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Ordinance No. 9,224ORDINANCE NO. 9224 ® AN ORDINANCE APPROVING THE BUDGET FOR THE BAYTOWN AREA WATER AUTHORITY (BAWA) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2001, AND ENDING SEPTEMBER 30,2002; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, the Board of Directors of the Baytown Area Water Authority (BAWA) has adopted a budget for BAWA for the fiscal year beginning October 1, 2001, and ending September 30, 2002; and WHEREAS, the General Manager of BAWA has submitted said budget to the City Council of the City of Baytown for approval; and WHEREAS, after full and final consideration, it is the opinion of the City Council of the City of Baytown that the budget should be approved; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown, Texas, hereby approves the budget of the Baytown Area Water Authority (BAWA) for the fiscal year beginning October 1, 2001, and ending September 30, 2002, in the amount of SIX MILLION SEVEN HUNDRED FIFTY - EIGHT THOUSAND FOUR HUNDRED EIGHTEEN AND NO /100 DOLLARS ($6,758,418.00). A copy of the above referenced budget for BAWA is attached hereto, marked Exhibit "A," and made a part hereof for all intents and purposes. Section 2: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 13th day of September, 2001. /. C PETE C. ALFARO, Mayor ATTEST: S iTTI H, City Clerk APPROVND AS TO FORM: ACIO RAMIREZ, SU City Attorney d A\MyDocuments\ Council\ 00 -01 \September\AdoptBAWABudget01 -02 � Baytown Area Water Authority (BAWA) ANNUAL PROGRAM OF SERVICES 2001 -02 PROPOSED BUDGET Submitted To Baytown Area Water Authority Board July 31, 2001 Monte Mercer • Fred Pack Donna Sams Q=IT A General Manager Plant Manager Director of Finance 0 BAYTOWN AREA WATER AUTHORITY BOARD OF DIRECTORS ROBERT L. GILLETTE, President DAN MUNDINGER, Vice President PETER R. BUENZ, Secretary KNOX BEAVERS SAM T. SCHULZE BAYTOWN AREA WATER AUTHORITY .MAJOR BUDGET ISSUES FISCAL YEAR 2001 -02 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. The City comprises approximately 88% of BAWA's annual sales. BAWA is a separate legal entity; however, it is considered a component unit of the City. REVENUES The 2001 -02 budget projects sales of $5,579,956 for 12.1 million gallons per day (MGD) based upon average rainfall years. Fluctuations to average rainfall can significantly impact actual sales. No increases are projected to BAWA's current rate structure of $1.26 per 1,000 gallons for the City of Baytown and $1.29 per 1,000 gallons for customers outside the city. Since the inception of the BAWA plant in April 1981, there have been three rate increases in 1988, 1993 and 1999. The 1999 increase provided funding for the issuance of debt for plant expansion. EXPENDITURES Total proposed operating expenditures for the 2001 -02 budget are $6,136,345, an increase of $577,707 or 10.4 %. These expenses exclude the CIP transfer discussed in the Capital Improvement Program section. Highlights of major increases include: • An increase of $55,235 in electrical costs. • Operational increases of $67,545 in personnel services that includes increases in health care costs and market and merit adjustments. • Projected increase of $71,400 for increases in water volume and related chemical expenditures. • Replacement of a 1989 truck and a 1983 tractor for $45,000. • Lagoon cleaning and tank inspection of $50,000. • The debt service payment had a net increase of $295,739 which primarily included the first year payment for bonds that will be issued in 2002 totaling $4,403,000 (See Capital Improvement Program for additional information). 