Ordinance No. 14,449ORDINANCE NO. 14,449
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, APPROVING THE BUDGET FOR THE BAYTOWN AREA WATER
AUTHORITY (BAWA) FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
2020, AND ENDING SEPTEMBER 30, 2021; 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, 2020, and ending
September 30, 2021; 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 for the fiscal year beginning October 1, 2020, and
ending September 30, 2021. 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 23rd day of July, 2020. 6
BRANDON CAPETILL , Mayor
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C
LE ILIA BRYSCH, Ci Clerk y,�y5 dry p�
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APPROVED AS TO FORM: of •
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KAREN L. HORNER, Interim City Attorney
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BAYTOWN AREA WATER
AUTHORITY (BAWA)
ANNUAL PROGRAM OF SERVICES
2020-21
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 Waterj
+ Authority
--F
Board of Directors
. General Manager
Plant
Manager/Director of
Public Works &
Imo
Utilities
.,
Superintendent
BAYTOWN AREA WATER AUTHORITY
MAJOR BUDGET ISSUES
FISCAL YEAR 2020-21
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 2020-21 proposed budget estimates sales of $14,379,596 for an average of 13.5 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 consist of a 3% bump to
$2.90 per 1,000 gallons for the City of Baytown and $2.95 per 1,000 gallons for customers
outside the city for the 2020-21 budget.
EXPENDITURES
Total operating expenditures for the proposed 2020-21 budget are $9,152,115 which is an
increase of $15,653 from the 2019-20 budget. An increase of $502,316 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 Human
Resources, Fiscal Operations, Legal and Information Technology Services. Highlights of major
operating changes are as follows:
• Increase in personnel services $ 103,941
• Decrease in supplies (132,831)
• Decrease in maintenance (32,000)
• Increase in services 76,543
• Decrease in capital outlay (92,124)
• Decrease in transfers out -debt service (225,390)
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 (3.5%) from $0.7208 to $0.7460 on April 1, 2020. 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.
4
BAYTOWN AREA WATER AUTHORITY
MAJOR BUDGET ISSUES
FISCAL YEAR 2020-21
Debt Service — The transfer to cover the debt service requirement for the proposed 2020-21
budget is $3,515,370. 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 Chemical Feed $2,813,811
The Baytown Area Water Authority (BAWA) Fritz Lanham, Surface Water Treatment Plant
(SWTP) plant main chemical disinfection system which is based on an anhydrous ammonia
system is at the end of its service life. This project includes replacing the disinfection system
with a safer system of liquid ammonia sulfate. The project will also replace the bulk storage
tanks for fluoride, caustic, zinc, ferric chloride, and polymer, as well as the associated chemical
pumps, feed lines and sludge system. The costs represent the project design and construction
costs.
BAWA East Plant Sanitary Sewer $160,000
This project entails the installation of a sanitary sewer line (gravity or force main) from BAWA
East Surface Water Plant to CCID #1 to treat the plant's sanitary sewer. This line will connect
into the CCID No. 1 sanitary sewer system located in the vicinity of the undeveloped property to
the south of the plant. These costs represent the project design and construction costs.
BAWA Raw Water Rehabilitation $200,000
The existing forebay liner is HDPE and has several tears and holes, which cause water loss of
metered and paid raw water. The existing raw water pumps and motors are deteriorated and are
at the end of useful life. Multiple pumps raw water pumps have been rebuilt over the years, and
contain no original equipment manufacturer parts. The addition of VFD pumps will allow staff to
better control raw water production over the year, especially at peak flow requirement times.
These costs represent the project design costs.
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 2020-21 proposed budget, BAWA's working capital level at year end is projected to
represent 107 days of operating expenditures plus we are able to transfer out $2,258,192 to
BAWA's Capital Improvement Project Fund (CIPF). The $2,258,192 will be available for
funding future capital projects.
