Loading...
HomeMy WebLinkAbout2014 Water Wastewater Rate Study 0,1 Watson &Associates ECONOMISTS LTD. THE MUNICIPALITY OF BAYHAM WATER AND WASTEWATER RATE STUDY _. T P..! N!►�� .e.,.�i,^'} \. �re"�++ems^ 111 3 y 1r. „ _ITI r1'�" W 1"M1 , ;kms- „ a j Elam! o .� ii as II!I I Plaza Three 101-2000 Argentia Rd. Mississauga,Ontario Canada L5N 1V9 Phone: (905)272-3600 Fax:(905)272-3602 e-mail: info@watson-econ.ca AUGUST 26, 2014 � www.watson-econ.ca 7 r lanning for growth CONTENTS Page EXECUTIVE SUMMARY (i) 1. INTRODUCTION 1.1 Background 1-1 1.2 Study Process 1-2 1.3 Regulatory Changes in Ontario 1-2 1.4 Sustainable Water and Sewage Systems Act 1-3 1.5 Financial Plans Regulation 1-4 1.6 Water Opportunities Act, 2010 1-6 1.7 Forecast Growth and Servicing Requirements 1-7 2. CAPITAL INFRASTRUCTURE NEEDS 2.1 Capital Forecast 2-1 3. LIFE CYCLE COSTING 3.1 Overview of Life Cycle Costing 3-1 3.1.1 Definition 3-1 3.1.2 Financing Costs 3-1 3.1.3 Costing Methods 3-3 3.2 Impact on Budgets 3-6 4. CAPITAL COST FINANCING OPTIONS 4.1 Summary of Capital Cost Financing Alternatives 4-1 4.2 Development Charges Act, 1997 4-2 4.3 Municipal Act 4-3 4.4 Grant Funding Availability 4-4 4.5 Existing Reserves/Reserve Funds 4-5 4.6 Debenture Financing 4-5 4.7 Infrastructure Renewal Bonds 4-6 4.8 Recommended Capital Financing Approach 4-7 5. OVERVIEW OF EXPENDITURES AND REVENUES 5.1 Water Operating Expenditures 5-1 5.2 Water Operating Revenues 5-1 5.3 Wastewater Operating Expenditures 5-4 5.4 Wastewater Operating Revenues 5-4 6. PRICING STRUCTURES 6.1 Introduction 6-1 6.2 Alternative Pricing Structures 6-2 6.3 Assessment of Alternative Pricing Structures 6-4 6.4 Rate Structures in Ontario 6-8 6.5 Recommended Rate Structures 6-8 Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx CONTENTS Page 7. ANALYSIS OF WATER AND WASTEWATER RATES AND POLICY MATTERS 7.1 Introduction 7-1 7.2 Water Rates 7-1 7.3 Wastewater Rates 7-3 7.4 Alternate Calculation for the Bayham/Richmond Water System 7-3 8. RECOMMENDATIONS 8-1 APPENDICES A BAYHAM & WATER SYSTEM INVENTORY DATA A-1 B BAYHAM WASTEWATER SYSTEM INVENTORY DATA B-1 C BAYHAM SYSTEM DETAILED WATER RATE CALCULATIONS C-1 D RICHMOND SYSTEM DETAILED WATER RATE CALCULATIONS D-1 E COMBINED BAYHAM & RICHMOND DETAILED WATER RATE CALCULATIONS E-1 F BAYHAM SYSTEM DETAILED WASTEWATER RATE CALCULATIONS F-1 Watson and Associates Economists Ltd. H:lBayham12014 W&WW Rate Study and O.Reg Financial PIanlReport\Report.docx EXECUTIVE SUMMARY Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx (i) EXECUTIVE SUMMARY The Municipality of Bayham retained Watson & Associates Economists Ltd. (Watson) to undertake a water and wastewater rate study. Watson provided a water and wastewater rate study in 2006 and a Water Financial Plan in 2010. This study extends off of those studies, updating the analysis for current capital and operating forecasts, costing for lifecycle cost requirements, current consumption and customer profiles. The results of this analysis provide updated water and wastewater base charges and volume rates for customers within the Municipality of Bayham. The rate analysis contained herein continues to provide fiscally responsible practices that are in line with current Provincial legislation at a level of rate increases that are reasonable. The monthly base charge rates and volume rates for water and wastewater are anticipated to increase annually by 5% each year from 2014 to 2024 for the Bayham system while the Richmond system will increase at a rate of 10% annually from 2014 to 2024. Table ES-1 to ES-3 summarizes the recommended water (Bayham System, Richmond System) and wastewater (Bayham System) rates and average annual bill (assuming an annual volume of 198 m3) based on the analysis provided herein over the forecast period to 2024: Table ES-1 Average Annual Residential Water Bill(Bayham-based on annual comsumption of 198 m3) Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Base Monthly Charge $ 11.70 $ 11.93 $ 12.17 $ 12.42 $ 12.66 $ 12.92 $ 13.18 $ 13.44 $ 13.71 $ 13.98 $ 14.26 Annual Base Charge $ 140.40 $ 143.21 $ 146.07 $ 148.99 $ 151.97 $ 155.01 $ 158.11 $ 161.28 $ 164.50 $ 167.79 $ 171.15 Volume Charge per m3 $ 2.82 $ 2.97 $ 3.11 $ 3.27 $ 3.43 $ 3.60 $ 3.78 $ 3.97 $ 4.17 $ 4.38 $ 4.60 Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198 198 Annual Voume Charge 558.36 587.30 616.66 647.49 679.39 713.28 748.99 786.52 825.84 867.12 910.42 Total Annual Water Bill $ 698.76 $ 730.50 $ 762.73 $ 796.49 $ 831.36 $ 868.29 $ 907.10 $ 947.80 $ 990.34 $1,034.91 $1,081.57 The Richmond System was formerly a private communal system for 53 users, which was recently acquired as a result of an order by the province. Improvements have been made for treatment to ensure water quality. Further improvements are required in the near future to replace the distribution system, To finance these works, the municipality will have to issue debt to assist in cash flowing these works. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx (ii) Table ES-2 Average Annual Residential Water Bill(Richmond-based on annual comsumption of 198 m3) Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Monthly Flat Charge $ 76.00 $ 83.33 $ 91.55 $ 100.84 $ 111.06 $ 121.91 $ 133.54 $ 146.75 $ 160.90 $ 176.43 $ 193.64 Annual Flat Charge $ 912.00 $1,000.00 $1,098.54 $1,210.05 $1,332.71 $1,462.90 $1,602.53 $1,761.02 $1,930.83 $2,117.20 $2,323.73 Volume Charge per m3 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198 198 Annual Voume Charge Total Annual Water Bill $ 912.00 $1,000.00 $1,098.54 $1,210.05 $1,332.71 $1,462.90 $1,602.53 $1,761.02 $1,930.83 $2,117.20 $2,323.73 Table ES-3 Average Annual Residential Wastewater Bill(based on annual volume of 198 m3) Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Monthly Flat Charge $ 44.24 $ 46.41 $ 48.70 $ 50.96 $ 53.53 $ 56.06 $ 58.89 $ 62.01 $ 65.10 $ 68.47 $ 72.12 Annual Flat Charge $ 530.88 $ 556.86 $ 584.37 $ 611.51 $ 642.35 $ 672.78 $ 706.71 $ 744.15 $ 781.25 $ 821.66 $ 865.40 Volume Charge per m3 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198 198 Annual Voume Charge Total Annual Wastewater Bill $ 530.88 $ 556.86 $ 584.37 $ 611.51 $ 642.35 $ 672.78 $ 706.71 $ 744.15 $ 781.25 $ 821.66 $ 865.40 As noted, the Richmond system will need distribution system improvements which will require debt financing. The municipality has limitations on its debt capacity so an alternate calculation was considered. The alternate calculation of the Bayham and Richmond systems was undertaken to combine both the operating and capital expenses/revenues. This was done to decrease the annual increase in the Richmond system from 10% to 5%, while having a slight increase to the Bayham water system from 5% to 6% annually. It has allowed short term use of the existing reserves as an offset to debt borrowing. The calculated charges for the forecast period are shown in Tables ES-4 (Bayham System) and ES-5 (Richmond System): Table ES-4 Bayham&Richmond(Using Combined Operating and Capital) Average Annual Residential Water Bill(Bayham-based on annual comsumption of 198 m3) Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Base Monthly Charge $ 11.70 $ 11.93 $ 12.17 $ 12.42 $ 12.66 $ 12.92 $ 13.18 $ 13.44 $ 13.71 $ 13.98 $ 14.26 Annual Base Charge $ 140.40 $ 143.21 $ 146.07 $ 148.99 $ 151.97 $ 155.01 $ 158.11 $ 161.28 $ 164.50 $ 167.79 $ 171.15 Volume Charge per m3 $ 2.82 $ 2.99 $ 3.17 $ 3.36 $ 3.56 $ 3.78 $ 4.00 $ 4.24 $ 4.50 $ 4.77 $ 5.06 Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198 198 Annual Voume Charge 558.36 592.91 628.04 665.72 705.67 748.01 792.89 840.46 890.89 944.34 1,001.00 Total Annual Water Bill $ 698.76 $ 736.12 $ 774.11 $ 814.72 $ 857.64 $ 903.02 $ 951.00 $1,001.74 $1,055.39 $1,112.13 $1,172.15 Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx (iii) Table ES-5 Average Annual Residential Water Bill(Richmond-based on annual comsumption of 198 m3) Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Monthly Flat Charge $ 76.00 $ 79.80 $ 83.79 $ 87.98 $ 92.38 $ 97.00 $ 101.85 $ 106.94 $ 112.29 $ 117.90 $ 123.80 Annual Flat Charge $ 912.00 $ 957.60 $1,005.48 $1,055.75 $1,108.54 $1,163.97 $1,222.17 $1,283.28 $1,347.44 $1,414.81 $1,485.55 Volume Charge per m3 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198 198 Annual Voume Charge - - - - - - - - - - - Total Annual Water Bill $ 912.00 $ 957.60 $1,005.48 $1,055.75 $1,108.54 $1,163.97 $1,222.17 $1,283.28 $1,347.44 $1,414.81 $1,485.55 Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 1 . INTRODUCTION Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 1-1 1 . INTRODUCTION 1.1 Background The Municipality currently services two systems, the Bayham water system and the Richmond system. Currently, there are 755 metered water customers and 1,226 non-metered wastewater customers in the Bayham system. For the Richmond system, there are 53 non-metered water customers, all of which utilize septic tanks. The Municipality's water supply comes from the Port Burwell Secondary System which feeds off the Elgin Primary Water System. The Bayham water system is metered and utilizes a rate structure with a monthly base charge as well as a consumption charge per cubic metre of $2.82 (2014 rate). The Richmond water system is not metered and utilizes a flat rate charge. The Bayham wastewater system utilizes a flat monthly rate. See Table 1-1 for all rates. Table 1-1 Municipality of Bayham Water and Wastewater Rates (Bayham System and Richmond System) 2014-Monthly Water Billing Rates 2014-Monthly Wastewater Billing Rates Base Charge-Bayham System Rat Rate $ 11.70 per Customer $ 44.24 per Customer Volume Charge-Bayham System $ 2.82 per m3 2014-Monthly Water Billing Rates Rat Rate-Richmond System $ 76.00 per Customer With the legislative changes being made across Ontario as a result of the Walkerton crisis, Municipalities will be required to conform to new statutes governing the management of water and wastewater systems. Watson & Associates Economists Ltd. was retained by the Municipality of Bayham to assist in addressing these changes in a proactive manner as they relate to the water and wastewater systems. The assessment provided herein addresses changes recommended to the water and wastewater rates based on the most current information and forecasts the implications over the next ten year period. Watson and Associates Economists Ltd. H:lBayham12014 W&WW Rate Study and O.Reg Financial PIanlReport\Report.docx 1-2 1.2 Study Process The objectives of the study and the steps involved in carrying out this assignment are summarized below: • Identify all current and future water and wastewater system capital needs to assess the immediate and longer-term implications; • Identify potential methods of cost recovery from the capital needs listing. These recovery methods may include other statutory authorities (e.g. Development Charges, Municipal Act, etc.) as an offset to recovery through the water and wastewater rates; • Identify existing operating costs by component and estimate future operating costs over the next ten years. This assessment identifies fixed and variable costs in order to project those costs sensitive to changes to the existing infrastructure inventory, as well as costs which may increase commensurate with growth; and • Provide staff and Committee/Council the findings to assist in gaining approval of the rates for 2015 and future years. 1.3 Regulatory Changes in Ontario Resulting from the water crisis in Walkerton, significant regulatory changes have been made in Ontario over the past decade. These changes arise as a result of the Walkerton Commission and the 93 recommendations made by the Walkerton Inquiry Part II report. Areas of recommendation include: • watershed management and source protection; • quality management; • preventative maintenance; • research and development; • new performance standards; • sustainable asset management; and • lifecycle costing. The legislation which would have most impacted municipal water and wastewater rates was the Sustainable Water and Sewage Systems Act (SWSSA) which would have required municipalities to implement full cost pricing. The Act was enacted in 2002, however, had not been implemented pending the approval of its regulations. The Act was repealed as of January 1, 2013. It is expected that the provisions of the Water Opportunities Act will implement the fundamental requirements of SWSSA. The following sections describe these various resulting changes. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 1-3 1.4 Sustainable Water and Sewage Systems Act As noted earlier, the Sustainable Water and Sewage Systems Act (SWSSA) was passed on December 13, 2002. The intent of the Act was to introduce the requirement for municipalities to undertake an assessment of the "full cost" of providing their water and wastewater services. It is noted that this Act has been repealed, however, to provide broader context and understanding to other legislation discussed herein, a description of the Act is provided below. Full costs for water service was defined in subsection 3(7) of the Act and included "source protection costs, operating costs, financing costs, renewal and replacement costs and improvement costs associated with extracting, treating or distributing water to the public and such other costs which may be specified by regulation." Similar provisions were made for wastewater services in subsection 4(7) respecting the "collecting, treating or discharging waste water." The Act would have required the preparation of two reports for submission to the Ministry of the Environment (or such other member of the Executive Council as may be assigned the administration of this Act under the Executive Council Act). The first report was on the "full cost of services" and the second was the "cost recovery plan." Once these reports were reviewed and approved by the Ministry, the municipality would have been required to implement the plans within a specified time period. In regard to the "Full Cost of Services" report, the municipality (deemed a regulated entity under the Act) would prepare and approve a report concerning the provision of water and sewage services. This report was to include an inventory of the infrastructure, a management plan providing for the long-term integrity of the systems and address the full cost of providing the services (other matters may be specified by the regulations) along with the revenue obtained to provide them. A professional engineer would certify the inventory and management plan portion of the report. The municipality's auditor would be required to provide a written opinion on the report. The report was to be approved by the municipality and then be forwarded to the Ministry along with the engineer's certification and the auditor's opinion. The regulations would stipulate the timing for this report. The second report was referred to as a "Cost Recovery Plan" and would address how the municipality intended to pay for the full costs of providing the service. The regulations were to specify limitations on what sources of revenue the municipality may use. The regulations may have also provided limits as to the level of increases any customer or class of customer may experience over any period of time. Provision was made for the municipality to implement increases above these limits however ministerial approval would be required first. Similar to the first report, the municipal auditor would provide a written opinion on the report prior to Council's adoption, and this opinion must accompany the report when submitted to the Province. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 1-4 The Act provided the Minister the power to approve or not approve the plans. If the Minister was not satisfied with the report or if a municipality did not submit a plan, the Minister may have a plan prepared. The cost to the Crown for preparing the plan would be recovered from the municipality. As well, the Minister may direct two or more regulated municipalities to prepare a joint plan. This joint plan may be directed at the onset or be directed by the Minister after receiving the individual plans from the municipalities. The Minister also had the power to order a municipality to generate revenue from a specific revenue source or in a specified manner. The Minister may have also ordered a regulated entity to do or refrain from doing such things as the Minister considered advisable to ensure that the entity pays the full cost of providing the services to the public. Once the plans were approved and in place, the municipality would be required to submit progress reports. The timing of these reports and the information to be contained therein would be established by the regulations. A municipal auditor's opinion must be provided with the progress report. Municipalities would also revise the plans if they deem the estimate does not reflect the full cost of providing the services, as a result of a change in circumstances, regulatory or other changes that affect their plan, etc. The municipality would then revise its prior plan, provide an auditor's opinion, and submit the plan to the Minister. 1.5 Financial Plans Regulation On August 16, 2007, the MOE passed O.Reg 453/07 which requires the preparation of financial plans for water (and wastewater) systems. The MOE has also provided a Financial Plan Guidance Document to assist in preparing the plans. This report was prepared by Watson & Associates and has subsequently been submitted to the Ministry. A copy of the Financial Report can be found on CPUSB's website. A brief summary of the key elements of the regulation is provided below: • The financial plan will represent one of the key elements for the Municipality to obtain its Drinking Water License; • The financial plans shall be for a period of at least six years but longer planning horizons are encouraged; • As the regulation is under the Drinking Water Act, the preparation of the plan is mandatory for water and encouraged for wastewater; • The plan is considered a living document (i.e. will be updated as annual budgets are prepared) but will need to be undertaken at a minimum every five years; • The plans generally require the forecasting of capital, operating and reserve fund positions, providing detailed inventories, forecasting future users and volume usage and corresponding calculation of rates. In addition, PSAB information on the system must be Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 1-5 provided for each year of the forecast (i.e. total non-financial assets, tangible capital asset acquisitions, tangible capital asset construction, betterments, write-downs, disposals, total liabilities and net debt); • The financial plans must be made available to the public (at no charge) upon request and be available on the Municipality's website. The availability of this information must also be advertised; and • The financial plans are to be approved by Resolution of the Council or governing body indicating that the drinking water system is financially viable. In general, the financial principles of the draft regulations follow the intent of SWSSA to move municipalities towards financial sustainability. However, many of the prescriptive requirements have been removed (e.g. preparation of two separate documents for Provincial approval, auditor opinions, engineer certifications, etc.). A Guideline ("Towards Financially Sustainable Drinking Shores - Water and Wastewater Systems") has been developed to assist municipalities in understanding the Province's direction and provides a detailed discussion on possible approaches to sustainability. The Province's Principles of Financially Sustainable Water and Wastewater Services are provided below: Principle #1: Ongoing public engagement and transparency can build support for, and confidence in, financial plans and the system(s) to which they relate. Principle #2: An integrated approach to planning among water, wastewater, and stormwater systems is desirable given the inherent relationship among these services. Principle #3: Revenues collected for the provision of water and wastewater services should ultimately be used to meet the needs of those services. Principle #4: Life-cycle planning with mid-course corrections is preferable to planning over the short-term, or not planning at all. Principle #5: An asset management plan is a key input to the development of a financial plan. Principle #6: A sustainable level of revenue allows for reliable service that meets or exceeds environmental protection standards, while providing sufficient resources for future rehabilitation and replacement needs. Principle #7: Ensuring users pay for the services they are provided leads to equitable outcomes and can improve conservation. In general, metering and the use of rates can help ensure users pay for services received. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 1-6 Principle #8: Financial Plans are "living" documents that require continuous improvement. Comparing the accuracy of financial projections with actual results can lead to improved planning in the future. Principle #9: Financial plans benefit from the close collaboration of various groups, including engineers, accountants, auditors, utility staff, and municipal council. 1.6 Water Opportunities Act, 2010 As noted earlier, since the passage of the Safe Drinking Water Act, continuing changes and refinements to the legislation have been introduced. Some of these Bills have found their way into law while others have not been approved. Bill 72 was introduced into the legislation on May 18, 2010 and received Royal Assent on November 29, 2010. On November 29, 2010, Bill 72, the Water Opportunities Act, 2010 received Royal Assent. The Act provides for the following elements: • Foster innovative water, wastewater and stormwater technologies, services and practices in the private and public sectors; • Prepare water conservation plans to achieve water conservation targets established by the regulations; and • Prepare sustainability plans for municipal water services, municipal wastewater services and municipal stormwater services. With regard to the sustainability plans: • The Act extends from the water financial plans and requires a more detailed review of the water financial plan and requires a full plan for wastewater and stormwater services; and • Regulations will provide performance targets for each service — these targets may vary based on the jurisdiction of the regulated entity or the class of entity. The Financial Plan shall include: • An asset management plan for the physical infrastructure; • A financial Plan; • For water, a water conservation plan; • An assessment of risks that may interfere with the future delivery of the municipal service, including, if required by the regulations, the risks posed by climate change and a plan to deal with those risks; and Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 1-7 • Strategies for maintaining and improving the municipal service, including strategies to ensure the municipal service can satisfy future demand, consider technologies, services and practices that promote the efficient use of water and reduce negative impacts on Ontario's water resources, and increase co-operation with other municipal service providers. Performance indicators will be established by service: • May relate to the financing, operation or maintenance of a municipal service or to any other matter in respect of which information may be required to be included in a plan; • May be different for different municipal service providers or for municipal services in different areas of the Province. Regulations will prescribe: • Timing; • Contents of the plans; • Identifying what portions of the plan will require certification; • Public consultation process; and • Limitations, updates, refinements, etc. As noted earlier, it is expected that this Act will implement the principles of the Sustainable Water and Sewage Systems Act once all regulations are put in place. 1.7 Forecast Growth and Servicing Requirements The Bayham system services approximately 755 water customers and approximately 1,226 customers are serviced with wastewater services. The Richmond system services approximately 53 non-metered water customers. Information on the existing number of customers and existing billable volumes was obtained from the Municipality. For future water and wastewater customers to be added to the systems, consideration has been given to development potential within the various serviced areas of the Municipality over the forecast period 2014-2024. Table 1-2 provides for the forecast of water users and volumes within the Bayham System. Table 1-3 provides for the forecast of water users and volumes within the Richmond System. Table 1-4 provides the forecast of wastewater users and volumes. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx v ti 0 v o a. n o o 0 o pi Table 1-2 W Municipality of Bayham o m System User Forecast 0 Water Users Forecast-Bayham System 0 0 Year Total Users 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 y' y 2015 8 4 8 8 8 8 8 8 8 8 8 D 2016 8 4 8 8 8 8 8 8 8 8 = 2017 8 4 8 8 8 8 8 8 8 2018 8 4 8 8 8 8 8 8 m 2019 8 4 8 8 8 8 8 o. 2020 8 4 8 8 8 8 2021 8 4 8 8 8 IC.) 2022 8 4 8 8 ii 2023 8 4 8 2024 8 4 p, Total 80 - 4 12 20 28 36 44 52 60 68 76 m3/user 198 198 I 198.I 198 198 I 198 198 I 198 I 198 I 198 198 I 198 'Annual Flow II II 792 I 2,376 I 3,960 I 5,544 I 7,128 I 8,712 I 10,296 I 11,880 I 13,464 I 15,048 I m m a- Water Customer Forecast 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 N - Existing 755 755 755 755 755 755 755 755 755 755 755 P New-Growth - 4 12 20 28 36 44 52 60 68 76 m Total 755 759 767 775 783 791 799 807 815 823 831 -Ti a) O Water Consumption Forecast(m') 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0. a) Existing 156,188 156,188 156,188 156,188 156,188 156,188 156,188 156,188 156,188 156,188 156,188 Adjustment for Conservation -O - - - - - - - - - - A New - 792 2,376 3,960 5,544 7,128 8,712 10,296 11,880 13,464 15,048 - Total 156,188 156,980 158,564 160,148 161,732 163,316 164,900 166,484 168,068 169,652 171,236 0 4 Xi CD 0 o- 0 X Oo 0 ti O O 0 O Q. n rn cn o Table 1-3 ai Municipality of Bayham a cn System User Forecast MWater Users Forecast-Richmond System 0 O Year Total Users 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 y (n r— 2015 0 - a- 2016 0 - = 2017 0 - - - - - - - - 2018 0 - - - - - - m 2019 0 - - - - - - 2020 0 - - - - - 0 2021 0 IC.) 2022 0 - - - 2023 0 --sot 2024 2024 0 p, Total 0 - - - - - - - - - - m3/user 201 201 201 201 201 201 201 201 201 201 201 201 Annual Flow - I - I - I - I - I - I - I - I - I - I - m a Co '0 Water Customer Forecast 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 0 O Existing 53 ' 53 53 53 53 53 53 53 53 53 53 New-Growth co Total 53 53 53 53 53 53 53 53 53 53 53 T a) o Water Consumption Forecast(ms) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 m' m Existing 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 Adjustment for Conservation cp New - - - - - - - - - - - O Total 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 4. Xi CD 0 Q. 0 X CO v ti O o >y z n 0 0 0 0 v' C Table 1-4 m Municipality of Bayham 0 System User Forecast 0 O Wastewater Users Forecast y Year Total Users 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 r- a' 2015 10 5 10 10 10 10 10 10 10 10 10 = 2016 10 5 10 10 10 10 10 10 10 10 2017 10 5 10 10 10 10 10 10 10 m 2018 10 5 10 10 10 10 10 10 2019 10 5 10 10 10 10 10 2020 10 5 10 10 10 10 IC.) 2021 10 5 10 10 10 0 ii 2022 10 5 10 10 2023 10 5 10 p, 2024 10 5 Total 100 - 5 15 25 35 45 55 65 75 85 95 m3/user 199 1991 1991 1991 1991 1991 1991 199 1991 1991 1991 199 m [Annual Flow 11 I[ - I 995 I 2,985 I 4,975 1 6,965 1 8,955 1 10,945 1 12,935 I 14,925 1 16,915 1 18.905 1 m .a- Wastewater Customer Forecast 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 - Existing 1,226 1,226 1,226 1,226 1,226 1,226 1,226 1,226 1,226 1,226 1,226 P New-Growth - 5 15 25 35 45 55 65 75 85 95 c m Total 1,226 1,231 1,241 1,251 1,261 1,271 1,281 1,291 1,301 1,311 1,321 -Ti a) O Wastewater Flows Forecast(ms) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 m' Existing 249,257 249,257 249,257 249,257 249,257 249,257 249,257 249,257 249,257 249,257 249,257 New - 995 2,985 4,975 6,965 8,955 10,945 12,935 14,925 16,915 18,905 A Total 249,257 250,252 252,242 254,232 256,222 258,212 260,202 262,192 264,182 266,172 268,162 Co ID0 0 4 XI CD 0 p. Q. 0 X O 2. CAPITAL INFRASTRUCTURE NEEDS Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 2-1 2. CAPITAL INFRASTRUCTURE NEEDS 2.1 Capital Forecast Capital forecasts have been provided for the water and wastewater systems and are presented on Tables 2-1, 2-2 and 2-3 (Note: the costs are in inflated dollars). The basis for these forecasts is the Municipality's Capital Forecasts and works identified as asset replacement needs based on the inventory data provided for the water& wastewater systems. A summary of the capital works related to Bayham water services is provided below: Water Service- Bayham Capital Budget Forecast Inflated $ Description Budget Total (2014-2024) Capital Expenditures Shared Pick-up truck(20% Bayham Water) 6,000 Water meter and backflow prevented replacement(Bayham 270,000 system) Vienna Booster Station Upgrades 5,000 Radio meters/heads 5,000 Studies Water Rate Study&Financial Plan 11,550 Total Capital Expenditures 297,550 A summary of the capital works related to Richmond water services is provided below: Water Service-Richmond Capital Budget Forecast Inflated $ Description Budget Total (2014-2024) Capital Expenditures Richmond water--building roofing and stand by generator 46,000 with associated transfer switch and electrical Shared Pick-up truck(10% Richmond) 3,000 Richmond water treatment---equipment rebuilds and or 44,000 replacement Replacement of the Richmond water distribution system 879,000 including water metering and backflow prevention Total Capital Expenditures 972,000 Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 2-2 A summary of the capital works related to Bayham wastewater services is provided below: Description Budget Total (2014-2024) Capital Expenditures Air release valves change outs 95,000 Pumping Station Roofing 18,000 Shared Pick up truck(70%) 22,000 Wastewater Generator Condition Assessment,Load testing 52,000 and possible repairs Wastewater Manhole Rehabilitation (Port Burwell collection 63,000 system) Wastewater treatment plant process assessment and concrete structural integrity review along with potential 159,000 repairs Wastewater equipment(pumps,blowers,electric motors) 263,000 replacement to high efficient Pump rebuilds 35,000 Air release valves -PS 2&5&Forcemains 15,500 Air blower rebuilds 4,800 Septage Building Railing 4,000 Computer Upgrades 4,000 Studies Wastewater Rate Study&Financial Plan 5,775 Total Capital Expenditures 741,075 Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx Table 2-1 Municipality of Bayham Water Service-Bayham Capital Budget Forecast Inflated$ Budget Forecast Description 2014 Total 2015 2016 I 2017 2018 I 2019 I 2020 I 2021 I 2022 I 2023 2024 Capital Expenditures Shared Pick-up truck(20%Bayham Water) - 6,000 - - - 6,000 - - - - - - Water meter and backflow prevented replacement(Bayham - 270,000 52,000 53,000 54,000 55,000 56,000 system) Vienna Booster Station Upgrades 5,000 - - - - - - - - - - Radio meters/heads 5,000 - - - - - - - - - - Studies - - - - - - - - - - - - Water Rate