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2014.05.08 Work Session Packet4141 Douglas Drive North • Crystal, Minnesota 55422-1696 CITY of Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalinn.gov CRYSTAL Posted: May 2, 2014 CRYSTAL CITY COUNCIL WORK SESSION AGENDA Thursday, May 8, 2014 7:00 p.m. Conference Room A Pursuant to due call and notice given in the manner prescribed by Section 3.01 of the City Charter, the work session of the Crystal City Council was held at p.m. on Thursday, May 8, 2014 in Conference Room A located at 4141 Douglas Drive, Crystal, Minnesota. I. Attendance Council members Staff Libby Norris Peak Therres Selton Revering Adams Larson Budziszewski Hansen Deshler Mathisen Hoffmann Norton Serres II. Agenda The purpose of the work session is to discuss the following agenda items: West Metro Fire -Rescue District fund balance policy Review financing plan for Crystal's share of emergency water supply Discuss refinancing options for Major Building Replacement Fund III. Adjournment The work session adjourned at p.m. Auxiliary aids are available upon request to individuals with disabilities by calling the City Clerk at (763) 531-1145 at least 96 hours in advance. TTY users may call Minnesota Relay at 711 or 1-800-627-3529. Memorandum CITY of CRYSTAL DATE: April 28, 2014 TO: Mayor and City Council 1 FROM: Anne Norris, City Manager SUBJECT: Discuss WMFD Fund Balance Policy The West Metro Fire -Rescue District (District) has separate funds for general operations, pension, capital equipment, and major apparatus. The general operations fund is the District's annual operations budget. The Capital Equipment fund was established to fund equipment and 10 staff vehicles purchases. The Major Apparatus fund was established to fund the purchase/replacement of 4 engines, 1 aerial truck and 4 rescue vehicles. The District has a fund balance policy (attached) which has been revised over the years. The current fund balance policy provides that the District will strive to maintain a general fund balance equal to 10% of the annual general fund budget. The calculation of reserve is defined: 1. The general fund balance is calculated based on the most recent audited fund balance of the general fund. 2. The goals for the general fund reserve shall be calculated as 10% of the subsequent general fund budget. 3. Annually the District Board will review the general fund balance reserve. Any amount by which the calculation in paragraph 1 (above) exceeds the calculation in paragraph 2 (above) will be distributed as follows: 70% to majore fire apparatus and 30% to capital equipment. These amounts will be considered a committed portion of the Capital Fund balance under the provisions of GASB 54. 4. If the fund balance calculated in paragraph 1 (above) falls below the threshold established in paragraph 2 (above), the Board will determine the appropriate action to replenish the fund at the next board meeting or specifically called meeting. The fund balance policy has been revised to reduce the amount needed for the general fund balance as both cities are invoiced and pay their contributions on a monthly basis, so there is sufficient cash flow for most District expenses. The Major Apparatus fund was established to fund future replacement of major vehicles (engines, aerial and rescues). However, during a work session of the District Board and both city councils some years ago, it was agreed both cities would fund their respective portions of the costs of replacement of major equipment rather than having the District save for these purchases. Over the last 18 months, Chief Larson has worked on a stable capital equipment plan over the next 11 years so that the cities' contributions are predictable with modest, planned increases and equipment is replaced or purchased on a scheduled basis. In the last 12 months, 1 of the 4 rescue vehicles has been replaced with a smaller, less expensive vehicle, utilizing funds in the Major Apparatus Fund. The cost of this vehicle was approximately $90,000. An additional 2 rescues will be purchased late in 2014 at an estimated cost of $190,000. After these purchases, there will be a balance of approximately $100,000 in the District's major apparatus fund and no funding plan. No major apparatus/equipment replacement is anticipated in the next 8-10 years. With no immediate use of the Major Apparatus Fund, the Board discussed whether to continue the use of the Major Apparatus Fund or to close that fund. If the fund were closed, the fund balance would be contributed to the Capital Equipment Fund to offset the annual increases to the cities to fully fund the Capital Equipment Fund. The District's auditor suggests the current restriction on the Major Apparatus fund is too restrictive and the funds would be better used in the general Capital Equipment Fund. The Board requested both city councils review this proposed change in District policy and also to discuss how the cities will fund future replacement purchases of District major equipment (whether each city will continue to plan for its share of the costs or whether the District should be saving for long-term major apparatus purchases.) Both city councils will be discussing this in May -June and then together with the District Board at the August work session/joint meeting. Attach: Current WMFD Fund Balance Policy Memo from Matt Mayer with Proposed Policy Revisions WMFD Capital Plan 2014-2025 