BAWA Resolution No. 2019-18RESOLUTION NO. 2019-18
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN
AREA WATER AUTHORITY ADOPTING A BUDGET FOR THE ENSUING
FISCAL YEAR, BEGINNING OCTOBER 1, 2019, AND ENDING
SEPTEMBER 30, 2020; MAKING OTHER PROVISIONS RELATED
THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
******************************************************************************
WHEREAS, the General Manager of the Baytown Area Water Authority (`BAWA") has
submitted to BAWA's Board of Directors a budget estimate of the revenues of BAWA and the
expense of conducting the affairs thereof for the ensuing fiscal year, beginning October 1, 2019,
and ending September 30, 2020; and
WHEREAS, the Board of Directors of BAWA (the "Board") received the General
Manager's estimate and held a public hearing thereon; and
WHEREAS, after full and final consideration of the information contained in the
proposed budget and the input received at the public hearing, it is the opinion of the Board that
the budget attached hereto should be approved and adopted; NOW THEREFORE,
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN AREA
WATER AUTHORITY:
Section 1: That the Board of Directors of the Baytown Area Water Authority hereby
adopts the budget, which is attached hereto as Exhibit "A" and incorporated herein for all intents
and purposes for BAWA's 2019-2020 fiscal year.
Section 2: This resolution shall take effect immediately from and after its passage by
the Board of Directors of the Baytown Area Water Authority.
INTRODUCED, READ and PASSED, by the affirmative vote of the Board of Directors
of the Baytown Area Water Authority this the 2 1 " day of August, 2019.
I/
ENDA BRADLEY SMITH, President
ATT
LETICIA BRYSCH, Assista ecretary
APPROVED AS TO FORM:
4 ACIO RAMIREZ, SR., General Counsel
VKarenTiles BAWA Resolution\20 9 gust BAWA Resolution - Adopt BAWA Budget.doc
Exhibit "A"
BAYTOWN AREA WATER
AUTHORITY (BAWA)
ANNUAL PROGRAM OF SERVICES
2019-20
PROPOSED BUDGET
BAYTOWN AREA WATER
AUTHORITY
BOARD OF DIRECTORS
BRENDA BRADLEY SMITH, President
MIKE WILSON, Vice President
FRANK McKAY III, Secretary
CITY CLERK, Assistant Secretary
BRANDON BENOIT, Director
HARLAND FORREST JR, Director
BAYTOWN AREA WATER
AUTHORITY
(BAWA)
ORGANIZATION CHART
Baytown Area Water
Authority
E Board of Directors
L Y
General Manager
Plant
Manager/Director of
Public Works &
Utilities
1
{
Superintendent
This fund accounts for the operations 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 88% 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 its raw water supply to the plant or interruptions of
service to its customers.
REVENUES
The 2019-20 proposed budget estimates sales of $14,093,234 for an average of 13.8 million
gallons per day (MGD). Fluctuations in rainfall amounts can significantly impact actual sales.
The existing rate structure for BAWA is $2.82 per 1,000 gallons for the City of Baytown and
$2.86 per 1,000 gallons for customers outside the city. The rates will remain consistent for the
2019-20 budget.
EXPENDITURES
Total operating expenditures for the proposed 2019-20 budget are $9,136,462 which is an
increase of $2,344,941 from the 2018-19 budget. An increase of $1,870,089 over current year
estimate in the untreated water supplies is included in the budget due to the City of Houston's
raw water supply contract. This budget includes a transfer of $350,000 to the General Fund for
an indirect cost allocation to reimburse the City for administrative services such as Iluman
Resources, Fiscal Operations, Legal and Information Technology Services. Highlights of major
operating changes are as follows:
• Increase in personnel services $ 349,887
• Increase in supplies 1,820,054
• Increase in maintenance 60,000
• Increase in services 115,000
• Increase in capital outlay 205,124
• Increase in transfers out -debt service 1,311,242
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 20 MGD without
penalties. The surcharge for water purchased over the 20 MGD is nominal at this time. BAWA
received a rate increase (2.8%) from $0.7012 to $0.7208 on April 1, 2019. The annual rate
adjustment was intended to help cover the City of Houston's cost increases that impact the
provision of safe, clean drinking water and the collection and treatment of wastewater. This
includes operational costs as well as the costs involved in repairing portions of the City of
Houston system's aging infrastructure.
