FY 07-08 BAWA Adopted BudgetBaytown Area Water Authority
(BAWA)
ANNUAL PROGRAM OF SERVICES
2007 -08
ADOPTED BUDGET
Submitted To Baytown Area Water
Authority Board
August 30, 2007
Robert D. Leiper Interim General Manager
Fred Pack Plant Manager
Rhonda L. Young Director of Finance
BAYTOWN AREA WATER
AUTHORITY
BOARD OF DIRECTORS
ROBERT L. GILLETTE, President
DAN MUNDINGER, Vice President
PETER R. BUENZ, Secretary
KNOX BEAVERS
DAN CONEJO
BAYTOWN AREA WATER AUTHORITY
7425 Thompson Pond, aaymwn, Texas 77521 -1056 (281) 4263517 FAX (281) 126 -3519
August 30, 2007
President and Members of the Baytown Area Water Authority Board
Baytown Area Water Authority
Baytown, Texas
It is my pleasure to present the Adopted 2007 -08 Budget for the Baytown Area Water
Authority (BAWA) Board. The Budget sets forth the revenues and appropriations for the
fiscal year October 1, 2007 through September 30, 2008. The financial guidance
provided by the Board has resulted in SAWA's strong financial position exhibited by a
stable working capital balance.
The use of non - recurring revenues to fund a portion of the capital improvement program
will reduce the amount of future debt issues. The construction of a second water supply
line serving the City of Baytown is funded partially from non - recurring revenues to
reduce the amount of debt that is issued. This project will provide reliability to SAWA's
largest customer, the City of Baytown, which currently constitutes approximately 86% of
SAWA's water sales.
BAWA was approved for and has closed on a loan with the Texas Water Development
Board (TWBD) for funding of the second water supply line and Phase II improvements.
The loan received from the TWDB Drinking Water State Revolving fund has interest
rates ranging from 2.25% to 3.15% as compared to a range of 4.00% to 6.00% interest
rate for insured bonds sold on the market. The City of Houston notified BAWA of a rate
increase effective April 1, 2007 for untreated water purchased from the City of Houston.
The rate increased 2.8% from $0.4123 to $0.4238 per 1,000 gallons. The previous rate
increase was in 2006. Also, a 3.6% increase in the cost of raw water from the City of
Houston is anticipated effective April 1, 2008 and is included in the adopted budget.
Revenue estimates for water sales in the adopted budget are based upon sales in a
typical year. A rate increase was projected in the 2001 BAWA Rate Study for fiscal year
2005 for implementation of the capital improvement program (CIP), which anticipated
construction of the Phase II regulatory/disinfection improvements. The second water
supply line was not included in the CIP at that time. Since TWDB's loan program
reimburses BAWA as funds are expended, the full debt payments will not occur until the
project is complete. As of June 30, 2007, $6,990,000 of the total $13,290,000 has been
funded. Funding requests are submitted to TWDB as invoices are received from the
contractor.
The adopted budget includes a $0.07 per 1,000 gallon rate increase (approximately 5 %)
for BAWA's customers to adjust for the two untreated water rate increases and debt
associated with the construction of the new water supply line. Rates will be adjusted in
future budgets to reflect funding needs based on actual debt issued during the previous
year. This will allow the rate increase to coincide closely with the actual construction. It
will also provide for time contingencies that may be required due to the complexity of
the project that may extend the construction time of the project. Rate increases will be
based on actual construction progress.
The City of Baytown Water and Sewer Fund pays for the cost of the City to tie -in to the
new BAWA line to pay for their portion of the project. The City's portion of the project
costs are estimated to total $1,000,000. A continuing transfer from the City's water and
sewer fund is included for that portion of the debt payment.
In January of 2006, the EPA approved the Long Term 2 Enhanced Surface Water
Treatment (LT2) Rule and the Stage 2 Disinfection Byproducts (DBP) Rules. With
respect to the LT2 rule, systems that serve a population of less than 100,000 must
begin the monitoring schedule in January 2007. The schedule is as follows:
Submit Sampling Plan January 1, 2007
Begin source water monitoring April 1, 2007
Report bin classification October 1, 2009
Comply with additional treatment requirements (Ozone) October 1, 2012
The data collected during the 2 year monitoring period will determine if Ozone should be
implemented at the SAWA surface water treatment plant. The Stage 2 DBP rule
pertains to the City of Baytown distribution system only. BAWA has received the Small
System waiver and does not have to monitor the by- products listed in the rule. We have
completed the first two steps in this process.
