Water and Wastewater Commission Budget Committee Meeting - remote, via videoconference

Agenda — original pdf

Versión en español a continuación Water and Wastewater Budget Committee Meeting May 24, 2021 Water and Wastewater Budget Committee to be held May 24, 2021 with Social Distancing Modifications Public comment will be allowed via telephone; no in-person input will be allowed. All speakers must register in advance (May 23, 2021 by noon). All public comment will occur at the beginning of the meeting. To speak remotely at the May 24, 2021 Water and Wastewater Budget Committee Meeting, members of the public must: •Call or email the board liaison at (512) 972-0115 and Blanca.Madriz@austintexas.gov no later than noon, May 23, 2021. The following information is required: speaker name, item number(s) they wish to speak on, whether they are for/against/neutral, email address and telephone number (must be the same number that will be used to call into the meeting). •Once a request to speak has been made to the board liaison, the information to call on the day of the scheduled meeting will be provided •Speakers must call in at least 15 minutes prior to meeting start time in order to speak, late callers will not be accepted and will not be either by email or phone call. able to speak. •Speakers will be placed in a queue until their time to speak. •Handouts or other information may be emailed to Blanca.Madriz@austintexas.gov by noon the day before the scheduled meeting. This information will be provided to Board and Commission members in advance of the meeting. •If the meeting is broadcast live, it may be viewed here: http://www.austintexas.gov/page/watch-atxn-live The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please call Blanca Madriz at Austin Water, 512-972-0115 for additional information; TTY users route through Relay Texas at 711. For more information on the Water and Wastewater Commission, please contact Blanca Madriz at Blanca.Madriz@austintexas.gov. Reunión del WATER & WASTEWATER BUDGET COMMITTEE de la reunion 24 de mayo 2021 La junta se llevará con modificaciones de distanciamiento social Se permitirán comentarios públicos por teléfono; no se permitirá ninguna entrada en persona. Todos los oradores deben registrarse con anticipación (23 de mayo). Todos los comentarios públicos se producirán al comienzo de la …

B2 — original pdf

Document 2 Water and Wastewater Commission Budget Subcommittee Meeting May 24, 2021 Financial Status Report – March 2021 Fund Summaries PDF Page 3 City of Austin, Texas Austin Water FUND SUMMARY - COMBINED As of March 2021 2020-21 APPROVED 206,438,075 BUDGET ALLOTMENT 206,438,075 MTD ACTUAL W/ ENCUMB - YTD ACTUAL W/ ENCUMB 231,033,206 YTD VARIANCE 24,595,131 % VARIANCE 11.9% 294,768,529 256,694,995 2,070,857 4,526,636 2,298,108 4,132,769 797,800 875,400 0 120,300 64,800 191,000 1,462,200 568,003,394 127,422,431 120,780,251 924,181 2,263,318 874,219 2,066,385 398,900 437,702 0 60,148 32,402 95,498 731,102 256,086,536 35,000,000 5,049,476 5,750,000 300,582 74,884 46,174,942 0 2,524,738 2,875,000 300,582 74,884 5,775,204 20,591,705 24,714,730 165,411 (1,556,301) 177,765 40,713 71,235 0 32,457 0 11,000 485 90,311 44,339,512 0 605,207 475,417 0 0 1,080,624 130,614,281 127,263,650 956,981 5,100,054 994,098 495,269 415,945 323,895 32,457 0 33,000 15,562 593,606 266,838,798 0 3,229,159 2,852,502 300,582 74,884 6,457,127 3,191,851 6,483,399 32,800 2,836,736 119,879 (1,571,116) 17,045 (113,807) 32,457 (60,148) 598 (79,936) (137,496) 10,752,262 0 704,421 (22,498) 0 0 681,923 614,178,336 261,861,740 45,420,136 273,295,925 11,434,184 147,508,573 75,740,318 11,972,104 70,439,385 44,387,823 23,300,471 2,725,924 20,728,203 14,281,421 7,638,732 773,293 7,871,042 5,300,934 2,572,269 (232,310) 19,902,524 9,850,780 1,174,853 9,221,770 629,010 9,955,690 589,272 236,625,303 6,120,825 295,732 122,946,860 1,774,390 43,822 18,464,385 9,196,629 289,837 117,746,866 (3,075,804) 5,895 5,199,994 19,825,622 9,912,811 1,652,135 9,912,811 808,610 404,305 294,467 241,059 75,000 21,244,758 0 120,528 75,000 10,512,644 0 20,088 0 1,672,223 0 0 120,528 75,000 10,108,339 164,491,870 78,024,860 11,741,934 77,414,877 3,799,500 2,625,776 554,236 2,626,897 1,288,699 669,724 644,350 334,862 3,408,500 1,704,250 72,380 173,658,293 83,334,098 12,368,550 80,812,403 0 0 0 46,544,409 40,000,000 35,000,000 29,000,000 0 13,984,357 2,069,687 3,816,719 5,750,000 3,726,094 2,656,300 966,723 750,000 500,599 19,834 184,784,722 23,272,205 18,821,000 0 12,535,000 0 6,992,178 923,659 1,909,790 2,852,502 1,886,354 1,328,151 483,360 286,000 250,298 19,834 71,560,329 3,878,701 3,072,000 0 1,937,000 0 1,165,363 165,411 317,821 475,417 306,623 221,358 80,560 39,000 41,716 0 11,700,971 644,346 72,380 53,903 23,272,205 18,821,000 0 12,535,000 0 6,992,178 923,378 1,909,790 2,852,502 1,886,354 1,328,150 483,360 286,000 250,298 19,834 71,560,047 (0) 404,305 0 0 0 404,305 609,983 (1,121) 4 262,482 1,650,347 2,521,695 0 0 0 0 0 0 281 0 0 0 1 0 0 0 0 282 2.5% 5.4% 3.5% 125.3% 13.7% -76.0% 4.3% -26.0% 0.0% -100.0% 1.8% -83.7% (0) 4.2% 0.0% 27.9% -0.8% 0.0% 0.0% 11.8% 4.4% 7.0% 11.0% -3.0% 6.4% -50.3% 2.0% 4.2% 0.0% 100.0% 0.0% 0.0% 0.0% 3.8% 0.8% 0.0% 0.0% 78.4% 96.8% 3.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 2.8% BEGINNING BALANCE REVENUE Water …

