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10/16/2023 City Council Regular Agenda PacketOctober 16, 2023 | 6:00 PM Page 1 of 5 City Council Regular Meeting Agenda Packet CITY COUNCIL REGULAR MEETING AGENDA PACKET CITY COUNCIL CHAMBERS, CITY HALL 7351 ROSANNA STREET, GILROY, CA 95020 MONDAY, OCTOBER 16, 2023 | 6:00 PM MAYOR Marie Blankley COUNCIL MEMBERS Rebeca Armendariz Dion Bracco Tom Cline Zach Hilton Carol Marques Fred Tovar CITY COUNCIL PACKET MATERIALS ARE AVAILABLE ONLINE AT www.cityofgilroy.org AGENDA CLOSING TIME IS 5:00 P.M. THE TUESDAY PRIOR TO THE MEETING PUBLIC COMMENTS ON AGENDA ITEMS ARE TAKEN BEFORE THE CITY COUNCIL TAKES ACTION. Please keep your comments to 3 minutes. Time restrictions may vary based on the Mayor's discretion. Send written comments on any agenda item to publiccomments@cityofgilroy.org or City Hall, 7351 Rosanna Street, Gilroy, CA 95020. Comments received by 1 p.m. on the meeting day will be distributed to the City Council before the meeting. Comments are also available at bit.ly/3NuS1IN. In compliance with the Americans with Disabilities Act, the City will make reasonable arrangements to ensure accessibility to this meeting. If you need special assistance to participate in this meeting, please contact the City Clerk’s Office at least 72 hours prior to the meeting at (408) 846-0204 or cityclerk@cityofgilroy.org to help ensure that reasonable arrangements can be made. If you dispute any planning or land use decision from this meeting in court, you may only raise issues you or someone else presented at this meeting's public hearing or in written letters to the City Council before the hearing. Be aware that the time to seek a judicial review of any final decision made at this meeting is defined by Section 1094.6 of the California Code of Civil Procedure. During this meeting, a Closed Session may be called under Government Code Section 54956.9 (d)(2). This will happen if, in the City's legislative body's opinion (based on current facts, circumstances, and legal advice), there's a significant risk of a lawsuit against the City. Additional materials submitted after agenda distribution are available on www.cityofgilroy.org as soon as possible. KNOW YOUR RIGHTS UNDER THE GILROY OPEN GOVERNMENT ORDINANCE Government's duty is to serve the public, reaching its decisions in full view of the public. Commissions, task forces, councils and other agencies of the City exist to conduct the people's business. This ordinance assures that deliberations are conducted before the people and that City operations are open to the people's review. Packet Page 1 of 199 October 16, 2023 | 6:00 PM Page 2 of 5 City Council Regular Meeting Agenda Packet FOR MORE INFORMATION ON YOUR RIGHTS UNDER THE OPEN GOVERNMENT ORDINANCE, TO RECEIVE A FREE COPY OF THE ORDINANCE OR TO REPORT A VIOLATION OF THE ORDINANCE, CONTACT THE OPEN GOVERNMENT COMMISSION STAFF AT (408) 846-0204. If you need translation assistance, contact the City Clerk 72 hours before the meeting at 408-846-0204 or cityclerk@cityofgilroy.org. Si necesita un intérprete durante la junta y gustaría dar un comentario público, comuníquese con el Secretario de la Ciudad un mínimo de 72 horas antes de la junta al 408-846-0204 o envíe un correo electrónico a la Oficina del Secretario de la Ciudad a cityclerk@cityofgilroy.org. To access written translation during the meeting, please scan the QR Code or click this link: Para acceder a la traducción durante la reunión, por favor escanee el código QR o haga clic en el enlace: bit.ly/3FBiGA0 Choose Language and Click Attend | Seleccione su lenguaje y haga clic en asistir Use a headset on your phone for audio or read the transcript on your device. Use sus auriculares para escuchar el audio o leer la transcripción en el dispositivo. The agenda for this meeting is outlined as follows: 1. OPENING 1.1. Call to Order 1.2. Pledge of Allegiance 1.3. Invocation 1.4. City Clerk's Report on Posting the Agenda 1.5. Roll Call 1.6. Orders of the Day 1.7. Employee Introductions 2. CEREMONIAL ITEMS - Proclamations and Awards 3. PRESENTATIONS TO THE COUNCIL 3.1. Annual Presentation by the Arts and Culture Commission 3.2. PUBLIC COMMENT BY MEMBERS OF THE PUBLIC ON ITEMS NOT ON THE AGENDA BUT WITHIN THE SUBJECT MATTER JURISDICTION OF THE CITY COUNCIL This part of the meeting allows public address on non-agenda topics within the Council's jurisdiction. To speak, complete a Speaker's Card from the entrances and give it to the City Clerk. Speaking time ranges from 1-3 minutes based on the Mayor's discretion. Extended discussions or actions on non-agenda items are restricted by law. For Council action, the topic may be listed on a future agenda. Packet Page 2 of 199 October 16, 2023 | 6:00 PM Page 3 of 5 City Council Regular Meeting Agenda Packet Email written comments on non-agenda topics to publiccomments@cityofgilroy.org or mail to City Hall, 7351 Rosanna Street, Gilroy, CA 95020, by 1:00 pm on the meeting day. These comments, available at City Hall, will be shared with the Council and included in the meeting record. Late submissions will be shared as soon as possible. A 10-page limit applies to hard-copy materials, but electronic submissions are unlimited. 4. REPORTS OF COUNCIL MEMBERS Council Member Bracco – Downtown Committee, Santa Clara County Library Joint Powers Authority, Santa Clara Valley Water Joint Water Resources Committee, SCRWA Council Member Armendariz – Downtown Committee, Santa Clara County Library Joint Powers Authority (alternate), Santa Clara Valley Habitat Agency Governing Board, Santa Clara Valley Habitat Agency Implementation Board, Silicon Valley Clean Energy Authority JPA Board (alternate), South County United for Health Council Member Marques – ABAG, Downtown Committee, Gilroy Gardens Board of Directors, Santa Clara Valley Habitat Agency Governing Board, Santa Clara Valley Habitat Agency Implementation Board, SCRWA (alternate) Council Member Hilton – CalTrain Policy Group (alternate), Silicon Valley Clean Energy Authority JPA Board, South County United for Health (alternate), VTA Policy Advisory Committee Council Member Cline – Gilroy Economic Development Partnership (alternate), Gilroy Sister Cities Association, Gilroy Youth Task Force, Silicon Valley Regional Interoperability Authority Board, VTA Policy Advisory Committee (alternate), Visit Gilroy California Welcome Center Board, VTA Mobility Partnership Committee Council Member Tovar – Downtown Committee, Gilroy Youth Task Force (alternate), Santa Clara County Expressway Plan 2040 Advisory Board,Santa Clara Valley Water Commission, SCRWA, South County Youth Task Force Policy Team Mayor Blankley – ABAG (alternate), CalTrain Policy Group, Downtown Committee, Gilroy Economic Development Partnership, Gilroy Sister Cities Association (alternate), Gilroy Youth Task Force, Santa Clara Valley Water Joint Water Resources Committee, SCRWA, South County Youth Task Force Policy Team, VTA Board of Directors, VTA Mobility Partnership Committee 5. COUNCIL CORRESPONDENCE 6. FUTURE COUNCIL INITIATED AGENDA ITEMS 7. CONSENT CALENDAR Consent Calendar items are routinely approved with one motion. For separate discussion, a Council member or public member must request its removal before the approval vote. If removed, it's discussed in its original order. 7.1. Approval of the Action Minutes of the October 2, 2023 City Council Regular Meeting 7.2. Acceptance of an Office of Traffic Safety Selective Traffic Enforcement Program Grant in the Amount of $111,000 and Adoption of a Resolution of Packet Page 3 of 199 October 16, 2023 | 6:00 PM Page 4 of 5 City Council Regular Meeting Agenda Packet the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment 7.3. Acceptance of an Office of Traffic Safety Traffic Records Improvement Program Grant for $24,800 and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment 7.4. Acceptance of an Edward Byrne Memorial Justice Assistance Grant for $19,822 for the Police Department and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment 7.5. Approval of a Notice of Acceptance of Completion for the Gilroy Sports Park Playground Surface Repair Project No. 23-PW-276 and Approval of a Final Contract Amount with Itech Solution of $144,098.78 8. BIDS AND PROPOSALS 9. PUBLIC HEARINGS 9.1. Public Hearing Regarding the Proposed Water and Wastewater Rate Increases 1. Staff Report: Harjot Sangha, Finance Director 2. Open Public Hearing 3. Close Public Hearing 4. Possible Action: 1. Adopt as final the August 2023 Comprehensive Water and Wastewater Utility Rate Study Report prepared by NBS. 2. Adopt a resolution approving water and wastewater rate adjustments. 10. UNFINISHED BUSINESS 10.1. Recommendations for Updates/Improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park 1. Staff Report: Jimmy Forbis, City Administrator 2. Public Comment 3. Possible Action: Discussion and direction regarding proposed updates/improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park. 11. INTRODUCTION OF NEW BUSINESS 11.1. Authorize the City Administrator to Enter into a Three-Year Service Agreement with the County of Santa Clara for Animal Sheltering Services for the Period of July 1, 2023, through June 30, 2026 1. Staff Report: Pedro Espinoza, Police Chief 2. Public Comment 3. Possible Action: Authorize the City Administrator to sign a three-year service agreement with Packet Page 4 of 199 October 16, 2023 | 6:00 PM Page 5 of 5 City Council Regular Meeting Agenda Packet the County of Santa Clara for Animal Sheltering Services from July 1, 2023, through June 30, 2026. 11.2. Annual Review and Adoption of the City's Investment Policy 1. Staff Report: Harjot Sangha, Finance Director 2. Public Comment 3. Possible Action: Adopt a resolution establishing the City’s updated Investment Policy. 12. CITY ADMINISTRATOR'S REPORTS 13. CITY ATTORNEY'S REPORTS 14. ADJOURNMENT FUTURE MEETING DATES November 2023 6 Regular Meeting - 6:00 p.m 20 Regular Meeting - 6:00 p.m December 2023 4 Regular Meeting - 6:00 p.m 11 Special Meeting - 6:00 p.m 18 Regular Meeting - 6:00 p.m -CANCELED- January 2024 8 Regular Meeting - 6:00 p.m 22 Regular Meeting - 6:00 p.m Meetings are webstreamed at gilroy.city/meetings. Access the 2024 City Council Meeting Calendar at https://bit.ly/3LLzY1n. Packet Page 5 of 199 7.1. Approval of the Action Minutes of the October 2, 2023 City Council Regular Meeting Agenda Item No. 7.1 Packet Page 6 of 199 Page 1 of 6 City of Gilroy City Council Regular Meeting Minutes Monday, October 2, 2023 | 6:00 PM 1.OPENING 1.1.Call to Order The meeting was called to order by Mayor Blankley at 6:00 PM. 1.2. Pledge of Allegiance Pro Tempore Mayor Bracco led the Pledge of Allegiance. 1.3. Invocation Pastor Greg Quirke of South Valley Community Church provided the invocation. 1.4. City Clerk's Report on Posting the Agenda City Clerk Pham reported on the Posting of the Agenda. 1.5. Roll Call Attendance Attendee Name Present Rebeca Armendariz, Council Member Dion Bracco, Mayor Pro Tempore Tom Cline, Council Member Zach Hilton, Council Member Carol Marques, Council Member Fred Tovar, Council Member Marie Blankley, Mayor Absent None 1.6. Orders of the Day There were none. 1.7. Employee Introductions There were none. 2.CEREMONIAL ITEMS - Proclamations and Awards 2.1. Proclamation Proclaiming October 2023 as The Great Shakeout Mayor Blankley read aloud the proclamation and presented it to Emergency Services & Volunteer Coordinator Andrew Young. 3.PRESENTATIONS TO THE COUNCIL 3.1. Presentation from Silicon Valley Clean Energy Adam Selvin, Director at Silicon Valley Clean Energy of Silicon Clean Energy, provided the presentation. 3.2. PUBLIC COMMENT BY MEMBERS OF THE PUBLIC ON ITEMS NOT ON THE AGENDA BUT WITHIN THE SUBJECT MATTER JURISDICTION OF THE CITY COUNCIL DRAFTAgenda Item No. 7.1 Packet Page 7 of 199 October 2, 2023 | 6:00 PM Page 2 of 6 City Council Regular Meeting Minutes Mayor Blankley opened Public Comment. The following members spoke on items that were not on the agenda. Paul Dommert, Jr. championed a disc golf course at Christmas Hill Park, noting the sport's accessibility and community spirit. Ron Kirkish expressed concerns about hybrid meeting disruptions, referencing issues in other cities and emphasizing a need for a deliberate Council approach. Gregory Felios promoted "Coffee with the Mayor" on October 7th, underscoring it as a chance for community dialogue with the Gilroy Unified School District superintendent. No further speakers present, Mayor Blankley closed Public Comment. 4. REPORTS OF COUNCIL MEMBERS Council Member Bracco had nothing to report. Council Member Armendariz shared updates from South County United for Health and highlighted the 7th Annual Tamal Festival and Car Show held last Saturday. Council Member Marques reported on the Santa Clara Valley Habitat Agency Governing Board and Gilroy Gardens Board of Directors. Council Members Hilton and Cline acknowledged the success of the recent 7th Annual Tamal Festival and Car Show. Council Member Tovar reported on the Downtown Committee, Mayor Blankley reported on CalTrain Policy Group, VTA Board of Directors, and VTA Mobility Partnership Committee. 5. COUNCIL CORRESPONDENCE There were none. 6. FUTURE COUNCIL INITIATED AGENDA ITEMS There were none. 7. CONSENT CALENDAR Mayor Blankley opened Public Comment. There being no speakers, Mayor Blankley closed Public Comment. Motion: Approve the Consent Calendar RESULT: Pass MOVER: Fred Tovar, Council Member SECONDER: Carol Marques, Council Member AYES: Council Member Armendariz, Mayor Pro Tempore Bracco, Council Member Cline, Council Member Hilton, Council Member Marques, Council Member Tovar, Mayor Blankley 7.1. Approval of the Action Minutes of the September 18, 2023 City Council Regular Meeting DRAFTAgenda Item No. 7.1 Packet Page 8 of 199 October 2, 2023 | 6:00 PM Page 3 of 6 City Council Regular Meeting Minutes A motion was made to approve the minutes. 7.2. Claim of Jose Aaron Munoz (The City Administrator recommends a "yes" vote under the Consent Calendar shall constitute denial of the claim) A motion was made to deny the claim. 8.BIDS AND PROPOSALS There were none. 9.PUBLIC HEARINGS 9.1. Proposed Tentative Parcel Map to subdivide two developed commercial lots located at 6955 Camino Arroyo into seven parcels, Application No. TM 23-01 Mayor Blankley asked the Council if they had received an ex- parte communication. None were reported. Planner II Melissa Durkin provided staff presentation and responded to Council Member questions. Mayor Blankley opened the Public Hearing at 6:30 PM. There being no speakers, Mayor Blankley closed the Public Hearing at 6:30 PM. Motion: Based on its independent analysis, determines that the proposed project is exempt from further environmental review by State CEQA Guidelines section 15061 (b), the “common sense” exemption because it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, and adopt a resolution approving the proposed tentative parcel map to subdivide the property known as APN 841-17-045 and 841-17-036 into seven separate parcels. RESULT: Pass MOVER: Tom Cline, Council Member SECONDER: Rebeca Armendariz, Council Member AYES: Council Member Armendariz, Mayor Pro Tempore Bracco, Council Member Cline, Council Member Hilton, Council Member Marques, Council Member Tovar, Mayor Blankley Enactment No.: Resolution No. 2023-57 10.UNFINISHED BUSINESS 10.1. Appointments to City Boards, Commissions, and Committees with Seats Vacant or Expired as of September 18, 2023 Mayor Blankley opened Public Comment. There being no speakers, Mayor Blankley closed Public Comment. The council appointed the following members: Akur Varadarajan to the Open Government Commission with a term ending December 31, 2024. Dale Davis to the Parks and Recreation Commission with a term ending DRAFTAgenda Item No. 7.1 Packet Page 9 of 199 October 2, 2023 | 6:00 PM Page 4 of 6 City Council Regular Meeting Minutes December 31, 2025. 10.2. Justice, Equity, Diversity, and Inclusion Initiative Update Police Sergeant Toney and Communications Manager Bedell provided staff presentation and responded to Council Member questions. Mayor Blankley opened Public Comment. There being no speakers, Mayor Blankley closed Public Comment. Council received the report and directed staff to have the consultant present their findings at a future Council meeting. 11. INTRODUCTION OF NEW BUSINESS 11.1. Receive Preliminary Fiscal Year 2022-23 (FY23) Year-End Financial Report Finance Director Sangha provided staff presentation and responded to Council Member questions. Mayor Blankley opened Public Comment. Ron Kirkish expressed concerns about the city's current and future revenues, urging the Council to prioritize spending and scrutinize expenditures. There being no speakers, Mayor Blankley closed Public Comment. Motion: Motion to approve $225,000 to be transferred to the Section 115 Pension Trust, pursuant to the Pension Funding Policy. RESULT: Pass MOVER: Fred Tovar, Council Member SECONDER: Rebeca Armendariz, Council Member AYES: Council Member Armendariz, Mayor Pro Tempore Bracco, Council Member Cline, Council Member Hilton, Council Member Tovar, Mayor Blankley NAYS: Council Member Marques 11.2. Discussion and Direction Regarding Other Post Employment Benefit (OPEB) Section 115 Trust and Funding Finance Director Sangha provided staff presentation and responded to Council Member questions. Mayor Blankley opened Public Comment. There being no speakers, Mayor Blankley closed Public Comment. Motion: Adopt a resolution establishing a Section 115 Trust for Other Post Employment Benefits (OPEB), approving a one-time contribution to the Section 115 OPEB Trust of $0.5 million from the General Fund balance (reserves), and approving an OPEB Funding Policy, with the addition Council to address the split between the OPEB and pension in equal percentages to their respective unfunded balances. RESULT: Pass MOVER: Marie Blankley, Mayor DRAFTAgenda Item No. 7.1 Packet Page 10 of 199 October 2, 2023 | 6:00 PM Page 5 of 6 City Council Regular Meeting Minutes SECONDER: Rebeca Armendariz, Council Member AYES: Council Member Armendariz, Mayor Pro Tempore Bracco, Council Member Cline, Council Member Hilton, Council Member Marques, Council Member Tovar, Mayor Blankley Enactment No.: Resolution No. 2023-58 12. CITY ADMINISTRATOR'S REPORTS 12.1. Know Your Code 12.2. E-newsletter Mailbag 12.3. Love Gilroy/Fight Dirty City Administrator Forbis provided the City Administrator’s Report. 13. CITY ATTORNEY'S REPORTS City Attorney Faber provided the City Attorney’s Report. 14. CLOSED SESSION Mayor Blankley opened Public Comment. Richard Perino recounted a 2006 house fire experience, critiqued response times, and pushed for fire department funding. Mike Sterner appealed to improve fire department staffing and address retention issues related to the CalPERS system. Steven Hayes highlighted the urgent staffing need at Santa Teresa station, emphasizing response times and urging action for optimal emergency outcomes. Matt Tuttle emphasized a widespread staffing issue across county fire departments, urging Gilroy officials to prioritize fire station staffing. Christopher Cobillas advocated for continuous staffing at the Santa Teresa Station and emphasized its role in emergency preparedness. Kim Kurtis highlighted the critical need for funding and staffing fire departments amidst Gilroy's growth. Jason Lucero raised concerns about inconsistent staffing and resources at the Santa Teresa Fire Station and questioned city transparency. Bob Weaver criticized discrepancies in response times and safety issue communication in the Santa Teresa district. Jim Blean spoke on the impact of fire station proximity on insurance rates and proposed consistent and strategic fire station staffing. Ron Kirkish criticized Glen Loma developers for delaying a fire station and suggested stringent council actions to ensure developer compliance. There being no further speakers, Mayor Blankley closed Public Comment. Mayor Blankley recessed the Regular Meeting at 8:40 PM. The City Council reconvened into Closed Session at 8:45 PM. DRAFTAgenda Item No. 7.1 Packet Page 11 of 199 October 2, 2023 | 6:00 PM Page 6 of 6 City Council Regular Meeting Minutes The vote to stay in Closed Session was unanimous. 14.1. CONFERENCE WITH LABOR NEGOTIATORS - COLLECTIVE BARGAINING UNIT Pursuant to GC Section 54957.6 and GCC Section 17A.11 (4); Collective Bargaining Units: Local 2805, IAFF Fire Unit Representing Gilroy Fire Fighters City Negotiators: Jimmy Forbis, City Administrator, LeeAnn McPhillips, HR Director Anticipated Issues(s) Under Negotiation: Wages, Hours, Benefits, Working Conditions; Memorandums of Understanding: City of Gilroy and Gilroy Fire Fighters Local 2805. No reportable action. 15. ADJOURN TO OPEN SESSION Mayor Blankley reported out of the Closed Session, as shown above. 16. ADJOURNMENT Mayor Blankley adjourned the meeting at 11:02 PM. I HEREBY CERTIFY that the foregoing minutes were duly and regularly adopted at a regular meeting of the City Council of the City of Gilroy. /s/ Thai Nam Pham, MMC, CPMC City Clerk DRAFTAgenda Item No. 7.1 Packet Page 12 of 199 7.2. Acceptance of an Office of Traffic Safety Selective Traffic Enforcement Program Grant in the Amount of $111,000 and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment Agenda Item No. 7.2 Packet Page 13 of 199 Page 1 of 3 City of Gilroy STAFF REPORT Agenda Item Title:Acceptance of an Office of Traffic Safety Selective Traffic Enforcement Program Grant in the Amount of $111,000 and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment Meeting Date:October 16, 2023 From:Jimmy Forbis, City Administrator Department:Police Submitted By:Pedro Espinoza, Police Chief Prepared By:Patricia Vigil, Management Analyst STRATEGIC PLAN GOALS Ensure Neighborhood Equity from City Services RECOMMENDATION 1. Accept the Office of Traffic Safety Selective Traffic Enforcement Program Grant for $111,000 and authorize the City Administrator to execute all grant agreements and related documents; and 2. Adopt a resolution of the City Council of the City of Gilroy amending the budget for Fiscal Year 2024 (FY24) and appropriating proposed expenditure amendments. EXECUTIVE SUMMARY The City of Gilroy has been the recipient of the Office of Traffic Safety Grant for many years. The Office of Traffic Safety released a solicitation for grant applications for the "Selective Traffic Enforcement Program" (STEP) grant in January 2023. The Gilroy Police Department applied for and was tentatively awarded a grant for $111,000. The objective of the grant is to reduce incidents of fatal and injury collisions involving vehicles, bicycles, and pedestrians by use of targeted traffic enforcement operations and enhanced traffic analytics. Agenda Item No. 7.2 Packet Page 14 of 199 Acceptance of an Office of Traffic Safety Selective Traffic Enforcement Program Grant in the Amount of $111,000 and Adoption of a Resolution of the City Council of the City of Gilroy Approving a FY24 Budget Amendment City of Gilroy City Council Page 2 of 3 October 16, 2023 BACKGROUND The California Highway Safety Program is a partnership effort between the National Highway Traffic Safety Administration and California. The Governor designates the Office of Traffic Safety to receive federal traffic safety funds for coordinating California’s highway safety programs. Each year, the Office of Traffic Safety develops a Highway Safety Plan identifying the key highway safety problems in the State and the most effective countermeasures to address them. The Office of Traffic Safety then solicits proposals statewide to address the identified problems and allocates funds to state and local governmental agencies to implement traffic safety programs and grants. In July 2023, the Office of Traffic Safety notified the Gilroy Police Department of tentative approval of our initial grant application for $111,000. The grant cycle is from October 1, 2023, to September 30, 2024, to expend the funds through their reimbursement process. As a condition of the award process, the governing body of the applying jurisdiction must approve the acceptance of the award prior to the final acceptance and allocation of funds. Police Officers will conduct 3 DUI checkpoints and 12 DUI saturation patrols provided by overtime, which the grant will reimburse. Police Officers will also attempt to reduce injury and fatal collisions by conducting 12 special traffic enforcement operations and six distracted driver operations. Acceptance of the grant requires the Police Department to provide training in DUI enforcement to Police Officers and traffic safety training to members of the community without reimbursement. The Police Department hosts a DUI training class taught by CHP so Gilroy Police Officers can attend without additional costs, and the Traffic Unit provides bicycle and pedestrian classes for school children during their normal workdays. Another requirement of the grant is that the Police Department participates in several national campaigns in conjunction with the Office of Traffic Safety such as Distracted Driver Month, Winter and Summer Anti-DUI campaigns, Pedestrian Safety Month, and Safe Routes to Schools. ANALYSIS In order to continue traffic-related enforcement operations, City Council action is required to appropriate the grant funds into the FY24 budget. The proposed budget appropriation is to be made in the Office of Traffic Safety Special Revenue Fund as follows: Org/Object Code: 2233010-52610/43120 $111,000. ALTERNATIVES The Council may reject approval to appropriate the Office of Traffic Safety Selective Traffic Enforcement Program Grants funds for $111,000 into the FY24 budget. Staff Agenda Item No. 7.2 Packet Page 15 of 199 Acceptance of an Office of Traffic Safety Selective Traffic Enforcement Program Grant in the Amount of $111,000 and Adoption of a Resolution of the City Council of the City of Gilroy Approving a FY24 Budget Amendment City of Gilroy City Council Page 3 of 3 October 16, 2023 does not recommend this option as it would mean alternative funding would have to be identified. FISCAL IMPACT/FUNDING SOURCE Approval of this action would appropriate the grant funding and increase revenue and expenditure appropriations to the Police Department’s Office of Traffic Safety Grants Fund (223), by $111,000 in the FY24 budget. PUBLIC OUTREACH The Police Department will conduct a public engagement campaign via our digital media platforms prior to each scheduled DUI checkpoint and participation of national campaigns in addition to the grant-required “Kickoff” press release. Attachments: 1. Draft Resolution Agenda Item No. 7.2 Packet Page 16 of 199 1 0 7 3 RESOLUTION NO. 2023-XX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY AMENDING THE BUDGET FOR THE CITY OF GILROY FOR FISCAL YEAR 2023-2024 IN THE OFFICE OF TRAFFIC SAFETY FUND AND APPROPRIATING PROPOSED EXPENDITURE AMENDMENTS WHEREAS, the City Administrator prepared and submitted to the City Council a budget for the City of Gilroy for Fiscal Years 2023-2024 and 2024-2025, and the City Council carefully examined, considered, and adopted the same on June 5, 2023; and WHEREAS, City Staff has prepared and submitted to the City Council a proposed amendment to said budget for Fiscal Year 2023-2024 for the City of Gilroy in the staff report dated October 16, 2023, for the Office of Traffic Safety Fund, appropriating funding received from the Office of Traffic Safety and, WHEREAS, the City Council has carefully examined and considered the same and is satisfied with said budget amendments. NOW, THEREFORE, BE IT RESOLVED THAT appropriations in the Office of Traffic Safety Fund, Fund 223, is hereby increased by $111,000 for Fiscal Year 2023- 2024. PASSED AND ADOPTED this 16th day of October 2023 by the following roll call vote: AYES:COUNCIL MEMBERS: NOES:COUNCIL MEMBERS: ABSTAIN:COUNCIL MEMBERS: ABSENT:COUNCIL MEMBERS: APPROVED: Marie Blankley, Mayor ATTEST: _______________________ Thai Nam Pham, City Clerk Agenda Item No. 7.2 Packet Page 17 of 199 7.3. Acceptance of an Office of Traffic Safety Traffic Records Improvement Program Grant for $24,800 and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment Agenda Item No. 7.3 Packet Page 18 of 199 Page 1 of 3 City of Gilroy STAFF REPORT Agenda Item Title:Acceptance of an Office of Traffic Safety Traffic Records Improvement Program Grant for $24,800 and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment Meeting Date:October 16, 2023 From:Jimmy Forbis, City Administrator Department:Police Submitted By:Pedro Espinoza, Police Chief Prepared By:Patricia Vigil, Management Analyst STRATEGIC PLAN GOALS Ensure Neighborhood Equity from City Services RECOMMENDATION 1. Accept the Office of Traffic Safety Traffic Records Improvement Program Grant for $24,800; and 2. Adopt a resolution of the City Council of the City of Gilroy amending the budget for Fiscal Year 2024 and appropriating proposed expenditure amendments. EXECUTIVE SUMMARY The Gilroy Police Department (GPD) was awarded a grant for $24,800 to electronically report traffic data to the California Highway Patrol Statewide Integrated Traffic Records System (SWITRS). BACKGROUND The California Highway Safety Program is a partnership effort between the National Traffic Safety Administration and California. The Governor of California designates the Office of Traffic Safety (OTS) to receive federal traffic safety funds for coordinating California’s highway safety programs. Each year, the OTS develops a Roadway Safety and Traffic Records Plan to assist law enforcement agencies in submitting reliable traffic Agenda Item No. 7.3 Packet Page 19 of 199 Acceptance of Office of Traffic Safety Traffic Records Improvement Program Grant for $24,800 and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment City of Gilroy City Council Page 2 of 3 October 16, 2023 collision data through the purchase of hardware or software tools. In July, the OTS notified GPD of grant approval for $24,800. The grant cycle is from October 1, 2023, to September 30, 2024, to expend the funds through a reimbursement process. As a condition of the award process, the governing body of the applying jurisdiction must approve the acceptance of the award prior to the final acceptance and allocation of funds. ANALYSIS GPD uses a data-driven approach for the reduction of injury and fatal traffic accidents using traffic enforcement, education, and collaboration with Public Works engineering personnel as key components. In 2020, OTS funded the purchase of the Crossroads software collision database system and analytics to gather collision data as a tool to determine the cause of injury and fatal traffic accidents. As with most law enforcement agencies, the Police Department is struggling to fill vacant Records Unit positions. GPD is authorized for six Record Technician positions and currently has three of these positions vacant. The Records unit manually sends traffic accident data to SWITRS, which is a time-consuming process, preventing timely information to SWITRS. With the award of the OTS grant, GPD will have the funding necessary to electronically report traffic collision data from Crossroads directly to SWITRS. GPD uses data-driven information to focus on the top primary factors involved in most traffic accidents and fatal accidents. GPD is committed to taking a comprehensive, inclusive, and equitable approach to delivering education, enforcement, and outreach programs to save lives. To accomplish the electronic delivery of traffic collision data to the California Highway Patrol SWITRS system, City Council action is required to appropriate the grant funds into the FY24 budget. The proposed budget appropriation is in the Office of Traffic Safety Grant special revenue fund as follows: Org/Object: 2233010-52610/43120 $24,800. ALTERNATIVES Council may reject approval to appropriate the Office of Traffic Safety Traffic Records Improvement Program Grant funds for $24,800 into the FY24 budget. Staff does not recommend this option as it would mean alternative funding would have to be identified. Agenda Item No. 7.3 Packet Page 20 of 199 Acceptance of Office of Traffic Safety Traffic Records Improvement Program Grant for $24,800 and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment City of Gilroy City Council Page 3 of 3 October 16, 2023 FISCAL IMPACT/FUNDING SOURCE Approval of this action would appropriate the grant funding and increase revenue and expenditure appropriations to the Police Department’s Office of Traffic Safety Grants fund (223) by $24,800 in the FY24 budget. Attachments: 1. Draft Resolution Agenda Item No. 7.3 Packet Page 21 of 199 1 1 2 8 RESOLUTION NO. 2023-XX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY AMENDING THE BUDGET FOR THE CITY OF GILROY FOR FISCAL YEAR 2023-2024 IN THE OFFICE OF TRAFFIC SAFETY FUND AND APPROPRIATING PROPOSED EXPENDITURE AMENDMENTS WHEREAS, the City Administrator prepared and submitted to the City Council a budget for the City of Gilroy for Fiscal Years 2023-2024 and 2024-2025, and the City Council carefully examined, considered, and adopted the same on June 5, 2023; and WHEREAS, City Staff has prepared and submitted to the City Council a proposed amendment to said budget for Fiscal Year 2023-2024 for the City of Gilroy in the staff report dated October 16, 2023, for the Office of Traffic Safety Fund, appropriating funding received from the Office of Traffic Safety and, WHEREAS, the City Council has carefully examined and considered the same and is satisfied with said budget amendments. NOW, THEREFORE, BE IT RESOLVED THAT appropriations in the Office of Traffic Safety Fund, Fund 223, is hereby increased by $24,800 for Fiscal Year 2023-2024. PASSED AND ADOPTED this 16th day of October 2023 by the following roll call vote: AYES:COUNCIL MEMBERS: NOES:COUNCIL MEMBERS: ABSTAIN:COUNCIL MEMBERS: ABSENT:COUNCIL MEMBERS: APPROVED: Marie Blankley, Mayor ATTEST: _______________________ Thai Nam Pham, City Clerk Agenda Item No. 7.3 Packet Page 22 of 199 7.4. Acceptance of an Edward Byrne Memorial Justice Assistance Grant for $19,822 for the Police Department and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment Agenda Item No. 7.4 Packet Page 23 of 199 Page 1 of 3 City of Gilroy STAFF REPORT Agenda Item Title:Acceptance of an Edward Byrne Memorial Justice Assistance Grant for $19,822 for the Police Department and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2024 Budget Amendment Meeting Date:October 16, 2023 From:Jimmy Forbis, City Administrator Department:Police Submitted By:Pedro Espinoza, Police Chief Prepared By:Patricia Vigil, Management Analyst STRATEGIC PLAN GOALS Ensure Neighborhood Equity from City Services RECOMMENDATION a) Accept the Edward Byrne Memorial Justice Assistance Grant for $19,822 from the United States Department of Justice, Bureau of Justice Assistance, and authorize the City Administrator to execute all grant agreements and related documents; and b) Adopt a resolution of the City Council of the City of Gilroy amending the budget for Fiscal Year 2023-2024 (FY24) and appropriating proposed expenditure amendments. EXECUTIVE SUMMARY The City of Gilroy Police Department has been the recipient of the annual Edward Byrne Memorial Justice Assistance Grant (JAG) for several years. The JAG program is the leading source of federal justice funding to state and local jurisdictions. The JAG Program provides local governments with critical funding necessary to support a range of program areas in law enforcement. The Police Department applied for and was awarded a grant of $19,822. Agenda Item No. 7.4 Packet Page 24 of 199 Acceptance of an Edward Byrne Memorial Justice Assistance Grant for $19,822 for the Police Department and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2023-2024 Budget Amendment. City of Gilroy City Council Page 2 of 3 October 16, 2023 BACKGROUND The United States Department of Justice, Bureau of Justice Assistance (BJA) released a solicitation for FY24 grant applications. In September 2023, the Police Department received approval of the grant application for $19,822 to use towards law enforcement and equipment programs. The grant cycle is from October 1, 2023, to September 30, 2024, to expend the funds through a reimbursement process. As a condition of the award process, the governing body of the applying jurisdiction must approve the acceptance of the award prior to the allocation of funds. The FY24 JAG grant funding would be used towards the technological upgrade of the Police Department’s community room. This would include the purchase of audio and visual equipment and other presentation aids for collaborative information sharing. This grant funding is to support essential technology upgrades because this room serves as a critical space for various law enforcement and community-related activities, including training, meetings, briefings, and functioning as a backup Emergency Operations Center (EOC) during critical incidents. With advancements in technology, the Department aims to enhance the functionality and overall efficiency of the space. The improvements will include television monitors, computers, a sound system, and other presentation aids. The community room is located within the Police Department and is the location of numerous trainings throughout the year, including defensive tactics, de-escalation techniques, first aid/CPR, DUI training, principled policing, and the Community Police Academy. It is also the venue for community meetings and police operation briefings hosted by the Anti-Crime Team, SWAT, and Traffic Division. ANALYSIS The JAG grant furthers the Police Department’s law enforcement efforts by enhancing its technology to use in tandem with oral presentations from presenters. The current technology in the community room is unreliable and has surpassed its useful life since its implementation in 2012. Purchasing upgraded, reliable equipment will enhance the ability to disseminate vital information and training material to police personnel. The JAG grant funding has been a benefit to the City for several years. In prior years, grant funds have been used towards the purchase of officer vest carriers, ceramic armor plates, and crisis negotiating equipment. To receive funding, City Council action is required to appropriate the grant funds into the FY24 budget. The proposed FY24 budget appropriation is in the Police Grants special revenue fund, as follows: Org/Object: 2253000-53120/43110 $19,822. Agenda Item No. 7.4 Packet Page 25 of 199 Acceptance of an Edward Byrne Memorial Justice Assistance Grant for $19,822 for the Police Department and Adoption of a Resolution of the City Council of the City of Gilroy Approving a Fiscal Year 2023-2024 Budget Amendment. City of Gilroy City Council Page 3 of 3 October 16, 2023 ALTERNATIVES The Council may reject approval to appropriate the Edward Byrne Memorial Justice Assistance Grant funds for $19,822 into the FY24 budget. Staff does not recommend this option as it would mean alternative funding would have to be identified. FISCAL IMPACT/FUNDING SOURCE Approval of this action would increase funding to the Police Department’s Grant Fund, Fund 225, by $19,822 in the FY24 budget towards upgrading technological equipment in the Police Department community room. There is no additional financial contribution required by the City of Gilroy. Attachments: 1. Draft Resolution Agenda Item No. 7.4 Packet Page 26 of 199 1 0 7 5 RESOLUTION NO. 2023-XX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY AMENDING THE BUDGET FOR THE CITY OF GILROY FOR FISCAL YEAR 2023-2024 IN THE POLICE DEPARTMENT GRANTS FUND AND APPROPRIATING PROPOSED EXPENDITURE AMENDMENTS WHEREAS, the City Administrator prepared and submitted to the City Council a budget for the City of Gilroy for Fiscal Years 2023-2024 and 2024-2025, and the City Council carefully examined, considered, and adopted the same on June 5, 2023; and WHEREAS, City Staff has prepared and submitted to the City Council a proposed amendment to said budget for Fiscal Year 2023-2024 for the City of Gilroy in the staff report dated October 16, 2023, for the Police Department Grants Fund, appropriating funding received from the United States Department of Justice, Bureau of Justice Assistance and, WHEREAS, the City Council has carefully examined and considered the same and is satisfied with said budget amendments. NOW, THEREFORE, BE IT RESOLVED THAT appropriations in the Police Department Grants Fund, Fund 225, is hereby increased by $19,822 for Fiscal Year 2023- 2024. PASSED AND ADOPTED this 16th day of October 2023 by the following roll call vote: AYES:COUNCIL MEMBERS: NOES:COUNCIL MEMBERS: ABSTAIN:COUNCIL MEMBERS: ABSENT:COUNCIL MEMBERS: APPROVED: Marie Blankley, Mayor ATTEST: _______________________ Thai Nam Pham, City Clerk Agenda Item No. 7.4 Packet Page 27 of 199 7.5. Approval of a Notice of Acceptance of Completion for the Gilroy Sports Park Playground Surface Repair Project No. 23-PW-276 and Approval of a Final Contract Amount with Itech Solution of $144,098.78 Agenda Item No. 7.5 Packet Page 28 of 199 Page 1 of 2 City of Gilroy STAFF REPORT Agenda Item Title:Approval of a Notice of Acceptance of Completion for the Gilroy Sports Park Playground Surface Repair Project No. 23-PW-276 and Approval of a Final Contract Amount with Itech Solution of $144,098.78 Meeting Date:October 16, 2023 From:Jimmy Forbis, City Administrator Department:Public Works Submitted By:Karl Bjarke, Interim Public Works Director Prepared By:Susana Ramirez, Engineer I STRATEGIC PLAN GOALS Maintain and Improve City Infrastructure RECOMMENDATION a) Approve a notice of acceptance of completion for the Gilroy Sports Park Playground Surface Repair Project No. 23-PW-276; and b) Approve a final contract amount of $144,098.78 with Itech Solution for the Gilroy Sports Park Playground Surface Repair Project No. 23-PW-276. EXECUTIVE SUMMARY The Public Works Department has completed the construction of the Gilroy Sports Park Playground Surface Repair Project and has reviewed and approved all project documentation. The project consisted of the removal and replacement of the rubberized playground surface at the Gilroy Sports Park. The total construction cost of the project was $144,098.78. Staff recommends the City Council’s approval of the Notice of Acceptance of Completion for the Gilroy Sports Park Playground Surface Repair Project No. 23-PW- 276 and approve the final contract amount of $144,098.78. Agenda Item No. 7.5 Packet Page 29 of 199 Approval of a Notice of Acceptance of Completion for the Gilroy Sports Park Playground Surface