Study&Financial Plan 11,550 - - - - - - - - - - - Total Capital Expenditures 21,550 276,000 - - - 6,000 - 52,000 53,000 54,000 55,000 56,000 N W Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table 2-2 Municipality of Bayham Water Service-Richmond Capital Budget Forecast Inflated$ Budget Forecast Description Total 2014 2015 1 2016 2017 2018 2019 2020 2021 2022 2023 1 2024 Capital Expenditures Richmond water--building roofing and stand by generator with - 46,000 15,000 15,000 16,000 - - - - - - - associated transfer switch and electrical Shared Pick-up truck(10%Richmond) - 3,000 - - - 3,000 - - - - - - Richmond water treatment---equipment rebuilds and or - 44,000 14,000 15,000 15,000 replacement Replacement of the Richmond water distribution system - 879,000 287,000 293,000 299,000 including water metering and backflow prevention Total Capital Expenditures - 972,000 15,000 15,000 16,000 3,000 - - - 301,000 308,000 314,000 N -P Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table 2-3 Municipality of Bayham Wastewater Service Capital Budget Forecast Inflated$ Description Budget Forecast Total 2014 2015 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 2023 2024 Capital Expenditures Air release valves change outs - 95,000 15,000 15,000 16,000 16,000 16,000 17,000 - - - - Pumping Station Roofing - 18,000 3,000 3,000 3,000 3,000 3,000 3,000 - - - - Shared Pick up truck(70%) - 22,000 - - - 22,000 - - - - - - Wastewater Generator Condition Assessment,Load testing and - 52,000 8,000 8,000 9,000 9,000 9,000 9,000 - possible repairs Wastewater Manhole Rehabilitation(Port Burwell collection - 63,000 10,000 10,000 10,000 11,000 11,000 11,000 - system) Wastewater treatment plant process assessment and concrete - - 159,000 25,000 26,000 26,000 27,000 27,000 28,000 - structural integrity review along with potential repairs Wastewater equipment(pumps,blowers,electric motors) - 263,000 42,000 43,000 43,000 44,000 45,000 46,000 - replacement to high efficient Pump rebuilds 35,000 - - - - - - - - - - - Air release valves-PS 2&5&Forcemains 15,500 - - - - - - - - - - - Air blower rebuilds 4,800 - - - - - - - - - - - Septage Building Railing 4,000 - - - - - - - - - - - Computer Upgrades 4,000 - - - - - - - - - - - Studies Wastewater Rate Study&Financial Plan 5,775 - - - - - _ - - - - - - Total Capital Expenditures 69,075 672,000 103,000 105,000 107,000 132,000 111,000 114,000 - - 1 - - N o Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls 3. LIFE CYCLE COSTING Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 3-1 3. LIFE CYCLE COSTING 3.1 Overview of Life Cycle Costing 3.1.1 Definition For many years, life cycle costing has been used in the field of maintenance engineering and to evaluate the advantages of using alternative materials in construction or production design. The method has gained wider acceptance and use in the areas of industrial decision-making and the management of physical assets. By definition, life cycle costs are all the costs which are incurred during the life cycle of a physical asset, from the time its acquisition is first considered to the time it is taken out of service for disposal or redeployment. The stages which the asset goes through in its life cycle are specification, design, manufacture (or build), install, commission, operate, maintain and disposal. Figure 3-1 depicts these stages in a schematic form. 3.1.2 Financing Costs This section will focus on financing mechanisms in place to fund the costs incurred throughout the asset's life. In a municipal context, services are provided to benefit tax/rate payers. Acquisition of assets is normally timed in relation to direct needs within the community. At times, economies of scale or technical efficiencies will lead to oversizing an asset to accommodate future growth within the Municipality. Over the past few decades, new financing techniques such as development charges have been employed based on the underlying principle of having tax/rate payers who benefit directly from the service paying for that service. Operating costs which reflect the cost of the service for that year are charged directly to all existing tax/rate payers who have received the benefit. Operating costs are normally charged through the tax base or user rates. Capital expenditures are recouped through several methods; operating budget contributions, development charges, reserves, developer contributions and debentures, being the most common. New construction related to growth could produce development charges and developer contributions (e.g. works internal to a subdivision which are the responsibility of the developer to construct) to fund a significant portion of projects, where new assets are being acquired to allow growth within the Municipality to continue. As well, debentures could be used to fund such works, with the debt charge carrying costs recouped from taxpayers in the future. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 3-2 Figure 3-1 Life Cycle Costing User Cost to User Select or Specify Purchase Install Investment Commission Costs Operate ► Operating Costs Maintain to. Maintenance Costs • Monitor ► Monitoring Costs (Throughout Life of Assets) (To End of Useful Life) • Remove mi. Costs I Dispose Life Cycle Costs Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 3-3 However, capital construction to replace existing infrastructure is largely not growth- related and will therefore not yield development charges or developer contributions to assist in financing these works. Hence, a Municipality will be dependent upon debentures, reserves and contributions from the operating budget to fund these works. Figure 3-2 depicts the costs of an asset from its initial conception through to replacement and then continues to follow the associated costs through to the next replacement. As referred to earlier, growth-related financing methods such as development charges and developer contributions could be utilized to finance the growth-related component of the new asset. These revenues are collected (indirectly) from the new homeowner who benefits directly from the installation of this asset. Other financing methods may be used as well to finance the non-growth related component of this project; reserves which have been collected from past tax/rate payers, operating budget contributions which are collected from existing tax/rate payers and debenturing which will be carried by future tax/rate payers. Ongoing costs for monitoring, operating and maintaining the asset will be charged annually to the existing tax/rate payer. When the asset requires replacement, the sources of financing will be limited to reserves, debentures and contributions from the operating budget. At this point, the question is raised; "If the cost of replacement is to be assessed against the tax/rate payer who benefits from the replacement of the asset, should the past tax/rate payer pay for this cost or should future rate payers assume this cost?" If the position is taken that the past user has used up the asset, hence he should pay for the cost of replacement, then a charge should be assessed annually, through the life of the asset to have funds available to replace it when the time comes. If the position is taken that the future tax/rate payer should assume this cost, then debenturing and, possibly, a contribution from the operating budget should be used to fund this work. Charging for the cost of using up of an asset is the fundamental concept behind depreciation methods utilized by the private sector. This concept allows for expending the asset as it is used up in the production process. The tracking of these costs forms part of the product's selling price and hence end users are charged for the asset's depreciation. The same concept can be applied in a municipal setting to charge existing users for the asset's use and set those funds aside in a reserve to finance the cost of replacing the asset in the future. 3.1.3 Costing Methods There are two fundamental methods of calculating the cost of the usage of an asset and for the provision of the revenue required when the time comes to retire and replace it. The first method is the Depreciation Method. This method recognizes the reduction in the value of the asset through wear and tear and aging. There are two commonly used forms of depreciation: the straight-line method and the reducing balance method. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 3-4 Figure 3-2 Financing Life Cycle Costs Financing Methods Available "NEW ASSET" User Development Charges Select Reserves or Specify Debentures Operating Budget Contributions Purshase Install Commission Operate Maintain Operating Budget Monitor (Throughout Life of Assets) 1 (To End of Useful Life) Debentures Remove "REPLACEMENT ASSET" Reserves User Operating Budget Contributions Dispose Select or Specify Purchase Install Commission Operate Maintain Operating Budget Monitor (Throughout Life of Assets) (To End of Useful Life) Debentures Remove Reserves Operating Budget Contributions Dispose Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 3-5 FIGURE 3-3 STRAIGHT LINE DEPRECIATION Total Annual Contributions Equal Original Cost Original Cost $x $x $x $x $x $x $x $x $x $x Original Cost-Salvage Cost Formula: Number of Years of Useful Life SINKING FUND METHOD 1. "Estimate Future Replacement Cost" "Annual Inflation" Future Original Cost Replacement Cost 2. "Estimate Annual Contribution which will Grow with Interest to Equal Future Replacement Cost" "Annual Interest Earnings" Future Replacement Cost $x $x $x $x $x $x $x $x $x $x Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 3-6 The straight line method is calculated by taking the original cost of the asset, subtracting its estimated salvage value (estimated value of the asset at the time it is disposed of) and dividing this by the estimated number of years of useful life. The reducing balance method is calculated by utilizing a fixed percentage rate and this rate is applied annually to the undepreciated balance of the asset value. The second method of life cycle costing is the sinking fund method. This method first estimates the future value of the asset at the time of replacement. This is done by inflating the original cost of the asset at an assumed annual inflation rate. A calculation is then performed to determine annual contributions (equal or otherwise) which, when invested, will grow with interest to equal the future replacement cost. The preferred method used herein for forecasting purposes is the sinking fund method of life cycle costing. 3.2 Impact on Budgets Detailed water and wastewater systems inventory information was obtained from the Municipality. The age of the Bayham water system dates back to the early 1970's. The water system has been expanded throughout the years. The Richmond System dates back to the 1960's and requires a significant amount of replacements. The Bayham wastewater system dates back to the mid 1980s. The total value of existing water infrastructure is $15.82 million and the value of existing wastewater infrastructure is $33.23 million. The detailed water and wastewater inventory are provided in Appendices A and B, respectively. As well, the lifecycle "sinking fund" contribution amounts for each piece of infrastructure have also been included. These calculations determine the level of investment the Municipality may wish to consider as part of its budgeting practices. This information is summarized in Table 3-1. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 3-7 Table 3-1 Municipality of Bayham Summary of Bayham/Richmond Water and Bayham Wastewater Infrastructure Area Total Replacement Amount to be funded Net Replacement for Annual Lifecycle Value in 10 year forecast Future Lifecycle Replacement Water-Bayham Water Curb Stops, 1,800,184 269,067 1,531,117 68,505 Hydrants, Vales, Meters Watermains 12,889,957 - 12,889,957 365,107 Water-Richmond Richmond System 1,127,500 787,500 340,000 13,196 Total Water 15,817,641 1,056,567 14,761,074 446,808 Wastewater Wastewater Facilities 8,387,864 2,223,540 6,164,324 274,110 Sanitary Sewers 24,842,728 - 24,842,728 622,398 Total Wastewater 33,230,592 2,223,540 31,007,052 896,507 Total 49,048,233 3,280,107 45,768,126 1,343,315 Investment per customer is$20,951 for water and$27,105 for wastewater It is noted that the inventory of the complete water and wastewater systems may be required to be assessed and reported on by a professional engineer as part of the documentation required under the Water Opportunities Act. The detailed specifics of the reporting will not be known until the Province has set these standards by regulation. With respect to lifecycle costing contained in the Appendices the following information was taken under consideration: • approximate age; • material type; • main lengths; • diameter of the mains; • estimated useful life; and • estimated replacement costs. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 4. CAPITAL COST FINANCING OPTIONS Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 4-1 4. CAPITAL COST FINANCING OPTIONS 4.1 Summary of Capital Cost Financing Alternatives Historically, the powers that municipalities had to raise alternative revenues to taxation to fund capital services have been restrictive. Over the past decade, legislative reforms have been introduced. Some of these have expanded municipal powers (e.g. Bill 26 introduced in 1996 to provide for expanded powers for imposing fees and charges), while others appear to restrict them (Bill 98 in 1997 providing amendments to the Development Charges Act). The Province passed a new Municipal Act which came into force on January 1, 2003. Part XII of the Act and O.Reg. 584/06 govern a Municipality's ability to impose fees and charges. In contrast to the previous Municipal Act, this Act provides municipalities with broadly defined powers and does not differentiate between fees for operating and capital purposes. It is anticipated that the powers to recover capital costs under the previous Municipal Act will continue within the new Statutes and Regulations, as indicated by s.9(2) and s.452 of the new Municipal Act. Under s.484 of Municipal Act, 2001, the Local Improvement Act was repealed with the in force date of the Municipal Act (January 1, 2003). The municipal powers granted under the Local Improvement Act now fall under the jurisdiction of the Municipal Act. To this end, on December 20, 2002, O.Reg. 390/02 was filed, which allowed for the Local Improvement Act to be deemed to remain in force until April 1, 2003. However, O.Reg. 119/03 was enacted on April 19, 2003 which restores many of the previous Local Improvement Act provisions; however, the authority is now provided under the Municipal Act. The methods of capital cost recovery available to municipalities are provided as follows: SECTION RECOVERY METHODS REFERENCE • Development Charges Act, 1997 4.2 • Municipal Act 4.3 • Fees and Charges • Sewer and Water Area Charges • Connection Fees • Local Improvements Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 4-2 4.2 Development Charges Act, 1997 In November, 1996, the Ontario Government introduced Bill 98, a new Development Charges Act. The Province's stated intentions were to "create new construction jobs and make home ownership more affordable" by reducing the charges and to "make municipal Council decisions more accountable and more cost effective". The basis for this Act is to allow municipalities to recover the growth-related capital cost of infrastructure necessary to accommodate new growth within the Municipality. Generally the new Act provided the following changes to the former Act: • Replace those sections of the 1989 DCA which govern municipal development charges. (Education development charges are not to be significantly altered at this time); • Limit services which can be financed from development charges, specifically excluding parkland acquisition, administration buildings, and cultural, entertainment, tourism, solid waste management and hospital facilities; • Ensure that the level of service used in the calculation of capital costs will not exceed the average level of service over the previous decade. Level of service is to be measured from both a quality and quantity perspective; • Provide that uncommitted excess capacity available in existing municipal facilities and benefits to existing residents are removed from the calculation of the charge; • Ensure that the development charge revenues collected by municipalities are spent only on those capital costs identified in the calculation of the development charge; • Require municipalities to contribute funds (e.g. taxes, user charges or other non- development charge revenues) to the financing of certain projects primarily funded from development charges. The municipal contribution is 10 percent for services such as recreation, parkland development, libraries, etc; • Permit (but apparently not require) municipalities to grant developers credits for the direct provision of services identified in the development charge calculation and, when credits are granted, require the Municipality to reimburse the developer for the costs the Municipality would have incurred if the project had been financed from the development charge reserve fund; • Set out provisions for front-end financing capital projects (limited to essential services) required to service new development; and Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 4-3 • Set out provisions for appeals and complaints, and transitional rules, including that municipalities will have up to 18 months from the date of proclamation of the new Act to establish new development charge by-laws, otherwise the old by-laws will expire. The Municipality does not presently impose development charges. 