Agenda - 06-12-2007-3d - Laserfiche WebLink

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as Exhibit 4. Calculation of Unit Capacity Values for Water and Se~nrer backbone Facilities RCLD value as of 6/30/96: Plus CWIP &CIB from 7/1/96 through 6/30/00: Less credit for existing debt as of 6/30/00: Less credit for projected new debt: Projected asset value as of 6/30/00: System capacity as of 6/30/00 (mgd): Unit capacity value ($/gpd) Notes Water Sewer (a) (b) $58,645,000 $36,675,000 $11,176, 000 $27,191, 000 (c) ($19,185,000) ($5,100,000) Notes: (a) RCLD (Reproduction Cost Less Depreciation) is the asset value of backbone facilities. RCLD values at the end of FY 96 were comoiled in OWASA's 1998 rate study report ~'~ . (b) Includes all backbone-related construction work in progress (CWIP) not booked as assets in (a), plus backbone-related improvements programmed from FY 97 through FY 2000 in OWASA's Capital Improvements Budget (CIB). Values have not been depreciated. (c) Represents outstanding debt principle for backbone water and sewer facilities. Debt service costs are recovered through regular monthly service and/or commodity charges and are credited against availability fee calculations to avoid double-charging new customers who pay service availabilit fees. Existing debt as of June 30, 2000 is outstanding from OWASA's 1993 bond sale. Projected new debt rspresents $10 million of anticipated bond sales to finance m~inr imnrnvomcnfe ~~nrlonniw ~t fha ui~efoui~fer nlnnf (d) Total asset value as of June 30. 2000 is calculated as (a) + (b) + (c). (e) Represents maximum sustainable daily flow permitted through the water plant and maximum monthly flow permitted through the wastewater plant upon completion of all improvements. (t) Unit capacity value is derived by dividing (d) by (e).