Loading...
BuffaloGrove.Wtr-SewerRateStdy.FINAL DRAFT.052319.CJUR:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr- SewerRateStdy.1307.002.April2019.CJU\Report\_Mosaic.docx Report Village of Buffalo Grove, IL May 2019 Water and Sewer Rate Study FINAL DRAFT - 05/23/19 Report for Village of Buffalo Grove, Illinois Water and Sewer Rate Study Prepared by: STRAND ASSOCIATES, INC.® IDFPR No. 184-001273 1170 South Houbolt Road Joliet, IL 60431 www.strand.com May 2019 FINAL DRAFT - 05/23/19 i TABLE OF CONTENTS Page No. or Following SECTION 1–INTRODUCTION 1.01 Purpose of Study ...................................................................................... 1-1 1.02 Scope ....................................................................................................... 1-1 1.03 Definitions and Abbreviations ................................................................... 1-2 SECTION 2–DESCRIPTION OF WATER SYSTEM AND SEWER COLLECTION SYSTEMS 2.01 Overview of Water and Systems .............................................................. 2-1 2.02 Current Rate Structures ............................................................................ 2-3 2.03 Water and Sewer Usage Analysis ............................................................ 2-7 2.04 Historical Water and Sewer Revenue and Expenses ................................ 2-10 SECTION 3–WATER FUND CASH–NEEDS ANALYSIS AND RATE DEVELOPMENT 3.01 Projected Water System Expenses .......................................................... 3-1 3.02 Rate Structure Considerations .................................................................. 3-3 3.03 Rate Structure Development .................................................................... 3-5 3.04 Debt Service Rate Alternative................................................................... 3-9 3.05 Resulting Anticipated Revenue from Proposed Rate Structure ................. 3-14 SECTION 4–SEWER UTILITY RATE ANALYSIS 4.01 Projected Sewer Utility Revenue Requirement ......................................... 4-1 4.02 Rate Structure Alternatives ....................................................................... 4-3 4.03 Proposed Rates........................................................................................ 4-4 4.04 Resulting Anticipated Revenue from Proposed Rate Structure ................. 4-8 SECTION 5–WATER AND SEWER CONNECTION FEE STUDY 5.01 Introduction .............................................................................................. 5-1 5.02 Population Projections .............................................................................. 5-1 5.03 Costs Associated with Future Water System Improvements ..................... 5-3 5.04 Water Connection Fees ............................................................................ 5-3 5.05 Costs Associated with Future Sewer System Improvements .................... 5-6 5.06 Sanitary Sewer Connection Fees ............................................................. 5-7 SECTION 6–RECOMMENDED RATE STRUCTURE AND PROJECTED CASH FLOW 6.01 Recommended Water and Sewer Rate Structures ................................... 6-1 6.02 Projected Cash Flow Balance Sheets for 2020 through 2024 ................... 6-3 FINAL DRAFT - 05/23/19 TABLE OF CONTENTS Continued Page No. or Following ii TABLES 2.01-1 Number of Water Meters Per Size and User Classification ....................... 2-2 2.02-1 Village’s Historical Water Charge Increases ............................................. 2-3 2.02-2 Average Residential Water Service Cost Comparison for Similar and Regional Communities.................................................................... 2-4 2.02-3 Village’s Historical Sewer Rate Increases ................................................ 2-5 2.02-4 Typical Resident Sewer Charge Comparison ........................................... 2-5 2.02-5 Average Residential Water and Sewer Service Cost Comparison for Similar and Regional Communities ......................................................... 2-6 2.03-1 Historical Water Usage and Forecasts ..................................................... 2-8 2.04-1 Water Utility 2017 and 2018 Budget ......................................................... 2-10 2.04-2 Sewer Utility 2017 and 2018 Budget......................................................... 2-11 3.01-1 Forecasted O&M Expenses ...................................................................... 3-1 3.01-2 Summary of Anticipated Capital Improvement Expenses ......................... 3-2 3.01-3 Total Forecasted Cash Expenses for Years 2019 through 2024 ............... 3-3 3.03-1 Water Rate Allocation for All Alternatives (2020) ...................................... 3-6 3.03-2 Uniform Water Rate Structure 2020 to 2024 ............................................. 3-6 3.03-3 Uniform Water Rate with Fixed Fee Rate Structure 2020 to 2024 ............ 3-7 3.03-4 Increasing Block Rate Structure 2020 to 2024 .......................................... 3-7 3.03-5 Impacts to Average Residential Users’ Monthly and Yearly Billing ........... 3-8 3.04-1 Total Forecast Expenses for Years 2019 Through 2024 ........................... 3-10 3.04-2 Water Rate Allocation for Debt Service Alternative (2020) ........................ 3-11 3.04-3 Uniform Water Rate with Fixed Fee Rate Structure 2020 to 2024 (Debt Service Alternative) ............................................................ 3-11 3.04-4 Impacts to Average Residential Users’ Monthly and Yearly Billing ........... 3-12 3.05-1 Resulting Revenue from Proposed Rate Increases .................................. 3-14 4.01-1 Forecasted O&M Expenses ...................................................................... 4-1 4.01-2 Summary of Anticipated Capital Improvement Expenses ......................... 4-2 4.01-3 Total Minimum Sales Revenue Requirements .......................................... 4-3 4.03-1 Sewer Rate Allocation .............................................................................. 4-4 4.03-2 Uniform Volume Charge Rate Structure ................................................... 4-4 4.03-3 Uniform Volume Charge with Fixed Fee Rate Structure ........................... 4-5 4.03-4 Impacts to Average Residential User’s Monthly and Yearly Billing ........... 4-6 4.04-1 Resulting Revenue from Proposed Rate Increases .................................. 4-7 5.02-1 Past New Connections ............................................................................. 5-1 5.04-1 Current Water Connection Fees ............................................................... 5-4 5.04-2 Meter Size Conversion Ratios .................................................................. 5-5 5.04-3 Recommended Water Connection Fees ................................................... 5-5 5.06-1 Existing Sewer Connection Fees .............................................................. 5-7 5.06-2 Recommended Sanitary Sewer Connection Fees .................................... 5-8 6.01-1 Proposed 2020 to 2024 Water Fees ......................................................... 6-1 6.01-2 Proposed 2020 to 2024 Sewer Fees ........................................................ 6-2 6.01-3 Recommended Water Connection Fees ................................................... 6-2 6.01-4 Recommended Sewer Connection Fees .................................................. 6-2 6.01-5 Impacts to Average Residential Users’ Monthly and Yearly Water and Sewer Billing ......................................................................... 6-4 6.02-1 Projected Water Fund Cash Flow ............................................................. 6-5 6.02-2 Projected Sewer Fund Cash Flow ............................................................ 6-6 FINAL DRAFT - 05/23/19 TABLE OF CONTENTS Continued Page No. or Following iii FIGURES 2.02-1 Average Residential Water Service Cost Comparison for Similar and Regional Communities ......................................................... 2-4 2.02-2 Average Residential Sewer Service Cost Comparison for Similar and Regional Communities ......................................................... 2-6 2.02-3 Average Residential Water and Sewer Service Cost Comparison for Similar and Regional Communities .................................................... 2-7 2.03-1 Water Usage Trends and Forecasts ......................................................... 2-9 2.03-2 Water Usage as a Percent of Total Demand by User Classification ......... 2-9 3.03-1 Proposed Water Rate Increases on Average Residential Cost of Water Per Month Comparison with Similar and Neighboring Communities ...... 3-9 3.04-1 Proposed Water Rate Increases on Average Residential Cost of Water Per Month Comparison with Similar and Neighboring Communities (Debt Service) .................................................................. 3-13 4.03-1 Proposed Sewer Rate Increases on Average Residential Cost of Water Per Month Comparison with Similar and Neighboring Communities ...... 4-6 5.02-1 Buffalo Grove Population Projections ....................................................... 5-2 5.04-1 Existing Water Connection Fees for Comparable Municipalities ............... 5-4 5.04-2 Proposed Water Connection Fees Compared to Comparable Municipalities ......................................................................................... 5-6 5.06-1 Existing Sewer Connection Fees Compared to Comparable Municipalities ......................................................................................... 5-7 5.06-2 Proposed Sewer Connection Fees Compared to Comparable Municipalities ........................................................................................ 5-8 6.01-1 Typical Combined Residential Water and Sewer Monthly Bills ................. 6-3 FINAL DRAFT - 05/23/19 SECTION 1 INTRODUCTION FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 1–Introduction Prepared by Strand Associates, Inc. 1-1 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S1.docx 1.01 PURPOSE OF STUDY The purpose of this rate study is to develop updated rates for the Village of Buffalo Grove, Illinois (Village), water and sewer utilities. This study includes an evaluation of the current rate structures, alternate rates structures, and the projected expenses of both water and sewer utilities. All references to the sewer utility or sewer system in this report refers to only the sanitary sewer utility or sanitary sewer system. A cash flow analysis for the water and sewer utilities evaluates the rates for the proposed 5-year capital improvements plan (CIP). Additional goals of this study are to review alternatives to the current block rate structure and to review financial impacts on utility customers to cover the cost of service. The methodology to evaluate the rate structures and develop rates are in accordance with American Water Works Association (AWWA) Manual M1 Principles of Water Rates, Fees and Charges. The study also considers factors such as water conservation, overhead costs to the utilities, analysis of residential versus other customer classifications water usage, and the impact of planned water and sewer utility improvements on water rates. The scope of the study is detailed in Section 1.02. 