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 2020 and sets the maximum amount of raw water to be delivered to the BAWA plant at 11.9 MGD without penalties. BAWA anticipates no rate increase from the City of Houston for next year; therefore, there will be no pass through increase in the cost of raw water for the 2002 fiscal year. The surcharge for water purchased over the 11.9 MGD is nominal at this time. Debt Service — The current debt service requirement for 2001 -02 is $2,329,258. This includes an increase of $377,927 for new debt issuance and $1,951,331 for existing debt. Two of the five bond issues outstanding will be paid off by fiscal year 2003. The pay off of these bonds provides is debt capacity for future bond issues. 1 ® CAPITAL IMPROVEMENT PROGRAM The BAWA Surface Water Treatment Plant expansion should be completed by the fall of 2001 and will increase the current rating of 13 MGD to an estimated 19.5 MGD. The expanded plant will be able to produce approximately 26 MGD on a short-term basis, if necessary. The additional plant capacity will be available for the. first quarter of the year 2002. C] A comprehensive rate study was conducted in 2001 to address the potential impact the new customers would have on the existing rates and plant capacity. BAWA has experienced no shortages of raw water supply to the plant or interruptions to service to its customers. As part of the study, BAWA plans to upgrade plant capacity to 26 MGD. Revenue bonds totaling $4,403,000 will be issued in 2002 for this project. There is currently one line supplying water to BAWA's major customer, the City of Baytown. A second line is planned in 2003 at an estimated cost of $3,500,000. The 2002 budget includes a transfer to the BAWA Capital Improvement Program (CIP) of $622,073, which represents non - operating revenues received from a mineral royalty. Utilizing non - operating funds in the CIP program will reduce the amount of debt issued in the future. 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 45 to 60 days. Working capital is defined as current assets (e.g. cash, investments, accounts receivable) less current liabilities (e.g. accounts payable). Projected working capital is estimated to be 68 days as of September 2002. 2 C CITY OF BAYTOWN BAYTOWN AREA WATER AUTHORITY FUND 510 BUDGET SUMMARY BY FUND I Actual Budget Estimated Base Proposed I 1999 -00 2000 -01 2000 -01 2001 -02 2001 -02 Revenues 650,795 698,119 697,133 765,664 765,664 Sale of Water - Baytown $ 4,866,249 $ 4,856,544 $ 4,899,825 $ 4,927,829 $ 4,927,829 Sale of Water - Other 646,075 635,648 647,419 652,127 652,127 Interest Revenue 91,816 - 66,968 40,000 40,000 Mineral Royalties 273,341 127,604 499,988 250,000 250,000 Total Revenues 5,877,481 5,619,796 6,114,200 5,869,956 5,869,956 Expenditures Personal Services 