Debt Service The transfer to cover the debt service requirement for the proposed 2019-20
budget is $3,740,760. The Authority awarded a construction contract to build the BAWA East
Water Treatment Plant and due to the length of time for construction, 27-36 months, the
Authority chose to issue bonds in two parts. The combination of bonds and operating funds
totaling $28 million was issued for the first year. The second issue, $18 million in bonds, was
issued in the fiscal year 2018-19.
CAPITAL IMPROVEMENT PROGRAM
The Capital Improvement Program for BAWA is funded through the issuance of revenue bonds,
grants, and revenue from operations.
BAWA East Water Treatment Plant $6,357,142
Development of a six (6) million gallons per day (MGD) surface water treatment plant south of
Interstate Highway (IH) 10 and west of SH 99 along the Coastal Water Authority (CWA)
Barbers Hill Canal. The design will provide for the ability to expand the plant based on future
water demands and allow the plant to convert to salt water treatment (desalinization) ensuring
long term viability.
Annual Operating Impact: BA WA East will become operational in FY2020 with ongoing
operating costs of $3, 439, 096.
Filter Scour $2,222,988
This project will provide more efficient backwash with 40-50% less backwash water and will
extend the life of the filter media. (Cost savings less energy and water use)
Annual Operating Impact: No anticipated operating cost for FY2020.
East Transmission Line $1,450,000
This is for the design of the transmission line that will go from the new Water Treatment Plant to
provide water to the City
Annual Operating Impact: No anticipated operating cost for FY2020.
Chemical Systems Replace Bulk Tank $1,059,556
This is for the design of the transmission line that will go from the new Water Treatment Plant to
provide water to the City
Annual Operating Impact: No anticipated operating cost for FY2020.
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. Working capital is
defined as current assets (e.g., cash, investments and accounts receivable) less current liabilities
(e.g., accounts payable).
In the 2019-20 proposed budget, BAWA's working capital level at year end is projected to
represent 126 days of operating expenditures; a contingency line item of $75,000 is provided;
plus we are able to transfer out $2,788,023 to BAWA's Capital Improvement Project Fund
(CIPF). The $2,788,023 will be available for funding future capital projects.
3070 BAYTOWN AREA WATER AUTHORITY — PROGRAM SUMMARY
Program Description
BAWA operates and maintains a 26 Million Gallon per Day (MGD) surface water treatment facility. It has a projected raw
water flow of 13.25 MGD and projected finished water flow of 13.5 MGD for fiscal year 2019-20. BAWA currently serves 8
surrounding area customers, including the City of Baytown, which uses 88% of BAWA's production. Operations personnel
ensure the facility's compliance with the Texas Commission on Environmental Quality's (TCEQ) Rules and Regulations for
Public Water Supplies. BAWA provides its 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.
• Maintain "Superior Public Water System" status.
• Maintain standards for the Texas Optimization Program - a voluntary program through TCEQ that promotes the
optimization of surface water treatment plants, by identifying and addressing the various factors that limit performance
in order to lower the risk of waterborne disease.
• Develop and maintain a staff of highly trained water professionals through continuing education classes and hands on
training.
Major Objectives
• Produce 13.5 MGD of finished water.
• Maintain finished water turbidity (haze measurement) consistently < 0.1 NTU.
• Maintain compliance with all TCEQ and EPA regulations.