WEST METRO FIRE -RESCUE DISTRICT GENERAL FUND FUND BALANCE POLICY Purpose The District shall maintain a general fund balance in order to bridge any cash flow needs and to meet obligations for unanticipated expenses such as insurance deductibles, uninsured losses, unexpected increases in supply/utility costs and other budget variables. The general fund budget provides for payroll and benefits for full and part-time employees, supplies, and adequate maintenance of buildings and equipment. Policy The District will strive to maintain a general fund balance equal to 10% of the annual general fund budget of the subsequent year. Calculation of Reserve 1. The general fund balance is calculated based on the most recent audited fund balance of the general fund. 2. The goal for the general fund reserve shall be calculated as 10% of the subsequent general fund budget. 3. Annually the District Board will review the general fund balance reserve. Any amount by which the calculation in paragraph 1 exceeds the calculation in paragraph 2 will be distributed as follows: 70% to major fire apparatus and 30% to capital equipment. These amounts will be considered a committed portion of the Capital Fund balance under the provisions of GASB 54. 4. If the fund balance calculated in paragraph 1 falls below the threshold established in paragraph 2, the board will determine the appropriate action to replenish the fund at the next board meeting or specially called meeting. Provisions of GASB 54 GASB 54 provides for classification of Fund Balance in the following categories: Nonspendable - This category includes the following: Amounts that are not expected to be converted to cash, such as prepaid items or inventory, Restricted — This category includes amounts that have an externally imposed constraint for a specific purpose, by external parties or legislation Constraints are legally enforceable Examples include unspent grant proceeds and donor restricted contributions Committed —This category includes amounts that have a self-imposed constraint for a specific Purpose Commitments require a Board resolution to make the constraint and a Board resolution to change or remove the constraint Fund balance commitment resolutions must be adopted before the end of the year, but the exact amounts can be determined after year-end Assigned —This category also includes amounts that have a self-imposed constraint for a specific purpose The constraint demonstrates the Board's intent The Board authorizes the Chief to assign fund balance that reflects the Board's intended use of those funds Remaining positive amounts in governmental funds other than the general fund are considered Assigned Unassigned — This category includes amounts that are available for any purpose Unassigned fund balance is reported only in the general fund and in other funds with negative fund balances Order of Spending When a fund has both restricted and unrestricted fund balance, it is the District's policy to use restricted resources first, then unrestricted resources as they are needed. When a fund has any combination of committed, assigned, and unassigned fund balance, it is the District's policy to use committed resources first, then assigned, and then unassigned resources as they are needed. Approved by the Board of Directors November 2, 2000 Modified by the Board of Directors December 15, 2004 (reserve balance adjusted from 25% to 17% of annual budget) Modified by the Board of Directors June 8, 2005 (reserve balance adjusted from 17% to 14% of annual budget) Modified by the Board of Directors November 14, 2006 (distribution of excess to vehicle and capital funds) Modified by the Board of Directors November 9, 2011 (GASB 54 terminology/clarification of use of excess) Modified by the Board of Directors April 11, 2012 (reserve balance adjusted from 14% to 10% with distribution 70% to major fire apparatus and 30% to capital equipment. These amounts will be considered a committed portion of the Capital Fund balance under the provisions of GASB 54) New Business H-1 To: West Metro Administration From: Matt Mayer, KDV Re: Capital Fund Balance Policy Current policy provides for the following components of Capital fund balance at the end of each fiscal year: • Committed for Major Apparatus — Amount represents 70% of general fund excess fund balance transfers. This balance is to be utilized only to offset the City's costs of periodic major apparatus purchases. • Committed for Capital Equipment —Amount represents 30% of general fund excess fund balance transfers. This balance is to be utilized for all other capital needs of the District. • Committed for Carryovers — Amount represents board -approved carryovers of unspent capital fund budget authorizations, including Turn Out Gear and SCBA roll -forwards. • Assigned Fund Balance (Uncommitted) — Amount represents the residual fund balance which has accrued over the years from unspent or underspent budget authorizations. Two Issues to Consider 1. As the District looks ahead to its capital needs over the course of the next 10 to 15 years, it may find the Committed for Major Apparatus set aside too restrictive. Currently the next opportunity to utilize this balance (which will have grown to nearly $240,000 by the end of 2012) is 2015 with the planned purchase of rescue vehicles. I understand that an alternative to this purchase may be in the works; if so, the next scheduled major apparatus purchase is in 2025. Without a re -definition of "major apparatus" or a revision to the fund balance policy, there is the potential that the District will be locking up nearly a quarter of a million dollars in available resources for more than a decade. 