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Saint John Water 2017 Operating Budget5,7 J` P`,;�','J,` M&C No. 2016-268 Report Date November 08, 2016 Meeting Date November 14, 2016 Service Area Saint John Water His Worship Mayor Don Darling and Members of Common Council: OPEN OR CLOSED SESSION This matter is to be discussed in open session of Common Council. AUTHORIZATION Primary M::a:r:y: Author Commissioner/Dept. Head City AVlanager � J. Brent McGovern J. Brent McGovern Jeff Trail The following resolutions are in order provided Council is supportive of the recommended attached budgets. It is recommended that Common Council adopt the following: 1. RESOLVED that the estimated revenue for the Water and Sewerage Utility for the year 2017 in the amount of $45,250,000 be adopted 2. RESOLVED that the estimate of expenses for the Water and Sewerage Utility for the year 2.017 in the amount of $45,250,0100 be approved (Appendix "A"); and 3. RESOLVED that the By -Law entitled A By -Low to Amend a BY -Low Respecting Water & Sewerage (Appendix "C") be given first and second reading: A By -low to amend a By -low respecting Water and Sewerage be amended by repealing Schedules "A' and "B" in Section 44, and substituted by the submitted 2017 Schedules "A" and "B". and 4. RESOLVED that Common Council approve the 2017 Capital Budget for the Utility Fund in the amount of $38,440,875 (gross) with contributions from other sources of $31,832,125 resulting in a Capital budget in the amount of $6,608,750 (net) as per the attached report. Mus A1the October 13,2OlGmeeting nfthe Finance Committee, Saint John Water presented in detail the 2017 Service Based Budget (Operating) complete with an overview of the 2817 Capital Utility Program and at the meeting, it was " RESOLVED that the Finance Committee recommend thiat the submitted Saint John Water Utility budget bepresented toCommon Council with a recommendation toreceive and N]e." At the October 31, 2016 meeting of Common Council, an, overview of the 2017 Water 0^ Sewerage Utility Budgets were provided to Council along with an opportunity for Council to ask questions, the accompanying report was received and filed. Provided Council issupportive ofthe recommended attached budgets (Operating and Capita|),|tisrecommended that Common Council proceed with first and second reading. "RESOLVED that Common Council review the attached documents, advise staff mfany questions orrecommendations; and receive and file thisnaport." SfRWYCEA8AD FINANCIAL OUTCOMES See enclosed Service -Based Budget 2017-2019 ATTACHMENTS M&C 2016-258 c/w associated attachments wo yew M, Tht, Gi,), of S,�;rt john October 26, 2016 Your Worship Mayor Don Darling & Members of Common Council: Re: Saint John Water— 2017 Water& Sewer UtHRK 40A!ets As Chairman of the Finance Committee, I am writing on behalf of the Committee to advise that at a meeting of October 13, 2016, Saint John Water presented the 2017 Service Based Budget Operating) complete with an overview of the 2017 Capital Utility Program. At that meeting, it was "RESOLVED that the Finance Committee recommend that the submitted Saint John Water Utility Budget be presented to Common Council with a recommendation to receive and file." Please find attached a copy of M&C 2016-258 which includes the 201.7 Saint John Water Operating and Capital Budgets. Yours sincerely, David Merrithew Chairman, Finance Committee City of Saint John Encl.; M&C 2016-258 c/w supporting documents :-10 8")x SAn',. Jcj,n, ',,,J,, (!�injdi E,)! 41, 1 Canad�l t'l 4LI 271 ' M&C No, 2016-258 Report Date October 31, 2016 Meeting Date October 24, 2016 Service Area Saint Jo -hr Water__ His Worship Mayor Don Darling and Members of Common Council SUBJECT. OPEN URCLOSED SESSION This matter istobediscussed inopen session of Common Council, AUTHORIZATION Primary Author iCommissioneir/Dept. Head I City Manager J. Brent McGovern I J. Brent McGovern RECOMMENDATION It is recommended that Common Council review the attached documents, advise staff ofany questions orrecommendations; and receive and file this report. EXECUTIVE SUMMARY The proposed 2017 Operating budget holds a service level that is similar to the service levels in the 2016 budget osdetailed inthe attached Service Based Budget document. The net result ofthese proposed changes is recommended overall Operating budget increase of $1,303,000. Absent the increased investment in Capital from Operating and the decrease in fiscal charges, the increase in the Operating budget for 2O17is$1B1,0OO or0.896year over year, The recommended CapitaKbudget for 2U17is$38.44Million; $5.D1 Million being the Utility cost and $31,83 Million being a contribution from the other levels of government. The Operating and Capital budget as being presented for 2017 will not result in any increased debt for the Utility. Included in the 2016 Budget was $2.3 Million and included in the 2017 Budget is a recommended $6.0 Million dollar investment imthe