BAYTOWN AREA WATER AUTHORITY FUND 510
BUDGET SUMMARY BY FUND
Actual Budget Estimated Proposed
2017-18 2018-19 2018-19 2019-20
Revenues
Sale of Water - Baytown $
12,119,269 $
12,205,257 $
12,205,257 $
12,449,362
Sale of Water - Other
1,623,012
1,611,639
1,611,639
1,643,872
Interest Revenue
89,454
48,991
115,619
45,000
Miscellaneous
3,358
-
-
-
Transfers In From WWIS Fund
12,817,898
112,970
112,970
111,036
Total Revenues
26,652,991
13,978,857
14,045,485
14,249,270
Expenditures
Personnel Services
1,417,603
1,477,296
1,418,956
1,827,183
Supplies
4,263,273
4,288,773
3,791,137
6,108,827
Maintenance
216,491
239,500
239,500
299,500
Services
643,990
785,952
785,952
900,952
Total Operating 6,541,357
6,791,521
6,235,545
9,136,462
Capital Outlay
-
85,000
35,000
290,124
Transfers Out - Debt Service
2,421,180
2,429,518
2,429,518
3,740,760
Transfers Out - Capital Improvement
2,000,000
5,790,159
5,790,159
2,788,023
Transfers Out - General Fund
350,000
350,000
350,000
350,000
Contingency
-
75,000
75,000
75,000
Total Expenditures
11,312,538
15,521,198
14,915,222
16,380,369
Excess (Deficit) Revenues
Over Expenditures 15,340,453 (1,542,341) (869,737) (2,131,099)
GAAP to budget basis adjustment (12,722,633) - - -
Working Capital - Beginning 3,546,554 6,164,374 6,164,374 5,294,637
Working Capital - Ending $ 6,164,374 $ 4,622,033 $ 5,294,637 $ 3,163,538
Days of Operating Expenditures 344 248 310 126
3070 BAYTOWN AREA WATER AUTHORITY- SERVICE LEVEL BUDGET
Actual Budget Estimated Proposed
Acct# Acct Description 2017-18 2018-19 2018-19 2019-20
7100
Personnel Services
71011
Extra Help/Temporary
$ 17,832 $
- $
10,000 $
-
71031
Contract Personnel BAWA
1,399,771
1,477,296
1,408,956
1,827,183
Total Personnel Services
1,417,603
1,477,296
1,418,956
1,827,183
7200
Supplies
72001
Office Supplies
3,841
3,250
3,250
5,700
72002
Postage Supplies
455
430
430
710
72007
Wearing Apparel
6,453
6,300
6,300
8,050
72016
Motor Vehicle Supplies
4,389
5,000
5,000
10,000
72021
Minor Tools
2,353
2,400
2,400
4,000
72022
Fuel For Generators
12,735
10,000
6,000
10,000
72026
Cleaning & Janitorial Sup
2,142
2,000
2,000
4,200
72031
Chemical Supplies
648,210
700,900
832,186
1,210,508
72032
Medical Supplies
796
900
900
1,600
72041
Educational Supplies
2,135
2,000
2,000
2,000
72051
Untreated Water Supplies
3,557,811
3,533,593
2,908,671
4,778,760
72055
Laboratory Supplies
21,953
22,000
22,000
73,300
Total Supplies
4,263,273
4,288,773
3,791,137
6,108,827
7300
Maintenance
73011
Buildings Maintenance
6,639
7,000
7,000
7,000
73025
Streets Sidewalks & Curbs
33
73026
Storm Drains Maint
5
73027
Heat & Cool Sys Maint
3,932
5,500
5,500
5,500
73028
Electrical Maintenance
37,819
40,000
40,000
48,000
73041
Furniture/Fixtures Maint
1,000
2,000
2,000
2,000
73042
Machinery & Equip Maint
161,805
175,000
175,000
229,000
73043
Motor Vehicles Maint
5,258
10,000
10,000
8,000
Total Maintenance
216,491
239,500
239,500
299,500
7400
Services
74001
Communication
-
-
-
-
74002
Electric Service
484,331
474,000
474,000
574,000
74011
Equipment Rental
10,284
15,000
15,000
20,000
74021
Special Services
120,919
267,000
267,000
277,000
74022
Audits
16,352
16,352
16,352
16,352
74036
Advertising
393
600
600
600
74042
Education & Training
11,710
12,800
12,800
12,800
74280
Bonds
-
200
200
200
Total Services
643,990
785,952
785,952
900,952
Total Operating 6,541,357 6,791,521 6,235,545 9,136,462
9
3070 BAYTOWN AREA WATER AUTHORITY- SERVICE LEVEL BUDGET