Repair Project No. 23-PW-276 and Approval of a Final Contract with Itech Solution in the Amount of $144,098.78 City of Gilroy City Council Page 2 of 2 October 16, 2023 BACKGROUND The City received grant funding from the State of California Department of Parks and Recreation, Office of Grants and Local Services (OGALS) under the Proposition 68 General Per Capita Grant Program in the amount of $78,750 for this project. This funding is allocated to cities and counties based on population for eligible projects improving park and recreation services. On February 27, 2023, the City Council awarded a contract to Itech Solution for the construction of the Gilroy Sports Park Playground Surface Repair Project in the amount of $134,140 with a project contingency of $13,414 (10%) for a maximum project expenditure of $147,554 and authorized the City Administrator to execute the contract and associated documents. The project funding was drawn from the Landscaping Operating Budget of the General Fund (Fund 100), and the City will be reimbursed $78,750 from OGALS. ANALYSIS The project scope of work included the removal and replacement of approximately 6,400 square feet of protective playground rubber safety surface material at the Gilroy Sports Park. The project was completed with a total construction cost of $144,098.78. The repairs took a total of 13 working days to complete. A certificate of substantial completion was issued on August 21, 2023. Project documentation has been completed, and the contractor has addressed all punch list items. The repairs were inspected and approved by OGALS’ Project Officer on August 29, 2023. Staff recommends the City Council approve the Notice of Acceptance of Completion for the Gilroy Sports Park Playground Surface Repair Project No. 23-PW- 276, as well as the final contract amount of $144,098.78. FISCAL IMPACT/FUNDING SOURCE The total project construction cost was $144,098.78, which represents a savings of $3,455.22 from the awarded contract total of $147,554, which included $13,414 (10%) in contingency. Construction of this project was funded through the State of California Department of Parks and Recreation under Proposition 68 Per Capita Grant and through the City’s Landscaping Operating Budget in the General Fund (Fund 100). The General Fund will be reimbursed $78,750 from OGALS grant funding. Attachments: 1. NOC 2023 Gilroy Sports Park 23-PW-276 Agenda Item No. 7.5 Packet Page 30 of 199 Agenda Item No. 7.5 Packet Page 31 of 199 Agenda Item No. 7.5 Packet Page 32 of 199 Agenda Item No. 7.5 Packet Page 33 of 199 9.1. Public Hearing Regarding the Proposed Water and Wastewater Rate Increases 1. Staff Report: 2. Open Public Hearing 3. Close Public Hearing 4. Possible Action: 1. Adopt as final the August 2023 Comprehensive Water and Wastewater Utility Rate Study Report prepared by NBS. 2. Adopt a resolution approving water and wastewater rate adjustments. Agenda Item No. 9.1 Packet Page 34 of 199 Page 1 of 5 City of Gilroy STAFF REPORT Agenda Item Title:Public Hearing Regarding the Proposed Water and Wastewater Rate Increases Meeting Date:October 16, 2023 From:Jimmy Forbis, City Administrator Department:Finance Submitted By:Harjot Sangha, Finance Director Prepared By:Harjot Sangha, Finance Director STRATEGIC PLAN GOALS Develop a Financially Resilient Organization Maintain and Improve City Infrastructure RECOMMENDATION 1. Adopt as final the August 2023 Comprehensive Water and Wastewater Utility Rate Study Report prepared by NBS. 2. Adopt a resolution approving water and wastewater rate adjustments. EXECUTIVE SUMMARY The City engaged a consultant, NBS Government Finance Group, to conduct a Comprehensive Water and Wastewater Rate Study (Rate Study) with several objectives, including meeting revenue requirements, reviewing rising costs of providing services, funding capital improvements and change in costs, and complying with specific legal requirements, such as Proposition 218 which requires that rates not exceed the cost of providing the service and be proportionate to the cost of providing service to all customers. The Rate Study yielded that both utilities must establish multi- year rate adjustments to continue investing in the critical infrastructure and keep pace with rising operating costs. The overall rate adjustments (as a percentage) necessary for both utilities for a five-year period are as follows: Agenda Item No. 9.1 Packet Page 35 of 199 Public Hearing Regarding the Proposed Water and Wastewater Rate Increases City of Gilroy City Council Page 2 of 5 October 16, 2023 FY24*FY25 FY26 FY27 FY28 Water 8%8%6%4%4% Wastewater 4%4%4%4%4% *First-year adjustments will vary for each customer based on their customer classification, as the cost-of-service analysis has been updated to reallocate costs recovered between customer classes. On August 21, 2023, the City Council received a presentation on the Rate Study and the proposed rate adjustments. City Council also adopted a resolution declaring intent to adjust the water and wastewater rates, commencing the Proposition 218 noticing process and setting October 16, 2023, as the date for the Public Hearing to adopt the proposed water and wastewater rates. The August 21st staff report is included as an attachment to this report. The City has completed the required noticing and is now at the final step of the Proposition 218 process, which is to conduct the Public Hearing and adopt the rates. As of writing this report, the City has received 26 protest letters opposing the rate adjustments, which is substantially below the required majority (50% plus one) needed of approximately 15,000 customers opposing the proposed rate adjustments to not institute the adjustments. Staff recommends the City Council conduct the Public Hearing, accept the final submission or withdrawals of protest letters, and adopt a resolution approving the water and wastewater rate adjustments. ANALYSIS The Rate Study was prepared in accordance with industry standards and included three primary components: 1) development of a financial plan which compared the current sources and uses of the funds and determined the revenue needed from the rates and project rate adjustments; 2) cost of service analysis which classified the expenses and allocated costs to different customer classes in a fair and equitable manner; and 3) rate design analysis which considered relationship between fixed (personnel, debt service, etc.) and variable costs (purchased water, electricity, etc.) to be recovered. The Rate Study is attached to this staff report. Water Rates Adjustments The table below outlines the current and proposed water rates for FY24 through FY28. It is important to note that since the last rate study in 2015, factors such as the number of meters and consumption of each customer class have changed. The cost-of-service analysis rebalances the allocation based on these factors, including the shift to 40% fixed and 60% variable proportions. As a result, there is an uneven adjustment in the first year. In subsequent years, the proposed charges are adjusted by the proposed percentage increases in total rate revenue needed for the net revenue requirement. Agenda Item No. 9.1 Packet Page 36 of 199 Public Hearing Regarding the Proposed Water and Wastewater Rate Increases City of Gilroy City Council Page 3 of 5 October 16, 2023 Note: The proposed rates for FY24 will be implemented on January 1, 2024, and annually on January 1 for subsequent fiscal years thereafter Wastewater Rates Adjustments The table below outlines the current and proposed wastewater rates for FY24 through FY28. Like the water rates, the first year’s rates reflect the cost-of-service adjustments that occur based on changes in customer classes, consumption, and other factors. The projected rates for subsequent years are adjusted by the proposed 4% annual increases. Note: The proposed rates for FY24 will be implemented on January 1, 2024, and annually on January 1 for subsequent fiscal years thereafter Public Hearing The Public Hearing is the final step of the Proposition 218 process to adopt the water and wastewater rate adjustments, which is being conducted after the minimum of 45 days from the mailing of the notification of proposed rate adjustments. As of the writing of this report (October 10, 2023), 26 written protest letters have been received regarding the rate adjustments, which is substantially below the required majority (50% plus one) needed from approximately 15,000 customers opposing the proposed rate adjustments to not institute the adjustments. The Council is required to accept all written protests Agenda Item No. 9.1 Packet Page 37 of 199 Public Hearing Regarding the Proposed Water and Wastewater Rate Increases City of Gilroy City Council Page 4 of 5 October 16, 2023 received before the close of the Public Hearing. Provided a majority protest is not received, Staff recommends the City Council approve the recommended rate adjustments by adopting the resolution. The first of the approved increases would become effective on January 1, 2024, and annually on January 1st for subsequent fiscal years. ALTERNATIVES Council could elect not to adopt the resolution approving the rate adjustments. This is not recommended as both water and wastewater utility rates have not been adjusted since 2019, and it is vital for the City to continue investing in critical utilities’ infrastructure and keep pace with rising operational costs. FISCAL IMPACT/FUNDING SOURCE The fiscal and resource impact of preparing the report is included in the staff’s annual workplan. The total cost for the comprehensive water and wastewater rate study is $72,325, which was budgeted and funded by the Water (705) and Wastewater (700) Funds. The new rates would generate an average of $2.7 million annually for the water utility and an average of $1.8 million for the wastewater utility over the next five-year period. PUBLIC OUTREACH The public outreach process commenced in early August, ahead of the Rate Study presentation to the City Council and included the City’s communication channels such as social media posts, weekly Email Express, and monthly utility bills with links to the dedicated utility rate adjustment webpage on the City’s website with relevant information and notices available in both the English and Spanish language. City staff also conducted a community meeting on September 6, 2023, which was attended by several community members. The outreach resulted in increased customer service inquiries to the utility billing function via phone, email and in person where staff provided pertinent rate adjustment information. NEXT STEPS Provided Council adopts the resolution approving the new rates, staff will begin a communication campaign advising customers of the upcoming rate adjustments which will be implemented on January 1, 2024. Staff will conduct similar notification annually thereafter for subsequent rate adjustments in the five-year period. Agenda Item No. 9.1 Packet Page 38 of 199 Public Hearing Regarding the Proposed Water and Wastewater Rate Increases City of Gilroy City Council Page 5 of 5 October 16, 2023 Attachments: 1. Draft Resolution 2. August 21, 2023 – Staff Report 3. Rate Study Agenda Item No. 9.1 Packet Page 39 of 199 RESOLUTION NO. 2023-XX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY ESTABLISHING THE CITY’S WATER AND WASTEWATER UTILITY SERVICE RATES EFFECTIVE JANUARY 1, 2024, AND ADJUSTED ANNUAL ON JANUARY 1 FOR EACH SUBSEQUENT FISCAL YEAR THEREAFTER THROUGH FISCAL YEAR 2027-28 WHEREAS, the City of Gilroy has identified ongoing operational and capital needs associated with the City’s water and wastewater utility system; and WHEREAS, in order to fund the identified water and wastewater system’s operational and capital costs, it is necessary to adjust the City’s current water and wastewater rates; and WHEREAS, the City of Gilroy engaged NBS Government Finance Group, a firm with expertise in the analysis of costs relating to utilities, to conduct a rate study of the City’s water and wastewater utilities; and WHEREAS, the City Council received the report prepared by NBS Government Finance Group at the August 21st, 2023, City Council meeting and heard from staff on this matter; and WHEREAS, on November 5, 1996, California voters approved Proposition 218, requiring specific procedures be followed with regard to “property-related” fee increases, including the need to provide written notice at least 45 days in advance of a public hearing; and WHEREAS, pursuant to California Constitution Article XIIID, which is commonly known as Proposition 218, the City gave at least 45 days’ notice of the time and place of the public hearing set before the City Council by causing to be mailed the said notice with instructions on the proper method for submitting a protest, postage prepaid, to all owners of property subject to the City's water and wastewater utilities system rate schedule, and to all water and wastewater utility customers on August 28, 2023; and WHEREAS, on August 21, 2023, the City Council adopted Resolution 2023-49 setting October 16, 2023, as the date for the public hearing for consideration of the water and wastewater rate adjustments. WHEREAS, pursuant to law, if a majority of the owners of property subject to the proposed water and wastewater utilities system rates file valid protests to the proposed rate, then the City Council may not adopt the new rate; and WHEREAS, the City Council has received and duly considered all written and verbal comments provided to it by staff and the public, which comments are hereby incorporated into the record on this matter; and WHEREAS, the number of protests compared to the number of parcels currently receiving water and wastewater services from the City is less than 50%. Agenda Item No. 9.1 Packet Page 40 of 199 Resolution No. 2023-XX Adjust Water and Wastewater Rates with Proposition 218 Hearing and Notice Authorization City Council Regular Meeting | August 21, 2023 Page 2 of 4 1 1 4 2 NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF GILROY DOES RESOLVE AS FOLLOWS: 1. The purposes of the fees and reserves set forth herein are to finance the water and wastewater utilities system costs. 2. The facts and evidence presented to the City Council establish that the cost determinations set forth in the NBS rate study are reasonable and proportional, and the fees expected to be generated will not exceed those reasonable and proportional costs. 3. The City Council hereby adopts the adjusted water and wastewater rate schedule, the reserve fund targets, and the rate study report. The rates are show in Exhibit “A”, which is attached hereto and incorporated by reference to be effective for each monthly cycle beginning on or after January 1, 2024, January 1, 2025, January 1, 2026, January 1, 2027, and January 1, 2028, as described in the Exhibit “A”. PASSED AND ADOPTED at a Regular Meeting of the City Council on this 16th day of October 2023 by the following vote: AYES:COUNCIL MEMBERS: NOES:COUNCIL MEMBERS: ABSTAIN:COUNCIL MEMBERS: ABSENT:COUNCIL MEMBERS: APPROVED: Marie Blankley, Mayor ATTEST: _______________________ Thai Nam Pham, City Clerk Agenda Item No. 9.1 Packet Page 41 of 199 Resolution No. 2023-XX Adjust Water and Wastewater Rates with Proposition 218 Hearing and Notice Authorization City Council Regular Meeting | August 21, 2023 Page 3 of 4 1 1 4 2 EXHIBIT A Wastewater Rates Wastewater revenues pay for the operations and maintenance of the collection system (pipes and pump stations that transport the wastewater from homes and businesses to the wastewater treatment plant) and the administrative and regulatory costs to run the system. The treatment plant is operated by the South County Regional Wastewater Authority (SCRWA), a Joint Powers Authority (JPA) whose members are the cities of Gilroy and Morgan Hill. A portion of the wastewater revenues collected by the City is used for payments to SCRWA. In addition, wastewater rates support infrastructure investments, such as necessary system repairs and renovations to meet new regulations. The residential wastewater service rates consist of fixed monthly charges. The non-residential wastewater service rates are comprised of two components: 1) a fixed monthly charge for non-residential wastewater monitoring and pretreatment program charges and 2) a volumetric monthly charge with four wastewater strength categories. The current and proposed wastewater rates charges for the next five years are presented in the Table 1 below: Table 1 – Current and Proposed Wastewater Rates Note: Revenue from rate increases assumes an implementation date of January 1, 2024 for new rates. For each fiscal year thereafter, the assumption is that new rates will also be implemented on January 1st of each year. Water Rates Water revenues pay for the operations and maintenance of infrastructure required to deliver water to the residential and non-residential customers of the City of Gilroy. A portion of these rates fund charges from the Santa Clara Valley Water District (SCVWD), known as Valley Water, for ground water production and management, as 100% of the City’s water is pumped from the ground. The City currently charges residential and non-residential customers a monthly fixed water charge, also known as base charge, based on meter size. In addition to a fixed monthly charge, all customers pay a variable charge, also known as volumetric rate, per 1,000 gallons consumed consisting of two rate tiers of consumption (under and above 30,000 gallons) and three different pump pressure zones. The proposed water rate design eliminates the two tiers and proposes a uniform tier for all customers. The current and proposed water rate charges for the next five years are presented in detail on Table 2 below: FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Monthly Fixed Charge Residential (100% Fixed) Single-Family Residence $46.64 $51.07 $53.11 $55.24 $57.45 $59.74 Multi-Family Residence $33.13 $34.39 $35.77 $37.20 $38.69 $40.23 Non-Residential Volumetric Rates Low Strength $7.41 $8.36 $8.69 $9.04 $9.40 $9.78 Domestic Strength $9.21 $9.51 $9.89 $10.29 $10.70 $11.12 Medium Strength $12.08 $13.15 $13.67 $14.22 $14.79 $15.38 High Strength $18.63 $21.56 $22.42 $23.32 $24.25 $25.22 Non-Residential - Monitoring & Pretreatment Program Base Rate Monthly Charges Significant/Categorical $240.95 $287.19 $298.68 $310.63 $323.05 $335.98 Non-Significant/Categorical $95.22 $114.64 $119.22 $123.99 $128.95 $134.11 Other Non-Residential $11.47 $15.47 $16.09 $16.73 $17.40 $18.09 Sewer Rate Schedule Current Rates Proposed Sewer Rates Agenda Item No. 9.1 Packet Page 42 of 199 Resolution No. 2023-XX Adjust Water and Wastewater Rates with Proposition 218 Hearing and Notice Authorization City Council Regular Meeting | August 21, 2023 Page 4 of 4 1 1 4 2 Table 2 – Current and Proposed Water Rates Note: Revenue from rate increases assumes an implementation date of January 1, 2024 for new rates. For each fiscal year thereafter, the assumption is that new rates will also be implemented on January 1st of each year. Valley Water Passthrough Rate Increase for Groundwater Valley Water charges the City a ground production charge for 100% of the City’s water that is pumped from the ground. In the event that Valley Water imposes additional charges associated with the pumping of groundwater, the City will implement a passthrough adjustment to customer’s bills no earlier than thirty (30) days after the adjustment has been enacted by Valley Water and noticed to all City customers. FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Monthly Fixed Service Charges Meter Size 3/4 inch $11.53 $20.67 $22.32 $23.66 $24.61 $25.59 1 inch $19.24 $29.05 $31.38 $33.26 $34.59 $35.98 1 1/2 inch $38.47 $50.02 $54.02 $57.26 $59.55 $61.93 2 inch $61.55 $75.17 $81.18 $86.05 $89.50 $93.08 3 inch $115.39 $142.24 $153.62 $162.84 $169.36 $176.13 4 inch $192.30 $217.70 $235.12 $249.23 $259.20 $269.57 6 inch $384.62 $427.32 $461.50 $489.19 $508.76 $529.11 8 inch $615.37 $678.85 $733.16 $777.15 $808.23 $840.56 10 inch $884.50 $1,768.83 $1,910.34 $2,024.96 $2,105.95 $2,190.19 Residential Customers - Tiered Volumetric Rates Tier 1 - Zone 1 $4.39 $4.00 $4.32 $4.58 $4.77 $4.96 Tier 1 - Zone 2 $4.93 $4.37 $4.72 $5.00 $5.20 $5.41 Tier 1 - Zone 3 $5.52 $4.73 $5.11 $5.41 $5.63 $5.85 Tier 2 ( more than 30 TG) Tier 2 - Zone 1 $4.93 N.A. N.A. N.A. N.A. N.A. Tier 2 - Zone 2 $5.47 N.A. N.A. N.A. N.A. N.A. Tier 2 - Zone 3 $6.06 N.A. N.A. N.A. N.A. N.A. Note: The City recently transitioned from July1-June 30 fiscal years to calendar years (January to December). Current Rates Proposed RatesWater Rate Schedule Variable Charges for All Water Consumed ($/1,000 gallons (or TG)) Uniform Vol. Rates Agenda Item No. 9.1 Packet Page 43 of 199 Page 1 of 10 City of Gilroy STAFF REPORT Agenda Item Title:Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates Meeting Date:August 21, 2023 From:Jimmy Forbis, City Administrator Department:Finance Submitted By:Harjot Sangha, Finance Director Prepared By:Harjot Sangha, Finance Director STRATEGIC PLAN GOALS Develop a Financially Resilient Organization Maintain and Improve City Infrastructure RECOMMENDATION 1. Receive report; and 2. Adopt a resolution: a. declaring intent to adjust water and wastewater rates; b. commencing the Proposition 218 noticing process; and c. Setting October 16, 2023, as the date for the Public Hearing to adopt the new proposed water and wastewater rates. EXECUTIVE SUMMARY The City engaged a consultant, NBS Government Finance Group, to conduct a Comprehensive Water and Wastewater Rate Study (Rate Study) with several objectives, including meeting revenue requirements, reviewing rising costs of providing services, funding capital improvements and change in costs, and complying with specific legal requirements, such as Proposition 218 which requires that rates not exceed the cost of providing the service and be proportionate to the cost of providing service to all customers. The City’s goal is to ensure both utilities maintain adequate Agenda Item No. 9.1 Packet Page 44 of 199 Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates City of Gilroy City Council Page 2 of 10 August 21, 2023 funding for operational and capital costs, reasonable reserves, and revenue stability in the utility rates. The Rate Study has yielded that both utilities will need to establish multi-year rate adjustments to continue investing in the critical infrastructure and keep pace with the rising operating costs. The overall rate adjustments (as a percentage) necessary for both utilities for a five-year period are as follows: FY24*FY25 FY26 FY27 FY28 Water 8%8%6%4%4% Wastewater 4%4%4%4%4% *First-year adjustments will vary for each customer based on their customer classification, as the cost-of-service analysis has been updated to reallocate costs recovered between customer classes. Staff recommend the City Council accept the Rate Study report, authorize the commencement of the required Proposition 218 Noticing requirements, and set October 16, 2023, as the date for the Public Hearing to adopt the new proposed water and wastewater rates. If approved, the proposed rates for FY24 will become effective on January 1, 2024, and annually on January 1 for subsequent fiscal years thereafter. BACKGROUND As a full-service City, Gilroy owns and operates its own water and wastewater utilities, providing services to over 15,000 customers and growing. To ensure both utilities collect revenue sufficient to meet the growing demand, keep pace with the rising operational costs, and fund the multi-year capital improvement plans, the City has conducted a utilities' rate study. The last utility rate study was completed in 2015, and the City has kept its water and wastewater rates the same since 2019. The City's operational costs for the water utility continue to increase due to inflationary cost increases for materials/services, electricity, and continued increases in water extraction charges from Valley Water. Statewide conservation efforts enacted in recent years due to the droughts also impacted the revenues collected as the City was mandated to reduce water consumption. In 2021, the City issued wastewater revenue bonds to finance the City's share (approximately $50 million) of the $86 million expansion of the South County Regional Wastewater Authority (SCRWA) plant due to be complete in 2025. In addition to the annual debt payment requirements, the City's cost for the wastewater utility is also expected to increase for its share of the treatment plant expense as the expansion becomes operational and state mandates require additional compliance. In April 2023, the City approved the updated Water and Wastewater Master Plans. The Plans assess utility systems against the desired level of service and identify infrastructure improvements needed to fix existing systems' deficiencies and service growth. The plans collectively identified over $50.3 million in new improvements, of which $21.7 million is for existing users (ratepayers) and $28.6 million for future developments. Agenda Item No. 9.1 Packet Page 45 of 199 Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates City of Gilroy City Council Page 3 of 10 August 21, 2023 For the City to continue investing in critical utilities' infrastructure and keep pace with rising operational costs, the City needs to establish multi-year rate adjustments. ANALYSIS A comprehensive rate study, such as the one City initiated, typically includes three components and is intended to follow industry standards: 1. Financial Plan – compares the current sources and uses of the funds and determines the revenue needed from rates and project rate adjustments. The net revenue requirement is the amount of rate revenue required to fund operations, capital improvement (including debt service), and reserves. As current rates fall short of that net revenue requirement, rate adjustments are typically warranted. 2. Cost-of-Service Analysis – An analysis that classifies expenses and allocates costs to different customer classes in a fair and equitable manner. These classifications include commodity, capacity, and customer service-related costs. 3. Rate Design Analysis – An analysis of the rate structure which considers the relationship between fixed (personnel, debt service, etc.) and variable costs (purchased water, electricity, etc.) to be recovered. Most rate structures contain a fixed, or a minimum, charge in combination with a volumetric charge. Ideally, utilities should recover all their fixed costs from fixed charges and all their variable costs from volumetric charges. The Rate Study is attached to this staff report. The below sections highlight notable changes within respective utilities and the recommended rate adjustments for the next five-year period. Water Utility and Rates Financial Plan •The Rate Study determined that the projected net revenue requirements for the water system range annually from $15.9 million in Fiscal Year 2023-24 (FY24) to $18.8 million in FY28. Without rate adjustments, the water utility is projected to have a gap in the net revenue requirement of approximately $2.0 million in FY24, increasing to $3.9 million by FY28. •Reserves: o The operating reserve is recommended to equal six months of operating and maintenance expenses, which is approximately $8.2 million in FY24. An operating reserve is intended to promote financial viability in the event of any short-term fluctuation in revenues and/or expenditures, such as those caused by weather patterns and variability in demand-based revenues (volumetric charges). o The capital rehabilitation/replacement reserve is recommended to be equal to 50% of the average annual capital improvement costs over the five-year period. The five-year average is approximately $8.2 million, with Agenda Item No. 9.1 Packet Page 46 of 199 Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates City of Gilroy City Council Page 4 of 10 August 21, 2023 the recommended annual reserve being approximately $4.1 million. This reserve is intended to be a cash resource set aside to address long-term capital system replacement and rehabilitation needs. o The water utility is projected to meet the total recommended operating and capital reserve target during the five-year period, FY24 through FY28. •Capital improvement Projects: The water system has approximately $41 million in planned capital expenditures over the next five years, an average of $8.2 million annually. The City has accumulated fund balances programmed to be utilized for the capital improvement program. The Rate Study assumes the City will need to issue approximately $16 million in revenue bonds in the latter years of the five-year period. However, whether the new debt will be required will depend on the actual delivery of capital projects (i.e., the timing and costs) in the current budget cycle. Cost-of-Service and Rate Design Analysis •The City currently charges residential and non‐residential customers a monthly fixed water charge, also known as a base charge, based on meter size. In addition to a fixed monthly charge, all customers pay a variable charge, also known as volumetric rate, per 1,000 gallons consumed, consisting of two rate tiers of consumption (under and above 30,000 gallons) and three different pump pressure zones. •The City’s current rates collect revenue in proportions of approximately 30% fixed and 70% variable. The cost-of-service analysis determined the actual cost distribution of the fixed and variable costs to approximately 40% fixed and 60% variable. The current rate design is not reflective of the actual cost distribution; thus, a change in the water utility rate structure is recommended to align with the actual distribution. For comparison purposes, the Rate Study also evaluated the current rate structure (30%/70%), and it is presented as an alternative 2 in the study. •The City’s current variable (volumetric) charge consists of two rate tiers of consumption (under and above 30,000 gallons) and three different pump pressure zones. Given that the City receives its water supply from a single source, it is recommended that the City transition to a uniform tier for all customers. Water Rate Adjustments The table below outlines the current and proposed water rates for FY24 through FY28. It is important to note that since the last rate study in 2015, factors such as the number of meters and consumption of each customer class have changed. The cost-of-service analysis rebalances the allocation based on these factors, including the shift to 40% fixed and 60% variable proportions. As a result, there is an uneven adjustment in the first year. In subsequent years, the proposed charges are adjusted by the proposed percentage increases in total rate revenue needed for the net revenue requirement. Agenda Item No. 9.1 Packet Page 47 of 199 Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates City of Gilroy City Council Page 5 of 10 August 21, 2023 Note: The proposed rates for FY23/24 will be implemented on January 1, 2024, and annually on January 1 for subsequent fiscal years thereafter Impact on Water Bills The Rate Study also compares the current and proposed water rates on the customer bills. The following two charts illustrate a five-year comparison of the average monthly water bill impact for a single-family residential and commercial customer. Based on an average of 8,300 gallons monthly consumption for single-family residential, the water bill will increase from the current $55.68/month to $62.29/month in the first year and $77.12/month by FY28. Agenda Item No. 9.1 Packet Page 48 of 199 Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates City of Gilroy City Council Page 6 of 10 August 21, 2023 Based on an average of 32,000 gallons of monthly consumption for commercial customers, the water bill will decrease from the current $152.01/month to $148.80/month in the first year and subsequently increase annually to $184.24/month by FY28. The change in the first year is attributed to the shift in rate design to align with the actual 60% fixed and 40% variable distribution. Wastewater Utility and Rates Financial Plan •The Rate Study determined that the projected net revenue requirements for the wastewater system range annually from $13.1 million in Fiscal Year 2023-24 (FY24) to $17.1 million in FY28. Without rate adjustments, the wastewater utility is projected to have a gap in the net revenue requirement of approximately $0.3 million in FY24, increasing to $2.7 million by FY28, and would struggle to meet its debt service coverage requirements on the existing 2021A sewer revenue bonds. •Reserves: o The operating reserve is recommended to equal six months of operating and maintenance expenses, which is approximately $6.8 million in FY24. An operating reserve is intended to promote financial viability in the event of any short-term fluctuation in revenues and/or expenditures, such as those caused by weather patterns and variability in demand-based revenues (volumetric charges) or costs of wastewater treatment. o The capital rehabilitation/replacement reserve is recommended to be equal to 50% of the average annual capital improvement costs over the five-year period. The five-year average is approximately $8.8 million, with Agenda Item No. 9.1 Packet Page 49 of 199 Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates City of Gilroy City Council Page 7 of 10 August 21, 2023 the recommended annual reserve being approximately $4.4 million. This reserve is intended to be a cash resource set aside to address long-term capital system replacement and rehabilitation needs. o The wastewater utility is projected to meet the total recommended operating and capital reserve target during the five-year period, FY24 through FY28, as well as the debt service coverage ratio required by the 2021A bond covenants. •Capital improvement Projects: The wastewater system has an average of $8.8 million annually in planned capital expenditures over the next five years. The City has accumulated fund balances and bond proceeds (SCRWA Expansion Project) that are programmed to be utilized for the capital improvement program. Thus, the rate increases required for the wastewater utility are less than those needed for the water utility. Cost-of-Service and Rate Design Analysis •Currently, the wastewater utility’s residential customers are charged a fixed monthly charge, and non-residential customers are charged a fixed monthly charge and a volumetric charge. The non-residential fixed monthly charge is based on City’s wastewater monitoring and pretreatment program costs and is determined by the use of the facility. Similarly, the non-residential variable charge is based on the strength category (low to high), also determined by the use of the facility, which takes into account the biochemical oxygen demand (BOD) and total suspended solids (TSS) in accordance with industry standards. o Low Strength (example: offices, schools, retail, and department stores) o Domestic Strength (example: hotel/motel, auto dealers, service stations, and beauty shops) o Medium Strength (example: commercial laundries, multi-use facilities, and hotels with restaurants) o High Strength (example: food processors/manufacturers, restaurants, grocery stores, etc.) •It is recommended that the wastewater utility maintain the existing rate design, which utilizes the wastewater strengths for various customer types based on State Water Resources Control Boards’ guidelines, and it provides consistency and continuity for the customers. Wastewater Rate Adjustments The table below outlines the current and proposed wastewater rates for FY24 through FY28. Like the water rates, the first year’s rates reflect the cost-of-service adjustments that occur based on changes in customer classes, consumption, and other factors. The projected rates for subsequent years are adjusted by the proposed 4% annual increases. Agenda Item No. 9.1 Packet Page 50 of 199 Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates City of Gilroy City Council Page 8 of 10 August 21, 2023 Note: The proposed rates for FY23/24 will be implemented on January 1, 2024, and annually on January 1 for subsequent fiscal years thereafter Impact on Wastewater Bills The Rate Study compares the current and proposed wastewater rates on the customer bills. The following two charts illustrate a five-year comparison of the average monthly wastewater bill impact for a single-family residential and commercial customer. For single-family residential, the average monthly will increase from the current $46.64/month to $51.07/month in the first year and increase to $59.74/month by FY28. For non-residential customers, the average monthly will increase from the current $106.31/month to $119.92/month in the first year and increase to $140.29/month by FY28. Bill comparisons for other strength categories are included in the Rate Study. Agenda Item No. 9.1 Packet Page 51 of 199 Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates City of Gilroy City Council Page 9 of 10 August 21, 2023 Next Steps In order to implement the fee adjustments, the City is required to follow Proposition 218 majority protest proceedings. Proposition 218 requires specific procedures to be followed with regard to property-related fee increases. The California Constitution requires local governments to give mailed notice of any property-related proposed fee changes at least 45 days before holding a public hearing where the City Council may adopt or reject the changes. Those opposed to the proposed rate adjustments can submit written protests to the City. If a majority (50% plus one) of customers oppose the proposed rate adjustments, City Council cannot implement the proposed increases. This process includes the following steps: •Schedule a public hearing requiring 45 days’ of mailed public notice to adopt the rate adjustments. Draft of the 45-day Proposition 218 Public Notice is included as attachment 3. •Mail the Public Notice describing the proposed rate adjustments to all property owners and occupants subject to the rate adjustments. •During the 45 days following the Public Notice, the City will accept any eligible written protests from property owners and occupants subject to the rate adjustments (protests can be received until the end of the public hearing). •Only one rate protest per property will be counted. For example, if the property owner and their tenant file a protest, only one will be counted for that property. Agenda Item No. 9.1 Packet Page 52 of 199 Presentation of the Comprehensive Water and Wastewater Utilities Rate Study; Adoption of a Resolution Commencing the Proposition 218 Noticing Process, and Setting October 16, 2023, as the Date for the Public Hearing to Adopt Water and Wastewater Rates City of Gilroy City Council Page 10 of 10 August 21, 2023 •After the public hearing, and assuming a majority of protests (50% plus one) is not received, conduct a vote of the City Council to adopt the rate adjustments. •The proposed rate adjustments will become effective on January 1, 2024, after the public hearing and annually on January 1 of each subsequent fiscal year through FY28. Staff recommends the City Council adopt a resolution (attachment 2) declaring intent to adjust the water and wastewater rates, authorizing the staff to commence the Proposition 218 noticing process, and setting October 16, 2023, as the date of the public hearing where Council will consider adoption of the rates. ALTERNATIVES Council could elect not to adopt the resolution of intent to adjust the water and wastewater rates. This is not recommended as the water and wastewater utility rates have not been adjusted since 2019, and it is vital for the City to continue investing in critical utilities' infrastructure and keep pace with rising operational costs. FISCAL IMPACT/FUNDING SOURCE The fiscal and resource impact of preparing the report is included in the staff’s annual workplan. The total cost for the comprehensive water and wastewater rate study is $72,325, which was budgeted and funded by the Water (705) and Wastewater (700) Funds. The cost of printing/mailing the Proposition 218 notices is estimated at $15,000 and will be funded by the Water and Wastewater Funds. If the Proposition 218 process concludes without the majority protest, and the water and wastewater rates are adopted as presented, the new rates would generate an average of $2.7 million annually for the water utility and an average of $1.8 million for the wastewater utility, over the next five-year period. PUBLIC OUTREACH Each property owner will receive a mailed Proposition 218 public hearing notice. In addition, the notice will also be included with the monthly utility bills for the September statements to notify all current customers. Staff will also conduct a community meeting in September 2023, a date to be determined, to present the Rate Study. Attachments: 1. Utilities Rate Study 2. Draft Resolution 3. Draft Proposition 218 Notice Agenda Item No. 9.1 Packet Page 53 of 199 Draft Report for: Comprehensive Water and Wastewater Utility Rate Study Aerial view of City of Gilroy via Google Earth nbsgov.com August 2023 I Agenda Item No. 9.1 Packet Page 54 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 This page left blank intentionally. Agenda Item No. 9.1 Packet Page 55 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 TOC TABLE OF CONTENTS A. PURPOSE .................................................................................................................... 1 B. OVERVIEW OF THE STUDY .......................................................................................... 1 A. KEY WATER RATE STUDY ISSUES ................................................................................. 6 B. FINANCIAL PLAN ......................................................................................................... 6 C. COST-OF-SERVICE ANALYSIS ....................................................................................... 9 D. CHARACTERISTICS OF WATER CUSTOMERS BY CUSTOMER CLASS ........................... 11 E. RATE DESIGN ANALYSIS ............................................................................................ 12 F. PROPOSED WATER RATES ........................................................................................ 14 G. COMPARISON OF CURRENT AND PROPOSED WATER BILLS ..................................... 15 A. KEY WASTEWATER RATE STUDY ISSUES ................................................................... 