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MUM <br />?Sail, <br />'g Financial & Rate Projections <br />WI <br />BWA developed 10 -year financial projections to evaluate annual revenue <br />requirements and rates <br />Based on 2018/19 budget and slightly conservative assumptions <br />Incorporates SVCW's updated CIP and financial projections <br />► Includes $7.5M+ per year of funding for City sewer infrastructure needs <br />Recommend 3 years of rate increases to provide adequate financing capacity <br />for SVCW planned debt issuance (WIFIA, Bonds, SRF) <br />Proposed Overall Sewer Rate Increases <br />'FiscalYear 2019/20 2020/21 2021/22 <br />Steady Gradual Approach 4.5% 4.5% 4.5% <br />11 -0 <br />Redwood City <br />Projected Sewer Enterprise Revenues & Expenses <br />$70 <br />SVCW Capital & Reserves <br />�^ SVCW Debt Service <br />$60 SVCW Operating Costs <br />City Capital Improvements: <br />_ City Operating Casts 2.9 <br />0 � Revenues 2.7 <br />o $s0 2 !2.4 <br />.s <br />5 15.4 1.8. <br />$40 1 4 15.4 <br />15.4 <br />to 14.2 <br />m 11.0 1a.1 <br />CL <br />W $30 <br />75- <br />$20 <br />$20 <br />$10 <br />$0 <br />.5 <br />7. <br />2018119 2019120 2026121 2021122 2022!23 2023124 MUM 2025126 2026f27 2027128 2028129 <br />12 Revenues assume steady, gradual 4.5% annual rate increases <br />23 <br />