Actual Budget Estimated Proposed
4cct# Acct Description 2017-18 2018-19 2018-19 2019-20
8000 Capital Outlay
80001 Furniture & Equip <$5000
83023 Water Distribution System
84042 Machinery & Equipment
84043 Motor Vehicles
Total Capital Outlay
9000
Other Financing Uses
91511
To BAWA Debt Service
91512
To BAWA Capital Project
91518
To BAWA CIPF Fund
92101
Expense - General Fund
Total Other Financing Uses
9900
Contingencies
99001
Contingencies
Total Contingencies
TOTAL DEPARTMENT
50,000 - -
- - - 255,124
35,000 35,000 35,000
85,000 35,000 290,124
2,421,180
2,429,518
2,429,518
3,740,760
-
-
-
2,788,023
2,000,000
5,790,159
5,790,159
-
350,000
350,000
350,000
350,000
4,771,180
8,569,677
8,569,677
6,878,783
75,000 75,000 75,000
75,000 75,000 75,000
$ 11,312,538 $ 15,521,198 $ 14,915,222 $ 16,380,369
10
BAWA - CAPITAL IMPROVEMENT PROGRAM FUND 518
BUDGET SUMMARY BY FUND
Total
Actual Total Allocation Estimated Allocation
2017-18 2018-19 2018-19 2019-20
Revenues
Transfer In from Operating Fund $ 2,000,000 $ 5,790,159 $ 5,790,159 2,788,023
Interest Revenue 185,202 80,000 189,645 55,190
Total Revenues 2,185,202 5,870,159 5,979,804 2,843,213
Expenditures
BAWA East Plant
1,015,340
4,529,056
421,914
6,357,142
BAWA East Plant Engineering
146,497
1,023,097
575,280
447,817
Mitigation Credits
1,231,200
-
-
Completed and closed projects
124,550
-
-
High Service Pumps
4,284,158
1,098,950
1,098,950
-
Chemical Systems - Replace Bulk Tank
126,128
1,059,684
128
1,059,556
LAS System Addition
130,765
349,235
73,139
276,096
Lime System Addition
-
390,000
390,000
Post Filtration Chemicals
-
144,000
144,000
Sludge Room Improvements
-
400,000
400,000
Chain & Flight for Basin Four
106,500
40,950
40,950
-
Surveillance System
5,000
-
-
Filter Gallery Improvements
34,016
-
-
Administration Building
100,319
90,215
90,215
-
Ground Storage Tanks Rehabilitation
30,000
1,470,000
26,368
-
BAWA East Transmission Line
-
1,650,000
200,000
1,450,000
Filter Scour
-
1,114,000
291,012
2,222,988
New Capital Project Initiatives
-
418,345
1,000,000
Total Expenditures
7,334,473
13,777,532
2,817,956
13,747,599
Excess (Deficit) Revenues
Over Expenditures (5,149,271) (7,907,373) 3,161,848 (10,904,386)
Working Capital - Beginning 12,995,111 $ 7,845,840 $ 7,845,840 $ 11,007,688
Working Capital - Ending $ 7,845,840 $ (61,533) $ 11,007,688 $ 103,302
11
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
LONG TERM DEBT AMORTIZATION SCHEDULES
Revenue Amount of
Bonds Issue
Principal
Outstanding
Oct. 1, 2019
Principal & Interest
Requirements for 2019-20
Principal
Outstanding
Sept. 30, 2020
Principal Interest Total
Series 2006 $ 9,975,000 $
2,135,000
$ 710,000
$ 62,260 $
772,260 $
1,425,000
Series 2012 8,315,000
4,605,000
580,000
132,800
712,800
4,025,000
Series 2018 22,040,000
22,040,000
-
1,024,250
1,024,250
22,040,000
Series 2019 17,315,000
17,315,000
640,000
591,450
1,231,450
16,675,000
$
46,095,000
$ 1,930,000
$ 1,810,760 $
3,740,760 $
44,165,000
Combined BAWA Debt, All Series
Debt Requirements to Maturity
Fiscal
Principal
Total
Total
Year
5/01
Interest
Requirement
2020
1,930,000
1,810,760
3,740,760
2021
1,780,000
1,752,970
3,532,970
2022
1,835,000
1,694,306
3,529,306
2023
1,970,000
1,630,894
3,600,894
2024
2,005,000
1,546,594
3,551,594
2025
2,040,000
1,460,268
3,500,268
2026
2,080,000
1,371,818
3,451,818
2027
2,120,000
1,281,868
3,401,868
2028
2,160,000
1,190,000
3,350,000
2029
2,250,000
1,096,188