The current and planned major improvements at BAWA were designed to provide the
foundation for growth in sales and continued reliable service of the highest quality water
for our customers. I look forward to reviewing this document with you.
SincSinc eIL /%�
Robert D. Leiper
Interim General Manager
MAJOR BUDGET ISSUES
Fiscal Year 2007 -08
BAYTOWN AREA WATER AUTHORITY
This fund accounts for the activities of the Baytown Area Water Authority (BAWA). BAWA
is a water authority created by the Texas Legislature to supply water for the City of
Baytown (City) and surrounding communities. BAWA services a total of eight customers
with the City as the largest customer, generating approximately 89% of BAWA's annual
sales. BAWA is a separate legal entity; however, it is considered a component unit of the
City. Since it began operating, BAWA has not experienced shortages of raw water supply
to the plant nor interruptions to service to its customers.
REVENUES
The 2007 -08 adopted budget estimates sales of $6,697,893 for 12.5 million gallons per
day (MGD) based upon an average rainfall year. Fluctuations to average rainfall can
significantly impact actual sales. A $0.07 rate increase is in the adopted 2007 -08 budget.
The current rate structure of $1.39 per 1,000 gallons for the City of Baytown and $1.42 per
1,000 gallons for customers outside the city are to increase to $1.46 and $1.49;
respectively, to cover the increased cost of operations, including the purchase of raw
water. This increase in rates is expected to generate additional revenue in the amount of
$320,251. Since the inception of the BAWA plant in April 1981, there have been rate
increases in 1988, 1993, 1999 and 2007.
EXPENDITURES
Total operating expenditures for the adopted 2007 -08 budget are $4,798,850, an increase
of $226,301 from the 2006 -07 budget. The depreciation expense increased to recognize
one full year of depreciation on new improvements. The adopted 2007 -08 budget
includes a transfer to General Fund for an indirect cost allocation, which is to reimburse
the City for administrative services such as Human Resources, Fiscal Operations, Legal
and Information Technology Services. Highlights of major operating changes were as
follows:
• Increase in personnel services $ 55,525
• Increase in supplies (Primarily raw water rate increase) 52,099
• Increase in maintenance 80,200
• Increase in services 38,477
Raw Water Supply Cost — BAWA purchases raw water from the City of Houston. The
raw water supply contract with the City of Houston is in effect through the year 2040 and
sets the maximum amount of raw water to be delivered to the BAWA plant at 15.8 MGD
without penalties. BAWA received notice of a 2.8% rate increase from $0.4123 to $0.4238
effective April 1, 2007. An additional increase of 3.6% is anticipated in April 2008. The
surcharge for water purchased over the 15.8 MGD is nominal at this time.
Debt Service — The debt service requirement for existing debt for the adopted 2007 -08
budget is $2,167,486.
MAJOR BUDGET ISSUES
Fiscal Year 2007 -08
CAPITAL IMPROVEMENT PROGRAM
The Capital Improvement Program for BAWA is funded primarily from bonds. The
adopted 2007 -08 budget includes funding from retained earnings designated for capital
improvements for the second water supply line project. Utilizing non - operating funds in the
CIP program will reduce the amount of debt issued in the future.
Phase II of BAWA's plant improvement is on hold pending the Texas Commission
on Environmental Quality (TCEQ) study to develop new recommendations
pertaining to disinfection programs (Ozone). Phase II was originally estimated at
$6,000,000. Final costs will be developed after TCEQ issues final regulations.
Implementation will be planned in the fiscal year following the issuance of final
regulations that will enable the BAWA Board to review implementation plans during
the annual budget process.
There is currently one line supplying water to BAWA's major customer, the City of
Baytown. The BAWA board approved a contract for the design for the second line
in 2004. The design is complete and has been approved by TWDB and the BAWA
Board and the City Council awarded the contract in the Spring of 2006. The project
is partially funded from non - recurring revenues and CIP funds to reduce the amount
of debt that is issued. TWDB debt has been issued for construction. The total
estimated cost is $10.5 million for the BAWA line with $1,000,000 funded by the
City of Baytown for extending their lines to connect with the new supply line.