5
3070 BAYTOWN AREA WATER AUTHORITY — PROGRAM SUMMARY
Program Description
BAWA operates and maintains a 31.898 Million Gallon per Day (MGD) surface water treatment facility. 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 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
2018-19 2019-20 2019-20 2020-21
Revenues
Sale of Water - Baytown $
11,923,502 $
12,449,362 $
12,307,902 $
12,653,923
Sale of Water - Other
1,639,432
1,643,872
1,386,859
1,725,673
Interest Revenue
125,214
45,000
45,000
65,000
Miscellaneous
779
-
78
-
Transfers In From WWIS Fund
112,970
111,036
111,036
117,227
Transfers in From Capital Projects
28,258,526
-
-
-
Total Revenues
42,060,424
14,249,270
13,850,876
14,561,823
Expenditures
Personnel Services
1,381,421
1,827,183
1,645,253
1,931,124
Supplies
4,172,187
6,108,827
5,165,348
5,975,996
Maintenance
270,524
299,500
246,101
267,500
Services
627,198
900,952
933,652
977,495
Total Operating 6,451,330
9,136,462
7,990,354
9,152,115
Capital Outlay
- 290,124
290,124
198,000
Transfers Out - Debt Service
2,429,518 3,740,760
3,740,760
3,515,370
Transfers Out - Capital Improvement
5,790,159 2,788,023
2,788,023
2,258,192
Transfers Out - General Fund
350,000 350,000
350,000
350,000
Contingency
- 75,000
75,000
-
Total Expenditures 15,021,007 16,380,369 15,234,261 15,473,677
Excess (Deficit) Revenues
Over Expenditures 27,039,416 (2,131,099) (1,383,385) (911,853)
GAAP to budget basis adjustment (28,233,043) - - -
Working Capital - Beginning 6,164,374 4,970,747 4,970,747 3,587,362
Working Capital - Ending $ 4,970,747 $ 2,839,648 $ 3,587,362 $ 2,675,509
Days of Operating Expenditures 281 113 164 107
3070 BAYTOWN AREA WATER AUTHORITY- SERVICE LEVEL BUDGET
Actual
Budget
Estimated
Proposed
IAcct# Acct Description
2018-19
2019-20
2019-20
2020-21
7100 Personnel Services
71011 Extra Help/Temporary
$ 4,739 $
-
$ -
$
71031 Contract Personnel BAWA
1,376,683
1,827,183
1,645,253
1,931,124
Total Personnel Services
1,381,421
1,827,183
1,645,253
1,931,124
7200 Supplies
72001 Office Supplies
3,329
5,700
5,700
6,500
72002 Postage Supplies
285
710
710
400
72007 Wearing Apparel
5,633
8,050
9,166
13,400
72016 Motor Vehicle Supplies
4,594
10,000
6,500
10,000
72021 Minor Tools
198
4,000
4,000
4,000
72022 Fuel For Generators
5,603
10,000
7,000
10,000
72026 Cleaning & Janitorial Sup
2,065
4,200
2,500
4,400
72031 Chemical Supplies
826,150
1,210,508
875,000
1,210,508
72032 Medical Supplies
632
1,600
1,600
1,600
72041 Educational Supplies
1,461
2,000
2,000
2,000
72051 Untreated Water Supplies
3,297,885
4,778,760
4,177,872
4,680,188
72055 Laboratory Supplies
24,352
73,300
73,300
33,000
Total Supplies
4,172,187
6,108,827
5,165,348
5,975,996
7300 Maintenance
73011 Buildings Maintenance
94,340
7,000
12,601
10,500
73023 Water Distrib Sys Maint
19,480
-
-
-
73025 Streets Sidewalks & Curbs
-
73026 Storm Drains Maint
-
-
-
-
73027 Heat & Cool Sys Maint
3,146
5,500
5,500
13,000
73028 Electrical Maintenance
35,767
48,000
48,000
52,000
73041 Furniture/Fixtures Maint
1,820
2,000
2,000
2,000
73042 Machinery & Equip Maint
128,283
229,000
170,000
182,000
73043 Motor Vehicles Maint
7,168
8,000
8,000
8,000
Total Maintenance
290,004
299,500
246,101
267,500
7400 Services
74001 Communication
-
-
-
-
74002 Electric Service
432,252
574,000
515,000
650,000
