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Baseline 2014 Revenue <br /> Modeled Revenue: 2013 $ 2,041,234 2.4% <br /> Modeled Revenue: 2014 $ 2,100,000 2.9% <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% 4.00% <br /> 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 /> 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 1,201,476 1,234,106 935,534 977,798 Bonding is projected <br /> Projected cash balance 3,254,530 2,952,230 2,634,347 2,483,259 in 2016 and 2018 <br /> Over target cash reserve 2,053,055 1,718,124 1,698,813 1,505,461 <br /> draw down draw down draw down <br /> Note:Target cash reserve equals 6 mos of operating <br /> expenses, plus 100%of next year's debt <br /> 64 <br />