WORKING CAPITAL
In order to maintain fiscal stability, governmental entities maintain a working capital
balance to meet daily liquidity needs. Appropriate levels of working capital vary from entity
to entity based on the relative impact of particular circumstances or financial conditions.
The goal for working capital is 60 to 90 days. Working capital is defined as current assets
(e.g., cash, investments and accounts receivable) less current liabilities (e.g., accounts
payable). The working capital in the adopted budget is estimated to be 65 days as of
September 2008. Working capital in excess of the targeted goal provides contingency
funding for current projects and unforeseen expenses.
5
BAYTOWN AREA WATER AUTHORITY FUND 510
BUDGET SUMMARY BY FUND
Actual Budget Estimated Adopted
2005 -06 2006 -07 2006 -07 2007 -08
Revenues
917,842
924,960
924,960
980,485
Sale of Water - Baytown
$ 4,906,092
$ 5,468,200
$ 4,668,905
$ 5,784,448
Sale of Water - Other
541,130
701,200
606,941
913,445
Interest Revenue
80,801
72,000
67,825
68,000
Mineral Royalties
156,201
144,000
15,000
15,000
Miscellaneous
8,330
5,000
2,400
2,400
Transfer From Water & Sewer Fund
68,000
68,000
68,000
68,000
Total Revenues
5,760,554
6,458,400
5,429,071
6,851,293
Expenditures
Personnel Services
917,842
924,960
924,960
980,485
Supplies
2,353,237
2,660,862
2,211,400
2,712,961
Maintenance
279,129
177,500
198,500
257,700
Services
706,473
809,227
748,768
847,704
Total Operating
4,256,681
4,572,549
4,083,628
4,798,850
Capital Outlay
14,642
-
- 13,000
Transfers Out - Debt Service
1,308,791
2,211,281
1,873,720 2,172,486
Transfers Out - General Fund
6,000
50,000
50,000 50,000
Transfers Out - Capital Improvement
316,201
-
- -
Contingency
-
40,000
- 40,000
Total Expenditures
5,902,315
6,873,830
6,007,348 7,074,336
Excess (Deficit) Revenues
Over Expenditures
Working Capital - Beginning
Working Capital - Ending
No. of Working Capital Days
(141,761) (415,430) (578,277) (223,043)
2,204,019 1,550,008 2,062,258 1,483,981
$ 2,062,258 $1,134,578 $ 1,483,981 $1,260,938
6
128 60 90 65
BAYTOWN AREA WATER AUTHORITY FUND 510
OPERATING RESULTS
Actual Budget Estimated Adopted
2005 -06 2006 -07 2006 -07 2007 -08
Operating Revenues
Sale of Water - Baytown $
4,906,092
$ 5,468,200 $
4,668,905 $
5,784,448
Sale of Water - Other
541,130
701,200
606,941
913,445
Sale of Property
8,330
51000
2,400
2,400
Transfer From Water & Sewer Fund
68,000
68,000
68,000
68,000
Total Revenues
5,523,552
6,242,400
5,346,246
6,768,293
Operating Expenses
Personnel Services
917,842
924,960
924,960
980,485
Raw Water Purchases
1,852,610
1,991,572
1,620,000
2,046,571
Supplies
500,627
669,290
591,400
666,390
Maintenance
279,129
177,500
198,500
257,700
Services
706,473
849,227
748,768
887,704
Depreciation
578,381
635,000
571,180
575,000
Transfers Out - General Fund
6,000
50,000
50,000
50,000
Total Expenditures
4,841,062
5,297,549
4,704,808
5,463,850
Operating Income 682,490 944,851 641,438 1,304,443
Non - Operating
Interest Revenue and Other 237,002 216,000 82,825 83,000
Interest Expenses and Other (675,956) (936,281) (608,770) (897,486)
Transfers Out - Capital Improvement (316,201) - -
Total Non- Operating Expenses (755,155) (720,281) (525,945) (814,486)
Net Income $ (72,665) $ 224,570 $ 115,493 $ 489,957
to Revenues
Income $ (72,665)
Principal Debt Retirement (632,835)
Capital Outlay (14,642)
Depreciation 578,381
fenues Over (Under) Expenditures $ (141,761)
$ 224,570 $ 115,493 $ 489,957
(1,275,000) (1,264,950) (1,275,000
(13,000
571,180 575,000
BAWA - CAPITAL IMPROVEMENT PROGRAM FUND 518
BUDGET SUMMARY BY FUND
Actual Carried - forward Budget Funds Total Estimated Carried - forward Base Adopted
2005 -06 2005 -06 2006 -07 Transfer 2006 -07 2006 -07 2006 -07 2007 -08 2007 -08
o..
