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BAWA Resolution No. 2012-08 RESOLUTION NO, 2012-08 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY ADOPTING A BUDGET FOR T14E ENSUING FISCAL YEAR. BEGINNING OCTOBER 1, 2012, AND ENDING SEPTEMBER 30, 2013: 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, 2012, and ending September 30, 201'); 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 2012-1 3) 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 15"' day of August, 2012. RAKLE� SM 13"R ENI"AB AT ST:",,,-,,,, U'riCIA BRYSCII, As stant Secretary APPROVED AS TO FORM: 6-6NACIO R-AMIRE'Z, SR., Gcq�al Counsel R:\Karen\Files43AWA\Resoltitioii\2012\Ati,,ust 15\Adop12012-13 Budgetdoe Exhibit "A" Baytown Area Water Authority (BAWA) ANNUAL PROGRAM OF SERVICES 2012-13 PROPOSED BUDGET 3 u July gw V � 4 ssl �N 18, 2012 BAYTOWN AREA WATER AUTHORITY l A ORGANIZATION CHART Board as Directors General Manager Plant Manager/ Director of Public Works/ Utilities Superintendent Water Treatment Baytown Area Water Authority BAYTOWN AREA WATER AUTHORITY BOARD OF DIRECTORS BRENDA BRADLEY SMITH, President Ali MUNDINGER, Vice President WAYNE BALD It , Secretary LETIIA BRYSCH, Assistant Secretary JOHN SANDHOP, Director MIKE WILSON, Director E BAYTOWN AREA WATER AUTHORITY 7425 Thompson Road,Baytown,Texas 77521-1056 (281)426-3517 FAX(281)426-3519 July 18,2012 President and Directors of the Baytown Area Water Authority Board Baytown Area Water Authority Baytown, Texas It is ;my pleasure to present the 2012-13 Proposed Budget for the Baytown Area Water Authority (BAWA). The Budget sets forth the revenues and appropriations for the fiscal year October 1, 2012 through September 30, 2011 The financial guidance provided by the Board has resulted in BAWA's ability to maintain a system that consistently provides a dependable and high quality water supply to the City of Baytown and surrounding communities. The construction of the new generator project for BAWA is substantially complete. This project is the construction of a new generator project which will provide electrical power to the entire facility in the event of loss of normal power from the electrical supplier. This project is being funded by non- housing CDBG grant honey as a result of Hurricane Ike. The contract for this project is $2,938,000 and is projected for completion on July a 1, 2012. The construction of the Electrical System Improvements to remove the overhead electrical lines and have them replaced with electrical lines in duct (ranks underground is substantially complete with a projected completion date of July 31, 2012. The project will provide enhanced reliability and safety for the facility. This project, while separate from the Generator project,will provide the construction of an electrical building that will provide housing for the generator electrical switch gear systems and the power transfer switches. A new Supervisory Control and Data Acquisition (SCADA) computer system which assists the operations staff in operation of the plant is currently being designed. Once the design is completed, the implementation of the system will take place. Incorporated in the design is the ability to create better reports and data collection, ability to monitor the raw and treated water better with new instrumentation at the Canal Pump Station, Forebay Pump Station, and the Settled Basin Water Channel (called the recarbonatioan basin in previous documents). This project is expected to take approximately nine months to one year to complete. This project will enhance the operator's ability to operate the pliant. In January of 2006, the EPA approved the