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<br />Table 11
<br />Redwood City Water Financing Plan
<br />Recommended Fund Reserve Target
<br />
<br />2004 Update
<br />
<br />2004/05
<br />
<br />2005/06
<br />
<br />2006/07
<br />
<br />2007/08
<br />
<br />2008/09
<br />
<br />2009/10
<br />
<br />2010/11
<br />
<br />2011/12
<br />
<br />2012/13
<br />
<br />2013/14
<br />
<br />2014/15
<br />
<br />Emergency Operating Reserves 1
<br />
<br />$2,000,000
<br />
<br />Drought Contigency Reserves2
<br />Additional cost of wholesale water from SFPUC
<br />Drought year purchases with 10% conservation
<br />Less SFPUC purchases in a normal year
<br />Increase in SFPUC wholesale costs
<br />
<br />Revenues lost due to reduction in water sales
<br />10% reduction in sales (cet)
<br />Projected average rate per ccf3
<br />Lost revenues due to reduction in water sales
<br />
<br />Subtotal annual drought relief reserves (rounded)
<br />
<br />Minimum Fund Reserve Target
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$2,000,000
<br />
<br />$12,892,000 $11,975,000 $11,572,000 $11,538,000 $12,966,000 $14,077,000 $15,306,000 $17,598,000 $18,898,000 $19,978,000 $20,838,000
<br />(6,645,521) (6,538,535) (7,151,285) (7,807,134) (8,633,404) (9,422,823) (10,903,069) (12,516,741) (13,985,738) (15,422,731) (16,827,716)
<br />6,246,479 5,436,465 4,420,715 3,730,866 4,332,596 4,654,177 4,402,931 5,081,259 4,912,262 4,555,269 4,010,284
<br />
<br />560,094 551,078 534,176 523,617 525,386 524,802 517,641 517,841 512,692 507,544 502,395
<br />2.00 2.24 2.51 2.81 2.99 3.18 3.39 3.61 3.84 4.09 4.36
<br />1,120,189 1,234,414 1,340,782 1,471,365 1,570,904 1,668,871 1,754,803 1,869,407 1,968,739 2,075,854 2,190,442
<br />7,370,000 6,670,000 5,760,000 5,200,000 5,900,000 6,320,000 6,160,000 6,950,000 6,880,000 6,630,000 6,200,000
<br />9,370,000 8,670,000 7,760,000 7,200,000 7,900,000 8,320,000 8,160,000 8,950,000 8,880,000 8,630,000 8,200,000
<br />
<br />1 Council policy.
<br />2 Assuming a 20% SFPUC systemwide drought and 10% additional local conservation during drought.
<br />3 Based on 2004/05 Tier 2 rate of $2.00 per ccf, adjusted for rate increases.
<br />
<br />BARTLE WELLS ASSOCIA TES
<br />F:\Jobs\Redwood City\1921\ \Redwood City Tables 12-20-04\Fund Rsrvs,12/21/2004,5:54 PM
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