1.02 SCOPE The general scope of the study is as follows: A. Kickoff Meeting and Data Collection: Conduct one kickoff meeting (combined with the Water System Model portion of the project) to establish goals, collect data, and request additional information. B. Metric Identification: Identify four metrics for the water and sewer system to track and evaluate operational efficiency. Comparisons against regional and industry benchmarks are provided. C. Revenue Forecasting: Prepare revenue requirement forecasts for the water system and sewer system over the 5-year period covered by the CIPs and other planning documents. D. Service and Growth Projections: Prepare projected units of service and growth for the 5-year planning period for number of meters, water sales, and peak usage. E. Cost of Service Analysis: Provide cost of service analysis, including review of cost allocations of water and sewer systems, base charges, analysis of proportionality of revenues versus costs for user classifications, and justification of consumer classification types. F. Rate Structure Alternatives: Compare three water and sewer rate structure alternatives and rate-setting strategies for promoting short- and long-term financial sustainability versus the existing rate structure. FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 1–Introduction Prepared by Strand Associates, Inc. 1-2 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S1.docx G. Cash-Flow Analysis: Review revenues generated of proposed rates, including impacts for typical ratepayers for each user classification and provide a 5-year cash-flow analysis for impacts on reserve balances. The cash-flow analysis will review rate impacts for funding CIP projects through combinations of reserves and financing options. H. Rate-Setting Spreadsheet: Prepare a rate-setting spreadsheet model that covers short- and long-term revenue requirements and maintains the stability of the revenue stream to facilitate capital infrastructure improvements and replacement of infrastructure. I. Fee Evaluation: Evaluate water and sewer connection fees and other service charges. J. Rate Study Reports: Discuss the methods used, evaluations, findings, and recommendations in the consumption rates study report and connection rate study report. A meeting will be held to review the draft report with the Village and will prepare a final report incorporating Village comments. 1.03 DEFINITIONS AND ABBREVIATIONS AWWA American Water Works Association ccf hundred cubic f eet CIP capital improvement plan gal gallon MG million gallons NWC Northwest Water Commission O&M operation and maintenance REU resident equivalent unit SCADA Supervisory Control and Data Acquisition US United States Village Village of Buffalo Grove, Illinois FINAL DRAFT - 05/23/19 SECTION 2 DESCRIPTION OF WATER SYSTEM AND SEWER COLLECTION SYSTEMS FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-1 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx 2.01 OVERVIEW OF WATER AND SYSTEMS The Village is located approximately 25 miles northwest of Chicago in both Lake and Cook County, Illinois. The Village is a suburban community with a population of 41,226, according to the 2017 United States (US) Census. The Village’s planning boundary is approximately 4 miles from west to east and 6 miles north to south. The Village is primarily residential, however, there are areas of commercial and industrial development in the southern, central, and northeastern sections of the Village. The Village has approximately 13,000 water and sewer service accounts. Of these, approximately 11,200 are residential. The remaining accounts consist of multifamily, commercial, institutional, governmental, and industrial customers. Specific information on the water and sewer utility systems follows. A. Water System The Village operates a public water supply system under the jurisdiction of the Village’s Public Works Department. As indicated in the Water System Study, the Village’s water is supplied at four points by the Northwest Water Commission (NWC). The Village’s water supply system consists of four ground level storage reservoirs and pumping station sites, deep aquifer emergency backup wells, and nearly 185 miles of water main ranging in size from 6-inch diameter to 24-inch diameter. Each pumping station draws water from its adjacent reservoirs and pumps into the distribution system using anywhere from three to eight pumps, depending on the station. Pipe materials in the system include cast iron and ductile iron. The water system consists of a single pressure zone, and no elevated storage tanks. Water revenue for operation of the water system is generated through bimonthly billing of residential users and monthly billing of multi-family, commercial, and industrial users. The billing is currently a volumetric charge based on water usage, with no availability charge. This billing system is further described in Section 2.02. Table 2.01-1 shows the approximate number of meters per water user classification and size. Each user classification in Table 2.01-1 is separated between Lake County and Cook County because of the sewer system. B. Sewer Utility The sewer utility includes the sanitary sewer system for the Village. The Village sanitary sewer system in Lake County conveys wastewater to the Lake County Public Works for treatment, and the Village sanitary sewer in Cook County conveys wastewater to the Metropolitan Water Reclamation District of Greater Chicago. The Village maintains the 134 miles of gravity lines, 5 miles of force mains, and 12 lift stations. Revenues for operation of the sewer utility are generated through billing based on water meter volumetric usage and are further described in Section 2.02. FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-2 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx Table 2.01-1 Number of Water Meters Per Size and User Classification Chevy Chase Golf Course Cook County Commercial/ Multi-Family Cook County Residential Lake County Commercial Water Only Lake County Commercial Lake County Exempt Lake County Multi-Family Lake County Residential Lake County Residential Water Only Other Total No size given 0 0 5 0 0 0 0 7 0 0 12 1/2 inch 0 0 0 0 0 0 2 0 0 0 2 5/8 inch 0 0 1 0 0 0 0 0 0 0 1 3/4 inch 0 24 3,081 2 32 4 2 7,469 1 0 10,615 1 inch 0 0 36 0 0 2 206 560 3 0 807 1 1/2 inch 0 152 0 4 178 10 202 99 0 0 645 2 inch 2 234 0 0 174 8 94 0 0 0 512 3 inch 0 44 0 2 118 10 2 1 0 0 177 4 inch 0 22 0 0 22 0 10 0 0 0 54 6 inch 0 0 0 2 0 0 0 0 0 0 2 Total 2 476 3123 10 524 34 518 8,136 4 0 12,827 Source: 2017 Village Water Meter Billing Data Spreadsheets FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-3 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx Year Water Charge Cost per 1000 gallons Water Charge Percent Change 1983 to 2008 $1.57 - 2009 $1.97 25.0 2010 $2.40 22.0 2011 $2.40 - 2012 $2.40 - 2013 $3.24 35.0 2014 $4.20 30.0 2015 $4.38 4.0 2016 $4.56 4.0 2017 $4.74 4.0 2018 $4.92 4.0 2019 $5.12 4.0 Table 2.02-1 Village’s Historical Water Charge Increases 2.02 CURRENT RATE STRUCTURES A. Water System The Village currently uses a uniform water rate structure, meaning that all water users and usage is billed at the same rate. The Village bills residential users bi-monthly for water and sewer services. The bills consist of itemized charges that include both water and sewer charges. Sewer charges are discussed in Section 2.02.B. The water system-specific charges are identified in the following. 1. Water Charge: This charge is the direct cost associated with pumping, treating, and transmitting water to the service location. The water charge is determined by the volume of water provided to the service address recorded on the water meter. Water volume is billed in units of 1,000 gallons. 2. Adjustments: This charge reflects items such as miscellaneous water credits posted to an account since the previous bill. 3. Late Fee: A 10 percent late fee for water charges is added if the bill is not paid by the due date. The Water Charge portion of the rate structure has increased annually from 2015 to 2019, at a uniform 4 percent increase. Before 2009, the Village had not increased its water rates since 1983 (more than 25 years). This is a considerable amount of time to operate a water system without raising rates. It is recommended that rates be continually monitored and adjusted for changes in both revenue and expenses. Table 2.02-1 shows the historical rate increases since 2015. Table 2.02-2 and Figure 2.02-1 show average monthly water bills for a Village resident compared to the equivalent monthly water bills for residents in surrounding communities. Communities are ranked from FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-4 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx lowest cost to highest cost and assume a typical residential customer using 4.5 thousand gallons of water each month. Rates for some of the communities have been adjusted to an “equivalent” monthly gallon-based bill for comparison to the Village. As can be seen in Table 2.02-2, the Village’s typical bill for residents is below the average for the surrounding area and similar communities. Comparisons to other communities should be done critically. The Village’s infrastructure may significantly differ from other communities. This study is intended to evaluate the true cost of producing and distributing water in the Village and recommending rates to generate the necessary revenue. These communities were selected for comparison as they were either members of the NWC, one of the thirteen comparable communities given by the Village, or they are similar in both system infrastructure and customer base. Elk Grove Village was excluded as they charge using a combined water and sewer rate structure instead of charging each separately. Municipality Population Billing Cycle Fixed Fee Water Charge Average Monthly Water Bill Wilmette 27,000 quarterly $1.08 $2.75 per 1,000 gal $16.92 Palatine* 69,000 monthly $2.34 $4.25 per 10,000 ccf $5.46 above 10,000 ccf $21.47 Buffalo Grove* 41,500 bimonthly $- $5.12 per 1,000 gal $23.04 Mundelein 31,000 monthly $- $5.40 per 1,000 gal $24.30 Wheeling* 22,500 monthly $- $6.09 per 1,000 gal $27.41 Arlington Heights* 75,000 bimonthly $- $6.39 per 1,000 gal $28.76 Average - - - - $33.09 Gurnee 30,700 monthly $10.84 $5.01 per 1,000 gal $33.39 Glenview 47,500 quarterly $17.13 $6.87 per 1,000 gal $36.63 Niles 29,000 monthly $- $8.44 per 1,000 gal $37.98 Park Ridge 37,000 monthly $9.68 $8.11 per 1,000 gal $46.18 Morton Grove 23,000 monthly $- $10.81 per 1,000 gal $48.65 Elmhurst 46,500 monthly $- $10.92 per 1,000 gal $49.14 Mount Prospect 54,000 monthly $4.00 $10.33 per 1,000 gal $50.49 Hoffman Estates 51,700 monthly $6.45 $10.14 per 1,000 gal $52.08 *Municipality is a member of the NWC. Table 2.02-2 Average Residential Water Service Cost Comparison for Similar and Regional Communities FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-5 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx Year Sewer Charge per 1,000 gal Percent Increase 1983 to 2008 $0.23 - 2009 $0.43 87.0 2010 $0.60 39.5 2011 $0.60 - 2012 $0.60 - 2013 $0.81 35.0 2014 $1.05 30.0 2015 $1.10 4.0 2016 $1.13 3.2 2017 $1.17 3.5 2018 $1.21 3.4 2019 $1.25 3.3 Table 2.02-3 Village’s Historical Sewer Rate Increases B. Sewer Collection System The Village maintains the sewer systems within the Village. The businesses and residents of the Village are billed for sewer service based on water usage volume. The sewer maintenance charge is $1.25 per thousand gallons. As with the water rates, the Village did not adjust rates between 1983 and 2008. Historic sewer fees are presented in Table 2.02-3. The average monthly residential sewer charge in the Village is estimated based on an average usage of 4.5 thousand gallons per month and includes a $4.08 fixed pass through fee for Lake County customers. Cook County residents are charged on their tax bill instead of on the Village’s rates. Average monthly sewer charges for a Village resident are comparable to the equivalent monthly charge by surrounding communities, shown in Table 2.02-4 and Figure 2.02-2. The surrounding communities combined water and sewer bills are shown in Table 2.02-5 and Figure 2.02-3. Figure 2.02-1 Average Residential Water Service Cost Comparison for Similar and Regional Communities FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-6 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx Municipality Population Billing Cycle Fixed Fee Sewer Charge Average Monthly Sewer Bill Niles 29,000 monthly $- $0.75 $3.38 Morton Grove 23,000 monthly $- $1.15 $5.18 Glenview 47,500 quarterly $- $1.39 $6.26 Wheeling* 22,500 monthly $- $1.50 $6.75 Palatine* 69,000 monthly $2.34 $1.25 $6.80 Arlington Heights* 75,000 monthly $- $1.65 $7.43 Buffalo Grove*+ 31,200 bimonthly $4.00 $1.25 $7.63 Park Ridge 37,000 monthly $3.55 $1.51 $10.35 Gurnee 30,700 monthly $3.61 $1.56 $10.63 Average - - - - $11.84 Hoffman Estates 51,700 monthly $6.45 $1.45 $12.98 Mount Prospect 54,000 monthly $5.00 $2.09 $14.41 Mundelein 31,000 monthly $- $3.60 $16.20 Wilmette 27,000 quarterly $- $4.24 $25.52 Elmhurst 46,500 monthly $- $7.17 $32.27 *Municipality is a member of the NWC. +Cook County sewer is billed on the user’s tax bill Table 2.02-4 Typical Resident Sewer Charge Comparison Figure 2.02-2 Average Residential Sewer Service Cost Comparison for Similar and Regional Communities FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-7 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx 2.03 WATER AND SEWER USAGE ANALYSIS This section discusses anticipated water usage volumes including assumptions on usage per user classification. Sewer conveyance volumes are based on the results of the water usage analysis. Municipality Population Average Monthly Water Bill Average Monthly Sewer Bill Average Combined Bill Palatine 69,000 $21.47 $6.80 $28.26 Buffalo Grove 41,500 $23.04 $7.63 $30.67 Wheeling 22,500 $27.41 $6.75 $34.16 Arlington Heights 75,000 $28.76 $7.43 $36.18 Mundelein 31,000 $24.30 $16.20 $40.50 Niles 29,000 $37.98 $3.38 $41.36 Wilmette 27,000 $16.92 $25.52 $42.44 Glenview 47,500 $36.63 $6.26 $42.88 Gurnee 30,700 $33.39 $10.63 $44.02 Average - $33.09 $11.84 $44.93 Morton Grove 23,000 $48.65 $5.18 $53.82 Park Ridge 37,000 $46.18 $10.35 $56.52 Mount Prospect 54,000 $50.49 $14.41 $64.89 Hoffman Estates 51,700 $52.08 $12.98 $65.06 Elmhurst 46,500 $49.14 $32.27 $81.41 Table 2.02-5 Average Residential Water and Sewer Service Cost Comparison for Similar and Regional Communities Figure 2.02-3 Average Residential Water and Sewer Service Cost Comparison for Similar and Regional Communities FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-8 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx Additionally, the Village’s Lake County sewer users are billed with a summer sewer credit between the months of June and September. This summer sewer credit caps the volume of sewer used that can be billed. This cap is calculated as 120 percent of the average sewer used throughout the rest of the year from October to May. This Lake County summer sewer credit was accounted for in this rate study’s sewer usage, billing, and rates. A. Water System Data provided by the Village includes annual water delivered to the system from the NW C, and water volumes billed to customers. While the NW C deliverance numbers are important in analysis of water losses and capital improvement planning, this rate study will focus on trends in water usage billings. The cash-needs analysis includes the future revenue needed to meet forecasted expenses. This revenue is mainly from water sales to the end users. Table 2.03-1 and Figure 2.03-1 show the historic trends for billed water usage, a current trend in water use based on the past two years, a water demand growth scenario used in the Water System Study, and the conservative projections used for this rate analysis, all in millions of gallons demanded per year. The current trends projects forward to 2023 the water usage decrease observed from 2016 to 2017. The water usage could be declining due to increases in water conservation, resulting in a lower rate of water usage. Water System Study includes an evaluation of the water system and identifies capital improvement needs. The Water System Study used conservatively high water demands to meet future demands. For this rate study, using high water usage forecasts could result in less revenue than expected. The current trend forecast in millions of gallons (MG) is used in this rate study to calculate rates. Year Historical (MG) Current Trend (MG) Water System Study Projection (MG) 2008 1,401 2009 1,368 2010 1,334 2011 1,351 2012 1,369 2013 1,350 2014 1,281 2015 1,223 2016 1,222 2017 1,201 2018 1,179 1,222 2019 1,157 1,233 2020 1,135 1,245 2021 1,113 1,256 2022 1,092 1,268 2023 1,070 1,279 Table 2.03-1 Historical Water Usage and Forecast FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-9 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx Figure 2.03-2 Water Usage as a Percent of Total Demand by User Classification The water usage by user classification was reviewed. The Village tracks this information and presented it in the 2011 Master Plan. Figure 2.03-2 shows the water usage for each user classification. Figure 2.03-1 Water Usage Trends and Forecasts FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-10 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx Description FY 2017 FY 2018 FY 2019 Revenue Building Revenue and Fees $5,000.00 $10,000.00 $10,000.00 Sales of Water $5,764,543.89 $5,944,689.84 $6,767,000.00 Revenue Total: $5,769,543.89 $5,954,689.84 $6,777,000.00 Expenses Personnel Wages $676,217.00 $638,330.00 $689,883.00 Personnel Benefits $386,182.00 $396,618.00 $365,826.00 Operating Expenses* $1,716,518.00 $1,716,350.00 $1,748,800.00 Commodities $286,300.00 $254,000.00 $253,800.00 Maintenance and Repairs $118,900.00 $134,500.00 $142,900.00 Capital Reserve Transfers $61,700.00 $61,700.00 $61,700.00 Capital Projects $1,125,700.00 $1,175,000.00 $1,420,000.00 Existing Debt Service $416,136.00 $423,053.00 $486,390.00 Future Debt Service $- $- $- Contractual Services $120,443.00 $122,005.00 $122,005.00 Internal Service Transfers $425,492.00 $427,289.00 $357,702.00 Operating Transfers $945,000.00 $945,000.00 $945,000.00 Expenses Total: $6,278,588.00 $6,293,845.00 $6,594,006.00 Source: Village of Buffalo Grove Budget (2017 to 2019) *Includes Village’s NWC expenses Table 2.04-1 Water Utility 2017 to 2019 Budget 2.04 HISTORICAL WATER AND SEWER REVENUE AND EXPENSES A. Water System Data from the Village was used to tabulate current and historical revenues and expenses for the Water Fund. Table 2.04-1 shows summaries of the operating revenues and expenses for 2017 to 2019 from the Village’s comprehensive annual budgets. The next section of this study follows the Village’s financial reporting format to forecast operating expenses, existing and proposed debt service, and capital repair and replacement to determine revenue requirements. B. Sewer Collection System The budget Sewer Fund operating revenues and expenses from 2017 to 2019 are shown in Table 2.04-2. Section 4 of this study includes the projected operating expenses, existing and proposed debt service, and capital repair and replacement to determine revenue requirements. FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 2–Description of Water System and Sewer Collection Systems Prepared by Strand Associates, Inc. 2-11 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S2.docx Description FY 2017 FY 2018 FY 2019 Revenue Building Revenue and Fees $3,795,539.85 $3,591,000.00 $3,590,800.00 Sales of Sewer $1,405,815.08 $1,434,154.92 $1,643,200.00 Revenue Total: $5,201,354.93 $5,025,154.92 $5,234,000.00 Expenses Personnel Wages $348,000.00 $294,221.00 $248,912.00 Personnel Benefits $247,252.00 $214,982.00 $199,161.00 Operating Expenses $12,075.00 $12,800.00 $12,700.00 Commodities $3,496,500.00 $3,626,600.00 $3,626,750.00 Maintenance and Repairs $35,900.00 $42,800.00 $42,800.00 Capital Reserve Transfers $30,944.00 $30,944.00 $30,944.00 Capital Projects $954,000.00 $954,000.00 $1,744,000.00 Existing Debt Service $- $- $- Future Debt Service $- $- $- Contractual Services $24,000.00 $24,000.00 $24,000.00 Internal Service Transfers $231,721.00 $205,777.00 $207,049.00 Expenses Total: $5,380,392.00 $5,406,124.00 $6,136,316.00 Source: Village of Buffalo Grove Budget (2017 to 2019) Table 2.04-2 Sewer Utility 2017 to 2019 Budget C. Reserve Funds The Village’s water fund currently has approximately $3,785,000 in total reserves as of December 31, 2018. The Village does not have separate accounts for its reserve between water and sewer. By allocating the reserve at 55.3 percent water and 44.7 percent sewer, the water and sewer balances are $2,093,105 and $1,691,895, respectively. AWWA M1 recommends around 25 percent of one year’s budgeted expenses. The minimum cash balance to meet a 25 percent reserve of the 2018 budget correlates to approximately $1,573,000 for the water utility and $1,351,000 for the sewer utility. At this time, the Village meets this target reserve level for both water and sewer. FINAL DRAFT - 05/23/19 SECTION 3 WATER FUND CASH–NEEDS ANALYSIS AND RATE DEVELOPMENT FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-1 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx This section uses historical trends to develop a forecast of the water system expenses. The expenses are separated into operation and maintenance (O&M) expenses, capital improvements, and debt service. The overall forecasted expenses are the revenue requirement for developing the recommended rates. 3.01 PROJECTED WATER SYSTEM EXPENSES A. O&M Expenses Using the Village budget methodology, the water utility O&M expenses include the following line items: 1. Personnel Services 2. Personnel Benefits 3. Operating Expenses 4. Maintenance and Repairs 5. Commodities Administrative support and salary costs have leveled out over the past couple years. Based on inflation data obtained from the Bureau of Labor Statistics, a 2 percent yearly expense growth was assumed for personnel services and benefits, operating expenses, and commodities, for the purposes of this rate analysis. Maintenance and repairs have declined between 2017 and 2018. This may be because less capital projects have been completed caused by decreased revenues. However, this is not sustainable. An increase of 2 percent a year was assumed in this analysis. In summary, O&M expenses are forecasted to increase by about 2 percent a year or approximately 10 percent over the next five years. Table 3.01-1 provides a summary of the forecasted O&M expenses. Discussion with NWC revealed that typical increases in yearly NWC expenses are 2 to 4 percent, however, as the Village’s water demand is declining, a 2 percent increase was assumed. Note, the Maintenance and Repair line only includes miscellaneous maintenance and repair from the Village’s budget (e.g. hydrants, valves, etc.) that are not included in Table 3.01-2 as planned capital improvement expenses. Line Item 2019 2020 2021 2022 2023 2024 Personnel Services $689,883 $703,681 $717,754 $732,109 $746,752 $761,687 Personnel Benefits $365,826 $373,143 $380,605 $388,217 $395,982 $403,901 Operating Expenses $1,748,800 $1,783,776 $1,819,452 $1,855,841 $1,892,957 $1,930,817 Maintenance and Repair $142,900 $145,758 $148,673 $151,647 $154,680 $157,773 Commodities $253,800 $258,876 $264,054 $269,335 $274,721 $280,216 TOTAL $3,201,209 $3,265,233 $3,330,538 $3,397,149 $3,465,092 $3,534,393 Table 3.01-1 Forecasted O&M Expenses FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-2 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx Line Item 2019 2020 2021 2022 2023 2024 SCADA Improvements $70,000 $10,000 $10,000 $10,000 $10,000 $10,000 Pump House and Security Improvements $150,000 $640,000 $500,000 $220,000 $220,000 $1,500,000 Water Study $35,000 - - - - - Lake Cook Road Improvements $535,000 $535,000 $535,000 - - - Weiland Road 1 Improvements $40,000 - - - - - Weiland Road 2 Improvements - $25,000 - - - - Buffalo Grove Road Improvements - $100,000 - - - - Prairie Road Improvements - - - - $500,000 - Annual Leak Detection $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 Village-wide Water Main Replacement Program* - $1,197,000 $1,730,000 $2,952,000 $3,982,000 $5,193,000 Annual Meter Upgrades $315,000 $315,000 $315,000 $315,000 $315,000 $315,000 Total $1,195,000 $2,872,000 $3,140,000 $3,547,000 $5,077,000 $7,068,000 *May be financed through debt service, see Section 3.04 Table 3.01-2 Summary of Anticipated Capital Improvement Projects B. Capital Improvements The Village has plans for nearly $23,000,000 in water system infrastructure by 2024 based on the Village’s 2019 CIP and additional guidance from the Village. Because aging water main has an increased likelihood of failures, the Village plans to increase annual replacement. Additional details about the Village-wide Water Main Replacement Program and the recommended future capital improvement plan can be found in section 9.04 of the 2019 Water System Study. Table 3.01-2 outlines the anticipated capital improvement expenses over the next five years. C. Debt Service The Village intends to primarily finance future capital improvement projects with the water and sewer reserves, instead of through debt service. The Village currently repays approximately $500,000 in principal and interest on current debt service, according to their 2019 budget, payments of which are trending to increase over the next five years. A rate structure alternative examining the water rates if the Village were to take on additional debt service for their Village-wide Water Main Replacement Program can be found in Section 3.04. D. Reserves The Village manages a capital equipment reserve and an operating transfer fund in addition to the general water and sewer reserves. These are used to replace broken capital equipment, and to transfer money between accounts, respectively. Both the capital equipment reserve and the operating transfers fund are assumed to grow by 2 percent each year for the purposes of this rate study analysis. FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-3 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx E. Total Revenue Requirement The resulting forecasted expenses, or required revenue, for 2019 through 2024 are shown in Table 3.01-3. 3.02 RATE STRUCTURE CONSIDERATIONS Along with the determination of projected expenses or revenue requirements, the rate structures were evaluated. A. Fixed Charges Many neighboring communities have a standard charge associated with water billing. Some communities call it a meter charge or a service charge, other communities charge a rate for a certain minimum amount of water used, then proceed with a volumetric charge for use beyond the minimum. The flat rate is also referred to as a fixed charge, which is a more direct definition of the charge. This is consistent with AWWA M1 Principles of Water Rates, Fees, and Charges terminology. There is a minimum cost associated with making the water available for consumption. This analysis will use this approach and review recommended adjustments to the fixed charge. According to AWWA M1 Principles of Water Rates, Fees, and Charges, expenses allocated to the fixed charge should be all costs associated with running the water system that would be realized whether or not any water was delivered and sold to a user. This may include costs for minimal administrative and operational staff, some debt service payments, insurance, and even some contractual services. If all or even several of these costs are used in the determination of how much the fixed charges should be, the fixed charge becomes a major portion of the water bill total. Coverage of two or more of these types of expenses with the fixed fee is not recommended. Line Item 2019 2020 2021 2022 2023 2024 O&M $3,201,209 $3,265,233 $3,330,538 $3,397,149 $3,465,092 $3,534,393 Capital Improvements* $1,195,000 $2,872,000 $3,140,000 $3,547,000 $5,077,000 $7,068,000 Capital Reserve Transfers $61,700 $62,934 $64,193 $65,477 $66,786 $68,122 Contractual Services $122,005 $124,445 $126,934 $129,473 $132,062 $134,703 Internal Service Transfers $357,702 $404,239 $412,324 $420,571 $428,982 $437,562 Operating Transfers $945,000 $945,000 $945,000 $945,000 $945,000 $945,000 Existing Debt Service $486,390 $524,003 $565,342 $608,374 $651,406 $694,438 Future Debt Service $ - $ - $ - $ - $ - $ - Total $6,369,006 $8,197,855 $8,584,331 $9,113,042 $10,766,328 $12,882,218 *Portions may be financed through debt service, see Section 3.04 Table 3.01-3 Total Forecasted Cash Expenses for Years 2019 Through 2024 FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-4 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx The Village does not have a fixed fee structure in place at this time, and currently has a purely volumetric-based billing structure. This current rate structure, however, does not collect revenue from accounts without water use in a billing period. B. Alternatives There are several common volumetric rate structures, including: 1. a uniform rate structure 2. a uniform rate structure with a fixed fee 3. an increasing block rate structure These rates apply to the total volume of water registered by the meter during the billing cycle. Different methods of volumetric use billing are typically implemented to influence user decision-making regarding water use. The following provides a discussion of each of these three common options. C. Uniform Rate Structure The Village currently uses a uniform rate structure. With this structure, the user is charged a consistent rate for each unit, regardless of how little or how much is used. As mentioned in Section 2, the Village currently charges $5.12 per thousand gallons of water used. Uniform rates do not offer incentives or do not provide discounts to wholesale or major users, they also do not provide an incentive for water conservation. An advantage of a uniform rate structure is simple to administer, and users can predict or verify their billing. The alternative for a uniform rate structure is discussed further in Section 3.03. D. Uniform Rate Structure with Fixed Charge A uniform rate structure with a fixed charge is a variant on the Village’s current rate structure. With this structure, the Village would bill users at a uniform volumetric rate for the amount of water used and include a fixed charge to every bill to collect revenue from accounts that are not billed any volume. The addition of a fixed charge could also provide more stable revenue. As with the uniform rate structure, this rate structure does not offer any incentives regarding wasting water or water conservation and does not provide any discounts to large users. Further discussion of this rate structure can be found in Section 3.03. E. Increasing Block Rate Structure An increasing block rate structure is becoming more common to promote conservation. This structure offers lower volume users a lower rate than higher volume users. The rate for the first set amount of water would be less than the next set amount of water and would be more expensive for each additional tier. Users recognize that by conserving water and reducing waste, they can reduce their water bills by staying within the lower rate water volumes. FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-5 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx The current trend for water usage in the Village is declining, possibly because of user conservation. The decline in water use will likely plateau or increase with growth at some point. Implementing an increasing rate structure to further reduce water usage does not appear necessary based on existing system capacity and water supply. This type of rate structure change may be confusing to users and would result in more significant rate increase for users that consume more. Furthermore, an increasing block rate structure can cause uncertain decreases in water consumption. Revenues may be impacted much more significantly than expected, which would require more frequent evaluation of the water rates for each tier. Detailed historical data is needed to determine where the block volumes should stop and start for the varying rates. Again, because the Village water users seem to be decreasing water consumption through conservation, we do not recommend developing and implementing an increasing block rate structure. 3.03 RATE STRUCTURE DEVELOPMENT The following three rate structure alternatives were evaluated further and potential rates for each alternative we developed. 1. Uniform volume charge: This alternative is to continue the existing rate structure with a volume charge. 2. Uniform volume charge with a fixed charge: This alternative includes a volume charge and a fixed charge for each billing period. A single fixed charge is included for all user classes and meter sizes. The residential fixed charge is for two months because of the bimonthly billing cycle. The other user classes are billed monthly. 3. Increasing Block Rate: The increasing block rate for the volume charge for this alternative is for the residential users. The other classifications would have a uniform volume charge. This alternative does not include a fixed fee. B. Cost of Service Methodology Each alternative is based on the Village’s forecasted expenses and revenue requirements, developed earlier in this section. These expenses were allocated into different categories based on the Base-Extra Capacity methodology in the AWWA M1 Principles of Water Rates, Fees, and Charges manual. For the water portion of this rate study, there were six total categories used in allocating rates: base, extra capacity-maximum day, extra capacity-maximum hour, customer meters and services, customer billing and collection, and fire protection. The base, extra capacity-maximum day, extra capacity-maximum hour, and fire protection categories were allocated to the volumetric charge, as these costs are associated with the water distribution system itself and can vary from customer to customer. These allocations were assumed to remain relatively constant on a percentage basis. Capital improvement projects were allocated on an individual basis, examining which components of the allocation each project should be allocated to. FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-6 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx For the uniform volume charge with fixed fee alternative, the customer meters and services and customer billing and collection categories were allocated to the fixed fee charge, as these are costs that are relatively the same regardless of customer volume usage. The resulting allocations can be seen in Table 3.03-1. This allocation will change slightly from year to year as the budget expenses and revenues change. These rate allocations are the same for the uniform volume charge and the increasing block structure alternatives. However, as there is no fixed fee in these alternatives all categories were allocated to the volume charge. The monthly fixed charge is then calculated by dividing the total cost allocation for customer meters and services plus customer billing and collection categories by the number of metered customers and then dividing by 12 months. The uniform volume charge is calculated by dividing the total sum of the base, extra capacity-maximum day, extra capacity-maximum hour by the total projected metered volume to be billed (per 1,000 gallons used) for that year. Based on these rate allocations, the proposed rates for 2020 through 2024 are presented in Tables 3.03-2, 3.03-3, and 3.03-4. Ta ble 3.03-2 shows the resulting uniform water rate structure increases that met the forecasted revenue requirements over the next five years. This annual percent increase includes the annual 4 percent rate increase per year that Village currently implements. Rate Allocation Component Total Base Extra Capacity Maximum Day Extra Capacity Maximum Hour Customer Meters and Services Customer Billing and Collection Fire Protection Debt Service $524,003 $524,003 $0 $0 $0 $0 $0 Capital Replacement Fund $62,934 $23,641 $9,692 $3,525 $10,929 $14,235 $911 Capital Improvements $2,872,000 $1,277,907 $702,290 $572,660 $316,737 $2,262 $145 O&M $4,738,918 $2,991,076 $439,834 $158,830 $483,650 $606,929 $58,603 Non-Rate