2. The member cities have demonstrated a desire that their combined general and capital annual contribution to the District is smoothed or level on a year-to-year basis. Because of the nature of capital needs, this can sometimes be a challenge. Allowing a portion of fund balance to be available as a way to smooth these annual contributions would be a valuable tool for administration to help in achieving the member cities' objectives. Recommendations Revisit the 70% major apparatus allocation with the Board. If the board agrees that current major apparatus needs have made this set-aside to restrictive, an alternative would be that both this 70% and the current 30% set-aside be pooled into a "Committed for Future Capital" account that could be used at the board's discretion for any specific future capital needs of the District. WEST METRO FIRE -RESCUE DISTRICT GENERAL FUND FUND BALANCE POLICY Purpose The District shall maintain a general fund balance in order to bridge any cash flow needs and to meet obligations for unanticipated expenses such as insurance deductibles, uninsured losses, unexpected increases in supply/utility costs and other budget variables. The general fund budget provides for payroll and benefits for full and part-time employees, supplies, and adequate maintenance of buildings and equipment. Policy The District will strive to maintain a general fund balance equal to 10% of the annual general fund budget of the subsequent year. Calculation of Reserve 1. The general fund balance is calculated based on the most recent audited fund balance of the general fund. 2. The goal for the general fund reserve shall be calculated as 10% of the subsequent general fund budget. 3. Annually the District Board will review the general fund balance reserve. Any amount by which the calculation in paragraph 1 exceeds the calculation in paragraph 2 will be distributed to capital equipment. These amounts will be considered a committed portion of the Capital Fund balance under the provisions of GASB 54. 4. If the fund balance calculated in paragraph 1 falls below the threshold established in paragraph 2, the board will determine the appropriate action to replenish the fund at the next board meeting or specially called meeting. Provisions of GASB 54 GASB 54 provides for classification of Fund Balance in the following categories: Nonspendable - This category includes the following: Amounts that are not expected to be converted to cash, such as prepaid items or inventory, Restricted ® This category includes amounts that have an externally imposed constraint for a specific purpose, by external parties or legislation Constraints are legally enforceable Examples include unspent grant proceeds and donor restricted contributions Committed — This category includes amounts that have a self-imposed constraint for a specific purpose Commitments require a Board resolution to make the constraint and a Board resolution to change or remove the constraint Fund balance commitment resolutions must be adopted before the end of the year, but the exact amounts can be determined after year-end Assigned — This category also includes amounts that have a self-imposed constraint for a specific purpose The constraint demonstrates the Board's intent The Board authorizes the Chief to assign fund balance that reflects the Board's intended use of those funds Remaining positive amounts in governmental funds other than the general fund are considered assigned Unassigned —This category includes amounts that are available for any purpose Unassigned fund balance is reported only in the general fund and in other funds with negative fund balances Order of Spending When a fund has both restricted and unrestricted fund balance, it is the District's policy to use restricted resources first, then unrestricted resources as they are needed. When a fund has any combination of committed, assigned, and unassigned fund balance, it is the District's policy to use committed resources first, then assigned, and then unassigned resources as they are needed. Approved by the Board of Directors November 2, 2000 Modified by the Board of Directors December 15, 2004 (reserve balance adjusted from 25% to 17% of annual budget) Modified by the Board of Directors June 8, 2005 (reserve balance adjusted from 17% to 14% of annual budget) Modified by the Board of Directors November 14, 2006 (distribution of excess to vehicle and capital funds) Modified by the Board of Directors November 9, 2011 (GASB 54 terminology/clarification of use of excess) Modified by the Board of Directors April 11, 2012 (reserve balance adjusted from 14% to 10% with distribution 70% to major fire apparatus and 30% to capital equipment. These amounts will be considered a committed portion of the Capital Fund balance under the provisions of GASB 54) 2014 -2025 Capital Plan Board Approved May 15, 2013 Year Purchased Project Description 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Station 12012 Station 2 2012 Interior Lighting $11,300 Station 3 2012 Station 12006 Station 2 2006 Vehicle Exhaust Systems $14,000 Station 3 2006 Station 1 Sleeping Quarter Furniture $5,000 Station 2 ADMINISTRATION/TECHNOLOGY Station 12008 Station 