B3 — original pdf

Document 3 Water and Wastewater Commission Budget Subcommittee Meeting May 24, 2021 Financial Forecast – FY2022-26 Fund Summaries PDF Page 8 Fund Summary - By Year - By Scenario (All Funds) - 5 Year Scenario 1: Rate Revenue Increase FY24 & FY26 FY20 Actuals FY21 CYE FY22 FY23 FY24 FY25 FY26 201,808,037 231,677,013 229,390,664 230,292,273 234,535,984 242,875,972 249,169,837 Beginning Balance Beginning Balances Revenues Revenues Water/Wastewater Revenue Other Revenue Interest Development Fees Other Fines Public Health Licenses, Permits, Inspections Property Sales Use of Property Total Revenues Transfers In Austin Water Utility Support Services/Infrastructure Funds Austin Resource Recovery Fund CIP Total Transfers In Requirements Program Requirements Operations Support Services Environmental, Planning, and Development Services Engineering Services Customer Experience Other Utility Program Requirements Reclaimed Water Services Environmental Affairs & Conservation Water Resources Management Total Program Requirements Other Requirements Utility Billing System Support Supplemental Retirement Contribution Accrued Payroll Interdepartmental Charges Trf to PID Fund Total Other Requirements 553,501,565 3,833,022 4,100,996 1,614,210 883,550 750,626 37,519 157,352 564,878,840 10,768,734 300,582 53,334 40,000,000 51,122,650 141,287,463 32,569,587 - 14,691,969 - 5,929,701 596,742 12,373,662 8,709,376 216,158,499 19,629,848 - 313,784 196,213 110,573 20,250,418 555,832,489 9,352,663 1,686,096 1,462,200 875,400 797,800 191,000 185,100 570,382,748 10,799,476 300,582 74,884 - 11,174,942 147,018,702 33,604,393 19,814,578 14,213,426 10,651,498 9,955,690 585,165 - - 235,843,452 19,825,622 808,610 294,467 241,059 75,000 21,244,758 566,690,818 12,151,915 1,235,887 1,429,447 771,840 830,270 211,494 167,238 583,488,910 10,721,123 300,582 74,884 55,000,000 66,096,589 153,050,320 36,043,214 21,196,942 16,030,109 10,903,201 10,165,523 829,404 - - 248,218,712 19,325,622 808,610 303,300 241,059 75,000 20,753,591 574,149,443 12,426,548 1,200,003 1,457,893 787,277 846,876 413,683 167,238 591,448,961 11,538,998 300,582 74,884 42,000,000 53,914,464 155,838,235 37,791,178 21,856,299 16,491,627 11,103,729 11,524,384 844,836 - - 255,450,289 21,025,630 808,610 312,399 241,059 75,000 22,462,698 597,899,069 12,565,726 1,286,044 1,487,051 802,944 863,813 215,984 167,238 615,287,868 11,856,873 300,582 74,884 38,000,000 50,232,339 158,966,233 39,574,277 22,529,135 17,421,489 11,308,578 10,470,283 860,578 - - 261,130,572 21,235,886 808,610 321,771 241,059 75,000 22,682,326 609,011,661 12,852,224 1,336,645 1,516,792 819,083 881,090 118,294 167,238 626,703,026 11,926,513 300,582 74,884 38,000,000 50,301,979 161,500,146 41,393,224 23,215,732 18,370,066 11,517,851 10,619,366 876,634 - - 267,493,019 21,448,245 808,610 331,424 241,059 75,000 22,904,338 631,651,838 13,109,269 1,419,173 1,547,127 835,465 898,711 120,660 167,238 649,749,481 11,843,401 300,582 74,884 39,000,000 51,218,867 164,773,883 43,248,743 23,916,382 19,337,739 11,731,651 10,771,713 893,012 - - 274,673,123 22,520,657 808,610 341,366 241,059 75,000 23,986,692 Total Available Funds 616,001,490 581,557,690 649,585,499 645,363,425 665,520,207 677,005,005 700,968,348 PDF Page 9 Total Operating Requirements FY20 Actuals FY26 236,408,918 257,088,210 268,972,303 277,912,987 283,812,898 290,397,357 298,659,815 FY21 CYE FY22 FY23 FY24 FY25 Total Debt Service Requirements 172,692,447 …

