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Home My WebLink AboutPACKET Utilities Committee 2005-09-153 ~A-CK' a AGENDA TOWN OF ESTES PARK UTILITIES COMMITTEE 8 a.m. Thursday, September 15, 2005 Preparation date: 9/9/05 *Revision date: ACTION ITEMS Light & Power Department No action items Water Department 1. Continental Water Bank Inc. â€¢ Request to lease 10 A.F. of Windy Gap water REPORTS Light and Power 1. Financial Report 2. 2005/2006 Financial Plan and Rate Study Update Water 1. Financial Report Note: The Utilities Committee reserves the right to consider other appropriate items not available at the time the agenda was prepared. h -Ir, TOWN of ESTES PARK Inter-Office Memorandum DATE: September 9,2005 TO: Utilities Committee f FROM: Bill Linnane 64- SUBJECT: Continental Water Bank Inc. Windy Gap Water Lease Request Background: Greg White has coordinated a lease agreement with Continental Water Bank Inc., representing water users above the Town of Drake. The request is for a 20-year lease of 10 A.F. of Windy Gap Water in exchange for an equivalent CBT volume of water. This water exchange is a good neighbor gesture by the Town, similar to the 1 A.F. leasing of Windy Gap Water to the Mary Lake Road Glacier View Subdivision two years ago. Greg White will present the request at the meeting. Cost/Budget: N/A Action: Staff requests approval of the request. BL/lb Wl-1 . GREGORY A. WHITE Attorney at Law ~- North Park Place 1423 West 29th Street 970/667-5310 Loveland, Colorado 80538 Fax 970/667-2527 September 7,2005 Town of Estes Park Attn: Bill Linnane and Bob Goehring P O Box 1200 Estes Park, CO 80517 Dear Bill and Bob: Enclosed please find a proposed Lease Agreement for the Continental Water Bank and the Town that has been in the works for some time. I have reviewed the proposed Lease and the changes that have been made by Continental Water Bank' s attorney and the Lease is acceptable to me. I would suggest that the Lease be placed upon the next Utilities Committee Agenda for review before going to the Town Board for approval. Let me know which day that Committee is scheduled and I will make sure to attend to explain the terms and conditions of the Lease. As we have discussed many times in the past, the purpose ofthis is to provide individual well users in the Estes Valley and the Big Thompson River above Drake water through an Augmentation Plan rather than the Town being asked to individually supply them with water or take over their systems. By using the Continental Water Bank, the Town will be able to refer water users to the Continental Water Bank and not have to deal with repeated requests for augmentation water for these individual users. If you need anything further, please do not hesitate to give me a call. Ven/Irruly Yours, fi k UU ~ Grego~k. White GAW/ldr 1 V Wl-2 ATER LEASE AGREEMENT 5~HIS SE AGREEMENT, ("Lease" or "Agreement") is made and entered s oflkE day of 2005, by and between the TOWN OF ESTES PARj*Anunicipal corporation ("Town"). LESSOR, and Continental Water Bank, Inc., a (7ldrado Corporq~n (')CWB'3, LESSEE. WITNESSETH: / ' WJ*FREAS, The Town is the owner of units of Windy Gap Project water ("Windy 2 52((Ar") as such units are defined in the Allotment Contract