2 2007 Station Floor Recoating $45,000 $45,000 Station 3 2012 Station 12005 On-going Computer workstations $5,000 $4,800 $2,000 $4,800 $4,800 $4,800 $4,800 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 On-going Laptop workstations $2,000 $2,400 $2,500 $2,500 Training Room Furniture $2,500 Station 3 2005 $2,500 $2,500 $2,500 On-going Printers $2,000 $6,000 $10,000 $3,000 $2,000 Station 1 (7) $3,000 $2,000 Station 2 (5) Overhead Doors $147,000 $3,000 On-going Tablets $4,000 $4,000 $4,000 2009 Security System Upgrade $30,000 2009 LCD Projectors (portable) $1,500 2009 LCD Projector (fixed) $2,000 2006 Audio Recorder $5,000 2009 Telephone $20,000 LOGIS Cisco Access Points $2,500 LOGIS Fire Wall $5,500 LOGIS Cabling multi to single mode $5,200 LOGIS Station 1 Switch Upgrade $3,840 LOGIS Station 2 Switch Upgrade $6,044 LOGIS Wifi Controller $2,847 LOGIS Wifi replacement for obsolete unit $2,426 LOGIS Estimated Logis Cost $10,000 $10,000 $10,000 $10,000 $10,000 10000 10000 10000 10000 10000 10000 Total $7,000 $15,200 $25,357 $23,300 $14,800 $17,300 $16,300 $24,500 $47,000 $24,500 $35,000 $21,500 $18,000 $17,500 Station 12012 Station 2 2012 Interior Lighting $11,300 Station 3 2012 Station 12006 Station 2 2006 Vehicle Exhaust Systems $14,000 Station 3 2006 Station 1 Sleeping Quarter Furniture $5,000 Station 2 BUILDING Station 12008 Station 2 2007 Station Floor Recoating $45,000 $45,000 Station 3 2012 Station 12005 Station 2 2004 Apparatus Bay Painting $30,000 $30,000 Station 3 2011 30,000 Station 12008 Station 2 2006 Interior Painting $20,000 $20,000 Station 3 2005 $30,000 Station 12000 Station 2 2001 Training Room Furniture $10,000 $20,000 Station 3 2005 Station 12005 Station 2 2005 Office Furniture $2,000 $6,000 $10,000 Station 3 2012 Station 1 (7) Station 2 (5) Overhead Doors $147,000 Station 3 (9) Station 12012 Station 2 2012 Interior Lighting $11,300 Station 3 2012 Station 12006 Station 2 2006 Vehicle Exhaust Systems $14,000 Station 3 2006 Station 1 Sleeping Quarter Furniture $5,000 Station 2 2014 -2025 Capital Plan Bard Approved May 15, 2013 Year Purchased Project Description 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Station 12008 RESPIRATORY PROTECTION EQUIPMENT Station 2 Kitchens $3,000 Station 3 Station 1 Station 2 Bathroom Upgrades $5,000 $5,000 $5,000 Station 3 Station 12007 Station 12008 Station 2 2006 Carpeting/Alternative Flooring $25,000 $ 10,000 Station 3 2005 Station 12011 Station 2 2005 Washing Machines $2,000 $2,000 Station 31991 $50,000 $3,000 Station 1198511,000 Pressure Washers $ Station 21972 $50,000 $50,000 Station 3 1991 Station 3 Pressure Washer System $10,000 $50,000 Total $27,300 $11,000 $205,000 $25,000 $80,000 $70,000 $45,000 $0 $20,000 $73,000 RESPIRATORY PROTECTION EQUIPMENT Station 12007 Station 2 2007 54-SCBA $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 Station 3 2007 Station 12006 Station 2 2007 3 -Fill Stations Station 3 2011 Station 11995 Station 2 1995 3 -Breathing Air Compressors $60,000 Station 31999 Total $50,000 $50,000 $110,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 PERSONAL PROTECTIVE EQUIPMENT 2007 10 -Turnout Gear Sets $40,000 $25,000 $25,750 $26,500 $27,250 $28,000 $28,750 $29,500 $30,250 $31,000 $31,750 $32,500 Total $40,000 $0 $25,000 $25,000 $25,750 $26,500 $27,250 $28,000 $28,750 $29,500 $30,250 $31,000 $31,750 $32,500 POWERED EQUIPMENTITOOLS 2012 Thermal Imagers 2011 Gas Powered Fans $25,000 2011 Electric Fans $25,000 2011 Chain Saws $18,000 2011 Rescue Saw $15,000 2012 Hydraulic Rescue Tool $25,000 Total $25,000 $0 $0 $0 $0 $0 $0 $0 $0 $83,000 $0 $0 $0 $0 COMMUNICATION EQUIPMENT 2006 MDCs $25,000 $27,500 $35,000 $35,000 $40,000 $40,000 2004 Portable Radios $150,000 $50,000 $50,000 $50,000 2004 Mobile Radios/Apparatus and Operations $55,000 Year Purchased On -Going 2011 Project Description 2012 2013 COMMUNICATION EQUIPMENT Minitor Pagers $3,700 2014 W2025 Capital Plan Board Approved May 15, 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 $5,500 $5,500 $5,500 $5,500 $5,500 Portable Radio Batteries $6,000 $6,800 $10,000 $10,000 Total $89,700 $27,500 $5,500 $12,300 $55,500 $90,500 $90,500 $0 $10,000 $0 $40,000 $50,000 $0 $0 TECHNICAL RESCUE EQUIPMENT 2005 PPE $6,500 2005 Rope $2,000 $5,000 2000 Hardware 2010 RIT Bags/Equipment 1994 Trailer 2006 Boat Boat Motor $6,000 2005 Ice Rescue Suits (9) $18,000 Total $2,000 $11,500 $0 $6,000 $0 $0 $0 $18,000 $0 $0 $0 $0 $0 $0 HAZARDOUS MATERIALS EQUIPMENT 2010 Generator 2004 Trailer 2010 Mister 2009 Gas Monitors $3,000 $5,000 $5,000 Total $3,000 $5,000 $0 $0 $0 $5,000 $0 $0 $0 $0 $0 $0 $0 $0 PREVENTION 2010 Fire Extinguisher Training Prop $10,000 2009 Hazard House 2013 Sparky (Special Fund) 1999 Display Board $3,000 Total $0 $0 $0 $3,000 $0 $0 $0 $0 $10,000 $0 $0 $0 $0 $0 TRAINING Rescue Manikins (Special Fund) $2,000 Total $2,000 MEDICAL EQUIPMENT 2009 On -Going 1990 LUCAS AED $4,000 $4,200 $4,200 $4,200 $4,200 $4,200 $4,200 $8,000 2010 Pulse Ox 2010 0/2 Cylinders Total $4,000 $4,200 $4,200 $4,200 $4,200 $12,200 $4,200 $0 $0 $0 $0 $0 $0 $0 FIRE SUPRESSION EQUIPMENT 2011 Hose $5,000 $10,000 $10,000 2007 Nozzles 2011 Adapters/Couplings/Reducers Total $5,000 $0 $0 $0 $0 $0 $10,000 $10,000 $0 $0 $0 $0 $® $® HAZARDOUS MATERIALS EQUIPMENT 2010 Generator 2004 Trailer 2010 Mister 2009 Gas Monitors $3,000 $5,000 $5,000 Total $3,000 $5,000 $0 $0 $0 $5,000 $0 $0 $0 $0 $0 $0 $0 $0 PREVENTION 2010 Fire Extinguisher Training Prop $10,000 2009 Hazard