Revenues* ($121,000) ($45,454) ($18,634) ($6,777) ($21,013) ($27,369) ($1,752) Total $8,076,855 $4,771,173 $1,133,182 $728,238 $790,303 $596,056 $57,907 % of Total 100.00% 59.07% 14.03% 9.02% 9.78% 7.38% 0.72% * Includes miscellaneous revenue such as fees, meter sales, and connection charges. Table 3.03-1 Water Rate Allocation for All Alternatives Current Proposed Water Volumetric Fee (per 1,000 gal) (per 1,000 gal) 2020 2021 2022 2023 2024 $5.12 $7.02 $8.00 $9.11 $10.37 $11.81 Annual Percent Increase 37% 14% 14% 14% 14% Table 3.03-2 Uniform Water Rate Structure 2020 to 2024 FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-7 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx Table 3.03-3 shows the resulting uniform water rate with fixed fee rate structure that met the forecasted revenue requirements over the next five years. This annual percent increase includes the annual 4 percent rate increase per year that Village currently implements. Based on Village input, the fixed fee was held constant at the calculated 2024 value rather than having relatively small annual fixed charge increases. By using the calculated 2024 fixed fee for all 5 years, a conservative fixed fee value is used. Table 3.03-4 shows the resulting increasing block rate structure for the forecasted revenue requirements over the next five years. This annual percent increase includes the annual 4 percent rate increase per year that Village currently implements. Proposed Water Volumetric Fee (per 1,000 gal) 2020 2021 2022 2023 2024 Residential Tier 1 (to 2,660 gal/month) $4.81 $5.53 $6.36 $7.32 $8.41 Residential Tier 2 (2,661 gal to 4,150 gal/month) $5.94 $6.83 $7.85 $9.03 $10.39 Residential Tier 3 (above 4,150 gal/month) $7.02 $8.07 $9.28 $10.68 $12.28 Commercial/Industrial $7.02 $8.07 $9.28 $10.68 $12.28 Annual Percent Increase -% 15% 15% 15% 15% Table 3.03-4 Increasing Block Rate Structure 2020 to 2024 Current Proposed Water Volumetric Fee (per 1,000 gal) (per 1,000 gal) 2020 2021 2022 2023 2024 $5.12 $7.02 $7.73 $8.51 $9.37 $10.32 Annual Percent Increase 37% 10% 10% 10% 10% Current Proposed Water Fixed Fee per Month* 2020 2021 2022 2023 2024 $ - $9.26 $9.26 $9.26 $9.26 $9.26 Annual Percent Increase - - - - - *Users are charged on a bimonthly basis. Table 3.03-3 Uniform Water Rate with Fixed Fee Rate Structure 2020 to 2024 FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-8 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx C. Recommended Rate Structure Type Because of the trends in the Village’s water demand, as well as a need for a stable revenue source, it is recommended the Village moves to the uniform water rate with fixed fee rate structure. Table 3.03-5 shows that, for the fixed fee rate structure, the percentage increase in the rates for water usage does not translate to the same percentage increase in the user’s bill. The projected water billing volumes from Section 2 has users consuming less water each year. When comparing the cost for water service in other communities using the same approach as that explained in Section 2, the Village would be above average for the average residential monthly cost. However, this assumes the other communities will maintain their current rate structure and not increase rates. This may not the case because the other communities will experience higher revenue requirements and will increase rates as well. Figure 3.03-1 shows how the Village rates compare with similar and neighboring communities, using a typical usage of 4,500 gallons used per month. 2019 2020 2021 2022 2023 2024 Average Monthly Usage (1,000 gal) 4.50 4.50 4.50 4.50 4.50 4.50 Base Charge* $0.00 $9.26 $9.26 $9.26 $9.26 $9.26 Volumetric Rate $5.12 $7.02 $7.73 $8.51 $9.37 $10.32 Volume Charge $23.04 $31.59 $34.79 $38.30 $42.17 $46.44 Average Monthly Bill $23.04 $40.85 $44.05 $47.56 $51.43 $55.70 Monthly Increase - $17.81 $3.20 $3.51 $3.87 $4.28 Cumulative Increase - $17.81 $21.01 $24.52 $28.39 $32.66 Average Yearly Usage (1,000 gal) 54.00 54.00 54.00 54.00 54.00 54.00 Average Yearly Billings $276.48 $490.20 $528.54 $570.66 $617.10 $668.40 Yearly Increase - $213.72 $38.34 $42.12 $46.44 $51.30 Cumulative Increase - $213.72 $252.06 $294.18 $340.62 $391.92 Percent Increase - 77.30% 7.82% 7.97% 8.14% 8.31% *Users are charged on a bimonthly basis. Table 3.03-5 Impacts to Average Residential Users’ Monthly and Yearly Billing FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-9 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx 3.04 DEBT SERVICE RATE ALTERNATIVE As an alternative to the Village primarily funding future capital improvement projects with the water and sewer reserves and annual revenues, the Village is considering potentially issuing approximately $15 million in revenue-backed bond in 2020 to finance the water main replacement program. The total of the 5-year water main replacement program in Table 3.01-2 is $15,054,000. For the purposes of this alternative evaluation, only the $15 million of the water main replacement program is included. The Village anticipates that, for a 20-year amortization, the annual uniform cost to cover the debt service’s principal and interest would be $1,239,840. Additionally, the remaining capital improvements in Table 3.01-2 are assumed to be funded by annual revenues and reserves. Table 3.04-1 shows the projected expenses for this debt service scenario. Figure 3.03-1 Proposed Water Rate Increases on Average Residential Cost of Water Per Month Comparison with Similar and Neighboring Communities FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-10 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx The 20-year amortization schedule was used for the purposes of this rate alternative. The Village could evaluate a shorter amortization schedule if desired, however, this would increase annual debt service payments and increase rates. The Village should evaluate funding and financing options with its municipal advisor. Using the same rate allocation methodology as outlined in Section 3.03, the water rate allocation for the debt service alternative is in Table 3.04-2 Line Item 2019 2020 2021 2022 2023 2024 O&M $3,201,209 $3,265,233 $3,330,538 $3,397,149 $3,465,092 $3,534,393 Capital Improvements* $1,195,000 $1,675,000 $1,410,000 $595,000 $1,095,000 $1,875,000 Capital Reserve Transfers $61,700 $62,934 $64,193 $65,477 $66,786 $68,122 Contractual Services $122,005 $124,445 $126,934 $129,473 $132,062 $134,703 Internal Service Transfers $357,702 $404,239 $412,324 $420,571 $428,982 $437,562 Operating Transfers $945,000 $945,000 $945,000 $945,000 $945,000 $945,000 Existing Debt Service $486,390 $524,003 $565,342 $608,374 $651,406 $694,438 Future Debt Service $ - $1,239,840 $1,239,840 $1,239,840 $1,239,840 $1,239,840 Total $6,369,006 $8,240,695 $8,094,171 $7,400,882 $8,024,168 $8,929,058 *Excluding Village-wide Water Main Replacement Program (funded through debt service). Table 3.04-1 Total Forecasted Expenses for Years 2019 Through 2024 Rate Allocation Component Total Base Extra Capacity Maximum Day Extra Capacity Maximum Hour Customer Meters and Services Customer Billing and Collection Fire Protection Debt Service $1,763,843 $1,763,843 $0 $0 $0 $0 $0 Capital Replacement Fund $62,934 $23,641 $9,692 $3,525 $10,929 $14,235 $911 Capital Improvements $1,675,000 $739,257 $403,040 $213,560 $316,737 $2,262 $145 Operations and Maintenance $4,738,918 $2,991,076 $439,834 $158,830 $483,650 $606,929 $58,603 Non-Rate Revenues ($121,000) ($45,454) ($18,634) ($6,777) ($21,013) ($27,369) ($1,752) Total $8,119,695 $5,472,363 $833,932 $369,138 $790,303 $596,056 $57,907 % of Total 100.00% 67.40% 10.27% 4.55% 9.73% 7.34% 0.71% Table 3.04-2 Water Rate Allocation for Debt Service Alternative FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-11 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx For this alternative, only the uniform water rate with fixed fee rate structure was considered, as this was the recommended rate structure from Section 3.03. Given the rate allocations outlined in Table 3.04-2, the rate structure for the debt service alternative is shown in Table 3.04-3. Table 3.04-4 shows that, for the fixed fee rate structure under the debt service alternative, the percentage increase in the rates for water usage does not translate to the same percentage increase in the user’s bill. Figure 3.04-1 shows how the Village rates compare with similar and neighboring communities, using a typical usage of 4,500 gallons used per month. Using this rate structure alternative, the Village would be slightly above the average billing for comparable communities. The Water System Study identified $95 million worth of water main beyond its service life to be replaced in the next 20 years. The debt service alternative includes financing $15 million for the first five years of water main replacement. To replace the remaining $80 million of water main over the following 15 years would require a $5.33 million annual capital cost. This annual cost would be in addition to the projected debt service payment of approximately $1,240,000 until 2040. As a result, water rates after 2024 would be higher in the debt service alternative than the water rates with annual revenues funding the water main replacement program. Current Proposed Water Volumetric Fee (per 1,000 gal) (per 1,000 gal) 2020 2021 2022 2023 2024 $5.12 $7.02 $7.29 $7.58 $7.87 $8.18 Annual Percent Increase 37% 4% 4% 4% 4% Current Proposed Water Fixed Fee Per Month* 2020 2021 2022 2023 2024 $ - $9.26 $9.26 $9.26 $9.26 $9.26 Annual Percent Increase - - - - - *Users are charged on a bimonthly basis. Table 3.04-3 Uniform Water Rate with Fixed Fee Rate Structure 2020 to 2024 (Debt Service Alternative) FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-12 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx 2019 2020 2021 2022 2023 2024 Average Monthly Usage (1,000 gal) 4.50 4.50 4.50 4.50 4.50 4.50 Base Charge* $0.00 $9.26 $9.26 $9.26 $9.26 $9.26 Volumetric Rate $5.12 $7.02 $7.29 $7.58 $7.87 $8.18 Volume Charge $23.04 $31.59 $32.82 $34.10 $35.43 $36.81 Average Monthly Bill $23.04 $40.85 $42.08 $43.36 $44.69 $46.07 Monthly Increase - $17.81 $1.23 $1.28 $1.33 $1.38 Cumulative Increase - $17.81 $19.04 $20.32 $21.65 $23.03 Average Yearly Usage (1,000 gal) 54.00 54.00 54.00 54.00 54.00 54.00 Average Yearly Billings $276.48 $490.20 $504.98 $520.34 $536.30 $552.89 Yearly Increase - $213.72 $14.78 $15.36 $15.96 $16.58 Cumulative Increase - $213.72 $228.50 $243.86 $259.82 $276.41 Percent Increase - 77.30% 3.02% 3.04% 3.07% 3.09% *Users are charged on a bimonthly basis Table 3.04-4 Impacts to Average Residential Users’ Monthly and Yearly Billing Figure 3.04-1 Proposed Water Rate Increases on Average Residential Cost of Water Per Month Comparison with Similar and Neighboring Communities (Debt Service) FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 3–Water Fund Cash-Needs Analysis and Rate Development Prepared by Strand Associates, Inc. 3-13 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S3.docx 3.05 RESULTING ANTICIPATED REVENUE FROM PROPOSED RATE STRUCTURE Table 3.05-1 shows the resulting revenue of the proposed rate changes with the non-debt service alternative. Fixed Fee Revenue 2020 2021 2022 2023 2024 Subtotal $1,400,647 $1,466,694 $1,481,360 $1,496,174 $1,511,136 Water Usage Revenue Chevy Chase Golf Course $13,974 $15,185 $16,501 $17,931 $19,485 Cook County Commercial/Multi-Family $1,269,798 $1,379,850 $1,499,440 $1,629,395 $1,770,613 Cook Residential $1,201,299 $1,305,415 $1,418,554 $1,541,498 $1,675,099 Lake County Commercial Water Only $60,484 $65,726 $71,422 $77,612 $84,339 Lake County Commercial $1,133,722 $1,231,980 $1,338,755 $1,454,783 $1,580,868 Lake County Exempt $26,087 $28,347 $30,804 $33,474 $36,375 Lake County Multi-Family $889,698 $966,807 $1,050,600 $1,141,654 $1,240,600 Lake Residential $3,509,166 $3,813,301 $4,143,796 $4,502,934 $4,893,200 Lake Residential Water Only $1,048 $1,139 $1,238 $1,345 $1,461 Other $0 $0 $0 $0 $0 Subtotal $8,105,274 $8,807,750 $9,571,109 $10,400,627 $11,302,039 Total Projected Revenue from Water Sales $9,288,383 $10,274,444 $11,052,470 $11,896,802 $12,813,175 Table 3.05-1 Resulting Revenue from Proposed Rate Increases FINAL DRAFT - 05/23/19 SECTION 4 SEWER UTILITY RATE ANALYSIS FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 4–Sewer Utility Rate Analysis Prepared by Strand Associates, Inc. 4-1 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S4.docx 4.01 PROJECTED SEWER UTILITY REVENUE REQUIREMENT The 2019 through 2023 revenue requirements for the sewer utility were developed using a similar methodology to the water utility rate section. The expense categories include O&M, capital improvements, equipment fund contributions, and debt service. The specific amounts required for each item are discussed separately. A. O&M Expenses As previously stated in Section 2, O&M expenses include all costs associated with operating the Village’s sanitary sewer system. O&M line items are the same for the Village’s sewer utility as with the water utility. O&M expenses are estimated to increase by 2 percent each year from the 2019 O&M expenses. Table 4.01-1 provides a summary of the forecasted O&M expenses. B. Capital Improvements Historically, capital improvement costs related to the Village’s sewer system have varied from year to year. The Village has plans to invest approximately $8,500,000 into sewer system infrastructure by 2024 according to the Village’s 2019 CIP. Table 4.01-2 outlines what planned investments are scheduled in the coming years. Line Item 2019 2020 2021 2022 2023 2024 Personnel Services $248,912 $253,890 $258,968 $264,147 $269,430 $274,819 Personnel Benefits $199,161 $203,144 $207,207 $211,351 $215,578 $219,890 Operating Expenses $12,700 $12,954 $13,213 $13,477 $13,747 $14,022 Maintenance and Repair $42,800 $43,656 $44,529 $45,420 $46,328 $47,255 Commodities $3,626,750 $3,699,285 $3,773,271 $3,848,736 $3,925,711 $4,004,225 Total $4,130,323 $4,212,929 $4,297,188 $4,383,132 $4,470,794 $4,560,210 Table 4.01-1 Forecasted O&M Expenses FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 4–Sewer Utility Rate Analysis Prepared by Strand Associates, Inc. 4-2 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S4.docx Line Item 2019 2020 2021 2022 2023 2024 Capacity Management O&M $55,000 $42,000 $19,000 $39,000 $50,000 $50,000 Lift Station Repair and Maintenance $34,000 $1,200,000 $40,000 $1,200,000 $40,000 $1,000,000 SCADA Improvements $70,000 $10,000 $10,000 $10,000 $10,000 $10,000 Aptakisic Road Improvements $100,000 Trunk Sewer Lining Improvements $400,000 Sewer Rehabilitation $500,000 $1,000,000 $500,000 $1,000,000 $500,000 Manhole Rehabilitation $100,000 $100,000 $100,000 $100,000 $100,000 Sewer Televising $50,000 $75,000 $75,000 $75,000 $75,000 Total $559,000 $1,902,000 $1,244,000 $2,024,000 $1,275,000 $1,735,000 Table 4.01-2 Summary of Anticipated Capital Improvement Expenses C. Capital Equipment Reserves The Village contributes annually to a reserve for repair and replacement of capital equipment. For the purposes of this rate analysis, it is assumed that contributions to this fund will increase annually by 2 percent. D. Debt Service At this time, the Village does not have any existing or planned debt service for its sewer system. Future capital improvement projects will be funded by the sewer reserves. E. Total Revenue Requirement Based on the 2017 to 2019 budget, revenues are generated from sewer tap on fees, sewer billings, or miscellaneous sources. The projected revenue requirements to meet forecasted expenses and other miscellaneous revenues for years 2019 through 2023 are summarized in Table 4.01-3. FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 4–Sewer Utility Rate Analysis Prepared by Strand Associates, Inc. 4-3 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S4.docx 4.02 RATE STRUCTURE ALTERNATIVES The follow two rates structures were reviewed for the sewer system. 1. Uniform Volume Charge 2. Uniform Volume Charge with a fixed charge An increasing block rate structure is not common for sewer systems and was not reviewed. A. Uniform Volume Charge Similar to the water rates, the existing sewer rate structure is a uniform volume charge without any fixed charges. Proposed rates were reviewed for this alternative to continue with the existing rate structure. B. Uniform Volume Charge with Fixed Charges As an alternative to the existing rate structure, a uniform volume charge with a fixed charge was evaluated and proposed rates for this alternative was developed. A fixed charge covers expenses that are not dependent on volume and charges those users that use little or no volume a minimum charge for having sewer service available. Line Item 2019 2020 2021 2022 2023 2024 O&M $4,130,323 $4,212,929 $4,297,188 $4,383,132 $4,470,794 $4,560,210 Capital Improvements $559,000 $1,902,000 $1,244,000 $2,024,000 $1,275,000 $1,735,000 Capital Reserve Transfers $30,944 $31,563 $32,194 $32,838 $33,495 $34,165 Contractual Services $24,000 $24,480 $24,970 $25,469 $25,978 $26,498 Internal Service Transfers $207,049 $211,190 $215,414 $219,722 $224,116 $228,599 Existing Debt Service $- $- $- $- $- $- Future Debt Service $- $- $- $- $- $- Lake County Sewer Revenues and Fees (excludes sewer sales) ($3,590,800) ($3,590,800) ($3,590,800) ($3,590,800) ($3,590,800) ($3,590,800) Total Minimum Sales Revenue Required $1,360,516 $2,791,362 $2,222,966 $3,094,361 $2,438,584 $2,993,672 Table 4.01-3 Total Minimum Sales Revenue Requirements FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 4–Sewer Utility Rate Analysis Prepared by Strand Associates, Inc. 4-4 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S4.docx 4.03 PROPOSED RATES A. Uniform Volume Charge Proposed Rates The Village currently operates the sewer system under a uniform volume charge rate structure. From the projected sewer volumes in Section 2 and the sewer fee revenue requirements, the annual rates per 1,000 gallons were able to be determined after allocating expenses to different rate allocation components. These expenses were allocated into different categories based on the Base-Extra Capacity methodology in the AWWA M1 Principles of Water Rates, Fees, and Charges manual. For the sewer portion of this rate study, the maximum day, maximum hour, and fire protection categories were not used, as they are not relevant to the sewer system and its rate structure. The base category was allocated to the volumetric charge the customer meters and services, and customer billing and collection categories were allocated to the fixed charge. The resulting allocations can be seen in Table 4.03-1. These allocations are the same for all sewer rate structure alternatives. Based on these rate allocations, the uniform volume charge rate structure is shown in Table 4.03-2. Rate Allocation Component Total Base Customer Meters and Services Customer Billing and Collection Debt Service $0.00 $0.00 $0.00 $0.00 Capital Replacement Fund $31,562.88 $18,942.23 $5,481.37 $7,139.34 Operations and Maintenance $6,350,599.44 $1,633,038.03 $2,289,100.38 $2,428,465.59 Non-Rate Revenues ($3,591,000) $0 ($1,795,500) ($1,795,500) Total $2,791,162.32 $1,651,980.26 $499,081.74 $640,104.93 Percent of Total 100.00% 59.19% 17.88% 22.93% Table 4.03-1 Sewer Rate Allocation Current Proposed Sewer Volumetric Fee (per 1,000 gal) (per 1,000 gal) 2020 2021 2022 2023 2024 $1.25 $2.87 $2.98 $3.10 $3.22 $3.35 Annual Percent Increase 229% 4% 4% 4% 4% Table 4.03-2 Uniform Volume Charge Rate Structure FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 4–Sewer Utility Rate Analysis Prepared by Strand Associates, Inc. 4-5 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S4.docx B. Uniform Volume Charge with Fixed Charges Proposed Rates Similar to the water rate structure, a uniform volume charge with a fixed fee is useful to provide a stable source of revenue for sewer utilities. Using the same rate allocations that are in Table 4.02-1, the uniform volume charge with a fixed fee rate structure can be seen in Table 4.03-3. The fixed fee includes the current $4.00 monthly fee currently assessed to users. C. Cash Reserve The Village maintains, at a minimum, 25 percent of annual expenses in the cash reserve. The proposed rates were developed to meet the estimated annual cash needs; therefore, the cash reserve is assumed to remain the same. D. Impact to Residential Users Because of the trends in the Village’s sewer demands, as well as a need for a stable revenue source, it is recommended the Village moves to the uniform sewer rate with fixed fee rate structure. Table 4.03-4 shows that, for the fixed fee rate structure, the percentage increase in the rates for water usage does not translate to the same percentage increase in the user’s bill. Current Proposed Sewer Volumetric Fee (per 1,000 gal) (per 1,000 gal) 2020 2021 2022 2023 2024 $1.25 $1.70 $1.76 $1.83 $1.91 $1.98 Annual Percent Increase 36% 4% 4% 4% 4% Current Proposed Sewer Fixed Fee Per Month* 2020 2021 2022 2023 2024 $ - $8.13 $8.13 $8.13 $8.13 $8.13 Annual Percent Increase - - - - - *Users are charged on a bimonthly basis Table 4.03-3 Uniform Volume Charge with Fixed Fee Rate Structure FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 4–Sewer Utility Rate Analysis Prepared by Strand Associates, Inc. 4-6 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S4.docx When comparing the cost for sewer service in other communities using the same approach as that explained in Section 2, the Village is above average for the average residential monthly cost. This assumes the other communities will maintain their current rate structure and not increase rates. Figure 4.03-1 shows how the Village rates compare with similar and neighboring communities. 4.04 RESULTING ANTICIPATED REVENUE FROM PROPOSED RATE STRUCTURE Figure 4.03-1 Proposed Sewer Rate Increases on Average Residential Cost of Sewer Per Month Comparison with Comparable Communities 2019 2020 2021 2022 2023 2024 Average Monthly Usage 4.50 4.50 4.50 4.50 4.50 4.50 Base Charge* $4.00 $8.13 $8.13 $8.13 $8.13 $8.13 Volumetric Rate $1.25 $1.70 $1.76 $1.83 $1.91 $1.98 Volume Charge $5.63 $7.65 $7.92 $8.24 $8.60 $8.91 Average Monthly Bill $7.63 $15.78 $16.05 $16.37 $16.73 $17.04 Monthly Increase - $8.15 $0.27 $0.32 $0.36 $0.31 Cumulative Increase - $8.15 $8.42 $8.74 $9.10 $9.41 Average Yearly Usage 54.00 54.00 54.00 54.00 54.00 54.00 Average Yearly Billings $91.50 $189.36 $192.60 $196.38 $200.70 $204.48 Yearly Increase - $97.80 $3.24 $3.78 $4.32 $3.78 Cumulative Increase - $97.80 $101.04 $104.82 $109.14 $112.92 Percent Increase - 106.82% 1.71% 1.96% 2.20% 1.88% *Users are billed on a bimonthly basis Table 4.03-4 Impacts to Average Residential Users’ Monthly and Yearly Billing FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 4–Sewer Utility Rate Analysis Prepared by Strand Associates, Inc. 4-7 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S4.docx When the proposed rate structure, considering the yearly increases to fixed and to the volumetric consumption, is applied to the current number and sizes of meters and the forecasted sewer usage per user classification, the revenue generated from sewer sales trends more closely to the expected expenses. Table 4.04-1 shows the resulting revenue of the proposed rate changes. Fixed Fee Revenue 2020 2021 2022 2023 2024 Subtotal $1,253,195 $1,255,702 $1,258,213 $1,260,729 $1,263,251 Sewer Usage Revenue Chevy Chase Golf Course $3,157 $3,216 $3,276 $3,337 $3,399 Cook County Commercial/ Multi-Family $286,900 $292,239 $297,677 $303,216 $308,858 Cook Residential $271,423 $276,474 $281,619 $286,859 $292,197 Lake County Commercial $256,155 $260,921 $265,777 $270,722 $275,760 Lake County Exempt $5,894 $6,004 $6,115 $6,229 $6,345 Lake County Multi-Family $201,020 $204,760 $208,571 $212,452 $216,405 Lake Residential $792,755 $807,507 $822,533 $837,839 $853,430 Other $0 $0 $0 $0 $0 