Safe, Clean Drinking Water capital asset reserve, Council is required to set the water rates that recover the Operating and Capital costs of the UU|ity. It is important that rates are affordable, although it is challenging given the financial obligations facing the Utility in the coming years (Safe, Clean Drinking Water Project) and those incurred in the recent past (Harbour Clean-up). A focus on strategic spending, continuous improvement/revenue generation initiatives, operational cost reductions, leveraging of funding from other levels of government along with a focus on 272 paying dum/m debt can, ensure that our water rates s1abi0ze and become more affordable in the long term. The Oat rate being recommended for 2017 is$12961.This rate is consistent with forecasted rates over the past 4years and it represents an annual increase of $72im2U27or$6.0Oper month, per residential flat rate user. m/a STRATEGIC ALIGNMENT Saint John Water inalignment vvitNCounc||'oneoantk/discussed priorities is taking a strategic approach 10financial management nfthe Utility bvincreasing the contribution offunding from capital tooperating and the Safe, Clean Drinking Water reserve fund while also adhering to Utility's financial model'. Attached to this narrative are draft documents for Council's consideration. These include: 1) Proposed Water & Sewer Utiiity Operating Budget 2017; Z\ Proposed By-law amendment which vvNK sat the rates for 2017 (includes a 2 -year projection); and 3) Proposed Water & Sewer Utility Capital Budget 2017. It is anticipated that Council, having reviewed the documents and being satisfied with the information contained therein, vviN give consideration to adopting the recommendations set out ata subsequent Common Council meeting proposed for November l4,2O1O. I Annual Rate for flat rate for a single family dwelling including both water and sanitary sewerage 273 -3 - The proposed 2017Operating budget ho]dsaservice level that issimilar Lothe service levels imthe 2016budget asdetailed imthe attached Service Based Budget document. The more significant changes are detailed be|ovv. 2017 Proposed 2016 Appiroveyfl Wages &Eenc0ts Capital from Operating Debt Servicing Electricity Chemicals Professiona|Semilces Asset Management (Video Inspection) Description of Variances, 1. Wages and Benefit: Variance %|ncrease $I,308,000 2.96% $109,O@U $1,4Q6'OU8 ($42O,O0O) ($42,OUU) $1O5/O00 ($35,8pO) � Necessary increases associated with Collective Agreements and annual cost ofliving increases. 0 Overtime to adequately cover service area needs. I. Capital from Operating Aligning with Council's recently discussed priority for fiscal responsibility, the increased investment in Capital from Ope/at�ng continues the strategy introduced in the 2014 Budget to deliberately fund renewal capital out of the Operating Fund while at the same time increasing the reserve funds for the Safe, Clean Drinking Water Project. This reduces the amount of borrowing required in future years, reducing debt servicing costs. 3. Debt Servicing Funding received from other levels of 8mvennnnmmt combined with lower interest rates is resulting in lower debt servicing costs for 2017, 4. Electricit Estimated decrease inelectricity cost is based onefficiencies being gained as m result of energy efficiency initiatives undertaken along with a budget under expenditure inthe previous year. 274 '4- S. Chemicals This increase represents an anticipated 3% increase in chlorine for water treatment and the introduction of chemical for pH adjustment in advance of the commissioning of the new water treatment facility (as part of the Safe, Clean Drinking Water Project). 6. Professional Services Professional services vary depending on annual projects and in 2017 there is anexpected reduction. 7. Asset M As part of the asset management initiative commence a video inspection program to assess the condition, of the sewer infrastructure (on a 10 year cycle) and Lu allow the appropriate level of infrastructure repair. The net result of these proposed changes is o recommended overall operating, budget increase of $1,303,000, Absent the increased investment in Capital from Operating and internal charges and the decrease infiscal charges, the increase |n the Operating budget for 2017is$191,800,o/O.896year over year. CoumdL during the approval process, is required to set the water rates that reflect budgeted expenditures sothat rates charged to ratepayers inthe coming year equal the cost ofoperating (Operating and Capital) the Ud|by, It is important that rates are affordable, although it is challenging given the hmamda| obligations facing the Ut|Nty in the coming years (Safe, Clean Drinking Water Project) and those incurred in the recent past (HarbourC|ean-up), Afocms on strategic spending, continuous improvement/revenue generation initiatives, operatioma8 cost reductions, leveraging of funding from other levels of government along with a focus on paying down debt can