Transfer From BAWA
$ 316,201 $
-
$ - $ _
$ _
$ - $
-
$ - $
_
Interest Revenue
88,789
75,000 -
75,000
100,000
-
75,000
75,000
Total Revenues
404,990
-
75,000 -
75,000
100,000
-
75,000
75,000
Expenditures
Debt Issuance Costs
62,959
-
- -
-
_
-
-
-
BAWA Admin Bldg - A/C Repairs
160,000
- -
160,000
160,000
-
-
-
BAWA Second Supply Line
115,439
517,130
- -
517,130
517,130
-
-
-
Highlands Tie -In Meter
-
-
- 11,750
11,750
11,750
-
-
-
BAWA Raw Waterline
-
-
- 76,500
76,500
76,500
-
-
New Capital Project Initiatives
1,114,784
235,086 (88,250)
1,261,620
-
1.261,620
120,476
120,476
Total Expenditures
178,398
1,791,914
235,086 -
2,027,000
765,380
1,261,620
120,476
120,476
Excess (Deficit) Revenues
Over Expenditures
226,592
(1,791,914)
(160,086) -
(1,952,000)
(665,380)
(1,261,620)
(45,476)
(45,476)
00
Retained Earnings - Beginning
1,745,884
1,972,476
235,512 -
1,972,476
1,972,476
1,307,096
45,476
45,476
Retained Earnings - Ending
$1,972,476 $
180,562
$ 75,426 $ -
$ 20,476
$ 1,307,096 $
45,476
$ - $
-
CITY OF BAYTOWN
PROGRAM SUMMARY
3070 BAYTOWN AREA WATER AUTHORITY BAWA
Program Description
Operate and maintain a 26 MGD design capacity
surface water treatment facility with a projected flow
of 12.50 MGD in fiscal year 2007 -2008 and a
certified bacteriological laboratory, which currently
serves 8 customers with the City of Baytown using
88% of production. Following and complying with the
Texas Commission on Environmental Quality
(TCEQ) Rules and Regulations for Public Water
Supplies adopted 1992, National Primary Drinking
Water Regulations, Safe Drinking Water Act,
Surface Water Treatment Rule, and the Criteria for
Certified Bacteriological Laboratories. Providing
BAWA's customers with high quality, safe drinking
water and consistent water pressure for fire
protection.
Major Goals
• Maintain water quality necessary to be classified
as "Meeting Optimum Corrosion Control" by
TCEQ.
Workload Measures
1. Customer Connections
2. Average MGD of water produced
3. Customer Service calls
• Maintain "Superior Public Water System" status.
• Maintain Optimization Standards as classified by
TCEQ's Texas Optimization Program.
• Operate the bacteriological laboratory in a
manner that exceeds the requirements as set
fourth by Texas Department of Health.
• Develop and maintain a staff of highly trained
water professionals to better serve customers.
Major Objectives
• Produce 12.50 MGD of water.
• Maintain finished water turbidity consistently less
than 0.1 NTU.
• Provide QA/QC and mathematical training for
personnel.