between the Municipal 1 Subdistrict of the Northern Colorado Water Conservancy District ("Municipal #6bdistrict") and the Town. The Town utilizes its Windy Gap Water as part of an /augmentation and exchange plan decreed in Case No. 97CW126, District Court, Water / Division 1. The Town also owns units of Colorado Big Thompson Project water ("CBT ~ Water"), which it can use to firm the yield of its Windy Gap Water pursuant to the collateralization policies and regulations ofthe Northern Colorado Water Conservancy District ("Northern District") and the Municipal Subdistrict and CWB own units of CBT Water, and WHEREAS, CWB provides substitute supply water to replace out of priority water depletions by Users along the Big Thompson River. CWB provides substitute supply water to replace out-of-priority depletions associated with wells owned by members of the CWB (hereinafter "Users") in the Big Thompson drainage. WHEREAS, in order to continue serving the Users, CWB seeks to secure a fully consumable water source for use in an augmentation plan and the Town desires to lease water rights to CWB for such use; and WHEREAS, pursuant to this Agreement, the CWB desires to transfer its units of CBT Water to the Town, and the Town desires to lease a portion of its lst or subsequent reuse Windy Gap Water or other fully consumable water, which water will be included as a potential source augmentation or exchange water for use in CWB' s as yet undecreed augmentation plan (or for use in a substitute water supply plan filed by CWB in accordance with Â§ 37-92-308 (4), C.R.S.), an application for which will be filed by CWB in District Court, Water Division No. 1 ("Water Court") after the execution of this Lease. NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Town and CWB hereby agree as follows: 1. Term, The term of this Lease shall be for twenty (20) years, beginning on the date of execution of this Agreement and shall terminate on 2025 ("Initial Term"), unless terminated sooner pursuant to the provisions of this Lease. Wl-3 r- .-I However, CWB shall have the option to renew this Lease for successive terms of twenty (20) years, which option shall terminate only if CWB is in default of its payment obligations under paragraph 5 ("annual fees") of this Lease, or if CWB elects not to exercise its option to renew by giving notice to the Town not later than three (3) months prior to the end of the twenty (20) years lease, or if the Town, despite its best effort to do so, cannot meet the obligations of this Lease for unforeseen reasons beyond the control of the Town. It is fully understood and accepted by the Town and CWB that any termination of this Lease (other than termination resulting from CWB's failure to pay the "annual fees" pursuant to paragraph 5 hereof) shall take place only after the terminating party has given written notice to the other party of its intent to terminate, and either (1) termination has been approval by the Water Court in Water Division 1, State of Colorado or (2) at least six months has elapsed from the time the terminating party provided written notice of its intent to terminate. The payment terms set forth in paragraph 5 shall apply to any future twenty (20) year leases and