20 B. FINANCIAL PLAN ....................................................................................................... 20 C. COST-OF-SERVICE ANALYSIS ..................................................................................... 22 D. RATE DESIGN ANALYSIS ............................................................................................ 24 E. PROPOSED WASTEWATER RATES ............................................................................. 25 F. COMPARISON OF CURRENT AND PROPOSED WASTEWATER BILLS .......................... 26 A. CONSULTANT RECOMMENDATIONS ........................................................................ 31 B. NEXT STEPS ............................................................................................................... 31 C. NBS’ PRINCIPAL ASSUMPTIONS AND CONSIDERATIONS .......................................... 31 Agenda Item No. 9.1 Packet Page 56 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 TOF TABLE OF FIGURES Figure 1. Primary Components of a Rate Study ............................................................................. 1 Figure 2. Summary of Water Revenue Requirements ................................................................... 8 Figure 3. Summary of Primary Water Reserve Funds .................................................................... 9 Figure 4. Allocation Percentages of Revenue Requirements ....................................................... 10 Figure 5. Allocated Net Revenue Requirements – Preferred Rate Alternative ............................ 10 Figure 6. Water Consumption by Customer Class ....................................................................... 11 Figure 7. Peaking Factors by Customer Class .............................................................................. 11 Figure 8. Number of Meters by Customer Class .......................................................................... 12 Figure 9. Hydraulic Capacity Factors ........................................................................................... 13 Figure 10. Equivalent Meters ...................................................................................................... 13 Figure 11. Calculation of Fixed Service Charges .......................................................................... 14 Figure 12. Uniform Tier Rates for FY 2023/24 ............................................................................. 14 Figure 13. Current and Proposed Water Rates ............................................................................ 15 Figure 14. Monthly Water Bill Comparison for Residential Customers ....................................... 16 Figure 15. Monthly Water Bill Comparison for Commercial Customers ...................................... 17 Figure 16. Residential Water Bills – 5-Years ................................................................................ 17 Figure 17. Commercial Water Bills – 5-Years ............................................................................... 18 Figure 18. Residential Bills Comparison for Similar Communities ............................................... 19 Figure 19. Summary of Wastewater Revenue Requirements ...................................................... 21 Figure 20. Summary of Wastewater Reserve Funds .................................................................... 21 Figure 21. Development of the Flow Allocation Factor ............................................................... 22 Figure 22. Development of the Strength Allocation Factor ......................................................... 23 Figure 23. Development of the Customer Allocation Factor ....................................................... 23 Figure 24. Allocation of Revenue Requirements by Customer Class ........................................... 24 Figure 25. Development of Fixed and Variable Charges .............................................................. 25 Figure 26. Current vs. Proposed Wastewater Rates .................................................................... 26 Figure 27. Single-Family Residential Wastewater Bill Comparison .............................................. 26 Figure 28. Multi-Family Residential Wastewater Bill Comparison ............................................... 27 Figure 29. Non-Residential Low Strength Wastewater Bill Comparison ...................................... 28 Figure 30. Non-Residential Domestic Strength Wastewater Bill Comparison ............................. 28 Figure 31. Non-Residential Medium Strength Wastewater Bill Comparison ............................... 29 Figure 32. Non-Residential High Strength Wastewater Bill Comparison ..................................... 29 Figure 33. Non-Residential High Strength Wastewater Bill Comparison ..................................... 30 Agenda Item No. 9.1 Packet Page 57 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 1 Section 1. Purpose and Overview of the Study A. Purpose The City of Gilroy (City) retained NBS to conduct a comprehensive utility rate study for its water and wastewater enterprise funds. The City had several objectives and goals in mind for this study including meeting revenue requirements, reviewing the rising costs of providing services, funding capital improvements and changes in costs, and complying with certain legal requirements (e.g., California Constitution Article XIII D, Section 6, which is commonly referred to as Proposition 218 [Prop 218]). The City’s broader objectives in this study include ensuring adequate funding for operating and capital costs, maintaining reasonable reserves, ensuring revenue stability in utility rates. The rates resulting from this study were developed in a manner that is consistent with industry standard cost-of-service principles. In addition to documenting the rate study methodology, this report is provided with the intent to assist the City in its continuing effort to maintain transparent communications with the residents and community it serves. In developing new rates for the City’s enterprise funds, NBS worked cooperatively with City staff and the City Council (Council) in selecting the appropriate rate alternatives that address the City’s goals and objectives. Based on input provided by City staff, NBS proposes the rates summarized in this report. The Council has the final decision regarding the adoption of the proposed rates and whether to proceed with the Prop 218 approval process. B. Overview of the Study Comprehensive rate studies, such as this one, typically include three components: (1) preparation of a financial plan that identifies the net revenue requirements for the utility; (2) analysis of the cost to serve each customer class, and (3) the rate structure design. These steps are shown in Figure 1 and are intended to follow industry standards and reflect the fundamental principles of cost-of-service rate making embodied in the American Water Works Association’s (AWWA) Principles of Water Rates, Fees, and Charges,1 also referred to as Manual M1, and the Water Environment Federation’s Financing and Charges for Wastewater Systems (Manual of Practice No. 27).2 Rate studies also address requirements under Prop 218 that rates not exceed the cost of providing the service and be proportionate to the cost of providing service for all customers. In terms of the chronology of the study, the three steps shown in Figure 1 represent the order in which they were performed in this study. Figure 1. Primary Components of a Rate Study 1 Principles of Water Rates, Fees, and Charges, Manual of Water Supply Practices, Manual M1, American Water Works Association (AWWA), 7th Edition, 2017. 2 Financing and Charges for Wastewater Systems, Manual of Practice No. 27, Water Environment Federation, Fourth Edition, 2018. Agenda Item No. 9.1 Packet Page 58 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 2 1 FINANCIAL PLAN 2 COST-OF- SERVICE ANALYSIS 3 RATE DESIGN ANALYSIS Compares current sources and uses of funds and determines the revenue needed from rates and projects rate adjustments. Proportionally allocates revenue requirements to the customer classes in compliance with industry standards and State Law. Considers the rate structure that best meets the City’s need to collect rate revenue from various types of customers. NBS projected revenues and expenditures, developed net revenue requirements, performed cost-of- service rate analyses, and developed new water and wastewater rates for the City using this approach. The following sections in this report present an overview of the methodologies, assumptions, and data used along with the financial plans and rates developed. Detailed tables and figures documenting the development of the proposed rates are provided in the Appendices. The City provided NBS with the data necessary to conduct the study, including historical, current, and projected revenues and expenditures, number of customer accounts, and water consumption data along with other operational and capital cost information. FINANCIAL PLAN As a part of the rate study, NBS projected revenues and expenditures on a cash-flow basis for the next five (5) years. The amount of rate revenue required, that will allow reserves to be maintained at the recommended levels, is known as the net revenue requirement. As current rate revenue falls short of the net revenue requirement, rate adjustments – or more accurately, adjustments in the total revenue collected from rates – are recommended. This report presents an overview of the methodologies, assumptions, and data used along with the financial plan and proposed rates developed in this study.3 COST-OF-SERVICE ANALYSIS The basic purpose of the cost-of-service analysis (COSA) is to fairly and equitably allocate costs to customer classes. The cost-of-service analysis consists of two major components: (1) the classification of expenses, and (2) the allocation of costs to customer classes. For example, a key task is the “classification” of the water revenue requirements into the following categories: • Commodity related costs • Capacity related costs • Customer service related costs For the sewer utility, the normal classification of sewer revenue requirements uses the following categories: • Commodity related costs 3 The complete financial plans are available in the Appendices. Agenda Item No. 9.1 Packet Page 59 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 3 • Capacity related costs • Customer service related costs However, a unique aspect of the City’s sewer rates is the use of separate fixed charges to recover the costs of the monitoring, sampling, and pretreatment program costs.4 These costs are significantly different between various non-residential customers, who have been placed into one of three categories: • Significant/Categorical • Non-Significant/Categorical • Other Non-Residential Because these costs are allocated directly to these three classes of non-residential customers, they are allocated directly to these classes; this adds a fourth classification category (i.e., monitoring, sampling, and pretreatment program costs). Together, these four allocation factors represent the cost allocation classifications used in the cost of service analysis. Further details are discussed below and documented in the Appendices. RATE DESIGN ANALYSIS During the rate design phase of the study, NBS and City staff worked together to develop rate alternatives that will meet the City’s objectives. It is important for the City to send proper price signals to its customers about the actual cost of providing service. This objective is typically addressed through both the magnitude of the rate adjustments and the rate structure design. In other words, both the amount of revenue collected and the way in which the revenue is collected from customers are important. Several criteria are typically considered in setting rates and developing sound rate structures. The fundamentals of this process have been well documented in several rate-setting manuals, such as AWWA’s Manual M1. The foundation for evaluating rate structures is generally credited to James C. Bonbright in Principles of Public Utility Rates,5 which outlines pricing policies, theories, and economic concepts along with various rate designs. The following is a simplified list of the attributes of a sound rate structure: • Rates should be easy to understand from the customer’s perspective. • Rates should be easy to administer from the utility’s perspective. • Rates should be equitable and non-discriminating (i.e., cost-based). • Rates should promote the efficient allocation of the resource. • There should be continuity in the rate making philosophy over time. • Rates should address other utility policies (e.g., conservation and economic development). • Rates should provide month-to-month and year-to-year revenue stability. 4 This methodology for recovering these program costs was first established in the City’s 2015 rate study, and the City has decided to continue with this approach. 5 James C. Bonbright, Albert L. Danielsen, and David R. Kamerschen, Principles of Public Utility Rates, Arlington, VA: Public Utilities Report, Inc., Second Edition, 1988, pp. 383-384. Agenda Item No. 9.1 Packet Page 60 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 4 RATE STRUCTURE TERMINOLOGY This section covers basic rate design criteria that NBS and City staff considered as a part of their review of the rate structure alternatives. One of the most fundamental points in considering rate structures is the relationship between fixed and variable costs. Fixed costs, such as debt service and personnel costs, typically do not vary with the amount of water consumed. In contrast, variable costs, such as the cost of purchased water, chemicals, and electricity, tend to change with the quantity of water sold. Most rate structures contain a fixed, or minimum, charge in combination with a volumetric charge.  Fixed Charges – Fixed charges can be called base charges, minimum monthly charges, customer charges, fixed meter charges, etc. Fixed charges for water utilities typically increase by meter size. For example, a customer with a 2-inch meter has a fixed meter charge that is more than five times greater than the typical residential customer based on the safe operating capacity of the meter.6 Since a large portion of utility costs are typically related to meeting capacity requirements, individual capacity demands are important in establishing equitable rates for customers.  Variable (Consumption-Based) Charges – In contrast to fixed charges, variable costs, such as purchased water, groundwater replenishment costs, and the cost of electricity used in pumping water and chemicals for treatment, tend to change with the quantity of water produced. For a water utility, variable charges are calculated based on a metered consumption per unit price (e.g., per 100 cubic feet, or HCF).  Uniform (Single-Tier) Water Rates – There are significant variations in the basic philosophy of variable charge rate structure alternatives. Under a uniform (single tier) rate structure, the cost per unit does not change with consumption and, therefore, provides a simple and straightforward approach from the customer’s perspective and in terms of the City’s rate administration.  Zonal Water Rates – The City has chosen to reflect the cost variations due to pumping costs for moving water to the three elevation zones in the City. This is based on the higher costs for pumping-related energy costs and additional infrastructure for more pumping stations. However, the City has decided to only include the actual energy costs in the zonal water rates.  Tiered Water Charges – The 2015 San Juan Capistrano court decision held that water agencies may only charge tiered rates if they can show that the tiered rates are proportionate to the agency’s higher costs to serve those customers, meaning that caution must be used to ensure that customers are appropriately allocated costs that meet legal requirements. Although the City’s current rates include two tiers for all water customers, tiered water rates have been discontinued because source of supply data and costs do not lend themselves to using tiered 6 Principles of Water Rates, Fees, and Charges, Manual of Water Supply Practices, Manual M1, AWWA, 7th Edition, 2017, pp. 151-152. Agenda Item No. 9.1 Packet Page 61 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 5 rates for the City’s water customers and they would be difficult to defend under Prop 218 from a legal standpoint. KEY FINANCIAL ASSUMPTIONS The following is a summary of the key financial assumptions used in the analyses. The following capital and operational fund targets reflect input from City staff to meet specific utility objectives:  Funding of Capital Projects – The capital improvement costs will be funded with a combination of cash in reserves and the additional revenue generated from the proposed rate increases. The capital projects listed in the financial plan are from the City’s capital improvement program. The analysis assumes: • Capital costs attributable to existing customers are funded using rate revenue. • Capital costs attributable to growth are funded by revenue from the impact fee reserves.  Reserve Targets – For each utility (i.e., water and wastewater), the City maintains reserves for operations, capital, and other specific needs. The details of each utility’s reserve targets are covered in their respective section of this report.  Inflation and Growth Projections – Assumptions were made in the analysis regarding cost inflation to project future revenues and expenses for the study period. The following inflation factors were used in the analysis: • Customer growth is estimated at 1.50% per year. • General cost inflation is set at 3.07% annually. • Labor cost inflation is set at 3.50% annually. • Energy cost inflation is set at 7.44% annually. • Fuel & Utilities cost inflation is set at 5.24% annually. • Water purchases inflation factor is set at 5.0% annually. These inflation factors are based on long-term trends; therefore, the City should re-examine these factors in another year to assess the impacts on utility costs and whether projected rate increases will be sufficient for the remainder for the rate adoption period. Agenda Item No. 9.1 Packet Page 62 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 6 Section 2. Water Rate Study A. Key Water Rate Study Issues The City’s water rate analysis was undertaken with a few specific objectives, including: • Generating sufficient revenue to meet anticipated operating and maintenance costs and fund necessary capital improvement projects for the next five years. • Continuing with a rate design that promotes revenue stability. • Verifying the cost-of-service linkage between the current rate structure and the proposed water rates, including the zonal water rates. • Maintaining adequate reserve levels to ensure continuity in operations. • Complying with the legal requirements of Prop 218 to ensure the cost of providing service is properly allocated amongst user classifications. This was the basis for eliminating tiered water rates. NBS developed various water rate alternatives as requested by City staff over the course of this study. All rate structure alternatives relied on industry standards and cost-of-service principles. The rate alternative that will ultimately be implemented is the decision of the City Council. The fixed and volume-based charges were calculated based on the net revenue requirements, number of customer accounts, water consumption and estimated water discharge, and other relevant data provided by the City. The following are the basic components included in this analysis:  Developing Cost Allocations – The water revenue requirements were “functionalized” into three categories: (1) commodity (or volume-based) costs; (2) fixed capacity costs; and (3) customer service costs. These functionalized costs were then used to develop unit costs based on various factors, such as water consumption, peaking factors, and number of accounts by meter size.  Determining Revenue Requirements by Customer Class – The total revenue that needs to be collected from each customer class was determined using the functional costs and allocation factors. For example, customer costs are allocated based on the number of meters, while volume- related costs are allocated based on the water consumption of each customer class. Once the costs are allocated and the net revenue requirement for each customer class is determined, collecting the revenue requirements from each customer class is addressed within the rate design.  Evaluating Rate Design (Fixed vs. Variable Charges) – The revenue requirements for each customer class are collected through a combination of fixed monthly service charges and volumetric rates. Based on direction from City staff, the rates proposed in this report will collect 40% of the rate revenue from the fixed charge and 60% from the variable charges. B. Financial Plan It is important for municipal utilities to not only collect sufficient revenues every year, but to also maintain reasonable reserves to handle emergencies, fund working capital, maintain a good credit rating, and Agenda Item No. 9.1 Packet Page 63 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 7 generally follow sound financial management practices. Rate adjustments are governed by the need to meet operating and capital costs as well as maintain reasonable reserve levels. The current state of the City’s water utility, regarding these objectives, is as follows:  Meeting Net Revenue Requirements: For FY 2023/24 through FY 2027/28, the projected net revenue requirement (that is, total annual expenses plus debt service and rate-funded capital costs, less non-rate revenues) for the water system averages $15.9 - $18.8 million annually. If no rate adjustments are implemented, the City is projected to run an annual deficit of approximately $2 million in FY 2023/24, increasing to more than $3.9 million by FY 2027/28, and will be unable to meet its debt service coverage requirements in FY 2026/27 and FY 2027/28 when new debt service payments begin on the assumed bond issuance.  Maintaining Reserve Funds: Reserve funds provide a basis for a utility to cope with fiscal emergencies, such as revenue shortfalls, asset failure, and natural disasters, among other events. Reserve policies provide guidelines for sound financial management, with an overall long-range perspective to maintain financial solvency and mitigate financial risks associated with revenue instability, volatile capital costs, and unexpected emergencies. The City’s existing reserves are healthy and the challenge is to meet future revenue requirements and still maintain adequate reserves. NBS together with City staff have chosen to set the following reserve targets: • Operating Reserve equal to 6 months of operating and maintenance expenses, or approximately $8.2 million in FY 2023/24. An operating reserve is intended to promote financial viability in the event of any short-term fluctuation in revenues and/or expenditures, such as those caused by weather patterns, the natural inflow and outflow of cash during billing cycles, natural variability in demand-based revenue streams (e.g., volumetric charges), and – particularly in periods of economic distress – changes or trends in the age of receivables. NBS considers a 6-month operating reserve to be a very conservative reserve fund target (i.e., most municipal water utilities use a 3- month target for the operating reserve). • Capital Rehabilitation & Replacement Reserve equal to 50% of the average capital improvement costs over the 5-year rate adoption period; the five-year average is approximately $8.2 million, so the target reserve is $4.1 million. This reserve is intended to be a cash resource set aside to address long-term capital system replacement and rehabilitation needs. NBS considers a 50% capital reserve target to be at the higher end of what most utilities aim for. Many utilities aim for 3% to 6% of net assets, which in the City’s case would be $1.8 to $3.6 million.  Funding Capital Improvement Projects: The City must fund necessary capital improvements to maintain current service levels. City staff has identified roughly $41 million in expected capital expenditures over the next five years (FY 2023/24 through FY 2027/28) which is an average of $8.2 million in capital expenditures annually. This rate study assumes the City will be issuing $16 million in revenue bonds in FY 2025/26 through FY 2027/28. Proceeds from these revenue bonds along Agenda Item No. 9.1 Packet Page 64 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 8 with the recommended rate increases, enable the City to fund these capital expenditures without exhausting the existing reserves, although reserves will decrease significantly over the next five years, they are projected to end at about the target reserve level.  Inflation and Growth Projections: Cost inflation and growth assumptions are necessary to project future revenues and expenses for the study period. Customer growth is expected to be nearly 1.5% annually. This factor was used in the analysis for rate revenues while inflation factors, including the Consumer Price Index,7 were used in projecting expenses.  Maintaining Adequate Bond Coverage: Although the water utility currently has no outstanding debt, this analysis assumes that the City will be issuing $16 million in new debt to fund capital projects. However, whether new debt will be needed will depend on the actual delivery of capital projects (i.e., the timing and costs). The rate covenants of the new revenue bonds include a minimum debt service coverage ratio of 1.25. The benefit of maintaining a higher coverage ratio is that it strengthens the City’s credit rating which can help lower interest rates for debt-funded capital projects and, in turn, reduce annual debt service payments. Figure 2 summarizes the sources and uses of funds, net revenue requirements, and the annual percent adjustments in total rate revenue recommended for the next 5 years. Figure 2. Summary of Water Revenue Requirements Figure 3 summarizes the projected reserve fund balances and reserve targets for the City’s unrestricted funds. A detailed version of the proposed 5-year financial plan is included in Appendix A . The tables in the appendix include the revenue requirement, reserve funds, revenue sources, capital improvement costs, and the proposed rate adjustments needed to meet the City’s funding requirements. 7 Consumer Price Index for all urban consumers in the San Francisco area. Source: Website: https://www.bls.gov/cpi/. Budget FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Sources of Water Funds User Fees 13,665,000$ 13,939,000$ 14,218,000$ 14,431,270$ 14,647,739$ 14,867,455$ Other Revenue 105,000 110,000 112,000 113,680 115,385 117,116 Bank Interest 488,737 499,621 509,514 5,075 5,151 5,228 Total Sources of Funds 14,258,737$ 14,548,621$ 14,839,514$ 14,550,025$ 14,768,275$ 14,989,800$ Uses of Water Funds Water Administration 2,759,176$ 3,460,721$ 3,533,818$ 3,636,249$ 3,748,440$ 3,864,096$ Finance Water Utility Billing 873,507 1,047,309 1,077,076 1,095,995 1,133,828 1,172,968 Water Operations 4,983,992 6,952,444 6,568,972 6,810,814 7,061,889 7,322,564 Valley Water 3,293,972 4,641,000 4,873,050 5,116,703 5,372,538 5,641,165 Additional Capital Expenditures - 404,450 404,450 - - - Debt Service - - - - 453,067 906,134 Rate-Funded Capital Expenses - - - - - - Total Use of Funds 11,910,647$ 16,505,924$ 16,457,366$ 16,659,760$ 17,769,761$ 18,906,927$ Surplus (Deficiency) before Rate Increase 2,348,090$ (1,957,303)$ (1,617,852)$ (2,109,735)$ (3,001,486)$ (3,917,128)$ Additional Revenue from Rate Increases 1 - 557,560 1,745,841 2,900,027 3,817,967 4,624,944 Net Revenue Requirement2 11,316,910$ 15,896,303$ 15,835,852$ 16,541,005$ 17,649,225$ 18,784,583$ Surplus (Deficiency) after Rate Increase 2,348,090$ (1,399,743)$ 127,988$ 790,292$ 816,481$ 707,816$ Projected Annual Rate Increase 0.00% 8.00% 8.00% 6.00% 4.00% 4.00% Debt Coverage After Rate Increase N/A N/A N/A N/A 2.80 1.78 1. Revenue from rate increases assumes an implementation date of January 1, 2024 for new rates. For each year thereafter, the assumption is that new rates will also be implemented on January 1st of each year. 2. This is the annual amount needed from water rates. [Net Revenue Requirement = Total Use of Funds - (Non-Rate Revenues + Bank Interest)]. Summary of Sources and Uses of Funds and Net Revenue Requirements 5-Year Projected Rate Period Agenda Item No. 9.1 Packet Page 65 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 9 Figure 3. Summary of Primary Water Reserve Funds C. Cost-of-Service Analysis Once the net revenue requirements are determined, the cost-of-service analysis (COSA) proportionately distributes the revenue requirements to each of the customer classes. The COSA consists of two major components: (1) the classification of expenses, and (2) the allocation of costs to each customer class. Costs are classified according to the function they serve. All costs in the City’s budget are allocated to each component of the rate structure in proportion to the level of service required by customers. The level of service is related to the volume and strength of the water treated, infrastructure capacity, and customer service. These costs are based on allocation factors, such as water consumption, number of meters, and customer class. Ultimately, a COSA is intended to result in rates that are proportional to the cost of providing service to each customer class. FUNCTIONALIZATION AND CLASSIFICATION OF COSTS Most costs are not typically allocated just to fixed or variable categories but rather allocated to multiple functions of water service. The functionalization and classification process provides the basis for allocating costs to various customer classes based on the cost causation (classification) components described below: • Commodity related costs are costs associated with the change in the volume of water produced and delivered. These commonly include the costs of water quality testing, energy related to pumping for transmission and distribution, and source of supply. • Capacity related costs are costs associated with sizing facilities to meet the maximum, or peak, demand. This includes both operating costs and capital infrastructure costs incurred to accommodate peak system capacity events. • Customer related costs are costs associated with having a customer connected to the water system, such as meter reading, postage, billing, and other administrative duties. The City’s budgeted costs were reviewed and allocated to these cost causation components which are used as the basis for establishing new water rates and translated into fixed and variable charges. Tables in the Appendices show how the City’s expenses were classified and allocated to these cost causation components. In the analysis, these cost causation components are also considered to be either fixed or variable. Budget FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Operating Reserve Ending Balance 5,955,000$ 4,555,257$ 4,683,245$ 5,473,537$ 6,290,019$ 6,997,835$ Recommended Minimum Target 5,955,000 8,253,000 8,229,000 8,330,000 8,658,000 9,000,000 Capital Rehabilitation & Replacement Reserve Ending Balance 25,382,158$ 22,643,278$ 8,114,397$ 7,583,609$ 7,583,609$ 7,217,830$ Recommended Minimum Target 4,140,000 4,140,000 4,140,000 4,140,000 4,140,000 4,140,000 Total Ending Balance 31,337,158$ 27,198,535$ 12,797,642$ 13,057,146$ 13,873,627$ 14,215,665$ Total Recommended Minimum Target 10,095,000$ 12,393,000$ 12,369,000$ 12,470,000$ 12,798,000$ 13,140,000$ Beginning Reserve Fund Balances and Recommended Reserve Targets Projected Agenda Item No. 9.1 Packet Page 66 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 10 FIXED AND VARIABLE COSTS Ideally, utilities should recover all of their fixed costs from fixed charges and all of their variable costs from volumetric charges. When this is the case, fluctuations in water sales revenues would be directly offset by reductions or increases in variable expenses, which provides greater revenue stability for the utility. However, other factors are often considered when designing water rates, such as community values, water conservation goals, ease of understanding, and ease of administration.8 NBS functionalized the City’s costs into categories that represent fixed and variable costs. This analysis resulted in a cost distribution that is approximately 40% fixed and 60% variable (i.e., volumetric). However, the City’s current rates collect revenue from customers in proportions of approximately 30% fixed and 70% variable. City staff agrees with NBS that the current rate design is not reflective of the actual cost distribution ad determined by the cost of service analysis. Therefore, the proposed new rates are based on the 40% fixed and 60% variable allocations. NBS also evaluated the current 30% fixed/70% variable rate structure and compares the results below. Figure 4 summarizes how costs are allocated to each cost component and used to establish new water rates. Figure 5 shows the resulting cost allocation to each cost classification component. Figure 4. Allocation Percentages of Revenue Requirements Figure 5. Allocated Net Revenue Requirements – Preferred Rate Alternative 8 Principles of Water Rates, Fees, and Charges, Manual of Water Supply Practices, Manual M1, AWWA, 7th Edition, 2017, pp. 6 and 96. Commodity-Related Costs 9,032,472$ 60.0%10,537,884$ 70.0% Capacity-Related Costs 4,516,236 30.0%3,161,365 21.0% Customer-Related Costs 1,505,412 10.0%1,354,871 9.0% Net Revenue Requirement 15,054,120$ 100.0%15,054,120$ 100.0% Classification Components Net Rev. Reqts (FY 2023/24) ALT. 2 (30% Fixed / 70% Variable) ALT. 1 (Preferred) (40% Fixed / 60% Variable) Net Rev. Reqts (FY 2023/24) VARIABLE Residential 5,470,437$ 2,758,274$ 1,312,941$ 9,541,651$ Multi-Family 1,053,245 426,815 50,558 1,530,618 Commercial/Industrial 1,354,175 561,903 83,348 1,999,425 Institutional 155,983 103,540 3,302 262,825 Landscape 937,767 611,068 50,019 1,598,854 City Account 239 98 3,399 3,737 Hydrant 60,626 54,538 1,845 117,010 Total Net Revenue Requirement 9,032,472$ 4,516,236$ 1,505,412$ 15,054,120$ Customer- Related Costs Commodity- Related Costs Capacity- Related Cost s Cost of Service Net Revenue Requirements Customer Classes FIXED Classification Components Agenda Item No. 9.1 Packet Page 67 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 11 D. Characteristics of Water Customers by Customer Class Customer classes are typically determined by grouping customers with similar demand characteristics into categories that reflect the cost differentials to serve each type of customer. C ustomer classes are most often identified as single-family, multi-family, commercial, landscape, etc., and the City follows this common methodology. The rates proposed in this report follow a similar structure where the fixed charges within each customer class vary by meter size while all customers are charged a uniform volumetric rate based on zones. The amount of consumption, the peaking factors, and the number of meters by size are used to allocate costs as a part of COSA to allocate costs to customer classes and determine the appropriate rate structures for each. These components of the COSA are presented in the following figures. Commodity related costs are costs associated with the total annual consumption of water by customer class. Figure 6 below summarizes the most recent consumption data by customer class and represents the expected percent of consumption over the 5-year rate period. Figure 6. Water Consumption by Customer Class Figure 7 shows the peaking factors for each customer class. A “peaking factor” is the relationship between the average use by meter size to its peak use. Figure 7. Peaking Factors by Customer Class Agenda Item No. 9.1 Packet Page 68 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 12 Both operating costs and capital infrastructure costs incurred to accommodate peak system capacity events are generally allocated to each meter size according to its contribution to peak capacity events. These peaking factors are used to allocate the capacity-related costs to each customer class and are described in more detail later in this study. Figure 8 shows the number of meters for each customer class. The percentage of total customers by customer class is then used to develop the customer allocation factors to allocate customer costs. Customer costs are those costs associated with having customers connected to the water system and include costs related to meter reading, postage, and billing. Figure 8. Number of Meters by Customer Class E. Rate Design Analysis Evaluating the water rate structure includes reviewing rate-design objectives and policies, including continuity of rate design, revenue stability, equity among customers, and water conservation. NBS discussed the 40%/60% (preferred) and 30%/70% rate designs with City staff over the course of this study. Ultimately, City staff selected the 40%/60% rate alternative, as it is closest to the actual cost of service based on NBS’ analysis. Also, because of the difficulty meeting Prop 218 legal requirements of demonstrating the cost basis for tiered rates given the City’s water supply costs, the preferred rate structure proposes a uniform tier for all customers rather than the existing two-tiers. The following section describe how the proposed water rates were determined. DEVELOPMENT OF PROPOSED RATES Fixed Service Charges The fixed meter charge recognizes that the water utility incurs fixed costs regardless of whether customers use water. There are two components that comprise the fixed meter charge: (1) the capacity component, and (2) the customer component. The capacity component recovers costs associated with sizing the water system to ensure there is sufficient capacity in the system to meet peak demand. A user class with a higher peaking ratio is allocated a proportionately higher share of the capacity-related costs compared to customer classes with lower peaking ratios. The customer component includes those costs related to reading and maintaining meters, customer billing and collection, and other customer service-related costs. Customer Class No. of Meters FY 2021/221 Percent of Total Residential 13,518 87.2% Multi-Family 521 3.4% Commercial/Industrial 858 5.5% Institutional 34 0.2% Landscape 515 3.3% City Account 35 0.2% Hydrant 19 0.1% Total 15,500 100.0% 1. Meter count data is based on the City's billing data for June 2022. Agenda Item No. 9.1 Packet Page 69 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 13 Fixed charges also vary based on meter sizes because larger meters have higher capacity requirements and reflect their potential to use more of the system’s capacity.9 The potential capacity demands (peaking) is proportional to the maximum hydraulic flow through each meter size based on the hydraulic capacity ratios established by AWWA.10 The AWWA capacity ratios used for this report are shown in Figure 9. Figure 9. Hydraulic Capacity Factors The actual number of meters by size is multiplied by the corresponding capacity ratios to calculate “equivalent” meters. The number of equivalent meters is used as a proxy for the potential demand that each customer can place on the water system. Figure 10 summarizes the number of meters, the hydraulic capacity factors, and the number of equivalent meters (i.e., the number of meters multiplied by the hydraulic capacity factor) by customer class and meter size. Figure 10. Equivalent Meters Using the costs allocated to each customer class from Figure 5, Figure 11 shows the calculation of the fixed monthly service charges for all customer classes based on meter size. As previously mentioned, the customer service charge is calculated by dividing the customer service-related costs by the total number of 9 System capacity is the system’s ability to supply water to all delivery points at the time when demanded. 10 Principles of Water Rates, Fees and Charges, Manual of Water Supply Practices, Manual M1, AWWA, 7th Edition, 2017, p. 386. Water Meters – Selection, Installation, Testing and Maintenance, Manual M6, AWWA, 5th Edition, 2012, pp. 63-65. 3/4 inch 30 1.00 1 inch 50 1.67 1 1/2 inch 100 3.33 2 inch 160 5.33 3 inch 320 10.67 4 inch 500 16.67 6 inch 1,000 33.33 8 inch 1,600 53.33 10 inch 4,200 140.00 1. Per AWWA M-1, Table B-1. Compound Class I Meters Turbine Class II Meters Meter Capacity (gpm)1 Displacement Meters Meter Size Equivalency to 1-inch Standard Meters Agenda Item No. 9.1 Packet Page 70 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 14 meters, whereas the fixed capacity charge is calculated by dividing the capacity-related costs by the total number of equivalent meters for each meter size. Figure 11. Calculation of Fixed Service Charges Volumetric Rates Currently, the City uses a 2-tier rate structure for all customers; however, the proposed rates are based on a uniform, or single tier, volumetric rate. Given the single source of water supply, a uniform volumetric rate is more feasible from a Prop 218 perspective. Figure 12 shows the calculation of the uniform tier rate per unit of water for all customers, including the basic commodity rate (without pumping costs) and rates for each zone (including pumping costs). Figure 12. Uniform Tier Rates for FY 2023/24 F. Proposed Water Rates The City’s previous rate study was completed eight years ago in 2015. Since then, the underlying cost factors (e.g., consumption by class, number of meters, peaking factors) have changed. The cost-of-service analysis by nature “re-balances” how costs are allocated between customer classes and, as a result, there 3/4 inch 1 inch 1 1/2 inch 2 inch 3 inch 4 inch 6 inch 8 inch 10 inch Residential 4,445 8,273 172 459 167 2 0 0 0 13,518 Multi-Family 137 203 84 56 24 17 0 0 0 521 Commercial/Industrial 251 330 0 249 10 14 3 0 1 858 Institutional 0 1 0 15 8 9 1 0 0 34 Landscape 34 182 79 212 4 4 0 0 0 515 City Account 5 7 1 19 2 1 0 0 0 35 Hydrant 0 0 0 0 19 0 0 0 0 19 Total Meters/Accounts 4,872 8,996 336 1,010 234 47 4 0 1 15,500 Hydraulic Capacity Factor 2 1.00 1.67 3.33 5.33 10.67 16.67 33.33 53.33 140.00 Total Equivalent Meters 4,872 14,993 1,120 5,387 2,496 783 133 0 140 29,925 Monthly Fixed Service Charges Customer Costs ($/Acct/month)3 $8.09 $8.09 $8.09 $8.09 $8.09 $8.09 $8.09 $8.09 $8.09 Capacity Costs ($/Acct/month)4 $12.58 $20.96 $41.92 $67.08 $134.15 $209.61 $419.22 $670.76 $1,760.74 Total Monthly Meter Charge $20.67 $29.05 $50.02 $75.17 $142.24 $217.70 $427.32 $678.85 $1,768.83 Annual Fixed Costs Allocated to Monthly Meter Charges Customer Costs $ 1,505,412 Capacity Costs 4,516,236 Total Fixed Meter Costs 6,021,648$ Annual Revenue from Monthly Meter Charges Customer Charges 473,185$ 873,722$ 32,633$ 98,095$ 22,727$ 4,565$ 388$ -$ 97$ 1,505,412$ Capacity Charges 735,283$ 2,262,797$ 169,031$ 812,957$ 376,697$ 118,221$ 20,123$ -$ 21,129$ 4,516,236$ Total Rev. from Mo. Meter Charges 1,208,468$ 3,136,518$ 201,664$ 911,051$ 399,424$ 122,786$ 20,511$ -$ 21,226$ 6,021,648$ 1. Meter by Class and Size are based on June 2022 customer billing data. 2. Source: AWWA Manual M1, "Principles of Water Rates, Fees, and Charges", Table B-1 3. Customer costs are allocated to each customer by dividing the total customer costs by the total number of customers. 