650,795 698,119 697,133 765,664 765,664 Supplies 2,049,198 2,191,200 2,232,762 2,258,500 2,258,500 Maintenance 124,969 148,800 143,300 152,200 202,200 Services 428,047 447,000 479,352 495,723 495,723 Total Operating 3,253,009 3,485,119 3,552,547 3,672,087 3,722,087 Capital Outlay - - - 45,000 45,000 Transfers Out - Debt 2,033,874 2,033,519 2,031,019 1,951,331 2,329,258 Transfers Out - Capital Improvement - - - - 622,073 Contingency - 40,000 - 40,000 40,000 Total Expenditures 5,286,883 5,558,638 5,583,566 5,708,418 6,758,418 Excess (Deficit) Revenues Over Expenditures Working Capital -Beginning Working Capital - Ending No. of Working Capital Days 590,598 61,158 530,634 161,538 (888,462) 1,033,075 1,623,673 1,623,673 2,154,307 2,154,307 $ 1,623,673 $ 1,684,831 . $ 2,154,307 $ 2,315,845 $ 1,265,845 112 111 141 148 68 CITY OF BAYTOWN BAYTOWN AREA WATER AUTHORITY FUND 510 OPERATING RESULTS Actual Budget Estimated Base Proposed 1999 -00 2000 -01 2000 -01 2001 -02 2001 -02 Operating Revenues Sale of Water - Baytown $ 4,866,249 $ 4,856,544 $ 4,899,825 $ 4,927,829 $ 4;927,829 Sale of Water - Other 646,075 635,648 647,419 652,127 652,127 Total Revenues 5,512,324 5,492,192 5,547,244 5,579,956 5,579,956 Operating Expenses Personal Services 650,795 698,119 697,133 765,664 765,664 Raw Water Purchases 1,591,274 1,610,000 1,613,000 1,625,000 1,625,000 Supplies 457,924 581,200 619,762 633,500 633,500 Maintenance 124,969 148,800 143,300 152,200 202,200 Services 428,047 447,000 479,352 535,723 535,723 Depreciation 418,230 443,635 341,775 481,905 481,905 Total Expenditures 3,671,239 3,928,754 3,894,322 4,193,992 4,243,992 Operating Income (Loss) 1,841,085 1,563,438 1,652,922 1,385,964 1,335,964 Non - operating Interest Revenue and Other 365,157 127,604 566,956 290,000 290,000 Interest Expenses and Other (683,874) (823,519) (781,019) (701,331) (957,078) Transfers out - Capital Improvement - - - (622,073) Total Non - operating Expenses (318,717) (695,915) (214,063) (411,331) (1,289,151) Net Income (Loss) $ 1,522,368 $ 867,523 $ 1,438,859 $ 974,633 $ 46,813 onciliation of Net Income (Loss) to Revenues Over (Under) Expenses: Income (Loss) $ 1,522,368 $ 867,523 $ Principal Debt Retirement (1,350,000) (1,250,000) Capital Outlay - - Depreciation 418,230 443,635 enues Over (Under) Expenditures $ 590,598 $ 61,158 $ 4 1,438,859 $ 974,633 $ (1,250,000) (1,250,000) - (45,000) 341,775 481,905 530,634 $ 161,538 $ 46,813 (1,372,180) 481 v CITY OF BAYTOWN SERVICE LEVEL BUDGET 3070 TOWN AREA WATER AUTHORITY Actual Budget Estimated Base Proposed Acct# Acct Description 1999 -00 2000 -01 2000 -01 2001 -02 2001 -02 7100 Personal Services 71031 Contract Personal Services $ 650,795 $ 698,119 $ 697,133 $ 765,664 $ 765,664 Total Personal Services 650,795 698,119 697,133 765,664 765,664 7200 Supplies 72001 Office 3,760 2,500 2,500 2,500 2,500 72002 Postage 444 600 500 500 500 72007 Wearing Apparel 5,179 7,000 6,000 6,000 6,000 72016 Motor Vehicle 4,468 3,500 4,000 4,500 4,500 72021 Minor Tools 847 2,800 2,800 2,800 2,800 72026 Cleaning & Janitorial 1,544 2,000 1,500 2,000 2,000 72031 Chemical 418,459 516,000 522,000 532,800 532,800 72032 .Medical 574 600 600 600 600 72041 Educational 761 1,200 1,200 1,200 1,200 72051 Untreated Water 1,591,274 1,625,000 1,665,662 1,679,600 1,679,600 72055 Laboratory Supplies 21,888 30,000 26,000 26,000 26,000 Total Supplies 2,049,198 2,191,200 2,232,762 2,258,500 2,258,500 7300 Maintenance 73011 Buildings . 