shall escalate at the same rate as the previous twenty (20) years, unless unforeseen costs or expenses occur that would dramatically alter the equity of the payment terms and thus put an extreme hardship upon either the Town or CWB. If this case does arise, then either, or both, the Town or CWB may elect to terminate this Agreement, or they may elect to renegotiate the terms of a new lease, to the satisfaction of both the Town and CWB. If this Lease is terminated and a new lease is not negotiated, the terms under the paragraph 14 ("Transfer") shall be triggered and the Town shall be required to convey back to the CWB the units of CBT Water that the CWB has transferred to the Town pursuant to this Lease. Upon the Town's conveyance of the CBT Water units back to the CWB, the Town will be released from it's obligation to release water pursuant to this Lease. 2. Water, For each unit of CBT Water that CWB transfers to the Town, the Town shall in turn provide each calendar year during the term of this Lease (up to a maximum of 10 acre-feet annually), 0.7 acre-feet ofthe Town's Windy Gap Water or other fully consumable water approved for augmentation or exchange use in CWB's augmentation plan (or for use in a substitute water supply plan filed by CWB in accordance with Â§ 37- 92-308 (4)). 3, Use of Lease Water. CWB shall use the water supplied by the Town pursuant to a court approved plan for augmentation or exchange, or pursuant to a State Engineer approved temporary substitute supply plan, to replace out-of-priority water depletions caused by out-of-priority diversions from structures owned or leased by Users. The water supplied by the Town pursuant to this Agreement shall be only used to provide augmentation water to replace depletions from structures with depletive impacts upon the Fall River and/or Big Thompson River above the confluence of the North Fork of the Big Thompson River and the Big Thompson River in Drake, Colorado. 4. Delivery of Water. Delivery of the Windy Gap Water shall be from Lake Estes at the Lake Estes outfall. The Town will make deliveries of the Windy Gap Water, or other water(s) as detailed in paragraph 2 above, as directed by CWB upon reasonable advance notice. The specific timing and amounts of these deliveries will be determined by the Water Court and/or State Engineer (which term is intended to include the Division Wl-4 Engineer andjor Water Commissioner in Water District No. 4) pursuant to the terms of the CWB's decreed plan for augmentation or exchange, or pursuant to a State Engineer approved temporary substitute supply plan(s). 5. Annual Fee, CWB agrees to pay the Town Three Hundred Fifty and no/100 dollars ($350.00) per year for the first ten years of the Lease and Four Hundred Fifty and no/100 dollars ($450.00) per year the next ten years of the Lease, in recognition of the Town's administrative costs associated with CWB's use of this water. Said payment will be made in advance for any water supplied during that year under this lease. This payment shall be nonrefundable and not contingent upon CWB's actual usage of the water during that year. CWB shall make subsequent payments to the Town on of each year for the following calendar year. If CWB does not make a payment when.due the Town has the option of terminating the Lease under the provisions of the "Default" paragraph, herein, of this said Agreement. 