4. Capacity costs are allocated by meter size and the hydraulic capacity of the meter. Total FY2023/24Number of Meters by Class and Size1 Zone 1 Zone 2 Zone 3 Residential - Tier 1 1,348,786 60.6%4,912,312$ $3.64 $4.00 $4.37 $4.73 Multi-Family 259,687 11.7%945,787 $3.64 $4.00 $4.37 $4.73 Commercial/Industrial 333,884 15.0%1,216,014 $3.64 $4.00 $4.37 $4.73 Institutional 38,459 1.7%140,069 $3.64 $4.00 $4.37 $4.73 Landscape 231,215 10.4%842,091 $3.64 $4.00 $4.37 $4.73 City Account 59 0.0%215 $3.64 $4.00 $4.37 $4.73 Hydrant 14,948 0.7%54,441 $3.64 $4.00 $4.37 $4.73 Total Potable Water 2,227,038 39.4%8,110,929$ Pumping Costs 921,543 Total Volumetric Reve. Reqts.9,032,472$ Uniform Commodity Rates Including Pumping Costs ($/TG)Water Use (TG/yr.)1 Total Vol. Rev. Reqts. (Excl. Pumping) Customer Classes % of Total Water Use Uniform Commodity Rates ($/TG) Agenda Item No. 9.1 Packet Page 71 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 15 are uneven adjustments in the first year of the 5-year rate adoption period. In contrast, in the subsequent four years of the rate planning period, proposed charges are simply adjusted by the proposed adjustment in total rate revenue needed to meet projected revenue requirements. Figure 13 provides a comparison of the current and proposed water rates for FY 2023/24 through 2027/28 for each customer class and meter size. Projected rates for each fiscal year 11 reflect adjustments based on the cost-of-service analysis, the 40% fixed/60% variable rate design structure, and the recommended percent increases in rate revenue planned for each year. More detailed tables on the development of the proposed water rates are documented in Appendix A. Figure 13. Current and Proposed Water Rates Note: The proposed rates for FY23/24 will be implemented January 1, 2024, and annually on January 1 for subsequent fiscal years thereafter G. Comparison of Current and Proposed Water Bills Figure 14 and Figure 15 compare a range of monthly water bills under the current and proposed water rates for residential and commercial customers, including the bills for Alternative 2, the 70% fixed/30% variable option. These monthly bills are based on typical meter sizes and highlight the average consumption levels for each customer. These bill comparisons assume that financial plan projections remain accurate. However, some costs that are outside of the City’s control could change, such as the cost of water purchased from Valley Water. 11 All rate adjustments are scheduled to be effective on January 1, 2024. FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Monthly Fixed Service Charges Meter Size 3/4 inch $11.53 $20.67 $22.32 $23.66 $24.61 $25.59 1 inch $19.24 $29.05 $31.38 $33.26 $34.59 $35.98 1 1/2 inch $38.47 $50.02 $54.02 $57.26 $59.55 $61.93 2 inch $61.55 $75.17 $81.18 $86.05 $89.50 $93.08 3 inch $115.39 $142.24 $153.62 $162.84 $169.36 $176.13 4 inch $192.30 $217.70 $235.12 $249.23 $259.20 $269.57 6 inch $384.62 $427.32 $461.50 $489.19 $508.76 $529.11 8 inch $615.37 $678.85 $733.16 $777.15 $808.23 $840.56 10 inch $884.50 $1,768.83 $1,910.34 $2,024.96 $2,105.95 $2,190.19 Residential Customers - Tiered Volumetric Rates Tier 1 - Zone 1 $4.39 $4.00 $4.32 $4.58 $4.77 $4.96 Tier 1 - Zone 2 $4.93 $4.37 $4.72 $5.00 $5.20 $5.41 Tier 1 - Zone 3 $5.52 $4.73 $5.11 $5.41 $5.63 $5.85 Tier 2 ( more than 20 TG) Tier 2 - Zone 1 $4.93 N.A. N.A. N.A. N.A. N.A. Tier 2 - Zone 2 $5.47 N.A. N.A. N.A. N.A. N.A. Tier 2 - Zone 3 $6.06 N.A. N.A. N.A. N.A. N.A. Current Rates Proposed RatesWater Rate Schedule Variable Charges for All Water Consumed ($/1,000 gallons (or TG)) Uniform Vol. Rates Agenda Item No. 9.1 Packet Page 72 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 16 There is a “pass-through” provision that allows the City to make adjustments to water rates if these types of costs exceed those in the City’s projections. Figure 14. Monthly Water Bill Comparison for Residential Customers $32.41$41.19$45.58$55.68$67.53$85.09$107.04$41.07$49.07$53.08$62.29$73.10$89.11$109.13$36.00$45.36$50.04$60.80$73.44$92.16$115.55$0 $25 $50 $75 $100 $125 3 5 6 8.3 11 15 20Monthly BillMonthly Water Consumption (TG) Single-Family Residential Water Bill Comparison Current vs. Proposed FY'23/24 Rates (1" Meter) Residential Bill - Current Rates Residential Bill 60/40 V/F Residential Bill 70/30 V/F Average ANNUAL Bill (8.3 TG/mo.)Average WINTER Bill (6 TG/mo.) Average SUMMER Bill (11 TG/mo.) Agenda Item No. 9.1 Packet Page 73 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 17 Figure 15. Monthly Water Bill Comparison for Commercial Customers Figure 16 and Figure 17 compare the single-family and commercial water bills for the five-year rate adoption period assuming average consumption levels. Figure 16. Residential Water Bills – 5-Years $55.43$99.33$134.45$152.01$178.35$252.98$340.78$60.71$100.75$132.78$148.80$172.82$240.89$320.96$62.89$109.69$147.12$165.84$193.92$273.48$367.08$0 $50 $100 $150 $200 $250 $300 $350 $400 10 20 28 32 38 55 75Monthly BillMonthly Water Consumption (TG) Commercial Water Bill Comparison Current vs. Proposed FY'23/24 Rates (< 1" Meter) Commercial Bill - Current Rates Commercial Bill 60/40 V/F Commercial Bill 70/30 V/F Average WINTER Bill (28 TG/mo.) Average ANNUAL Bill (32 TG/mo.) Average SUMMER Bill (38 TG/mo.) Agenda Item No. 9.1 Packet Page 74 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 18 Figure 17. Commercial Water Bills – 5-Years Figure 18 presents a comparison of residential water rates for similar communities. $62.29$67.27$71.31$74.16$77.12$55.68$60.80$65.66$69.60$72.39$75.28$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (TG) Residential Water Bill Comparison 5-Year Projection (1" Meter) Resid. - 5-Year Rates (60/40 V/F) Resid. - 5-Year Rates (70/30 V/F) Average Monthly Water Use -8.3 TG $152.01 $148.80$160.70$170.34$177.15$184.24$165.84$179.11$189.86$197.45$205.35$0 $50 $100 $150 $200 $250 FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (TG) Commercial Water Bill Comparison 5-Year Projection (1" Meter) Commercial - 5-Year Rates (60/40 V/F) Commercial - 5-Year Rates (70/30 V/F) Annual Monthly Water Use -32 TG Agenda Item No. 9.1 Packet Page 75 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 19 Figure 18. Residential Bills Comparison for Similar Communities $56.21 $60.16 $62.39 $73.43 $73.89 $77.76 $99.81 $103.67 $111.46 $134.52 $0 $25 $50 $75 $100 $125 $150 City of Hollister City of Gilroy (Current Rates) City of Morgan Hill Alternative #1 - 40F/60V Alternative #2 - 30F/70V City of Sunnyvale City of Santa Clara City of Milpitas City of Santa Cruz San Jose Municipal Water Regional Water Bill Comparion -SFR Customer Assumes 1" Meter, 14 hcf monthly consumption Agenda Item No. 9.1 Packet Page 76 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 20 Section 3. Wastewater Rate study A. Key Wastewater Rate Study Issues The City’s wastewater rate analysis was undertaken with a few specific objectives, including: • Ensuring equity among customer classes by collecting rate revenue through the cost-of-service process based on both fixed monthly charges and volumetric rates. • Maintain adequate reserve levels to ensure continuity in operations. • Ensure adequate funding for the utility’s capital projects, due to the level of capital investment planned over the next five years. • Comply with Prop 218 requirements to ensure costs are properly allocated between user classifications. B. Financial Plan Like the water utility, it is important for the wastewater utility to ensure rates provide sufficient funding to cover operating and maintenance costs, planned capital expenditures, and maintain reasonable reserves. The wastewater utility’s rate increases are governed by these needs, and the current state of the City’s wastewater utility is as follows:  Meeting Net Revenue Requirements: For FY 2023/24 through FY 2027/28, the projected net revenue requirements (that is, total operating expenses plus rate-funded capital costs less non-rate revenues) for the City averages approximately $13.1 million to $17.1 million annually. If no rate increases are implemented, the City is projected to run an annual deficit of approximately $280,000 beginning in FY 2024/25 but increasing to $2.7 million by FY 2027/28, and the utility would struggle to meet its debt service coverage requirements.  Maintaining Reserve Funds: Reserve funds provide a basis for a utility to cope with fiscal emergencies such as revenue shortfalls, asset failure, and natural disasters, among other events. Reserve policies provide guidelines for sound financial management, with an overall long-range perspective to maintain financial solvency and mitigate financial risks associated with revenue instability, volatile capital costs, and emergencies. The reserve funds for the wastewater utility are considered unrestricted reserves and consist of the following: • Operating Reserve: The target ending fund balance for the operating reserve is equal to six months of operating expenses, or approximately $6.8 million in FY 2023/24. An operating reserve is intended to promote financial viability in the event of any short-term fluctuation in revenues and/or expenditures. Fluctuations in revenue can be caused by weather patterns, the natural inflow and outflow of cash during billing cycles, natural variability in demand-based revenue streams (such as volumetric charges), and – particularly in periods of economic distress – changes or trends in age of receivables. • Capital Rehabilitation & Replacement Reserve equal to 50% of the average capital improvement costs over the 5-year rate adoption period which is approximately $4.4 million. Agenda Item No. 9.1 Packet Page 77 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 21 This reserve is set aside to address long-term capital system replacement and rehabilitation needs.  Maintaining Adequate Bond Coverage: The City is required by the rate covenants of the 2021A Wastewater Revenue Bonds to maintain a minimum debt service coverage ratio of 1.25. The benefit of maintaining a coverage ratio higher than 1.25 is that it strengthens the City credit rating which helps lower interest rates for debt-funded capital projects and can reduce annual debt service payments. With the recommended rate increases, the City is projected to meet the debt coverage requirement for the five-year rate adoption period ending in FY 2027/28. The recommended rate revenue increases are 4% annually throughout the 5-year rate adoption period. Figure 19 summarizes the sources and uses of funds, net revenue requirements, and the recommended annual increases in wastewater rate revenue proposed for the next 5 years. Figure 20 summarizes the projected reserve fund balances and reserve targets for the wastewater utility’s unrestricted funds. Figure 19. Summary of Wastewater Revenue Requirements Figure 20. Summary of Wastewater Reserve Funds Proj. Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Sources of Sewer Funds User Fees 13,247,000$ 13,512,000$ 13,782,000$ 13,988,730$ 14,198,561$ 14,411,539$ Interfund Transfer In 1,533,500 2,244,000 2,244,000 2,244,000 2,244,000 2,244,000 Misc. Revenue & Interest Earnings2 992,066 649,871 397,017 15,619 15,853 16,091 Total: Sources of Funds 15,772,566$ 16,405,871$ 16,423,017$ 16,248,349$ 16,458,414$ 16,671,630$ Uses of Sewer Funds 7500 - Sewer Administration 3,606,254$ 2,143,559$ 2,202,325$ 2,339,468$ 2,481,991$ 2,625,123$ 7510 - Finance Sewer Utility Billing 921,605 1,037,477 1,083,341 1,120,978 1,159,924 1,200,226 7520 - Sewer Operations 2,758,341 4,362,836 4,320,125 4,464,460 4,613,637 4,767,818 SCWRA Oper. Costs (less Monit., Sampl., Pre-Tr.Cost 5,715,995 6,146,815 6,517,038 6,781,500 6,989,600 7,207,300 Monitoring, Sampling, Pretreatment (Non-Resid. Cos N.A.365,700 440,200 388,500 400,400 412,700 Subtotal: Operating Expenses 13,002,195$ 13,690,686$ 14,122,829$ 14,706,406$ 15,245,153$ 15,800,467$ Debt Service 1,533,500$ 2,244,000$ 2,244,400$ 2,243,600$ 2,241,600$ 2,243,300$ Rate-Funded Capital Expenses - 75,401 335,906 211,300 755,038 1,334,115 Total: Use of Funds 14,535,695$ 16,010,087$ 16,703,135$ 17,161,306$ 18,241,791$ 19,377,882$ Surplus (Deficiency) before Rate Increase 1,236,871$ 395,784$ (280,118)$ (912,957)$ (1,783,377)$ (2,706,252)$ Additional Revenue from Rate Increases 1 -$ 540,480$ 1,121,811$ 1,743,733$ 2,408,627$ 3,119,008$ Surplus (Deficiency) after Rate Increase 1,236,871$ 936,264$ 841,693$ 830,775$ 625,250$ 412,756$ Projected Annual Rate Increase 0.00%4.00%4.00%4.00%4.00%4.00% Debt Coverage After Rate Increase (1.25 required)1.81 1.45 1.52 1.46 1.62 1.78 Net Revenue Requirement2 12,010,129$ 13,116,216$ 14,062,118$ 14,901,687$ 15,981,938$ 17,117,791$ 1. Revenue from rate increases assumes an implementation date of Jnnuary 1, 2024 for new rates. For each year thereafter, the assumption is that new rates will be implemented on July 1st of each year. 2. This is the annual amount needed from water rates. [Net Revenue Requirement = Total Use of Funds - (Non-Rate Revenues + Bank Interest)]. Summary of Sources and Uses of Funds and Net Revenue Requirements 5-Year Projected Rate Period Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Unrestricted Reserves Operating Reserve Ending Balance 6,501,000$ 6,845,000$ 7,061,000$ 7,353,000$ 7,623,000$ 7,900,000$ Recommended Minimum Target 6,501,000 6,845,000 7,061,000 7,353,000 7,623,000 7,900,000 Capital Rehabilitation & Replacement Reserve Ending Balance 12,942,049$ 13,495,633$ 11,271,248$ 8,151,561$ 6,946,887$ 5,648,582$ Recommended Minimum Target 4,420,000 4,420,000 4,420,000 4,420,000 4,420,000 4,420,000 Total Ending Balance 19,443,049$ 20,340,633$ 18,332,248$ 15,504,561$ 14,569,887$ 13,548,582$ Total Recommended Minimum Target 10,921,000$ 11,265,000$ 11,481,000$ 11,773,000$ 12,043,000$ 12,320,000$ 5-Year Projected Rate PeriodBeginning Reserve Fund Balances and Recommended Reserve Targets Agenda Item No. 9.1 Packet Page 78 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 22 A more detailed version of the utility’s proposed 5-year financial plan is included in Appendix B. The appendix tables include revenue requirements, reserve funds, revenue sources, proposed rate increases, and the City’s capital improvement program. C. Cost-of-Service Analysis Once the net revenue requirements are determined, the cost-of-service analysis (COSA) proportionately distributes the revenue requirements to each of the customer classes. The COSA consists of the classification of expenses and then the allocation of those expenses to customer classes based on allocation factors, such as water consumption and number of equivalent dwelling units (EDUs), or accounts. Ultimately, a COSA is intended to result in rates that are proportional to the cost of providing service to each customer class. CUSTOMER CLASSES AND ALLOCATION FACTORS Customer classes are determined by combining customers with similar demand characteristics and types of use into categories that reflect the cost differentials to serve each type of customer. The most recent water consumption data was the basis for estimating the amount of flow that each customer class sends to the treatment plant. Figure 21 shows the development of the flow/volume allocation factors by customer class calculated by taking the lowest consecutive 3-month water usage for FY 2021/22 for residential customers, annualizing that usage, and using the annual consumption for non-residential customer classes. Figure 21. Development of the Flow Allocation Factor Volumetric charges for non-residential customer classes were based on the annual consumption and their estimated effluent strengths (Residential customers do not have volumetric charges, just fixed monthly charges). Figure 22 summarizes the development of the strength allocation factors by customer class. These strength-related percentages were used to allocate strength-related costs. (Note: Although residential customers do not have volumetric charges, their strengths, and their estimated pounds of BOD and TSS, are used to allocate capacity-related costs to single- and multi-family customers.) Agenda Item No. 9.1 Packet Page 79 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 23 Figure 22. Development of the Strength Allocation Factor Figure 23 summarizes the development of the customer allocation factor. Figure 23. Development of the Customer Allocation Factor CLASSIFICATION AND ALLOCATION OF COSTS As previously noted, costs are classified into the following four categories: (1) flow-related costs, (2) strength-related costs (BOD and TSS), (3) customer-related costs, and (4) direct allocation costs for monitoring, sampling, and pretreatment program costs. Most costs are typically allocated to more than one of these categories except for this last category in which costs, as implied by its name, are directly allocated to the three categories of non-residential customers (i.e., Significant/Categorical, Non- Significant/Categorical, and Other Non-Residential). The City’s budgeted costs were allocated to these four categories which serve as the basis for calculating the fixed and variable charges. Tables in Appendix B show how the City’s expenses were classified and allocated to these cost-causation components. Customer Class Number of Dwelling Units / Accounts Percent of Total Residential Customers Single-Family Residence 12,330 66.2% Multi-Family Residence 4,585 24.6% Non-Residential Customers - Strength Classes Low Strength 427 2.29% Domestic Strength 253 1.36% Medium Strength 55 0.30% High Strength 128 0.69% Non-Residential Customers - Categorical Classes Significant/Categorical 6 0.03% Non-Significant/Categorical 458 2.46% Other Non-Residential 387 2.08% Total: 18,628 100.0% Agenda Item No. 9.1 Packet Page 80 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 24 Although the analysis of the classification of costs indicated that 44% of cost should be collected from volumetric charges and 56% from fixed charges 12, these percentages don’t really apply in the City’s case because: • Residential classes do not have a volumetric charge. • Non-residential customers do not have a typical fixed charge that recovers system capacity and related fixed costs, just a volumetric charge based on their strength category. • As mentioned above, non-residential classes do have a separate fixed charge for monitoring, sampling, and pretreatment program costs, but this is only for these directly allocated costs, not system capacity costs. Figure 24 summarizes the allocation of the net revenue requirements to each cost causation component for the proposed rates. Figure 24. Allocation of Revenue Requirements by Customer Class D. Rate Design Analysis During this rate study, NBS discussed with City staff various rate alternatives that collected revenue differently from fixed vs. variable charges. Ultimately, the rate alternative selected by City staff is one similar to the existing rate design. The reasons for selecting this alternative are (1) it maintains the existing rate design developed during the last study which utilize wastewater strengths for various customers types based on values in the State water Resources Control Board guidelines,13 (2) it provides continuity for sewer customers, and (3) it is easy to understand from a customer’s perspective and easy to administrate from City staff’s perspective. FIXED CHARGES The fixed charge recognizes that the wastewater utility incurs fixed costs regardless of whether customers send any wastewater into the City’s collection system. There are three factors used to develop the fixed charge: 1) the number of dwelling units for residential customers, 2) the number of accounts for non- 12 FY 2021/22 data indicate sewer rates currently collect 75% of rate revenue from fixed charges and 25% from volumetric charges. 13 The City’s previous rate study showed domestic customer strengths for BOD and TSS of 200 to 225 mg/l (Table 1, page 5). Residential strength factors used here are the 205 mg/l shown in Table 22. Agenda Item No. 9.1 Packet Page 81 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 25 residential customers, and 3) the annual revenue requirement. The monthly fixed charge is calculated by taking 100% of total revenue requirements for residential customer classes and dividing by the number of accounts (for single-family) and by the number of dwelling units (for multi-family). Non-residential fixed charges are based on the directly allocated monitoring, sampling, and pretreatment program costs and divided by the number of accounts in the three non-residential categorical customer classes (i.e., Non-Significant/Categorical, Significant/Categorical, and Other Non-Residential). VARIABLE CHARGES The variable charges are calculated by dividing 100% of the annual net revenue requirements for the non- residential strength-related customer classes by the annual consumption. The residential and non-residential fixed and variable charge calculations are summarized in Figure 25. The typical single-family residential customer has an average winter flow of 5.4 TG/month and strength factors of 205 mg/l for both BOD and TSS. Multi-family customers have an average winter flow of 3.6 TG/month and the same strength factors as single-family customers. Figure 25. Development of Fixed and Variable Charges E. Proposed Wastewater Rates The proposed wastewater rates are similar to existing rates in terms of the rate design and rate methodology. Figure 26 compares the current and proposed rates for FY 2023/24 through FY 2027/28 by customer class. While proposed rates in the first year (FY 2023/24) reflect the cost-of-service adjustments that often occur when they have not been updated in eight years, the projected rates for future years are strictly tied to annual rate increase in an “across-the-board” adjustment. More detailed tables on the development of the proposed rates are documented in Appendix B. Agenda Item No. 9.1 Packet Page 82 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 26 Figure 26. Current vs. Proposed Wastewater Rates Note: The proposed rates for FY23/24 will be implemented on January 1, 2024, and annually on January 1 for subsequent fiscal years thereafter F. Comparison of Current and Proposed Wastewater Bills The following figures compare monthly wastewater bills under current and proposed rates for various customers over the 5-year rate period. These bill comparisons are calculated at typical levels of consumption. The last figure presents a comparison of residential sewer rates for similar communities. Figure 27. Single-Family Residential Wastewater Bill Comparison $46.64 $46.64 $46.64 $46.64 $46.64 $51.07 $53.11 $55.24 $57.45 $59.74 $0 $10 $20 $30 $40 $50 $60 $70 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) SFR -Sewer Bill Comparison Current vs. Proposed Rates SFR Bill - Current Rates SFR Bill - Proposed Rates Agenda Item No. 9.1 Packet Page 83 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 27 Figure 28. Multi-Family Residential Wastewater Bill Comparison Agenda Item No. 9.1 Packet Page 84 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 28 Figure 29. Non-Residential Low Strength Wastewater Bill Comparison Figure 30. Non-Residential Domestic Strength Wastewater Bill Comparison $106.31 $106.31 $106.31 $106.31 $106.31 $119.92 $124.72 $129.71 $134.90 $140.29 $0 $20 $40 $60 $80 $100 $120 $140 $160 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) Low-Strength Commercial Sewer Bill Comparison Current vs. Proposed Rates (28 TG/Mo.) Current Rates Proposed Rates $260.83 $260.83 $260.83 $260.83 $260.83$269.31 $280.09 $291.29 $302.94 $315.06 $0 $50 $100 $150 $200 $250 $300 $350 $400 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) Domestic-Strength Commercial Sewer Bill Comparison Current vs. Proposed Rates (28 TG/Mo.) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 85 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 29 Figure 31. Non-Residential Medium Strength Wastewater Bill Comparison Figure 32. Non-Residential High Strength Wastewater Bill Comparison $812.78 $812.78 $812.78 $812.78 $812.78 $940.48 $978.10 $1,017.22 $1,057.91 $1,100.23 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) High-Strength Commercial Sewer Bill Comparison Current vs. Proposed Rates (43 TG/Mo.) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 86 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 30 Figure 33. Residential Bills Comparison for Similar Communities $38.90 $46.06 $46.64 $51.07 $61.30 $72.97 $80.38 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 San Jose Watsonville Gilroy, Current Gilroy, Proposed Santa Cruz Morgan Hill Hollister Regional Sewer Bill Comparion -SFR Customer Agenda Item No. 9.1 Packet Page 87 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 31 Section 4. Recommendations and Next Steps A. Consultant Recommendations NBS recommends the City take the following actions: • Approve and Accept this Study: NBS recommends the City Council formally approve and adopt this Study and its recommendations and proceed with the next steps outlined below to implement the proposed rates. This will provide documentation of the rate study analyses and the basis for analyzing potential changes to future rates. • Implement Recommended Levels of Rate Increases and Proposed Rates: Based on successfully meeting the Prop 218 procedural requirements, the City should proceed with implementing the 5-year schedule of proposed rates and rate increases previously shown in Figure 13 and Figure 26. This will help ensure the continued financial health of City’s utilities. B. Next steps Annually Review Rates and Revenue – Any time an agency adopts new utility rates or rate structures, those new rates should be closely monitored over the next several years to ensure the revenue generated is sufficient to meet the annual revenue requirements. Changing economic and water consumption patterns underscore the need for this review, as well as potential and unseen changing revenue requirements — particularly those related to environmental regulations that can significantly affect capital improvements and repair and replacement costs. Note: The attached Technical Appendices provide more detailed information on the analysis of the financial plan, revenue requirements, cost-of-service, and the rate design analyses that have been summarized in this report. C. NBS’ Principal Assumptions and Considerations In preparing this report and the opinions and recommendations included herein, NBS has relied on several principal assumptions and considerations regarding financial matters, conditions, and events that may occur in the future. This information and these assumptions, including the City’s budgets, capital improvement costs, customer accounts and consumption, and information from City staff were provided by sources we believe to be reliable, although NBS has not independently verified this data. While we believe NBS’ use of such information and assumptions is reasonable for the purpose of this report and its recommendations, some assumptions will invariably not materialize as stated herein and may vary significantly due to unanticipated events and circumstances. Therefore, the actual results can be expected to vary from those projected to the extent that actual future conditions differ from those assumed by us or provided to us by others. Agenda Item No. 9.1 Packet Page 88 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 32 Technical Appendices Agenda Item No. 9.1 Packet Page 89 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 33 Appendix A. Water Rate Study Tables and Figures Agenda Item No. 9.1 Packet Page 90 of 199 CITY OF GILROY Financial Plan & Reserve Summary WATER RATE STUDY Financial Plan and Reserve Projections TABLE 1 :FINANCIAL PLAN AND SUMMARY OF REVENUE REQUIREMENTS Budget FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Sources of Water Funds Rate Revenue:1 User Fees 13,665,000$ 13,939,000$ 14,218,000$ 14,431,270$ 14,647,739$ 14,867,455$ Other Revenue: Connect/Install Charges 105,000 110,000 112,000 113,680 115,385 117,116 Bank Interest & Misc.2 488,737 499,621 509,514 5,075 5,151 5,228 Total Sources of Funds 14,258,737$ 14,548,621$ 14,839,514$ 14,550,025$ 14,768,275$ 14,989,800$ Uses of Water Funds Operating Expenses:1 Water Administration $ 2,759,176 $ 3,460,721 $ 3,533,818 $ 3,636,249 $ 3,748,440 $ 3,864,096 Finance Water Utility Billing 873,507 1,047,309 1,077,076 1,095,995 1,133,828 1,172,968 Water Operations 4,983,992 6,952,444 6,568,972 6,810,814 7,061,889 7,322,564 Valley Water 3,293,972 4,641,000 4,873,050 5,116,703 5,372,538 5,641,165 Additional Capital Expenditures - 404,450 404,450 - - - Subtotal: Operating Expenses 11,910,647$ 16,505,924$ 16,457,366$ 16,659,760$ 17,316,694$ 18,000,793$ Other Expenditures: New Debt Service -$ -$ -$ -$ 453,067$ 906,134$ Rate-Funded Capital Expenses - - - - - - Subtotal: Other Expenditures -$ -$ -$ -$ 453,067$ 906,134$ Total Uses of Water Funds 11,910,647$ 16,505,924$ 16,457,366$ 16,659,760$ 17,769,761$ 18,906,927$ plus: Revenue from Rate Increases3 - 557,560 1,745,841 2,900,027 3,817,967 4,624,944 Annual Surplus/(Deficit) After Rate Increases 2,348,090$ (1,399,743)$ 127,988$ 790,292$ 816,481$ 707,816$ Net Revenue Req't. (Total Uses less Non-Rate Revenue)11,316,910$ 15,896,303$ 15,835,852$ 16,541,005$ 17,649,225$ 18,784,583$ Total Rate Revenue After Rate Increases 13,665,000$ 14,496,560$ 15,963,841$ 17,331,297$ 18,465,706$ 19,492,400$ Projected Annual Rate Revenue Increase 0.00%8.00%8.00%6.00%4.00%4.00% Cumulative Increase from Annual Revenue Increases 0.00%8.00%16.64%23.64%28.58%33.73% Debt Coverage After Rate Increase N/A N/A N/A N/A 2.80 1.78 1. Revenue and expenses for FY 2022/23 provided by the City. Revenues and expenses for all other years are escalated based on the forecasting assumptions in Table 9 (See Exhibit 1 (O&M) Tab). Source file: FY23 Budgets.xlsx . 2. Interest income for FY FY 2022/23 is from the City's Budget. For all other years, it is calculated based on historical LAIF returns. 3. Revenue from rate increases assumes an implementation date of April 1, 2023 for new rates. For each year thereafter, the assumption is that new rates will be implemented on July 1st of each year. 3 <-- Select Financial Plan Scenario Here Financial Plan Alternatives FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 1 Alt 1 - No Annual Rate Increases/No New Debt 0.00%0.00%0.00%0.00%0.00%0.00% 2 Alt 2 - Gen. Infl. Rate Increases/New Rev. Bonds 0.00%3.50%3.50%3.50%3.50%3.50% 3 Alt 3 - Custom Rate Increases/New Rev. Bonds 0.00%8.00%8.00%6.00%4.00%4.00% 4 Alt 4 - Full CIP/No New Debt 0.00%12.00%12.00%12.00%8.00%6.00% CIP Funding Plan: 2 85% Funding of CIP, at actual cost & timing RATE REVENUE REQUIREMENTS SUMMARY 5-Year Projected Rate Period Prepared by NBS www.nbsgov.com | Toll-free: 800.676.7516 Financial Plan, Page 1 of 36 Agenda Item No. 9.1 Packet Page 91 of 199 CITY OF GILROY Financial Plan & Reserve Summary WATER RATE STUDY Financial Plan and Reserve Projections TABLE 2 :RESERVE FUND SUMMARY Budget FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Unrestricted Reserve: Total Beginning Cash1 29,603,445$ Operating Reserve Beginning Reserve Balance2 6,000,000$ 5,955,000$ 4,555,257$ 4,683,245$ 5,473,537$ 6,290,019$ Plus: Net Cash Flow (After Rate Increases)2,348,090 (1,399,743) 127,988 790,292 816,481 707,816 Less: Transfer out to Capital and Infrastructure Reserve (2,393,090) - - - - - Ending Operating Reserve Balance 5,955,000$ 4,555,257$ 4,683,245$ 5,473,537$ 6,290,019$ 6,997,835$ Target Ending Balance (6 Months of O&M)2 5,955,000$ 8,253,000$ 8,229,000$ 8,330,000$ 8,658,000$ 9,000,000$ Capital Rehabilitation & Replacement Reserve Beginning Reserve Balance 23,603,445$ 25,382,158$ 22,643,278$ 8,114,397$ 7,583,609$ 7,583,609$ Plus: Transfer of Operating Reserve Surplus 2,393,090 - - - - - Less: Use of Reserves for Capital Projects (614,378) (2,738,879) (14,528,882) (530,788) - (365,779) Ending Capital and Infrastructure Reserve Balance 25,382,158$ 22,643,278$ 8,114,397$ 7,583,609$ 7,583,609$ 7,217,830$ Target Ending Balance (50% of Avg. CIP Costs)3 4,140,000$ 4,140,000$ 4,140,000$ 4,140,000$ 4,140,000$ 4,140,000$ Ending Balance - Unrestricted Reserves 31,337,158$ 27,198,535$ 12,797,642$ 13,057,146$ 13,873,627$ 14,215,665$ Min. Target Ending Balance -Excl. Restricted Reserves 10,095,000$ 12,393,000$ 12,369,000$ 12,470,000$ 12,798,000$ 13,140,000$ Ending Surplus/(Deficit) Compared to Reserve Targets 21,242,158$ 14,805,535$ 428,642$ 587,146$ 1,075,627$ 1,075,665$ 1. Beginning cash balances provided by City staff for Fund 705 - Water Operations. Source file: Account Trial Balance FY22 - 430-435-700-705.pdf . 2. The target ending balance is set equal to 6 months of O&M expenses. 3. The target ending balance is set equal to 50% of average CIP costs for the 5-year rate adoption period. See Exhibit 2 (CIP) for details. TABLE 3 :RESERVE FUND SUMMARY, cont. Budget FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Restricted Reserve:1 Water Impact Fee Reserve (provided for informational purposes only) Beginning Reserve Balance 6,053,344$ 5,887,790$ 2,632,956$ 4,254,889$ 5,195,043$ 5,540,615$ Plus: Interest Earnings & Misc.99,508 107,507 109,421 47,557 48,451 49,368 Plus: Capacity Fee Revenue 319,569 478,204 1,512,512 892,597 297,121 363,752 Less: Use of Reserves for Capital Projects (584,631) (3,840,545) - - - - Ending Connection Fee Fund Balance 5,887,790$ 2,632,956$ 4,254,889$ 5,195,043$ 5,540,615$ 5,953,735$ Debt Reserve Beginning Reserve Balance -$ -$ -$ -$ -$ 453,067$ Plus: Reserve Funding from New Debt Obligations - - - - 453,067 453,067 Plus: Interest Earnings - - - - - 3,838 Ending Debt Reserve Balance -$ -$ -$ -$ 453,067$ 909,972$ Target Ending Balance -$ -$ -$ -$ 453,067$ 906,134$ Annual Interest Earnings Rate 2 0.85%0.85%0.85%0.85%0.85%0.85% 1. The beginning cash balances provided by the City. Source file: Account Trial Balance FY22 - 430-435-700-705.pdf . 2. Historical interest earning rates are per the average annual yields for funds invested in LAIF (2018-2022). The source is the California State Treasurer's website: https://www.treasurer.ca.gov/pmia-laif/historical/annual.asp . SUMMARY OF CASH ACTIVITY 5-Year Projected Rate Period SUMMARY OF CASH ACTIVITY 5-Year Projected Rate Period Prepared by NBS www.nbsgov.com | Toll-free: 800.676.7516 Financial Plan, Page 2 of 36 Agenda Item No. 9.1 Packet Page 92 of 199 CITY OF GILROY Charts & Tables WATER RATE STUDY Rate Adjustment Charts and Report Tables CHART 1 $.0 Mil. $5.0 Mil. $10.0 Mil. $15.0 Mil. $20.0 Mil. $25.0 Mil. $30.0 Mil. $35.0 Mil. 2023 2024 2025 2026 2027 2028Annual ObligationsFiscal Year Ending June 30 Water Revenue Requirements vs. Revenue Under Existing and Increased Rates Cash Funded Capital Expenses O&M Expenses Revenues under Existing Rates Revenues under Increased Rates Prepared by NBS www.nbsgov.com | Toll-free: 800.676.7516 Charts and Tables, 3 of 36 Agenda Item No. 9.1 Packet Page 93 of 199 CITY OF GILROY Charts & Tables WATER RATE STUDY Rate Adjustment Charts and Report Tables CHART 2 $.0 Mil. $5.0 Mil. $10.0 Mil. $15.0 Mil. $20.0 Mil. $25.0 Mil. $30.0 Mil. $35.0 Mil. 2023 2024 2025 2026 2027 2028 Fiscal Year Ending June 30 Ending Unrestricted Reserve vs. Minimum Reserve Targets Ending Cash Balance (Unrestricted Reserves) Minimum Target Reserve Balance Prepared by NBS www.nbsgov.com | Toll-free: 800.676.7516 Charts and Tables, 4 of 36 Agenda Item No. 9.1 Packet Page 94 of 199 CITY OF GILROY Exhibit 1 WATER RATE STUDY Operating Revenue and Expenses TABLE 4 :REVENUE FORECAST1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Rate Revenue 705 8000 705 -80-8000-000-45120 User Fees 1 13,665,000$ 13,939,000$ 14,218,000$ 14,431,270$ 14,647,739$ 14,867,455$ Other Revenue 705 8000 705 -80-8000-000-45140 Connect/Install Charges 1 105,000 110,000 112,000 113,680 115,385 117,116 705 8000 705 -80-8000-000-45145 Overhead Revenue 1 - - - - - - 705 8000 705 -80-8000-000-46110 Bank Interest See FP 483,737 494,621 504,514 - - - 705 8000 705 -80-8000-000-47810 Miscellaneous Revenues 1 5,000 5,000 5,000 5,075 5,151 5,228 Subtotal - Other Revenue 593,737 609,621 621,514 118,755 120,536 122,344 Water Impact Fee Revenue 435 5500 435 -55-5500-000-45150 Developer's Impact Fee 1 319,569 478,204 1,512,512 892,597 297,121 363,752 435 5500 435 -55-5500-000-46110 Bank Interest 1 93,615 95,721 97,635 35,771 36,665 37,582 435 5500 435 -55-5500-000-48110 Interfund Transfer In 7 5,893 11,786 11,786 11,786 11,786 11,786 TOTAL: REVENUE 14,677,814$ 15,134,332$ 16,461,447$ 15,490,179$ 15,113,847$ 15,402,920$ DIVISION Basis 5-Year Projected Rate PeriodFUNDACCOUNTDESCRIPTION Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 1 (O&M), 5 of 36 Agenda Item No. 9.1 Packet Page 95 of 199 CITY OF GILROY Exhibit 1 WATER RATE STUDY Operating Revenue and Expenses TABLE 5 :OPERATING EXPENSE FORECAST1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Fund 705 - Water Operations 8000 - Water Administration 705 8000 705 -80-8000-000-50120 Wages/Part Time 3 43,597$ 125,000$ 125,000$ 129,375$ 133,903$ 138,590$ 705 8000 705 -80-8000-000-50215 Retirement (Part Time) 3 632 2,813 2,813 2,911 3,013 3,119 705 8000 705 -80-8000-000-50220 Medicare 3 705 1,813 1,813 1,876 1,942 2,010 705 8000 705 -80-8000-000-51510 Professional Support 3 - 26,000 26,000 26,910 27,852 28,827 705 8000 705 -80-8000-000-51620 Audit Services 2 8,700 - - - - - 705 8000 705 -80-8000-000-51630 Contractual Services 2 - 6,500 6,400 705 8000 706 -80-8000-000-54110 Interfund Transfer Out 2 13,796 705 8000 705 -80-8000-000-54130 Fleet Service Charge 2 75,931 98,943 100,692 103,779 106,961 110,241 705 8000 705 -80-8000-000-54140 Facility Service Charge 2 124,543 294,076 316,145 325,838 335,829 346,126 705 8000 705 -80-8000-000-54145 Info Tech Service Charge 2 454,960 606,926 558,596 575,723 593,376 611,570 705 8000 705 -80-8000-000-54150 Overhead Charges 2 1,558,875 1,779,498 1,854,574 1,911,438 1,970,045 2,030,450 705 8000 705 -80-8000-000-54155 Liability Insurance Charges 2 401,933 430,902 452,735 466,617 480,924 495,669 705 8000 705 -80-8000-000-57145 Water Conservation 2 60,504 72,500 72,500 74,723 77,014 79,375 705 8000 705 -80-8000-000-58130 Claims 2 15,000 15,750 16,550 17,057 17,580 18,119 Subtotal - Water Administration 2,759,176$ 3,460,721$ 3,533,818$ 3,636,249$ 3,748,440$ 3,864,096$ 8010 - Finance Water Utility Billing 705 8010 705 -80-8010-000-50110 Salaries 3 455,813$ 580,139$ 620,284$ 641,994$ 664,464$ 687,720$ 705 8010 705-80-8020-000-50110 Utility Billing Sup/Sen. Acct.3 - - - - - - 705 8010 705 -80-8010-000-50114 Earned Leave Cashout 3 5,519 - - - - - 705 8010 705 -80-8010-000-50120 Wages/Part Time 3 23,048 33,750 21,788 22,551 23,340 24,157 705 8010 705 -80-8010-000-50130 Overtime 3 14,000 10,000 10,000 705 8010 705 -80-8010-000-50150 Overtime Meals 3 30 - - 705 8010 705 -80-8010-000-50205 Workers Comp 3 2,023 2,411 2,521 2,610 2,701 2,796 705 8010 705 -80-8010-000-50210 Retirement (Full Time)3 48,749 69,133 71,870 74,385 76,989 79,683 705 8010 705 -80-8010-000-50212 Deferred Compensation 3 1,176 2,016 2,016 2,087 2,160 2,235 705 8010 705 -80-8010-000-50213 UAL Retirement 3 82,911 88,913 95,465 98,806 102,264 105,843 705 8010 705 -80-8010-000-50215 Retirement (Part Time)3 18 759 490 507 525 544 705 8010 705 -80-8010-000-50220 Medicare 3 7,467 9,053 9,466 9,797 10,140 10,495 705 8010 705 -80-8010-000-50225 Health Insurance Benefits 3 105,332 113,442 113,594 117,570 121,685 125,944 705 8010 705 -80-8010-000-50230 Life Insurance Benefits 3 778 757 779 806 834 863 705 8010 705 -80-8010-000-50235 Employee Assistance Prog 3 935 1,087 1,109 1,148 1,188 1,230 705 8010 705 -80-8010-000-50240 Unemployment Insurance 3 805 912 959 992 1,027 1,063 705 8010 705 -80-8010-000-50255 Misc Disability Insurance 3 984 1,260 1,260 1,304 1,350 1,397 705 8010 705 -80-8010-000-50260 Retiree Medical 3 - 900 900 705 8010 705 -80-8010-000-51110 Employee Training 2 - 3,400 3,400 705 8010 705 -80-8010-000-51120 Employee Travel, Food,Lodge 2 669 1,250 1,250 705 8010 705 -80-8010-000-51430 Postage 2 50 100 100 705 8010 705 -80-8010-000-50510 Professional Support 2 2,200 - - 705 8010 705 -80-8010-000-51630 Contractual Services 2 119,000 126,025 117,825 121,438 125,161 128,999 705 8010 705 -80-8010-000-52110 Office/Computer Supplies 2 2,000 2,000 2,000 Subtotal - Finance Water Utility Billing 873,507$ 1,047,309$ 1,077,076$ 1,095,995$ 1,133,828$ 1,172,968$ DIVISION 5-Year Projected Rate Period BasisACCOUNTFUNDDESCRIPTION Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 1 (O&M), 6 of 36 Agenda Item No. 9.1 Packet Page 96 of 199 CITY OF GILROY Exhibit 1 WATER RATE STUDY Operating Revenue and Expenses TABLE 6 :OPERATING EXPENSE FORECAST, cont.1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Fund 705 - Water Operations 8020 - Water Operations 705 8020 705 -80-8020-000-50110 Salaries 3 1,463,012$ 2,269,298$ 2,432,834$ 2,517,983$ 2,606,113$ 2,697,327$ 705 8020 705-80-8020-000-50110 FT Engineer I/II (Water)3 - - - - - - 705 8020 705 -80-8020-000-50110 Employee Training 3 - 25,000 25,000 25,875 26,781 27,718 705 8020 705 -80-8020-000-50120 Employee Travel, Food, Lodging 3 - 5,000 5,000 5,175 5,356 5,544 705 8020 705 -80-8020-000-50114 Earned Leave Cashout 3 9,000 - - - - - 705 8020 705 -80-8020-000-50120 Wages/Part Time 3 37,812 - - - - - 705 8020 705 -80-8020-000-50130 Overtime 3 63,051 73,710 77,395 80,104 82,907 85,809 705 8020 705 -80-8020-000-50150 Overtime Meals 3 - 2,000 2,000 2,070 2,142 2,217 705 8020 705 -80-8020-000-50205 Workers Comp 3 77,758 101,497 106,072 109,785 113,627 117,604 705 8020 705 -80-8020-000-50210 Retirement (Full Time)3 152,220 271,399 282,934 292,837 303,086 313,694 705 8020 705 -80-8020-000-50212 Deferred Compensation 3 3,772 7,326 7,326 7,582 7,848 8,122 705 8020 705 -80-8020-000-50213 UAL Retirement 3 293,133 353,639 383,140 396,550 410,429 424,794 705 8020 705 -80-8020-000-50215 Retirement (Part Time)3 521 - - - - - 705 8020 705 -80-8020-000-50220 Medicare 3 24,353 33,996 36,422 37,697 39,016 40,382 705 8020 705 -80-8020-000-50225 Health Insurance Benefits 3 313,426 460,498 461,940 478,108 494,842 512,161 705 8020 705 -80-8020-000-50230 Life Insurance Benefits 3 2,448 3,144 3,243 3,356 3,474 3,595 705 8020 705 -80-8020-000-50235 Employee Assistance Prog 3 2,911 4,262 4,347 4,499 4,657 4,820 705 8020 705 -80-8020-000-50240 Unemployment Insurance 3 2,794 3,620 3,816 3,950 4,088 4,231 705 8020 705 -80-8020-000-50255 Misc Disability Insurance 3 2,999 4,964 4,964 5,138 5,318 5,504 705 8020 705 -80-8020-000-50260 Retiree Medical 3 2,400 2,400 - - - - 705 8020 705 -80-8020-000-50310 Apparel, Boots, Ppe 2 22,291 30,000 30,000 30,920 31,868 32,845 705 8020 705 -80-8020-000-51410 Utilities 5 921,543 1,013,698 1,064,382 1,120,163 1,178,868 1,240,648 705 8020 705 -80-8020-000-51420 Telecommunications 2 50,000 8,100 8,100 8,348 8,604 8,868 705 8020 705 -80-8020-000-51510 Professional Support 2 2,153 5,000 5,000 5,153 5,311 5,474 705 8020 705 -80-8020-000-51630 Contractual Services 2 376,939 1,128,400 450,000 463,798 478,018 492,675 705 8020 705 -80-8020-000-52110 Office/Computer Supplies 2 4,026 15,000 15,000 15,460 15,934 16,423 705 8020 705 -80-8020-000-52150 Department Supplies 2 51,494 60,000 60,000 61,840 63,736 65,690 705 8020 705 -80-8020-000-52210 Repairs & Maintenance 2 147,625 250,000 250,000 257,665 265,566 273,708 705 8020 705 -80-8020-000-52220 Well System Maintenance 2 27,642 150,000 150,000 154,599 159,339 164,225 705 8020 705 -80-8020-000-52310 Equipment Rental 2 33 10,000 10,000 10,307 10,623 10,948 705 8020 705 -80-8020-000-52710 Permits 2 1,973 10,000 10,000 10,307 10,623 10,948 705 8020 705 -80-8020-000-53120 Equipment/Furniture 2 84,337 75,000 75,000 77,300 79,670 82,113 705 8020 705 -80-8020-000-53135 Improvements 2 365,770 - - - - - 705 8020 705 -80-8020-000-53142 Capital Improvement Plan See Exh 2 - - - - - - 705 8020 705 -80-8020-000-54110 Interfund Transfer Out 2 342,000 433,788 458,181 472,229 486,709 501,632 705 8020 705 -80-8020-000-57150 Valley Water 6 3,293,972 4,641,000 4,873,050 5,116,703 5,372,538 5,641,165 Subtotal - Water Operations 8,143,407$ 11,451,740$ 11,295,146$ 11,775,500$ 12,277,089$ 12,800,885$ DIVISION 5-Year Projected Rate PeriodFUNDACCOUNTDESCRIPTIONBasis Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 1 (O&M), 7 of 36 Agenda Item No. 9.1 Packet Page 97 of 199 CITY OF GILROY Exhibit 1 WATER RATE STUDY Operating Revenue and Expenses TABLE 7 :OPERATING EXPENSE FORECAST, cont.1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Fund 705 - Water Operations 8030 - Water Backflow Prevention 705 8030 705 -80-8030-000-50110 Salaries 3 79,465$ 74,991$ 79,074$ 81,842$ 84,706$ 87,671$ 705 8030 705 -80-8030-000-50130 Earned Leave Cashout 3 - - - - - - 705 8030 705 -80-8030-000-50205 Wages/Part Time 3 - - - - - - 705 8030 705 -80-8030-000-50210 Overtime 3 6,460 7,500 7,500 7,763 8,034 8,315 705 8030 705 -80-8030-000-50212 Overtime Meals 3 - - - - - - 705 8030 705 -80-8030-000-50213 Compensated Absences 3 - - - - - - 705 8030 705 -80-8030-000-50220 Workers Comp 3 5,789 4,450 4,590 4,751 4,917 5,089 705 8030 705 -80-8030-000-50225 Retirement (Full Time)3 8,537 9,005 9,233 9,556 9,891 10,237 705 8030 705 -80-8030-000-50230 Deferred Compensation 3 249 - - - - - 705 8030 705 -80-8030-000-50235 Ual Retirement 3 16,763 11,703 12,455 12,891 13,342 13,809 705 8030 705 -80-8030-000-50240 Retirement (Part Time)3 - - - - - - 705 8030 705 -80-8030-000-50255 Medicare 3 1,340 1,197 1,256 1,300 1,345 1,393 705 8030 705 -80-8030-000-51430 Health Insurance Benefits 3 14,085 12,312 12,312 12,743 13,189 13,651 705 8030 705 -80-8030-000-51510 Life Insurance Benefits 3 104 90 92 95 99 102 705 8030 705 -80-8030-000-51630 Employee Assistance Prog 3 137 116 119 123 127 132 705 8030 705 -80-8030-000-52110 Unemployment Insurance 3 157 117 122 126 131 135 705 8030 705 -80-8030-000-50255 Misc Disability Insurance 3 141 123 123 127 132 136 705 8030 705 -80-8030-000-51110 Employee Training 3 - 1,000 1,000 1,035 1,071 1,109 705 8030 705 -80-8030-000-51120 Employee Travel, Food,Lodge 3 - 1,000 1,000 1,035 1,071 1,109 705 8030 705 -80-8030-000-51430 Postage 3 - 100 - - - - 705 8030 705 -80-8030-000-51510 Professional Support 3 1,331 1,000 1,000 1,035 1,071 1,109 705 8030 705 -80-8030-000-51630 Contractual Services 3 - 6,000 6,000 6,210 6,427 6,652 705 8030 705 -80-8030-000-52110 Office/Computer Supplies 3 - 1,000 1,000 1,035 1,071 1,109 705 8030 705 -80-8030-000-52210 Repairs & Maintenance 3 - 10,000 10,000 10,350 10,712 11,087 Subtotal - Water Backflow Prevention 134,558$ 141,704$ 146,876$ 152,017$ 157,337$ 162,844$ DIVISION ACCOUNT DESCRIPTION Basis 5-Year Projected Rate PeriodFUND Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 1 (O&M), 8 of 36 Agenda Item No. 9.1 Packet Page 98 of 199 CITY OF GILROY Exhibit 1 WATER RATE STUDY Operating Revenue and Expenses TABLE 8 :OPERATING EXPENSE FORECAST, cont.1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Fund 705 - Water Operations Additional Capital Expenditures 705 8020 705-80-8020-000-53120 One-time Vehicles One-Time - 404,450 404,450 - - - Subtotal - Additional Expenditures -$ 404,450$ 404,450$ -$ -$ -$ TOTAL: WATER OPERATIONS EXPENSES 11,910,647$ 16,505,924$ 16,457,366$ 16,659,760$ 17,316,694$ 18,000,793$ TABLE 9 :FORECASTING ASSUMPTIONS Basis 2023 2024 2025 2026 2027 2028 Customer Growth3 1 --1.50%1.50%1.50%1.50%1.50% General Cost Inflation4 2 --3.07%3.07%3.07%3.07%3.07% Labor Cost Inflation5 3 --3.50%3.50%3.50%3.50%3.50% Electricty6 4 --5.64%5.64%5.64%5.64%5.64% Fuel & Utilities7 5 --5.24%5.24%5.24%5.24%5.24% Water Purchases8 6 --5.00%5.00%5.00%5.00%5.00% No Escalation 7 --0.00%0.00%0.00%0.00%0.00% 1. Revenue and expenses for FY 2022/23 provided by the City. Revenues and expenses for all other years are escalated based on the forecasting assumptions in Table 9. Source file: FY23 Budgets.xlsx . 