2,608 3,000 3,000 3,000 3,000 73021 Filtration Plants 3,781 8,000 5,000 8,000 58,000 73022 Sanitary Sewers - 600 600 600 600 73025 Streets Sidewalks & Curbs 85 700 700 700 700 73027 Heating & Cooling System 2,915 4,000 4,000 4,400 4,400 73028 Electrical Maintenance 16,394 50,000 30,000 50,000 50,000 73041 Furniture & Fixtures 1,451 1,000 2,000 1,000 1,000 73042 Machinery & Equipment 91,734 75,000 90,000 75,000 75,000 73043 Motor Vehicles 6,001 6,000 8,000 9,000 9,000 73045 Radio & Testing Equipment - 500 - 500 500 Total Maintenance 124,969 148,800 143,300 152,200 202,200 7400 Services 74001 Communication 9,700 10,000 10,000 10,000 10,000 74002 Electric Service 359,913 355,000 406,845 410,235 410,235 74011 Hire Of Equipment 5,995 8,000 5,000 8,000 8,000 74012 Insurance 20,412 24,000 18,807 21,358 21,358 74021 Special Services 6,899 18,500 7,000 12,500 12,500 74022 Audits 8,010 9,000 9,000 10,800 10,800 74036 Advertising 792 600 800 800 800 74041 Travel & Reimbursables 3,090 4,000 4,000 4,000 4,000 74042 Education & Training 7,050 11,500 11,500 11,500 11,500 74051 Rents 5,865 5,400 5,400 5,400 5,400 74071 Association Dues 321 1,000 1,000 1,130 1,130 Total Services 428,047 447,000 479,352 495,723 495,723 5 v CITY OF BAYTOWN SERVICE LEVEL BUDGET 3070 BAYTOWN AREA WATER AUTHORITY Actual Budget Estimated Base Proposed Acct## Acct Description 1999 -00 2000 -01 2000 -01 2001 -02 2001 -02 9900 Contingencies 99001 Contingencies - 40,000 - 40,000 40,000 Total Contingencies - 40,000 - 40,000 40,000 TOTAL DEPARTMENT $ 5,286,883 $ 5,558,638 $ 5,583,566 $ 5,708,418 $ 6,758,418 J Total Operating 3,253,009 3,485,119 3,552,547 3,672,087 3,722,087 8000 Capital Outlay 84043 Motor Vehicles - - - '45,000 45,000 Total Capital Outlay - - - 45,000 45,000 9000 Other Financing Uses 91511 To BAWA Debt Service 2,033,874 2,033,519 2,031,019 1,951,331 2,329,258 91517 To BAWA Capital Improv - - - - 622,073 Total Other Financing Uses 2,033,874 2,033,519 2,031,019 1,951,331 2,951,331 9900 Contingencies 99001 Contingencies - 40,000 - 40,000 40,000 Total Contingencies - 40,000 - 40,000 40,000 TOTAL DEPARTMENT $ 5,286,883 $ 5,558,638 $ 5,583,566 $ 5,708,418 $ 6,758,418 J Ll CITY OF BAYTOWN BAYTOWN AREA WATER AUTHORITY REVENUE BONDS LONG TERM DEBT AMORTIZATION SCHEDULES Amount Requirements Amount Revenue. Amount of Outstanding Fiscal Year 2001 -02 Outstanding Bonds Issue October, 2001 Principal I Interest I Total Sept., 2002 Series, 1979 $ 2,500,000 $ 1,250,000 $ 1,250,000 $ 79,688 $ 1,329,688 $ - Series, 1994 815,000 815,000 - 48,493 48,493 815,000 Series, 1997 1,350,000 1,350,000 - 67,006 67,006 1,350,000 Series, 1999 9,095,000 9,095,000 - 506,145 506;145 9,095,000 Subtotal 490,000 12,510,000 1,250,000 701,331 1,951,331 11,260,000 Series, 2001 (estimated) 4,403,000 550,000 122,180 255,747 377,927 4,280,820 392,195 $ 12,510,000 $ 1,372,180 $ 957,078 $ 2,329,258 $ 15,540,820 Combined BAWA Debt, All Series Debt Requirements to Maturity Fiscal Principal Total Total Year 5/01 Interest