4.3 Municipal Act 4.3.1 Part XII of the Municipal Act provides municipalities with broad powers to impose fees and charges via passage of a by-law. These powers, as presented in s.391(1), include imposing fees or charges: • "for services or activities provided or done by or on behalf of it; • for costs payable by it for services or activities provided or done by or on behalf of any other municipality or local board; and • for the use of its property including property under its control." Restrictions are provided to ensure that the form of the charge is not akin to a poll tax. Any charges not paid under this authority may be added to the tax roll and collected in a like manner. The fees and charges imposed under this part are not appealable to the OMB. 4.3.2 s.221 of the previous Municipal Act, permitted municipalities to impose charges, by by- law, on owners or occupants of land who would or might derive benefit from the construction of sewage (storm and sanitary) or water works being authorized (in a Specific Benefit Area). For a by-law imposed under this section of the previous Act: • A variety of different means could be used to establish the rate and recovery of the costs could be imposed by a number of methods at the discretion of Council (i.e. lot size, frontage, number of benefiting properties, etc.); • Rates could be imposed in respect to costs of major capital works, even though an immediate benefit was not enjoyed; • Non-abutting owners could be charged; • Recovery was authorized against existing works, where a new water or sewer main was added to such works, "notwithstanding that the capital costs of existing works has in whole or in part been paid." • Charges on individual parcels could be deferred; • Exemptions could be established; • Repayment was secured; and • OMB approval was not required. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 4-4 While under the new Municipal Act no provisions are provided specific to the previous s.221, the intent to allow capital cost recovery through fees and charges is embraced within s.391. The new Municipal Act also maintains the ability of municipalities to impose capital charges for water and sewer services on landowners not receiving an immediate benefit from the works. Under s.391(2) of the Act, "a fee or charge imposed under subsection (1) for capital costs related to sewage or water services or activities may be imposed on persons not receiving an immediate benefit from the services or activities but who will receive a benefit at some later point in time." Also, capital charges imposed under s.391 are not appealable to the OMB on the grounds that the charges are "unfair or unjust". 4.3.3 s.222 of the previous Municipal Act permitted municipalities to pass a by-law requiring buildings to connect to the Municipality's sewer and water systems, charging the owner for the cost of constructing services from the mains to the property line. Under the new Municipal Act, this power still exists under Part II, General Municipal Powers (s.9 (3) b of the Municipal Act). Enforcement and penalties for this use of power are contained in s.427 (1) of the Municipal Act. 4.3.4 Under the previous Local Improvement Act: • A variety of different types of works could be undertaken, such as watermain, storm and sanitary sewer projects, supply of electrical light or power, bridge construction, sidewalks, road widening and paving; • Council could pass a by-law for undertaking such work on petition of a majority of benefiting taxpayers, on a 2/3 vote of Council and on sanitary grounds, based on the recommendation of the Minister of Health. The by-law was required to go to the OMB, which might hold hearings and alter the by-law, particularly if there were objections; • The entire cost of a work was assessed only upon the lots abutting directly on the work, according to the extent of their respective frontages, using an equal special rate per metre of frontage; and • As noted, this Act was repealed as of April 1, 2003; however, O.Reg. 119/03 was enacted on April 19, 2003 which restores many of the previous Local Improvement Act provisions; however, the authority is now provided under the Municipal Act. 4.4 Grant Funding Availability Since the early 1980's, the level of Provincial and Federal assistance toward municipal infrastructure has declined significantly. By the mid 1990's, there were very limited funds available from senior levels of government. In mid-2000, initiatives from the Provincial and Federal level were announced; providing for a new program (OSTAR) to assist small cities, Municipalities and rural areas in addressing infrastructure improvements. In November 2004, another program (COMRIF) was introduced which also provided combined assistance from the Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 4-5 senior governments until early 2007. Subsequently Federal and Provincial Funding have been made available under the Build Canada Fund and Stimulus Fund Programs. Under the specific requirements of these programs, the projects needed to be "shovel ready" and were allocated on a case by case basis. In August 2012, the province of Ontario initiated the Municipal Infrastructure Investment Initiative (MITI). In supporting the efforts of communities to restore and revitalize their public infrastructure, this initiative provides one-time provincial funding to improve asset management planning in small municipalities and local service boards. In addition, funding will be made available for municipal infrastructure projects under this initiative. Any municipality or local service board seeking capital funding in the future must demonstrate how its proposed project fits within a detailed asset management plan. To assist in defining the components of an asset management plan, the Province produced a document entitled Building Together: Guide for Municipal Asset Management Plans. This guide documents the components, information and analysis that are required to be included in a municipality's asset management plan under this initiative. 4.5 Existing Reserves/Reserve Funds The Municipality has established reserves and reserve funds for water and wastewater costs. The following table summarizes the water and wastewater reserves utilized in this analysis and their respective balances at December 31, 2013: Reserve Dec. 31 2013 Water Capital Reserve 481,349 Water Rate Stabilization Reserve 555,660 Wastewater Capital Reserve 53,483 Wastewater Rate Stabilization Reserve 61,740 Wastewater Capital & Rate Stabilization Reserve 1,366,123 4.6 Debenture Financing Although it is not a direct method of minimizing the overall cost to the ratepayer, debentures are used by municipalities to assist in cash flowing large capital expenditures. The Ministry of Municipal Affairs regulates the level of debt incurred by Ontario municipalities, through its powers established under the Municipal Act. Ontario Regulations 403/02 provides the current rules respecting municipal debt and financial obligations. Through the rules established under these regulations, a Municipality's debt capacity is capped at a level where no more than 25% of the Municipality's own purpose revenue may be allotted for servicing the debt Watson and Associates Economists Ltd. H.IBayham12014 W&WW Rate Study and O.Reg Financial PIanlReport\Report.docx 4-6 (i.e. debt charges). The Municipality of Bayham's 2014 calculation on Debt Capacity, as shown on Schedule 81 of the Municipality's 2013 Financial Information Return (FIR). This calculates to the Municipality's estimated annual repayment limit of approximately $1.25 million. 4.7 Infrastructure Renewal Bonds Infrastructure Ontario (10) is an arms length crown corporation, which has been set up as a tool to offer low-cost and longer-term financing to assist municipalities in renewing their infrastructure (this corporation has merged the former OSIFA into its operations) 10 combines the infrastructure renewal needs of municipalities into an infrastructure investment "pool". 10 will raise investment capital to finance loans to the public sector by selling a new investment product called Infrastructure Renewal Bonds to individual and institutional investors. 10 provides access to infrastructure capital that would not otherwise be available to smaller borrowers. Larger borrowers receive a longer term on their loans than they could obtain in the financial markets, and can also benefit from significant savings on transaction costs such as legal costs and underwriting commissions. Under the 10 approach, all borrowers receive the same low interest rate. 10 will enter into financial agreement with each Municipality subject to technical and credit reviews, for a loan up to the maximum amount of the loan request. The first round of the former OSIFA's 2004-05 infrastructure renewal program was focused on municipal priorities of clean water infrastructure, sewage treatment facilities, municipal roads and bridges, public transit and waste management infrastructure. The focus of the program was expanded in 2005/2006 somewhat to include: • clean water infrastructure; • sewage infrastructure; • waste management infrastructure; • municipal roads and bridges; • public transit; • municipal long-term care homes; • renewal of municipal social housing and culture; and • tourism and recreation infrastructure. With the merging of OSIFA and 10, the program was broadened in late 2006 to also include municipal administrative buildings, local police and fire stations, emergency vehicles and equipment, ferries, docks and municipal airports. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 4-7 It is noted that the interest rates will vary from time to time. The following interest rates were available to municipalities for the following term, based on a serial repayment schedule as of August 26, 2014: Indicative Lending Rates as of August 26, 2014 Term Serial 5 Year 1.92% 10 Year 2.64% 15 Year 3.04% 20 Year 3.31% 25 Year 3.49% 30 Year 3.60% To be eligible to receive these loans, municipalities must submit a formal application along with pertinent financial information. Allotments are prioritized and distributed based upon the Province's assessment of need. The analysis provided herein assumes that the Municipality will borrow approximately $758,400 for water services over the forecast, for a ten year term at 3.0%. Appendix C, Table D-2 provides the estimated repayment schedule for these loans. 4.8 Recommended Capital Financing Approach Of the various funding alternatives provided in this section, the following are recommended for further consideration by the Municipality of Bayham for the capital expenditures provided in Chapter 2: Capital Financing Bayham Richmond Bayham Water Water Wastewater Provincial/Federal Grants Development Charges Reserve Fund Non-Growth Related Debenture Requirements $ 758,400 Growth Related Debenture Requirements Operating Contributions Lifecycle Reserve Fund Reserves and Reserve Funds $ 276,000 $ 213,600 $ 672,000 Total Capital Financing $ 276,000 $ 972,000 $ 672,000 Tables 4-1, 4-2 and 4-3 provide for the full capital expenditure and funding program by year for water (Bayham & Richmond) and wastewater respectively. Watson and Associates Economists Ltd. H:lBayham12014 W&WW Rate Study and O.Reg Financial PIanlReport\Report.docx Table 4-1 Municipality of Bayham Water Service-Bayham Capital Budget Forecast Inflated$ Budget Forecast Description 2014 Total 2015 2016 I 2017 2018 I 2019 I 2020 I 2021 I 2022 I 2023 2024 Capital Expenditures Shared Pick-up truck(20%Bayham Water) - 6,000 - - - 6,000 - - - - - - Water meter and backflow prevented replacement(Bayham - 270,000 52,000 53,000 54,000 55,000 56,000 system) Vienna Booster Station Upgrades 5,000 - - - - - - - - - - Radio meters/heads 5,000 - - - - - - - - - - Studies - - - - - - - - - - - Water Rate Study&Financial Plan 11,550 - - - - - - - - - - Total Capital Expenditures 21,550 276,000 - - 6,000 - 52,000 53,000 54,000 55,000 56,000 Capital Financing Provincial/Federal Grants - Development Charges Reserve Fund - - - - - - - - - - Non-Growth Related Debenture Requirements - - - - - - - - - - Growth Related Debenture Requirements - - - - - - - - - - Operating Contributions - - - - - - - - - - Lifecycle Reserve Fund - - - - - - - - - - Water Reserve 21,550 276,000 - - - 6,000 - 52,000 53,000 54,000 55,000 56,000 Total Capital Financing 21,550 276,000 - - - 6,000 . - 52,000 53,000 54,000 55,000 56,000 Oo Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table 4-2 Municipality of Bayham Water Service-Richmond Capital Budget Forecast Inflated$ Budget Forecast Description Total 2014 2015 1 2016 2017 2018 2019 2020 2021 2022 2023 1 2024 Capital Expenditures Richmond water--building roofing and stand by generator with - 46,000 15,000 15,000 16,000 - - - - - - - associated transfer switch and electrical Shared Pick-up truck(10%Richmond) - 3,000 - - - 3,000 - - - - - - Richmond water treatment---equipment rebuilds and or - 44,000 14,000 15,000 15,000 replacement Replacement of the Richmond water distribution system 879,000 287,000 293,000 299,000 including water metering and backflow prevention Total Capital Expenditures - 972,000 15,000 15,000 16,000 3,000 - - - 301,000 308,000 314,000 Capital Financing Provincial/Federal Grants - Development Charges Reserve Fund - - - - - - - - - - - - Non-Growth Related Debenture Requirements - 758,400 11,000 8,400 5,000 - - - - 157,000 274,000 303,000 Growth Related Debenture Requirements - - - - - - - - - - - - Operating Contributions - - - - - - - - - - - - Lifecycle Reserve Fund - - - - - - - - - - - - Water Reserve - 213,600 4,000 6,600 11,000 3,000 - - - 144,000 34,000 11,000 Total Capital Financing - 