6. Svstem Extension, During the term of this lease, the Town may extend its municipal water supply system to Users supplied by CWB. It is explicitly recognized that this Lease in no way obligates the Town to make such an extension. If the Town determines to extend its water supply system to the Users served by CWB by installing a water line contiguous to the User's property during the term of this Lease, and any User served by said water line fails to agree to become a customer ofthe Town's municipal water system, then CWB agrees to terminate service to such User. A User shall not be entitled, by any term or condition of this Lease, to any reduction or change in the Town' s water regulations with regard to obtaining water from the municipal system, including, but not limited to, water tap fees, plan investment fees and water rates. 7. Augmentation Plant CWB shall seek to obtain Water Court approval of a plan for augmentation or exchange, or a State Engineer approved temporary substitute supply plan, using the water detailed in paragraph 2 hereof as a source of augmentation or replacement water. All such proceedings shall be conducted by water rights counsel and engineering consultants selected by CWB, at CWB's sole cost and expense. No application, stipulation, or consent decree shall be filed, signed, or adopted by CWB without prior review by and consent of the Town provided, however, that in no event shall the Town withhold such consent by reason of any requirement that is specifically addressed in this Agreement. The Town shall not file a statement of opposition to CWB' s water court application, and the Town shall fully cooperate with CWB in connection with the application by providing such information and assistance as is reasonably requested by CWB, its water rights counsel, or its engineering consultants. The Town understands that CWB will need to naine the sources of water and the water rights in its court application by which it intends to augment the Users wells. The Town agrees to cooperate with CWB in assembling all such information concerning the "other fully consumable water" described in paragraph 2 that are potential sources of water for this Lease, and the Town acknowledges that said sources will be listed in CWB's application and decree. However, no change of the Town' s water rights shall be applied for or reviewed in such proceedings. CWB shall structure any application for approval of plan for augmentation or exchange to seek approval of the least number and the largest quantities of deliveries of water. which Wl-5 312 50 M 0 E 0 2% 0 0 < 01 Z 3 W b 2 82 3 0â‚¬ < 8 2 2 Eg â‚¬EE 030% w' IM. 826 1 2 co Z .2 g E E E N i tr, M a Rb 3 .3 mm BE d18 AUG VARIANCE Per kWh Per kWh Bud et YTD YTD % 2004 2005 2005 2005 of Budget ing unrestricted (usable) fund balance 2,872,445 2,591,247 ($281,198) $2,127,146 $2,127,146 100% 739,827 768,093 28,265 0.0715 0.0779 9,331,199 6,391,972 69% 38,826 26,363 (12,463) 688,462 276,402 40% 778,653 794,456 15,802 10,019,661 6,668,374 67% 678,642 346,348 332,294 0.0656 0.0351 4,610,000 2,996,498 