2. Expenses are inflated each year by the following annual inflation factor categories. 3. Customer growth is based on estimated service area population growth through FY 2044/45. Source file: Gilroy 2020 UWMP.pdf , page 3-9. 4. General cost inflation is based on the 5-year average annual change in the Consumer Price Index for all Urban Consumers in the San Francisco-Oakland-Hayward, CA area. 5. Labor cost inflation is based on the 5-year average annual change in the Quarterly Census of Employment and Wages for San Francisco County, CA. 6. Electricity cost inflation is based on the 5-year average change in the Consumer Price Index for San Francisco County. 7. Fuel & Utilities cost inflation is based on the 5-year average annual change in the Consumer Price Index - Average Price Data for Fuels and related products and power. This factor is used for utility costs other than electricity. 8. The growth for water purchases is estimated at 4% annually and calculated using the City's budgets for FY 2021/22 and FY 2022/23. Source file: FY23 Budgets.xlsx . 5-Year Projected Rate PeriodFUNDDIVISIONACCOUNTDESCRIPTIONBasis INFLATION FACTORS2 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 1 (O&M), 9 of 36 Agenda Item No. 9.1 Packet Page 99 of 199 CITY OF GILROY Exhibit 2 WATER RATE STUDY Capital Improvement Plan Expenditures TABLE 10 :CAPITAL FUNDING SUMMARY CAPITAL FUNDING FORECAST Budget FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Grants -$ -$ -$ -$ -$ -$ Use of Capacity Fee Reserves 584,631 3,840,545 - - - - SRF Loan Funding - - - - - - Use of New Revenue Bond Proceeds - - - 6,000,000 6,000,000 4,000,000 Use of Capital Rehabilitation and Replacement Reserve 614,378 2,738,879 14,528,882 530,788 - 365,779 Rate Revenue - - - - - - Total Sources of Capital Funds 1,199,009$ 6,579,425$ 14,528,882$ 6,530,788$ 6,000,000$ 4,365,779$ Uses of Capital Funds: Total Project Costs 1,199,009$ 6,579,425$ 14,528,882$ 6,530,788$ 3,199,919$ 4,365,779$ Capital Funding Surplus (Deficiency)-$ -$ -$ -$ 2,800,082$ -$ SRF Loan Funding -$ -$ -$ -$ -$ -$ New Revenue Bond Proceeds -$ -$ -$ 6,000,000$ 6,000,000$ 4,000,000$ Financial Plan Scenario: 3 Alt 3 - Custom Rate Increases/New Rev. Bonds CAPITAL IMPROVEMENT PROGRAM FUNDING OPTIONS 2 Policy Choice 2023 2024 2025 2026 2027 2028 1 Full Funding of CIP, at actual cost & timing 1,410,599$ 7,740,500$ 17,092,802$ 7,683,280$ 3,764,610$ 5,136,210$ 2 85% Funding of CIP, at actual cost & timing 1,199,009$ 6,579,425$ 14,528,882$ 6,530,788$ 3,199,919$ 4,365,779$ 3 60% Funding of CIP, at actual cost & timing 846,359$ 4,644,300$ 10,255,681$ 4,609,968$ 2,258,766$ 3,081,726$ Capital Improvement Program Funding Choice 2023 2024 2025 2026 2027 2028 Effective Annual Funding Amount 1,199,009$ 6,579,425$ 14,528,882$ 6,530,788$ 3,199,919$ 4,365,779$ 5-Year Projected Rate Period Insert policy choice in box to right, based on options listed below: Funding Sources: Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 2 (CIP), 10 of 36 Agenda Item No. 9.1 Packet Page 100 of 199 CITY OF GILROY Exhibit 2 WATER RATE STUDY Capital Improvement Plan Expenditures CAPITAL IMPROVEMENT PROGRAM TABLE 11 :CAPITAL IMPROVEMENT PROGRAM COSTS (in Current-Year Dollars ) Project No.Description 2023 2024 2025 2026 2 2027 2028 Capital Improvement Program - Fiscal Year 2023 to Fiscal Year 2028 800250 Casey and Swanston Water Line Replacement -$ 466,707$ 2,825,800$ -$ -$ -$ 800310 Automated Flexnet Water Meter Installation 794,200 612,700 612,700 - - - 800590 Broadway and Sargent Water Line Replacement - - 185,295 877,600 - - 800600 Church and Gurries Water Line Replacement - 86,966 314,600 - - - 800610 Church Street - Welburn to First Water Line Replacement - - 250,335 1,173,400 - - 800620 Forest and Eighth Water Line Replacement - 89,974 369,200 - - - 800630 Steel Water Service Line Replacement Citywide - 104,280 104,280 104,280 104,280 104,280 900740 Monterey-Leavesley to Ronan Water Line Replacement - - 821,473 4,651,900 - - 800640 Monterey and Eighth Water Line Replacement - - 101,325 406,700 - - 800650 Abandon 2" Water Line from 7041 to 7161 Monterey Street - 108,900 847,000 - - - 800660 Murray at Burke Water Line Reroute - - 133,794 469,400 - - 800670 Saint Louise Hospital Large Water Meter Replacement - 63,200 - - - - 800690 Water Reservoirs A and B - Painting - 483,200 - - - - 800700 Water Reservoirs A and B - Retrofit Overflow Piping - 482,000 - - - - 800710 Water Well Nos. 1 and 4 Compliance Improvements - 82,600 - - - - 800720 Water Well Nos. 1, 2, 4 and 6 Upgrade Improvements - 1,025,200 10,527,000 - - - 9000730 Martin and Railroad Water Line - - - - - 1,371,600 Subtotal - Capital Improvement Program 794,200$ 3,605,727$ 17,092,802$ 7,683,280$ 104,280$ 1,475,880$ Water System Master Plan Projects 3 Pipeline Improvements P1-1 Zone 1 -$ -$ -$ -$ 163,250$ 163,250$ P1-2 Monterey Hwy / Orsetti Rd / Hwy 101 - - - - 244,430 244,430 P1-3 Monterey Hwy - - - - 11,690 11,690 P1-4 Murray Ave - - - - 111,650 111,650 P1-5 Arroyo Cir - - - - 3,580 3,580 P1-6 Lewis St - - - - 8,120 8,120 P1-7 Forest St - - - - 13,550 13,550 P1-8 Gilman Rd / Camino Arroyo - - - - 15,240 15,240 P1-9 Pacheco Pass Hwy - - - - 87,810 87,810 P1-10 Camino Arroyo - - - - 154,290 154,290 P1-11 Cameron Blvd - - - - 106,580 106,580 P1-12 ROW - - - - 82,230 82,230 P1-13 ROW / Cameron Blvd - - - - 230,400 230,400 P1-14 Luchessa Ave - - - - 328,850 328,850 P1-15 Thomas Rd - - - - 155,300 155,300 P1-16 Rossi Ln - - - - 138,560 138,560 P1-17 ROW - - - - 91,860 91,860 P1-18 ROW - - - - 146,670 146,670 P1-19 Garlic Farm Wy / Southside Dr - - - - 234,970 234,970 P1-20 Southside Dr - - - - 33,510 33,510 P1-21 Southside Dr - - - - 152,770 152,770 P1-22 Santa Teresa Blvd - - - - 14,230 14,230 Storage Reservoir Improvements 3H-1 Construct an additional storage at existing 3D site - - - - 20,790 20,790 Groundwater Well Improvements GW-10 Intersection of San Ysidro Ave and Las Animas Ave - - - - 370,000 370,000 GW-11 Intersection of Camino Arroyo and Renz Lane - - - - 370,000 370,000 GW-12 Intersection of Wren Ave and Vickery Lane - - - - 370,000 370,000 Subtotal - Master Plan Projects -$ -$ -$ -$ 3,660,330$ 3,660,330$ Impact Fee Projects 4 800050 McCarthy Site Well (Well #9)562,145$ 3,550,800$ -$ -$ -$ -$ Subtotal - Impact Fee Projects 562,145$ 3,550,800$ -$ -$ -$ -$ Estimated Future Projects Future Projects5 -$ -$ -$ -$ -$ -$ Total: CIP Program Costs (Current-Year Dollars)1,356,345$ 7,156,527$ 17,092,802$ 7,683,280$ 3,764,610$ 5,136,210$ Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 2 (CIP), 11 of 36 Agenda Item No. 9.1 Packet Page 101 of 199 CITY OF GILROY Exhibit 2 WATER RATE STUDY Capital Improvement Plan Expenditures TABLE 12 :CAPITAL IMPROVEMENT PROGRAM COSTS (in Future-Year Dollars )6 Project No.Description 2023 2024 2025 2026 2 2027 2028 Capital Improvement Program - Fiscal Year 2023 to Fiscal Year 2028 800250 Casey and Swanston Water Line Replacement -$ 504,790$ 2,825,800$ -$ -$ -$ 800310 Automated Flexnet Water Meter Installation 825,968 662,696 612,700 - - - 800590 Broadway and Sargent Water Line Replacement - - 185,295 877,600 - - 800600 Church and Gurries Water Line Replacement - 94,062 314,600 - - - 800610 Church Street - Welburn to First Water Line Replacement - - 250,335 1,173,400 - - 800620 Forest and Eighth Water Line Replacement - 97,316 369,200 - - - 800630 Steel Water Service Line Replacement Citywide - 112,789 104,280 104,280 104,280 104,280 900740 Monterey-Leavesley to Ronan Water Line Replacement - - 821,473 4,651,900 - - 800640 Monterey and Eighth Water Line Replacement - - 101,325 406,700 - - 800650 Abandon 2" Water Line from 7041 to 7161 Monterey Street - 117,786 847,000 - - - 800660 Murray at Burke Water Line Reroute - - 133,794 469,400 - - 800670 Saint Louise Hospital Large Water Meter Replacement - 68,357 - - - - 800690 Water Reservoirs A and B - Painting - 522,629 - - - - 800700 Water Reservoirs A and B - Retrofit Overflow Piping - 521,331 - - - - 800710 Water Well Nos. 1 and 4 Compliance Improvements - 89,340 - - - - 800720 Water Well Nos. 1, 2, 4 and 6 Upgrade Improvements - 1,108,856 10,527,000 - - - 9000730 Martin and Railroad Water Line - - - - - 1,371,600 Subtotal - Capital Improvement Program 825,968$ 3,899,954$ 17,092,802$ 7,683,280$ 104,280$ 1,475,880$ Water System Master Plan Projects 3 Pipeline Improvements P1-1 Zone 1 -$ -$ -$ -$ 163,250$ 163,250$ P1-2 Monterey Hwy / Orsetti Rd / Hwy 101 - - - - 244,430 244,430 P1-3 Monterey Hwy - - - - 11,690 11,690 P1-4 Murray Ave - - - - 111,650 111,650 P1-5 Arroyo Cir - - - - 3,580 3,580 P1-6 Lewis St - - - - 8,120 8,120 P1-7 Forest St - - - - 13,550 13,550 P1-8 Gilman Rd / Camino Arroyo - - - - 15,240 15,240 P1-9 Pacheco Pass Hwy - - - - 87,810 87,810 P1-10 Camino Arroyo - - - - 154,290 154,290 P1-11 Cameron Blvd - - - - 106,580 106,580 P1-12 ROW - - - - 82,230 82,230 P1-13 ROW / Cameron Blvd - - - - 230,400 230,400 P1-14 Luchessa Ave - - - - 328,850 328,850 P1-15 Thomas Rd - - - - 155,300 155,300 P1-16 Rossi Ln - - - - 138,560 138,560 P1-17 ROW - - - - 91,860 91,860 P1-18 ROW - - - - 146,670 146,670 P1-19 Garlic Farm Wy / Southside Dr - - - - 234,970 234,970 P1-20 Southside Dr - - - - 33,510 33,510 P1-21 Southside Dr - - - - 152,770 152,770 P1-22 Santa Teresa Blvd - - - - 14,230 14,230 Storage Reservoir Improvements - - - - 3H-1 Construct an additional storage at existing 3D site - - - - 20,790 20,790 Groundwater Well Improvements - - - - GW-10 Intersection of San Ysidro Ave and Las Animas Ave - - - - 370,000 370,000 GW-11 Intersection of Camino Arroyo and Renz Lane - - - - 370,000 370,000 GW-12 Intersection of Wren Ave and Vickery Lane - - - - 370,000 370,000 Subtotal - Master Plan Projects -$ -$ -$ -$ 3,660,330$ 3,660,330$ Impact Fee Projects 4 800050 McCarthy Site Well (Well #9)584,631$ 3,840,545$ -$ -$ -$ -$ Subtotal - Impact Fee Projects 584,631$ 3,840,545$ -$ -$ -$ -$ Estimated Future Projects Future Projects5 -$ -$ -$ -$ -$ -$ Total: CIP Program Costs (Future-Year Dollars)1,410,599$ 7,740,500$ 17,092,802$ 7,683,280$ 3,764,610$ 5,136,210$ Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 2 (CIP), 12 of 36 Agenda Item No. 9.1 Packet Page 102 of 199 CITY OF GILROY Exhibit 2 WATER RATE STUDY Capital Improvement Plan Expenditures TABLE 13 :FORECASTING ASSUMPTIONS Project No.Description 2023 2024 2025 2026 2 2027 2028 Annual Construction Cost Inflation, Per Engineering News Record7 4.00%4.00%4.00%4.00%4.00%4.00% Cumulative Construction Cost Multiplier from 2023 1.04 1.08 1.12 1.17 1.22 1.27 1. Capital project costs provided by City Staff. Source file: 11. Adopted-CIP-FY24-28.pdf , pages 43, 80-107. 2. Capital projects beginning in FY 2025/26 are unfunded and identified in the City's Capital Improvement Program. These costs have been allocated over a 5-year period from FY 2025/26 through FY 2029/30. Source: 11. Adopted-CIP-FY21-FY25.pdf , pages 243-246. 3. Capital project costs are from the City's Draft Water System Master Plan (May 2022). Source file: Draft Water Master Plan.pdf , Table 8.2, pages 107-108. 4. Capital project funded by impact fees. Source file: 11. Adopted-CIP-FY21-FY25.pdf , pages 98-99. 5. Future project costs beyond FY 2029/30 were calculated based on the City's 7-year average. 6. The project costs in future-year dollars have been inflated by 4% annually. 7. For reference purposes, the annual Construction Cost Inflation percentage is the 5-year average change in the Construction Cost Index for September 2017-2022 (4.0%). Source: Engineering News Record website (http://enr.construction.com ). Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 2 (CIP), 13 of 36 Agenda Item No. 9.1 Packet Page 103 of 199 CITY OF GILROY Exhibit 3 WATER RATE STUDY Debt Service *Currently, the City does not have any outstanding revenue bonds or loans. TABLE 14 :EXISTING DEBT OBLIGATIONS EXISTING DEBT OBLIGATIONS Budget Annual Repayment Schedules:FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 SRF Loan/Revenue Bond Principal Payment -$ -$ -$ -$ -$ -$ Interest Payment - - - - - - Subtotal: Annual Debt Service -$ -$ -$ -$ -$ -$ Coverage Requirement ($-Amnt above annual payment)-$ -$ -$ -$ -$ -$ Reserve Requirement -$ -$ -$ -$ -$ -$ Grand Total: Existing Annual Debt Service -$ -$ -$ -$ -$ -$ Grand Total: Existing Annual Coverage Requirement -$ -$ -$ -$ -$ -$ Grand Total: Existing Debt Reserve Target -$ -$ -$ -$ -$ -$ TABLE 15 :EXISTING ANNUAL DEBT OBLIGATIONS TO BE SATISFIED BY WATER RATES Existing Annual Debt Service -$ -$ -$ -$ -$ -$ Existing Annual Coverage Requirement -$ -$ -$ -$ -$ -$ Existing Debt Reserve Target -$ -$ -$ -$ -$ -$ 5-Year Projected Rate Period Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 3 (Debt), 14 of 36 Agenda Item No. 9.1 Packet Page 104 of 199 CITY OF GILROY Exhibit 4 WATER RATE STUDY Projected Water Rates Under Existing Rate Schedule TABLE 16 : CURRENT WATER RATE SCHEDULE Current Rates July 1, 2019 Base Charges Meter Size 3/4 inch $11.53 1 inch $19.24 1 1/2 inch $38.47 2 inch $61.55 3 inch $115.39 4 inch $192.30 6 inch $384.62 8 inch $615.37 10 inch $884.50 Volumetric Charge for All Water Consumed (in $/1,000 Gallons) Tier 1 - 1-30,000 Gallons Zone 1 $4.39 Zone 2 $4.93 Zone 3 $5.52 Tier 2 -30,000+ Gallons Zone 1 $4.93 Zone 2 $5.47 Zone 3 $6.06 1. Rates available on the City website. Source: https://www.cityofgilroy.org/758/Water-and-Wastewater-Rates . 2. Senior citizens who qualify for PG&E's Care Program may apply for a senior low income discount that gives them an exemption for the monthly base charge and the first 5,000 gallons per month. Water Rate Schedule1,2 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 4 (Current Rates), 15 of 36 Agenda Item No. 9.1 Packet Page 105 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 17 :CLASSIFICATION OF EXPENSES FOR COST OF SERVICE ANALYSIS Classification of Expenses FY 2023/24 (COM)(CAP)(CA)(COM)(CAP)(CA) Fund 705 - Water Operations 8000 - Water Administration Wages/Part Time 125,000$ 31,250$ 31,250$ 62,500$ 25.0%25.0%50.0% Retirement (Part Time) 2,813 703 703 1,407 25.0%25.0%50.0% Medicare 1,813 453 453 907 25.0%25.0%50.0% Professional Support 26,000 6,500 6,500 13,000 25.0%25.0%50.0% Audit Services - - - - 25.0%25.0%50.0% Contractual Services 6,500 1,625 1,625 3,250 25.0%25.0%50.0% Fleet Service Charge 98,943 24,736 24,736 49,472 25.0%25.0%50.0% Facility Service Charge 294,076 73,519 73,519 147,038 25.0%25.0%50.0% Info Tech Service Charge 606,926 151,732 151,732 303,463 25.0%25.0%50.0% Overhead Charges 1,779,498 444,875 444,875 889,749 25.0%25.0%50.0% Liability Insurance Charges 430,902 107,726 107,726 215,451 25.0%25.0%50.0% Water Conservation 72,500 18,125 18,125 36,250 25.0%25.0%50.0% Claims 15,750 3,938 3,938 7,875 25.0%25.0%50.0% Subtotal - Water Administration 3,460,721$ 865,180$ 865,180$ 1,730,361$ 25.0%25.0%50.0% 8010 - Finance Water Utility Billing Salaries 580,139$ 232,056$ 290,070$ 58,014$ 40.0%50.0%10.0% Utility Billing Sup/Sen. Acct.- - - - 40.0%50.0%10.0% Earned Leave Cashout - - - - 40.0%50.0%10.0% Wages/Part Time 33,750 13,500 16,875 3,375 40.0%50.0%10.0% Overtime 10,000 4,000 5,000 1,000 40.0%50.0%10.0% Overtime Meals - - - - 40.0%50.0%10.0% Workers Comp 2,411 964 1,206 241 40.0%50.0%10.0% Retirement (Full Time)69,133 27,653 34,566 6,913 40.0%50.0%10.0% Deferred Compensation 2,016 806 1,008 202 40.0%50.0%10.0% Ual Retirement 88,913 35,565 44,456 8,891 40.0%50.0%10.0% Retirement (Part Time)759 304 380 76 40.0%50.0%10.0% Medicare 9,053 3,621 4,527 905 40.0%50.0%10.0% Health Insurance Benefits 113,442 45,377 56,721 11,344 40.0%50.0%10.0% Life Insurance Benefits 757 303 379 76 40.0%50.0%10.0% Employee Assistance Prog 1,087 435 544 109 40.0%50.0%10.0% Unemployment Insurance 912 365 456 91 40.0%50.0%10.0% Misc Disability Insurance 1,260 504 630 126 40.0%50.0%10.0% Retiree Medical 900 360 450 90 40.0%50.0%10.0% Employee Training 3,400 1,360 1,700 340 40.0%50.0%10.0% Employee Travel, Food,Lodge 1,250 500 625 125 40.0%50.0%10.0% Postage 100 40 50 10 40.0%50.0%10.0% Professional Support - - - - 40.0%50.0%10.0% Contractual Services 126,025 50,410 63,013 12,603 40.0%50.0%10.0% Office/Computer Supplies 2,000 800 1,000 200 40.0%50.0%10.0% Subtotal - Finance Water Utility Billing 1,047,309$ 418,923$ 523,654$ 104,731$ 40.0%50.0%10.0% Budget Categories Total Revenue Requirements Commodity Capacity Basis of ClassificationCustomer Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Funct. & Classification, 16 of 36 Agenda Item No. 9.1 Packet Page 106 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 18 :CLASSIFICATION OF EXPENSES FOR COST OF SERVICE ANALYSIS, cont. Classification of Expenses FY 2023/24 (COM)(CAP)(CA)(COM)(CAP)(CA) Fund 705 - Water Operations 8020 - Water Operations Salaries 2,269,298$ 1,021,184$ 1,134,649$ 113,465$ 45.0%50.0%5.0% Ft Engineer I/Ii (Water)- - - - 45.0%50.0%5.0% Employee Training 25,000 11,250 12,500 1,250 45.0%50.0%5.0% Employee Travel, Food, Lodging 5,000 2,250 2,500 250 45.0%50.0%5.0% Earned Leave Cashout - - - - 45.0%50.0%5.0% Wages/Part Time - - - - 45.0%50.0%5.0% Overtime 73,710 33,170 36,855 3,686 45.0%50.0%5.0% Overtime Meals 2,000 900 1,000 100 45.0%50.0%5.0% Workers Comp 101,497 45,674 50,749 5,075 45.0%50.0%5.0% Retirement (Full Time)271,399 122,130 135,700 13,570 45.0%50.0%5.0% Deferred Compensation 7,326 3,297 3,663 366 45.0%50.0%5.0% Ual Retirement 353,639 159,138 176,820 17,682 45.0%50.0%5.0% Retirement (Part Time)- - - - 45.0%50.0%5.0% Medicare 33,996 15,298 16,998 1,700 45.0%50.0%5.0% Health Insurance Benefits 460,498 207,224 230,249 23,025 45.0%50.0%5.0% Life Insurance Benefits 3,144 1,415 1,572 157 45.0%50.0%5.0% Employee Assistance Prog 4,262 1,918 2,131 213 45.0%50.0%5.0% Unemployment Insurance 3,620 1,629 1,810 181 45.0%50.0%5.0% Misc Disability Insurance 4,964 2,234 2,482 248 45.0%50.0%5.0% Retiree Medical 2,400 1,080 1,200 120 45.0%50.0%5.0% Apparel, Boots, Ppe 30,000 13,500 15,000 1,500 45.0%50.0%5.0% Utilities 1,013,698 456,164 506,849 50,685 45.0%50.0%5.0% Telecommunications 8,100 3,645 4,050 405 45.0%50.0%5.0% Professional Support 5,000 2,250 2,500 250 45.0%50.0%5.0% Contractual Services 1,128,400 507,780 564,200 56,420 45.0%50.0%5.0% Office/Computer Supplies 15,000 6,750 7,500 750 45.0%50.0%5.0% Department Supplies 60,000 27,000 30,000 3,000 45.0%50.0%5.0% Repairs & Maintenance 250,000 112,500 125,000 12,500 45.0%50.0%5.0% Well System Maintenance 150,000 67,500 75,000 7,500 45.0%50.0%5.0% Equipment Rental 10,000 4,500 5,000 500 45.0%50.0%5.0% Permits 10,000 4,500 5,000 500 45.0%50.0%5.0% Equipment/Furniture 75,000 33,750 37,500 3,750 45.0%50.0%5.0% Improvements - - - - 45.0%50.0%5.0% Capital Improvement Plan - - - - 45.0%50.0%5.0% Interfund Transfer Out 433,788 195,205 216,894 21,689 45.0%50.0%5.0% Valley Water 4,641,000 4,641,000 - - 100.0%0.0%0.0% Subtotal - Water Operations 11,451,740$ 7,705,833$ 3,405,370$ 340,537$ 67.3%29.7%3.0% Budget Categories Total Revenue Requirements Commodity Capacity Customer Basis of Classification Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Funct. & Classification, 17 of 36 Agenda Item No. 9.1 Packet Page 107 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 19 :CLASSIFICATION OF EXPENSES FOR COST OF SERVICE ANALYSIS, cont. Classification of Expenses FY 2023/24 (COM)(CAP)(CA)(COM)(CAP)(CA) Fund 705 - Water Operations 8030 - Water Backflow Prevention Salaries 74,991$ 33,746$ 37,496$ 3,750$ 45.0%50.0%5.0% Earned Leave Cashout - - - - 45.0%50.0%5.0% Wages/Part Time - - - - 45.0%50.0%5.0% Overtime 7,500 3,375 3,750 375 45.0%50.0%5.0% Overtime Meals - - - - 45.0%50.0%5.0% Compensated Absences - - - - 45.0%50.0%5.0% Workers Comp 4,450 2,003 2,225 223 45.0%50.0%5.0% Retirement (Full Time)9,005 4,052 4,503 450 45.0%50.0%5.0% Deferred Compensation - - - - 45.0%50.0%5.0% Ual Retirement 11,703 5,266 5,852 585 45.0%50.0%5.0% Retirement (Part Time)- - - - 45.0%50.0%5.0% Medicare 1,197 539 599 60 45.0%50.0%5.0% Health Insurance Benefits 12,312 5,540 6,156 616 45.0%50.0%5.0% Life Insurance Benefits 90 41 45 5 45.0%50.0%5.0% Employee Assistance Prog 116 52 58 6 45.0%50.0%5.0% Unemployment Insurance 117 53 59 6 45.0%50.0%5.0% Misc Disability Insurance 123 55 62 6 45.0%50.0%5.0% Employee Training 1,000 450 500 50 45.0%50.0%5.0% Employee Travel, Food,Lodge 1,000 450 500 50 45.0%50.0%5.0% Postage 100 45 50 5 45.0%50.0%5.0% Professional Support 1,000 450 500 50 45.0%50.0%5.0% Contractual Services 6,000 2,700 3,000 300 45.0%50.0%5.0% Office/Computer Supplies 1,000 450 500 50 45.0%50.0%5.0% Repairs & Maintenance 10,000 4,500 5,000 500 45.0%50.0%5.0% Subtotal - Water Backflow Prevention 141,704$ 63,767$ 70,852$ 7,085$ 45.0%50.0%5.0% Additional Capital Expenditures One-Time Vehicles -$ -$ -$ -$ 100.0%0.0%0.0% Subtotal - Additional Expenditures 404,450 404,450 - - 100.0%0.0%0.0% Subtotal - Additional Expenditures 404,450$ 404,450$ -$ -$ 100.0%0.0%0.0% Rate-Funded CIP -$ -$ -$ -$ 0.0%100.0%0.0% TOTAL: WATER OPERATIONS EXPENSES 16,505,924$ 9,458,154$ 4,865,057$ 2,182,714$ 57.3%29.5%13.2% TABLE 20 :CLASSIFICATION OF EXPENSES FOR COST OF SERVICE ANALYSIS, cont. Classification of Expenses, continued FY 2023/24 (COM)(CAP)(CA)(COM)(CAP)(CA) Debt Service Payments Outstanding Debt -$ -$ -$ -$ 0.0%100.0%0.0% New Debt Issue - SRF Loan - - - - 0.0%100.0%0.0% New Debt Issue - Revenue Bond - - - - 0.0%100.0%0.0% Total Debt Service Payments -$ -$ -$ -$ 0.0%100.0%0.0% Capital Expenditures Rate Funded Capital Expenses -$ -$ -$ -$ 50.0%50.0%0.0% TOTAL REVENUE REQUIREMENTS 16,505,924$ 9,458,154$ 4,865,057$ 2,182,714$ 57.3%29.5%13.2% Less: Non-Rate Revenues Other Revenue Connect/Install Charges (110,000)$ (63,032)$ (32,422)$ (14,546)$ 57.3%29.5%13.2% Overhead Revenue - - - - 57.3%29.5%13.2% Bank Interest (494,621) (283,426) (145,788) (65,408) 57.3%29.5%13.2% Miscellaneous Revenues (5,000) (2,865) (1,474) (661) 57.3%29.5%13.2% NET REVENUE REQUIREMENTS 15,896,303$ 9,108,831$ 4,685,373$ 2,102,098$ Allocation of Revenue Requirements 100.0%57.3%29.5%13.2% Basis of ClassificationBudget Categories Total Revenue Requirements Budget Categories Total Revenue Requirements Commodity Commodity Capacity Basis of Classification Customer CustomerCapacity Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Funct. & Classification, 18 of 36 Agenda Item No. 9.1 Packet Page 108 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 21 :ADJUSTMENT TO CLASSIFICATION OF EXPENSES FOR COST OF SERVICE ANALYSIS Classification of Expenses Adjustment for Current Rate Level:Total (COM)(CAP)(CA) Test Year (FY 2023/24) Target Rate Rev. After Rate Increases 15,054,120$ Projected Rate Revenue at Current Rates 13,939,000$ Test Year (FY 2023/24) Projected Rate Adjustment 8% Adjusted Net Revenue Req'ts 15,054,120$ 8,626,247$ 4,437,143$ 1,990,730$ Percent of Revenue 100.0%57.3%29.5%13.2% TABLE 22 :NET REVENUE REQUIREMENTS PER COSA RESULTS Total Rate Revenue Requirements FY 2023/24 Commodity Related Costs Capacity Related Costs Customer Related Costs Rate-Design Adjustments to Fixed/Variable %100.0%57.3%29.5%13.2% Rate-Design Adjustments to Fixed/Variable ($)$15,054,120 $8,626,247 $4,437,143 $1,990,730 TABLE 23 :REVISED NET REVENUE REQUIREMENTS PER COSA RESULTS - ALT. #1 Rate-Design Adjustments to Fixed/Variable %100.0%57.0%30.0%13.0% Rate-Design Adjustments to Fixed/Variable % (Rounded)100.0%60.0%30.0%10.0% Rate-Design Adjustments to Fixed/Variable ($)$15,054,120 $9,032,472 $4,516,236 $1,505,412 TABLE 24 :REVISED NET REVENUE REQUIREMENTS - 30% FIXED/70% VOLUMETRIC) - ALT. #2 Rate-Design Adjustments to Fixed/Variable %100.0%70.0%21.0%9.0% Rate-Design Adjustments to Fixed/Variable ($)1 $15,054,120 $10,537,884 $3,161,365 $1,354,871 TABLE 25 :REVISED NET REVENUE REQUIREMENTS - (50% FIXED/50% VOLUMETRIC) - ALT. #3 Rate-Design Adjustments to Fixed/Variable %102.0%50.0%40.0%12.0% Rate-Design Adjustments to Fixed/Variable ($)1 $15,054,120 $7,527,060 $6,021,648 $1,806,494 Net Revenue Requirements - Per COSA Results 57% Fixed / 43% Variable Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Funct. & Classification, 19 of 36 Agenda Item No. 9.1 Packet Page 109 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 26 : DEVELOPMENT OF THE COMMODITY ALLOCATION FACTOR Development of the Volumetric/Variable Allocation Factor1 Customer Class FY 2021/22 (1,000 Gal.yr.) % Adjustment for Conservation Est. FY 2021/22 Volume Adjusted for Conservation FY 2021/22 % of Total Volume (TG/Yr.) Residential 1,348,786 0.0%1,348,786 60.6% Multi-Family 259,687 0.0%259,687 11.7% Commercial/Industrial 333,884 0.0%333,884 15.0% Institutional 38,459 0.0%38,459 1.7% Landscape 231,215 0.0%231,215 10.4% City Account 59 0.0%59 0.0% Hydrant 14,948 0.0%14,948 0.7% Total 2,227,038 2,227,038 100% 1. Consumption data is based on the City of Gilroy's billing data. TABLE 27 : DEVELOPMENT OF THE CAPACITY ALLOCATION FACTORS Development of the PEAK CAPACITY (MAX MONTH) Allocation Factors Customer Class Average Monthly Use (TG) Peak Monthly Use (TG) Peak Monthly Factor Max Month Capacity Factor Residential 112,399 168,922 1.50 61.1% Multi-Family 21,641 26,139 1.21 9.5% Commercial/Industrial 27,824 34,412 1.24 12.4% Institutional 3,205 6,341 1.98 2.3% Landscape 19,268 37,423 1.94 13.5% City Account 5 6 1.22 0.0% Hydrant 1,246 3,340 2.68 1.2% Total 185,586 276,583 1.49 100% 1. Based on peak monthly data (peak day data not available). TABLE 28 : DEVELOPMENT OF THE CUSTOMER ALLOCATION FACTORS Development of the Customer Allocation Factor Customer Class No. of Meters FY 2021/221 Percent of Total Residential 13,518 87.2% Multi-Family 521 3.4% Commercial/Industrial 858 5.5% Institutional 34 0.2% Landscape 515 3.3% City Account 35 0.2% Hydrant 19 0.1% Total 15,500 100.0% 1. Meter count data is based on the City's billing data for June 2022. Capacity Related Costs: Costs associated with the maximum demand required at one point in time or the maximum size of facilities required to meet this demand. Commodity Related Costs: Costs associated with the total consumption (flow) of water over a specified period of time (e.g. annual). Customer Related Costs: Costs associated with having a customer on the water system. These costs vary with the addition or deletion of customers on the system. Examples: Meter-reading, Postage and billing. Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Allocation Factors, 20 of 36 Agenda Item No. 9.1 Packet Page 110 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 29 : ALLOCATION OF WATER REVENUE REQUIREMENTS Commodity-Related Costs 9,032,472$ 60.0%10,537,884$ 70.0%7,527,060$ 49.0% Capacity-Related Costs 4,516,236 30.0%3,161,365 21.0%6,021,648 39.0% Customer-Related Costs 1,505,412 10.0%1,354,871 9.0%1,806,494 12.0% Net Revenue Requirement 15,054,120$ 100.0%15,054,120$ 100.0%15,355,202$ 100.0% TABLE 30 : COST-OF-SERVICE SUMMARY OF REVENUE REQUIREMENTS Residential 9,541,651$ 63.4%9,494,615$ 63.1%9,811,925$ 63.9% Multi-Family 1,530,618 10.2%1,573,058 10.4%1,507,461 9.8% Commercial/Industrial 1,999,425 13.3%2,048,215 13.6%1,977,699 12.9% Institutional 262,825 1.7%257,430 1.7%272,002 1.8% Landscape 1,598,854 10.6%1,566,826 10.4%1,656,253 10.8% City Account 3,737 0.0%3,407 0.0%4,409 0.0% Hydrant 117,010 0.8%110,568 0.7%125,454 0.8% Total 15,054,120$ 100%15,054,120$ 100%15,355,202$ 100% TABLE 31 : ALLOCATION OF UNADJUSTED NET REVENUE REQUIREMENTS - FY 2023/24 Alt. 1 - 40% Fixed / 60% Variable VARIABLE Residential 5,470,437$ 2,758,274$ 1,312,941$ 9,541,651$ 63.4% Multi-Family 1,053,245 426,815 50,558 1,530,618 10.2% Commercial/Industrial 1,354,175 561,903 83,348 1,999,425 13.3% Institutional 155,983 103,540 3,302 262,825 1.7% Landscape 937,767 611,068 50,019 1,598,854 10.6% City Account 239 98 3,399 3,737 0.0% Hydrant 60,626 54,538 1,845 117,010 0.8% Total Net Revenue Requirement 9,032,472$ 4,516,236$ 1,505,412$ 15,054,120$ 100% VARIABLE $9,032,472 % of COS Net Revenue Req'ts COSA Allocated Costs FY 2020/21 2023/24 COS Rev. Req't Allocated Costs FY 2020/21 ALT. 2 (30% Fixed / 70% Variable) ALT. 1 (Preferred) (40% Fixed / 60% Variable) % of COS Rev. Req't. 2023/24 COS Rev. Req't % of COS Rev. Req't. % of COS Rev. Req't. 2023/24 COS Rev. Req't Customer Class Allocated Costs FY 2020/21 Net Rev. Reqts (FY 2023/24) Cost of Service Net Revenue Requirements $15,054,120Total Net Revenue Requirement by Classification Component Customer Classes FIXED Classification Components FIXED $6,021,648 Classification Components ALTERNATIVE 3 (50% Fixed / 50% Variable) Cost-of-Service Net Revenue Requirements (FY 2023/24)1 Net Rev. Reqts (FY 2023/24) Customer- Related Costs Commodity- Related Costs Capacity-Related Costs Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Proposed Fixed Charges, 21 of 36 Agenda Item No. 9.1 Packet Page 111 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 32 : CALCULATION OF MONTHLY FIXED METER SERVICE CHARGES FOR FY 2023/24 - ALTERNATIVE 2 Alt. 1 - 40% Fixed / 60% Variable 3/4 inch 1 inch 1 1/2 inch 2 inch 3 inch 4 inch 6 inch 8 inch 10 inch Residential 4,445 8,273 172 459 167 2 0 0 0 13,518 Multi-Family 137 203 84 56 24 17 0 0 0 521 Commercial/Industrial 251 330 0 249 10 14 3 0 1 858 Institutional 0 1 0 15 8 9 1 0 0 34 Landscape 34 182 79 212 4 4 0 0 0 515 City Account 5 7 1 19 2 1 0 0 0 35 Hydrant 0 0 0 0 19 0 0 0 0 19 Total Meters/Accounts 4,872 8,996 336 1,010 234 47 4 0 1 15,500 Hydraulic Capacity Factor 2 1.00 1.67 3.33 5.33 10.67 16.67 33.33 53.33 140.00 Total Equivalent Meters 4,872 14,993 1,120 5,387 2,496 783 133 0 140 29,925 Monthly Fixed Service Charges Customer Costs ($/Acct/month)3 $8.09 $8.09 $8.09 $8.09 $8.09 $8.09 $8.09 $8.09 $8.09 Capacity Costs ($/Acct/month)4 $12.58 $20.96 $41.92 $67.08 $134.15 $209.61 $419.22 $670.76 $1,760.74 Total Monthly Meter Charge $20.67 $29.05 $50.02 $75.17 $142.24 $217.70 $427.32 $678.85 $1,768.83 Annual Fixed Costs Allocated to Monthly Meter Charges Customer Costs $ 1,505,412 Capacity Costs 4,516,236 Total Fixed Meter Costs 6,021,648$ Annual Revenue from Monthly Meter Charges Customer Charges 473,185$ 873,722$ 32,633$ 98,095$ 22,727$ 4,565$ 388$ -$ 97$ 1,505,412$ Capacity Charges 735,283$ 2,262,797$ 169,031$ 812,957$ 376,697$ 118,221$ 20,123$ -$ 21,129$ 4,516,236$ Total Rev. from Mo. Meter Charges 1,208,468$ 3,136,518$ 201,664$ 911,051$ 399,424$ 122,786$ 20,511$ -$ 21,226$ 6,021,648$ 1. Meter by Class and Size are based on June 2022 customer billing data. 2. Source: AWWA Manual M1, "Principles of Water Rates, Fees, and Charges", Table B-1 3. Customer costs are allocated to each customer by dividing the total customer costs by the total number of customers. 4. Capacity costs are allocated by meter size and the hydraulic capacity of the meter. Number of Meters by Class and Size1 Total FY2023/24 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Proposed Fixed Charges, 22 of 36 Agenda Item No. 9.1 Packet Page 112 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 33 : ALLOCATION OF UNADJUSTED NET REVENUE REQUIREMENTS - FY 2023/24 Alt. 2 - 30% Fixed / 70% Variable VARIABLE Residential 6,382,176$ 1,930,792$ 1,181,647$ 9,494,615$ 63.1% Multi-Family 1,228,786 298,771 45,502 1,573,058 10.4% Commercial/Industrial 1,579,871 393,332 75,013 2,048,215 13.6% Institutional 181,980 72,478 2,972 257,430 1.7% Landscape 1,094,062 427,748 45,017 1,566,826 10.4% City Account 279 69 3,059 3,407 0.0% Hydrant 70,731 38,176 1,661 110,568 0.7% Total Net Revenue Requirement 10,537,884$ 3,161,365$ 1,354,871$ 15,054,120$ 99% VARIABLE $10,537,884 TABLE 34 : CALCULATION OF MONTHLY FIXED METER SERVICE CHARGES FOR FY 2023/24 - ALTERNATIVE 1 Alt. 2 - 30% Fixed / 70% Variable 3/4 inch 1 inch 1 1/2 inch 2 inch 3 inch 4 inch 6 inch 8 inch 10 inch Residential 4,445 8,273 172 459 167 2 0 0 0 13,518 Multi-Family 137 203 84 56 24 17 0 0 0 521 Commercial/Industrial 251 330 0 249 10 14 3 0 1 858 Institutional 0 1 0 15 8 9 1 0 0 34 Landscape 34 182 79 212 4 4 0 0 0 515 City Account 5 7 1 19 2 1 0 0 0 35 Hydrant 0 0 0 0 19 0 0 0 0 19 Total Meters/Accounts 4,872 8,996 336 1,010 234 47 4 0 1 15,500 Hydraulic Capacity Factor 2 1.00 1.67 3.33 5.33 10.67 16.67 33.33 53.33 140.00 Total Equivalent Meters 4,872 14,993 1,120 5,387 2,496 783 133 0 140 29,925 Monthly Fixed Service Charges Customer Costs ($/Acct/month)3 $7.28 $7.28 $7.28 $7.28 $7.28 $7.28 $7.28 $7.28 $7.28 Capacity Costs ($/Acct/month)4 $8.80 $14.67 $29.35 $46.95 $93.91 $146.73 $293.46 $469.53 $1,232.51 Total Monthly Meter Charge $16.09 $21.96 $36.63 $54.24 $101.19 $154.01 $300.74 $476.81 $1,239.80 Annual Fixed Costs Allocated to Monthly Meter Charges Customer Costs $ 1,354,871 Capacity Costs 3,161,365 Total Fixed Meter Costs 4,516,236$ Annual Revenue from Monthly Meter Charges Customer Charges 425,866$ 786,350$ 29,370$ 88,285$ 20,454$ 4,108$ 350$ -$ 87$ 1,354,871$ Capacity Charges 514,698 1,583,958 118,321 569,070 263,688 82,755 14,086 - 14,790 3,161,365 Total Revenue from Monthly Meter Charges 940,565$ 2,370,307$ 147,692$ 657,355$ 284,142$ 86,863$ 14,436$ -$ 14,878$ 4,516,236$ 1. Meter by Class and Size are based on June 2022 customer billing data. 2. Source: AWWA Manual M1, "Principles of Water Rates, Fees, and Charges", Table B-1 3. Customer costs are allocated to each customer by dividing the total customer costs by the total number of customers. 4. Capacity costs are allocated by meter size and the hydraulic capacity of the meter. $15,054,120 Cost of Service Net Rev. Req'ts % of COS Net Revenue Req'tsCustomer Classes Capacity-Related Costs Customer- Related Costs Classification Components FIXED Commodity- Related Costs Total Net Revenue Requirement by Classification Component Number of Meters by Class and Size1 FY2023/24 FIXED $4,516,236 Total Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Proposed Fixed Charges, 23 of 36 Agenda Item No. 9.1 Packet Page 113 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 35 : FIXED CHARGES REVENUE CHECK 3/4 inch 1 inch 1 1/2 inch 2 inch 3 inch 4 inch 6 inch 8 inch 10 inch Residential 4,445 8,273 172 459 167 2 0 0 0 13,518 Multi-Family 137 203 84 56 24 17 0 0 0 521 Commercial/Industrial 251 330 0 249 10 14 3 0 1 858 Institutional 0 1 0 15 8 9 1 0 0 34 Landscape 34 182 79 212 4 4 0 0 0 515 City Account 5 7 1 19 2 1 0 0 0 35 Hydrant 0 0 0 0 19 0 0 0 0 19 Total Meters/Accounts 4,872 8,996 336 1,010 234 47 4 0 1 15,500 TABLE 36 : PROJECTED FIXED REVENUE CHECK Alt. 2 - 30% Fixed / 70% Variable 3/4 inch 1 inch 1 1/2 inch 2 inch 3 inch 4 inch 6 inch 8 inch 10 inch Charges by Meter Size $16.09 $21.96 $36.63 $54.24 $101.19 $154.01 $300.74 $476.81 $1,239.80 Revenue from Fixed Charges Residential 858,130$ 2,179,808$ 75,604$ 298,738$ 202,785$ 3,696$ -$ -$ -$ 3,618,762$ Multi-Family 26,449 53,487 36,923 36,447 29,143 31,418 - - - 213,867 Commercial/Industrial 48,457 86,950 - 162,061 12,143 25,874 10,827 - 14,878 361,189 Institutional - 263 - 9,763 9,714 16,633 3,609 - - 39,983 Landscape 6,564 47,954 34,725 137,979 4,857 7,393 - - - 239,472 City Account 965 1,844 440 12,366 2,429 1,848 - - - 19,892 Hydrant - - - - 23,071 - - - - 23,071 Total Revenue - Fixed Charges 4,516,236$ TABLE 37 : PROJECTED FIXED REVENUE CHECK ` Residential 3,112,439$ 3,618,762$ 506,323$ Multi-Family 344,273 213,867 (130,405) Commercial/Industrial 468,345 361,189 (107,156) Institutional 75,450 39,983 (35,467) Landscape 472,764 239,472 (233,292) City Account 3,128 19,892 16,764 Hydrant 39,837 23,071 (16,766) Total 4,516,236$ 4,516,236$ -$ Number of Meters by Class and Size Total FY2023/24 Projected Revenue From Fixed Charges by Customer Class FY2023/24 Total Customer Class Net Revenue Requirement (Alternative 1 - 30% Fixed / 70% Variable) COS Rev. Req't Expected Revenue Over/(Under) Collected Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Fixed Charges Revenue Check, 24 of 36 Agenda Item No. 9.1 Packet Page 114 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 38 : PROJECTED FIXED REVENUE CHECK Alt. 1 - 40% Fixed / 60% Variable 3/4 inch 1 inch 1 1/2 inch 2 inch 3 inch 4 inch 6 inch 8 inch 10 inch Charges by Meter Size $20.67 $29.05 $50.02 $75.17 $142.24 $217.70 $427.32 $678.85 $1,768.83 Revenue from Fixed Charges Residential 1,102,554$ 2,884,439$ 103,233$ 414,032$ 285,059$ 5,225$ -$ -$ -$ 4,794,541$ Multi-Family 33,982 70,777 50,416 50,514 40,967 44,412 - - - 291,067 Commercial/Industrial 62,259 115,057 - 224,606 17,069 36,574 15,383 - 21,226 492,175 Institutional - 349 - 13,530 13,656 23,512 5,128 - - 56,175 Landscape 8,433 63,456 47,415 191,231 6,828 10,450 - - - 327,812 City Account 1,240 2,441 600 17,139 3,414 2,612 - - - 27,446 Hydrant - - - - 32,432 - - - - 32,432 Total Revenue - Fixed Charges 6,021,648$ TABLE 39 : PROJECTED FIXED REVENUE CHECK ` Residential 4,071,215$ 4,794,541$ 723,326$ Multi-Family 477,373 291,067 (186,306) Commercial/Industrial 645,250 492,175 (153,076) Institutional 106,842 56,175 (50,668) Landscape 661,087 327,812 (333,275) City Account 3,497 27,446 23,949 Hydrant 56,383 32,432 (23,951) Total 6,021,648$ 6,021,648$ -$ Projected Revenue From Fixed Charges by Customer Class Total FY2023/24 Customer Class Net Revenue Requirement (Alternative 2 (COSA) - 40% Fixed / 60% Variable) COS Rev. Req't Expected Revenue Over/(Under) Collected Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Fixed Charges Revenue Check, 25 of 36 Agenda Item No. 9.1 Packet Page 115 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 40 : PROJECTED FIXED REVENUE CHECK Net Revenue Requirements (Alternative 3 - 50% Fixed / 50% Variable) 3/4 inch 1 inch 1 1/2 inch 2 inch 3 inch 4 inch 6 inch 8 inch 10 inch Charges by Meter Size $26.48 $37.66 $65.61 $99.15 $188.58 $289.19 $568.68 $904.05 $2,357.36 Revenue from Fixed Charges Residential 1,412,510$ 3,738,785$ 135,416$ 546,099$ 377,916$ 6,941$ -$ -$ -$ 6,217,667$ Multi-Family 43,535 91,741 66,134 66,626 54,311 58,996 - - - 381,343 Commercial/Industrial 79,762 149,136 - 296,250 22,630 48,585 20,472 - 28,288 645,122 Institutional - 452 - 17,846 18,104 31,233 6,824 - - 74,459 Landscape 10,804 82,251 62,197 252,229 9,052 13,881 - - - 430,414 City Account 1,589 3,163 787 22,605 4,526 3,470 - - - 36,141 Hydrant - - - - 42,996 - - - - 42,996 Total Revenue - Fixed Charges 7,828,142$ TABLE 41 : PROJECTED FIXED REVENUE CHECK ` Residential 5,253,228$ 6,217,667$ 964,439$ Multi-Family 629,757 381,343 (248,414) Commercial/Industrial 849,221 645,122 (204,099) Institutional 142,016 74,459 (67,557) Landscape 874,780 430,414 (444,366) City Account 4,210 36,141 31,932 Hydrant 74,931 42,996 (31,935) Total 7,828,142$ 7,828,142$ -$ Projected Revenue From Fixed Charges by Customer Class FY2023/24 Total Customer Class Net Revenue Requirement (Alternative 3 - 40% Fixed / 60% Variable) COS Rev. Req't Expected Revenue Over/(Under) Collected Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Fixed Charges Revenue Check, 26 of 36 Agenda Item No. 9.1 Packet Page 116 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 42 : PROPOSED VOLUMETRIC CHARGES FOR FY 2022/23 Alt. 1 - 40% Fixed / 60% Variable Zone 1 Zone 2 Zone 3 Residential - Tier 1 1,348,786 60.6%4,912,312$ $3.64 $4.00 $4.37 $4.73 Multi-Family 259,687 11.7%945,787 $3.64 $4.00 $4.37 $4.73 Commercial/Industrial 333,884 15.0%1,216,014 $3.64 $4.00 $4.37 $4.73 Institutional 38,459 1.7%140,069 $3.64 $4.00 $4.37 $4.73 Landscape 231,215 10.4%842,091 $3.64 $4.00 $4.37 $4.73 City Account 59 0.0%215 $3.64 $4.00 $4.37 $4.73 Hydrant 14,948 0.7%54,441 $3.64 $4.00 $4.37 $4.73 Total Potable Water 2,227,038 39.4%8,110,929$ Pumping Costs 921,543 Total Volumetric Reve. Reqts.9,032,472$ 1. Water consumption is actual consumption for FY 2021/22 and includes an adjustment for conservation. 