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City of Redwood City Water Rate Study 1B. GeneralAssumptionsFY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 FY 2028-29 FY 2029-30 FY 2030-31 FY 2031-32 FY 2032-33 FY 2033-34 FY 2034-35 NotesaGeneral InflationPer Budget 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% To Table 2; City reviewed projectionbSalaries and WagesPer Budget 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% To Table 2; City reviewed projectioncBenefitsPer Budget 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% To Table 2; City reviewed projectiondConstruction Cost InflationPer Budget 3.26% 3.26% 3.26% 3.26% 3.26% 3.26% 3.26% 3.26% 3.26% 3.26% To Table 2; 10-year average increase SF-Bay Area CCIeUtilitiesPer Budget 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% To Table 2; Based historical PG&E electric rate increases; City reviewed projectiof% Increase in Revenue due to Growth Per Budget 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% To Tables 2, 3; City reviewed projectiongInterest on Fund Balance1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% To Table 5; City reviewed projectionhCIP Completion Factor100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% City reviewed projectioniSFPUC Cost of Purchased Water$5.67 $5.80 $5.86 $5.93 $6.23 $6.73 $6.93 $7.14 $7.35 $7.57 $7.80 SFPUC issued notice of rates for FY 2025-26jSFPUC Cost of Purchased Water % Per Budget 2.3% 1.0% 1.2% 5.1% 8.0% 3.0% 3.0% 3.0% 3.0% 3.0% Rate increases for FY 2026-27 and after are projectedkGrowth in DemandPer Budget 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% No assumed demand growthHF&H Consultants, LLC 6/16/2025 1:45 PMRWC_Water_Model_6Jun2025.xlsx 1B. GeneralATTY/RESO.0109/CC RESO WATER RATES - EXHIBIT A REV: 11-05-25 MI