Actual
Budget
Estimated
Projected
2005 -06
2006 -07
2006 -07
2007 -08
8
8
8
8
11.81
12.50
12.50
12.50
6
10
10
10
Performance Measures
1. Days without interruption of service 365 365 365 366
2. Days finished water <0.1 NTU
365
365
365
366
3. Customer Service Calls Investigated
6
10
10
10
4. Days above 12.50 MGD
177
220
200
200
9
CITY OF BAYTOWN
SERVICE LEVEL BUDGET
3070 BAYTOWN AREA WATER AUTHORITY
Actual Budget Estimated Adopted
Acct# Acct Description 2005 -06 2006 -07 2006 -07 2007 -08
7100 Personnel Services
71031 Contract Personnel Services $ 917,842 $ 924,960 $ 924,960 $ 980,485
Total Personnel Services
917,842
924,960
924,960
980,485
7200 Supplies
72001 Office
2,712
4,000
4,000
4,000
72002 Postage
341
400
400
2,940
72007 Wearing Apparel
3,224
4,700
4,700
5,000
72016 Motor Vehicle
15,222
19,000
10,000
12,000
72021 Minor Tools
871
1,800
1,800
1,800
72026 Cleaning & Janitorial
1,289
2,000
2,000
2,000
72031 Chemical
453,162
601,740
545,000
603,000
72032 Medical
391
600
500
600
72041 Educational
1,227
1,300
1,000
1,300
72051 Untreated Water
1,852,610
1,991,572
1,620,000
2,046,571
72055 Laboratory Supplies
22,188
33,750
22,000
33,750
Total Supplies
2,353,237
2,660,862
2,211,400
2,712,961
7300 Maintenance
73011 Buildings
3,252
3,000
2,500
2,500
73021 Filtration Plants
10,730
20,000
20,000
55,000
73025 Streets Sidewalks & Curbs
573
500
-
500
73027 Heating & Cooling System
9,308
8,000
9,000
6,500
73028 Electrical Maintenance
53,645
58,000
68,000
79,000
73041 Furniture & Fixtures
215
1,000
1,000
1,000
73042 Machinery & Equipment
200,503
80,000
95,000
106,200
73043 Motor Vehicles
903
6,500
3,000
6,500
73045 Radio & Testing Equipment
-
500
-
500
Total Maintenance
279,129
177,500
198,500
257,700
7400 Services
74001 Communication
275
3,540
3,540
3,900
74002 Electric Service
623,028
709,500
642,890
709,500
74011 Equipment Rental
5,530
12,400
7,000
12,400
74021 Special Services
25,499
45,370
45,370
63,820
74022 Audits
4,657
4,843
4,843
10,221
74036 Advertising
628
700
500
700
74041 Travel & Reimbursables
3,105
4,000
4,000
4,000
74042 Education & Training
8,479
12,325
12,325
14,220
74051 Rents
6,262
-
-
-
74071 Association Dues
839
800
800
800
74210 General Liability Insurance
5,215
2,573
4,947
4,724
74220 Errors & Omissions
7,292
3,597
6,695
6,730
74240 Auto Liability
663
525
698
767
74242 Auto Catastrophic
27
22
27
27
74271 Mobile Equipment
332
224
352
370
74272 Real & Personal Property
14,642
8,727
14,695
15,430
74280 Bonds
-
81
86
95
Total Services
706,473
809,227
748,768
847,704
10
CITY OF BAYTOWN
SERVICE LEVEL BUDGET
3070 BAYTOWN AREA WATER AUTHORITY
Actual Budget Estimated Adopted
Acct# Acct Description 2005 -06 2006 -07 2006 -07 2007 -08
Total Operating
4,256,681 4,572,549 4,083,628 4,798,850
8000 Capital Outlay
84042 Machinery & Equipment - - - 13,000
84043 Motor Vehicles 14,642 - - -
Total Capital Outlay 14,642 - - 13,000
9000 Other Financing Uses
92101 To General Fund 6,000 50,000 50,000 50,000
91511 To BAWA Debt Service 1,308,791 2,211,281 1,873,720 2,172,486
91518 To BAWA Capital Improv 316,201 - -
Total Other Financing Uses 1,630,992 2,261,281 1,923,720 2,222,486
9900 Contingencies
99001 Contingencies - 40,000 - 40,000
Total Contingencies - 40,000 - 40,000
TOTAL DEPARTMENT $ 5,902,315 $ 6,873,830 $ 6,007,348 $ 7,074,336
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