3,346,188
2030
2,345,000
998,488
3,343,488
2031
2,440,000
904,850
3,344,850
2032
2,540,000
806,826
3,346,826
2033
2,640,000
704,450
3,344,450
2034
2,755,000
591,750
3,346,750
2035
2,855,000
473,900
3,328,900
2036
2,960,000
369,950
3,329,950
2037
3,065,000
262,100
3,327,100
2038
3,175,000
150,350
3,325,350
2039
1,150,000
34,500
1,184,500
Total
$46,095,000
$ 20,132,830
$ 66,227,830
12
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
DETAIL DEBT AMORTIZATION SCHEDULES
Revenue Bonds Funding: BAWA-WWIS $ 9,975,000
Series 2006 Date of Issue - June 14, 2006 Term - 16 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 5/01 Duel l/01 Due 5/01 Interest Requirement Outstanding
2007
2.25%
$ 595,000
$ 2,115
$ 51,400
$ 53,515
$ 648,515 $
9,380,000
2008
2.25%
530,000
77,040
107,112
184,152
714,152
8,850,000
2009
2.30%
540,000
103,045
107,542
210,587
750,587
8,310,000
2010
2.30%
550,000
104,650
111,509
216,159
766,159
7,760,000
2011
2.35%
565,000
105,184
105,184
210,368
775,368
7,195,000
2012
2.40%
580,000
98,545
98,545
197,090
777,090
6,615,000
2013
2.50%
590,000
91,585
91,585
183,170
773,170
6,025,000
2014
2.60%
605,000
84,210
84,210
168,420
773,420
5,420,000
2015
2.65%
620,000
76,345
76,345
152,690
772,690
4,800,000
2016
2.70%
640,000
68,130
68,130
136,260
776,260
4,160,000
2017
2.75%
655,000
59,490
59,490
118,980
773,980
3,505,000
2018
2.80%
675,000
50,484
50,484
100,968
775,968
2,830,000
2019
2.85%
695,000
41,034
41,034
82,068
777,068
2,135,000
2020
2.90%
710,000
31,130
31,130
62,260
772,260
1,425,000
2021
2.90%
735,000
20,835
20,835
41,670
776,670
690,000
2022
2.95%
690,000
10,178
10,178
20,356
710,356
-
$ 9,975,000
$ 1,024,000
$ 1,114,713
$ 2,138,713
$ 12,113,713
Call Option: Bonds maturing on 05/01/2017 to 05/01/2022 callable in whole or in part inversely on any date beginning 05/01/2016 @ par.
Revenue Bonds Funding: BAWA $ 8,315,000
Series 2012 Issue Date - March 29, 2012 Term - 20 Years
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 5/01 Duell/01 Due 5/01 Interest Requirement Outstanding
2013
2014
2015
2016
2017
2018
2019
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
$ 485,000
510,000
520,000
535,000
540,000
550,000
570,000
$ 123,050
98,650
93,550
88,350
83,000
77,600
72,100
$ 103,500 $
98,650
93,550
88,350
83,000
77,600
72,100
226,550
197,300
187,100
176,700
166,000
155,200
144,200
$ 711,550 $
707,300
707,100
711,700
706,000
705,200
714,200
7,830,000
7,320,000
6,800,000
6,265,000
5,725,000
5,175,000
4,605,000
2020
2.00%
580,000
66,400
66,400
132,800
712,800
4,025,000
2021
2.00%
290,000
60,600
60,600
121,200
411,200
3,735,000
2022
2.38%
295,000
57,700
57,700
115,400
410,400
3,440,000
2023
2.50%
300,000
54,197
54,197
108,394
408,394
3,140,000
2024
2.75%
310,000
50,447
50,447
100,894
410,894
2,830,000
2025
3.00%
315,000
46,184
46,184
92,368
407,368
2,515,000
2026
3.00%
325,000
41,459
41,459
82,918
407,918
2,190,000
2027
3.13%
335,000
36,584
36,584
73,168
408,168
1,855,000
2028
3.25%
345,000
31,350
31,350
62,700
407,700
1,510,000
2029
3.25%
360,000
25,744
25,744
51,488
411,488
1,150,000
2030
3.38%
370,000
19,894
19,894
39,788
409,788
780,000
2031
3.50%
385,000
13,650
13,650
27,300
412,300
395,000
2032
3.50%
395,000
6,913
6,913
13,826
408,826
-
$ 8,315,000
$ 1,147,422
$ 1,127,872 $
2,275,294
$ 10,590,294
Call Option: Bonds maturing on 05/01/2023 to 05 01 2032 callable in whole or in part on any date beginning 05/01/2022 r@ par.