Long Term 2 Enhanced Surface Water Treatment (LT2) Rule. With respect to the LT2 rule, systems that serve a population of less than 100,000 will begin the second round of sampling,monitoring and reporting in January 2015. BAWA has managed tough times by planning ahead and being proactive. In May 2009, Burton Associates was retained to perform a rate study to evaluate the adequacy of the revenue provided by its current rates to meet its financial requirements over a five-year planning period and ten-year projection period. The Rate Study was completed and Final Report submitted May 13, 2010. Utilizing the 4 recommendations from the Rate Study will allow BAWA to successfully manage increases in major operating cost components such as: water supply costs from the City of Houston, electricity, chemicals, and medical insurance expenses; as well as the funding of a $20 million five-year capital improvement program. The City of Houston notified BAWA of a 3.3% rate increase effective April 1, 2012, for untreated water purchased from the City of Houston. The rates increased from $0.5754 to $0.59439 per 1,000 gallons. The City of Houston's Code of Ordinances provides that water and sewer rates be adjusted automatically each year in April to reflect the previous year's percentage change to the Houston- Galveston Area Producers Price Index (PPI). Future annual rate adjustments will also be relative to the PPI and population growth. Burton & Associates has calculated the effect of this increase, along with future capital and bond reserve need, and the BAWA Board will consider a rate increase of 9.5%for BAWA's customers. The budget includes this rate increase to adjust for the untreated water rate increases, debt associated with the capital program and to provide a reserve for future capital needs. Rates will be adjusted in future budgets to reflect funding needs based on the rate study and actual operational needs including debt service requirements. The capital improvements and efficient 24/7 operations at BAWA are 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. Sin Y' obert Lip er General Manager 5 MAJOR BUDGET ISSUES Fiscal Year 2012-13 BAYTOWN AREA WATER AUTHORITY 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 90% 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 or interruptions of service to its customers. REVENUES The 2012-13 proposed budget estimates sales of $10,525,834 for an average of 12.25 million gallons per day (MGD). Fluctuations in rainfall amounts can significantly impact actual sales. A 9.5%rate increase as per the Utility Rate Study, effective October 1, 2012, is included in the 2012- 13 budget. The existing rate structure of$2.15 per 1,000 gallons for the City of Baytown and$2.18 per 1,000 gallons for customers outside the city will increase to $2.35 and $2.39 respectively. This would cover the increased cost of operations, including debt service,the purchase of raw water,and provide a reserve for future capital projects. This increase in rates is expected to generate$898,849 in additional revenue. EXPENDITURES Total operating expenditures for the proposed 2012-13 budget are $5,465,048 which is an increase of $146,052 from the 2012-13 budget. The budget also includes a transfer of $250,000 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: • Decrease in personnel services $ (199594) • Increase in supplies (Primarily raw water rate increase) 1389446 • Increase in maintenance 30,650 • Decrease in services (32450) • Increase in capital outlay 3089000 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. The surcharge for water purchased over the 15.8 MGD is nominal at this time. BAWA received notice of a rate increase (3.3%) from $0.5754 to $0.59439 effective April 1, 2012. The annual rate adjustment is 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. 