65% Distribution and Maintenance 124,961 93,428 31,532 0.0121 0.0095 1,608,7 5 906,032 56% mer Billing and Accounts 44,845 39,001 5,844 0.0043 0.0040 651,596 389,400 60% %02 864'65 566'EOE JOIAJOS *10(I %IZ LOS'8IZ L I f'ZZO' I (Sl I'l) fLI'Of 650'6Â£ 191!duo %59 LEE'L09 Â£68'8Â£6 (589'Z) 696'ZL fEZ'OL ino siolsuen Buquiodo %95 *60'II6'Â§ 860'68f'OI C8900 ZOOIO 508'49Â£ Eo I'ZL9 806'9E0'I salm'puodxa ll!101 ONTH-T -D MONTH TO DATE YEAR TO DATE ing net assets (assets - liabilities) $10,902,938 $10,500,396 ($402,542) $ 10,2 7 5 $10,237,501 I68'ZEL 39*'09Â£'1 00.0 9L00'0 (L06) NO'08 81 I'6L 19.Iouog pue uo!18116!u 0Â£0'1 000'E 0000.0 0000.0 Z58'GE0'5 Â£6L'EZE'8 L9500 L680'0 509'89Â£ ~6'855 59Â§'LZ6 osuodxa @ouuu@luten[ pUB uoilelodo le}01 6LZ'LSL (LEÂ¢69t) L09'08Â£ EgE'ZEI (*93'851) (181!deo atopq soln}!puodxo 698'Lfl V/N St6'93 9Â§6'ZI (266'Et) SgoinOS .191110 01 Poll!00IZE/pOA!000.1 4680 %8ZI- 0If'66Â§ (LEÂ¢69t,) 995'90t 60Â£'5Â£1 (9tz'ILE) 41UOU[ JOj UO!)!sod qsuo u! 08{Ietio %*91 955'9ZL'ES 60L'L59'I $ 85â‚¬'SEl$ 955'9ZL'/$ 86I'I09'Z$ coueleq punJ (OIqusn) polouisolun Suipua LIGHT POWER FUND 10AO SanUOA@JJO ~oualogop/ssooxfi) 18101qns Revenues TOWN OF ESTES PARK LIGHTAND POWER TRENDS Type Summary Date August-05 12 - month moving average Total % Total % of Avg Avg Avg # of accts KWH Growth Revenues Total Rev Rev/KWH KWH/Cust Rev/Cust Residential 7,251 3,730,350 -0.4% $316,921 41% $0.0852 514 $43.70 Residential Demand 426 802,303 -0.7% $65,480 9% $0.0838 1,886 $153.87 Res Energy / Time of Day 219 385,414 -0.1% $21,238 3% $0.0564 1,757 $96.75 Res Basic Energy 9 13,056 3.8% $1,046 0% $0.0805 1,359 $108.59 Gen Serv Small 1,515 2,013,547 -0.1% $171,290 22% $0.0851 1,329 $113.00 Gen Serv Large 87 2,745,888 -0.8% $166,258 22% $0.0606 31,460 $1,904.44 GSL - Comml - Time of Day 1 10,245 4.0% $625 0% $0.0569 10,245 $625.02 GSS - Comml- Energy TOD 12 17,168 0.5% $1,034 0% $0.0603 1,453 $86.99 Municipal 60 252,614 0.9% $18,775 2% $0.0743 4,196 $311.92 Outdoor Area Lighting 16 0 $185 0% N/A 0 $11.41 Wind Power 100 0 $2,068 0% N/A 0 $20.76 RMNP - Administrative 2 938 -13.5% $39 0% NA 469 $19.30 RMNP - Small Admin 19 69,013 -1.8% $2,977 0% $0.0432 3,632 $156.68 RMNP - Large Admin 6 60,863 -0.8% $2,283 0% $0.0380 10,144 $380.48 avg $770,218 100% annual revenues at this pace: $9,242,619 budget $9,393,999 projected over/under: ($151,380) b 60 % 622 1/ - 16 - 12% 60 46, 11 - 40.4 60. 7, 12) <71>, 0 ti *0 Â·9 004-MOO Nt.Or-â„¢00 CD O (D (9 Nagafr-- h 10 St 10 OLD 10 10 10 999999 m 2 86 5 @ '<WOZO Feb-05 ($627,090) Variance between budgeted and projected revenues ($300,000) - Variance between pejoefoid pue pele6pnq SenueAe] (000,004$) < (000'009Â£) ($100,000) ($200,000) (000,009$) (000'OOZ$) CP Jan-05 ($661,248) Mar-05 ($525,865) Ef Estes Park Electric Rate Summary Off-Peak Winter Average Customer Energy Energy Demand Monthly Charge Charge Charge Charge Bill Increase $/Month $/kWh $/kWh $/kW (%) Residential . â€¢ 2004 Available to all residential customers and residential with $ 4.00 $0.07203 $ 41.36 electric heat up to 25,000 kWh annually 2005 Same $ 4.15 $0.07984 $ 44.79 8.29% 2006 Same $ 4.30 $0.08447 $ 47.30 5.60% Residential Demand 2004 Available to all residential'customers over 15,000 k<Wh $ 5.00 $0.03663 $ 7.89 $ 130.17 annually and residential with electric heal (September through April) 2005 Same, limited to existing dwellings $ 5.19 $0.04297 $ 8.39 $ 141.96 9.05% 2006 Same $ 5.38 $0.04609 $ 8.92 $ 151.01 6.37% Residential Enerqv Time-of-Dav 2004 Available to all residential customers using energy storage $ 5.00 $0.08760 $0.03foo $ 90.41 electric space heat , 2005 Same $ 5.19 $0.09699 $0.03880 $ 102.79 13.70% 2006 Same $ 5.38 $0.10334 $0.04237 $ 110.69 7.69% Residential Enerqv Basic Time-of-Day 2004 Available to all residential customers (September through $ 5.00 $0.08643 $0.06843 $ 68.73 April) 2005 Same $ 5.19 $0.09581 $0.07585 $ 74.49 8.38% 2006 Same $ ' 5.38 $0.10136 $0.08025 $ 78.70 5.65% Small Commercial 2004 Available to all commercial customers with demands of 35 kW $ 7.25- $0.07517 $ 111.09 orless 2005 Same $ 7.52 $0.08154 $ 118.15 6.35% 2006 Same $ 7.80 $6.08459 $ 122.56 3.74% Small Commercial Energy Time-of-Day 2004 Available to all commercial customers using energy storage $ 8.25 $0.09277Â· $0.03100 $ 81.65 electric space heat with demands of 35 kW or less 2005 Same $ 8.56 $0.10176 $0.04070 $ 93.93 15.04% 2006 Same $ 8.88 $0.10574 $0.04335 $ 98.71 5.09% Estes Park Electric Rate Summary Off-Peak Winter Average Customer Energy Energy Demand Monthly Charge Charge Charge Charge Bill Increase $/Month $/kWh $/kWh $/kW (%) Large Commercial 2004 Available to commercial customers with demands exceeding $ 10.00 $0.03208 $ 9.92 $ 1,902.86 35 kW 2005 Same $ 10.37 $0.03592 $ 9.98 $ 1,987.18 4.43% 2006 Same $ 10.76 $0.03633 $ 10.04 $ 2,005.66 0.93% Large Commercial Time-of-Dav 2004 Available to commercial'cuatomers with demands exceeding $ 12.00 $0.03208 $0.02650 $ 11.17 $ 512.53 35 kW 2005 Same $ 12.45 $0.03772 $0.03115 $ 11.48 $ 557.36 8.75% 2006 Same $ 12.91 $0.03851 $0.03181 $ 11.65 $ 568.15 1.94% RMNP Administrative Housing 2004 Available to Rocky Mountain National Park residences which $ 4.00 $0.02803 $ 19.28 -Â·. have an alternate source of power available for delivery to the Estes Park electric system 2005 Same $ 4.15 $0.03598 $ 23.77 23.26% 2006 Same $ 4.30 $0.04115 $ 26.74 12.49% RMNP Small Administrative 2004 Available to Rocky Mountain National Park administrative $ 7.25 $0.038790 $ 146.16 service accounts which have an alternate source of power available for delivery to the Estes Park electric system with demands of 35 kW or less 2005 Same $ 7.52 $0.04295 $ 161.33 10.38% 1 2006 Same $ 7.80 $0.04369 $ 164.26 1.82% RMNP Large Administrative 2004 Available to Rocky Mountain National Park administrative $ 10.00 $0.01745 $ 4.55 $ 299.18Â· service accounts which have an alternate source of power available for delivery to the Estes Park electric system with demands exceeding 35 kW 2005 Same $ 10.37 $0.02351 $ 4.73 $ 371.67 24.23% 2006 Same $ 10.76 $0.02647 $ 4.91 $ 405.15 9.01% Lap R-1 MONTHLY PEAK DEMAND 26,500 - 24,500 22,500 ~~ -4-2003 -0-2004 20,500 -0,"-2005 18,500 16,500 '0--g 14,500 12,500 - ' ' ' ' ' ' ' ' ' ' Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec MONTHLY ENERGY PURCHASES 7 12,000 1 -11 - l! 7 0 3% -0 - 1 4 3 10,000 - 8% *A .f -11 -' 3 9- 0- 8- 03- 384 - r yÂ·T %) -tr _ 4 0 4 ** 9 4 -9 --94 - b 34 3:1 -2 -2 0 5 4%00*#1 HAL* 3 5 5 4-X â‚¬4 58% LHA 4 4 B# 02003 8,000 - 36- 4#- ~- 4- 3%- 07- 4*- F ~- f- 6- 0- 3- 0% *f 3% A /4 43 09 02004 4% %4 92 94 9 * 0 $ A a 34 4 / ma #* 6% 9 $ 0 3 02005 4 2 0% Â£2 0i 4 0 / 6,000 - #t- 0- jk- A- 2- 32- Bru *ti- 3- %- g- j- 03 31 03% 4-% 48 54 4.v. 41' 5 4 + / 4,000 - ji- %1- %4- A- MI- g {- E- 0- 4- 0- MI 0- 91 3% A 0% 3% E ME %* 9 50# 5-4 2 3 it #4 0 41 i 03: 3 4 $ 5 $ 0 3, 24 1 2 , a , 21 , %13 , 0/, fl , 0 , 0 11. 