LONG TERM DEBT AMORTIZATION SCHEDULES
Principal
Revenue Amount of Outstanding
Bonds Issue Oct. 1, 2007
Requirements
Fiscal Year 2007 -08
Principal
Outstanding
Sept. 30, 2008
Principal Interest Total
Series, 1997
$1,350,000
$ 255,000
$ 255,000
$ 11,985 $
266,985
$ -
Series, 1999
9,095,000
2,010,000
265,000
110,260
375,260
1,745,000
Series, 2002
3,800,000
3,160,000
180,000
161,349
341,349
2,980,000
Series, 2006
13,290,000
12,695,000
530,000
349,280
879,280
12,165,000
Series, 2007
6,505,000
6,505,000
40,000
264,613
304,613
6,465,000
1,590,000
Total
$ 24,625,000
$ 1,270,000
$ 897,486 $
2,167,486
$ 23,355,000
Combined BAWA Debt, All Series
Total $ 24,625,000 $ 7,769,150 $ 32,394,150
Combined BAWA Debt, All Series pinterest
Debt Requirement to Maturity
2.500 ■Principal
.ST 2.000
C 1.500
o 1.000
E 0.500
0.000 -
cP° d�' o °° o'`, o'`�" o'`� o °°` o'``' o`_ o', o'`o o;`l
4. Z Z Z �l. Z 4• 4. 4. 9. 2 R. °L 'L Z 'L '1. R. �L
Fiscal Year
12
Debt Requirements to Maturity
Fiscal
Principal
Total
Total
Year
5101
Interest
Requirement
2008
$ 1,270,000
$ 897,486
$ 2,167,486
2009
1,320,000
843,526
2,163,526
2010
1,375,000
787,706
2,162,706
2011
1,425,000
733,281
2,158,281
2012
1,490,000
676,126
2,166,126
2013
1,535,000
624,301
2,159,301
2014
1,590,000
569,911
2,159,911
2015
1,645,000
512,621
2,157,621
2016
1,710,000
452,691
2,1 62,691
2017
1,765,000
389,961
2,1 54,961
2018
1,830,000
324,799
2,154,799
2019
11900,000
254,346
2,154,346
2020
1,030,000
180,658
1,210,658
2021
735,000
143,588
878,588
2022
755,000
122,273
877,273
2023
775,000
100,000
875,000
2024
800,000
76,750
876,750
2025
825,000
52,350
877,350
2026
850,000
26,775
876,775
Total $ 24,625,000 $ 7,769,150 $ 32,394,150
Combined BAWA Debt, All Series pinterest
Debt Requirement to Maturity
2.500 ■Principal
.ST 2.000
C 1.500
o 1.000
E 0.500
0.000 -
cP° d�' o °° o'`, o'`�" o'`� o °°` o'``' o`_ o', o'`o o;`l
4. Z Z Z �l. Z 4• 4. 4. 9. 2 R. °L 'L Z 'L '1. R. �L
Fiscal Year
12
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
DETAIL DEBT AMORTIZATION SCHEDULES
Fiscal Interest Principal Interest Interest Annual Principal Total
Year Rate Due 5101 Due 5101 Due 11101 Requirement Outstanding Outstanding
Revenue Bond, Series
1997 Date of Issue - December 4 1997
1999 Date of Issue - November 1, 1999
Term -10 Years
2000
$ - $
33,503 $
33,503 $
67,006
$ 1,350,000
$ 1,715,523
2001
$ 2,612,145
-
33,503
33,503
67,006
1,350,000
1,648,516
2002
$ 2,010,000
-
33,503
33,503
67,006
1,350,000
1,581,510
2003
7.375%
200,000
33,503
33,503
267,006
1,150,000
1,314,504
2004
4.375%
205,000
26,128
26,128
257,256
945,000
1,057,248
2005
4.450%
215,000
21,644
21,644
258,288
730,000
798,960
2006
4.550%
230,000
16,860
16,860
263,720
500,000
535,240
2007
4.600%
245,000
11,628
11,628
268,255
255,000
266,985
2008
4.700%
255,000
5,993
5,993
266,985
-
-
$ 1,350,000 $ 216,264 $ 216,264 $ 1,782,529
Revenue Bond, Series
1999 Date of Issue - November 1, 1999
Term - 20 Years
$ 2,612,145
2007
7.000%
$
245,000
$ 63,705
$ - $
308,705
$ 2,010,000
2,303,440
2008
7.000%
265,000
55,130
55,130
375,260
1,745,000
1,928,180
2009
5.700%
550,000
45,855
45,855
641,710
1,195,000
1,286,470
2010
5.000%
585,000
30,180
30,180
645,360
610,000
641,110
2011
5.100%
610,000
15,555
15,555
641,110
-
-
$
2,255,000
$ 210,425
$ 146,720 $
2,612,145
Revenue Bond, Series
2002 Date of Issue - January 10, 2002
Term -19 Years
$ 6,040,949