6 MAJOR BUDGET ISSUES Fbeal Year 2012-13 Debt Service—The transfer to cover the debt service requirement for existing debt for the proposed 2012-13 budget is$2,429,733. CAPITAL IMPROVEMENT PROGRAM The Capital Improvement Program for BAWA is funded through the issuance of revenue bonds, grants,and revenue from operations. • Construction to install generators for the BAWA plant through the non-CDBG Housing grants as a result of Hurricane Ike is almost complete. This contract will provide three new 1500 Kilowatt generators that will provide alternate electrical power to the entire BAWA facility. This will allow the facility to operate without normal power once completed. The amount of this contract is$2,938,000 and the projected completion date is July 31,2012. • Construction to replace the existing overhead electrical system with underground power lines and pad mounted transformers is almost complete. The construction will improve the reliability of the electrical system including removal of the old pole mounted transformers and includes a new electrical building to centralize the power for the entire plant. This building also houses the new switch and other associated gear for the generator system. The amount of this contract is 2,490,000 and the projected completion date is July 31,2012. • Preliminary scope and design of a new Supervisory Control and Data Acquisition(SCADA) system for the plant has started. This new SCADA system will enhance the operator's ability to operate the plant. Included in the project is additional instrumentation to assist the operator in monitoring the raw and treated water. 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). The Utility Rate Study/Revenue Sufficiency Analysis completed May 13, 2010 by Burton&Associates recommends BAWA maintain a Working Capital Reserve balance equal to at least 2.5 months of total expenses. In the 2012-13 Budget, BAWA has reached its targeted Working Capital Reserve; a Contingency fund of$75,000; plus be able to transfer out $1,445,000 to BAWA's Capital Improvement Project Fund (CIPF). The $1,445,000 will be available for funding future capital projects, and to help downsize future borrowing requirements. 7 BAYTOWN AREA WATER AUTHORITY FUND 510 BUDGET SUMMARY BY FUND Actual Budget Estimated Proposed 2010-11 2011-12 2011-12 2012-13 Revenues Sale of Water-Baytown $ 81808,195 $ 8,624,403 $9,250,000 $ 99426,673 Sale of Water-Other 1,1170353 1,002,582 1,050,000 1,099,161 Interest Revenue 1,967 2,090 7,000 4,000 Miscellaneous 115,354 - 2,680 - From BAWA CIPF - - - - Transfer From W&S Fund&WWIS Fund 58,100 62,138 62,138 61,038 Total Revenues 10,100,969 9,691,213 10,371,818 10,590,872 Expenditures Personnel Services 923,691 1,0149433 994,136 994,839 Supplies 3,284,958 3,263,740 3,7871,360 3,4029186 Maintenance 1769899 183,150 274,750 2139800 Services 789,531 857,673 863,782 854,223 Total Operating 5,175,079 5,318,996 5,920,028 5,465,048 Capital Outlay 9,336 71,747 71,747 379,747 Transfers Out-Debt Service 2,163,281 2,166,126 29064,208 2,429,733 Transfers Out-General Fund 50,000 250,000 2501,000 250,000 Transfers Out-Capital Improvement 1,110,000 1,445,000 1,445,000 12445,000 Contingency - 75,000 75,000 75,000 Total Expenditures 8,507,696 9,326,869 9,825,983 100044,528 Excess(Deficit)Revenues Over Expenditures 1,5933,273 364,344 5459835 546,344 Working Capital-Beginning 1,120,186 2,769,518 2,769,518 3,315,353 Adj.to convert budget basis to GAAP 56,059 - - Working Capital-Ending $ 2,769,518 $ 3,133,862 $3,315,353 $ 31,861,697 No.of Working Capital Days 119 123 123 140 8 BAWA-CAPITAL IMPROVEMENT PROGRAM FUND 518 BUDGET SUMMARY BY FUND Carried- Carried- Actual forward Adopted Budget Estimated forward Allocation Budget 2010-11 2010-11 2011-12 2011-12 2011-12 2011-12 2012-13 2012-13 Revenues Transfer In from Operating Fund $ 1,110,000 $ - $ 1,445,000 $ 1,445,000 $ 1,4459000 $ - $ 1,445,000 $ 1,445,000 Interest Revenue 1,441 - 1,600 1,600 11400 - 1,400 1,400 Transfer from 2006 TWDB Bonds 589475 - - - FEMA Reimbursements 12,209 - - - - - - Total Revenues 1,123,650 - 1,446,600 1,446,600 1,504,875 - 1,446,400 1,446,400 Expenditures Thompson Rd Utility Relocation - 46,382 - 46,382 46,382 - 46$ 82 BAWA Plant Improvements 226,712 - - - - ' BAWA Miscellaneous Improvements 104,654 45,346 - 45,346 45,346 - - - Power Distribution System 251,523 - - - ' Relocate Line for Wallisville Expansion - 110,000 - 110,000 110,000 - 110,000 Chemical Feed Systems 707,000 7071,000 LAS System Additon - - - - - 393,000 393,000 Capital Projects per Utility Rate Study 445,000 445,000 - - - - o New Capital Project Initiatives - 980,902 1,001,600 1,982,502 1,982,502_ - 1,982,502 Total Expenditures 582,889 19182,630 1,446,600 2,629,230 45,346 2,138,884 1,100,000 3,238,884 Excess(Deficit)Revenues Over Expenditures 540,761 (1,182,630) - (1,182,630) 1,459,529 (2,138,884) 346,400 (1,792,484) Working Capital-Beginning 917,699 1,458,460 - 1,458,460 1,458,460 2,917,989 779,105 $ 2,917,989 Working Capital-Ending $ 1,458,460 $ 275,830 $ - $ 275,830 $ 2,917,989 $ 779,105 $ 1,125,505 $ 1,125,505 CITY OF BAYTOWN PROGRAM SUMMARY 3070 BAYTOWN AREA WATER AUTHORITY AWA Program Description Major Goals Operate and maintain a 26 MGD surface water treatment • Maintain water quality necessary to be classified as facility with a projected raw water flow of 12.25 MGD "Meeting Optimum Corrosion Control"by TCEQ. and projected finished water flow of 12.25 MGD in fiscal • Maintain"Superior Public Water System""status. year 2012-2013 which currently serves 8 customers with . Maintain Optimization Standards as classified by the City of Baytown using 88% of production. Ensure TCEQ's Texas Optimization Program. compliance with the Texas Commission on Environmental . Develop and maintain a staff of highly trained water Quality (TCEQ) Rules and Regulations for Public Water professionals to better serve customers. Supplies adopted in 1974 under the Safe Drinking Water Act and amended over the years to include the National Major Objectives Primary Drinking Water Regulations, and Surface Water . produce 12.25 MGD of finished water. Treatment Rule and various other regulatory rules. . Maintain finished water turbidity consistently less Provide BAWA's customers with high quality, safe than 0.1 NTU. drinking water and consistent water pressure for fire . Maintain compliance with all TCEQ and EPA protection. regulations Actual Budget Estimated Projected Workload Measures 2010-11 2011-12 2011-12 2012-13 1. Primary Customers 8 8 8 8 2. Average MGD of raw water treated 15.32 12.25 15.39 12.25 3. Average MGD of finished water produced 13.84 12.25 13.93 12.25 Performance Measures 1. Days without interruption of service 365 366 366 365 2. Days finished water turbidity<0.1 NTU 365 366 366 365 3. Maintain Running Annual Average Distribution Chloramine Residual<4.0 mg/L 365 366 366 365 10 CITY OF BAYTOWN SERVICE LEVEL BUDGET 3070 BAYTOWN AREA WATER AUTHORITY Actual Budget Estimated Proposed 1Acct# Acct Description 2010-11 2011-12 2011-12 2012-13 7100 Personnel Services 71031 Contract Personnel Services $ 923,691 $ 1,014,433 $ 994,136 $ 994,839 Total Personnel Services _ 923,691 1,014,433 994,136 9941,839 7200 Supplies 72001 Office 2,675 31,600 29000 29900 72002 Postage 232 460 210 320 72007 Wearing Apparel 6,009 59850 5,850 51500 72016 Motor Vehicle 15,504 129800 5,400 121,800 72021 Minor Tools 2,972 11,540 21,100 19540 72026 Cleaning&Janitorial 1,990 2,000 29250 29000 72031 Chemical 500,107 525,000 605,000 587,000 72032 Medical 819 1,000 550 19000 72041 Educational 2,974 61000 5,000 39000 72051 Untreated Water 2,7379234 216769490 3,130,000 2,764,126 72055 Laboratory Supplies 14,442 29,000 29,000 22,000 Total Supplies 3,2849958 31263,740 3,787,360 31,402,186 7300 Maintenance 73011 Buildings 39924 6,300 69200 61300 73025 Streets Sidewalks&Curbs - 2,200 - - 73027 Heating&Cooling System 4,495 2,500 79500 51500 73028 Electrical Maintenance 359341 45,500 519000 45,500 73041 Furniture&Fixtures 950 2,500 - 2,500 73042 Machinery&Equipment 130,564 1181,000 2089000 152,000 73043 Motor Vehicles 1,625 6,150 2,050 2,000 Total Maintenance 176,899 183,150 274,750 213,800 7400 Services 74001 Communication 49473 41673 41,150 41673 74002 Electric Service 642,160 6759000 7239000 7001,000 74011 Equipment Rental 10,940 10,250 14,500 10,250 74021 Special Services 819325 1151,800 74,000 909000 74022 Audits 119483 139150 11,483 13,150 74036 Advertising 481 700 24 500 74041 Travel&Reimbursables 1,946 21000 2,250 - 74042 Education&Training 5,619 8,450 79000 8,000 74051 Non City Facility Rental - 800 - - 74071 Association Dues 668 - 525 800 74210 General Liability Insurance 2,680 39500 3,500 31,500 74220 Errors&Omissions 4,458 53,000 5,000 59000 74240 Auto Liability 806 600 600 600 74242 Auto Catastrophic 26 30 30 30 74271 Mobile Equipment 528 400 400 400 74272 Real&Personal Property 21,454 17,000 17,000 17,000 74280 Bonds - 20 20 20 74281 Employee Fraud 484 300 300 300 Total Services 789,531 857,673 863,782 854,223 Total Operating 51175,079 5,318,996 5,920,028 5,465,048 It CITY OF BAYTOWN SERVICE LEVEL BUDGET 3070 BAYTOWN AREA WATER AUTHORITY Actual Budget Estimated Proposed 1Acct# Acct Description 2010-11 2011-12 2011-12 2012-13 8000 Capital Outlay 80001 Furniture&Equip.<$5,000 99336 - • 84042 Machinery&Equipment - - - 308,000 86011 Capital Lease Purchases - 71,747 711,747 71,747 Total Capital Outlay 9,336 71,747 71,747 3799747 9000 Other Financing Uses 92101 To General Fund 50,000 250,000 2509000 2503,000 91511 To BA WA Debt Service 2,1639281 2,166,126 2,0641,208 2,429,733 91518 To BAWA CIPF 1,1109000 19445,000 1,4459000 11,445,000 Total Other Financing Uses 3,323,281 3,861,126 39759,208 4,1249,733 9900 Contingencies 99001 Contingencies - 75,000 759000 75,000 Total Contingencies - 75,000 75,000 75,000 TOTAL DEPARTMENT $ 8,5079696 $ 9,326,869 $9,825,983 $ 109,044,528 12 BAYTOWN AREA WATER AUTHORITY REVENUE BONDS LONG TERM DEBT AMORTIZATION SCHEDULES Principal Requirements Principal Revenue Amount of Outstanding Fiscal Year 2012-13 Outstanding Bonds Issue Oct.1,2012 Principal Interest Total I Sept.30,2013 Series,2006 91975,000 6,615,000 590,000 183,170 7730170 6,025,000 Series,2007 6,605,000 5,640,000 715,000 230,013 945,013 4,925,000 Series,2012 8,315,000 8,315,000 485,000 226,550 711,550 7,830,000 Total $ 20,570,000 $ 1,790,000 $ 639,733 $ 2,429,733 $ 18.780,000 Combined BAWA Debt, All Series Debt Requirements to Maturi Fiscal Principal Total Total Year 6101 Interest Requirement 2013 1,790,000 639,733 21429,733 2014 1,860,000 567,133 2,427,133 2015 1,915,000 511,403 2,426,403 2016 1,980,000 453,573 2,433,573 2017 2,030,000 393,393 2,423,393 2018 29090,000 331,181 2,421,181 2019 2,165,000 264,518 2,429,518 2020 1,290,000 195,060 10485,060 2021 1,025,000 162,870 1,187,870 2022 985,000 135,755 1,120,755 2023 300,000 108,394 408,394 2024 310,000 100,894 410,894 2025 315,000 92,369 407,369 2026 325,000 82,919 407,919 2027 335,000 73,169 408,169 2028 345.000 62,700 407,700 2029 360,000 51,488 411,488 2030 370,000 39,788 409,788 2031 385,000 27,300 412,300 2032 395,000 13,825 408,825 Total $20,570.000 $ 4,307,460 $ 24,877,460 Combined BAWA Debt,All Series otatattA Debt Requirement to Maturity •PtiacFps! 