House 2013 Sparky (Special Fund) 1999 Display Board $3,000 Total $0 $0 $0 $3,000 $0 $0 $0 $0 $10,000 $0 $0 $0 $0 $0 TRAINING Rescue Manikins (Special Fund) $2,000 Total $2,000 2014 -2025 ,Capotai Plan Board ApprDved May 15, 2013 Year Purchased Project Description 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 STAFFJUTILT`( VEHICLES 2013 U-31 $51,500 $50,000 2004 C-11 $42,000 $52,000 2004 C-24 $43,000 2007 C-31 $45,000 2003 U-31 $40,000 $51,000 2008 C-2 $46,000 2008 C-23 $47,000 2006 U-11 $44,000 2011 U-21 $49,000 2010 U-32 $48,000 Total $51,500 $0 $40,000 $42,000 $43,000 $44,000 $45,000 $46,000 $47,000 $48,000 $49,000 $50,000 $51,000 $52,000 Grand Total $304,500 $126,400 $415,057 $190,800 $273,250 $350,500 $288,250 $176,500 $212,750 $308,000 $204,250 $202,500 $150,750 $152,000 MAJOR APPARATUS 2012 Heavy Rescue / evaluate 2004 Aerial / Next Purchase 2029 2011 Engines / Evaluate / Form Committee 2021 2013 Light Rescues $90,000 $190,000 $110,000 (2) $220,000 2013 Grass Utility $48,070 $50,000 Total $138,070 $1901000 Memorandum :.CITY€9f +CRYSTAL DATE: May 1, 2014 TO: Mayor and City Council Anne Norris, City Manager FROM: Charles Hansen, Finance Director SUBJECT: Discuss Financing Options for JWC Emergency Water Supply Background: The City Council discussed financing options for Crystal's share of the Joint Water Commission (JWC) emergency water supply backup project at the February 18, 2014 work session and again at the April 10, 2014 work session. A majority of the Council preferred a financing option combining of Water Fund cash on hand and an internal loan of $600,000 from one or more other city funds to pay the JWC for Crystal's share of the wells. This relied on a combination of a $1.00 per month fixed fee added to all customer bills and more rapid increases in the water per unit charge to repay the loan. However the City Council wanted the increased the water per unit charge to show as a separate Emergency Well Surcharge line on the utility bill. It also needs to be understood that the emergency wells are not the only new capital cost facing the Water Fund. In the 2013 budget, capital outlays for Water Fund totaled $705,475 for the five year period of 2013 - 2017. Crystal's share of the JWC capital outlays totaled $1,368,900 for the five year period of 2013 — 2017. In the 2014 budget, capital outlays for Water Fund totaled $2,332,057 for the five year period of 2014 — 2018. The JWC capital improvement plan was updated in December 2013. In this updated plan, Crystal's share of the JWC capital outlays totaled $1,667,185 for the five year period of 2014 — 2018. This is in addition to Crystal's estimated $1,215,000 share of the emergency wells. Comparing the estimate of Crystal's own five year capital outlays and its share of JWC's five year capital outlays in the 2013 budget to our current estimates shows an increase of $1,924,867 plus $1,215,000 for the emergency wells. Our estimate of total capital outlays for the five year period has increased by $3,139,867 in the last budget cycle. Plans must be adjusted to finance this entire amount, not just the emergency wells. The change in Crystal's five year capital outlays is shown on Attachment B. Financing Plan Rate Increases. The City Council requested two additional charges on the utility bill, each identified as an Emergency Well Surcharges. The first is to be a $3.00 per quarter, per customer fixed fee. The second is to be a per unit charge (amount to be determined) that will be shown on the bill separate from the regular per unit charge. Based on staff's understanding of the utility billing software, I told you that the software couldn't do this. Since the last meeting, I found out that New Hope asked LOGIS to do this and the LOGIS staff worked out a way to manipulate the billing software so it works. Attachment A shows the revised Rate Study. It includes an emergency well fixed charge, an emergency well unit charge and faster increases in the regular unit charges than was shown in the Water Rate Study in the 2014 Adopted Budget. The emergency well fixed surcharge is $3.00 per customer, per quarter. The emergency well unit surcharge in Attachment A is $0.07 per unit. Together these surcharges raise $1,288,200 over ten years. This is enough to replenish the $615,000 drawn from Water Fund cash on hand, repay the $600,000 internal loan, and pay $61,600 of interest on the internal loan. Increases in the regular per unit water charge are $0.20 in 2015 and $0.15 per year after that. These are higher than the unit charge increases shown in the 2014 Adopted Budget. Internal Loan The Sewer Fund and Street Light Fund both have adequate cash balances throughout the ten year study period to supply the cash for the loan. I recommend that each of them supply $300,000 for the loan. Attachment C shows the structure of a $600,000 loan with payments from 2015 through 2023 and an interest rate of 2%. If the loan was made interest free, it would only save about $61,600 over the ten years. Utility Bills Two commercial utility bills are attached. Commercial bills have more lines of charges on them than do residential bills. We are limited to one bill format for all bills. Two additional lines for emergency well surcharges appear to just barely fit on the first bill for Holiday. The second bill for Twin City Vacuum has extra lines related to adjustment to their bill. Two additional lines on this bill would may cause the Total