2002
$
-
$ 81,895
$ - $
81,895
$ 3,800,000
5,959,054
2003
-
98,274
98,274
196,549
3,800,000
5,762,505
2004
5.500%
150,000
98,274
98,274
346,549
3,650,000
5,415,956
2005
5.500%
155,000
94,149
94,149
343,299
3,495,000
5,072,658
2006
5.500%
165,000
89,887
89,887
344,774
3,330,000
4,727,884
2007
5.500%
170,000
85,349
85,349
340,699
3,160,000
4,387,185
2008
5.500%
180,000
80,674
80,674
341,349
2,980,000
4,045,836
2009
5.500%
190,000
75,724
75,724
341,449
2,790,000
3,704,388
2010
5.500%
195,000
70,499
70,499
335,999
2,595,000
3,368,389
2011
5.350%
205,000
65,137
65,137
335,274
2,390,000
3,033,115
2012
4.700%
215,000
59,653
59,653
334,306
2,175,000
2,698,809
2013
4.800%
230,000
54,601
54,601
339,201
1,945,000
2,359,608
2014
4.900%
240,000
49,081
49,081
338,161
1,705,000
2,021,446
2015
5.000%
250,000
43,201
43,201
336,401
1,455,000
1,685,045
2016
5.000%
265,000
36,951
36,951
338,901
11190,000
1,346,144
2017
5.000%
275,000
30,326
30,326
335,651
915,000
1,010,493
2018
5.100%
290,000
23,451
23,451
336,901
625,000
673,591
2019
5.125%
305,000
16,056
16,056
337,111
320,000
336,480
2020
5.150%
320,000
8,240
8,240
336,480
-
-
$
3,800,000
$ 1,161,422
$ 1,079,527 $
6,040,949
13
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
DETAIL DEBT AMORTIZATION SCHEDULES
Fiscal Interest Principal Interest Interest Annual Principal Total
Year Rate Due 5101 Due 5101 Due 11101 Requirement Outstanding Outstanding
Revenue Bond, Series 2006 Date of Issue - June 14 2006 Term - 20 Years
$17,537,835
2007 2.250% $ 595,000 $ 283,082 $ - $ 878,082 $12,695,000 16,659,753
2008
2.250%
530,000
174,640
174,640
879,280
12,165,000
15,780,473
2009
2.300%
540,000
168,678
168,678
877,355
11,625,000
14,903,118
2010
2.300%
550,000
162,468
162,468
874,935
11,075,000
14,028,183
2011
2.350%
565,000
156,143
156,143
877,285
10,510,000
13,150,898
2012
2.400%
580,000
149,504
149,504
879,008
9,930,000
12,271,890
2013
2.500%
590,000
142,544
142,544
875,088
9,340,000
11,396,803
2014
2.600%
605,000
135,169
135,169
875,338
8,735,000
10,521,465
2015
2.650%
620,000
127,304
127,304
874,608
8,115,000
9,646,858
2016
2.700%
640,000
119,089
119,089
878,178
7,475,000
8,768,680
2017
2.750%
655,000
110,449
110,449
875,898
6,820,000
7,892,783
2018
2.800%
675,000
101,443
101,443
877,885
6,145,000
7,014,898
2019
2.850%
695,000
91,993
91,993
878,985
5,450,000
6,135,913
2020
2.900%
710,000
82,089
82,089
874,178
4,740,000
5,261,735
2021
2.900%
735,000
71,794
71,794
878,588
4,005,000
4,383,148
2022
2.950%
755,000
61,136
61,136
877,273
3,250,000
3,505,875
2023
3.000%
775,000
50,000
50,000
875,000
2,475,000
2,630,875
2024
3.050%
800,000
38,375
38,375
876,750
1,675,000
1,754,125
2025
3.100%
825,000
26,175
26,175
877,350
850,000
876,775
2026
3.150%
850,000
13,388
13,388
876,775
-
-
$ 13,290,000
$ 2,265,458
$ 1,982,376
$ 17,537,835
Revenue
Bond, Series
2007
Date of Issue - February 1 2007
Term - 20 Years
$ 6,505,000
$ 8,842,941
2007
$ -
$ 66,153
$ -
$ 66,153
6,505,000
8,776,788
2008
4.000%
40,000
132,306
132,306
304,613
6,465,000
8,472,175
2009
4.000%
40,000
131,506
131,506
303,013
6,425,000
8,169,163
2010
4.000%
45,000
130,706
130,706
306,413
6,380,000
7,862,750
2011
4.000%
45,000
129,806
129,806
304,613
6,335,000
7,558,138
2012
4.000%
695,000
128,906
128,906
952,813
5,640,000
6,605,325
2013
4.000%
715,000
115,006
115,006
945,013
4,925,000
5,660,313
2014
4.000%