2. Total volumetric revenue requirements based on rate alternative less supply costs and pumping costs. TABLE 43 : CONSUMPTION BY ZONE FOR FY 2021/22 Zone 1 Zone 2 Zone 3 Residential 1,110,987 198,886 38,913 1,348,786 Multi-Family 259,459 0 228 259,687 Comm/Industrial 333,140 744 0 333,884 Institutional 38,459 0 0 38,459 Landscape 202,531 28,638 46 231,215 City Account 59 0 0 59 Hydrant 7,654 1,737 5,557 14,948 Total 1,952,289 230,005 44,744 2,227,038 TABLE 44 : PUMPING BY ZONE FOR FY 2021/22 Zone 1 Zone 2 Zone 3 Residential 1,348,786 237,799 38,913 1,625,498 Multi-Family 259,687 228 228 260,143 Comm/Industrial 333,884 744 0 334,628 Institutional 38,459 0 0 38,459 Landscape 231,215 28,684 46 259,945 City Account 59 0 0 59 Hydrant 14,948 7,294 5,557 27,799 Total 2,227,038 274,749 44,744 2,546,531 1. Includes water in Zone 3 pumped throuhg Zones 1 and 2, etc. Total Pumping Uniform Commodity Rates Including Pumping Costs ($/TG)Water Use (TG/yr.)1 Total Vol. Rev. Reqts. (Excl. Pumping) Alt. 1 - 40% Fixed / 60% Variable - CONSUMPTION by Zone Customer Class CONSUMPTION by Zone and by Class (TG/Yr.)Total Consumption Customer Classes % of Total Water Use Uniform Commodity Rates ($/TG) Alt. 1 - 40% Fixed / 60% Variable - PUMPING by Zone Customer Class PUMPING by Zone and by Class (TG/Yr.)1 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Vol Rates - Alt 1, 27 of 36 Agenda Item No. 9.1 Packet Page 117 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 45 : ESTIMATED ZONAL PUMPING COSTS AND RATES BY CUSTOMER CLASS AND ZONE Zone 1 Zone 2 Zone 3 Residential $488,101 $86,055 $14,082 $588,238 Multi-Family $93,976 $83 $83 $94,141 Comm/Industrial $120,827 $269 $0 $121,096 Institutional $13,918 $0 $0 $13,918 Landscape $83,672 $10,380 $17 $94,069 City Account $21 $0 $0 $21 Hydrant $5,409 $2,640 $2,011 $10,060 Total $805,924 $99,427 $16,192 $921,543 Pumping by Zone (TG/Yr.)2,227,038 274,749 44,744 Zonal Pumping Rate ($/TG)$0.362 $0.362 $0.362 TABLE 46 : VOLUMETRIC RATES BY CUSTOMER CLASS AND ZONE Alt. 1 (40% Fixed/60% Vol.) - Cumulative Zonal Vol. Rates by Zone Zone 1 Zone 2 Zone 3 Residential $3.64 $4.004 $4.366 $4.728 Multi-Family 3.64 $4.004 $4.366 $4.728 Comm/Industrial 3.64 $4.004 $4.366 $4.728 Institutional 3.64 $4.004 $4.366 $4.728 Landscape 3.64 $4.004 $4.366 $4.728 City Account 3.64 $4.004 $4.366 $4.728 Hydrant 3.64 $4.004 $4.366 $4.728 TABLE 47 : ESTIMATED VOLUMETRIC REVENUE BY CUSTOMER CLASS AND ZONE Zone 1 Zone 2 Zone 3 Residential $4,448,288 $868,294 $183,968 $5,500,550 Multi-Family 1,038,850 0 1,078 1,039,928 Comm/Industrial 1,333,862 3,248 0 1,337,110 Institutional 153,986 0 0 153,986 Landscape 810,915 125,027 217 936,160 City Account 236 0 0 236 Hydrant 30,646 7,583 26,272 64,501 Grand Total $7,816,784 $1,004,153 $211,535 $9,032,472 Customer Class Volumetric Revenue by Zone ($/Yr.)Total Volumetric Rate Revenue Customer Class Zonal Pumping Costs ($/Yr.)Zonal Costs by Class ($/Yr.) Customer Class Volumetric Rates Cumulative Vol. Rates by Zone ($/TG) Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Vol Rates - Alt 1, 28 of 36 Agenda Item No. 9.1 Packet Page 118 of 199 CITY OF GILROY WATER RATE STUDY Cost-of-Service Analysis & Rate Design CURRENT VS. PROPOSED WATER RATES Alt. 1 - 40% Fixed / 60% Variable FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Monthly Fixed Service Charges Meter Size 3/4 inch $11.53 $20.67 $22.32 $23.66 $24.61 $25.59 1 inch $19.24 $29.05 $31.38 $33.26 $34.59 $35.98 1 1/2 inch $38.47 $50.02 $54.02 $57.26 $59.55 $61.93 2 inch $61.55 $75.17 $81.18 $86.05 $89.50 $93.08 3 inch $115.39 $142.24 $153.62 $162.84 $169.36 $176.13 4 inch $192.30 $217.70 $235.12 $249.23 $259.20 $269.57 6 inch $384.62 $427.32 $461.50 $489.19 $508.76 $529.11 8 inch $615.37 $678.85 $733.16 $777.15 $808.23 $840.56 10 inch $884.50 $1,768.83 $1,910.34 $2,024.96 $2,105.95 $2,190.19 Residential Customers - Tiered Volumetric Rates Tier 1 - Zone 1 $4.39 $4.00 $4.32 $4.58 $4.77 $4.96 Tier 1 - Zone 2 $4.93 $4.37 $4.72 $5.00 $5.20 $5.41 Tier 1 - Zone 3 $5.52 $4.73 $5.11 $5.41 $5.63 $5.85 Tier 2 ( more than 30 TG) Tier 2 - Zone 1 $4.93 N.A.N.A.N.A.N.A.N.A. Tier 2 - Zone 2 $5.47 N.A.N.A.N.A.N.A.N.A. Tier 2 - Zone 3 $6.06 N.A.N.A.N.A.N.A.N.A. Note: The City recently transitioned from July1-June 30 fiscal years to calendar years (January to December). Current Rates Proposed RatesWater Rate Schedule Variable Charges for All Water Consumed ($/1,000 gallons (or TG)) Uniform Vol. Rates Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Current & Proposed Rates, 29 of 36 Agenda Item No. 9.1 Packet Page 119 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 SFR Bill Comp Tiers, 30 of 36$32.41$41.19$45.58$55.68$67.53$85.09$107.04$41.07$49.07$53.08$62.29$73.10$89.11$109.13$36.00$45.36$50.04$60.80$73.44$92.16$115.55$0 $25 $50 $75 $100 $125 3 5 6 8.3 11 15 20Monthly BillMonthly Water Consumption (TG) Single-Family Residential Water Bill Comparison Current vs. Proposed FY'23/24 Rates (1" Meter) Residential Bill - Current Rates Residential Bill 60/40 V/F Residential Bill 70/30 V/F Average ANNUAL Bill (8.3 TG/mo.)Average WINTER Bill (6 TG/mo.) Average SUMMER Bill (11 TG/mo.) Agenda Item No. 9.1 Packet Page 120 of 199 $62.29$67.27$71.31$74.16$77.12$55.68$60.80$65.66$69.60$72.39$75.28$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (TG) Residential Water Bill Comparison 5-Year Projection (1" Meter) Resid. - 5-Year Rates (60/40 V/F) Resid. - 5-Year Rates (70/30 V/F) Average Monthly Water Use - 8.3 TG Agenda Item No. 9.1 Packet Page 121 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 MFR Bill Comp, 32 of 36$104.32$148.22$200.90$222.85$244.80$279.92$323.82$110.07$150.11$198.16$218.18$238.20$270.23$310.27$106.83$153.63$209.79$233.18$256.58$294.02$340.82$0 $25 $50 $75 $100 $125 $150 $175 $200 $225 $250 $275 $300 $325 $350 15 25 37 42 47 55 65Monthly BillMonthly Water Consumption (TG) Multi-Family Residential Water Bill Comparison Current vs. Proposed FY'22/23 Rates (1.5" Meter) Multi-Family Residential Bill - Current Rates Multi-Family Residential Bill 60/40 V/F Multi-Family Residential Bill 70/30 V/F Average ANNUAL Bill (42 TG/mo.)Average WINTER Bill (37 TG/mo.) Average SUMMER Bill (47 TG/mo.) Agenda Item No. 9.1 Packet Page 122 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Commercial Bill Comp, 33 of 36$55.43$99.33$134.45$152.01$178.35$252.98$340.78$60.71$100.75$132.78$148.80$172.82$240.89$320.96$62.89$109.69$147.12$165.84$193.92$273.48$367.08$0 $50 $100 $150 $200 $250 $300 $350 $400 10 20 28 32 38 55 75Monthly BillMonthly Water Consumption (TG) Commercial Water Bill Comparison Current vs. Proposed FY'23/24 Rates (< 1" Meter) Commercial Bill - Current Rates Commercial Bill 60/40 V/F Commercial Bill 70/30 V/F Average WINTER Bill (28 TG/mo.) Average ANNUAL Bill (32 TG/mo.) Average SUMMER Bill (38 TG/mo.) Agenda Item No. 9.1 Packet Page 123 of 199 $152.01 $148.80$160.70$170.34$177.15$184.24$165.84$179.11$189.86$197.45$205.35$0 $50 $100 $150 $200 $250 FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (TG) Commercial Water Bill Comparison 5-Year Projection (1" Meter) Commercial - 5-Year Rates (60/40 V/F) Commercial - 5-Year Rates (70/30 V/F) Annual Monthly Water Use - 32 TG Agenda Item No. 9.1 Packet Page 124 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Commercial Bill Comp (2), 35 of 36$149.35$237.15$342.51$425.92$478.60$544.45$610.30$147.83$241.43$353.75$442.67$498.83$569.02$639.22$155.25$235.33$331.42$407.49$455.54$515.60$575.66$0 $100 $200 $300 $400 $500 $600 $700 $800 20 40 64 83 95 110 125Monthly BillMonthly Water Consumption (TG) Commercial Water Bill Comparison Current vs. Proposed FY'22/23 Rates (2" Meter) Commercial Bill - Current Rates Commercial Bill 70/30 V/F Commercial Bill 60/40 V/F Average WINTER Bill (64 TG/mo.) Average ANNUAL Bill (83 TG/mo.) Average SUMMER Bill (95 TG/mo.) Agenda Item No. 9.1 Packet Page 125 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Landscape Bill Comp, 36 of 36$33.48$64.21$173.96$301.27$384.68$45.36$78.12$195.11$330.83$419.75$49.07$77.10$177.20$293.31$369.39$0 $50 $100 $150 $200 $250 $300 $350 $400 $450 5 12 37 66 85Monthly BillMonthly Water Consumption (TG) Landscape Bill Comparison - Commercial Current vs. Proposed FY'22/23 Rates (2" Meter) Landscape Bill - Current Rates Landscape Bill 70/30 V/F Landscape Bill 60/40 V/F Average ANNUAL Bill (37 TG/mo.) Average WINTER Bill (12 TG/mo.) Average SUMMER Bill (66 TG/mo.) Agenda Item No. 9.1 Packet Page 126 of 199 City of Gilroy – Comprehensive Water & Wastewater Utility Rate Study Prepared by NBS – August 2023 34 Appendix B. Wastewater Rate Study Tables and Figures Agenda Item No. 9.1 Packet Page 127 of 199 CITY OF GILROY Financial Plan & Reserve Summary SEWER RATE STUDY Financial Plan and Reserve Projections TABLE 1 : FINANCIAL PLAN AND SUMMARY OF REVENUE REQUIREMENTS Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Sources of Funds 1 Rate Revenue: User Fees 13,247,000$ 13,512,000$ 13,782,000$ 13,988,730$ 14,198,561$ 14,411,539$ Other Revenue: Misc. Revenue & Interest Earnings2 992,066 649,871 397,017 15,619 15,853 16,091 Interfund Transfer In 1,533,500 2,244,000 2,244,000 2,244,000 2,244,000 2,244,000 Total: Sources of Funds 15,772,566$ 16,405,871$ 16,423,017$ 16,248,349$ 16,458,414$ 16,671,630$ Uses of Water Funds 1 Operating Expenses: 7500 - Sewer Administration 3,606,254$ 2,143,559$ 2,202,325$ 2,339,468$ 2,481,991$ 2,625,123$ 7510 - Finance Sewer Utility Billing 921,605 1,037,477 1,083,341 1,120,978 1,159,924 1,200,226 7520 - Sewer Operations 2,758,341 4,362,836 4,320,125 4,464,460 4,613,637 4,767,818 SCWRA Oper. Costs (less Monit., Sampl., Pre-Tr.Costs)5,715,995 6,146,815 6,517,038 6,781,500 6,989,600 7,207,300 Monitoring, Sampling, Pretreatment (Non-Resid. Costs)N.A.365,700 440,200 388,500 400,400 412,700 Subtotal: Operating Expenses 13,002,195$ 13,690,686$ 14,122,829$ 14,706,406$ 15,245,153$ 15,800,467$ Other Expenditures: Existing Debt Service 1,533,500$ 2,244,000$ 2,244,400$ 2,243,600$ 2,241,600$ 2,243,300$ Rate-Funded Capital Expenses - 75,401 335,906 211,300 755,038 1,334,115 Subtotal: Other Expenditures 1,533,500$ 2,319,401$ 2,580,306$ 2,454,900$ 2,996,638$ 3,577,415$ Total: Uses of Funds 14,535,695$ 16,010,087$ 16,703,135$ 17,161,306$ 18,241,791$ 19,377,882$ Plus: Revenue from Rate Increases2 - 540,480 1,121,811 1,743,733 2,408,627 3,119,008 Annual Surplus/(Deficit)1,236,871$ 936,264$ 841,693$ 830,775$ 625,250$ 412,756$ Net Revenue Reqt. (Total Uses less Non-Rate Revenue)12,010,129$ 13,116,216$ 14,062,118$ 14,901,687$ 15,981,938$ 17,117,791$ Total Rate Revenue After Rate Increases 13,247,000$ 14,052,480$ 14,903,811$ 15,732,463$ 16,607,187$ 17,530,547$ Projected Annual Rate Revenue Increase 0.00%4.00%4.00%4.00%4.00%4.00% Cumulative Increase from Annual Revenue Increases 0.00%4.00%8.16%12.49%16.99%21.67% Debt Coverage After Rate Increase (1.25 required)1.81 1.45 1.52 1.46 1.62 1.78 1. Revenue and expenses for FY 2022/23 through FY204/25 provided by the City. Revenues and expenses for all other years are escalated based on the forecasting assumptions in Table 9 (See Exhibit 1 (O&M) Tab). Source file: FY23 Budgets.xlsx . The new vehicles expense in FY24 and FY25 was transferred to the CIP budget to avoid incresaing rates to meet coverage requirements. 2. Interest income for FY2022-23 through FY2024-25 is from the City's Budget. For all other years, it is calculated based on historical LAIF returns. 3. Revenue from rate increases assumes an implementation date of April 1, 2023 for new rates. For each year thereafter, the assumption is that new rates will be implemented on July 1st of each year. Selection of Financial Plan Alternative 2 Financial Plan Alternatives FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 1 Alternative 1 - 2% Annual Rate Increases 0.00%2.00%2.00%2.00%2.00%2.00% 2 Alternative 2 - 4% Annual Rate Increases 0.00%4.00%4.00%4.00%4.00%4.00% 3 Alternative 3 - Custom Rate Increases 0.00%7.00%7.00%7.00%7.00%7.00% 4 No Rate Increases 0.00%0.00%0.00%0.00%0.00%0.00% RATE REVENUE REQUIREMENTS SUMMARY 5-Year Projected Rate Period Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Financial Plan, 1 of 34 Agenda Item No. 9.1 Packet Page 128 of 199 CITY OF GILROY Financial Plan & Reserve Summary SEWER RATE STUDY Financial Plan and Reserve Projections TABLE 2 : EXCLUDED PLEDGE SUMMARYRESERVE FUND SUMMARY Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Total Beginning Cash1 18,206,179$ Unrestricted Reserves: Operating Reserve Beginning Reserve Balance 13,654,634$ 6,501,000$ 6,845,000$ 7,061,000$ 7,353,000$ 7,623,000$ Plus: Net Cash Flow (After Rate Increases)1,236,871 936,264 841,693 830,775 625,250 412,756 Plus: Transfer of Debt Reserve Surplus - - - - - - Plus: Interest Earnings - 56,234 59,209 61,078 63,603 65,939 Less: Transfer Out to Capital Replacement Reserve (8,390,505) (648,498) (684,902) (599,853) (418,853) (201,695) Ending Operating Reserve Balance 6,501,000$ 6,845,000$ 7,061,000$ 7,353,000$ 7,623,000$ 7,900,000$ Target Ending Balance (6 months of O&M)2 6,501,000$ 6,845,000$ 7,061,000$ 7,353,000$ 7,623,000$ 7,900,000$ Capital Rehabilitation & Replacement Reserve Beginning Reserve Balance 4,551,545$ 12,942,049$ 13,495,633$ 11,271,248$ 8,151,561$ 6,946,887$ Plus: Grant Proceeds - - - - - - Plus: Transfer of Operating Reserve Surplus 8,390,505 648,498 684,902 599,853 418,853 201,695 Less: Use of Reserves for Capital Projects - (94,914) (2,909,287) (3,719,540) (1,623,527) (1,500,000) Ending Capital Rehab & Replacement Reserve Balance 12,942,049$ 13,495,633$ 11,271,248$ 8,151,561$ 6,946,887$ 5,648,582$ Target Ending Balance (Avg. Annual CIP)3 4,420,000$ 4,420,000$ 4,420,000$ 4,420,000$ 4,420,000$ 4,420,000$ Ending Cash Balance - Excl. Restricted Reserves 19,443,049$ 20,340,633$ 18,332,248$ 15,504,561$ 14,569,887$ 13,548,582$ Min. Target Ending Cash Balance -Excl. Restricted Reserves10,921,000$ 11,265,000$ 11,481,000$ 11,773,000$ 12,043,000$ 12,320,000$ Ending Surplus/(Deficit) Compared to Reserve Targets 8,522,049$ 9,075,633$ 6,851,248$ 3,731,561$ 2,526,887$ 1,228,582$ Days Cash on Hand 546 540 463 380 333 289 Annual Interest Earnings Rate 4 0.85%0.85%0.85%0.85%0.85%0.85% 1. Beginning cash balances provided by City staff for Fund 700 - Sewer Operations. Source file: Account Trial Balance FY22 - 430-435-700-705.pdf . 2. The target ending balance is set equal to 90-days of O&M expenses. 3. The target ending balance is set equal to the average annual CIP costs in future dollars for City infrastructure of approximately $30 M; we have doubled this to reflect a lesser reserve target that includes about 50% of SCRWA infrastructure (i.e., half of $74 M). 4. Historical interest earning rates are per the average annual yields for funds invested in LAIF (2018-2022). The source is the California State Treasurer's website: https://www.treasurer.ca.gov/pmia-laif/historical/annual.asp . SUMMARY OF CASH ACTIVITY SEWER FUND RESERVES 5-Year Projected Rate Period Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Financial Plan, 2 of 34 Agenda Item No. 9.1 Packet Page 129 of 199 CITY OF GILROY Financial Plan & Reserve Summary SEWER RATE STUDY Financial Plan and Reserve Projections TABLE 3 : EXCLUDED PLEDGE SUMMARYRESERVE FUND SUMMARY, cont. Projected FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Restricted Reserves: Sewer Impact Fee Reserve Beginning Reserve Balance1 14,976,546$ 15,048,572$ 15,194,152$ 18,873,406$ 19,967,880$ 18,302,389$ Plus: Allocated Interest Earnings1 219,443 224,381 228,868 234,590 240,454 246,466 Less: Interfund Transfer out (1,533,500) (2,244,000) (2,244,000) (2,244,000) (2,244,000) (2,244,000) Plus: Interfund Transfer In 386,083 437,408 410,049 Plus: Impact Fee Revenue1 1,000,000 1,803,192 5,620,243 3,315,184 1,093,093 1,357,983 Less: Use of Reserves for Capital Projects2 - (75,401) (335,906) (211,300) (755,038) (2,840,381) Ending Impact Fee Fund Balance 15,048,572$ 15,194,152$ 18,873,406$ 19,967,880$ 18,302,389$ 14,822,457$ Target Ending Balance -$ -$ -$ -$ -$ -$ Debt Reserve Beginning Reserve Balance3 -$ -$ -$ -$ -$ -$ Ending Debt Reserve Balance -$ -$ -$ -$ -$ -$ Target Ending Balance -$ -$ -$ -$ -$ -$ Annual Interest Earnings Rate 4 0.87%0.87%0.87%0.87%0.87%0.87% 1. Beginning cash balance for FY 2022/23 provided by City staff. Source file: 4 - Current Cash and Fund Balance - Wastewater 12062021.xlsx . 2. Determined in the CIP (Exhibit 2). 4. Historical interest earning rates are per the average annual yields for funds invested in LAIF (2018-2022). The source is the California State Treasurer's website: https://www.treasurer.ca.gov/pmia-laif/historical/annual.asp . SUMMARY OF CASH ACTIVITY 5-Year Projected Rate Period Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Financial Plan, 3 of 34 Agenda Item No. 9.1 Packet Page 130 of 199 CITY OF GILROY Charts & Tables SEWER RATE STUDY Financial Plan Charts CHART 1 $.0 Mil $2.0 Mil $4.0 Mil $6.0 Mil $8.0 Mil $10.0 Mil $12.0 Mil $14.0 Mil $16.0 Mil $18.0 Mil $20.0 Mil 2023 2024 2025 2026 2027 2028Annual ObligationsFiscal Year Ending June 30 Sewer Revenue Requirements vs. Revenue Under Existing and Increased Rates Rate Funded Capital Expenses O&M Expenses Revenues under Existing Rates Revenues under Increased Rates Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Charts and Tables, 4 of 34 Agenda Item No. 9.1 Packet Page 131 of 199 CITY OF GILROY Charts & Tables SEWER RATE STUDY Financial Plan Charts CHART 2 $.0 Mil $5.0 Mil $10.0 Mil $15.0 Mil $20.0 Mil $25.0 Mil 2023 2024 2025 2026 2027 2028 Fiscal Year Ending June 30 Ending Cash Balances vs. Recommended Reserve Targets Sewer Fund - Unrestricted Reserves Ending Cash Balance Minimum Target Reserve Balance Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Charts and Tables, 5 of 34 Agenda Item No. 9.1 Packet Page 132 of 199 CITY OF GILROY Charts & Tables SEWER RATE STUDY Financial Plan Charts CHART 3 0.00% 4.00%4.00%4.00%4.00%4.00% 0% 1% 1% 2% 2% 3% 3% 4% 4% 5% 2023 2024 2025 2026 2027 2028 Fiscal Year Ending June 30 Projected Increases to Rate Revenue Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Charts and Tables, 6 of 34 Agenda Item No. 9.1 Packet Page 133 of 199 CITY OF GILROY Exhibit 1 - O&M SEWER RATE STUDY Operating Revenue and Expenses TABLE 4 :REVENUE FORECAST1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Rate Revenue 700 7500 700 -75-7500-000-45120 User Fees 1 13,247,000$ 13,512,000$ 13,782,000$ 13,988,730$ 14,198,561$ 14,411,539$ Other Revenue 700 7500 700 -75-7500-000-45145 Overhead Revenue 1 14,505 14,940 15,388 15,619 15,853 16,091 700 7500 700 -75-7500-000-46110 Bank Interest See FP 327,561 334,931 341,629 - - - 700 7500 700 -75-7500-000-46310 Other Interest 1 650,000 300,000 40,000 - - - 700 7500 700 -75-7500-000-48110 Interfund Transfer In 6 1,533,500 2,244,000 2,244,000 2,244,000 2,244,000 2,244,000 700 7500 700 -75-7500-000-48420 Bond Proceeds 6 - - - - - - 700 7510 700 -75-7510-000-43110 Federal Grant 6 - - - - - - TOTAL: RATE AND OTHER REVENUE 15,772,566$ 16,405,871$ 16,423,017$ 16,248,349$ 16,458,414$ 16,671,630$ Sewer Impact Fee Revenue 430 5500 430 -55-5500-000-45150 Developer's Impact Fee 1 1,000,000 1,803,192 5,620,243 3,315,184 1,093,093 1,357,983 430 5500 430 -55-5500-000-46110 Bank Interest See FP 219,443 224,381 228,868 - - - 430 5500 430 -55-5500-000-46210 Interfund Interest Income 1 - - - - - - 430 5500 430 -55-5500-000-48110 Interfund Transfer In 6 386,083 437,408 410,049 - - - TOTAL: IMPACT FEE REVENUE 1,605,526$ 2,464,981$ 6,259,160$ 3,315,184$ 1,093,093$ 1,357,983$ TABLE 5 :OPERATING EXPENSE FORECAST1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Fund 700 - Sewer Operations 7500 - Sewer Administration 700 7500 700 -75-7500-000-50410 Pension Expense 3 -$ -$ -$ -$ -$ -$ 700 7500 700 -75-7500-000-51510 Professional Support 2 - - - - - - 700 7500 700 -75-7500-000-51620 Audit Services 2 8,700 - - - - - 700 7500 700 -75-7500-000-51630 Contractual Services 2 6,185 5,288 5,552 5,722 5,898 6,079 700 7500 700 -75-7500-000-53165 Contra Capital Outlay 2 - - - - - - 700 7500 700 -75-7500-000-54110 Interfund Transfer Out 2 11,863 - - - - - 700 7500 700 -75-7500-000-54130 Fleet Service Charge 2 59,206 77,139 78,502 80,909 83,390 85,947 700 7500 700 -75-7500-000-54140 Facility Service Charge 2 134,639 216,418 232,659 239,793 247,145 254,723 700 7500 700 -75-7500-000-54145 Info Tech Service Charge 2 434,144 550,530 533,039 549,383 566,228 583,589 700 7500 700 -75-7500-000-54150 Overhead Charges 2 723,376 847,532 883,288 910,371 938,284 967,053 700 7500 700 -75-7500-000-54155 Liability Insurance Charges 2 401,933 430,902 452,735 466,617 480,924 495,669 700 7500 700 -75-7500-000-55110 Loss On Disposal Of F/A 2 - - - - - - 700 7500 700 -75-7500-000-56110 Amortization Expense 2 - - - - - - 700 7500 700 -75-7500-000-56120 Depreciation 2 - - - - - - 700 7500 700 -75-7500-000-57110 Debt Redemption 2 2,440,000 725,000 755,000 778,149 802,009 826,599 700 7500 700 -75-7500-000-57115 Debt Interest 2 904,708 1,519,000 1,489,400 1,535,067 1,582,134 1,630,645 700 7500 700 -75-7500-000-58115 Share Joint Venture Loss 2 - - - - - - 700 7500 700 -75-7500-000-58130 Claims 2 15,000 15,750 16,550 17,057 17,580 18,119 700 7500 700 -75-7500-000-55130 Cash Over Short 2 - - - - - - Subtotal - Sewer Administration 5,139,754$ 4,387,559$ 4,446,725$ 4,583,068$ 4,723,591$ 4,868,423$ DESCRIPTION ACCOUNT DESCRIPTION Basis Basis 5-Year Projected Rate Period 5-Year Projected Rate PeriodFUNDDIVISION FUND DIVISION ACCOUNT Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 1 (O&M), 7 of 34 Agenda Item No. 9.1 Packet Page 134 of 199 CITY OF GILROY Exhibit 1 - O&M SEWER RATE STUDY Operating Revenue and Expenses TABLE 6 :OPERATING EXPENSE FORECAST, cont.1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Fund 700 - Sewer Operations 7510 - Finance Sewer Utility Billing 700 7510 700 -75-7510-000-50110 Salaries 3 488,975$ 617,543$ 662,408$ 685,592$ 709,588$ 734,424$ 705 8010 700-75-7510-000-50110 Utility Billing Supervisor (Split: Water/Sewer)3 - - - - - - 700 7510 700 -75-7510-000-50120 Wages/Part Time 3 23,048 33,750 21,788 22,551 23,340 24,157 700 7510 700 -75-7510-000-50130 Overtime 3 14,000 10,000 10,000 10,350 10,712 11,087 700 7510 700 -75-7510-000-50150 Overtime Meals 3 41 - - - - - 700 7510 700 -75-7510-000-50203 Compensated Absences 3 - - - - - - 700 7510 700 -75-7510-000-50205 Workers Comp 3 2,163 2,563 2,689 2,783 2,880 2,981 700 7510 700 -75-7510-000-50210 Retirement (Full Time)3 52,305 73,492 76,644 79,326 82,103 84,976 700 7510 700 -75-7510-000-50212 Deferred Compensation 3 1,230 2,070 2,070 2,142 2,217 2,295 700 7510 700 -75-7510-000-50213 UAL Retirement 3 88,677 94,578 101,904 105,471 109,162 112,983 700 7510 700 -75-7510-000-50215 Retirement (Part Time)3 18 759 490 507 525 544 700 7510 700 -75-7510-000-50220 Medicare 3 7,976 9,595 10,077 10,430 10,795 11,172 700 7510 700 -75-7510-000-50225 Health Insurance Benefits 3 106,784 115,262 115,505 119,547 123,732 128,062 700 7510 700 -75-7510-000-50230 Life Insurance Benefits 3 824 794 821 850 879 910 700 7510 700 -75-7510-000-50235 Employee Assistance Prog 3 964 1,116 1,139 1,179 1,220 1,263 700 7510 700 -75-7510-000-50240 Unemployment Insurance 3 864 971 1,024 1,060 1,097 1,135 700 7510 700 -75-7510-000-50255 Misc Disability Insurance 3 1,030 1,307 1,307 1,353 1,400 1,450 700 7510 700 -75-7510-000-50260 Retiree Medical 3 - 900 900 932 964 998 700 7510 700 -75-7510-000-51110 Employee Training 2 - 3,400 3,400 3,504 3,612 3,722 700 7510 700 -75-7510-000-51120 Employee Travel, Food, Lodge 2 669 1,250 1,250 1,288 1,328 1,369 700 7510 700 -75-7510-000-51420 Telecommunications 2 - - - - - - 700 7510 700 -75-7510-000-51430 Postage 2 50 100 100 103 106 109 700 7510 700 -75-7510-000-51510 Professional Support 2 2,200 - - - - - 700 7510 700 -75-7510-000-51630 Contractual Services 2 119,000 66,025 67,825 69,905 72,048 74,257 700 7510 700 -75-7510-000-52110 Office/Computer Supplies 5 4,000 2,000 2,000 2,105 2,215 2,331 700 7510 700 -75-7510-000-52210 Repairs & Maintenance 2 - - - - - - 700 7510 700 -75-7510-000-50114 Earned Leave Cashout 2 6,787 - - - - - 700 7510 700 -75-7510-000-51230 Tuition 2 - - - - - - Subtotal - Finance Sewer Utility Billing 921,605$ 1,037,477$ 1,083,341$ 1,120,978$ 1,159,924$ 1,200,226$ Basis 5-Year Projected Rate PeriodFUNDDIVISIONACCOUNTDESCRIPTION Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 1 (O&M), 8 of 34 Agenda Item No. 9.1 Packet Page 135 of 199 CITY OF GILROY Exhibit 1 - O&M SEWER RATE STUDY Operating Revenue and Expenses TABLE 7 :OPERATING EXPENSE FORECAST, cont.1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Fund 700 - Sewer Operations 7520 - Sewer Operations 700 7520 700 -75-7520-000-50110 Salaries 3 1,313,539$ 1,826,894$ 1,972,608$ 2,041,649$ 2,113,107$ 2,187,066$ 700 7520 700-75-7520-000-50110 FT Engineer I/II 3 - - - - - - 700 7520 700 -75-7520-000-50120 Wages/Part Time 3 11,337 60,000 65,000 67,275 69,630 72,067 700 7520 700 -75-7520-000-50130 Overtime 3 50,154 50,000 50,000 51,750 53,561 55,436 700 7520 700 -75-7520-000-50150 Overtime Meals 3 - 1,000 1,000 1,035 1,071 1,109 700 7520 700 -75-7520-000-50203 Compensated Absences 3 - - - - - - 700 7520 700 -75-7520-000-50205 Workers Comp 3 58,511 66,947 70,795 73,273 75,838 78,492 700 7520 700 -75-7520-000-50210 Retirement (Full Time)3 136,961 218,375 229,291 237,317 245,623 254,219 700 7520 700 -75-7520-000-50215 Retirement (Part Time)3 156 1,350 1,463 1,514 1,567 1,621 700 7520 700 -75-7520-000-50220 Medicare 3 21,506 28,106 30,290 31,350 32,447 33,583 700 7520 700 -75-7520-000-50225 Health Insurance Benefits 2 240,740 375,906 377,348 388,918 400,842 413,133 700 7520 700 -75-7520-000-50230 Life Insurance Benefits 2 2,149 2,241 2,321 2,393 2,466 2,542 700 7520 700 -75-7520-000-50235 Employee Assistance Prog 2 2,446 3,097 3,159 3,256 3,355 3,458 700 7520 700 -75-7520-000-50240 Unemployment Insurance 2 2,798 2,915 3,096 3,191 3,288 3,389 700 7520 700 -75-7520-000-50255 Misc Disability Insurance 2 2,701 3,733 3,733 3,847 3,965 4,087 700 7520 7007520-50260 RETIREE MEDICAL 1,508 1,800 - - - - 700 7520 700 -75-7520-000-51110 Employee Training 2 - 40,000 40,000 41,226 42,491 43,793 700 7520 700 -75-7520-000-51120 Employee Travel, Food, Lodge 2 - 15,000 15,000 15,460 15,934 16,423 700 7520 700 -75-7520-000-51420 Telecommunications 2 1,939 2,500 2,500 2,577 2,656 2,737 700 7520 700 -75-7520-000-51430 Postage 2 - - - - - - 700 7520 700 -75-7520-000-51510 Professional Support 2 11,298 15,000 15,000 15,460 15,934 16,423 700 7520 700 -75-7520-000-51630 Contractual Services 2 227,332 806,000 550,000 566,864 584,245 602,158 700 7520 700 -75-7520-000-52110 Office/Computer Supplies 2 73 1,500 1,500 1,546 1,593 1,642 700 7520 700 -75-7520-000-52150 Department Supplies 2 8,582 10,000 10,000 10,307 10,623 10,948 700 7520 700 -75-7520-000-52210 Repairs & Maintenance 2 26,213 100,000 100,000 103,066 106,226 109,483 700 7520 700 -75-7520-000-52310 Equipment Rental 2 - 10,000 10,000 10,307 10,623 10,948 700 7520 700 -75-7520-000-53120 Equipment/Furniture 2 25,000 - - - - - 700 7520 700 -75-7520-000-54110 Interfund Transfer Out2 2 300,000 390,000 409,500 422,056 434,997 448,334 SCWRA Operational Costs 2 5,715,995 6,512,515 6,957,238 7,170,000 7,390,000 7,620,000 700 7520 700 -75-7520-000-50114 Earned Leave Cashout 2 11,460 - - - - - 700 7520 700 -75-7520-000-50212 Deferred Compensation 3 3,608 5,742 5,742 5,943 6,151 6,366 700 7520 700 -75-7520-000-50213 UAL Retirement 3 249,086 284,730 310,780 321,657 332,915 344,567 700 7520 700 -75-7520-000-50310 Apparel, Boots, Ppe 2 6,735 9,000 9,000 9,276 9,560 9,854 700 7520 700 -75-7520-000-51410 Utilities 2 2,765 6,000 6,000 6,184 6,374 6,569 700 7520 700 -75-7520-000-52710 Permits 2 39,747 25,000 25,000 25,767 26,557 27,371 700 7520 700 -75-7520-000-53135 Improvements 2 - - - - - - 700 7520 700 -75-7520-000-53142 Capital Improvement Plan See Exh 2 - - - - - - Subtotal - Sewer Operations 8,474,336$ 10,875,351$ 11,277,363$ 11,634,460$ 12,003,637$ 12,387,818$ Basis 5-Year Projected Rate PeriodFUNDDIVISIONACCOUNTDESCRIPTION Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 1 (O&M), 9 of 34 Agenda Item No. 9.1 Packet Page 136 of 199 CITY OF GILROY Exhibit 1 - O&M SEWER RATE STUDY Operating Revenue and Expenses TABLE 8 :OPERATING EXPENSE FORECAST, cont.1 Projected Actuals FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Fund 700 - Sewer Operations Additional Expenditures 700 7520 700-75-7520-000-53120 one-time vehicle purchases One-Time - 404,450 404,450 - - - Subtotal - Additional Expenditures -$ 404,450$ 404,450$ -$ -$ -$ GRAND TOTAL: SEWER EXPENSES 14,535,695$ 16,704,836$ 17,211,879$ 17,338,506$ 17,887,153$ 18,456,467$ TABLE 9 :FORECASTING ASSUMPTIONS Basis 2023 2024 2025 2026 2027 2028 Customer Growth4 1 --1.50%1.50%1.50%1.50%1.50% General Cost Inflation5 2 --3.07%3.07%3.07%3.07%3.07% Labor Cost Inflation6 3 --3.50%3.50%3.50%3.50%3.50% Energy7 4 --7.44%7.44%7.44%7.44%7.44% Fuel & Utilities8 5 --5.24%5.24%5.24%5.24%5.24% No Escalation 6 --0.00%0.00%0.00%0.00%0.00% 1. Revenue and expenses for FY 2022/23 through FY2024/25 provided by the City. Revenues and expenses for all other years are escalated based on the forecasting assumptions in Table 9. Source file: FY23 Budgets.xlsx . 2. These expenses are costs related to the ownership, operation, maintenance and use of the South County Regional Wastewater Authority (SCRWA) jointly owned by the City of Morgan Hill. Based on the JPA agreement, Gilroy is responsible for approx. 60% of these costs which are based on actual annual flow. 3. Expenses are inflated each year by the following annual inflation factor categories. 4. Customer growth is based on estimated service area population growth through FY 2044/45. Source file: Gilroy 2020 UWMP.pdf , page 3-9. 5. General cost inflation is based on the 5-year average annual change in the Consumer Price Index for all Urban Consumers in the San Francisco-Oakland-Hayward, CA area. 6. Labor cost inflation is based on the 5-year average annual change in the Quarterly Census of Employment and Wages for San Francisco County, CA. 7. Energy cost inflation is based on the 5-year average annual change in the Consumer Price Index for all Urban Consumers in the San Francisco-Oakland-Hayward, CA area. 8. Fuel & Utilities cost inflation is based on the 5-year average annual change in the Consumer Price Index - Average Price Data for Fuels and related products and power. This factor is used for utility costs other than electricity. 5-Year Projected Rate PeriodBasis INFLATION FACTORS3 FUND DIVISION ACCOUNT DESCRIPTION Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 1 (O&M), 10 of 34 Agenda Item No. 9.1 Packet Page 137 of 199 CITY OF GILROY Exhibit 2 - CIP SEWER RATE STUDY Capital Improvement Plan Expenditures TABLE 10 :CAPITAL FUNDING SUMMARY CAPITAL FUNDING FORECAST Budget FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Grants -$ -$ -$ -$ -$ -$ Use of Capacity Fee Reserves (to Fund Impact Fee Projects)- 75,401 335,906 211,300 755,038 2,840,381 Use of 2021 Revenue Bond Proceeds 1,130,904 4,000,000 - - - - Use of Capital Rehabilitation and Replacement Reserve - 94,914 2,909,287 3,719,540 1,623,527 1,500,000 Rate Revenue - 75,401 335,906 211,300 755,038 1,334,115 Total Sources of Capital Funds 1,130,904$ 4,245,716$ 3,581,099$ 4,142,140$ 3,133,603$ 5,674,496$ Uses of Capital Funds: Total Project Costs 1,130,904$ 4,245,716$ 3,581,099$ 4,142,140$ 3,133,603$ 5,674,496$ Capital Funding Surplus (Deficiency)-$ -$ -$ -$ -$ -$ 2021 Revenue Bond Proceeds (Per Capital Improvement Program)1 1,130,904$ 4,000,000$ -$ -$ -$ -$ Remaining 2021 Bond Proceeds 4,000,000$ -$ -$ -$ -$ -$ New Revenue Bond Proceeds (If needed)-$ -$ -$ -$ -$ -$ 1. Source file: 11. Adopted-CIP-FY21-FY25.pdf , page 77. CAPITAL IMPROVEMENT PROGRAM FUNDING OPTIONS 2 Policy Choice (CIP & Master Planned Project ONLY)2023 2024 2025 2026 2027 2028 1 Full Funding of CIP, at actual cost & timing $1,130,904 $5,560,420 $4,326,924 $5,241,120 $3,171,420 $3,778,820 2 75% Funding of CIP, at actual cost & timing $1,130,904 4,170,315 3,245,193 3,930,840 2,378,565 2,834,115 3 50% Funding of CIP, at actual cost & timing $1,130,904 2,085,158 1,622,597 1,965,420 1,189,283 1,417,058 4 No CIP - - - - - - Total Planned CIP through FY 2027/28 16,559,028$ Capital Improvement Program Funding Choice 2023 2024 2025 2026 2027 2028 Effective Annual Funding Amount 1,130,904$ 4,170,315$ 3,245,193$ 3,930,840$ 2,378,565$ 2,834,115$ TABLE 11 :CAPITAL IMPROVEMENT PROGRAM COSTS (in Current-Year Dollars ) - 5% inflation added to these projects (per Harjot) Project No.Description 2023 2024 2025 2026 2 2027 2028 Capital Improvement Program - Fiscal Year 2021 to Fiscal Year 2025 1 800490 Annual Citywide Sewer Repair and Rehabilitation 250,000$ 250,000$ 250,000$ 250,000$ 250,000$ 800510 Asbestos Cement Sewer Pipe Replacement Citywide - 265,629 1,008,600 - - 800530 Large Diameter Sewer Rehabilitation Citywide - 273,105 1,081,100 - - EN2403 Corporation Yard EV and EV Charging - 800550 Old Gilroy - Chestnut to Forest Sewer Upgrade 50,999 251,600 - - - SW2402 Joint Morgan Hill-Gilroy Trunk Line Repairs - 1,938,671 - 900720 Old Gilroy Street at Railroad Crossing Sewer Replacement - - - - 587,400 7520-53120 Vehicles/Equipment (operations budget transferred to CIP by NBS)- 404,450 404,450 - - - Subtotal - Capital Improvement Program -$ 2,644,120$ 1,444,784$ 2,339,700$ 250,000$ 837,400$ Subtotal - Master Plan Projects -$ 2,511,420$ 2,511,420$ 2,511,420$ 2,511,420$ 2,511,420$ Total - CIP & Master Plan Projects (Current Year Dollars)$0 $5,155,540 $3,956,204 $4,851,120 $2,761,420 $3,348,820 * Morgan Hill Contribution for the SCRWA expansion is approximately is $31.5M (FY 21-25). 5-Year Projected Rate Period Funding Sources: Insert policy choice in box to right, based on options listed above: Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 2 (CIP), 11 of 34 Agenda Item No. 9.1 Packet Page 138 of 199 CITY OF GILROY Exhibit 2 - CIP SEWER RATE STUDY Capital Improvement Plan Expenditures TABLE 12 :CAPITAL IMPROVEMENT PROGRAM COSTS (in Future-Year Dollars ) Inflation removed because 5% inflation already Included Project No.Description 2023 2024 2025 2026 2 2027 2028 Capital Improvement Program - Fiscal Year 2021 to Fiscal Year 2025 1 800490 Annual Citywide Sewer Repair and Rehabilitation -$ 250,000$ 250,000$ 250,000$ 250,000$ 250,000$ 800510 Asbestos Cement Sewer Pipe Replacement Citywide - - 265,629 1,008,600 - - 800530 Large Diameter Sewer Rehabilitation Citywide - - 273,105 1,081,100 - - EN2403 Corporation Yard EV and EV Charging - - - - - - 800550 Old Gilroy - Chestnut to Forest Sewer Upgrade - 50,999 251,600 - - - SW2402 Joint Morgan Hill-Gilroy Trunk Line Repairs - 1,938,671 - - - - 900720 Old Gilroy Street at Railroad Crossing Sewer Replacement - - - - - 587,400 7007520-54114TRF OUT SCRWA CIP (Transferred from Operations to CIP by NBS)1,130,904 404,880 370,720 390,000 410,000 430,000 7520-53120 New Vehicles (operations budget transferred to CIP by NBS)- 404,450 404,450 - - - Subtotal - Capital Improvement Program (in Future Year Dollars)1,130,904$ 3,049,000$ 1,815,504$ 2,729,700$ 660,000$ 1,267,400$ Sewer System Master Plan Projects 3 Gravity Main Improvements Santa Teresa - Long Meadow Subtrunk SLP-1 Santa Teresa Boulevard -$ 223,980$ 223,980$ 223,980$ 223,980$ 223,980$ Welburn Subtrunk WP-1 Welburn Avenue - 188,040 188,040 188,040 188,040 188,040 WP-2 Welburn Avenue - 82,980 82,980 82,980 82,980 82,980 Forest-Swanston Subtrunk FP-1 Loof Avenue - 127,200 127,200 127,200 127,200 127,200 FP-2 Forest Street - 225,220 225,220 225,220 225,220 225,220 Old Gilroy Subtrunk OP-1 Old Gilroy Street - 11,120 11,120 11,120 11,120 11,120 OP-2 Old Gilroy Street - 90,100 90,100 90,100 90,100 90,100 Uvas Park Subtrunk UP-1 Uvas Park Drive - 262,680 262,680 262,680 262,680 262,680 UP-2 Hoxett Street / ROW - 200,940 200,940 200,940 200,940 200,940 UP-3 Yorktown Drive - 223,600 223,600 223,600 223,600 223,600 UP-4 Greenwich Drive - 74,560 74,560 74,560 74,560 74,560 UP-5 Orchard Drive - 25,960 25,960 25,960 25,960 25,960 UP-6 W. 10th Street - 175,020 175,020 175,020 175,020 175,020 Thomas Subtrunk TP-1 London Place - 387,200 387,200 387,200 387,200 387,200 TP-2 Monterey Road - 212,820 212,820 212,820 212,820 212,820 Subtotal - Master Plan Projects (in Future Year Dollars)-$ 2,511,420$ 2,511,420$ 2,511,420$ 2,511,420$ 2,511,420$ Total - CIP & Master Plan Projects (in Future Year Dollars)1,130,904$ 5,560,420$ 4,326,924$ 5,241,120$ 3,171,420$ 3,778,820$ Impact Fee Projects 4 (in Future Year Dollars) 800520 Carmel-Dowdy Alley - Sixth to Seventh Sewer Replacement -$ 75,401$ 273,200$ -$ -$ -$ 800540 Monterey and Princeville Sewer Network - - - - 755,038 2,840,381 800560 Seventh St - Carmel-Dowdy to Hanna-Rosanna Alleys Sewer Repl. - - 62,706 211,300 - - 800570 Wastewater Treatment Plant Expansion (SCRWA)*- - - Subtotal - Impact Fee Projects (in Future Year Dollars)-$ 75,401$ 335,906$ 211,300$ 755,038$ 2,840,381$ Estimated Future Projects (Impact Fee Funded) Future Projects5 - - - - - - Total: Impact Fee Funded CIP (Future-Year Dollars)-$ 75,401$ 335,906$ 211,300$ 755,038$ 2,840,381$ Total - All (Impact Fee, CIP & Master Plan Projects) (Future Year Dollars)$1,130,904 $5,635,821 $4,662,830 $5,452,420 $3,926,458 $6,619,201 * City contribution - SCRWA TP Construction (bond funded)$17,840,994 $15,719,810 $1,867,896 (Bond-Funded) Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 2 (CIP), 12 of 34 Agenda Item No. 9.1 Packet Page 139 of 199 CITY OF GILROY Exhibit 2 - CIP SEWER RATE STUDY Capital Improvement Plan Expenditures TABLE 13 :FORECASTING ASSUMPTIONS Economic Variables 2023 2024 2025 2026 2027 2028 0.00%4.00%4.00%4.00%4.00%4.00% Cumulative Construction Cost Multiplier from 2023 1.00 1.04 1.08 1.12 1.17 1.22 1. Capital project costs provided by City Staff. Source file: 11. Adopted-CIP-FY21-FY25.pdf , pages 43, 60-77. 2. Capital projects beginning in FY 2025/26 are unfunded and identified in the City's Capital Improvement Program. These costs have been allocated over a 5-year period from FY 2025/26 through FY 2029/30. Source: 11. Adopted-CIP-FY21-FY25.pdf , pages 239-242. 3. Capital project costs are from the City's Draft Sewer System Master Plan (May 2022). Source file: Draft Water Master Plan.pdf , Table 8.2, pages 100-101. 4. Capital projects funded by impact fees. Source file: City of Gilroy Water_Sewer Operations and Impact FundsFY24_25.xlsx, CIP Worksheet. April 2023. 5. Future project costs beyond FY 2029/30 were calculated based on the City's 5-year average (FY24-28). 6. The project costs in future-year dollars have been inflated by 4% annually. 7. For reference purposes, the annual Construction Cost Inflation percentage is the 5-year average change in the Construction Cost Index for September 2017-2022 (4.0%). Source: Engineering News Record website (http://enr.construction.com ). Annual Construction Cost Inflation, Per Engineering News Record7 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 2 (CIP), 13 of 34 Agenda Item No. 9.1 Packet Page 140 of 199 CITY OF GILROY Exhibit 3 - Debt SEWER RATE STUDY Debt Service TABLE 14 :SEWER UTILITY EXISTING DEBT OBLIGATIONS EXISTING DEBT OBLIGATIONS Budget Annual Repayment Schedules:FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Wastewater Revenue Bonds, Series 2021A - Loan Amount $47,080,000 Principal Payment -$ 725,000$ 755,000$ 785,000$ 815,000$ 850,000$ Interest Payment 1,533,500 1,519,000 1,489,400 1,458,600 1,426,600 1,393,300 Subtotal: Annual Debt Service 1,533,500$ 2,244,000$ 2,244,400$ 2,243,600$ 2,241,600$ 2,243,300$ Coverage Requirement ($-Amnt above annual payment)2 1,840,200$ 2,692,800$ 2,693,280$ 2,692,320$ 2,689,920$ 2,691,960$ Reserve Requirement (total fund balance)3 -$ -$ -$ -$ -$ -$ Grand Total: Existing Annual Debt Service 1,533,500$ 2,244,000$ 2,244,400$ 2,243,600$ 2,241,600$ 2,243,300$ Grand Total: Existing Annual Coverage Requirement 1,840,200$ 2,692,800$ 2,693,280$ 2,692,320$ 2,689,920$ 2,691,960$ Grand Total: Existing Debt Reserve Target -$ -$ -$ -$ -$ -$ 1. Revenue bonds issued to finance the City's obligations for the capital improvements of the SCRWA Treatment Facility. Source file: 08. Official Statement.pdf . 