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Proposed Changes to OWASA's Water and Sewer Rates <br />Presentation to the <br />Orange County Baard of County Cammissianers <br />June 12, 2007 <br />Key Facts Impacting Budget & Rates <br />/ Record drought of 2009-02 <br />/ Seasonal rates 2002 <br />/ Year-round conservation 2003 <br />/ Since FY 2003, actual revenue has been $6 million under budgeted projections <br />/ Costs of OWASA's wastewater (sewer) services have increased at a much higher rate than <br />for water services <br />Key Questions... <br />/ Haw much revenue does OWASA need and why? <br />/ How should OWASA raise the necessary revenue? <br />1. How much revenue does OWASA need and why? <br />$98.4 million capital impravements <br />18.5 million Operations and maintenance <br />9.7 million Debt service <br />60°l0 of our budget supports the renewal and replacement of aging infrastructure -the #1 <br />challenge for water utilities throughout the country <br />Capital Improvements are Needed to be Sustainable... <br />/ Guided by our 50-Year Master Plan, we have a progressive 15-Year Capital Improvements <br />Program <br />/ Since 9999, OWASA has borrowed $910 million for capital improvements <br />/ $50+ million invested in the last 5 years to upgrade and expand the Mason Farm <br />Wastewater Treatment Plant <br />~ How should OWASA raise the necessary funding? <br />Key principles: <br />/ Cost of service rates are required <br />