745,000
100,706
100,706
946,413
4,180,000
4,713,900
2015
4.000%
775,000
85,806
85,806
946,613
3,405,000
3,767,288
2016
4.000%
805,000
70,306
70,306
945,613
2,600,000
2,821,675
2017
4.000%
835,000
54,206
54,206
943,413
1,765,000
1,878,263
2018
4.250%
865,000
37,506
37,506
940,013
900,000
938,250
2019
4.250%
900,000
19,125
19,125
938,250
-
-
$ 6,505,000
$ 1,202,047
$ 1,135,894
8,842,940.63
14
City of Houston
Untreated Water Rates
Year
Rate
04/81
.22142
Rate
02/83
.24157
10/86
.25123
10/87
.28022
01/88
.26591 FIRST 150 MGD /PER 1,000,
.26113 NEXT 150 MGD
08/88
.28426 FIRST 300 MGD /PER 1,000,
.27915 NEXT 300 MGD
07/89
.29344 FIRST 300 MGD /PER 1,000,
.28817 NEXT 300 MGD
08/90
.31178 FIRST 300 MGD /PER 1,000,
.30618 NEXT 300 MGD
02/92
.31820 FIRST 300 MGD /PER 1,000,
.31249 NEXT 300 MGD
10/93
.32907 FIRST 300 MGD /PER 1,000,
.32316 NEXT 300 MGD
10/94
.37192 (GRACE UP TO 13.1 MGD.
ANYTHING OVER 11.9
IF WE GO OVER, THEN 5% ADDED TO
06/04
.385 (GRACE UP TO 13.1 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER 11.9)
04/05
.398 (GRACE UP TO 17.38 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER 15.8)
04/06
.4123 (GRACE UP TO 17.38 MGD.
ANYTHING OVER 15.8
IF WE GO OVER, THEN 5% ADDED TO
Baytown Area Water Authority
Treated Water Rates
15
Increase
Year
11981
Rate
Amount
Comments
$0.97 COB
1985-1987
$0.97 COB, $1.00 Other
Result of rising operating cost.
1988-1992
$1.07 COB, $1.10 Other
$0.10
Raw water rates up 25%
Result of increase in raw water
1993-1998
$1.18 COB, $1.21 Other
$0.11
rates.
1999-2006
$1.26 COB, $1.29 Other
$0.08
Funding for plant expansion debt
Funding for new water line debt
and City of Houston rate
2007
$1.39 COB, $1.42 Other
$0.13
increase.
Funding for new water ine debt
and City of Houston rate
2008
1$1.46 COB, $1.49 Other
1 $0.07
lincrease.
15
CITY OF HOUSTON Bill white
Public Works and Engineering
Department
IMPORTANT NOTICE
Mayor
Michael S. Marcotte. P.E., DEE
Director
P.O. Box 4863
Houston. Texas 772104883
www.houstontr -9ov
NOTIFICATION OF WATER RATE ADJUSTMENT
On April 1, 2007, rates will be adjusted upward by 2.8 %. By law, water rates ate now
adjusted each year based upon the actual increase in costs in the region. These new
rates will be reflected on your April 2007 billing which you will receive in May.
NEW RATES AND CHARGES
Classification
Rate
Contract Treated Water
P x $1.476 plus (P -M) x $.572 •
Untreated Water Rates where there is no
contract
First 10,000 000 gallons
$1.060 per
1,000 nallons
Next 10,000,000 gallons
$0.953 per
1,000 gallons
Next 30,000,000 gallons
$0.899 per
1,000 gallons
Next 100,000,000 gallons
$0.845 per
1,000 gallons
Excess of 150,000,000 gallons 1
$0.818 per
1,000 nallons
Untreated Water Rates under written contracts 1
$0.4238
per 1,000
gallons
P = Total water delivery during the month in thousand gallons, except if the minimum
monthly specified in the customer's contract is greater than P. P shall equal M.
M = Minimum monthly amount of water specified in the customer's contract expressed in
units of one thousand gallons.
For further information, please:
Refer to the Rates and Prices or the Billing and Payment section of your contract
Visit: htto: //www.houstontx.goy /codes/ (Sections 47-61 and 47 -84 et seq.)
Please contact Maria Carrillo at Utility Customer Service at (713) 371 -1072 with specific
questions about your bill
16