2. The City must have net revenues that are at least equal to 1.2 times the annual debt service payment. Source file: 08. Official Statement.pdf. 4. Per the Official Statement, the City is not required to fund a debt service reserve. TABLE 15 :EXISTING ANNUAL DEBT OBLIGATIONS TO BE SATISFIED BY SEWER RATES Annual Obligations 2023 2024 2025 2026 2027 2028 Existing Annual Debt Service 1,533,500$ 2,244,000$ 2,244,400$ 2,243,600$ 2,241,600$ 2,243,300$ Existing Annual Coverage Requirement 1,840,200$ 2,692,800$ 2,693,280$ 2,692,320$ 2,689,920$ 2,691,960$ Existing Debt Reserve Target -$ -$ -$ -$ -$ -$ 5-Year Projected Rate Period Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 3 (Debt), 14 of 34 Agenda Item No. 9.1 Packet Page 141 of 199 CITY OF GILROY Exhibit 4 - Current Rates SEWER RATE STUDY Projected Sewer Rates Under Existing Rate Schedule TABLE 16 : CURRENT WASTEWATER RATE SCHEDULE Residential - Monthly Fixed Rate Single Family Residence $39.66 $46.64 $51.07 9%29% Multi-Family Residence $28.17 $33.13 $34.39 4%22% Non-Residential - Volumetric Monthly Charge ($/1,000 Gallons) Low Strength $6.30 $7.41 $8.36 13%33% Domestic Strength $7.83 $9.21 $9.51 3%21% Medium Strength $10.27 $12.08 $13.15 9%28% High Strength $15.84 $18.63 $21.56 16%36% Non-Residential - Monitoring & Pretreatment Program Base Rate Monthly Charges Significant/Categorical $210.00 $240.95 $287.19 19%37% Non-Significant/Categorical $83.00 $95.22 $114.64 20%38% Other Non-Residential $10.00 $11.47 $15.47 35%55% 1. City Website: https://www.cityofgilroy.org/DocumentCenter/View/8664/Water---Wasterwater-Rates-7-1-19pdf . % Change from 2015 to Proposed Wastewater Rate Schedule1 Current Rates (Adopted 7/1/2019) Rates from 2015 Rate Study Proposed Rates % Increase from Current to Proposed Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Exhibit 4 (Current Rates), 15 of 34 Agenda Item No. 9.1 Packet Page 142 of 199 CITY OF GILROY SEWER RATE STUDY Cost-of-Service Analysis TABLE 17 : CLASSIFICATION OF EXPENSES FOR COST OF SERVICE ANALYSIS Classification of Expenses FY 2023/24 (VOL)(BOD)(TSS)(DA)(CA)(VOL)(BOD)(TSS)(DA)(CA) Fund 700 - Sewer Operations 7500 - Sewer Administration Pension Expense -$ -$ -$ -$ -$ -$ 40.0%25.0%25.0%0.0%10.0% Professional Support - - - - - - 40.0%25.0%25.0%0.0%10.0% Audit Services - - - - - - 40.0%25.0%25.0%0.0%10.0% Contractual Services 5,288 2,115 1,322 1,322 - 529 40.0%25.0%25.0%0.0%10.0% Contra Capital Outlay - - - - - - 40.0%25.0%25.0%0.0%10.0% Interfund Transfer Out - - - - - - 40.0%25.0%25.0%0.0%10.0% Fleet Service Charge 77,139 30,856 19,285 19,285 - 7,714 40.0%25.0%25.0%0.0%10.0% Facility Service Charge 216,418 86,567 54,105 54,105 - 21,642 40.0%25.0%25.0%0.0%10.0% Info Tech Service Charge 550,530 495,477 - - - 55,053 90.0%0.0%0.0%0.0%10.0% Overhead Charges 847,532 339,013 211,883 211,883 - 84,753 40.0%25.0%25.0%0.0%10.0% Liability Insurance Charges 430,902 172,361 107,726 107,726 - 43,090 40.0%25.0%25.0%0.0%10.0% Loss On Disposal Of F/A - - - - - - 40.0%25.0%25.0%0.0%10.0% Amortization Expense - - - - - - 30.0%35.0%35.0%0.0%0.0% Depreciation - - - - - - 50.0%25.0%25.0%0.0%0.0% Debt Redemption 725,000 362,500 181,250 181,250 - - 50.0%25.0%25.0%0.0%0.0% Debt Interest 1,519,000 759,500 379,750 379,750 - - 50.0%25.0%25.0%0.0%0.0% Share Joint Venture Loss - - - - - - 40.0%25.0%25.0%0.0%10.0% Claims 15,750 6,300 3,938 3,938 - 1,575 40.0%25.0%25.0%0.0%10.0% Cash Over Short - - - - - - 40.0%25.0%25.0%0.0%10.0% Subtotal - Sewer Administration 4,387,559$ 2,254,689$ 959,257$ 959,257$ -$ 214,356$ 51.4%21.9%21.9%0.0%4.9% CustomerStrength Basis of Classification Direct Alloc. (Monitoring, Pretreat., etc.)Budget Categories Total Revenue Requirements Flow Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Funct. & Classification, 16 of 34 Agenda Item No. 9.1 Packet Page 143 of 199 CITY OF GILROY SEWER RATE STUDY Cost-of-Service Analysis TABLE 18 : CLASSIFICATION OF EXPENSES FOR COST OF SERVICE ANALYSIS, cont. Classification of Expenses FY 2023/24 (VOL)(BOD)(TSS)(DA)(CA)(VOL)(BOD)(TSS)(DA)(CA) Fund 700 - Sewer Operations 7510 - Finance Sewer Utility Billing Salaries 617,543$ 185,263$ 123,509$ 123,509$ -$ 185,263$ 30.0%20%20%0%30% Utility Billing Supervisor (Split: Water/Sewer)- - - - - - 30.0%20%20%0%30% Wages/Part Time 33,750 10,125 6,750 6,750 - 10,125 30.0%20%20%0%30% Overtime 10,000 3,000 2,000 2,000 - 3,000 30.0%20%20%0%30% Overtime Meals - - - - - - 30.0%20%20%0%30% Compensated Absences - - - - - - 30.0%20%20%0%30% Workers Comp 2,563 769 513 513 - 769 30.0%20%20%0%30% Retirement (Full Time)73,492 22,048 14,698 14,698 - 22,048 30.0%20%20%0%30% Deferred Compensation 2,070 621 414 414 - 621 30.0%20%20%0%30% UAL Retirement 94,578 28,373 18,916 18,916 - 28,373 30.0%20%20%0%30% Retirement (Part Time)759 228 152 152 - 228 30.0%20%20%0%30% Medicare 9,595 2,879 1,919 1,919 - 2,879 30.0%20%20%0%30% Health Insurance Benefits 115,262 34,579 23,052 23,052 - 34,579 30.0%20%20%0%30% Life Insurance Benefits 794 238 159 159 - 238 30.0%20%20%0%30% Employee Assistance Prog 1,116 335 223 223 - 335 30.0%20%20%0%30% Unemployment Insurance 971 291 194 194 - 291 30.0%20%20%0%30% Misc Disability Insurance 1,307 392 261 261 - 392 30.0%20%20%0%30% Employee Training 3,400 1,020 680 680 - 1,020 30.0%20%20%0%30% Employee Travel, Food, Lodge 1,250 375 250 250 - 375 30.0%20%20%0%30% Telecommunications - - - - - - 30.0%20%20%0%30% Postage 100 30 20 20 - 30 30.0%20%20%0%30% Professional Support - - - - - - 30.0%20%20%0%30% Contractual Services 66,025 19,808 13,205 13,205 - 19,808 30.0%20%20%0%30% Office/Computer Supplies 2,000 600 400 400 - 600 30.0%20%20%0%30% Repairs & Maintenance - - - - - - 30.0%20%20%0%30% Earned Leave Cashout - - - - - - 30.0%20%20%0%30% Tuition - - - - - - 30.0%20%20%0%30% Subtotal - Finance Sewer Utility Billing 1,036,577$ 310,973$ 207,315$ 207,315$ -$ 310,973$ 30%20%20%0%30% Strength Customer Basis of ClassificationBudget Categories Total Revenue Requirements Flow Direct Alloc. (Monitoring, Pretreat., etc.) Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Funct. & Classification, 17 of 34 Agenda Item No. 9.1 Packet Page 144 of 199 CITY OF GILROY SEWER RATE STUDY Cost-of-Service Analysis TABLE 19 : CLASSIFICATION OF EXPENSES FOR COST OF SERVICE ANALYSIS, cont. Classification of Expenses FY 2023/24 (VOL)(BOD)(TSS)(DA)(CA)(VOL)(BOD)(TSS)(DA)(CA) Fund 700 - Sewer Operations 7520 - Sewer Operations Salaries 1,826,894$ 858,640$ 456,724$ 456,724$ 54,807$ -$ 47%25%25%3%0% FT Engineer I/II - - - - - - 47%25%25%3%0% Wages/Part Time 60,000 28,200 15,000 15,000 1,800 - 47%25%25%3%0% Overtime 50,000 23,500 12,500 12,500 1,500 - 47%25%25%3%0% Overtime Meals 1,000 470 250 250 30 - 47%25%25%3%0% Compensated Absences - - - - - - 47%25%25%3%0% Workers Comp 66,947 31,465 16,737 16,737 2,008 - 47%25%25%3%0% Retirement (Full Time)218,375 102,636 54,594 54,594 6,551 - 47%25%25%3%0% Retirement (Part Time)1,350 635 338 338 41 - 47%25%25%3%0% Medicare 28,106 13,210 7,027 7,027 843 - 47%25%25%3%0% Health Insurance Benefits 375,906 176,676 93,976 93,976 11,277 - 47%25%25%3%0% Life Insurance Benefits 2,241 1,053 560 560 67 - 47%25%25%3%0% Employee Assistance Prog 3,097 1,456 774 774 93 - 47%25%25%3%0% Unemployment Insurance 2,915 1,370 729 729 87 - 47%25%25%3%0% Misc Disability Insurance 3,733 1,754 933 933 112 - 47%25%25%3%0% RETIREE MEDICAL 1,800 846 450 450 54 - 47%25%25%3%0% Employee Training 40,000 18,800 10,000 10,000 1,200 - 47%25%25%3%0% Employee Travel, Food, Lodge 15,000 7,050 3,750 3,750 450 - 47%25%25%3%0% Telecommunications 2,500 1,175 625 625 75 - 47%25%25%3%0% Postage - - - - - - 47%25%25%3%0% Professional Support 15,000 7,050 3,750 3,750 450 - 47%25%25%3%0% Contractual Services 806,000 378,820 201,500 201,500 24,180 - 47%25%25%3%0% Office/Computer Supplies 1,500 705 375 375 45 - 47%25%25%3%0% Department Supplies 10,000 4,700 2,500 2,500 300 - 47%25%25%3%0% Repairs & Maintenance 100,000 47,000 25,000 25,000 3,000 - 47%25%25%3%0% Equipment Rental 10,000 4,700 2,500 2,500 300 - 47%25%25%3%0% Equipment/Furniture - - - - - - 47%25%25%3%0% Interfund Transfer Out2 390,000 234,000 78,000 78,000 - - 60%20%20%0%0% SCWRA Oper. Costs (less Monit., Sampl., Pre-Tr.Costs)6,146,815 2,889,003 1,536,704 1,536,704 184,404 - 47%25%25%3%0% Monitoring, Sampling, Pretreatment (Non-Resid. Costs)365,700 - - - 365,700 - 0%0%0%100%0% Earned Leave Cashout - - - - - - 47%25%25%3%0% Deferred Compensation 5,742 2,699 1,436 1,436 172 - 47%25%25%3%0% UAL Retirement 284,730 133,823 71,182 71,182 8,542 - 47%25%25%3%0% Apparel, Boots, Ppe 9,000 4,230 2,250 2,250 270 - 47%25%25%3%0% Utilities 6,000 2,820 1,500 1,500 180 - 47%25%25%3%0% Permits 25,000 11,750 6,250 6,250 750 - 47%25%25%3%0% Improvements - - - - - - 47%25%25%3%0% Subtotal - Wastewater Environmental Compliance 10,875,351$ 4,990,236$ 2,607,913$ 2,607,913$ 669,290$ -$ 46%24%24%6%0% Budget Categories Total Revenue Requirements Flow Strength Customer Basis of Classification Direct Alloc. (Monitoring, Pretreat., etc.) Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Funct. & Classification, 18 of 34 Agenda Item No. 9.1 Packet Page 145 of 199 CITY OF GILROY SEWER RATE STUDY Cost-of-Service Analysis TABLE 20 : CLASSIFICATION OF EXPENSES FOR COST OF SERVICE ANALYSIS, cont. Classification of Expenses, cont. FY 2023/24 (VOL)(BOD)(TSS)(DA)(CA)(VOL)(BOD)(TSS)(DA)(CA) Debt Service Payments Outstanding Debt 2,244,000 1,029,676 538,112 538,112 138,100 - 46%24%24%6%0% New Debt Issue - SRF Loan - - - - - - 50%25%25%0%0% New Debt Issue - Revenue Bond - - - - - - 50%25%25%0%0% Total Debt Service Payments 2,244,000$ 1,029,676$ 538,112$ 538,112$ 138,100$ -$ 46%24%24%0%0% Capital Expenditures Rate Funded Capital Expenses 75,401$ 34,598$ 18,081$ 18,081$ 18,081$ -$ 46%24%24%0%0% TOTAL REVENUE REQUIREMENTS 18,618,887$ 8,620,172$ 4,330,678$ 4,330,678$ 825,471$ 525,329$ 46%23%23%4%3% Less: Non-Rate Revenues Other Revenue: Misc. Revenue & Interest Earnings2 (649,871)$ (298,198)$ (155,839)$ (155,839)$ (39,994)$ -$ 46%24%24%6%0% Interfund Transfer In (2,244,000) (1,346,400) (448,800) (448,800) - - 60%20%20%0%0% NET REVENUE REQUIREMENTS 15,725,016$ 6,975,574$ 3,726,039$ 3,726,039$ 785,476$ 525,329$ Allocation of Revenue Requirements 100.0%44.4%23.7%23.7%5.0%3.3% 100.0%44.0%24.0%24.0%5.0%3.0% TABLE 21 : NET REVENUE REQUIREMENTS INCLUDING RATE INCREASE Adjustment to Current Rate Level:Total (VOL)(BOD)(TSS)(DA)(CA) Projected Rate Revenue at Current Rates 13,512,000$ FY 2023/24 Projected Rate Increase 4% Additional Rate Revenue from Rate Increase 540,480$ Adjusted Net Revenue Req'ts 14,052,480$ 6,183,091$ 3,372,595$ 3,372,595$ 702,624$ 421,574$ FY 2023/24 Target Rate Rev. After Rate Incr. (From Fin. Plan)14,052,480$ Percent of Revenue 44.0%24.0%24.0%5.0%3.0% Strength Customer Basis of Classification Direct Alloc. (Monitoring, Pretreat., etc.) Allocations of COSA (Rounded) Flow Budget Categories Total Revenue Requirements Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Funct. & Classification, 19 of 34 Agenda Item No. 9.1 Packet Page 146 of 199 CITY OF GILROY SEWER RATE STUDY Cost-of-Service Analysis TABLE 22 : DEVELOPMENT OF THE FLOW ALLOCATION FACTOR Customer Class Consumption (TG/year)1 Number of Dwelling Units / Accounts2 Winter Consumption (Dec-Feb '21)3 Annualized Winter Consumption Adjusted Annual Volume (gallons)3 Percentage of Adjusted Volume Residential Customers Single-Family Residence 1,135,486 12,330 201,429 805,715 805,715,371 61.6%5.4 TG/mo. Multi-Family Residence4 218,620 4,585 49,505 198,022 198,021,843 15.1%3.6 TG/mo. Non-Residential Customers Low Strength 77,640 427 77,640,000 5.9% Domestic Strength 98,610 253 98,610,000 7.5% Medium Strength 53,149 55 53,149,000 4.1% High Strength 74,067 128 74,067,000 5.7% Total: 1,657,571 17,778 250,934 1,003,737 1,307,203,214 100.0% 1. Consumption data for residential customers is not available. Calculation of estimated consumption available in source file: FY 2021-22 Billing Journal Totals by Service v7.xlsx. 2. SFR and MFR customers are based on the number of dwelling units and all other customers are based on the number of accounts. 3. Annual consumption for all customer classes based on 12 months of water consumption. 4. MFR dwelling units provided by the City. Source file: MFR Units.xlsx . TABLE 23 : DEVELOPMENT OF THE STRENGTH ALLOCATION FACTOR 205 Customer Class Average Strength Factor (mg/l)1 Calculated BOD (lbs./yr.) Adjusted BOD (lbs./yr.) Percent of Total Average Strength Factor (mg/l)1 Calculated TSS (lbs./yr.) Adjusted BOD (lbs./yr.) Percent of Total Residential Customers Single-Family Residence 805,715,371 205 1,377,532 2,755,063 51.4%205 1,377,532 1,744,176 51.4%Used strength for Residential from Appendix G Multi-Family Residence 198,021,843 205 338,558 677,116 12.6%205 338,558 428,669 12.6%Used strength for Residential from Appendix G Non-Residential Customers Low Strength 77,640,000 167 108,135 216,271 4.0%167 108,135 136,917 4.0%Used strength for Residential from Appendix G Domestic Strength 98,610,000 225 185,042 370,083 6.9%225 185,042 234,293 6.9%Used strength for Residential from Appendix G Medium Strength 53,149,000 400 177,305 354,610 6.6%400 177,305 224,497 6.6%Used strength for Hotel/Motel without Dining from Appendix G High Strength 74,067,000 800 494,175 988,350 18.4%800 494,175 625,705 18.4%Used strength for Industrial Laundry from Appendix G Total: 1,307,203,214 2,680,747 5,361,493 100.0%2,680,747 3,394,256 100.0% Total Annual from WWTP Data 5,361,493 BOD (lbs./yr.)3,394,256 TSS (lbs./yr.) 2.00 BOD Adj. Factor 1.27 TSS Adj. Factor 1. Avg. strength factors for BOD and TSS are from the CA State Water Resources Control Board, Revenue Program Guidelines (Appendix G), March 1998 Edition. Annual Flow (gallons) Biochemical Oxygen Demand (BOD)Total Suspended Solids (TSS) Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Allocation Factors, 20 of 34 Agenda Item No. 9.1 Packet Page 147 of 199 CITY OF GILROY SEWER RATE STUDY Cost-of-Service Analysis TABLE 24 : DEVELOPMENT OF THE CUSTOMER ALLOCATION FACTOR Customer Class Number of Dwelling Units / Accounts Percent of Total Residential Customers Single-Family Residence 12,330 66.2% Multi-Family Residence 4,585 24.6% Non-Residential Customers - Strength Classes Low Strength 427 2.29% Domestic Strength 253 1.36% Medium Strength 55 0.30% High Strength 128 0.69% Non-Residential Customers - Categorical Classes Significant/Categorical 6 0.03% Non-Significant/Categorical 458 2.46% Other Non-Residential 387 2.08% Total: 18,628 100.0% Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Allocation Factors, 21 of 34 Agenda Item No. 9.1 Packet Page 148 of 199 CITY OF GILROY SEWER RATE STUDY Cost-of-Service Analysis TABLE 25 : ALLOCATION OF SEWER REVENUE REQUIREMENTS Add Alt. 1 and 2 Commodity-Related Costs 6,183,091$ 44.0% Capacity-Related Costs 6,745,190 48.0% Monit., Sampl., Pretreat. (Non-Resid. Costs) 702,624 5.0% Customer-Related Costs 421,574 3.0% Net Revenue Requirement 14,052,480$ 100.0% 1. Reflects COSA calculation of the fixed and volumetric charges. See Funct. & Classification tab. TABLE 26 : ALLOCATION OF NET REVENUE REQUIREMENTS TO CUSTOMER CLASSES COSA Results - Net Revenue Requirement (Including Rate Increases) $Alloca. % Residential Customers Single-Family Residence 3,811,046$ 1,733,046$ 1,733,046$ 279,038$ 7,556,175$ 53.8% Multi-Family Residence 936,646 425,933 425,933 103,762 1,892,275 13.5% Non-Residential Customers Low Strength 367,238$ 136,043$ 136,043$ 9,663$ 648,988$ 4.6% Domestic Strength 466,427 232,797 232,797 5,726 937,747 6.7% Medium Strength 251,396 223,064 223,064 1,245 698,768 5.0% High Strength 350,338 621,712 621,712 2,897 1,596,659 11.4% Non-Residential Customers (Monitoring, Sampling, Pretreatment Costs Only)Fixed Charge Rev. Reqts. Significant/Categorical $20,542 2.9%136 $20,678 0.1% Non-Significant/Categorical $619,036 88.1%10,354 $629,390 4.5% Other Non-Residential $63,046 9.0%8,754 $71,800 0.5% Total 6,183,091$ $3,372,595 $3,372,595 702,624$ 421,574$ 14,052,480$ 100.0% 1. Non-Residential Customers (Monitoring, Sampling, Pretreatment Costs are allocated on the basis of current/historical share of this program. - Cost of Service Net Rev. Req'ts. % of COS Net Revenue Req'ts. Classification Components COSA Results - Net Rev. Reqts. (49% Fixed / 51% Vol.) Cost Classification Components Direct Allocation (Monitoring, Pretreat., etc.) TSSBOD Customer Class Commodity Customer Capacity Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 COSA - Sewer Rates, 22 of 34 Agenda Item No. 9.1 Packet Page 149 of 199 CITY OF GILROY SEWER RATE STUDY Cost-of-Service Analysis TABLE 27 : CALCULATION OF PROPOSED SEWER RATES Rate Alt. 1 (COSA Fixed Rev. = 26%) Total Fixed Volumetric Residential - Monthly Fixed Rate Single-Family Residence 12,330 805,715,371 7,556,175$ 7,556,175$ $51.07 Multi-Family Residence 4,585 198,021,843 1,892,275 1,892,275 $34.39 Non-Residential Customers Low Strength 427 77,640,000 648,988$ 648,988$ $8.36 Domestic Strength 253 98,610,000 937,747 937,747 $9.51 Medium Strength 55 53,149,000 698,768 698,768 $13.15 High Strength 128 74,067,000 1,596,659 1,596,659 $21.56 Total 17,778 ############13,330,612$ 9,448,450$ 3,882,162$ Non-Residential Customers (Monitoring, Sampling, Pretreatment Costs Only) Significant/Categorical3 6 $20,678 20,678$ $287.19 Non-Significant/Categorical3 458 629,390 629,390 $114.64 Other Non-Residential3 387 71,800 71,800 $15.47 Percent of Non-Resid . Rev. from Fixed vs. Vol. Charges 100.0%0.0%100.0% 1. SFR and MFR customers are based on the number of dwelling units and all other customers are based on the number of accounts. 2. Residential customer consumption is the annualized average winter water consumption. Non-residential customers is total annual consumption. 3. Number of accounts estimated by dividing the annual fixed charge revenues by the current fixed charges ($/account/month). Also, the Significant, Non-Significant and Other Non-Residential accounts are included in the non-residential strength classes. They are shown here only for the calculation of the Monitoring, Sampling, and Pre-Treatment fixed charges. Volumetric Charge ($/1,000 Gal.) Customer Class No. of Dwelling Units / Accounts1 Annualized Consumption (Gallons)2 Annual Revenue Requirement Mo. Fixed Charge Per EDU (Resid.) or Account (Non- Resid) Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 COSA - Sewer Rates, 23 of 34 Agenda Item No. 9.1 Packet Page 150 of 199 CITY OF GILROY SEWER RATE STUDY Cost-of-Service Analysis & Rate Design TABLE 28 : CURRENT VS. PROPOSED SEWER RATES Rate Alt. 1 (COSA Fixed Rev. = 26%) FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28 Monthly Fixed Charge Residential (100% Fixed) Single-Family Residence $46.64 $51.07 $53.11 $55.24 $57.45 $59.74 Multi-Family Residence $33.13 $34.39 $35.77 $37.20 $38.69 $40.23 Non-Residential Volumetric Rates Low Strength $7.41 $8.36 $8.69 $9.04 $9.40 $9.78 Domestic Strength $9.21 $9.51 $9.89 $10.29 $10.70 $11.12 Medium Strength $12.08 $13.15 $13.67 $14.22 $14.79 $15.38 High Strength $18.63 $21.56 $22.42 $23.32 $24.25 $25.22 Non-Residential - Monitoring & Pretreatment Program Base Rate Monthly Charges Significant/Categorical $240.95 $287.19 $298.68 $310.63 $323.05 $335.98 Non-Significant/Categorical $95.22 $114.64 $119.22 $123.99 $128.95 $134.11 Other Non-Residential $11.47 $15.47 $16.09 $16.73 $17.40 $18.09 Note: The City recently transitioned from July1-June 30 fiscal years to calendar years (January to December). Sewer Rate Schedule Current Rates Proposed Sewer Rates Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Current & Proposed Rates, 24 of 34 Agenda Item No. 9.1 Packet Page 151 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 SFR 5-Yr, 25 of 34 $46.64 $46.64 $46.64 $46.64 $46.64 $51.07 $53.11 $55.24 $57.45 $59.74 $0 $10 $20 $30 $40 $50 $60 $70 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) SFR - Sewer Bill Comparison Current vs. Proposed Rates SFR Bill - Current Rates SFR Bill - Proposed Rates Agenda Item No. 9.1 Packet Page 152 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 MFR Bill 5-Yr, 26 of 34 $33.13 $33.13 $33.13 $33.13 $33.13$34.39 $35.77 $37.20 $38.69 $40.23 $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 $50 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) Multi-Family Residential Sewer Bill Comparison Current vs. Alternative Rates (3.6 TG/Mo.) MFR Bill - Current Rates MFR Bill - Proposed Rates Agenda Item No. 9.1 Packet Page 153 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Low-Strngth 1-Yr, 27 of 34$29.64$66.69$105.96$148.20$222.30$33.44$75.23$119.53$167.18$250.77$0 $50 $100 $150 $200 $250 $300 4 hcf 9 hcf 14 hcf 20 hcf 30 hcfMonthly BillMonthly Water Consumption (HCF) Low-Strength Commercial Sewer Bill Comparison Current vs. Alternative Rates FY'23/24 (14.3 TG/Mo.) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 154 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Low-Strength 5-Yr, 28 of 34 $106.31 $106.31 $106.31 $106.31 $106.31 $119.92 $124.72 $129.71 $134.90 $140.29 $0 $20 $40 $60 $80 $100 $120 $140 $160 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) Low-Strength Commercial Sewer Bill Comparison Current vs. Proposed Rates (28 TG/Mo.) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 155 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Dom-Strngth 1-Yr, 29 of 34$73.68$165.78$257.88$349.98$442.08$76.08$171.17$266.27$361.37$456.46$0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 8 hcf 18 hcf 28 hcf 38 hcf 48 hcfMonthly BillMonthly Water Consumption (HCF) Domestic-Strength Commercial Sewer Bill Comparison Current vs. Alternative Rates FY'23/24 (14.3 TG/Mo.) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 156 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Dom-Strength 5-Yr, 30 of 34 $260.83 $260.83 $260.83 $260.83 $260.83$269.31 $280.09 $291.29 $302.94 $315.06 $0 $50 $100 $150 $200 $250 $300 $350 $400 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) Domestic-Strength Commercial Sewer Bill Comparison Current vs. Proposed Rates (28 TG/Mo.) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 157 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Med Strength 5-Yr, 31 of 34 $868.37 $868.37 $868.37 $868.37 $868.37 $945.10 $982.90 $1,022.21 $1,063.10 $1,105.63 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) Medium-Strength Commercial Sewer Bill Comparison Current vs. Proposed Rates (72 TG/Mo.) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 158 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 Med-Strength 23-24, 32 of 34$265.76$567.76$869.76$1,171.76$1,473.76$289.24$617.93$946.61$1,275.29$1,603.98$0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 22 hcf 47 hcf 72 hcf 97 hcf 122 hcfMonthly BillAvg. Winter Consumption Medium-Strength Commercial Sewer Bill Comparison Current vs. Rate Alternatives (FY'23/24) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 159 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 High-Strength 5-Yr, 33 of 34 $812.78 $812.78 $812.78 $812.78 $812.78 $940.48 $978.10 $1,017.22 $1,057.91 $1,100.23 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 FY 2027/28Monthly BillMonthly Water Consumption (HCF) High-Strength Commercial Sewer Bill Comparison Current vs. Proposed Rates (43 TG/Mo.) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 160 of 199 Prepared by NBS www.nbsgov.com | Toll-Free: 800.676.7516 High-Strength 23-24, 34 of 34$260.82$540.27$819.72$1,099.17$1,378.62$301.80$625.15$948.51$1,271.86$1,595.21$0 $250 $500 $750 $1,000 $1,250 $1,500 $1,750 14 hcf 29 hcf 44 hcf 59 hcf 74 hcfMonthly BillAvg. Winter Consumption High-Strength Commercial Sewer Bill Comparison Current vs. Rate Alternatives (FY'23/24) Current Rates Proposed Rates Agenda Item No. 9.1 Packet Page 161 of 199 10.1.Recommendations for Updates/Improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park 1. Staff Report: 2. Public Comment 3. Possible Action: Discussion and direction regarding proposed updates/improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park. Agenda Item No. 10.1 Packet Page 162 of 199 Page 1 of 6 City of Gilroy STAFF REPORT Agenda Item Title:Recommendations for Updates/Improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park Meeting Date:October 16, 2023 From:Jimmy Forbis, City Administrator Department:Administration Submitted By:Jimmy Forbis, City Administrator Prepared By:Jimmy Forbis, City Administrator STRATEGIC PLAN GOALS Maintain and Improve City Infrastructure RECOMMENDATION Discussion and direction regarding proposed updates/improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park. BACKGROUND In September 2019 a temporary memorial to the victims of the Gilroy Garlic Festival shooting was erected to honor the three deaths and 17 wounded on July 28, 2019. At the time, the memorial, designed by Gilroy landscape artist Karen Aitken, was originally intended to be a temporary memorial located on the ranch side of Christmas Hill Park. A plan for a permanent memorial never developed; thus, on October 19, 2020, the City Council declared that the temporary memorial would be designated as the permanent memorial going forward. The memorial, in its current form, is comprised of a large palm tree and three flag-laden ropes going from the tree to a ranch-style fence. There is also landscaping and a plaque memorializing the three victims who lost their lives on that date - Stephen Romero, Keyla Salazar, and Trevor Irby. On September 11, 2023, staff returned to the Council to provide a report and receive feedback on repairs and upgrades to the Gilroy Garlic Festival Memorial (GGFM). Feedback from the Council at the meeting included for staff to prepare a concept based on the following: Agenda Item No. 10.1 Packet Page 163 of 199 Recommendations for Updates/Improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park City of Gilroy City Council Page 2 of 6 October 16, 2023 •Garden only. •Plan for a raised monument. •Remove the draped ropes. •Evaluate options for removing the existing palm tree and installation of three replacement trees. •Evaluate possible hardscape to help control the squirrels. •Look at the possibility of a bench being added. Based on feedback from that meeting, staff is proposing to undertake work as described below. ANALYSIS Memorial Presently, the GGFM features a memorial plaque placed at ground level, flat along the ground in front of the garden area. Staff is proposing that an additional memorial be placed, but with a vertical alignment that can be easily seen and apparent with a raised profile. To do so, staff is proposing a concrete monument to be created with a visible profile to those walking up towards the memorial. The proposed monument would be 30” high, 30” wide, and 6-8" deep. The memorial would include a base at the bottom and be constructed on a concrete pad to be installed by the City, with a total depth of 6”-8" and being brought flush with ground level. The memorial will feature an inscription that is discussed below. The monument would be a solid block of concrete with the inscription carved into a finished face for the memorial, facing out from the GGFM towards the southeast. This memorial type is durable and is resistant to theft or relocation. The estimate for such a monument is approximately $2,000. An example of a concrete monument, though not the same dimensions or the proposed message design, is below. Agenda Item No. 10.1 Packet Page 164 of 199 Recommendations for Updates/Improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park City of Gilroy City Council Page 3 of 6 October 16, 2023 The design of the memorial is a simple proposed inscription, with center aligned text. A conceptual mock-up of the added memorial is below. The foundation will be installed by City staff with City materials. The foundation is necessary to support the upright design and help resist against wind or other external force that may push against the face or back of the memorial. Agenda Item No. 10.1 Packet Page 165 of 199 Recommendations for Updates/Improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park City of Gilroy City Council Page 4 of 6 October 16, 2023 Trees One of the issues of discussion has been the presence of a palm tree at the GGFM. The concerns raised include: 1) the maintenance requirements of the tree, including the care and trimming of the tree to reduce the fronds that drop from the tree into the garden, and the difficulty of maintaining the tree overall; and 2) the palm tree is not a species that is indigenous to the area. Despite these factors, staff does not currently recommend removing the palm tree due to the large root structure underneath, which, when removed, may damage the GGFM garden. Instead, staff will be working with the City’s tree maintenance contractor to address the fronds from the palm tree and maintain the tree and clearance of any fronds in a clean and well-ordered manner. Additionally, staff is able to secure the donation of four oak trees that may be used around the GGFM. Staff is proposing the installation of these trees, which would be donated by Google, to the sides of the GGFM. The trees would be too large to install within the GGFM but would still provide shade in the afternoon to the memorial area when fully matured. This is a general park improvement and not necessarily tied to the GGFM update. Ropes and posts The existing GGFM includes a series of three ropes that are draped and bound around the palm tree and lead out to three posts at the corners of the memorial area. While part of the initial temporary design, the ropes represent an ongoing maintenance and replacement need. The ropes, being exposed to the weather of winter rains and summer heat, will continue to deteriorate, including any new ropes that are installed as replacements. Because of the longevity issues of using ropes draped over the GGFM, staff is proposing the removal of the ropes from the tree and removing the corner posts without replacement. If the plants currently in place are dependent upon the posts to survive, they will be removed as well. Benches Staff has looked into options for a bench, as well as a picnic table. Staff is not recommending to have any form of bench or table due to issues regarding trash accumulation, vandalism, and use of such seating as a sleeping area, something experienced in other parks and locations. Hardscape for squirrels Staff has researched hardscapes that can help deter squirrel activity in the garden. Research has indicated that there are not many options aside from fencing areas (chicken wire, rabbit fencing, hardware cloth, etc.) and landscaping with rocks due to the adaptability of squirrels at overcoming hindrances and the need for the public and staff to access the gardens. Staff is not recommending these options, due to access issues, fundamental changes to the memorial garden, and the increase in cost needed to make these changes. Staff will continue researching non-hardscape options, which Agenda Item No. 10.1 Packet Page 166 of 199 Recommendations for Updates/Improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park City of Gilroy City Council Page 5 of 6 October 16, 2023 might help deter squirrels and other rodents that may attempt to enter the memorial garden. Conceptual drawing Below is a rough, conceptual drawing of staff’s proposed layout. The image shows the site of the new vertical monument at the front of the memorial garden and the addition of the four trees. No changes are proposed to the garden itself. ALTERNATIVES The City Council may issue any direction regarding the recommendations proposed for the work to be done at the GGFM. No specific alternative is currently available for analysis. FISCAL IMPACT/FUNDING SOURCE The proposed improvements are estimated to cost $2,000, depending upon final quote prices and shipping charges. The trees are coming from donations and do not contribute to the cost. These funds would come from the City’s General Fund in the Agenda Item No. 10.1 Packet Page 167 of 199 Recommendations for Updates/Improvements to the Gilroy Garlic Festival Memorial at Christmas Hill Park City of Gilroy City Council Page 6 of 6 October 16, 2023 Parks and Landscaping Division budget. No budget amendment is requested, as the costs can be absorbed within existing appropriations. PUBLIC OUTREACH This item has been discussed previously at the September 11, 2023 City Council Regular Meeting. The item was also included in the publicly posted agenda. Once any direction is received regarding the proposed improvements, staff will engage the public through our Communications and Engagement Office, specifically through social media and the weekly e-newsletter. NEXT STEPS Once any final direction is received, staff will commence with the improvements. Agenda Item No. 10.1 Packet Page 168 of 199 11.1.Authorize the City Administrator to Enter into a Three-Year Service Agreement with the County of Santa Clara for Animal Sheltering Services for the Period of July 1, 2023, through June 30, 2026 1. Staff Report: 2. Public Comment 3. Possible Action: Authorize the City Administrator to sign a three-year service agreement with the County of Santa Clara for Animal Sheltering Services from July 1, 2023, through June 30, 2026. Agenda Item No. 11.1 Packet Page 169 of 199 Page 1 of 3 City of Gilroy STAFF REPORT Agenda Item Title:Authorize the City Administrator to Enter into a Three-Year Service Agreement with the County of Santa Clara for Animal Sheltering Services for the Period of July 1, 2023, through June 30, 2026 Meeting Date:October 16, 2023 From:Jimmy Forbis, City Administrator Department:Police Submitted By:Pedro Espinoza, Police Chief Prepared By:Patricia Vigil, Management Analyst STRATEGIC PLAN GOALS Ensure Neighborhood Equity from City Services RECOMMENDATION Authorize the City Administrator to sign a three-year service agreement with the County of Santa Clara for Animal Sheltering Services from July 1, 2023, through June 30, 2026. EXECUTIVE SUMMARY The County of Santa Clara (County) provides animal sheltering services to the City of Gilroy (City). The County provides sheltering services for abandoned, impounded, lost, or stray domestic animals, monitoring of quarantined animals, euthanasia of animals deemed unfit for adoption, and low-cost spay/neuter services to residents of the unincorporated areas of Santa Clara County. BACKGROUND In late May, Santa Clara County (SCC) advised the Gilroy Police Department (GPD) of their intent to provide an updated Animal Sheltering Services Agreement, which was ultimately provided to the City on June 15, 2023. The City desires to secure animal sheltering services for domestic animals found within Gilroy's incorporated area for the three fiscal years 2023, 2024, and 2025. The County has the necessary skills to provide sheltering services and veterinary care for such animals during normally staffed hours, Agenda Item No. 11.1 Packet Page 170 of 199 Authorize the City Administrator to Enter into a Three-Year Service Agreement with the County of Santa Clara for Animal Sheltering Services for the Period of July 1, 2023, through June 30, 2026 City of Gilroy City Council Page 2 of 3 October 16, 2023 Monday-Friday, 8:00 a.m. to 6:00 p.m., and Saturday and Sunday, 8:00 a.m. to 5:00 p.m. No services are provided on County holidays; however, kennels are available to GPD staff to secure animals based on the availability of kennels. Other veterinary offices provide veterinarian services outside of the normal animal shelter staffed hours at the City’s expense. The Police Department has four Community Services Officers (CSO) positions authorized. One of those CSO job functions is to serve as the Animal Control Officer (ACO). The ACO's responsibilities are to respond to calls for service regarding barking dogs, loose/off-leash dogs, dog fights, investigations of animal neglect/cruelty by owners, dog bites, educating the community of the Gilroy Municipal Code (GMC) regarding animals, and the issuance of citations for failure to follow the GMC. Other CSO staff, Detention Service Officers, and Police Officers are cross-trained in ACO duties if the primary ACO is not scheduled to work, is out ill, or is on vacation or training. This service model allows for an expeditious and enhanced level of customer service to the community and increases customer satisfaction. ANALYSIS During FY23, the County of Santa Clara Animal Services took in 4,307 animals. Of those, 919 were intakes from Gilroy, or 21% of the total intake of domestic animals. As such, the County has trued up its costs to account for the City’s intake of animals. As part of the Animal Sheltering Services Agreement, the County shall provide the following services: •Sheltering of abandoned, impounded, lost, or stray domestic animals found in the incorporated areas of Gilroy. •Quarantine of impounded biting domestic animals, •Provision for reclaiming abandoned, lost, or stray domestic animals during business hours, •Euthanasia and disposal of abandoned, lost, impounded, or stray domestic animals that are unclaimed by their owners and deemed unfit for adoption, rescue, or return-to-field, •Return-to-field of feral and community cats after sterilization and vaccination, •Acceptance of owner-relinquished and confiscated animals on approval of the County after considering shelter population, space availability, and cost. As part of veterinary services, the County shall provide the following: •Veterinarian services during established business hours to treat and provide veterinarian care to stray, injured, or sick domestic animals, •Monitoring of quarantined animals, and •Low-cost spay/neuter services provided to residents of the unincorporated areas of Santa Clara County. Agenda Item No. 11.1 Packet Page 171 of 199 Authorize the City Administrator to Enter into a Three-Year Service Agreement with the County of Santa Clara for Animal Sheltering Services for the Period of July 1, 2023, through June 30, 2026 City of Gilroy City Council Page 3 of 3 October 16, 2023 ALTERNATIVES Council may reject approval to authorize the City Administrator to enter into a three-year service agreement with the County of Santa Clara for animal sheltering services. Staff does not recommend this option as it would mean alternative service providers would have to be identified. FISCAL IMPACT/FUNDING SOURCE During the FY24 and FY25 budget process, approved funding was allocated for animal sheltering services based on the FY21-23 Santa Clara County Animal Sheltering Agreement compensation schedule. In late May, SCC advised GPD of their intent to provide an updated Animal Sheltering Services Agreement. On June 15, 2023, SCC provided GPD with a FY24-26 Animal Sheltering Services Agreement, which includes a substantial increase due to the truing up of costs. For FY24, the compensation amount is $150,000, an increase of $79,085 from FY23. The FY25 compensation amount is $157,500, and FY26 is $165,375. GPD will use approved FY24 ($70,015) and FY25 ($73,043) budget allocations in the Police Services Special Revenue Fund (Fund 240) and the anticipated salary savings within the GPD operations (3010) in the General Fund (100) to pay for the increase in the compensation schedule for FY24 ($79,985) and FY25 ($84,457). The FY26 recommended budget allocation of $165,375 will be part of the FY26 and FY27 budget process. Attachments: 1. Animal Sheltering Services Agreement - Gilroy FY24-26 Agenda Item No. 11.1 Packet Page 172 of 199 Agreement for Animal Page 1 of 7 Sheltering Services with City of Gilroy AGREEMENT BETWEEN THE COUNTY OF SANTA CLARA AND THE CITY OF GILROY FOR ANIMAL SHELTERING SERVICES The County of Santa Clara (“COUNTY”), and the City of Gilroy, a municipal corporation (“CITY”) (together, “PARTIES”) enter into this Animal Sheltering Services Agreement (“Agreement”) as of _____________, 2023. RECITALS WHEREAS, CITY desires to secure animal shelter services for domestic animals found within the incorporated area of Gilroy, and WHEREAS, COUNTY has the necessary expertise and skill to perform those services and COUNTY’s proposal can best meet CITY’s needs; NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: 1. AGREEMENT DOCUMENTS The documents forming the entire Agreement between CITY and COUNTY shall consist of: This Agreement; Exhibit A – Scope of Services; and Exhibit B – Compensation If any discrepancies or inconsistencies between the provisions of this Agreement and any of the above-referenced Exhibits arise, the provisions of this Agreement prevail. This Agreement and the Exhibits set forth above contain all of the agreements, representations, and understandings of the PARTIES hereto, and supersede and replace any previous understanding, commitments, or agreements, whether oral or written. 2. SCOPE OF SERVICES COUNTY shall perform those services specified in detail in the attached Exhibit A, entitled “Scope of Services.” 3. TERM OF AGREEMENT This Agreement is effective from July 1, 2023 to June 30, 2026, unless otherwise terminated under Section 5 (TERMINATION) below. Agenda Item No. 11.1 Packet Page 173 of 199 Agreement for Animal Page 2 of 7 Sheltering Services with City of Gilroy 4. COMPENSATION CITY shall pay COUNTY for the costs of animal sheltering services under this Agreement. The terms, rate, and schedule of payment are set forth in the attached Exhibit B, entitled "Compensation". 5. TERMINATION 5.1 Termination Without Cause Either PARTY may terminate this Agreement, without cause, by giving not less than thirty (30) days written notice. 5.2 Termination for Material Breach Either PARTY may terminate the Agreement in the event of breach of material obligations under this Agreement immediately upon written notice. 5.3 Termination Authority The Chief of Police of the CITY is empowered to terminate this Agreement on behalf of CITY. The County Director of Procurement, or their authorized designee, may terminate this Agreement on behalf of the County. 