Subtotal $1,817,303 $1,851,121 $1,885,567 $1,920,655 $1,956,395 Total Projected Revenue from Sewer Sales $3,070,499 $3,106,822 $3,143,780 $3,181,384 $3,219,646 Table 4.04-1 Resulting Revenue from Proposed Rate Increases FINAL DRAFT - 05/23/19 SECTION 5 WATER AND SEWER CONNECTION FEE STUDY FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 5–Water and Sewer Connection Fee Study Prepared by Strand Associates, Inc. 5-1 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S5.docx 5.01 INTRODUCTION This section of the report is intended to calculate and provide justification for connection fees relating to water and sewer facilities required to meet the demands associated with the continued growth of the Village. In general, the proposed connection fees are intended to provide the Village with a mechanism to pay for the portion of facilities needed to accommodate future growth in the Village and pay for the unrecovered investment of available capacity. The Village has an existing connection fee ordinance the Village will need to amend to include the proposed water and sewer connection fees. The proposed connection fees are calculated for each meter size that is installed in the Village. The Village has not raised either water connection fees in almost 40 years, and sewer connection fees in over 45 years. This is a considerable amount of time without raising either of these fees, as these should be periodically reevaluated based on new connections, population, and the existing system valuation of both the water and sewer systems. It is recommended to adjust these rates based on the projections in this section of the report. Information related to existing facilities and proposed water and sewer rate structures can be found in Sections 3 and 4 of this report, respectively. For the purposes of this study, sewer account and connection data were assumed to be equivalent to the water account and connection data, with the “water only” accounts excluded. 5.02 POPULATION PROJECTIONS Future population projections for this study were analyzed using a variety of sources, including US Census data, Chicago Metropolitan Agency for Planning, LMO-2, the Illinois Environmental Protection Agency Customer Estimates, and the Village’s 2009 Comprehensive Plan. Ultimately, the population projection that was chosen for use in this study was a projection of the previous ten years of census data out to 2023. This projection provided a more conservative estimate of the Village’s population in 2023 compared to the other models, and as such it will provide a more reliable estimate of the necessary water and sewer connection fees required in the coming decades. Figure 5.02-1 displays some of the population projections that were analyzed for this study. By the end of 2017, there were approximately 13,000 total metered water and sewer connections reported in the Village’s billing data, 11,200 of which were residential metered connections. As such, past connection data was used in projecting the amount of new connections made by 2023. Over the past ten years, there has been an average of 19 new metered water and sewer connections made each year. This data can be seen in Table 5.02-1. This average was used as the projected amount of new water and sewer connections made each year out to the year 2023, which represents an increase of 95 metered connections. Assuming the ratio of total metered connections to residential metered connections remains relatively similar, this results in a projected increase of about 84 residential metered water and sewer connections. Year Number of New Connections 2008 25 2009 7 2010 50 2011 12 2012 15 2013 27 2014 9 2015 23 2016 19 2017 3 Average 19 Table 5.02-1 Past New Connections FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 5–Water and Sewer Connection Fee Study Prepared by Strand Associates, Inc. 5-2 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S5.docx Figure 5.02-1 Buffalo Grove Population Projections FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 5–Water and Sewer Connection Fee Study Prepared by Strand Associates, Inc. 5-3 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S5.docx 5.03 COSTS ASSOCIATED WITH FUTURE WATER SYSTEM IMPROVEMENTS Currently, new developers are required to provide the entire infrastructure needed within the development, including water and sewer service lines, sidewalks, landscaping, and other private utilities. Additionally, developers must provide appropriate connections to the existing utility system. This study assumes that this internal infrastructure will be provided by the developer along with the appropriate connections. The proposed water connection fees are based on costs incurred for adding capacity and other improvements to the system. Sewer connection fees are separate from the water utility. The calculations used to determine these connection fees are based on the buy-in method in the industry standard AWWA M1: Principles of Water Rates, Fees, and Charges. Because there is excess capacity within the existing water system, the Village could recover costs associated with the available capacity of the water system and the current value of the water system, which is known as the capacity buy-in approach. The reasoning of this approach is that new customers should pay for existing capacity at a rate consistent with the average value of the capacity of the existing system. For the Village, the existing system valuation for the buy-in fee was calculated by adding the total cost of water assets and subtracting the accumulated depreciation and outstanding debt principal. These values were obtained from the Village’s Capital Improvement Plan, 2017 budget, and the 2017 Water and Sewer Audit Ready spreadsheet, provided by the Village. Cost of Water Assets $48,952,447 Accumulated Depreciation $(21,622,343) Outstanding Debt Principal $( - ) Total Water System Valuation $27,330,103 5.04 WATER CONNECTION FEES The Village currently charges water connection fees based on the size of the connection and the land use of the structure that will be connected (such as single family, apartment, and commercial). It is recommended these fees be combined collectively into one fee, and this approach is used in this section of the report. The Village’s current water connection fees are shown in Table 5.04-1. Note, this connection fee does not include the cost or installation of the meter. A comparison of connection fees with comparable municipalities for a 1-inch connection is shown in Figure 5.04-1. Note, these municipalities were chosen for this comparison as they had their connection fees readily accessible and in the same fee structure as the others. FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 5–Water and Sewer Connection Fee Study Prepared by Strand Associates, Inc. 5-4 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S5.docx Figure 5.04-1 Existing Water Connection Fees for Comparable Municipalities Water Connection Fee Size of Connection (in) Fee 1 $100 1 1/4 $125 1 1/2 $150 2 $400 2 1/2 $625 3 $900 4 $1,600 6 $1,800 8 $2,000 10 $2,200 Water System Improvement Fee Structure Fee (per unit) Single Family Dwelling $680 Townhome $585 Condominium $485 Multi-Family Apartment $390 Business, Commercial, Industrial $95 per 100 gallons of Maximum Daily Usage (gpd, from permit) Table 5.04-1 Current Water Connection Fees FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 5–Water and Sewer Connection Fee Study Prepared by Strand Associates, Inc. 5-5 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S5.docx Calculations for estimating water and sanitary sewer connection fees are based on a residential equivalent unit (REU) basis. A residential unit is assumed to be equivalent to an average residential housing density of 2.70 persons per household. Changes in housing density and growth in general should be monitored and used to periodically amend the connection fees as necessary. Connection fees are based on service meter sizes and conversion ratios to determine fees for larger users. The conversion ratios are based on AWWA standard meter flow capacities compared to that of a 1-inch sized meter, which was chosen as the “base” meter size. This size was chosen based on Village recommendations. Table 5.04-2 presents the conversion ratios used to calculate water connection fees. A total of 14,927 household connections was calculated based on dividing the 2040 design population of 40,304 by the housing density of 2.70. With an existing system valuation of $27,330,103, the water connection fee for each REU would be $1,830. This connection fee was calculated by dividing the existing system valuation by the total number of household connections. This calculates the proportionate share of capacity that each household connection would “buy in” to the system. Table 5.04-3 presents the recommended water connection fees for each utility district, based on meter size. Note, this connection fee does not include the cost of the meter. A comparison with comparable municipalities for the proposed 1-inch connection size fee is shown in Figure 5.04-2. Meter Size (inches) Conversion Ratio 3/4 0.60 1 1.00 1 1/2 2.00 2 3.20 3 6.00 4 10.00 6 and larger 20.00 Table 5.04-2 Meter Size Conversion Ratios Meter Size (inches) Water Connection Fee 3/4 $1,098 1 $1,830 1 1/2 $3,660 2 $5,856 3 $10,980 4 $18,300 6 and larger $36,600 Table 5.04-3 Recommended Water Connection Fees FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 5–Water and Sewer Connection Fee Study Prepared by Strand Associates, Inc. 5-6 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S5.docx 5.05 COSTS ASSOCIATED WITH FUTURE SEWER SYSTEM IMPROVEMENTS The recommended connection fees for the sewer system were determined using the same buy-in approach as the water connection fees. These total cost of water assets, the accumulated depreciation, and the outstanding debt principal values were obtained from the Village’s CIP, 2017 budget, and the 2017 Water and Sewer Audit Ready spreadsheet, provided by the Village. Cost of Sewer Assets $15,339,003 Accumulated Depreciation $(7,192,892) Outstanding Debt Principal $( - ) Total Sewer System Valuation $8,146,111 Figure 5.04-2 Proposed Water Connection Fees Compared to Comparable Municipalities FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 5–Water and Sewer Connection Fee Study Prepared by Strand Associates, Inc. 5-7 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S5.docx 5.06 SANITARY SEWER CONNECTION FEES Calculations for estimating sanitary sewer connection fees are based on the same REU basis as the water connection fees. The housing density of 2.70 persons per household was assumed to remain constant between the water and sewer connections. The conversion ratios were also based on the AWWA standard meter flow capacities. These were also compared to that of a 3/4-inch sized meter, which was chosen as the “base” meter size because of the large number of residential meters in this size. Table 5.04-1 in Section 5.04 presents the conversion ratios used to calculate sanitary sewer connection fees, as well as the water connection fees. The Village’s current water connection fees are shown in Table 5.06-1. A comparison of connection fees with comparable municipalities for a 1-inch connection is shown in Figure 5.06-1. For the purposes of this figure, a 6-inch connection in the Village was graphed as an equivalent to a 1-inch metered connection in other municipalities, as there were no comparable municipalities with a similar sewer connection fee structure as the Village. Size of Connection (in) Fee 6 $50 8 $200 10 $300 Table 5.06-1 Existing Sewer Connection Fees Figure 5.06-1 Existing Sewer Connection Fees Compared to Comparable Municipalities FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 5–Water and Sewer Connection Fee Study Prepared by Strand Associates, Inc. 5-8 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S5.docx