74011 Equipment Rental
9,685
20,000
15,000
20,000
74021 Special Services
135,888
277,000
377,000
271,543
74022 Audits
16,352
16,352
16,352
16,352
74026 Janitorial Services
-
-
-
6,000
74036 Advertising
730
600
600
600
74042 Education & Training
12,811
12,800
9,500
12,800
74280 Bonds
-
200
200
200
Total Services
607,718
900,952
933,652
977,495
Total Operating
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
6,451,330 9,136,462 7,990,354 9,152,115
- 255,124 255,124 93,000
- 35,000 35,000 105,000
290,124 290,124 198,000
2,429,518 3,740,760 3,740,760 3,515,370
5,790,159 2,788,023 2,788,023 2,258,192
350,000 350,000 350,000 350,000
8,569,677 6,878,783 6,878,783 6,123,562
- 75,000 75,000
75,000 75,000
TOTAL DEPARTMENT $ 15,021,007 $ 16,380,369 $ 15,234,261 $ 15,473,677
BAWA - CAPITAL IMPROVEMENT PROGRAM FUND 518
BUDGET SUMMARY BY FUND
Total
Actual Total Allocation Estimated Allocation
2018-19 2019-20 2019-20 2020-21
Revenues
Transfer In from Operating Fund $
5,790,159 $
2,788,023
$ 2,788,023
$ 2,258,192
Interest Revenue
227,664
55,190
112,381
50,000
Total Revenues
6,017,823
2,843,213
2,900,404
2,308,192
Expenditures
BAWA East Plant
1,762,950
6,804,959
8,707,359
-
Completed and closed projects
345,555
-
-
-
High Service Pumps
976,186
-
117,794
-
BAWA Chemical Feed
5,440
2,269,652
744,000
2,813,811
Ground Storage Tanks Rehabilitation
26,368
-
42,380
-
BAWA East Transmission Line
347
1,450,000
1,344,481
-
Filter Scour
77,469
2,222,988
291,013
-
BAWA East Plant Sanitary Sewer
-
-
-
160,000
BAWA Raw Water Rehabilitation
-
-
-
200,000
New Capital Project Initiatives
-
1,000,000
-
1,457,106
Total Expenditures
3,194,316
13,747,599
11,247,027
4,630,917
Excess (Deficit) Revenues
Over Expenditures 2,823,508 (10,904,386) (8,346,623) (2,322,725)
Working Capital - Beginning 7,845,840 $ 10,669,348 $ 10,669,348 $ 2,322,725
Working Capital - Ending $ 10,669,348 $ (235,039) $ 2,322,725 -
9
BAYTOWN AREA WATER AUTHORITY REVENUE BONDS
LONG TERM DEBT AMORTIZATION SCHEDULES
Revenue Amount of
Bonds Issue
Principal
Outstanding
Oct. 1, 2020
Principal & Interest
Requirements for 2020-21
Principal
Outstanding
Sept. 30, 2021
Principal Interest Total
Series 2006 $ 9,975,000 $
1,425,000
$ 735,000 $
41,670 $
776,670 $
690,000
Series 2012 8,315,000
4,025,000
290,000
121,200
411,200
3,735,000
Series 2018 22,040,000
22,040,000
135,000
1,006,650
1,141,650
21,905,000
Series 2019 17,315,000
16,675,000
620,000
565,850
1,185,850
16,055,000
$
44,165,000
$ 1,780,000 $
1,735,370 $
3,515,370 $
42,385,000
Combined BAWA Debt, All Series
Debt Requirements to Maturity
Fiscal
Principal
Total
Total
Year
5/01
Interest
Requirement
2021
1,780,000
1,735,370
3,515,370
2022
1,835,000
1,676,706
3,511,706
2023
1,970,000
1,613,294
3,583,294
2024
2,005,000
1,528,994
3,533,994
2025
2,040,000
1,442,668
3,482,668
2026
2,080,000
1,354,218
3,434,218
2027
2,120,000
1,264,268
3,384,268
2028
2,160,000
1,172,400
3,332,400
2029
2,250,000
1,078,588
3,328,588
2030
2,345,000
980,888
3,325,888
2031
2,440,000
887,250
3,327,250
2032
2,540,000
789,226
3,329,226
2033
2,640,000
686,850
3,326,850
2034
2,755,000
574,150
3,329,150
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
$44,165,000
$ 18,075,670
$ 62,240,670
ID
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 Duel1/01 Due 5101 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