972,000 15,000 15,000 16,000 3,000 1 - - - 301,000 308,000 314,000 Cfl Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table 4-3 Municipality of Bayham Wastewater Service Capital Budget Forecast Inflated$ Description Budget Forecast Total 2014 2015 2016 I 2017 I 2018 I 2019 I 2020 2021 I 2022 2023 2024 Capital Expenditures Air release valves change outs - 95,000 15,000 15,000 16,000 16,000 16,000 17,000 - - - - Pumping Station Roofing - 18,000 3,000 3,000 3,000 3,000 3,000 3,000 - - - - Shared Pick up truck(70%) - 22,000 - - - 22,000 - - - - - - Wastewater Generator Condition Assessment,Load testing and - 52,000 8,000 8,000 9,000 9,000 9,000 9,000 - possible repairs Wastewater Manhole Rehabilitation(Port Burwell collection - 63,000 10,000 10,000 10,000 11,000 11,000 11,000 - system) Wastewater treatment plant process assessment and concrete - - 159,000 25,000 26,000 26,000 27,000 27,000 28,000 - structural integrity review along with potential repairs Wastewater equipment(pumps,blowers,electric motors) - 263,000 42,000 43,000 43,000 44,000 45,000 46,000 - replacement to high efficient Pump rebuilds 35,000 - - - - - - - - - - - Air release valves-PS 2&5&Forcemains 15,500 - - - - - - - - - - - Air blower rebuilds 4,800 - - - - - - - - - - - Septage Building Railing 4,000 - - - - - - - - - - - Computer Upgrades 4,000 - - - - - - - - - - - Studies Wastewater Rate Study&Financial Plan 5,775 - - - - - - - - - - - Total Capital Expenditures 69,075 672,000 103,000 105,000 107,000 132,000 111,000 114,000 - - - - Capital Financing Provincial/Federal Grants - Development Charges Reserve Fund - - - - - - - - - - - - Non-Growth Related Debenture Requirements - - - - - - - - - - - - Growth Related Debenture Requirements - - - - - - - - - - - - Operating Contributions - - - - - - - - - - - - Lifecycle Reserve Fund - - - - - - - - - - - - Transfer from Wastewater Capital&Rate Stabilization 69,075 672,000 103,000 105,000 107,000 132,000 111,000 114,000 - - - - Transfer from Wastewater Capital Reserve - - - - - - - - - - - Total Capital Financing 69,075 672,000 103,000 105,000 107,000 132,000 111,000 114,000 - - - - A O Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls 5. OVERVIEW OF EXPENDITURES AND REVENUES Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 5-1 5. OVERVIEW OF EXPENDITURES AND REVENUES 5.1 Water Operating Expenditures In this report, the forecasted water budget figures (2014-2024) are based on the 2013 and 2014 Operating Budgets. The costs for each component of the operating budget have been reviewed with staff to establish forecast inflationary adjustments. The expenditures have been assumed to increase at a rate of 2.0% annually. Water supply of the Bayham System is purchased from the Port Burwell Secondary system, which draws its water from the Elgin Primary Water System. The forecast for this system is approximately 5% annually based on the most recently approved rate forecast for the secondary system. Also included are any debenture expenditures and contributions to reserve funds. 5.2 Water Operating Revenues The Municipality has miscellaneous revenue sources in the Bayham system to help contribute towards operating expenditures. Some of these miscellaneous revenues, including water connection charges, water meter charges and penalties & interest have been inflated by 2.0% for each year of the forecast period. However, the Richmond system has a lack of revenues other than the flat monthly rates. Table 5-1 provides for the operating budget for the Bayham water system. Table 5-2 provides for the operating budget for the Richmond water system. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx Table 5-1 Municipality of Bayham Water Service-Bayham Operating Budget Forecast Inflated$ Budget Forecast Description 2014 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Expenditures Operating Costs - - - - - - - - - Salaries&Wages 50,291 51,300 52,300 53,300 54,400 55,500 56,600 57,700 58,900 60,100 61,300 Statutory Benefits 4,470 4,600 4,700 4,800 4,900 5,000 5,100 5,200 5,300 5,400 5,500 Non Statutory Benefits 9,751 9,900 10,100 10,300 10,500 10,700 10,900 11,100 11,300 11,500 11,700 Supplies 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 Tools and Equipment 500 500 500 500 500 500 500 500 500 500 500 Lab Fees 5,000 5,100 5,200 5,300 5,400 5,500 5,600 5,700 5,800 5,900 6,000 Utilities 2,075 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 Advertising 206 200 200 200 200 200 200 200 200 200 200 Association Fees 550 600 600 600 600 600 600 600 600 600 600 Auditing Fees 3,400 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 System Maintenance 6,550 6,700 6,800 6,900 7,000 7,100 7,200 7,300 7,400 7,500 7,700 Vehicle Maintenance 700 700 700 700 700 700 700 700 700 700 700 Insurance 706 700 700 700 700 700 700 700 700 700 700 Legal Fees - - - - - - - - - - - Truck water distribution 2,850 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 Training&Education 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 Licenses 150 200 200 200 200 200 200 200 200 200 200 Conference&Seminars 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Telephone&Internet 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Sundry 100 100 100 100 100 100 100 100 100 100 100 Water Quality Management 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 Primary&Secondary Water System Costs 366,016 390,072 411,626 433,532 455,790 478,400 501,363 524,677 540,262 556,261 572,684 Administrative Overhead 5,400 5,500 5,600 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 Utility Adjustments 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 Sub Total Operating 473,415 499,572 523,126 547,032 571,390 596,100 621,163 646,577 664,362 682,561 701,284 Capital-Related Existing Debt(Principal)-Growth Related - Existing Debt(Interest)-Growth Related - Existing Debt(Principal) -Non-Growth Related 32,729 34,085 35,497 36,967 38,498 40,093 41,754 30,014 Existing Debt(Interest) -Non-Growth Related 11,318 9,963 8,551 7,081 5,550 3,955 2,294 590 New Non-Growth Related Debt(Principal) - - - - - - - - - - New Non-Growth Related Debt(Interest) - - - - - - - - - - Transfer to Capital - - - - - - - - - - - Transfer to Capital Reserve 87,000 47,200 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 Transfer to Rate Stabilization Reserve Sub Total Capital Related 131,048 91,248 94,048 94,048 94,048 94,048 94,048 80,604 50,000 50,000 50,000 Total Expenditures 604,463 590,819 617,174 641,080 665,438 690,148 715,211 727,181 714,362 732,561 751,284 Revenues Base Charge 106,002 108,695 112,037 115,470 118,995 122,615 126,332 130,149 134,068 138,092 142,223 Other Revenue-Landowner Debenture Recovery 41,147 Water Meters 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 Water Connect Charges 5,585 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 6,500 6,600 Penalties and Interest 8,000 8,200 8,400 8,600 8,800 9,000 9,200 9,400 9,600 9,800 10,000 Contributions from Development Charges Reserve Fund - - - - - - - - - - - Contributions from Reserves/Reserve Funds - - - - - - - - - - - Total Operating Revenue 163,234 125,195 128,937 132,770 136,695 140,715 144,832 149,049 153,368 157,792 162,323 Water Billing Recovery-Operating 441,229 465,625 488,236 508,310 528,743 549,433 570,378 578,131 560,994 574,769 588,961 Lifecycle Reserve Contribution($) 5,600 15,400 26,200 38,900 53,400 83,200 140,000 168,200 198,400 Water Billing Recovery-Total 441,229 465,625 493,836 523,710 554,943 588,333 623,778 661,331 700,994 742,969 787,361 01 fV Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table 5-2 Municipality of Bayham Water Service-Richmond Operating Budget Forecast Inflated$ Budget Forecast Description 2014 2015 I 2016 I 2017 I 2018 I 2019 I 2020 1 2021 I 2022 I 2023 I 2024 Expenditures Operating Costs - - - - - - - - - Salaries&Wages 19,868 20,300 20,700 21,100 21,500 21,900 22,300 22,700 23,200 23,700 24,200 Statutory Benefits 1,766 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 Non Statutory Benefits 3,852 3,900 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 Supplies 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 Tools and Equipment 150 200 200 200 200 200 200 200 200 200 200 Lab Fees 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 4,500 Utilities 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 Property Taxes 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Advertising 75 100 100 100 100 100 100 100 100 100 100 Association Fees 81 100 100 100 100 100 100 100 100 100 100 Auditing Fees - - - - - - - - - - - Water Quality Managemtn 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 System Maintenance 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Vehicle Maintenance 331 300 300 300 300 300 300 300 300 300 300 Richmond Truck 2,750 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 Training&Education 725 700 700 700 700 700 700 700 700 700 700 Licences 345 400 400 400 400 400 400 400 400 400 400 Conferences&Seminars 400 400 400 400 400 400 400 400 400 400 400 Legal Fees - - - - - - - - - - - Richmond Water Amtelecom 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 Administrative Overhead - - - 1 - - - - - - - - Sub Total Operating 48,043 49,000 49,900 1 50,800 ' 51,700 52,600 1 53,500 54,400 55,400 56,400 57,400 Capital-Related Existing Debt(Principal)-Growth Related - Existing Debt(Interest)-Growth Related - New Growth Related Debt(Principal) - - - - - - - - - - New Growth Related Debt(Interest) - - - - - - - - - - Existing Debt(Principal) -Non-Growth Related Existing Debt(Interest) -Non-Growth Related New Non-Growth Related Debt(Principal) - 938 1,687 2,172 2,248 2,326 2,408 2,492 15,962 39,877 New Non-Growth Related Debt(Interest) - 385 646 762 686 607 526 442 5,850 14,881 Transfer to Capital - - - - - - - - - - - Transfer to Capital Reserve 293 4,000 7,000 11,000 16,000 22,000 28,500 36,000 44,000 34,000 11,000 Transfer to Rate Stabilization Reserve Sub Total Capital Related 293 4,000 8,323 13,333 18,934 24,934 31,434 38,934 46,934 55,812 65,758 Total Expenditures 48,336 53,000 58,223 64,133 70,634 77,534 84,934 93,334 102,334 112,212 123,158 Revenues Base Charge - - - - - - - - - - - Other Revenue - - - - - - - - - Contributions from Development Charges Reserve Fund - - - - - - - - - - - Contributions from Reserves/Reserve Funds - - - - - - - - - - - Total Operating Revenue - - - - - - - - - - - Water Billing Recovery-Operating 48,336 53,000 58,223 64,133 70,634 77,534 84,934 93,334 102,334 112,212 123,158 Lifecycle Reserve Contribution($) Water Billing Recovery-Total 48,336 53,000 58,223 64,133 70,634 77,534 84,934 93,334 102,334 112,212 123,158 V7 W Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls 5-4 5.3 Wastewater Operating Expenditures The Bayham wastewater system operating expenditures have been adjusted over the forecast period by an annual inflationary factor of 2.0%. Also included are contributions to the capital & rate stabilization reserve and a lifecycle reserve fund. 5.4 Wastewater Operating Revenues The operating revenue for the wastewater program is made up of only flat rate revenues (discussed further in Chapter 6). As such, it is assumed that the full cost of operating is to be recovered through rates and to increase at 5% annually over the forecast period. Table 5-3 outlines the operating budget for the Bayham wastewater system. Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx Table 5-3 Municipality of Bayham Wastewater Services Operating Budget Forecast Inflated$ Budget Forecast Description 2014 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Expenditures Operating Costs Salaries&Wages 178,193 181,800 185,400 189,100 192,900 196,800 200,700 204,700 208,800 213,000 217,300 Statutory Benefits 15,838 16,200 16,500 16,800 17,100 17,400 17,700 18,100 18,500 18,900 19,300 Non Statutory Benefits 34,551 35,200 35,900 36,600 37,300 38,000 38,800 39,600 40,400 41,200 42,000 Clothing Allowance 633 600 600 600 600 600 600 600 600 600 600 Advertising 200 200 200 200 200 200 200 200 200 200 200 Association&Mem Fees 200 200 200 200 200 200 200 200 200 200 200 Auditing Fees 3,400 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 Insurance 5,908 6,000 6,100 6,200 6,300 6,400 6,500 6,600 6,700 6,800 6,900 Training&Education 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 Licenses 150 200 200 200 200 200 200 200 200 200 200 Conference&Seminars 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 Travel 250 300 300 300 300 300 300 300 300 300 300 Telephone&Internet 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 4,500 Sundry 112 100 100 100 100 100 100 100 100 100 100 Administrative Overhead 9,500 9,700 9,900 10,100 10,300 10,500 10,700 10,900 11,100 11,300 11,500 Expenditure-Treatment Plant - - - - - - - - - - Lab Fees 9,800 10,000 10,200 10,400 10,600 10,800 11,000 11,200 11,400 11,600 11,800 Chemicals 7,800 8,000 8,200 8,400 8,600 8,800 9,000 9,200 9,400 9,600 9,800 Utilities Plant 64,000 65,300 66,600 67,900 69,300 70,700 72,100 73,500 75,000 76,500 78,000 Supplies-Plant 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 Property Taxes 4,683 4,800 4,900 5,000 5,100 5,200 5,300 5,400 5,500 5,600 5,700 Building/Plant Maintenance 7,500 7,700 7,900 8,100 8,300 8,500 8,700 8,900 9,100 9,300 9,500 Equipment Maintenance-Plant 13,000 13,300 13,600 13,900 14,200 14,500 14,800 15,100 15,400 15,700 16,000 Grounds Maintenance 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 Sludge Haulage/Disposal 18,750 19,100 19,500 19,900 20,300 20,700 21,100 21,500 21,900 22,300 22,700 Odour Control(septage) - - - - - - - - - - - Expenditures-Collection System - - - - - - - - - - Truck 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 Supplies-Collection 900 900 900 900 900 900 900 900 900 900 900 Utilities-Collection System 27,000 27,500 28,100 28,700 29,300 29,900 30,500 31,100 31,700 32,300 32,900 Odour Control 24,000 24,500 25,000 25,500 26,000 26,500 27,000 27,500 28,100 28,700 29,300 System Maintenance 23,000 23,500 24,000 24,500 25,000 25,500 26,000 26,500 27,000 27,500 28,100 Vehicle Maintenance 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 Sub Total Operating 465,768 475,400 485,100 494,900 504,900 515,000 525,200 535,600 546,300 557,100 568,100 Capital-Related Existing Debt(Principal)-Growth Related Existing Debt(Interest)-Growth Related New Growth Related Debt(Principal) - - - - - - - - - - New Growth Related Debt(Interest) - - - - - - - - - - Existing Debt(Principal)-Non-Growth Related Existing Debt(Interest)-Non-Growth Related New Non-Growth Related Debt(Principal) - - - - - - - - -New Non-Growth Related Debt(Interest) - - - - - - - - - - Transfer to Capital - - - - - - - - - - - Transfer to Rate Stabilization Reserve Transfer to Capital&Rate Stabilization Reserve 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 Transfer to Capital Reserve - Sub Total Capital Related 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 Total Expenditures 650,868 660,500 670,200 680,000 690,000 700,100 710,300 720,700 731,400 742,200 753,200 Revenues Base Charge - - - - - - - - - - - Other Revenue - - - - - - - - - Contributions from Development Charges Reserve Fund - - - - - - - - - - - Contributions from Reserves/Reserve Funds - - - - - - - - - - - Total Operating Revenue - - - - - - - - - - - Wastewater Billing Recovery-Operating 650,868 660,500 670,200 680,000 690,000 700,100 710,300 720,700 731,400 742,200 753,200 Lifecycle Reserve Contribution($) 25,000 55,000 85,000 120,000 155,000 195,000 240,000 285,000 335,000 390,000 Wastewater Billing Recovery-Total 650,868 685,500 725,200 765,000 810,000 855,100 905,300 960,700 1,016,400 1,077,200 1,143,200 Cin Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls 6. PRICING STRUCTURES Watson and Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial PlanlReport\Report.docx 6-1 6. PRICING STRUCTURES 6.1 Introduction Rates, in their simplest form, can be defined as total costs to maintain the utility function divided by the total expected volume to be generated for the period. Total costs are usually a combination of operating costs (e.g. staff costs, distribution costs, maintenance, administration, etc.) and capital-related costs (e.g. past debt to finance capital projects, transfers to reserves to finance future expenditures, etc.). The schematic below provides a simplified illustration of the rate calculation for water. "ANNUAL COSTS" Operations - Staff costs - Distribution costs - Maintenance - Meter reading and billing, etc. Total Costs _* Rate Volume Capital Related - Past debt - Contributions to reserves - Contribution to capital These operating and capital expenditures will vary over time. Examples of factors which will affect the expenditures over time are provided below Operations • Inflation; • Increased maintenance as system ages; and • Changes to Provincial legislation. Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 6-2 Capital Related • New capital will be built as areas expand; • Replacement capital needed as system ages; and • Financing of capital costs are a function of policy regarding reserves and direct financing from rates (pay as you go), debt and user pay methods (development charges, Municipal Act). 6.2 Alternative Pricing Structures Throughout Ontario, and as well, Canada, the use of pricing mechanisms varies between municipalities. The use of a particular form of pricing depends upon numerous factors, including Council preference, administrative structure, surplus/deficit system capacities, economic/ demographic conditions, to name a few. Municipalities within Ontario have two basic forms of collecting revenues for water purposes, those being through incorporation of the costs within the tax rate charged on property assessment and/or through the establishment of a specific water rate billed to the customer. Within the rate methods, there are five basic rate structures employed along with other variations: • Flat Rate (non-metered customers); • Constant Rate; • Declining Block Rate; • Increasing (or Inverted) Block Rate; • Hump Back Block Rate; and • Base Charges. The definitions and general application of the various methods are as follows: Property Assessment: This method incorporates the total costs of providing water into the general requisition or the assessment base of the Municipality. This form of collection is a "wealth tax", as payment increases directly with the value of property owned and bears no necessary relationship to actual consumption. This form is easy to administer as the costs to be recovered are incorporated in the calculation for all general services, normally collected through property taxes. Flat Rate: This rate is a constant charge applicable to all customers served. The charge is calculated by dividing the total number of user households and other entities (e.g. businesses) into the costs to be recovered. This method does not recognize differences in actual consumption but provides for a uniform spreading of costs across all users. Some municipalities define users into different classes of similar consumption Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 6-3 patterns, that is a commercial user, residential user and industrial user, and charge a flat rate by class. Each user is then billed on a periodic basis. No meters are required to facilitate this method, but an accurate estimate of the number of users is required. This method ensures set revenue for the collection period but is not sensitive to consumption, hence may cause a shortfall or surplus of revenues collected. Constant Rate: This rate is a volume-based rate, in which the consumer pays the same price per unit consumed, regardless of the volume. The price per unit is calculated by dividing the total cost of the service by the total volume used by total consumers. The bill to the consumer climbs uniformly as the consumption increases. This form of rate requires the use of meters to record the volume consumed by each user. This method closely aligns the revenue recovery with consumption. Revenue collected varies directly with the consumption volume. Declining Block Rates: This rate structure charges a successively lower price for set volumes, as consumption increases through a series of "blocks". That is to say that within set volume ranges, or blocks, the charge per unit is set at one rate. Within the next volume range the charge per unit decreases to lower rate, and so on. Typically, the first, or first and second blocks cover residential and light commercial uses. Subsequent blocks normally are used for heavier commercial and industrial uses. This rate structure requires the use of meters to record the volume consumed by each type of user. This method requires the collection and analysis of consumption patterns by user classification to establish rates at a level which does not over or under collect revenue from rate payers. Increasing or Inverted Block Rates: The increasing block rate works essentially the same way as the declining block rate, except that the price of water in successive blocks increases rather than declines. Under this method the consumer's bill rises faster with higher volumes used. This rate structure also requires the use of meters to record the volume consumed by each user. This method requires, as with the declining block structure, the collection and analysis of consumption patterns by user classification to establish rates at a level which does not over or under collect from rate payers. The Hump Back Rate: The hump back rate is a combination of an increasing block rate and the declining block rate. Under this method the consumer's bill rises with higher volumes used up to a certain level and then begins to fall for volumes in excess of levels set for the increasing black rate. Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 6-4 6.3 Assessment of Alternative Pricing Structures The adoption by a Municipality or utility of any one particular pricing structure is normally a function of a variety of administrative, social, demographic and financial factors. The number of factors and the weighting each particular factor receives can vary between municipalities. The following is a review of some of the more prevalent factors: Cost Recovery Cost recovery is a prime factor in establishing a particular pricing structure. Costs can be loosely defined into different categories: operations, maintenance, capital, financing and administration. These costs often vary between municipalities and even within a municipality, based on consumption patterns, infrastructure age, economic growth, etc. The pricing alternatives defined earlier can all achieve the cost recovery goal, but some do so more precisely than others. Fixed pricing structures, such as Property Assessment and Flat Rate, are established on the value of property or on the number of units present in the municipality, but do not adjust in accordance with consumption. Thus, if actual consumption for the year is greater than projected, the municipality incurs a higher cost of production, but the revenue base remains static (since it was determined at the beginning of the year), thus potentially providing a funding shortfall. Conversely, if the consumption level declines below projections, fixed pricing structures will produce more revenue than actual costs incurred. The other pricing methods (declining block, constant rate, increasing block) are consumption based and generally will generate revenues in proportion to actual consumption. Administration Administration is defined herein as the staffing, equipment and supplies required to support the undertaking of a particular pricing strategy. This factor not only addresses the physical tangible requirements to support the collection of the revenues, but also the intangible requirements, such as policy development. The easiest pricing structure to support is the Property Assessment structure. As municipalities undertake the process of calculating property tax bills and the collection process for their general services, the incorporation of the water costs into this calculation would have virtually no impact on the administrative process and structure. The Flat Rate pricing structure is relatively easy to administer as well. It is normally calculated to collect a set amount, either on a monthly, quarterly, semi annual or annual basis and is billed directly to the customer. The impact on administration centres mostly on the accounts Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 6-5 receivable or billing area of the municipality, but normally requires minor additional staff or operating costs to undertake. The three remaining methods, those being Increasing Block Rate, Constant Rate and Declining Block Rate, have a more dramatic effect on administration. These methods are dependent upon actual consumption and hence involve a major structure in place to administer. First, meters must be installed in all existing units in the municipality and units to be subsequently built must be required to include these meters. Second, meter readings must be undertaken periodically. Hence staff must be available for this purpose or a service contract must be negotiated. Third, the billings process must be expanded to accommodate this process. Billing must be done per a defined period, requiring staff to produce the bills. Lastly, either through increased staffing or by service contract, an annual maintenance program must be set up to ensure meters are working effectively in recording consumed volumes. The benefit derived from the installation of meters is that information on consumption patterns becomes available. This information provides benefit to administration in calculating rates which will ensure revenue recovery. Additionally, when planning what services are to be constructed in future years, the municipality or utility has documented consumption patterns distinctive to its own situation, which can be used to project sizing of growth-related works. Equity Equity is always a consideration in the establishment of pricing structures but its definition can vary depending on a municipality's circumstances and based on the subjective interpretation of those involved. For example: is the price charged to a particular class of rate payer consistent with those of a similar class in surrounding municipalities; through the pricing structure does one class of rate payer pay more than another class; should one pay based on ability to pay, or on the basis that a unit of water costs the same to supply no matter who consumes it; etc. There are many interpretations. Equity therefore must be viewed broadly in light of many factors as part of achieving what is best for the municipality as a whole. Conservation In today's society, conservation of natural resources is increasingly being more highly valued. Controversy continuously focuses on the preservation of non-renewable resources and on the proper management of renewable resources. Conservation is also a concept which applies to a municipality facing physical limitations in the amount of water which can be supplied to an area. As well, financial constraints can encourage conservation in a municipality where the cost of providing each additional unit is increasing. Pricing structures such as property assessment and flat rate do not, in themselves, encourage conservation. In fact, depending on the price which is charged, they may even encourage Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 6-6 resource "squandering," either because consumers, without the price discipline, consume water at will, or the customer wants to get his money's worth and hence adopts more liberal consumption patterns. The fundamental reason for this is that the price paid for the service bears no direct relationship to the volume consumed and hence is viewed as a "tax," instead of being viewed as the price of a purchased commodity. The Declining Block Rate provides a decreasing incentive towards conservation. By creating awareness of volumes consumed, the consumer can reduce his total costs by restricting consumption; however the incentive lessens as more water is consumed, because the marginal cost per unit declines as the consumer enters the next block pricing range. Similarly, those whose consumption level is at the top end of a block have reduced incentive to reduce consumption. The Constant Rate structure presents the customer with a linear relationship between consumption and the cost thereof. As the consumer pays a fixed cost per unit, his bill will vary directly with the amount consumed. This method presents tangible incentive for consumers to conserve water. As metering provides direct feedback as to usage patterns and the consumer has direct control over the total amount paid for the commodity, the consumer is encouraged to use only those volumes that are reasonably required. The Inverted Block method presents the most effective pricing method for encouraging conservation. Through this method, the price per unit consumed increases as total volumes consumed grow. The consumer becomes aware of consumption through metering with the charges increasing dramatically with usage. Hence, there normally is awareness that exercising control over usage can produce significant savings. This method not only encourages conservation methods, but may also penalize legitimate high volume users if not properly structured. Figure 6-1 provides a schematic representation of the various rate structures (note property tax as a basis for revenue recovery has not been presented for comparison, as the proportion of taxes paid varies in direct proportion to the market value of the property). The graphs on the left-hand side of the figure present the cost per unit for each additional amount of water consumed. The right-hand side of the figure presents the impact on the customer's bill as the volume of water increases. The schematic is summarized below for each rate structure. Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 6-7 FIGURE 6-1 WATER RATE PRICING CONCEPTS "Rate Structure" "Impact on Individual Customer" Flat Rate: a-) E 2' D 0 L a5 U 0 N m 0 m 0 0 (— Volume Volume Constant Rate: 0 C w D L m U 0- E o U co_7 0 H Volume Volume Declining Block Rate: a-> 0) E D L U 0_ — CO 0 O o 1— Volume Volume Volume Increasing Block Rate: a-) 2' E as Cr) U L 0- �, E o O o Volume Volume Hump Back Rate: a> E m a� U 0_ � E r------- o �a 0 0 (— Volume Volume Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 6-8 IMPACT ON CUSTOMER COST PER UNIT AS BILL AS VOLUME RATE VOLUME CONSUMPTION CONSUMPTION STRUCTURE _ INCREASES INCREASES Flat Rate Cost per unit decreases as Bill remains the same no more volume consumed matter how much volume is consumed Constant Rate Cost per unit remains the Bill increases in direct same proportion to consumption Declining Block Cost per unit decreases as Bill increases at a slower threshold targets are achieved rate as volumes increases Increasing Block Cost per unit increases as Bill increases at a faster rate threshold targets are achieved as volumes increase Hump Back Rate Combination of an increasing Bill increases ata faster rate block at the lower consumption at the lower consumption volumes and then converts to a amounts and then slows as declining block for the high volumes increase 6.4 Rate Structures in Ontario In a past survey of over 170 municipalities (approximately half of the municipalities who provide water and/or sewer), all forms of rate structures are in use by Ontario municipalities. The most common rate structure is the constant rate (for metered municipalities). Most municipalities (approximately 92%) who have volume rate structures also impose a base monthly charge. Historically, the development of a base charge often reflected either the recovery of meter reading/billing/collection costs, plus administration or those costs plus certain fixed costs (such as capital contributions or reserve contributions). More recently, many municipalities have started to establish base charges based on ensuring a secure portion of the revenue stream which does not vary with volume consumption. Selection of the quantum of the base charge is a matter of policy selected by individual municipalities. 