1,1 2,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec R L&P 6 Monthly MWH SYSTEM KW Â»00*ex YTD ENERGY PURCHASES =tr. 120,000 .11 100,000 -i- -f- -3 3 3 3 80,000 4-- 4 02003 1.30% YTD 2005 VS M m 2004 60,000 - 2004 Â¢ m 2005 r i 55 4 3 40,000 20,000 , 1 f ~ ; f 'I. id 49 3 22 & p 1 / Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD POWER COST vs. BUDGET ($1,000) MBUDGET Â¤ACTUAL 5,000 4,500 4,000 3,500 3,000 , 5 fill 2,500 2,000 1,500 mIl 1 licti ] %,1 I%% 1,000 500 - 1%11 1 1 1 1 1 1 1 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec R L&P 7 1:28888:&8888*8*80*%:*8**% *9*8*8*& .1...1 ELECTRIC SALES BY MONTH ($1,000) 1,000 - 900 . 800 *~ .4 T 4 4 T J 4 4 4 1 â‚¬ 2 7% 1 02003 700 -- 5 2---. _74 '57 ' . V Sk {44:Fit -Ft 12 -t? T T T -t Â¤ 2004 t& 600 - H- - ./.- -- - .4 1.< P>~- 0- t--t- r 02005 E -{t -4 4_ ki- i i -i -4 1 1 4.& Â£2 *1 4% 2% i 1 1 & 1% 2: 4 1,2 4 4 1% 2% 15 BA Ft t 500 - R- ' - 1% ts- Cd- Et- /O- 4- 6- 1- 1 * 44 7 4% AW Fl A I .. : 1 8 1: 2 54 3 0 1: 3 9 } 2 .% Pr. 12~: 15 42 i.* P..t 7/ % P U 1% 52 13 5# 1/ lit H & 4 > 300 li, *Ii' ft. 55, Ut, 15' 13*, 21, 5, i, 1 1 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov ' Dec YEAR TO DATE ELECTRIC SALES ($1,000) 10,000 - 9,331,199 9,000 8,000 7,000 9.50% 2005 YTD VS 2004 .- 6,000 a . 5,000 - IIi .4 W - g 1- 44 9 _D -41 .A III 02003 4,000 - -/4-- EL :L .- - 1 4 0 4 1 44 4 1 . Tli CZE] 2004 3,000 -4 4 1_ 4:31_ 4 i_ :.4 Â·Ii .4 4 4 e . 1 4 1), - ./ + 4 1 .4 4 / 1~~,.~2005 7. 5 .I :1 4 2,000 3 7 . I - f .1- i .- 1 - 4 .: .4 16 .~ ----Budget 1 800 & I - 3 - 5 W k V I?. - 11 r j.. c , 414 Â¥ 0 0 . .2 1 2 .2 3 I G J J 1 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec R L&P 8 YEAR TO DATE SALES MONTHLY SALES ..:.*0:+0220tlk:lititl> >,>>i q- -r'i ~a~af'#644 .W.W.4.W .WA. 2 1/ : 2 2 2 6 2 32 2 32 2 2 MERSIS!Â°2 %d 0 %% @30 t-% *E Orl m % 2001.r~ 0 0 0 3%Â© . 00 00 iff# Ch 32*89 . 50<0 0 e R 0 2 -2 2- 4 - C= 5 2 3 23 3 * A Z U E- CINE* u nrestricted (usable) fund balance $2,643,054 $2,704,612 $61,559 $2,703,523 $2,703,523 100% 256,483 293,33 36,856 0.0047 0.0048 2,097,000 1,461,929 70% 56â‚¬I IEI'6Â£ I 9Z'80Â£ 50*Z IiI'Z6I Z9t'' FIR (88t'55) L6t86 608'Et %69 6Z.6'55 0Â£9'46 (I Of'I) OZL'OI 61Â£'6 ino sjolsuan Bu! Joodo %9t 9 1 9'Â£ St''I 96L'lEi'Â£ 0910 0 dzz00 (I+8' EZ) IZÂ¢95Z 6L9'ZEZ %Lt- 989'39 1 (ISI'dZE) 006'Ll 965'ISI 969'Â£Â£1 IDUOUI JOj UO!)!sod tiseo u! 00um'o %0Z I 80E'958'1$ ILE'BLE'5$ 6Â§*'6L$ BOZ'998'2$ 0Â§L'9LL'Z$ ooucieq puni (@Icesn) Polouts@Jun SmpuE[ -TO-DATE MONTH TO DATE YEAR TO DATE net assets (assets - liabilities) $17,678,690 $18,024,386 $17,800,963 $17,800,963 stribution and Maintenance 54,884 54,015 869 0.0010 0.0009 576,734 415,087 gLE'991' I t#'516' 1 *000 EEOO-O 8+0'Â£Â£ +09'LkI Zfd'081 @suodxEI ooutlumulew pue uouelodO [eloi 018'86Â£ (29 I '5ZE) (08rj) *59'LE 4Â£8'16 .10A0 SantIOAO.