3.000 2.300 Logo 1.300 .e 1.000 0.500 0.000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 F=d Year 13 BAYTOWN AREA WATER AUTHORITY REVENUE BONDS DETAIL DEBT AMORTIZATION SCHEDULES Fiscal Interest Principal Interest Interest Annual Principal Total Year Rate Due 6101113 Due 11101/12 Due 6101/13 Requirement Outstanding Outstandingi Revenue Bond,Series 2006 Date of Issue-June 14,2006 Term.20 Years $ 12,113,711 2007 2.250% $ 595,000 $ 2,115.00 $ 51,400 $ 648,515 $ 9,380,000 11,465,196 2008 2.250% 530,000 77,040 107,112 714,152 8,850,000 10,751,044 2009 2.300% 540,000 103,045 107.542 750,587 8,310,000 10,000,457 2010 2.300% 550,000 104,650 111,509 766,159 7,760,000 9,234,299 2011 2.350% 565,000 105,184 105,184 775,368 7,195,000 8,458,931 2012 2.400% 580,000 98,545 98,545 777,090 6,615,000 7,681,841 2013 2.500% 590,000 91,585 91,585 773.170 6,025,0001 6,908,671 2014 2.600% 605,000 84,210 84,210 773,420 5,420.000 6,135,251 2015 2.650% 620,000 76,345 76,345 772,690 4,800,000 5,362,561 2016 2.700% 640,000 68,130 68,130 776,260 4,160,000 4,586,301 2017 2.750% 655.000 59,490 59,490 773,980 3,505,000 3.812,321 2018 2.800% 675,000 50,484 50,484 775,968 2,830,000 3.036,353 2019 2.850% 695,000 41,034 41,034 777,068 2,135,000 2,259,285 2020 2.900% 710,000 31,130 31,130 772,260 1,425,000 1,487,025 2021 2.900% 735,000 20,835 20,835 776,670 690,000 710,355 2022 2.950% 690,000 10,178 10,178 710,355 - - $ 9,975,000 $ 1,024,000 $ 1,114,711 $ 12,113,711 Rev.Refunding Bond,Series 2007 Date of Issue-February 1,2007 Term-13 Years $ 8,842,941 2007 $ - $ - $ 66,153 $ 66,153 $ 6,505,000 8,776,788 2008 4.000% 40,000 132,306 132,308 304,613 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 7,862,760 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 4.925-0001 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 $ 1,135,894 $ 1,202,047 $ 8,8421941 14 BAYTOWN AREA WATER AUTHORITY REVENUE BONDS DETAIL DEBT AMORTIZATION SCHEDULES Fiscal Interest Principal Interest Interest Annual Principal Total Year Rate Due 6101113 Due 11101/12 Due 6101113 Requirement Outstanding Outstandingli Revenue Bond&2002 Series Refunding-Series 2012 Issue Date-March 29 2012 Term-20 Yrs $ 10,590,294 2013 2.000% $ 485,000 $ 123,050 $ 103,500 $ 711550 $ 7,830,0001 9,878,744 2014 2.000% 510,000 98,650 98,650 707,300 7.320,000 9,171,444 2015 2.000% 520,000 93,550 93,550 707,100 6,800,000 8,464,344 2016 2.000% 535.000 88,350 88,350 711,700 6,265,000 7.752.644 2017 2.000% 540,000 83,000 83,000 706,000 5,725,000 7,046,644 2018 2.000% 550,000 77,600 77,600 705,200 5,175,000 6,341,444 2019 2.000% 570,000 72,100 72,100 714,200 4,605,000 5,627,244 2020 2.000% 580,000 66,400 66,400 712,800 41025,000 4,914,444 2021 2.000% 290,000 60,600 60,600 411,200 3,735,000 4,503,244 2022 2.375% 295,000 57,700 57,700 410,400 3,440,000 4,092,844 2023 2.500% 300,000 54,197 54,197 408,394 3,140.000 3,684,450 2024 2.760% 310,000 50,447 50,447 410,894 2,830,000 3,273,556 2025 3.000% 315,000 46,184 46,184 407,369 2,515.000 2,866,188 2026 3.000% 325,000 41,459 41,459 407.919 2,190,000 2,458,269 2027 3.125% 335,000 36,584 36,584 408,169 1,855,000 2,050,100 2028 3.250% 345,000 31,350 31,350 407,700 1,510,000 1,642,400 