Requirement 2002 1,250,000 701,331 1,951,331 2003 1,015,000 621,644 1,636,644 2004 415,000 558,401 973,401 2005 440,000 534,733 974,733 2006 465,000 509,415 974,415 2007 490,000 482,500 972,500 2008 520,000 454,080 974,080 2009 550,000 423,545 973,545 2010 585,000 392,195 977,195 2011 610,000 362,945 972,945 2012 645,000 331,835 976,835 2013 675,000 298,618 973,618 2014 710,000 263,518 973,518 2015 745,000 225,888 970,888 2016 785,000 186,030 971;030 2017 825,000 143,640 968,640 2018 870,000 99,090 969,090 2019 915,000 51,240 966,240 $ 12,510,000 $ 6,640,646 $ 19,150,646 7 Combined BAWA Debt, All Series OInterest Debt Requirement to Maturity 2.500 ■Principal 2.000 C T = a C pp 1.500 0 7 1.000. E ° Q = 0.500 0.000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Fiscal Year 7 CITY OF BAYTOWN BAYTOWN AREA WATER AUTHORITY REVENUE BONDS DETAIL DEBT AMORTIZATION SCHEDULES Fiscal Interest Principal Interest Interest Annual Principal Total Year Rate Due 5/01 Due 5/01 Due 11 /01 Requirement Outstanding Outstanding Revenue Bond, Series 1979 Date of Issue - September 1, 1979 Term - 23 Years 2000 7.30% $ - $ 79,688 $ 79,688 $ 159,375 $ 2,500,000 $ 2,739,063 2001 7.30% 1,250,000 79,688 79,688 1,409,375 1,250,000 1,329,688 2002 7.30% 1,250,000 39,844 39,844 1,329,688 - - $ 2,500,000 $ 199,219 $ 199,219 $ 2,898,438 Revenue Bond, Series 1994 Date of Issue - November 1, 1994 Term - 9 Years) 2000 5.95% $ - $ 24,246 $ 24,246 $ 48,493 $ 815,000 $ 960,478 2001 5.95% - 24,246 24,246 48,493 815,000 911,985 2002 5.95% - 24,246 24,246 48,493 815,000 863,493 2003 5.95% 815,000 24,246 24,246 863,493 - - $ 815,000 $ 96,985 $ 96,985 $ 1,008,970 Revenue Bond, Series 1997 Date of Issue - December 4, 1997 Term -10 Years 2000 $ - $ 33,503 $ 33,503 $ 67,006 $ 1,350,000 $ 1,715,523 2001 - 33,503 33,503 67,006 1,350,000 1,648,516 2002 - 33,503 33,503 67,006 1,350,0001 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 $ 16,019,675 2000 5.565% $ - $ 253,073 $ - $ 253,073 $ 9,095,000 15,766,603 2001 5.565% - 253,073 253,073 506,145 9,095,000 15,260,458 2002 5.565% - 253,073 253,073 506,145 9,095,000 14,754,313 2003 5.565% - 253,073 253,073 506,145 9,095,000 14,248,168 2004 7.000% 210,000 253,073 253,073 .716,145 8,885,000 13,532,023 2005 7.000% 225,000 245,723 245,723 716,445 8,660,000 12,815,578 2006 7.000% 235,000 237,848 237,848 710,695 8,425,000 12,104,883 2007 7.000% 245,000 229,623 229,623 704,245 8,180,000 11,400,638 2008 7.000% 265,000 221,048 221,048 707,095 7,915,000 10,693,543 2009 5.700% 550,000 211,773 211,773 973,545 7,365,000 9,719,998 2010 5.000% 585,000 196,098 196,098 977,195 6,780,000 8,742,803 2011 5.100% 610,000 181,473 181,473 972,945 6,170,000 7,769,858 2012 5.150% 645,000 165,918 165,918 976,835 5,525,000 6,793,023 2013 5.200% 675,000 149,309 149,309 973,618 4,850,000 5,819,405 2014 5.300% 710,000 131,759 131,759 973,518 4,140,000 4,845,888 2015 5.350% 745,000 112,944 112,944 970,888 3,395,000 3,875,000 2016 5.400% .785,000 93,015 93,015 971,030 2,610,000 2,903,970 2017 5.400% 825,000 71,820 71,820 968,640 1,785,000 1,935,330 2018 5.500% 870,000 49,545 49,545 969,090 915,000 966,240 2019 5.600% 915,000 25,620 25,620 966,240 - - $ 9,095,000 $ 3,588,874 $ 3,335,801 $ 16,019,675 H