Amount Due line to print over the A 10% penalty line, making hard to read. Or it may cause the bill to print on a second page. A second page would result in additional printing charges. We have never had this on a bill before, so we don't know how the printer would handle it. Conclusion: The measures described above appear to finance the emergency wells and other capital outlays for the next ten years. Projections ten years into the future are not reliable and adjustments to the plan will be needed as time passes. WATER UTILITY RATE STUDY 2014 Adopted Budget with paying for emergency wells using half cash and half internal loan tmergency well Tlxea cnar es ana emer enc well per unit rale Increase PROFIT & LOSS 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 REVENUES 600,000 600,000 600,000 $2.75 $3.36 $3.45 $3.55 $3.65 $3.75 $3.85 $3.96 Water unit charges 2,600,000 2,760,000 2,880,000 2,970,000 3,060,000 3,150,000 3,240,000 3,330,000 3,420,000 3,510,000 3,600,000 Fixed service charges 150,000 150,000 155,882 160,294 164,706 169,118 173,529 177,941 182,353 186,765 191,176 Ermergency well unit charges 21,000 42,000 42,000 42,000 42,000 42,000 42,000 42,000 42,000 42,000 Ermergency well fixed charge 46,800 93,600 93,600 93,600 93,600 93,600 93,600 93,600 93,600 93,600 Penalties 57,000 60,000 61,500 63,038 64,613 66,229 68,216 70,262 72,370 74,541 76,777 Special Assessments 60,000 60,000 61,500 63,038 64,613 66,229 68,216 70,262 72,370 74,541 76,777 JWC reimbursement 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 Investment Income 27,000 23,300 25,646 28,989 27,477 27,655 24,468 21,292 18,476 15,964 13,664 Miscellaneous 57,000 57,000 58,425 59,886 61,383 62,917 64,805 66,749 68,751 70,814 72,938 State testing fee billed 50,000 50,000 51,250 52,531 53,845 55,191 56,846 58,552 60,308 62,118 63,981 Internal loan proceeds 600,000 3,013,000 3,840,100 3,441,804 3,545,375 3,644,237 3,744,939 3,843,680 3,942,659 4,042,229 4,142,342 4,242,914 TOTAL REVENUES EXPENSES Salaries & Wages 230,449 235,494 241,381 247,416 253,601 259,941 267,740 275,772 284,045 292,566 301,343 Fringe Benefits 81,183 89,084 93,538 98,215 103,126 108,282 111,531 114,877 118,323 121,873 125,529 JWC - Operations 1,908,730 2,013,304 2,069,677 2,127,627 2,187,201 2,248,443 2,311,399 2,376,118 2,442,650 2,511,044 2,581,353 JWC - Capital 229,500 358,225 364,500 725,760 90,450 128,250 350,000 350,000 350,000 350,000 350,000 JWC - emergency wells 1,215,000 JWC 2 cents/1,000 gal. fee 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 Professional/Contractual 94,568 97,755 100,688 103,708 106,820 110,024 113,325 116,725 120,226 123,833 127,548 Utilities 4,200 4,140 4,264 4,392 4,524 4,660 4,799 4,943 5,092 5,244 5,402 Repair & Maintenance 38,100 37,800 38,934 40,102 41,305 42,544 43,821 45,135 46,489 47,884 49,320 Supplies 50,500 50,500 52,015 53,575 55,183 56,838 58,543 60,300 62,109 63,972 65,891 Communications & Printing 7,600 3,500 3,605 3,713 3,825 3,939 4,057 4,179 4,305 4,434 4,567 Insurance & Training 16,265 12,703 13,084 13,477 13,881 14,297 14,726 15,168 15,623 16,092 16,575 Depreciation 183,676 183,470 190,000 195,000 200,000 210,000 210,000 210,000 210,000 210,000 210,000 Admin. Service Charge 117,472 118,451 121,412 124,448 127,559 130,748 134,670 138,710 142,872 147,158 151,572 Debt service on internal loan 74,000 73,7601 73,500 73,220 72,9201 72,600 72,260 72,900 76,500 2,974,243 4,431,426 3,379,098 3,823,194 3,272,974 3,403,187 3,709,531 3,796,527 3,885,992 3,978,999 4,077,600 TOTAL EXPENSES NET INCOME or -LOSS 38,757 -591,326 62,705 -277,818 371,263 341,752 134,149 146,132 156,237 163,343 165,314 ENDING FUND BALANCE 7,494,888 6,903,562 i 6,966,268 i 6,688,449 7,059,712 7,401,464 7,535,613 7,681,74517,837,98218,001,3251 8,166,639 2,163,732 2,262,611 1,709,755 1,449,461 1,099,063 921,848 815,600 709,749 615,881 532,118 455,461 CASH FLOW Cash & Investments, Beg. of Year Net income 38,757 -591,326 62,705 -277,818 371,263 341,752 134,149 146,132 156,237 163,343 165,314 Add back Depreciation 183,676 183,470 190,000 195,000 200,000 210,000 210,000 210,000 210,000 210,000 210,000 Deduct Capital Outlay 123,5541 145,0001 513,0001 267,5791 748,4781 658,0001 450,0001 450,0001 450,0001 450,000 450,000 2,262,6111 1,709,75511,449,46111,099,0631 921,8481 815,6001 709,7491 615,8811 532,1181 455,461 380,775 Cash & Investments, End of Year Retail Rate per 1,000 gallons, Tier 1 4.05 $4.30 $4.50 $4.65 $4.80 $4.95 $5.10 $5.25 $5.40 $5.55 $5.70 Retail Rate per 1,000 gallons, Tier 2 4.45 $4.70 $4.90 $5.05 $5.20 $5.35 $5.50 $5.65 $5.80 $5.95 $6.10 Retail Rate per 1,000 gallons, Tier 3 4.85 $5.10 $5.30 $5.45 $5.60 $5.75 $5.90 $6.05 $6.20 $6.35 $6.50 Rate increase from prior year 2.11% 5.15% 3.92% 2.83% 2.75% 2.68% 2.61% 2.54% 2.48% 2.42% 2.36% 1 $0.071 $0.071 so.071 $0.071 $0.071 $0.071 $0.071 $0.071 $0.071 $0.07 Ermergency well unit charges Interest rate actual/projected Crystal average rate Unit sales (1,000 gallons) JWC operating rate, /1,000 gallons JWC capital rate, per 1,000 gallons Units purchased from JWC 1.00% 1.00% 1.50% 2.UU% 2.5U% 3.UU"/o 3.UU1/0 3.UU1/0 :3.UU1/o :3.UU"/o 3.UU1/o $4.33 $4.60 $4.80 $4.95 $5.10 $5.25 $5.40 $5.55 $5.70 $5.85 $6.00 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 $2.75 $3.36 $3.45 $3.55 $3.65 $3.75 $3.85 $3.96 $4.07 $4.19 $4.30 $0.33 $0.60 $0.61 $1.21 $0.15 $0.21 $0.58 $0.58 $0.58 $0.58 $0.58 693,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 Attachment