13
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
DETAIL DEBT AMORTIZATION SCHEDULES
Revenue Bonds Funding: BAWA $ 22,040,000
Series 2018 Issue Date - June 21, 2018 Term-20 Yrs
Fiscal Interest Principal Interest Interest Total Annual Principal
Year Rate Due 5/01 Duell/01 Due 5/01 Interest Requirement Outstanding
2019
$ - $
426,771 $
512,125
$ 938,896
$ 938,896 $
22,040,000
2020
0.00%
-
512,125
512,125
1,024,250
1,024,250
22,040,000
2021
5.00%
135,000
512,125
512,125
1,024,250
1,159,250
21,905,000
2022
5.00%
205,000
508,750
508,750
1,017,500
1,222,500
21,700,000
2023
5.00%
1,000,000
503,625
503,625
1,007,250
2,007,250
20,700,000
2024
5.00%
1,000,000
478,625
478,625
957,250
1,957,250
19,700,000
2025
5.00%
1,000,000
453,625
453,625
907,250
1,907,250
18,700,000
2026
5.00%
1,000,000
428,625
428,625
857,250
1,857,250
17,700,000
2027
5.00%
1,000,000
403,625
403,625
807,250
1,807,250
16,700,000
2028
5.00%
1,000,000
378,625
378,625
757,250
1,757,250
15,700,000
2029
5.00%
1,040,000
353,625
353,625
707,250
1,747,250
14,660,000
2030
5.00%
1,095,000
327,625
327,625
655,250
1,750,250
13,565,000
2031
5.00%
1,145,000
300,250
300,250
600,500
1,745,500
12,420,000
2032
5.00%
1,210,000
271,625
271,625
543,250
1,753,250
11,210,000
2033
5.00%
1,675,000
241,375
241,375
482,750
2,157,750
9,535,000
2034
4.00%
1,760,000
199,500
199,500
399,000
2,159,000
7,775,000
2035
4.00%
1,830,000
155,500
155,500
311,000
2,141,000
5,945,000
2036
4.00%
1,905,000
118,900
118,900
237,800
2,142,800
4,040,000
2037
4.00%
1,980,000
80,800
80,800
161,600
2,141,600
2,060,000
2038
4.00%
2,060,000
41,200
41,200
82,400
2,142,400
-
$ 22,040,000 $
6,696,921 $
6,782,275
$ 13,479,196
$ 35,519,196
Call Option: Bonds maturing on 05/01/2029 to 05/01/2038 callable in whole or in part on any date beginning 05/01/2029 @ par.
Revenue Bonds
Funding: BAWA
$ 17,315,000
Series 2019
Issue Date - May
30, 2019
Term-20 Yrs
Fiscal
Interest
Principal
Interest
Interest
Total
Annual
Principal
Year
Rate
Due 5/01
Duel l/01
Due 5/01
Interest
Requirement
Outstanding
2020
4.00%
640,000
295,725
$ 295,725 $
591,450
1,231,450
16,675,000
2021
4.00%
620,000
282,925
282,925
565,850
1,185,850
16,055,000
2022
4.00%
645,000
270,525
270,525
541,050
1,186,050
15,410,000
2023
4.00%
670,000
257,625
257,625
515,250
1,185,250
14,740,000
2024
4.00%
695,000
244,225
244,225
488,450
1,183,450
14,045,000
2025
4.00%
725,000
230,325
230,325
460,650
1,185,650
13,320,000
2026
4.00%
755,000
215,825
215,825
431,650
1,186,650
12,565,000
2027
4.00%
785,000
200,725
200,725
401,450
1,186,450
11,780,000
2028
4.00%
815,000
185,025
185,025
370,050
1,185,050
10,965,000
2029
4.00%
850,000
168,725
168,725
337,450
1,187,450
10,115,000
2030
3.00%
880,000
151,725
151,725
303,450
1,183,450
9,235,000
2031
3.00%
910,000
138,525
138,525
277,050
1,187,050
8,325,000
2032
3.00%
935,000
124,875
124,875
249,750
1,184,750
7,390,000
2033
3.00%
965,000
110,850
110,850
221,700
1,186,700
6,425,000
2034
3.00%
995,000
96,375
96,375
192,750
1,187,750
5,430,000
2035
3.00%
1,025,000
81,450
81,450
162,900
1,187,900
4,405,000
2036
3.00%
1,055,000
66,075
66,075
132,150
1,187,150
3,350,000
2037
3.00%
1,085,000
50,250
50,250
100,500
1,185,500
2,265,000
2038
3.00%
1,115,000
33,975
33,975
67,950
1,182,950
1,150,000
2039
3.00%
1,150,000
17,250
17,250
34,500
1,184,500
-
Call Option: Bonds maturing on 05/01/2029 to 05 0112033 callable in whole or in part on any date beginning 05 0112028 @ par.