[ Jo~u~IJIp,OZS~im~qns (SZI '943) V/N (08 I'ZL) 870'+I I 298'It S 00.InOS 1 0410 01 poll!0011,ROA!30aI 4593 velopment Tap Fees 14,904 (14,904) 298,882 94,339 32 hts Tap Fees 38,340 (38,340) 325,919 239,984 74 14,786 73 (14,051) 84,843 56,074 66 324,513 294,074 (30,439) 2,806,644 1,852,326 66 25,111 0 25,111 0.0005 0.0000 133,900 Purification 32,937 34,353 (1,416) 0.0006 0.0006 461,314 Otâ‚¬'t61 5000 0 3000 0 (I I9'IZ) 08Â£'OE slunoooV pUB BU!11!8 JOILI 556'845 9000 0 [100'0 t60'0Â£ 9Â§L'8Z 09 pue uowinsiu AUG VARIANCE Per Gal Per Gal 2004 2005 00000 00000 0 Operation and Maintenance Expense LOW COMPARISON ATER FUND 2004 Revenues Expenditures TOWN OF ESTES PARK WATER DEPARTMENT TRENDS Type Summary Date August-05 12 - month moving average Total % Total % of Avg Avg Avg # of accts Gal Growth Revenues Tot Revs Rev/Gal Gal/Cust Rev/Cust Urban Residential 2,566 11,394,215 3.5% $65,958 36% $0.011 4,443 $25.71 Urban Commercial 667 13,615,342 1.2% $47,557 26% $0.004 20,316 $70.92 Rural Residential 1,264 4,415,839 2.2% $47,968 27% $0.011 3,494 $37.96 Rural Commercial 94 1,861,966 -0.4% $10,803 6% $0.006 19,809 $115.04 Bulk Water 960,118 -2.1% $8,582 5% $0.010 avg: $180,869 100% annual revenues at this pace: $2,170,428 budget $2,422,919 projected over/under: ($252,491) â€¢ 9/13/2005 G' . .. Water Sales by Month ($) 350,000 300,000 250,000 7 - --2 5 -- - 200,000 - 7 F - Â¤2003 Â¤2004 * 1 ** 150,000 -- , I Â¤2005 - , 4, I , I 4 * 1, 1 4 100,000 - t'' / I 4 , . S , i , 1, : , SO,000 -- 2 2-t= I~ 52 21:2- 52 2 2 2 2 $ I A # Â¢ / # $ 4 0 I * 4 * I O 5 5 3// I - 2 2 - 1 . Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Water Sales Year-To-Date ($1,000) 2,500 $2,097,000 .- 2,000 ~2003 - I2004 1,500 M 2005 - Budget -7- 1,000 - 2.28% 2005 YTD VS 2004 - .9 /- - -- - - 7 5 75 5 -7& 4 5 500 / f : 6 nruITE i 10 -61 31 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec RW5 Art"\ \\I\\......\\\\\\Ii\' WeÂ«\\\I t TOWN of ESTES PARK Inter-Office Memorandum DATE: September 14, 2005 TO: Report to Utilities Committee FROM: Bill Linnane SUBJECT: Report Only: 2006/2007 Electric Rates Background: 20006 is the 2nd year of the 2005-2006 Black & Veatch Financial Plan that recommended that the electric rates be raised an average of 3.9% in 2006. Last year, the Town Board approved the current year's +3.9% rate increase with the intent to raise rates again by 3.9% in 2006. In order to minimize the impact to customers, the staff proposes spreading the rate increase over a 2-yr period as follows: 1.9% in 2006 and 1.9% in 2007. This proposal hits the targets on the Financial Plan: Target #1 â€¢ Fund Balance = 90 days O&M or approximately $2,000,000 â€¢ Estimated 2005 ending fund balance = $2,700,000 â€¢ Estimated 2006 ending fund balance = approximately $2,500,000 Target #2 Zero (0) annual deficit. â€¢ Actual 2004: approx: $+$5,000 â€¢ Estimated 2005: approx: $(200,000) â€¢ Estimated 2006: approx: $(200,000) â€¢ Projected 2007: approx: $-0- Rate Increase Process Schedule: Staff has set the following tentative schedule: 1) *October-1,-2005 - Public Notice of Public Hearing 2) November 22,2005 - Town Board (Public Hearing) Rate Increase 3) November 25,2005 - Publish Rates 4) January 1,2006 - Rates become effective