A Attachment B Water Fund Five Year Capital Improvement Plan 2013 Adopted Budget BU Project Description 2013 2014 2015 2016 2017 6234 Water mains in street reconstruction projects 36,328 35,590 49,079 73,478 6200 Crystal reservoir perimeter fence 17,000 6232 Utility building - replace furnace unit - 2,000 6228 Utility building - roof replacement 36,000 - - 6235 Gate valve replacement 75,000 75,000 75,000 6237 Replace #434--- 1996 air compressor 13,000 6236 Replace #436 - 1996 portable streamer 8,000--- 6215 Replace #447 - 2002 tandem dump truck 210,000 Total Water Total 55,328 111,000 110,590 280,079 148,478 705,475 Joint Water Commission Total 1 229,500 309,150 432,000 205,200 193,050 11368,900 2,074,375 2014 Adopted Budget BU Project Description 2014 2015 2016 2017 2018 6207 - - Replace Sensus meter servers -70,0-00- 6231 New public works facility - water 40% share 400,000 6230 Water Main replacement/relining 600,000 600,000 6234 Water mains in street reconstruction projects 38,000 49,079 73,478 6235 Gate valve replacement 75,000- 75,000 75,000 6236 Replace #436 - 1996 portable streamer 8,500 6215 Replace #447 - 2002 tandem dump truck 210,000 6227 Replace #427 - 2004 Chevy 3/4 ton truck 40,000 6237 Replace #434 - 1996 air compressor 18,000 Total Water Total 145,000 513,000 267,579 748,478 658,000 2,332,057 Joint Water Commission Total, amended Jan_ 14 358,225 364,500 725,760 90,450 1281250 1,667,185 Emergency Wells 1,215,000 1,215,000 5,214,242 Emergency Wells Debt Structure $600,000 Internal Loan Term: 10 years Attachment C 2% interest rate Total Debt Year Principal Interest Service Balance 2014 0 0 0 600,000 2015 62,000 12,000 74,000 538,000 2016 63,000 10,760 73,760 475,000 2017 64,000 9,500 73,500 411,000 2018 65,000 8,220 73,220 346,000 2019 66,000 6,920 72,920 280,000 2020 67,000 5,600 72,600 213,000 2021 68,000 4,260 72,260 145,000 2022 70,000 2,900 72,900 75,000 2023 75,000 1,500 76,500 0 Total 600,000 61,660 661,660 cmc' OtlWAL 4141 DOUGLAS DRIVE t CRYSTAL, MN 55422-1696 Please Return This Portion With Your Payment ADDRESS SERVICE REQUESTED HOLIDAY 4567 AMERICAN BLVD W BLOOMINGTON MN 55437-1123 0011913803 00046532 04/21/2014 AMOUNT DUE 111111111111'11111111II111111111111111111111111111IIII11111111III III 001191380300046532000711587 REMIT AND MAKE CHECKS PAYABLE • CITY OF CRYSTAL ATTN: UTILITY BILLING 4141 DOUGLAS DRIVE NORTH CRYSTAL, MN 55422-1696 SERVICE ADDRESS: 5410 LAKELAND AVE N SERVICE ADDRESS: 5410 LAKELAND AVE N Meter # Current (Thousands Read Date Water Use of Gallons) Prev. Read Pres. Read Usage 63855943 03/25/2014 134408 755327 621 63855970 03/25/2014 1256344 1310893 55 67283949 01/23/2014 6989000 7274000 285 63523269 03/25/2014 2434181 2434181 0 SALES TAX Water Total Water Consumption: Use History 961 SALES TAX 0.06 TOTAL CURRENT CHARGES: 7,115.87 i000 Z Z 0 Boo 0 600 i; Z y 400 00 x r 200 0 ■ Water tj Irrigation Message Center *If you pay your utility bill electronically through your bank, please use both your customer and account numbers on your payments. *An automatic payment plan is available, providing for payment of your utility bill directly from your bank account on the due date of the bill. Authorization forms are available on the city web site and at City Hall. *Crystal offers a discounted sewer rate for seniors age 65 and over. To apply, bring a valid ID to City Hall showing your date of birth & complete a form. BILLING 974.24 PAYMENT - THANK YOU 974.24CR BALANCE FORWARD: 0.00 STATE TESTING FEE 1.59 WATER CONSUMPTION - TIER 1 !MEN. !ME WATER CONSUMPTION - TIER 2 180 units x 4.70 846.00 WATER CONSUMPTION - TIER 3 0 WATER SERVICE CHARGE 37.88 ■ Water tj Irrigation Message Center *If you pay your utility bill electronically through your bank, please use both your customer and account numbers on your payments. *An automatic payment plan is available, providing for payment of your utility bill directly from your bank account on the due date of the bill. Authorization forms are available on the city web site and at City Hall. *Crystal offers a discounted sewer rate for seniors age 65 and over. To apply, bring a valid ID to City Hall showing your date of birth & complete a form. BILLING 974.24 PAYMENT - THANK YOU 974.24CR BALANCE FORWARD: 0.00 STATE TESTING FEE 1.59 WATER CONSUMPTION - TIER 1 235 units x 4.30 1,010.50 WATER CONSUMPTION - TIER 2 180 units x 4.70 846.00 WATER CONSUMPTION - TIER 3 546 units x 5.10 2,784.60 WATER SERVICE CHARGE 37.88 IRRIGATION - SERVICE CHARGE 4.75 SEWER 961 units x 2.15 2,066.15 STORM DRAINAGE - COM 301.86 STREET LIGHTS 4.65 HENN CO STADIUM TAX 1.17 SALES TAX 54.65 TRANSIT AREA IMP TAX 2.01 SALES TAX 0.06 TOTAL CURRENT CHARGES: 7,115.87 TOTAL AMOUNT DUE: 7,115.87 A 10% penalty will be applied if payment is not received by the due date on the bill. The City of Crystal bills quarterly. Moving?? Please call in advance for a final reading. When you pay by check the City will present your check for payment electronically. Your original check will be destroyed and you will not receive your cancelled check back. City of Crystal 1 4141 Douglas Drive North I Crystal, MN 55422-1696 1 www.crystalmn.gov 1763-531-1114 CCc�1 rn� 4141 DOUGLAS DRIVE CRYSTAL, MN 55422-1696 Please Return This Portion With Your Payment DD ADDRESS SERVICE REQUESTED TWIN CITY VACUUM 5415 WEST BROADWAY CRYSTAL MN 55428-3505 00 0012100202 047266 04/20/2014 -AMOUNT DUE X74.9.82 IIIIIIIIIII IIIIIIIIIIII III III IIIIIIII IIII IIIIIIIIII I III 