ensure that our water rates staWNzeand become more affardabKeinthe long term. The flat rate being recommended for 2Q17is$1386u This rate isconsistent with forecasted rates of 21013, 2014, 2015 and 2016. |trepresents an annual increase of$72imZO17nr$6.D0per month per residential flat rate user. THE CAPITAL BUDGET As Council is aware, the continued investment in infrastructure renewal is fundamental to sustainable, acceptable sem/ice delivery that meets the service levels as well as Provincial and Federal requirements. The continued investment (Harbour Clean-up, Safe Clean Drinking Water) comes with financiaV zAnnual Rate for flat rate for asingle family dwelling Including both water and sanItarysewerage - J' commitments. The ongoing investment in infrastructure renewal must be managed such that rate payers receive a reliable and suaLaimabUe |owe] of service that meets regulatory requirements at an affordable cost. The attached proposed Capital b�udget for 2016 reflects that philosophy which will further evo|veasasset nmanoBementiafurther implemented, The recommended Capital budget for 2017is $38,44 Million; $6.51 Million being the Utility cost and $31.83 Million being the share of other levels of government, The Operating and Capital budget as, being presented for 2017 vvi|y not result in any increased dlebtfor the Utility. The 2017 Budget continues the strategy of sustainability; m long term focus on sustainable reinvestment in infrastructure balanced with a targeted plan for long term debt reduction. The 2017 budget includes appropriate funding to ensure all Utility renewal capital isfunded out mfthe operating budget and not through the issuance of long term debt. In 3014 Council authorized the establishment of Safe, Clean Drinking Water capital reserve fund. Included inthe 2OI6Budget was $2.3 Million and included in the I017 Budget is a recommended $6.0 Million dollar investment in the Safe, Clean Drinking Water capitaU asset reserve. By Council making this investment in the reserve it will reduce the overall debt service pressure and drive positive returns in the long term for all ratepayers. The Operating budget will also continue to provide funding for debt retirement, thereby reducing the overall debt and debt servicing costs. The recommended 2017 Saint John Water Utility capital budget is attached, SER0CEA0DFINANCIAL OUTCOMES The 2017Budget isproposed tofund the capital budget from operating while also contributing 66.0 Million dollars tnthe Safe, Clean Drinking Water capital asset reserve. The flat rote being recommended for 2017 is $I296'. This represents an annual increase of$72inZQ17or56.O8per month. INPUT FROM OTHER SERVICE AREAS AND STAKEHOLDERS Finance Department is supportive of the 2017 Operating and Capita� Budgets. ATTACHMENTS Appendix A Appendix Appendix[ Seeomcume*s Capital Budget By-law —SwintJohnWater 3 Annual Rate for flat rate for a single family dweHing including both water and sanitary sewerage W. 27.-Zi c� Saint John Water - Expenditure Budget 277 Operating Expenditures Drinking Water Watershed Management 262,000 229,000 235,000 241,000 Water Treatment 2,382,000 2,455,000 3,742,000 10,173,000 Water Pumping & Storage 1,158,000 1,086,000 1,113,000 1,141,000 Transmission & Distribution 5,172,000 4,992,000 5,117,000 5,245,000 Customer Metering 716,000 750,000 769,000 788,000 Industrial Water Watershed Management 487,000 467,000 479,000 491,000 Water Pumping & Transmission 1,000,000 942,000 966,000 990,000 Customer Metering 147,000 110,000 113,000 116,000 Wastewater Wastewater Pumping 2,821,000 3,005,000 3,080,000 3,157,000 Wastewater Collection 2,906,000 3,192,000 3,272,000 3,354,000 Wastewater Treatment 4,405,000 4,367,0100 4,476,000 4,588,000 Infrastructure Management Municipal Engineering 1,278,000 1,330,000 1,363,000 1,397,000 Other Internal Charges 650,000 750,000 770,000 780,000 Net Pension Costs 1,410,000 1,392,000 1,422,000 1,434,000 Fiscal Charges Debt Servicing 7,874,000 7,458,000 8,572,000 10,155,000 Capital from Operating 11,279,000 12,725,000 12,055,000 5,000,000 Total Fiscal Charges Total Expenditures Elm ME 277 Appendix "B" Saint John Water - Revenue Budget 2017 Key Metrics: Flat Rate-- Water & Sewerage 1,224 1,296 1,368 1,440 Meter Rates: Block 1 13824 1.4633 1.5445 1.6256 Block 2 0.8803 0,9318 0.9935 1.0351 Revenues 0,3106 0,3288 0,3471 0.3653 Flat Rate Accounts 19,759,000 20,687,021,946,000 Debt Service Ratio 23,106,000 Metered Accounts 1 19,213,000 19,463,000 20,420,000 21,028,000 Fire Protection Levy, 2,400,000 2,300,000 2,500,000 2,500,000 Storm Sewer Levy 995,000 965,000 955,000 945,000 Other Revenues 566,000 671,000 685,000 802,000 Previous Year's Surplus — 1,014,000 1,16 4,000 1,038,000 669,000 Total Revenues ! Key Metrics: Flat Rate-- Water & Sewerage 1,224 1,296 1,368 1,440 Meter Rates: Block 1 13824 1.4633 1.5445 1.6256 Block 2 0.8803 0,9318 0.9935 1.0351 Block 3 0,3106 0,3288 0,3471 0.3653 Debt Service Ratio 17.92% 16,4810 18.0310' M.,