6.5 Recommended Rate Structures The Bayham water system presently uses a monthly base charge along with a consumption charge based on water volumes. The present rate structure is provided below: Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 6-9 2014-Monthly Water Billing Rates Base Charge-Bayham System $ 11.70 per Customer Volume Charge-Bayham System $ 2.82 per m3 The Richmond water system presently uses a flat monthly rate, as provided below: 2014-Monthly Water Billing Rates Rat Rate-Richmond System $ 76.00 per Customer The Bayham wastewater system presently uses a flat monthly rate, as provided below: 2014-Monthly Wastewater Billing Rates Rat Rate $ 44.24 per Customer The use of the base charge and a volume based charge for water and a flat rate for wastewater is recommended to be continued for the Bayham system. As for the Richmond system, the use of a flat rate for water is recommended to be continued. The Bayham water rates encourage conservation and provide incentive to maintain water use at reasonable levels. Although this structure would be beneficial for the Richmond water system, these customers are not presently on meters and hence must use a flat rate structure. Currently, not all wastewater customers are metered for water services and therefore a flat rate structure is required to be continued. The following table 6-2 depicts the base charge forecast for the Bayham system: Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx Table 6-2 Municipality of Bayham Base Charge-Bayham Water System Water 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Existing 755 755 755 755 755 755 755 755 755 755 755 New - 4 12 20 28 36 44 52 60 68 76 Subtotal Customers 755 759 767 775 783 _ 791 799 807 815 823 831 Monthly Base Charge $11.70 $11.93 $12.17 $12.42 $12.66 $12.92 $13.18 $13.44 $13.71 $13.98 _ $14.26 Annual Base Charge $140.40 $143.21 $146.07 $148.99 $151.97 $155.01 $158.11 $161.28 $164.50 $167.79 $171.15 Total Annual Revenue $106,002 $108,695 $112,037 $115,470 $118,995 $122,615 $126,332 $130,149 $134,068 $138,092 $142,223 9) 0 Watson &Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx 7. ANALYSIS OF WATER AND WASTEWATER RATES AND POLICY MATTERS Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 7-1 7. ANALYSIS OF WATER AND WASTEWATER RATES AND POLICY MATTERS 7.1 Introduction To summarize the analysis undertaken thus far, Chapter 2 reviewed capital-related issues and responds to the provincial directives to maintain and upgrade infrastructure to required levels. Chapter 4 provided a review of capital financing options to which lifecycle reserve contributions will be the predominant basis for financing future capital replacement. Chapter 5 established the 10-year operating forecast of expenditures including an annual lifecycle capital replacement reserve contribution. Non-rate revenues (including base charge revenues) to assist in offsetting the charges for volumetric rates were also identified in Chapter 5. The base charge revenues are to ensure that fixed costs are recovered regardless of the amount of volume used by customers. This chapter will provide for the calculation of the volume rates over the forecast period. These calculations will be based on the net operating expenditures (the variable costs) provided in Chapter 5, divided by the water consumption forecast and wastewater volumes provided in Section 1.7. 7.2 Water Rates Based on the discussion of rate structures provided in section 6.5 and the recommendation to continue with the present structures, the rates are calculated by taking the net recoverable amounts from Table 5-1 and 5-2 (the product of total expenditures plus lifecycle costs less non- rate revenues and, for the Bayham's water system, deduct the base charge amounts provided in section 6.5) and completes the calculation by dividing them by the volumes resulting in the forested rates. For the Richmond system, the calculations provide for a calculated flat rate. The volume rates are presented in Table 7-1 and 7-2 for Bayham and Richmond respectively. Detailed calculations of the volume rates are provided in Appendix C. A summary of the recommended base charge and volume rates are as follows: Table 7-1 Average Annual Residential Water Bill(Bayham•based on annual comsumption of 198 m3) Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Base Monthly Charge $ 11.70 $ 11.93 $ 12.17 $ 12.42 $ 12.66 $ 12.92 $ 13.18 $ 13.44 $ 13.71 $ 13.98 $ 14.26 Annual Base Charge $ 140.40 $ 143.21 $ 146.07 $ 148.99 $ 151.97 $ 155.01 $ 158.11 $ 161.28 $ 164.50 $ 167.79 $ 171.15 Volume Charge per m3 $ 2.82 $ 2.97 $ 3.11 $ 3.27 $ 3.43 $ 3.60 $ 3.78 $ 3.97 $ 4.17 $ 4.38 $ 4.60 Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198 198 Annual Voume Charge 558.36 587.30 616.66 647.49 679.39 713.28 748.99 786.52 825.84 867.12 910.42 Total Annual Water Bill $ 698.76 $ 730.50 $ 762.73 $ 796.49 $ 831.36 $ 868.29 $ 907.10 $ 947.80 $ 990.34 $1,034.91 $1,081.57 Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 7-2 The Bayham rates are forecasted to increase at 5% annually. However, the Richmond system has a lack of revenues (other than rates) and reserves to help fund its own operating and capital expenditures, which results in a 10% yearly increase on the flat rate in order to be sustainable as seen below in Table 7-2. Table 7-2 Average Annual Residential Water Bill(Richmond-based on annual comsumption of 198 m3) Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Monthly Flat Charge $ 76.00 $ 83.33 $ 91.55 $ 100.84 $ 111.06 $ 121.91 $ 133.54 $ 146.75 $ 160.90 $ 176.43 $ 193.64 Annual Flat Charge $ 912.00 $1,000.00 $1,098.54 $1,210.05 $1,332.71 $1,462.90 $1,602.53 $1,761.02 $1,930.83 $2,117.20 $2,323.73 Volume Charge per m3 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198 198 Annual Voume Charge Total Annual Water Bill $ 912.00 $1,000.00 $1,098.54 $1,210.05 $1,332.71 $1,462.90 $1,602.53 $1,761.02 $1,930.83 $2,117.20 $2,323.73 7.3 Wastewater Rates The recommendation to continue with the present structure for wastewater results in the rates as calculated below in Table 7-3. The calculation of the rates takes the net recoverable amounts from Table 5-3 (the product of total expenditures plus lifecycle transfers to reserves) and completes the calculation by dividing them by the customers, resulting in a calculated flat rate. Detailed calculations are provided in Appendix D. The following summarizes the recommended flat rates for wastewater: Table 7-3 Average Annual Residential Wastewater Bill(based on annual volume of 198 m3) Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Monthly Flat Charge $ 44.24 $ 46.41 $ 48.70 $ 50.96 $ 53.53 $ 56.06 $ 58.89 $ 62.01 $ 65.10 $ 68.47 $ 72.12 Annual Flat Charge $ 530.88 $ 556.86 $ 584.37 $ 611.51 $ 642.35 $ 672.78 $ 706.71 $ 744.15 $ 781.25 $ 821.66 $ 865.40 Volume Charge per m3 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198 198 Annual Voume Charge Total Annual Wastewater Bill $ 530.88 $ 556.86 $ 584.37 $ 611.51 $ 642.35 $ 672.78 $ 706.71 $ 744.15 $ 781.25 $ 821.66 $ 865.40 7.4 Alternate Calculation for the Bayham/Richmond Water Systems We have identified that the lack of revenues and reserves to the Richmond system has caused the Flat rate to increase substantially by 10% annually, which makes it unfeasible. To rectify this, we have combined the operating and capital for both the Bayham and Richmond systems in order to utilize the reserves that were only allocated for the Bayham system and redirect it to Richmond. This resulted in a sustainable charge for Richmond customers at a moderate annual Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 7-3 increase of 5%. The following summary (Table 7-4) provides the annual water bill for when both the operating and capital budgets of Bayham and Richmond are combined (detailed calculations are provided in Appendix E): Table 7-4 Bayham&Richmond(Using Combined Operating and Capital) Average Annual Residential Water Bill(Bayham-based on annual comsumption of 198 m3) Description 2014 2015 2016 2017 2018 2019 I 2020 2021 2022 2023 2024 Base Monthly Charge $ 11.70 $ 11.93 $ 12.17 $ 12.42 $ 12.66 $ 12.92 $ 13.18 $ 13.44 $ 13.71 $ 13.98 $ 14.26 Annual Base Charge $ 140.40 $ 143.21 $ 146.07 $ 148.99 $ 151.97 $ 155.01 $ 158.11 $ 161.28 $ 164.50 $ 167.79 $ 171.15 Volume Charge per m3 $ 2.82 $ 2.99 $ 3.17 $ 3.36 $ 3.56 $ 3.78 $ 4.00 $ 4.24 $ 4.50 $ 4.77 $ 5.06 Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198 198 Annual Voume Charge 558.36 592.91 628.04 665.72 705.67 748.01 792.89 840.46 890.89 944.34 1,001.00 Total Annual Water Bill $ 698.76 $ 736.12 $ 774.11 $ 814.72 $ 857.64 $ 903.02 $ 951.00 $1,001.74 $1,055.39 $1,112.13 $1,172.15 Average Annual Residential Water Bill(Richmond-based on annual comsumption of 198 m3) Description 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Monthly Flat Charge $ 76.00 $ 79.80 $ 83.79 $ 87.98 $ 92.38 $ 97.00 $ 101.85 $ 106.94 $ 112.29 $ 117.90 $ 123.80 Annual Flat Charge $ 912.00 $ 957.60 $1,005.48 $1,055.75 $1,108.54 $1,163.97 $1,222.17 $1,283.28 $1,347.44 $1,414.81 $1,485.55 Volume Charge per m3 $ - $ - $ - $ - $ - $ - $ - +$ - $ - $ - [$ - Annual Volume(m3) 198 198 198 198 198 198 198 198 198 198[ 198 Annual Voume Charge - - - - - - - - - - - �- Total Annual Water Bill $ 912.00 $ 957.60 $1,005.48 1$1,055.75 $1,108.54 $1,163.97 $1,222.17 $1,283.28 $1,347.44 $1,414.81 $1,485.55 Combining both the operating and capital budget for Bayham and Richmond systems yields more moderate increases to the annual rates forecasted as opposed to having the systems separated. Although there is an increase for the Bayham system volume charge from 5% to 6% per year, the resulting decrease in the Richmond flat charge from 10% to 5% per year creates a comparative advantage for the systems as a whole. Watson&Associates Economists Ltd. H:1Bayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 8. RECOMMENDATIONS Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx 8-1 8. RECOMMENDATIONS As presented within this report, capital and operating expenditures have been identified and forecasted over a ten-year period for water and wastewater services. In addition, a long-term lifecycle plan has been provided consistent with the principles provided in SWSSA and the Water Opportunities Act. Based upon the foregoing, the following recommendations are identified for consideration by Municipal Council: 1. That Council provide for the recovery of all water and wastewater costs through full cost recovery rates. 2. That Council consider the Capital Plan for water and wastewater as provided in Tables 2-1 and 2-2 and the associated Capital Financing Plan as set out in Tables 4-1 and 4-2. 3. That Council approve the adoption of lifecycle reserve contributions for the replacement of water and wastewater infrastructure, subject to the requirements of the Water Opportunities Act. 4. That Council consider the combined rates structure for wastewater and water as provided in Tables 7-3 and 7-4 respectively. 5. That Council consider the rates provided in Chapters 6 & 7 for the water and wastewater systems. Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx APPENDIX A BAYHAM & RICHMOND WATER SYSTEM INVENTORY DATA Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx A-1 Table A-1 Municipality of Bayham Water Curb Stops,Hydrants,Valves,Meters Annual Amount to Year Estimated Replacement Replacement Years until be included Item Location Capacity Installed Life Year Cost Replacement Lifecycle in 10 year Contribution Forecast Water Curb Stops 907-Curb Stops 2010 35 2045 176,386 31 7,690 - 908-Curb Stops 2010 35 2045 370,989 31 16,174 - 909-Dance Sewer 2008 35 2043 7,071 29 324 - Water Hydrants 903-Hydrants 2010 35 2045 103,636 31 4,518 - 904-Hydrants 2010 35 2045 78,462 31 3,421 - 905-Hydrants 1977 35 2014 65,892 0 in capital budget 65,892 906-Hydrants 1972 35 2014 98,839 0 in capital budget 98,839 1005-5'0 Water Hydrant 2009 35 2044 20,436 30 912 - 1006-5'6 Water Hydrant 2009 35 2044 11,535 30 515 - 1007-6'0 Water Hydrant 2009 35 2044 104,908 30 4,684 - 1008-6'6 Water Hydrant 2009 35 2044 8,487 30 379 - 1009-7'0 Water Hydrants 2009 35 2044 4,290 30 192 - 1010-EMCO CORPORATION 2009 35 2044 4,240 30 189 - Water Meters 934-Water Meters 2004 35 2039 111,799 25 5,726 - 935-Water Meters 2004 35 2039 74,533 25 3,818 - Water Valves 912-12"Main Valves 1977 0 2014 3,591 0 in capital budget 3,591 913-12"Main Valves 1972 0 2014 5,387 0 in capital budget 5,387 914-10"Main Valves 2010 35 2045 36,702 31 1,600 - 915-10"Main Valves 2010 35 2045 47,120 31 2,054 - 916-10"Main Valves 1977 0 2014 7,785 0 in capital budget 7,785 917-10"Main Valves 1972 0 2014 11,677 0 in capital budget 11,677 918-8"Main Valves 2010 35 2045 21,817 31 951 - 919-8"Main Valves 2010 35 2045 38,547 31 1,681 - 920-8"Main Valves 1977 0 2014 4,935 0 in capital budget 4,935 921-8"Main Valves 1972 0 2014 7,403 0 in capital budget 7,403 922-6"Main Valves 2010 35 2045 48,732 31 2,125 - 923-6"Main Valves 2010 35 2045 113,473 31 4,947 - 924-6"Main Valves 1977 0 2014 11,057 0 in capital budget 11,057 925-6"Main Valves 1972 0 2014 16,346 0 in capital budget 16,346 926-4"Main Valves 1972 0 2014 753 0 in capital budget 753 927-2"Main Valves 1977 0 2014 1,390 0 in capital budget 1,390 928-2"Main Valves 1972 0 2014 1,946 0 in capital budget 1,946 929-6"Secondary Valves 1977 0 2014 12,019 0 in capital budget 12,019 930-6"Secondary Valves 1972 0 2014 17,788 0 in capital budget 17,788 931-1"Air Release Valves 1977 0 2014 463 0 in capital budget 463 932-1"Air Release Valves 1972 0 2014 232 0 in capital budget 232 933-4"Air Release Valves 1972 0 2014 1,564 0 in capital budget 1,564 1002-EMCO CORPORATION 2009 35 2044 124,279 30 5,549 - 1003-EMCO CORPORATION 2009 35 2044 12,796 30 571 - 1004-EMCO CORPORATION 2009 35 2044 10,879 30 486 - 'Total I I I I I I 1,800,184 I I 68,505 I 269,067 Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx A-2 Table A-2 Municipality of Bayham Watermains Total Main Annual Amount to Year Estimated Replacement Years until be included Street Installed Life Year Replacement Replacement Lifecycle in 10 year Costs Contribution Forecast 936-Plank Road-Vienna/Burwell Loop 1977 100 2077 1,849,860 63 51,904 I - 937-Brown Side Road-Vienna/Burwell Loop 1977 100 2077 1,088,153 63 30,532 - 938-Vienna Line-Vienna/Burwell Loop 1977 100 2077 598,483 63 16,793 - 939-Centre Street-Vienna/Burwell Loop 1977 100 2077 108,813 63 3,053 - 940-Plank Road 1977 100 2077 1,142,559 63 32,058 - 941 -Mill Street 1977 100 2077 54,407 63 1,527 - 942-Soper Road 1977 100 2077 54,407 63 1,527 - 943-Centre Street 1977 100 2077 395,692 63 11,103 - 944-Fulton Street 1977 100 2077 346,233 63 9,715 - 945-Edison Drive 1977 100 2077 259,671 63 7,286 - 946-Queen Street 1977 100 2077 43,278 63 1,214 - 947-Oak Street 1977 100 2077 296,768 63 8,327 - 948-Chestnut Street 1977 100 2077 129,835 63 3,643 - 949-Ann Street 1977 100 2077 86,557 63 2,429 - 950-Elm Street 1977 100 2077 216,392 63 6,072 - 951 -Pine Street 1977 100 2077 86,557 63 2,429 - 952-Union Street 1977 100 2077 43,278 