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Baseline 2013 Revenue
<br /> (based on 2008-2011 Avg usage from comparative sales report)
<br /> Origional Revenue Goal- $ 2,165,000 8.57% increase
<br /> Revised Revenue Goal Revenue Revenue
<br /> No rate increases No rate increases
<br /> Projected Sales Units No Growth Growth as projected
<br /> 663,677 $ 1,984,689 $ 1,994,157
<br /> 9%Revenue Increase $ 2,173,631
<br /> 8%Revenue Increase $ 2,153,690
<br /> 7%Revenue Increase $ 2,133,748
<br /> 6%Revenue Increase $ 2,113,806
<br /> 5%Revenue Increase $ 2,093,865
<br /> 4%Revenue Increase $ 2,073,923
<br /> 3%Revenue Increase $ 2,053,982
<br /> 2%Revenue Increase $ 2,034,040
<br /> Modeled Revenue: $ '_. 2,041234 :a4541
<br /> Other revenue updated to include the additional 2013-2015 revenue from Sprint tower lease- 1 additional
<br /> Connection Fee Notes
<br /> Approx Impact 2013 2014 2015
<br /> Increased Connection Fees: $ 21,000 $ 43,000 $ 64,000
<br /> Increased Connection Fees-Detail:
<br /> 3 year plan to close gap with staggered increases to eliminate seperate senior rate in 2015
<br /> 3 year plan that brings the projected connection fees in line with the General and Administrative budget
<br /> Cross over projected in 2015
<br /> 2012 2013 2014 2015
<br /> Connection Fees • -0.00% 4:00%. • 4.00%
<br /> I Residential Rate $ 7.50 $ 7.80 $ 8.11 $ 8.43
<br /> Senior Rate $ 5.50 $ 6.50 $ 7.50 $ 8.43 parity in 2015
<br /> Connection Fees(comparison to General and Administrative budget)
<br /> 2013 2014 2015
<br /> Aggregate connection fees $ 479,553 $ 503,923 $ 529,892
<br /> GOH budget $ 492,477 $ 507,251 $ 522,469
<br /> Difference $ (12,924) $ (3,328) $ 7,423
<br /> Usage Fee Notes
<br /> Approx Impact 2013 2014 2015
<br /> Increased Usage Fees: $ 26,000 $ 52,000 $ 78,000
<br /> Increased Usage Fees-Detail:
<br /> Increase applied to Tier 1 rates only. No updates to Tier 3 and 4 rates-this allows the gap to shrink
<br /> between usage rates,while maintining the conservation initiative rates at a flat level.
<br /> 2012 2013 2014 2015
<br /> Usage Fees(Tier 1) 0.00% 4.00% 4.00% 4.00%
<br /> Tier 1 $ 1.50 $ 1.56 $ 1.62 $ 1.68
<br /> (residential and commercial)
<br /> Cash Reserves Notes
<br /> Trunk fund forecast included as capital funding source,reduces need to bond and help normalize
<br /> impact to cash flow in years with significant projects.
<br /> 2012 2013 2014 2015
<br /> Target cash reserve amount 1,167,082 1,212,625 922,476 963,196 Bonding is projected
<br /> Projected cash balance 2,965,616 2,317,466 1,657,277 1,438,363 in 2016
<br /> Over target cash reserve 1,798,535 1,104,841 734,802 475,168
<br /> draw down draw down draw down
<br /> Note:Target cash reserve equals 6 mos of operating
<br /> expenses,plus 100%of next years debt
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