For the Village, using a total of 14,927 household connections and an existing system valuation of $8,146,111, the sanitary sewer connection fee for each REU would be $550. Table 5.06-2 presents the recommended sanitary sewer connection fees for each utility district, based on connection size. These fees would be applicable for Lake County only, as the sanitary sewer fees for Cook County are included in the property tax bills. These fees do not include any meter fee associated with the connection. A comparison with comparable municipalities for the proposed sewer connection fees is shown in Figure 5.06-2. As the Village operates their connection fees on a connection size basis instead of a meter size basis, slight adjustments to the calculation process were necessary in order to maintain the Village’s current fee structure. It was assumed that a 6-inch sewer connection would be equivalent to a 1-inch meter size conversion ratio, an 8-inch connection would be equivalent to a 1 1/2-inch meter size conversion ratio, and a 10-inch connection would be equivalent to a 2-inch meter size conversion ratio. It is recommended the Village moves to a connection fee structure based on meter size, as it allows for a more accurate assessment of the connection fee required. Many neighboring and comparable communities also use a meter size-based fee structure for their sewer connection fees. Figure 5.06-2 Proposed Sewer Connection Fees Compared to Comparable Municipalities Connection Size (inches) Sewer Connection Fee 6 $550 8 $1,100 10 or larger $1,760 Table 5.06-2 Recommended Sanitary Sewer Connection Fees FINAL DRAFT - 05/23/19 SECTION 6 RECOMMENDED RATE STRUCTURE AND PROJECTED CASH FLOW FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 6–Recommended Rate Structure and Projected Cash Flow Prepared by Strand Associates, Inc. 6-1 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S6.docx\052319 6.01 RECOMMENDED WATER AND SEWER RATE STRUCTURES Based on the projected revenue requirements associated with the forecasted water sales from year 2020 through 2024, a rate structure has been developed that will generate revenues to cover the requirements. The water rate structure is shown in Table 6.01-1 and the recommended sewer rate structure is shown in Table 6.01-2. The water rate structure used in this section is the non-debt service rate alternative from Section 3.03 as a long-term approach fund the water main replacement. The Water System Study identified $95 million worth of water main beyond its service life to be replaced in the next 20 years. The debt service alternative included financing $15 million for the first five years of water main replacement. To replace the remaining $80 million of water main over the following 15 years would require a $5.33 million annual capital cost. This annual cost would be in addition to the projected debt service payment of approximately $1,240,000 until 2040. As a result, water rates after 2024 would likely be higher in the debt service alternative than the water rates with annual revenues funding the water main replacement program. The annual revenues funding the water main replacement program increases rates to levels that generate needed revenue to continue funding the replacement program after 2024. This approach would be less likely to need a significant rate increase in 2025. Current Proposed Water Volumetric Fee (per 1,000 gal) (per 1,000 gal) 2020 2021 2022 2023 2024 $5.12 $7.02 $7.73 $8.51 $9.37 $10.32 Annual Percent Increase 37% 10% 10% 10% 10% Current Proposed Water Fixed Fee Per Month* 2020 2021 2022 2023 2024 $ - $9.26 $9.26 $9.26 $9.26 $9.26 Annual Percent Increase - - - - - *Users are charged on a bimonthly basis Table 6.01-1 Proposed 2020 to 2024 Water Fees FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 6–Recommended Rate Structure and Projected Cash Flow Prepared by Strand Associates, Inc. 6-2 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S6.docx\052319 Recommended connection fees for the water and sewer systems are presented in Tables 6.01-3 and 6.01-4, respectively. These connection fees do not include the cost of the meter or its installation. The recommended water connection fee merges the current water connection fee and water system improvement fee into a single fee, as is more typical. Current Proposed Sewer Volumetric Fee (per 1,000 gal) (per 1,000 gal) 2020 2021 2022 2023 2024 $1.25 $1.70 $1.76 $1.83 $1.91 $1.98 Annual Percent Increase 36% 4% 4% 4% 4% Current Proposed Sewer Fixed Fee Per Month* 2020 2021 2022 2023 2024 $ - $8.13 $8.13 $8.13 $8.13 $8.13 Annual Percent Increase - - - - - *Users are charged on a bimonthly basis Table 6.01-2 Proposed 2020 to 2024 Sewer Fees Cost Per Connection Size 3/4 inch $1,098 1 inch $1,830 1 1/2 inch $3,660 2 inches $5,856 3 inches $10,980 4 inches $18,300 6 inches or larger $36,600 Table 6.01-3 Recommended Water Connection Fees Cost Per Connection Size 6 inches $550 8 inches $1,100 10 inches $1,760 Table 6.01-4 Recommended Sewer Connection Fees FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 6–Recommended Rate Structure and Projected Cash Flow Prepared by Strand Associates, Inc. 6-3 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S6.docx\052319 Figure 6.01-1 shows the Village’s typical combined water and sewer monthly residential bill in comparison to neighboring utilities. Table 6.01-5 provides additional details on the residential user impacts of the water and sewer rate increases. Figure 6.01-1 Typical Combined Residential Water and Sewer Monthly Bills FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 6–Recommended Rate Structure and Projected Cash Flow Prepared by Strand Associates, Inc. 6-4 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S6.docx\052319 6.02 PROJECTED CASH FLOW BALANCE SHEETS FOR 2020 THROUGH 2024 This study closely followed the Village’s accounting approach and historic data to forecast revenue and expenses. The resulting forecasted balance sheets were created. Table 6.02-1 shows the forecasted water cash flow and Table 6.02-2 shows the forecasted sewer cash flow when implementing the rate structures previously recommended. Water 2019 2020 2021 2022 2023 2024 Average Monthly Water and Sewer Usage (1,000 gal) 4.50 4.50 4.50 4.50 4.50 4.50 Water Base Charge* $- $9.26 $9.26 $9.26 $9.26 $9.26 Water Volumetric Rate $5.12 $7.02 $7.73 $8.51 $9.37 $10.32 Water Volume Charge $23.04 $31.59 $34.79 $38.30 $42.17 $46.44 Average Monthly Water Bill $23.04 $40.85 $44.05 $47.56 $51.43 $55.70 Monthly Increase - $17.81 $3.20 $3.51 $3.87 $4.28 Sewer Sewer Base Charge* $4.00 $8.13 $8.13 $8.13 $8.13 $8.13 Sewer Volumetric Rate $1.25 $1.70 $1.76 $1.83 $1.91 $1.98 Sewer Volume Charge $5.63 $7.65 $7.92 $8.24 $8.60 $8.91 Average Monthly Sewer Bill $7.63 $15.78 $16.05 $16.37 $16.73 $17.04 Monthly Increase - $8.15 $0.27 $0.32 $0.36 $0.31 Total Water and Sewer Average Yearly Billings $368.04 $679.56 $721.14 $767.04 $817.80 $872.88 Yearly Increase - $311.52 $41.58 $45.90 $50.76 $55.08 Percent Increase - 84.64% 6.12% 6.36% 6.62% 6.74% *Users are billed on a bimonthly basis Table 6.01-5 Impacts to Average Residential Users’ Monthly and Yearly Water and Sewer Billing FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 6–Recommended Rate Structure and Projected Cash Flow Prepared by Strand Associates, Inc. 6-5 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S6.docx Table 6.02-1 Projected Water Fund Cash Flow Description 2020 2021 2022 2023 2024 OPERATING REVENUES Building Revenues and Fees $10,000 $10,000 $10,000 $10,000 $10,000 Sales of Water Sale of water $9,288,383 $10,274,444 $11,052,470 $11,896,802 $12,813,175 Penalties $110,000 $110,000 $110,000 $110,000 $110,000 Turn-On Fees $1,000 $1,000 $1,000 $1,000 $1,000 Construction Water $- $- $- $- $- Total Operating Revenues $9,409,383 $10,395,444 $11,173,470 $12,017,802 $12,934,175 EXPENSES Salary Expenses Personnel Wages $703,681 $717,754 $732,109 $746,752 $761,687 Personnel Benefits $373,143 $380,605 $388,217 $395,982 $403,901 Salary Expenses Subtotal $1,076,823 $1,098,360 $1,120,327 $1,142,733 $1,165,588 Variable Expenses Operating Expenses $1,783,776 $1,819,452 $1,855,841 $1,892,957 $1,930,817 Commodities $258,876 $264,054 $269,335 $274,721 $280,216 Maintenance and Repairs $145,758 $148,673 $151,647 $154,680 $157,773 Capital Reserve Transfers $62,934 $64,193 $65,477 $66,786 $68,122 Contractual Services $124,445 $126,934 $129,473 $132,062 $134,703 Internal Service Transfers $404,239 $412,324 $420,571 $428,982 $437,562 Variable Expenses Subtotal $2,780,028 $2,835,629 $2,892,342 $2,950,188 $3,009,192 Planned Capital Improvement Projects $2,872,000 $3,140,000 $3,547,000 $5,077,000 $7,068,000 Operating Transfers $945,000 $945,000 $945,000 $945,000 $945,000 Debt Service Existing Debt Service $524,003 $565,342 $608,374 $651,406 $694,438 Future Debt Service $- $- $- $- $- Debt Service Subtotal $524,003 $565,342 $608,374 $651,406 $694,438 Total Expenses $8,197,855 $8,584,331 $9,113,042 $10,766,328 $12,882,218 Net Total $1,211,528 $1,811,113 $2,060,427 $1,251,474 $51,957 Reserve Fund* $2,612,162 $4,423,275 $6,483,703 $7,735,177 $7,787,134 *The December 31, 2018 cash balance for water was $1,400,634. No additions to the cash reserves in 2019 is assumed. All net positive income is assumed to be added to reserves. FINAL DRAFT - 05/23/19 Village of Buffalo Grove, Illinois Water and Sewer Rate Study Section 6–Recommended Rate Structure and Projected Cash Flow Prepared by Strand Associates, Inc. 6-6 R:\JOL\Documents\Reports\Archive\2019\Buffalo Grove, IL\Wtr-SewerRateStdy.1307.002.April2019.CJU\Report\S6.docx Table 6.02-2 Projected Sewer Fund Cash Flow Description 2020 2021 2022 2023 2024 OPERATING REVENUES Building Revenues and Fees Lake County Tap-On Fees $100,000 $100,000 $100,000 $100,000 $100,000 Village Tap-On Fees $800 $800 $800 $800 $800 System Improvement Fees $5,000 $5,000 $5,000 $5,000 $5,000 Sanitary Sewer Service Fees $3,485,000 $3,485,000 $3,485,000 $3,485,000 $3,485,000 Sales of Sewer $3,070,499 $3,106,822 $3,143,780 $3,181,384 $3,219,646 Total Operating Revenues $6,661,299 $6,697,622 $6,734,580 $6,772,184 $6,810,446 EXPENSES Salary Expenses Personnel Wages $253,890 $258,968 $264,147 $269,430 $274,819 Personnel Benefits $203,144 $207,207 $211,351 $215,578 $219,890 Salary Expenses Subtotal $457,034 $466,175 $475,499 $485,009 $494,709 Variable Expenses Operating Expenses $12,954 $13,213 $13,477 $13,747 $14,022 Commodities $3,699,285 $3,773,271 $3,848,736 $3,925,711 $4,004,225 Maintenance and Repairs $43,656 $44,529 $45,420 $46,328 $47,255 Capital Reserve Transfers $31,563 $32,194 $32,838 $33,495 $34,165 Contractual Services $24,480 $24,970 $25,469 $25,978 $26,498 Internal Services Transfers $211,190 $215,414 $219,722 $224,116 $228,599 Variable Expenses Subtotal $4,023,128 $4,103,590 $4,185,662 $4,269,375 $4,354,763 Planned Capital Improvement Projects $1,902,000 $1,239,000 $2,024,000 $1,275,000 $1,735,000 Debt Service Existing Debt Service $- $- $- $- $- Future Debt Service $- $- $- $- $- Debt Service Subtotal $- $- $- $- $- Total Expenses $6,382,162 $5,808,766 $6,685,161 $6,029,384 $6,584,472 Net Total $279,136 $888,857 $49,419 $742,800 $225,974 Reserve Fund* $1,486,759 $2,375,616 $2,425,035 $3,167,835 $3,393,809 *The December 31, 2017 cash balance for sewer was $1,207,623. No additions to the cash reserves in 2019 is assumed. All net positive income is assumed to be added to reserves. FINAL DRAFT - 05/23/19 Office Locations For more location information please visit www.strand.com Brenham, Texas | 979.836.7937 Cincinnati, Ohio | 513.861.5600 Columbus, Indiana | 812.372.9911 Columbus, Ohio | 614.835.0460 Indianapolis, Indiana | 317.423.0935 Joliet, Illinois | 815.744.4200 Lexington, Kentucky | 859.225.8500 Louisville, Kentucky | 502.583.7020 Madison, Wisconsin* | 608.251.4843 Milwaukee, Wisconsin | 414.271.0771 Phoenix, Arizona | 602.437.3733 *Corporate Headquarters FINAL DRAFT - 05/23/19