B4 — original pdf

Document 5 Water and Wastewater Commission Budget Subcommittee Meeting May 24, 2021 Financial Forecast – FY2022-26 FY21 Approved Budget vs. FY22 Forecast PDF Page 21 FY2022 Forecast vs FY2021 Budget Major Variances Plus Additional Changes Program Requirements Other Requirements Debt Services Transfers Out Total FY2021 Budget $236,625,303 21,244,758 173,658,293 189,784,722 $621,313,076 in Millions Total FY2022 Forecast $648,683,889 Difference between FY2022 Forecast vs FY2021 Budget $27,370,813 Major Requirement Assumptions Included In The FY2022 Forecast TRF CRF to Debt Defeasance TRF Operating to Debt Defeasance 40 New FTEs 2% Wage Adjustment Austin Water Street Cut Cost Electric Services Cost to Offset Street Cut Cost Other Contractual and Commodities Significant Items Chemical Administrative Support 1% inflation CTM Support Multi-sensor Inspection Of Large Diameter Mains Fleet Fuel and Maintenance Transfer to Community Benefit Charge Debt Service Requirements Trf to W/WW CIP Fund Trf to General Fund Utility Billing System Support Trf to Reclaimed Water Fund $20.0 $5.0 $4.5 $2.2 $2.25 ($1.0) $1.2 $1.2 $0.7 $0.6 $0.4 $0.4 $0.3 ($5.0) ($3.0) ($1.0) ($0.6) ($0.5) ($0.3) Total Forecast Assumptions $27.4 Millions PDF Page 22 FY2022 Forecast vs FY2021 Budget Major Variances Plus Additional Changes Total FY2022 Proposed Total FY2022 Forecast $653,982,097 $648,683,889 Difference between FY2022 Proposed vs Forecast $5,298,208 Additional Changes since Forecast in Millions TRF CRF to Debt Defeasance Trf to W/WW CIP Fund 22 New FTES Temporary Employees Trf to CIP Mgm - CPM Trf to Economic Development Bad Debt Expenses Trf to General Fund Administrative Support Multi-sensor Inspection Of Large Diameter Mains Fire/Extend Coverage Insurance CTM Support Chemical Debt Service Requirements Health Insurance Saving Services-security Services-Bio Solid Reuse 2% Wage Adjustment Difference $5.0 $4.0 $1.9 $1.4 $1.1 $0.9 $0.7 $0.5 $0.5 $0.4 $0.3 $0.2 $0.2 ($9.0) ($2.0) ($0.3) ($0.3) ($0.2) Total Changes since Forecast $5.3 Millions PDF Page 23