14
CITY OF HOUSTON
UNTREATED WATER RATES
Effective
Month/Year
Rate
04/81
.22142
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 UP TO 13.1 MGD. IF WE GO OVER, THEN 50o ADDED TO
ANYTHING OVER 11.9
06/04
.385 UP TO 13.1 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER 11.9
04/05
.398 UP TO 17.38 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER 15.8
04/06
.4123 UP TO 17.38 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER 15.8
04/07
.4238 UP TO 17.38 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER 15.8
04/08
.4314 UP TO 17.38 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER 15.8
04/09
.4533 UP TO 17.38 MGD. IF WE GO OVER, THEN 505 ADDED TO
ANYTHING OVER 15.8
04/10
.4546 UP TO 20.00 MGD. IF WE GO OVER, THEN 50o ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
06/10
.5647 UP TO 20.0 MGD. IF WE GO OVER, THEN 50o ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM
04/11
.5754 UP TO 20.0 MGD. IF WE GO OVER, THEN 50o ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
04/12
.59439 UP TO 20.0 MGD. IF WE GO OVER, THEN 50o ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
04/13
.61580 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
04/14
.6232 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
04/15
.6506 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
04/16
.6597 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
04/17
.6821 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM
04/I8
.7012 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
04/19
.7208 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
Is
TREATED WATER RATES
City
Other
Rate/1,000
Rate/1,000
Increase-
Increase -
Year
gallons
Gallons
city
Other
Comments
1981
$0.97
$0.97
1985 - 1987
1 $0.97
$1.00
$0.00
$0.03
Result of rising operating cost. (Raw water rates
1988 - 1992
$1.07
$1.10
$0.10
$0.10
up 25%
1993 - 1998
$1.18
$1.21
$0.11
$0.11
Result of increase in raw water rates.
1999 - 2006
$1.26
$1.29
$0.08
$0.08
Funding for plant expansion debt
Funding for new water line debt and City o
2006-2007
$1.39
$1.42
$0.13
$0.13
Houston rate increase.
Funding for new water line debt and City o
2007-2008
$1.46
$1.49
$0.07
$0.07
Houston rate increase.
Funding for new water line debt, other operating
2008-2009
$1.55
$1.58
$0.09
$0.09
increases and City of Houston rate increase.
Funding for new water line debt, other operating
2009-2010
$1.71
$1.74
$0.16
$0.16
increases and City of Houston rate increase.
Funding for new water line debt, other operating
2010-2011
$1.96
$1.99
$0.25
$0.25
increases and City of Houston rate increase.
Funding for new water line debt, other operating
2011-2012
$2.15
$2.18
$0.19
$0.19
increases and City of Houston rate increase.
Funding for new water line debt, other operating
2012-2013
$2.35
$2.39
$0.20
$0.21
increases and City of Houston rate increase.
Funding for new water line debt, other operating
2013-2014
$2.53
$2.57
$0.18
$0.18
increases and City of Houston rate increase.
Funding for new water line debt, other operating
2014-2015
$2.61
$2.65
$0.08
$0.08
increases and City of Houston rate increase.
Funding for new water line debt, other operating
2015-2016
$2.74
$2.78
$0.13
$0.13
increases and City of Houston rate increase.
Excess revenues are sufficient to cover
2016-2017
$2.74
$2.78
$0.00
$0.00
incremental operating cost.
Excess revenues are sufficient to cover
2017-2018
$2.74
$2.78
$0.00
$0.00
incremental operating cost.
Funding for the BAWA East Treatment Plant,
other operating increases and City of Houston
2018-2019
$2.82
$2.86
$0.08
$0.08
rate increase.
Excess revenues are sufficient to cover
2019-2020
$2.82
$2.86
$0.00
$0.00
incremental operating cost.