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Table A10
<br /> Redwood City Sewer Enterprise Cash Flow Projections
<br /> 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22
<br /> Sewer Rate Increase 9.0% 9.0% 9.0% 4.0% 4.0% 4.0% 4.0% 2.0% 2.0%
<br /> Growth 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%
<br /> City Cost Escalation 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% TI
<br /> SVCW Cost Escalation 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% '
<br /> Interest Earnings Rate 1.0% 1.5% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% v
<br /> Beginning Fund Reserves $16,479,000 $16,054,000 $18,819,000 $21,313,000 $21,923,000 $21,959,000 $22,168,000 $22,638,000 $22,729,000(p
<br /> (D
<br /> REVENUES co
<br /> Sewer Service Charges
<br /> Redwood City 23,750,000 26,130,000 28,540,000 29,750,000 31,010,000 32,320,000 33,690,000 34,440,000 35,210,000
<br /> Contract Agencies(Accrued) 4,757,000 5,478,000 6,693,000 7,941,000 9,238,000 10,152,000 10,513,000 10,714,000 10,914,000
<br /> Subtotal 28,507,000 31,608,000 35,233,000 37,691,000 40,248,000 42,472,000 44,203,000 45,154,000 46,124,000
<br /> Interest income 129,000 80,000 188,000 320,000 438,000 439,000 443,000 453,000 455,000
<br /> Facilities&connection fees 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000
<br /> Other 80,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
<br /> Total 28,916,000 31,988,000 35,721,000 38,311,000 40,986,000 43,211,000 44,946,000 45,907,000 46,879,000
<br /> EXPENSES
<br /> Operating&Maintenance
<br /> Sanitary Sewer Maintenance 3,648,379 3,794,000 3,946,000 4,104,000 4,433,000 4,610,000 4,794,000 4,986,000 5,185,000
<br /> Storm Water Collection&Disposal 799,000 831,000 864,000 899,000 935,000 972,000 1,011,000 1,051,000 1,093,000
<br /> Revenue Services Contribution 475,000 494,000 514,000 535,000 556,000 578,000 601,000 625,000 650,000
<br /> Right-of-Way Contribution 1,865,000 1,865,000 1,865,000 1,865,000 1,865,000 1,865,000 1,865,000 1,865,000 1,865,000
<br /> Capital Improvements(not capitalizable)
<br /> 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
<br /> SVCW Wastewater Treatment
<br /> Operations 8.436.000 9.008.000 9.418.000 9.841.000 10.218.000 10.677.000 11.158.000 11.739.000 12.326.000
<br /> Subtotal 15,323,000 16,092,000 16,707,000 17,344,000 18,107,000 18,802,000 19,529,000 20,366,000 21,219,000
<br /> Debt Service
<br /> Senior Debt(SBSA Bonds)
<br /> City Share of 2008 SBSA Bonds 458,000 454,000 455,000 451,000 456,000 455,000 453,000 456,000 453,000
<br /> City Share of 2009 SBSA Bonds 2,962,000 2,949,000 2,938,000 2,923,000 2,908,000 2,890,000 2,873,000 2,854,000 2,830,000
<br /> Less Refundable Credits for 2009 Bonds (816,000) (807,000) (796,000) (783,000) (769,000) (754,000) (738,000) (719,000) (698,000)
<br /> City Share of 2014 SBSA Bonds 0 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000
<br /> City Share of Future SBSA Bonds 0 0 500.000 1.282.000 1.656.000 1.796.000 1.796.000 1.796.000 1.796.000
<br /> Subtotal Senior Debt 2,604,000 5,596,000 6,097,000 6,873,000 7,251,000 7,387,000 7,384,000 7,387,000 7,381,000
<br /> Subordinate Debt
<br /> City Share of Outstanding SBSA SRF
<br /> Loans 374,000 374,000 1,479,000 1,479,000 1,479,000 1,479,000 1,479,000 1,479,000 1,479,000
<br /> City Share of Future SBSA SRF Loans 0 0 726,000 1,392,000 5,546,000 9,227,000 9,227,000 9,227,000 9,227,000
<br /> City Share of Line of Credit Payments 36,000 49,000 61,000 73,000 0 0 0 0 0
<br /> Subtotal Subordinate Debt 410,000 423,000 2,266,000 2,944,000 7,025,000 10,706,000 10,706,000 10,706,000 10,706,000
<br /> Total Combined Debt Service 3,014,000 6,019,000 8,363,000 9,817,000 14,276,000 18,093,000 18,090,000 18,093,000 18,087,000
<br /> A-22
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