5.4 Consequences of Termination In the event of termination, COUNTY shall make reasonable and good faith efforts to deliver to CITY records for animals sheltered by COUNTY under this Agreement in a timely manner. COUNTY shall refund the CITY a prorated amount of funds based on the time remaining in the fiscal year. 6. INDEMNIFICATION City shall indemnify, defend, and hold harmless the COUNTY, its officers, agents and employees from any claim, liability, loss, injury or damage arising out of, or in connection with this Agreement by CITY and/or its agents, employees or sub- contractors, excepting only loss, injury or damage caused by the sole negligence or willful misconduct of personnel employed by the COUNTY. It is the intent of the PARTIES to this Agreement to provide the broadest possible coverage for the COUNTY. CITY shall reimburse the COUNTY for all costs, attorneys’ fees, expenses and liabilities incurred with respect to any litigation in which the CITY contests its obligation to indemnify, defend and/or hold harmless the COUNTY under this Agreement and does not prevail in that contest. Agenda Item No. 11.1 Packet Page 174 of 199 Agreement for Animal Page 3 of 7 Sheltering Services with City of Gilroy 7. WAIVER PARTIES agree that waiver of any breach or violation of any provision of this Agreement shall not be deemed to be a waiver of any other provision or a waiver of any subsequent breach or violation of the same or any other provision. 8. INDEPENDENT CONTRACTOR COUNTY, in the performance of this Agreement, is an independent contractor. COUNTY shall maintain complete control over all of COUNTY's employees, any subcontracting subcontractors, and COUNTY's operations. Neither COUNTY nor any person retained by COUNTY may represent, act, or purport to act as the agent, representative or employee of CITY. Neither COUNTY nor CITY is granted any right or authority to assume or create any obligation on behalf of the other. 9. COMPLIANCE WITH LAWS PARTIES shall comply with all applicable laws, ordinances, codes and regulations (collectively, "laws") of the federal, state and local governments, including without limitation, any and all laws specified elsewhere in this Agreement. 10. CONFLICT OF INTEREST PARTIES shall avoid all conflict of interest or the appearance of conflict of interest in performance of this Agreement. 11. NONDISCRIMINATION PARTIES agree that it shall not discriminate against, or segregate, any person, on account of race, sex, color, age, religion, sexual orientation, actual or perceived gender identity, disability, ethnicity, national origin, marital status, or family status, in connection with or related to the performance of this Agreement. 12. CALIFORNIA PUBLIC RECORDS ACT The COUNTY is a public agency subject to the disclosure requirements of the California Public Records Act (“CPRA”). If CITY’s proprietary information is contained in documents or information submitted to COUNTY, and CITY claims that such information falls within one or more CPRA exemptions, CITY must clearly mark such information “CONFIDENTIAL AND PROPRIETARY,” and identify the specific lines containing the information. In the event of a request for such information, the COUNTY will make best efforts to provide notice to CITY prior to such disclosure. If CITY contends that any documents are exempt from the CPRA and wishes to prevent disclosure, it is required to obtain a protective order, injunctive relief or other appropriate remedy from a court of law in Santa Clara COUNTY before the COUNTY is required to respond to the CPRA Agenda Item No. 11.1 Packet Page 175 of 199 Agreement for Animal Page 4 of 7 Sheltering Services with City of Gilroy request. If CITY fails to obtain such remedy within the time the COUNTY is required to respond to the CPRA request, COUNTY may disclose the requested information. CITY further agrees that it shall defend, indemnify and hold COUNTY harmless against any claim, action or litigation (including but not limited to all judgments, costs, fees, and attorney’s fees) that may result from denial by COUNTY of a CPRA request for information arising from any representation, or any action (or inaction), by the CITY. 13. COUNTY'S RECORDS 13.1 Maintenance during Term COUNTY shall maintain records, including any ledgers, books of account, invoices, vouchers, canceled checks, and other documents evidencing or relating to charges for services, or expenditures and disbursements charged to CITY for a minimum period of three (3) years, or for any longer period required by law, from the date of final payment to COUNTY pursuant to this Agreement. 13.2 Maintenance after Term COUNTY shall maintain all documents which demonstrate performance under this Agreement for a minimum period of three (3) years, or for any longer period required by law, from the date of termination or completion of this Agreement. 14. ASSIGNABILITY The PARTIES agree that COUNTY’s expertise and experience are material considerations for this Agreement. COUNTY may not assign the performance of any obligation or interest under this Agreement, except as authorized under Section 16 on “Subcontractors” below. 15. SUBCONTRACTORS 15.1 Authorized Subcontractors Notwithstanding Section 15 (ASSIGNABILITY) above, COUNTY may use subcontractors in performing COUNTY’s services. COUNTY shall be responsible for directing the work of the approved subcontractors and for any compensation due to subcontractors. 16. GOVERNING LAW This Agreement must be construed, and its performance enforced under California law. Agenda Item No. 11.1 Packet Page 176 of 199 Agreement for Animal Page 5 of 7 Sheltering Services with City of Gilroy 17. VENUE In the event that either PARTY brings suit, the PARTIES agree that venue is vested in Santa Clara County Superior Court or United States District Court, Northern District of California, San José, California. 18. NOTICE All notices and other communications required or permitted to be given under this Agreement must be in writing and must be personally served, or mailed, postage prepaid via U.S. mail, or sent via courier service, addressed to the respective parties as follows: CITY: City Administrator City of Gilroy 7301 Hanna Street Gilroy, CA 95020 408/846-0300 COUNTY: Program Manager County of Santa Clara Animal Services 12425 Monterey Road San Martin, CA 95046 Notice will be effective on the date personally delivered or if sent by courier service, on the date of receipt. If mailed, notice will be effective three (3) days after deposit in the mail. The PARTIES may change their respective addresses in accordance with the provisions of this Section. 19. MISCELLANEOUS 21.1 Survival of Provisions If any part of this Agreement is for any reason found to be unenforceable, all other parts nevertheless shall remain enforceable. 21.2 Assignment Subject to the provisions of Section 15 (ASSIGNABILITY), this Agreement binds and inures to the benefit of the PARTIES and their respective successors and assigns. 21.3 Headings The headings of the sections of this Agreement are inserted for convenience only. They do not constitute part of this Agreement and are not to be used in its construction. // // Agenda Item No. 11.1 Packet Page 177 of 199 Agreement for Animal Page 6 of 7 Sheltering Services with City of Gilroy 20. CONTRACT EXECUTION Unless otherwise prohibited by law or COUNTY policy, the parties agree that an electronic copy of a signed contract, or an electronically signed contract has the same force and legal effect as a contract executed with an original ink signature. The term “electronic copy of a signed contract” refers to a transmission by facsimile, electronic mail, or other electronic means of a copy of an original signed contract in a portable document format. The term “electronically signed contract” means a contract that is executed by applying an electronic signature using technology approved by the COUNTY. Agenda Item No. 11.1 Packet Page 178 of 199 Agreement for Animal Page 7 of 7 Sheltering Services with City of Gilroy WITNESS THE EXECUTION HEREOF on the day and year first written above. CITY OF GILROY APPROVED AS TO FORM: By: _________________________ ANDREW L. FABER, ESQ. Berliner Cohen, LLP Date: _________________________ CITY OF GILROY, a municipal corporation By: _________________________ JIMMY FORBIS City Administrator, City of Gilroy Date: _________________________ COUNTY OF SANTA CLARA APPROVED: By: _________________________ MATTHEW HADA Chief Procurement Officer Date: _________________________ APPROVED AS TO FORM AND LEGALITY: By: _________________________ WILLIE NGUYEN Deputy County Counsel Date: _________________________ Agenda Item No. 11.1 Packet Page 179 of 199 EXHIBIT A SCOPE OF SERVICES COUNTY shall provide: 1. Sheltering of abandoned, impounded, lost or stray domestic animals found in the incorporated area of CITY; 2. Quarantine of impounded biting domestic animals; 3. Provision for reclaim of abandoned, lost or stray domestic animals during established business hours; 4. Euthanization and disposal of abandoned, lost, impounded, or stray domestic animals that are unclaimed by their owners and are deemed unfit for adoption, rescue or return-to-field; 5. Return-to-field of feral and community cats after sterilization and vaccination; and 6. Acceptance of owner-relinquished animals and confiscated animals on approval of the COUNTY Animal Services Program Manager after consideration of shelter population, space availability, and costs. As part of the Shelter Services, COUNTY shall provide the following veterinary services: 1. Veterinarian services during established business hours to treat and provide veterinarian care to stray, injured, or sick dogs, cats, and other impounded domestic animals; 2. Monitoring of quarantined animals; and 3. Low-cost spay/neuter services as provided to residents of the unincorporated areas of Santa Clara County. COUNTY shall provide sheltering and veterinary care of domestic animals during normally staffed hours, which are Monday thru Friday from 8:00 am thru 6:00 pm and Saturday and Sunday from 8:00 am thru 5:00 pm. Services will not be available on COUNTY holidays, however, CITY will have access to “night drop” kennels based on availability. Only dogs that appear to be free of injury may be left in the “night drop” kennels by authorized CITY staff. Dogs that are not bright, alert and active, have open wounds, broken limbs or have been hit by a car must be taken to an emergency veterinarian at the CITY’S expense, but may be transported to the shelter by the CITY during operational hours for continued care. Agenda Item No. 11.1 Packet Page 180 of 199 Animals taken into custody by CITY that are to be impounded by COUNTY are to be transported promptly and humanely, and shall be made available for owner redemption as required by law. Animals requiring a quarantine hold will be made available following the quarantine period. Whenever an animal is impounded with identification, COUNTY will make reasonable attempt to notify owners of the animal’s impoundment. Under any other circumstance which CITY requests that an animal not be made available for reclaim, adoption, rescue or return-to-field, such request must be approved by the Animal Services Program Manager prior to impoundment. COUNTY will require an address (in the case of cats) or a street and cross street (in the case of all other animals) where each animal was found from both CITY and its residents, prior to accepting an animal for impound. COUNTY may collect fees from the public in connection with a portion of Animal Sheltering Services provided under this agreement and as consistent with the County Ordinance, including but not limited to impound, boarding and quarantine fees. These fees shall be at the rates established by COUNTY. Agenda Item No. 11.1 Packet Page 181 of 199 EXHIBIT B COMPENSATION Invoicing and Payment 1. Payment to COUNTY For Animal Sheltering Services provided by COUNTY to the CITY Under this Agreement, CITY shall pay COUNTY for the costs of animal shelter and other services for the period of July 1, 2023 through June 30, 2026 at the following rate: July 1, 2023 – June 30, 2024 $150,000 Due August 11, 2023 July 1, 2024 - June 30, 2025 157,500 Due July 11, 2024 July 1, 2025 - June 30, 2026 165,375 Due July 11, 2025 Agenda Item No. 11.1 Packet Page 182 of 199 CAUTION: This email originated from an External Source. Please use proper judgment and caution when opening attachments, clicking links, or responding to this email. From: To:All Council Members Subject:EXTERNAL - Renewal of the Animal Services Agreement Date:Thursday, October 12, 2023 9:14:18 AM Please approve the renewal of this agreement Rhinda Bal Agenda Item No. 11.1 Packet Page 183 of 199 11.2.Annual Review and Adoption of the City's Investment Policy 1. Staff Report: 2. Public Comment 3. Possible Action: Adopt a resolution establishing the City’s updated Investment Policy. Agenda Item No. 11.2 Packet Page 184 of 199 Page 1 of 2 City of Gilroy STAFF REPORT Agenda Item Title:Annual Review and Adoption of the City's Investment Policy Meeting Date:October 16, 2023 From:Jimmy Forbis, City Administrator Department:Finance Submitted By:Harjot Sangha, Finance Director Prepared By:Harjot Sangha, Finance Director STRATEGIC PLAN GOALS Develop a Financially Resilient Organization RECOMMENDATION Adopt a resolution establishing the City’s updated Investment Policy. BACKGROUND Per California Code Section 53646(a) and the City’s Investment Policy, the City Administrator shall annually render to the City Council a statement of investment policy, which shall be considered by the Council at a public meeting to ensure its consistency with respect to the overall objectives of safety, liquidity, and yield. The City Council last reviewed the policy in November 2022. Per the City’s Investment Policy, temporarily idle or surplus funds of the City shall be invested in accordance with principles of sound treasury management. The three basic objectives of Gilroy's Investment Program are, in order of priority, (1) safety of invested funds, (2) maintenance of sufficient liquidity to meet cash flow needs of the City; and (3) attainment of the maximum yield possible consistent with the first two objectives. ANALYSIS The City’s idle cash is primarily invested in the Local Agency Investment Fund (LAIF) which is a program offered to local agencies to participate in a major portfolio managed by the California State Controller with 2,359 participants and $22.4 billion in assets at Agenda Item No. 11.2 Packet Page 185 of 199 Annual Review and Adoption of the City's Investment Policy City of Gilroy City Council Page 2 of 2 October 16, 2023 the end of August 2023. All securities purchased by the pool follow Government Code Section 16430 and 14680.4. One of the advantages of investing in LAIF is that it provides great “daily liquidity”, meaning on any given day the City can withdraw large sums of money the same day or within a day’s notice, while earning interest. A portion, approximately 33% or $61.5 million, of the City’s portfolio is invested in US Treasury securities which has allowed the City’s idle funds to earn additional interest as rates, or yields, have increased over the last year. With this annual review of the investment policy, staff recommends adding California Cooperative Liquid Assets Securities System (CLASS) to the eligible securities list, limited to 15% of the total portfolio. As previously mentioned, most of the City’s cash is invested in LAIF. One of the limitations of LAIF is that it carries a maximum deposit limit of $75.0 million. The City reached that limit on the two accounts it maintains with LAIF in the last year. One of the two accounts currently remains at the limit, while the second is at $45.0 million, excluding the $61.5 million in US Treasury securities held in the City investment account with the US Bank. California CLASS is a pooled investment option that was created in 2022 via a joint exercise of powers agreement by and among California public agencies. Participation in California CLASS is open to all public agencies in the state of California that have the authority to invest their treasury funds. California CLASS is an alternative to LAIF. Similar to LAIF, California CLASS provides California public agencies with a convenient method for investing in high-quality, short to medium-term securities selected to optimize interest earnings while maximizing safety and liquidity. CLASS’s Prime fund offers similar daily liquidity, and the performance is also better than LAIF. For example, for Fiscal Year 2023 LAIF’s reported average annual yield was 2.17% vs. CalCLASS’ Prime which reported 3.96% for the year. Expanding the list of eligible securities would allow the City an additional option to increase the City portfolio’s short-term returns while maintaining the City’s investment objectives of safety, liquidity, and yield. ALTERNATIVES The City Council could approve or reject the proposed change to the policy. The Council could also direct staff to amend any of the other sections of the policy. The current policy, with the proposed updates, provides adequate guidance for the City’s investment program. FISCAL IMPACT/FUNDING SOURCE There is no fiscal impact to adopting the City’s General Investment Policy. Review and update of the investment policy is an activity that is included in the Finance Department’s annual and ongoing workplan. Attachments: 1. Draft Resolution 2. Exhibit A – Investment Policy - Redline Agenda Item No. 11.2 Packet Page 186 of 199 RESOLUTION NO. 2023-XX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY ADOPTING THE CITY’S INVESTMENT POLICY WHEREAS, the City has a responsibility to ensure it handles public funds appropriately and WHEREAS, Section 53646 of the Government Code allows local agencies to annually approve a Statement of Investment Policy, which has been prepared by the chief fiscal officer of such local agency; and WHEREAS, the Investment Policy describes the investments the City can utilize in compliance with California Government Code Section 53646, and good practice dictates that local agencies prepare a written investment policy and WHEREAS, the City Council formally adopts the investment policy via a resolution that promotes sound financial management practices designed to meet the City Council’s goals and objectives; and WHEREAS, the City Council has been presented with a statement of Investment Policy annually which is designed to conform with the requirements of the Investment Act and WHEREAS, the primary objective of the Investment Policy is to establish a conservative set of investment criteria that will prudently protect the City’s assets, provide liquidity to meet the City’s cash needs and enable the City to generate a market rate of return from its investment activities; and WHEREAS, the City Council has reviewed the Investment Policy and delegates investment authority to the City Treasurer pursuant to California Government Code Section 53607. NOW, THEREFORE, the City Council of the City of Gilroy hereby adopts the amended Investment Policy attached hereto as Exhibit A, a copy of which is on file at the City offices and is available for inspection by the public. Agenda Item No. 11.2 Packet Page 187 of 199 Resolution No. 2023-XX City’s Investment Policy Adoption City Council Regular Meting | October 16, 2023 Page 2 of 2 1 1 4 5 PASSED, APPROVED, AND ADOPTED by the City Council of the City of Gilroy at its meeting held on this 16th day of October 2023 by the following vote: AYES:COUNCIL MEMBERS: NOES:COUNCIL MEMBERS: ABSTAIN:COUNCIL MEMBERS: ABSENT:COUNCIL MEMBERS: APPROVED: Marie Blankley, Mayor ATTEST: _______________________ Thai Nam Pham, City Clerk Agenda Item No. 11.2 Packet Page 188 of 199 - 1 - INVESTMENT POLICY FOR CITY OF GILROY Revised: November 2022October 2023 I. STATEMENT OF OBJECTIVES The purpose of this Investment Policy (“Policy”) is to identify elements that will foster a prudent and systematic investment program that meet the City of Gilroy’s objectives through a diversified investment portfolio. This policy also serves to organize and formalize the City’s investment related activities, while complying with all applicable statutes governing the investment of public funds. Temporarily idle or surplus funds of the City of Gilroy shall be invested in accordance with principles of sound treasury management and in accordance with the provisions of California Government Code Sections 53600, et seq., the Municipal Code, guidelines established by the California Municipal Treasurer's Association and the California Society of Municipal Finance Officers, and this Investment Policy. A. Overall Risk Profile The three basic objectives of Gilroy's Investment Program are, in order of priority: 1. Safety of invested funds; 2. Maintenance of sufficient liquidity to meet cash flow needs of the City; and 3. Attainment of the maximum yield possible consistent with the first two objectives. The achievement of these objectives shall be accomplished in the manner described below: 1. Safety of Invested Funds The City shall ensure the safety of its invested idle funds by limiting credit and interest rate risks. Credit risk is the risk of loss due to the failure of the security issuer or backer. Interest rate risk is the risk that the market value portfolio securities will fall due to an increase in general interest rates. a. Credit risk will be mitigated by: i. Limiting investments to the safest types of securities as outlined in this policy; ii. By prequalifying the financial institutions with which it will do business; and iii. By diversifying the investment portfolio so that the failure of any one issuer or backer will not place an undue financial burden on the City. b. Interest rate risk will be mitigated by: Agenda Item No. 11.2 Packet Page 189 of 199 - 2 - i. Maintaining adequate sums in 30 day or less funds. ii. Structuring the City's portfolio so that securities mature to meet the City's cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to their maturation to meet those specific needs; and iii. Investing primarily in shorter term securities (five years or less). c. The physical security or safekeeping of the City's investments is also an important element of safety. Detailed safekeeping requirements are defined in Section III of this Policy. 2. Liquidity The City’s investment portfolio shall be structured in a manner which strives to achieve that securities mature at the same time as cash is needed to meet anticipated demands (static liquidity). Additionally, since all possible cash demands cannot be anticipated, the portfolio should consist largely of securities with active secondary or resale markets (dynamic liquidity). Funds equal to 20% of the total annual expenditure budget less any capital expenditures for which bond proceeds are available, less internal service fund charges and less Trust and Agency fund expenditures, as first adopted for each fiscal year, shall be invested in the California State LAIF or other 30 day or less securities for call requirements. However, this provision shall not require the sale of any investment due solely to the adoption of a new budget, or amendment to a budget, which would have the effect of increasing the dollar amount needed to maintain this 20% requirement in 30 day or less funds. At such time that the 30 day or less funds falls below 20% of the annual expenditure budget, the City Treasurer, within 30 days, will notify the Investment Committee with a proposed action plan. The City Council will be subsequently notified of the action taken. The specific percentage mix of different investment instruments and maturities is described in Section II of this Policy. 3. Yield Yield on the City's investment portfolio is of secondary importance compared to the safety and liquidity objectives described above. Investments are limited to relatively low risk securities in anticipation of earning a fair return relative to the risk being assumed. While it may occasionally be necessary or strategically prudent of the City to sell a security prior to maturity to either meet unanticipated cash needs or to restructure the portfolio, this Policy specifically prohibits trading securities for the sole purpose of speculating on the future direction of interest rates. B. Time Frame for Investment Decisions The City's investment portfolio shall be structured to provide that sufficient funds from investments are available every month to meet the City's anticipated cash needs. Subject Agenda Item No. 11.2 Packet Page 190 of 199 - 3 - to the safety provisions outlined above, the choice in investment instruments and maturities shall be based upon an analysis of anticipated cash needs, existing and anticipated revenues, interest rate trends, and specific market opportunities. No investment should have a maturity of more than five (5) years from its date of purchase without receiving City Council approval within the prior 90 days. C. Pooling of Funds The City will consolidate cash and reserve balances from all funds to maximize investment earnings and to increase efficiencies with regard to investment pricing, safekeeping and administration. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles. D. Definition of Idle or Surplus Funds Idle or surplus funds for the purpose of this Policy are all City funds which are available for investment at any one time, including the estimated checking account float, excepting those minimum balances required by the City's banks to compensate them for the cost of banking services. This Policy also applies to the idle or surplus funds included in the general fund, special revenue funds, debt service funds, capital projects funds, enterprise funds, internal service funds, trust/agency funds and of other entities for which the City of Gilroy personnel provide financial management services. E. Applicability of Policy This policy does not apply to: 1. The City's Deferred Compensation Plan, the investments in which are directed by the participating employees; and 2. Monies held by a trustee or fiscal agent and pledged to the payment or security of bonds or other indebtedness, or obligations under agreements, of a local agency, or certificates of participation in such bonds, indebtedness or agreements, the investment of which may be in accordance with the statutory provisions governing the issuance of those bonds, indebtedness or agreements, or to the extent not inconsistent therewith, or if there are no specific statutory provisions, in accordance with the ordinance, resolution, indenture or agreement of the local agency providing for the issuance. 3. Monies held in a Section 115 trust for Post-Employment Benefits Trust (the “Program”) for the purpose of pre-funding pension obligations and/or OPEB obligations. Investment of such section 115 trust/s are directed by the separate Investment Guidelines Document (IGD) as approved by the Plan Sponsor. Agenda Item No. 11.2 Packet Page 191 of 199 - 4 - F. Benchmark and Performance Standards T investment portfolio shall be designed to attain a market-average rate of return throughout budgetary and economic cycles, taking into account the City’s risk constraints, the cash flow needs, and state and local laws. The performance of the investment portfolio shall be compared to the average yield on the U.S. Treasury bill that most closely corresponds to the investment portfolio’s weighted average effective maturity. II. INVESTMENTS This section of the Investment Policy identifies policies, types of investments, and related matters pertaining to instruments in which the City will invest its idle funds. A. Investment Standards The City of Gilroy operates its temporary pooled idle cash investments under the Prudent Investor Standard, California Government Code, Section 53600.3 1, and with additional guidance from the provisions of the Uniform Prudent Investor Act, California Probate Code Section 16045, et seq 2. This affords the City a broad spectrum of investment opportunities as long as the investment is deemed prudent and is allowable under current legislation of the State of California (Government Code Section 53600, et seq). B. Eligible Securities Subject to the Prudent Investor Standard and other applicable laws and regulations, this policy permits investment in the following:  Insured Certificates of Deposit (CD's) of California banks and/or savings and loan associations, and/or savings with a Superior or Excellent ranking of 165 or more as provided by IDC Financial Publishing Inc. or similar rating publication) which mature in five (5) years or less, provided that the City's investments shall not exceed Two Hundred Fifty Thousand Dollars ($250,000.00) per institution. If the investment exceeds the insured $250,000.00, the funds are to be collateralized at 110% of the deposit in government securities or 150% in mortgages. (limited to 15% of the portfolio) 1Governing bodies of local agencies (e.g., a City Council) or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and considering individual investments as part to an overall strategy, a trustee is authorized to acquire investments as authorized by law. Agenda Item No. 11.2 Packet Page 192 of 199 - 5 - 2The standard of care for trustees investing and managing trust assets is the Prudent Investor Standard and takes into consideration the purposes, terms, distribution requirements and other circumstances of the trust, and in satisfying this standard, the trustee is required to exercise reasonable care, skill, and caution in light of the facts and circumstances existing at the time of a trustee's decision or action.  Local Agency Investment Fund (State Pool) Demand Deposits  California Cooperative Liquid Assets Securities System (CLASS) (limited to 15% of the portfolio)  Securities of the U.S. Government, or its agencies  Negotiable Certificates of Deposit (NCDs) placed with federal and state savings and loan associations and federal and state chartered banks with an office in the State of California. (limited to 15% of the portfolio)  Bankers Acceptances (limited to 15% of the portfolio)  Commercial paper (limited to 10% of the portfolio)  Passbook Savings or Money Market Demand Deposits  Securities or bonds purchased under a prior investment policy, which may or may not meet the standards of this policy. (Such securities or bonds may be held or sold under this Policy but additional purchases shall not be made.)  Money Market Mutual Fund (with $1.00 net asset value and which invests only in instruments allowed under Government Code Section 53600, et seq.) - (limited to 5% of the portfolio) C. Investments Deemed Not Appropriate at this Time The City of Gilroy Investment Policy does not permit investment in the following instruments or securities:  Corporate bonds or stocks  Repurchase agreements or reverse repurchase agreements  Interest only or principal only strips  Certificates of Deposit issued by institutions not operating within California  Inverse floaters and range notes  Financial futures or financial option contracts  Securities lending or leveraging any portion of the portfolio Agenda Item No. 11.2 Packet Page 193 of 199 - 6 - D. Collateralization Requirements Uninsured Time Deposits with banks and savings and loans shall be collateralized in the manner prescribed by law for depositories accepting municipal investment funds. E. Preformatted Wire Transfers Wherever possible, the City will use preformatted wire transfers to restrict the transfer of funds to preauthorized accounts only. When transferring funds to an account not previously approved, the bank is required to call back a second employee for confirmation that the transfer is authorized. F. Qualification of Brokers, Dealers and Financial Institutions The City Treasurer shall investigate brokers and dealers who wish to do business with the City to determine if they are adequately capitalized, have any pending legal actions against the firm or the individual broker, and that they market securities appropriate to the City's needs. The City shall annually send a copy of the current edition of the Policy to all institutions and broker/dealers which are approved to handle City of Gilroy investments. Receipt of the Policy, including confirmation that it has been received by persons handling the City's accounts, shall be acknowledged in writing within thirty (30) days. G. Diversification The portfolio should consist of a prudent mix of various types of securities, issues and maturities. H. Confirmation Receipts for confirmation of purchase or sale of authorized securities should be received by the City Treasurer within five (5) days and include the following information: trade date, par value, rate, price, yield, settlement date, description of securities purchased, agency's name, net amount due, third party custodial information. These are minimum information requirements. I. Internal Controls Investment duties shall be separated by having at least three persons perform the following functions for any particular investment: the recordation of investments and disbursements, confirmation receipts, the preparation of Treasurer's reports, wire transfers, bank reconciliations and treasury reconciliations. An independent analysis by the external auditor shall be conducted annually to screen internal control, account activity, including verification of all securities, and compliance with policies and procedures. Agenda Item No. 11.2 Packet Page 194 of 199 - 7 - J. Interest Earnings All interest earned on investments authorized by this Policy shall be allocated quarterly to all City funds based on the positive cash balances in each fund as a percentage of the entire pooled portfolio. III. SAFEKEEPING OF SECURITIES A. Safekeeping Agreement The City shall contract with a bank or banks with federally insured deposits for the safekeeping services through a third party custodial agreement, (California Government Code Section 53601)3 which includes delivery versus payment provisions, for securities which are owned by the City as part of its investment portfolio. B. Handling of City-Owned Securities and Time Deposit Collateral All securities owned by the City shall be held by the City or by its third-party custodian, except the collateral for time deposits in banks, savings banks, and savings and loan associations. The collateral for time deposits in banks and savings and loans shall be held in a trust account in the City of Gilroy's name. Dealers or brokers shall not hold any securities for the City. A broker is not an approved depository under California Government Code Section 53630 4 and Section 53608 5 C. Security Transfers The authorization to release City's securities will be telephoned to the appropriate depository or custodian by a Finance Department member other than the person who initiated the transaction. A written confirmation outlining the details for the transaction and confirming the telephone instructions will be sent to the bank within five (5) working days. A confirming notice documenting the transaction will be sent by the bank to the City within five (5) working days of the transaction. 3Section 53601. Authorized Investments, circumstances. A local agency purchasing or obtaining any security . . . shall require delivery of the securities to the local agency . . . by book entry, physical delivery or by third party custodial agreement. 4Section 53630(c) allows state or national banks, state or federal savings banks or savings and loan associations, state or federal credit unions and federally insured industrial loan companies as approved depositories. 5Section 53608. Deposit of securities; delegation of authority. The legislative body of a local agency may deposit for safekeeping with a federal or state association, a trust company or a state or national bank located within this state or with the Federal Reserve Bank of San Francisco or any branch thereof within this state, or with any Federal Reserve Bank or with any state or national bank located in any city designated as a reserve city by the Board of Governors of the Federal Reserve System, the bonds, notes, bills, debentures, obligations, certificates or indebtedness, warrants, or other evidences of indebtedness in which the money of the local agency is invested pursuant to this article or pursuant to other legislative authority. The local agency shall take from such financial institution a receipt for securities so deposited. The authority of the legislative body to deposit for safekeeping may be delegated by the legislative body to the treasurer of the local agency; the treasurer shall not be responsible for Agenda Item No. 11.2 Packet Page 195 of 199 - 8 - securities delivered to and receipted for by a financial institution until they are withdrawn from the financial institution by the treasurer. Agenda Item No. 11.2 Packet Page 196 of 199 - 9 - D. Verification of Security Securities held by an agent of depository as collateral securing time deposits will be verified in writing during the year by the City's independent auditors as part of the City's annual independent audit. The City's independent auditors confirm the collateral directly with the bank holding that collateral. Those securities held by that depository or custodian as collateral are subject to audit by the bank's auditors. IV. STRUCTURE AND RESPONSIBILITY This section of the Policy defines the overall structure of the investment management program. A. Responsibilities of the Finance Department The Finance Department, through its officers and representatives, is charged with the responsibility for maintaining custody of all public funds and securities belonging to or under the control of the City and for the deposit and investment of those funds in accordance with principles of sound treasury management and in accordance with applicable laws and ordinances. B. Responsibilities and Ethics of the City Treasurer 1. Delegation of Authority The authority to manage the City’s investment program is derived from the California Government Code Section 53600, et seq, The City Council is responsible for the management of the City’s funds, including the administration of this investment policy. The authority of the City Council to invest or to reinvest funds, or to sell or exchange securities so purchased, is hereby delegated to the City Treasurer, who shall thereafter assume full responsibility for those transactions until the delegation is revoked and shall make quarterly reports of those transactions to the City Council. (California Government Code Section 53607). 2. Responsibilities The City Treasurer is appointed by the City Administrator and is subject to his direction and supervision. The City Treasurer is charged with the responsibility for the purchase, sale, custody and investment of City funds, and the development of procedures to implement this Investment Policy. In fulfilling his responsibilities, the City Treasurer is subject to the Prudent Investor Standard and shall render reports regarding compliance with the Investment Policy. The City Treasurer is further responsible for the duties and subject to the powers imposed by and applicable to City Treasurers under the general laws of the State of California. Agenda Item No. 11.2 Packet Page 197 of 199 - 10 - 3.Ethical Conduct The City Treasurer will demonstrate integrity in all public and personal relationships, protect the public trust, and seek no favor or accept any personal gain which would influence or appear to influence the conduct of the office of Treasurer. C.Responsibilities of the City Administrator The City Administrator is responsible for directing and supervising the City Treasurer. He is responsible further to keep the City Council fully advised as to the financial condition of the City and its compliance with this Policy. D.Responsibilities of the City Council The City Council shall consider and annually adopt a written investment policy. As provided in that policy, the Council shall receive and review quarterly investment reports and may annually delegate investment authority to the City Treasurer pursuant to California Government Code Section 53607. E.Responsibilities of the Investment Committee There shall be an Investment Committee consisting of the City Administrator, City Treasurer/Finance Director, and the Finance Manager. The committee shall meet quarterly to discuss cash flow requirements, monthly and quarterly investment reports, investment strategy, investment and banking procedures, significant investment related work projects being undertaken in each department which will affect the cash flow management of the City Treasurer and to review compliance with the investment policies adopted by the City Council. This will require timely reports from the department heads to the City Treasurer concerning significant future cash flow requirements. V.REPORTING The City Treasurer shall prepare a quarterly investment report, including a succinct management summary that provides a clear picture of the status of the current investment portfolio and transactions made over the past quarter by month. This management summary will be prepared in a manner which will allow the City Administrator and City Council to ascertain whether investment activities during the reporting period are in conformance with the City's Investment Policy. The quarterly investment report will include the following: A.A listing of individual securities held at the end of the reporting quarter showing the: 1.type of investment 2.institution 3.date of maturity Agenda Item No. 11.2 Packet Page 198 of 199 - 11 - 4.amount of deposit or cost of the security 5.rate of return B.Unrealized gain or loss resulting from appreciation or depreciation by listing the cost and market value of securities over one year in duration. C.Average yield of return on the City's investments. D.Maturity aging for the investments. E.Compliance of the investment portfolio with the Investment Policy. F.A statement denoting the ability of the City to meet expenditure requirements for the next six months. VI.REVIEW OF INVESTMENT MANAGEMENT A.Statement of Policy As set forth in California Code Section 53646(a), the City Administrator shall annually render to the City Council a statement of investment policy, which shall be considered by the Council at a public meeting. B.Policy Review This Investment Policy shall be reviewed annually by the City Council at a public meeting in accordance with state law to ensure its consistency with respect to the overall objectives of safety, liquidity, and yield. Proposed amendments to the Policy shall be prepared by the City Treasurer and after review by the Investment Committee shall be forwarded to the City Council for consideration at a public meeting. Any recommended modifications or amendments shall be presented to the City Council for their consideration and adoption. VII.AUTHORITY This Policy was duly adopted by authority of the City Council of the City of Gilroy on the 1st day of July 2015 and was most recently re-adopted on November 7, 2022October 16, 2023. Agenda Item No. 11.2 Packet Page 199 of 199