B5 — original pdf

Document 6 Water and Wastewater Commission Budget Subcommittee Meeting May 24, 2021 Financial Forecast – FY2022-26 Debt Management Plan Summary PDF Page 24 Austin Water Debt Management Plan Summary OPERATING FUND SOURCES IMPACT FEES DEBT SERVICE FUNDS FISCAL YEAR IMPACTS FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2027-41 Defeasance Savings PV Savings Savings COMBINED UTILITY: Defeasances: May 2018 May 2019 Refundings: Series 2015 Series 2016 Series 2017 Series 2020C May 2016 $ - $ 18,200,000 $ - $ - $ 618,213 $ 618,213 $ 4,318,212 $ 618,213 $ 618,213 $ 618,213 $ 5,505,713 $ 4,273,713 $ 2,612,213 $ 70,213 $ 1,545,531 $ 21,416,656 $ 21,416,656 March 2017 $ - $ 22,000,000 $ - $ - $ - $ 927,575 $ 11,527,575 $ 9,466,575 $ - $ - $ - $ - $ - $ - $ - $ 21,921,725 $ 21,921,725 $ 34,000,000 $ 30,000,000 $ - $ - $ - $ 26,610,016 $ 18,143,913 $ 12,379,556 $ 4,351,138 $ 4,036,756 $ 1,975,124 $ - $ - $ - $ - $ 67,496,503 $ 67,496,503 $ 11,000,000 $ 34,200,000 $ - $ - $ - $ - $ 5,636,213 $ 15,984,006 $ 12,101,275 $ 8,485,838 $ 2,340,775 $ 2,543,188 $ 617,656 $ 721,875 $ - $ 48,430,825 $ 48,430,825 April 2020 $ - $ 40,000,000 $ - $ - $ - $ - $ - $ 77,083 $ 4,290,625 $ 30,318,250 $ 5,519,625 $ - $ - $ - $ - $ 40,205,583 $ 40,205,583 Total Defeasance $ 45,000,000 $ 144,400,000 $ - $ - $618,213 $28,155,803 $39,625,912 $38,525,433 $21,361,250 $43,459,056 $ 15,341,237 $6,816,900 $3,229,869 $792,088 $ 1,545,531 $ 199,471,292 $ 199,471,291 PAR REFUNDED BONDS PAR REFUNDING BONDS $ - $ 310,270,000 $ 289,145,000 $ 11,095,024 $ 14,683,661 $ 20,328,033 $ 19,822,058 $ 7,446,937 $ (3,716,933) $ (3,718,020) $ (3,719,789) $ (3,716,931) $ (3,716,375) $ (3,718,133) $ (39,055,918) $ 12,013,616 $ 25,451,045 $ - $ 110,960,000 $ 92,885,000 $ (203,615) $ 448,924 $ 242,513 $ 242,513 $ 242,513 $ 242,513 $ 242,513 $ 242,513 $ 242,513 $ 242,513 $ 1,654,500 $ 19,711,844 $ 23,551,752 $ 16,822,415 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 FY 2025-26 FY 2027-41 $ - $ 228,800,000 $ 205,820,000 $ - $ - $ 579,763 $ 1,136,638 …

Approved Minutes — original pdf

Water and Wastewater Commission, Budget Committee Meeting Minutes May 24, 2021 Approved: June 30, 2021 WATER AND WASTEWATER COMMISSION BUDGET COMMITTEE MINUTES May 24, 2021 The Water and Wastewater Commission Budget Committee convened on May 24, 2021 at 2:02 pm via videoconferencing. Committee Members in Attendance: Susan Turrieta (Chair), Travis Michel (Vice Chair), Jesse Penn, Grant Fisher, William Moriarty CALL TO ORDER The meeting was called to order at 2:02 p.m. by Chair Turrieta. A. CITIZEN COMMUNICATION: GENERAL There were no speakers registered for Citizen Communications. B. DISCUSSION ITEMS: 1. Winter Storm Update 2. March 2021 Financial Status Report 3. Austin Water Financial Forecast Fiscal Year 2022 - 2026 4. Fiscal Year 2022 Forecast vs. 2021 Budget Update 5. Debt Management Plan Summary Update 6. Fiscal Year 2022 Budget Schedule Austin Water Assistant Director of Financial Services, Joseph Gonzales and staff presented FY 2020-2021 budget vs. actual information and 5-year forecast projections on revenue, rate projections, transfers, program requirements, debt service requirements, Austin Water’s 5-year CIP spending plan and update on Winter Storm Uri financial impact. C. NON-VOTING ITEMS FROM COMMITTEE 1. Future Committee Meeting Schedule D. FUTURE AGENDA ITEMS Committee discussed meeting during the last two weeks in June2021. Staff will present updates on budget forecasts and projections as requested that reflects ongoing changes due to COVID-19 and Winter Storm Uri by end of June, scheduling permitting. E. ADJOURN The meeting was adjourned at 2:35 p.m. by Chair Turrieta.