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CWW Public Hearing FY 2012-13 Rate update STEVE DAVIS, Columbus Water Works Jon Davis, Raftelis Financial Consultants. Prior Situation. $7.6 million from Operating Reserves in the past 5 years Starting in 2002, developed and implemented comprehensive Five Year Rolling Financial Plan

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    1. CWW Public HearingFY 2012-13 Rate updateSTEVE DAVIS, Columbus Water WorksJon Davis, Raftelis Financial Consultants

    2. Prior Situation $7.6 million from Operating Reserves in the past 5 years Starting in 2002, developed and implemented comprehensive Five Year Rolling Financial Plan Current rates among lowest in Southeast Cities EPD Consent Order related to Inflow & Infiltration ($18.06 million estimated 2011-2017) Fort Benning Expenses are supported by Fort Benning Revenues

    3. Rate Comparison at 20 CCFApril 2012 * Water Only Columbus rate excludes CSO charge Assumes 20 ccf = 2000 cubic feet = 15,000 gallons Rates as of April 2012

    4. CIP UPDATE An estimated $11.4 million of CIP will be funded with PAYGO (2012-2017)

    5. Rate Changes for 5-Year Plan 5-year average rate increase including 2013 recommendation: 3.28%

    6. CWW Public HearingFY 2012-13 Rate updateJon Davis, Raftelis Financial Consultants

    7. Purpose of Review 5 Year Planning Projections Proposed 2013 Rate Recommendations

    8. FY 2012-13 Objective Consideration of plan for rate increase for 2013 and an updated five-year plan for rate projections that promote efficiency and system sustainability through 2017 and beyond

    9. Results of FY 11-12 Operations • Water, Sewer, and CSO Revenues of $46.4 M were $59,000 above budget projections for FY 2011-12 • Total Operating Costs of $29.4 M were $1.9 M below projections • Actual water demand was above modeled projections • Actual sewer demand was above modeled projections

    10. Reasons for Rate Increase • Increases in Operating Costs • Funding of Capital Program • Infrastructure renewal • Regulatory requirements including I&I Consent Order (estimated 1.95% of proposed rate increase this year) • Master Plan recommendations • Preparation for forecasted 2013/14 Bond issue

    11. Current 5-Year Rate Plan Across-the-Board Increases *Note: According to the data from the AWWA/RFC 2000 and 2010 National Water and Wastewater Rate Surveys, the national average bill increase has been approximately 5.6% annually from 2000 to 2010.

    12. Section II. 2013 Water & Sewer Rates

    13. 2013 Water Base Charges(bills rendered as of January 1, 2013) 14

    14. 2013 Water Volume Charges(bills rendered as of January 1, 2013) 15

    15. 2013 Wastewater & CSO Charges(bills rendered as of January 1, 2013) 16

    16. Average Residential Customer Bills(with planned 5-year increases)

    17. Affordability Program • Affordability Program is provided in concert with City’s Low Income Garbage Collection Adjustment • Current Program includes • $4.50 credit on residential bill 18

    18. Proposed Rate Comparison Assumes 20 ccf = 2000 cubic feet = 15,000 gallons Rates as of October 2012, with CWW proposed 2013 rates * Water Only Columbus rate excludes CSO charge

    19. Observations & Conclusions Projected rate increase satisfy debt service requirements. Forecasted rate increases over the planning horizon are below the national average of historical increases Projected customer bills compare favorably with other similar communities in the region Continuation of the Capital Plan includes a projected $25 million revenue bond issue in 2013/2014

    20. Questions