2.00% $
485,000 $
123,050 $
103,500
$ 226,550 $
711,550 $
7,830,000
2014
2.00%
510,000
98,650
98,650
197,300
707,300
7,320,000
2015
2.00%
520,000
93,550
93,550
187,100
707,100
6,800,000
2016
2.00%
535,000
88,350
88,350
176,700
711,700
6,265,000
2017
2.00%
540,000
83,000
83,000
166,000
706,000
5,725,000
2018
2.00%
550,000
77,600
77,600
155,200
705,200
5,175,000
2019
2.00%
570,000
72,100
72,100
144,200
714,200
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 0510IJ2032 callable in whole or in part on any date beginning 05/01/2022 (ay par
11
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 5101 Duell/01 Due 5/01 Interest Requirement Outstanding
2019
$ - $
426,771
$ 512,125
$ 938,896 $
938,896 $
22,040,000
2020
0.00%
-
503,325
503,325
1,006,650
1,006,650
22,040,000
2021
5.00%
135,000
503,325
503,325
1,006,650
1,141,650
21,905,000
2022
5.00%
205,000
499,950
499,950
999,900
1,204,900
21,700,000
2023
5.00%
1,000,000
494,825
494,825
989,650
1,989,650
20,700,000
2024
5.00%
1,000,000
469,825
469,825
939,650
1,939,650
19,700,000
2025
5.00%
1,000,000
444,825
444,825
889,650
1,889,650
18,700,000
2026
5.00%
1,000,000
419,825
419,825
839,650
1,839,650
17,700,000
2027
5.00%
1,000,000
394,825
394,825
789,650
1,789,650
16,700,000
2028
5.00%
1,000,000
369,825
369,825
739,650
1,739,650
15,700,000
2029
5.00%
1,040,000
344,825
344,825
689,650
1,729,650
14,660,000
2030
5.00%
1,095,000
318,825
318,825
637,650
1,732,650
13,565,000
2031
5.00%
1,145,000
291,450
291,450
582,900
1,727,900
12,420,000
2032
5.00%
1,210,000
262,825
262,825
525,650
1,735,650
11,210,000
2033
5.00%
1,675,000
232,575
232,575
465,150
2,140,150
9,535,000
2034
4.00%
1,760,000
190,700
190,700
381,400
2,141,400
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 $
6,564,921
$ 6,650,275
$ 13,215,196 $
35,255,196
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 Duell/01 Due 5/01 Interest Requirement Outstanding
2020
4.00%
$ 640,000 $
248,080 $
295,725 $
543,805
$ 1,183,805 $
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
-
$ 17,315,000 $
3,175,355 $
3,223,000 $
6,398,355
$ 23,713,355
Call Option: Bonds maturing on 05/01/2029 to 0510IJ2033 callable in whole or in part on any date beginning 05 01 2028 (t. par.
IN
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 5% 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 5% ADDED TO
ANYTHING OVER 15.8
04/10
.4546 UP TO 20.00 MGD. IF WE GO OVER, THEN 5% 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 5% 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 5% 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 5% 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 50' 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.
04/18
.7012 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
4/19
.7208 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
4/20
.7460 UP TO 20.0 MGD. IF WE GO OVER, THEN 5% ADDED TO
ANYTHING OVER. BAWA EAST (2nd TAKE POINT) 6 MGD MINIMUM.
13
TREATED WATER RATES
City
Other
Rate/1,000
Rate/1,000
Increase-
Increase -
Year
gaHons
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
12020-2021
$2.82
$2.86
$0.00
$0.00
incremental operating cost.
$2.90
$2.95
$0.08
$0.09
Funding for City of Houston rate increase.
14