001210020200047266000074982 REMIT AND MAKE CHECKS PAYABLE • CITY OF CRYSTAL ATTN: UTILITY BILLING 4141 DOUGLAS DRIVE NORTH CRYSTAL, MN 55422-1696 SERVICE ADDRESS: 5415 WEST BROADWAY SERVICE ADDRESS: 5415 WEST BROADWAY ADUSTMENT - HENN CO STADIUM TAX 0.73CR ADUSTMENT - SALES TAX WATER 33.26CR ADUSTMENT - TRANSIT TAX 1.21 CR BILL CANCELLATION 812.64CR BILLING 1,432.67 ADJUSTMENT - SEWER 168.55CR ADJUSTMENT - WATER 479.10CR BALANCE FORWARD: 62.82CR STATE TESTING FEE Meter # (ThousandsCurrent Water Use Gallons) Read Date Prev. Read Pres. Read Usage WATER CONSUMPTION - TIER 2 30 units x 4.70 65835246 03/25/2014 125936 226736 101 4.75 SEWER 101 units x 2.15 Water Total Water Consumption: 101 Use History N Z 0 J 120 100 4.65 HENN CO STADIUM TAX 0.73 0 N O Q e0 60 TRANSITAREA IMP TAX 1.21 TOTAL CURRENT CHARGES: x 40 20 0 749.82 ■ Water Message Center ADUSTMENT - HENN CO STADIUM TAX 0.73CR ADUSTMENT - SALES TAX WATER 33.26CR ADUSTMENT - TRANSIT TAX 1.21 CR BILL CANCELLATION 812.64CR BILLING 1,432.67 ADJUSTMENT - SEWER 168.55CR ADJUSTMENT - WATER 479.10CR BALANCE FORWARD: 62.82CR STATE TESTING FEE 1.59 WATER CONSUMPTION - TIER 1 30 units x 4.30 129.00 WATER CONSUMPTION - TIER 2 30 units x 4.70 141.00 WATER CONSUMPTION -TIER 3 41 units x 5.10 209.10 WATER SERVICE CHARGE 4.75 SEWER 101 units x 2.15 217.15 STORM DRAINAGE - COM 70.20 STREET LIGHTS 4.65 HENN CO STADIUM TAX 0.73 SALES TAX 33.26 TRANSITAREA IMP TAX 1.21 TOTAL CURRENT CHARGES: 812.64 TOTAL AMOUNT DUE: 749.82 A 10% penalty will be applied if payment is not received by the due date on the bill. The City of Crystal bills quarterly. Moving?? Please call in advance for a final reading. When you pay by check the City will present your check for payment electronically. Your original check will be destroyed and you will not receive your cancelled check back. City of Crystal 1 4141 Douglas Drive North I Crystal, MN 55422-1696 1 www,crystalmn.gov 1763-531-1114 CITY of CRYSTAL DATE: May 1, 2014 Memorandum TO: Mayor and City Council Anne Norris, City Manager FROM: Charles Hansen SUBJECT: Replenishing the Major Building Replacement Fund Public Works Facility The Public Works Facility (PWF) is currently estimated to cost about $3,000,000 for land acquisition and $10,000,000 for construction. The Major Building Replacement Fund (MBRF) had $10,300,000 as of December 31, 2013 that will be entirely used up for the PWF. In addition, approximately $1,000,000 will be contributed by the utility funds and $500,000 by the EDA. This leaves a funding gap of approximately $1,200,000. This gap may be filled by either finding $1,200,000 that can be transferred to the MBRF from other city funds or by continuing for another two years (2015 & 2016) the tax levy that has been paying for the County Highway 81 bonds. Replenishing the Maior Building Replacement Fund There are no easy sources of revenue. Most money coming from outside the city is Local Government Aid that the State grudgingly sends us and a few Federal grants that are committed to specific purposes. All other possible revenue sources involve collecting taxes or fees from homes and businesses located within Crystal's borders. The city has little or no authority to collect revenue from anyone outside of the city. Any decision to replenish the MBRF is going to be difficult. The only ways to come up with the money are to make a major service reduction to free up existing revenue for the MBRF or to create new revenue from continuing the $563,153 County Highway 81 tax levy or a new fee such as a franchise fee. Any new or continued tax or fee will be unpopular. Other Future Building Protects A project to replace or expand & remodel the Police Station is the next significant project that has been identified. The timing, scope and cost of this project are yet to be determined. Page 1 of 2 Continuing the $563,153 annual property tax levy beyond 2016 and depositing the revenue in the MBRF would start to rebuild the fund. There would probably be only one to three million dollars in it at the time the Police Station construction would commence. This wouldn't pay for the Police Station construction but would allow the City to avoid bonding for the entire cost. Conclusion Replenishing the Major Building Replacement Fund is a worthy goal. Having cash on hand to pay for at least part of future construction projects will make those projects easier. The City Council will need to decide if it is willing to commit to replenishing the Major Building Replacement Fund and how it is willing to fund such a decision. Page 2 of 2 Major Building Replacement Fund (Fund 408) Multi -Year Capital Improvement Plan 2014 Adopted Budget Actual 2013 2014 2015 2016 2017 2017 Capital Outlays Public Works Facility - Design 43,864 Public Works Facility - Land 3,000,000' Public Works Facility - Construction 5,000,000 5,000,000 Total Capital Outlay Funding Sources 43,864 8,000,000 5,000,0001 0 0 0 Property Tax levy 563,153 563,153' 563,153 563,153.. Interest Income 21,169II 60,000', 28,463 -11,242' -255 16,581 Operating Transfer from Econ. Dev. Auth. 500,000', Reimbursement from Utility Funds 1,000,0001 Total Funding Sources _ 21,1691i 560,0001 1,591,616' 551,911 562,8981 579,734'. Budgeted Expenditures (Over)/Under Funding Sources, -22,6951,1-7,440,0001,-3,408,384' 551,9111 562,8981 579,7341 Year End Fund Balance Assumed Return on Investments 10,286,268 1.5% 2,846,268 1.0% -562,116 1.0% -10,206 2.0% 552,692 2.5% 1,132,426 3.0%