2029 3.250% 360,000 25,744 25,744 411,488 1,150,000 1,230,913 2030 3.375% 370,000 19,894 19,894 409.788 780,000 821,125 2031 3.500% 385,000 13,650 13,650 412,300 395,000 408,825 2032 3.500% 396,000 6,913 6,913 408.825 - - $ 8.315,000 $ 1.147,422 $ 1,127,872 $ 10,590,294 15 CITY OF HOUSTON UNTREATED WATER RATES Year Rate 04/81 .22142 02/83 .24157 10/86 .25123 10/87 .28022 F 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 102/92 .31820 FIRST 300 MGD/PER 1,000, .31249 NEXT 300 MGD 10/93 .32907 FIRST 300 MGD/PER 1,0009 .32316 NEXT 300 MGD 10/94 .37192(GRACE UP TO 13.1 MGD. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 11.9) 06/04 .385(GRACE UP TO 13.1 MGD. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 11.9) 104/05 .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. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 15.8) 04/07 .4238(GRACE UP TO 17.38 MGD. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 15.8) 104/08 A314(GRACE UP TO 17.38 MGD. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 15.8) 04/09 A533(GRACE UP TO 17.38 MGD. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 15.8) 04/10 A546(GRACE UP TO 17.38 MGD. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 15.8) 106/10 .5647(GRACE UP TO 17.38 MGD. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 15.8) 04/11 .5754(GRACE UP TO 17.38 MGD. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 15.8) 04/12 .59439(GRACE UP TO 17.38 MGD. IF WE GO OVER,THEN 5%ADDED TO ANYTHING OVER 15.8) 16 TREATED WATER RATES Increase Year Rate Amount Comments 1981 $0.97 COB 1985-1987 $0.97 COB,$1.00 Other Result of rising operating cost. (Raw wate 11988-1992 $1.07 COB,$1.10 Other $0.10 rates up 25%) 1993-1998 $1.18 COB,$1.21 Other $0.11 Result of increase in raw water rates. 1999-2006 $1.26 COB,$1.29 Other $0.08 Funding for plant expansion debt Funding for new water line debt and City o [2008 007 $1.39 COB,$1.42 Other $0.13 Houston rate increase. Fun ing for new water line debt and City o $1.46 COB,$1.49 Other $0.07 Houston rate increase. Funding for new water line debt, othe operating increases and City of Houston rate 2009 $1.55 COB,$l.58 Other $0.09 increase. Funding for new water line debt, other operating increases and City of Houston rate 12010 $1.71 COB,$1.74 Other $0.16 increase. Funding for new water line debt, other operating increases and City of Houston rate 2011 $1.96 COB,$1.99 Other $0.25 increase. Funding for new water line debt, other operating increases and City of Houston rate 2012 $2.15 COB,$2.18 Other $0.19 increase. Funding for new water line debt, other $0.20 COB operating increases and City of Houston rate F2013 $2.35 COB,$2.39 Other 1 $0.21 Other increase. 17 *J CiTY of HousToN Public Works and Engineering m ailment March 1,2012 Dear Customer. City of Houston Ordinance 2010-306 requires the Combined Utiilty System{CVS)to Mnpiement an annual rate adjustment to be effective on April lot of each year. The required water and wastewater late adjustment under the ordinance for April 1,2012 Is 3.3%. This rate adjustment is based on the reglonal consumer infiatton plus pwfavan petcentege change for Houston. This annual rate adjustment is Intended to help aver coat Increases that rmpsct the provision of s f, cieen ddnking water and the coueo t and treatment of wastewater. This Includes operation costs well as the cosh involved in rapairing and replacing pordons of the systeim's aging infrastrvctuM The bill you recelve In May will reflect a full.m a of tote rate adjustment. The new rate tables will be posted an the CWs website at • sincerely, �Q oantel W.Kfueger,P.E. oirector,Public Works and Engineedng 18