63 1,214 - 953-Snow Street 1977 100 2077 86,557 63 2,429 - 954-Union Street 1977 100 2077 43,278 63 1,214 - 955-King Street 1977 100 2077 86,557 63 2,429 - 956-Walnut Street 1977 100 2077 86,557 63 2,429 - 957-Chapel Street 1977 100 2077 389,511 63 10,929 - 958-Otter Street 1977 100 2077 43,278 63 1,214 - 959-Front Street 1977 100 2077 10,883 63 305 - 960-Robinson Street 1972 100 2072 593,536 58 17,383 - 961 -Hagerman Street 1972 100 2072 129,838 58 3,803 - 962-Strachan Street 2009 100 2109 42,273 95 997 - 963-Strachan Street 1972 100 2072 302,952 58 8,872 - 964-Erieus Street 2009 100 2109 42,273 95 997 - 965-Erieus Street 1972 100 2072 216,395 58 6,337 - 966-Shakespeare Street 2009 100 2109 42,273 95 997 - 967-Shakespeare Street 1972 100 2072 173,114 58 5,070 - 968-Victoria Street 2009 100 2109 42,273 95 997 - 969-Victoria Street 1972 100 2072 389,509 58 11,407 - 970-Pitt Street 1972 100 2072 86,557 58 2,535 - 971 -Pitt Street 2009 100 2109 42,273 95 997 - 972-Pitt Street 1972 100 2072 173,114 58 5,070 - 973-Beach Street 2009 100 2109 42,273 95 997 - 974-Beach Street 1972 100 2072 37,098 58 1,086 - 975-Wellington Street 1972 100 2072 247,309 58 7,243 - 976-Wellington Street 2009 100 2109 42,273 95 997 - 977-Wellington Street 1972 100 2072 43,282 58 1,268 - 978-Hannah Street 2009 100 2109 42,273 95 997 - 979-Hannah Street 1972 100 2072 43,282 58 1,268 - 980-William Street 1972 100 2072 37,098 58 1,086 - 981 -William Street 1972 100 2072 43,282 58 1,268 - 982-Elizabeth Street 1972 100 2072 43,282 58 1,268 - 983-Waterloo Street 1972 100 2072 18,546 58 543 - 984-Elizabeth Street 2009 100 2109 42,273 95 997 - 985-Elizabeth Street 1972 100 2072 173,114 58 5,070 - 986-Milton Street 2009 100 2109 42,273 95 997 - 987-Milton Street 1972 100 2072 43,282 58 1,268 - 988-County Road 42 1972 100 2072 259,670 58 7,605 - 989-Bridge Street 2009 100 2109 42,273 95 997 - 990-Bridge Street 1972 100 2072 489,672 58 14,341 - 991 -Chatham Street 2009 100 2109 42,273 95 997 - 992-Chatham Street 1972 100 2072 519,347 58 15,210 - 993-Homer Street 1972 100 2072 43,282 58 1,268 - Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx A-3 Table A-2 Municipality of Bayham Watermains Total Main Annual Amount to Year Estimated Replacement Years until be included Street Installed Life Year Replacement Replacement Lifecycle in 10 year Costs Contribution Forecast 994-Cowper Street 1972 100 2072 18,546 58 543 - 995-Addison Street 2009 100 2109 42,273 95 997 - 996-Addison Street 1972 100 2072 259,670 58 7,605 - 997-Libbye Street 1972 100 2072 129,838 58 3,803 - 998-Libbye Street 1972 100 2072 37,098 58 1,086 - 999-Faye Street 1972 100 2072 37,098 58 1,086 - 1000-Wellington Street 1972 100 2072 129,838 58 3,803 - 1001 -McCord Lane 1972 100 2072 74,195 58 2,173 - Total 12,889,957 365,107 0 Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx A-4 Table A-3 Municipality of Bayham Richmond Water System Total Main Annual Amount to Length Year Estimated Replacement Years until be included Street (m) Material Installed Life Year Replacement Replacement Lifecycle in 10 year Costs Contribution Forecast Richmond Distirbution System 215 PVC 1960 50 2014 787,500 0 in capital budget 787,500 Four Drilled Wells with Submersible Pumps 2013 70 2083 52,000 69 1,396 - Treatment Equipment 2013 40 2053 170,000 39 6,319 - Three distribution pumps 2013 40 2053 18,000 39 669 - SCADA computer system 2013 40 2053 70,000 39 2,602 - Treatment/Pump house building 1960 70 2030 30,000 16 2,210 - 1111111 ME 11111111E- 1 Total 215 1,127,500 13,196 787,500 Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-26-14 with summaries.xlsx APPENDIX B BAYHAM WASTEWATER SYSTEM INVENTORY DATA Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx B-1 Table B-1 Municipality of Bayham Wastewater Facilities Annual Amount to Year Estimated Replacement Replacement Years until be included Item Lifecycle Installed Life Year Cost Replacement in 10 year Contribution Forecast Sewage Treatment 281 -Sewage Treatment Plant Building 2001 75 2076 1,836,257 62 51,941 - 282-Sewage Treatment Plant Building 2010 25 2035 42,431 21 2,494 - 283-Sewage Treatment Plant Building 2001 25 2026 187,954 12 17,773 - 284-Sewage Treatment Plant Building 2010 20 2030 17,337 16 1,277 - 285-Sewage Treatment Plant Building 2001 20 2021 312,843 7 in capital budget 312,843 286-Sewage Treatment Plant Building 2001 20 2021 677,622 7 in capital budget 677,622 287-Sewage Treatment Plant Building 2001 50 2051 132,309 37 5,095 - 288-Sewage Treatment Plant Building 2001 25 2026 346,231 12 32,739 - 289-Pump Station 1 Building 2002 50 2052 399,790 38 15,120 - 290-Pump Station 1 Building 2002 20 2022 234,871 8 in capital budget 234,871 291 -Pump Station 2 Building 2002 50 2052 399,790 38 15,120 - 292-Pump Station 2 Building 2002 20 2022 234,871 8 in capital budget 234,871 293-Pump Station 3 Building 2002 50 2052 249,869 38 9,450 - 294-Pump Station 3 Building 2002 20 2022 146,795 8 in capital budget 146,795 295-Pump Station 4 Building 2002 50 2052 249,869 38 9,450 - 296-Pump Station 4 Building 2002 20 2022 146,795 8 in capital budget 146,795 297-Pump Station 5 Building 2002 50 2052 399,790 38 15,120 - 298-Pump Station 5 Building 2002 20 2022 234,871 8 in capital budget 234,871 299-Pump Station 6 Building 2002 50 2052 399,790 38 15,120 - 300-Pump Station 6 Building 2002 20 2022 234,871 8 in capital budget 234,871 301 -Pump Station 7 Building 1985 50 2035 283,184 21 16,647 - 302-Pump Station 7 Building 1985 50 2035 166,367 21 9,780 - 303-Pump Station 8 Building 1985 50 2035 283,184 21 16,647 - 304-Pump Station 8 Building 1985 50 2035 166,367 21 9,780 - 306-TCG ASPHALT 2010 75 2085 5,429 71 144 - 307-PK CONSTRUCTION INC 2010 75 2085 289,655 71 7,674 - 1288-HI-TECH CONTROLS(LO 2010 20 2030 8,789 16 647 - 1289-ENVIROCAN WASTEWATER 2010 20 2030 299,931 16 22,090 - Total 8,387,864 274,110 2,223,540 Watson &Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx B-2 Table B-2 Municipality of Bayham Sanitary Sewers Replace Total Main Annual Amount to Street Year Estimated ment Replacement Years until Lifecycle be included Installed Life Year Costs Replacement Contribution in 10 year Forecast Sewer Air Release Valves 1011 -Air Release Valves 2000 35 2035 207,738 21 12,212 - Sewer Forcemains 1094-Brock Street 4" 1985 100 2085 27,513 71 729 - 1095-Erieus Street 4" 1985 100 2085 110,053 71 2,916 - 1096-Easement Parallel To Union Street 6" 1985 100 2085 55,027 71 1,458 - 1097-Nova Scotia Line 6" 1985 100 2085 165,077 71 4,374 - 1098-Bridge Street 6" 1985 100 2085 55,027 71 1,458 - 1099-Pearl Street 10" 2001 100 2101 234,942 87 5,720 - 1100-Centre Street 10" 2001 100 2101 176,207 87 4,290 - 1101 -Vienna Line 10" 2001 100 2101 646,091 87 15,731 - 1102-Brown Line 10" 2001 100 2101 1,879,535 87 45,762 - 1103-Plank Road 8" 2001 100 2101 3,412,841 87 83,094 - 1104-Garner Road 2" 2001 100 2101 55,026 87 1,340 - 1105-Heritage Line 2" 2001 100 2101 165,078 87 4,019 - 1106-Plank Road 6" 2001 100 2101 165,078 87 4,019 - 1107-Plank Road 4" 2001 100 2101 2,586,217 87 62,968 - Sewer Mains 1012-Plank Road 10" 2001 100 2101 352,413 87 8,580 - 1013-Plank Road 10" 2001 100 2101 646,091 87 15,731 - 1014-Travis Street 8" 2001 100 2101 56,881 87 1,385 - 1015-Eden Line 8" 2001 100 2101 284,403 87 6,925 - 1016-Eden Line 8" 2001 100 2101 682,568 87 16,619 - 1017-Gray Street 8" 2001 100 2101 113,761 87 2,770 - 1018-Sandytown Road 8" 2000 100 2100 398,165 86 9,737 - 1019-Old Chapel Road 8" 2000 100 2100 113,761 86 2,782 - 1020-Duke Street 8" 2000 100 2100 113,761 86 2,782 - 1021 -Plank Road 10" 2000 100 2100 176,206 86 4,309 - 1022-Plank Road 2" 2000 100 2100 440,208 86 10,765 - 1023-Garnham Street 8" 2000 100 2100 113,761 86 2,782 - 1024-West Street 8" 2000 100 2100 28,441 86 695 - 1025-West Street 10" 2000 100 2100 117,472 86 2,873 - 1026-Sort Street 8" 2000 100 2100 56,880 86 1,391 - 1027-East Street 8" 2000 100 2100 28,441 86 695 - 1028-Alward Street 8" 2000 100 2100 56,880 86 1,391 - 1029-Garner Road 8" 2000 100 2100 56,880 86 1,391 - 1030-Wardwalk Line 8" 2000 100 2100 113,761 86 2,782 - 1031 -Heritage Line 8" 2000 100 2100 682,568 86 16,691 - 1032-Arthur Street 8" 2000 100 2100 113,761 86 2,782 - 1033-Main Street 8" 2000 100 2100 56,880 86 1,391 - 1034-Main Street 8" 2000 100 2100 170,643 86 4,173 - 1035-Hesch Street 8" 2000 100 2100 34,128 86 835 - 1036-First Street 8" 2000 100 2100 170,643 86 4,173 - 1037-Second Street 8" 2000 100 2100 56,880 86 1,391 - 1038-Third Street 8" 2000 100 2100 113,761 86 2,782 - 1039-Fourth Street 8" 2000 100 2100 56,880 86 1,391 - 1040-Fifth Street 8" 2000 100 2100 56,880 86 1,391 - 1041 -Wardwalk Line 8" 2000 100 2100 113,761 86 2,782 - 1042-Heritage Line East 8" 2000 100 2100 341,284 86 8,346 - 1043-Heritage Line East 10" 2000 100 2100 117,472 86 2,873 - 1044-Centre Street 8" 2001 100 2101 284,403 87 6,925 - 1045-Centre Street 10" 2001 100 2101 176,207 87 4,290 - 1046-Vienna Line 8" 2001 100 2101 113,761 87 2,770 - 1047-Pearl Street 8" 2001 100 2101 227,522 87 5,540 - 1048-Fulton Street 10" 2001 100 2101 352,413 87 8,580 - 1049-Union Street 8" 2001 100 2101 113,761 87 2,770 - 1050-Union Street 8" 2001 100 2101 39,816 87 969 - 1051 -Pine Street 8" 2001 100 2101 113,761 87 2,770 - Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx B-3 Table B-2 Municipality of Bayham Sanitary Sewers Replace Total Main Annual Amount to Street Year Estimated ment Replacement Years until Lifecycle be included Installed Life Year Costs Replacement Contribution in 10 year Forecast 1052-Snow Street 8" 2001 100 2101 56,881 87 1,385 - 1053-Elm Street 8" 2001 100 2101 341,285 87 8,309 - 1054-Chestnut Street 8" 2001 100 2101 170,642 87 4,155 - 1055-Oak Street 8" 2001 100 2101 170,642 87 4,155 - 1056-Oak Street 8" 2001 100 2101 113,761 87 2,770 - 1057-Queen Street 8" 2001 100 2101 56,881 87 1,385 - 1058-Edison Drive 10" 2001 100 2101 352,413 87 8,580 - 1059-Ann Street 8" 2001 100 2101 56,881 87 1,385 - 1060-Ann Street 8" 2001 100 2101 113,761 87 2,770 - 1061 -Plank Road 14" 2001 100 2101 1,030,035 87 25,079 - 1062-Otter Street 8" 2001 100 2101 28,440 87 692 - 1063-Front Street 14" 2001 100 2101 30,295 87 738 - 1064-Water Street 10" 2001 100 2101 117,471 87 2,860 - 1065-King Street 8" 2001 100 2101 113,761 87 2,770 - 1066-Plank Road 10" 2001 100 2101 58,736 87 1,430 - 1067-Walnut Street 8" 2001 100 2101 113,761 87 2,770 - 1068-North Street 8" 2001 100 2101 56,881 87 1,385 - 1069-Chapel Street 8" 2001 100 2101 170,642 87 4,155 - 1070-Elizabeth Street 8" 1985 100 2085 284,404 71 7,535 - 1071 -Victoria Street 8" 1985 100 2085 398,166 71 10,549 - 1072-Victoria Street 8" 1985 100 2085 56,881 71 1,507 - 1073-Milton Street 8" 1985 100 2085 56,881 71 1,507 - 1074-Shakespeare Street 8" 1985 100 2085 170,643 71 4,521 - 1075-Strachan Street 8" 1985 100 2085 341,285 71 9,042 - 1076-Erieus Street 8" 1985 100 2085 227,523 71 6,028 - 1077-Robinson Street 8" 1985 100 2085 113,762 71 3,014 - 1078-Robinson Street 8" 2010 100 2110 42,303 96 995 - 1079-Robinson Street 8" 1985 100 2085 113,762 71 3,014 - 1080-Union Street 12" 1985 100 2085 36,355 71 963 - 1081 -Waterloo Street 10" 1985 100 2085 293,678 71 7,781 - 1082-Wellington Street 8" 1985 100 2085 56,881 71 1,507 - 1083-Wellington Street 8" 1985 100 2085 227,523 71 6,028 - 1084-Pitt Street 8" 1985 100 2085 22,751 71 603 - 1085-Pitt Street 8" 1985 100 2085 227,523 71 6,028 - 1086-Brock Street 8" 1985 100 2085 113,762 71 3,014 - 1087-Chatham Street 14" 1985 100 2085 787,673 71 20,869 - 1088-Addison Street 8" 1985 100 2085 341,285 71 9,042 - 1089-Libbye Street 8" 1985 100 2085 56,881 71 1,507 - 1090-Bridge Street 8" 1985 100 2085 56,881 71 1,507 - 1091 -Newton Street 8" 1985 100 2085 56,881 71 1,507 - 1092-Easement West Of Bodsworth Street 8" 1985 100 2085 56,881 71 1,507 - 1093-Bodsworth Street 8" 1985 100 2085 28,440 71 754 - 1108-Erieus Street 12" 1985 100 2085 121,181 71 3,211 - Total 24,842,728 622,398 0 Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx APPENDIX C BAYHAM SYSTEM DETAILED WATER RATE CALCULATIONS Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx Table C-1 Municipality of Bayham Water Service-Bayham Capital Budget Forecast Inflated$ Description Budget Forecast Total 2014 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Capital Expenditures Shared Pick-up truck(20%Bayham Water) - 6,000 - - - 6,000 - - - - - - Water meter and backflow prevented replacement(Bayham 270,000 - 52,000 53,000 54,000 55,000 56,000 - - - - - system) Vienna Booster Station Upgrades 5,000 - - - - - - - - - - - Radio meters/heads 5,000 - - - - - - - - - Studies - - - - - - - - - - - Water Rate Study&Financial Plan 11,550 - - - - - - - - - - - Lifecycle - - - - - - - - - - - Water Curb Stops,Hydrants,Valves,Meters - - - - - - - - - - - Watermains - - - - - - - - - - - Total Capital Expenditures 21,550 276,000 - - - 6,000 - 52,000 53,000 54,000 55,000 56,000 Capital Financing Provincial/Federal Grants - Development Charges Reserve Fund - - - - - - - - - - - - Non-Growth Related Debenture Requirements - - - - - - - - - - - - Growth Related Debenture Requirements - - - - - - - - - - - - Operating Contributions - - - - - - - - - - - - Lifecycle Reserve Fund - - - - - - - - - - - - Water Reserve 21,550 276,000 - - - 6,000 - 52,000 53,000 54,000 55,000 56,000 Total Capital Financing 21,550 276,000 - - - 6,000 - 52,000 53,000 54,000 55,000 56,000 Table C-2 Municipality of Bayham Water Service-Bayham Schedule of Non-Growth Related Debenture Repayments Inflated$ Debenture 2014 Principal Forecast Year (Inflated) 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 2015 - - - - - - - - - - 2016 - - - - - - - - - 2017 - - - - - - - - 2018 - - - - - - - 2019 - - - - - - 2020 - - - - - 2021 - - - - 2022 - - - 2023 - - 2024 - ITotal Annual Debt Charges II - II - II - I - I - I - I - I - I - I - I - 0 Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table C-3 Municipality of Bayham Water Service-Bayham Water Capital Reserve Inflated$ Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Opening Balance 481,349 546,799 593,999 643,999 693,999 737,999 787,999 785,999 782,999 778,999 773,999 Transfer from Operating 87,000 47,200 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 Transfer to Capital 21,550 - - - 6,000 - 52,000 53,000 54,000 55,000 56,000 Transfer to Operating - - - - - - - - - - - Closing Balance 546,799 593,999 643,999 693,999 737,999 787,999 785,999 782,999 778,999 773,999 767,999 Table C-4 Municipality of Bayham Water Service-Bayham Water Rate Stabilization Reserve Inflated$ Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Opening Balance 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 Transfer from Operating - - - - - - - - - - - Transfer to Capital - - - - - - - - - - - Transfer to Operating - - - - - - - - - - - Closing Balance 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 Table C-5 Municipality of Bayham Water Service-Bayham Water Lifecycle Reserve Fund Continuity Inflated$ Descri.tion -I 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Opening Balance - - - 5,684 21,400 48,314 88,522 144,051 230,660 376,220 552,586 Transfer from Operating - - 5,600 15,400 26,200 38,900 53,400 83,200 140,000 168,200 198,400 Transfer to Capital - - - - - - - - - - - Transfer to Operating - - - - - - - - - - - Closing Balance - - 5,600 21,084 47,600 87,214 141,922 227,251 370,660 544,420 750,986 Interest - - 84 316 714 1,308 2,129 3,409 5,560 8,166 11,265 C) N Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table C-6 Municipality of Bayham Water Service-Bayham Operating Budget Forecast Inflated$ Budget Forecast Description 2014 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Expenditures Operating Costs - - - - - - - - - Salaries&Wages 50,291 51,300 52,300 53,300 54,400 55,500 56,600 57,700 58,900 60,100 61,300 Statutory Benefits 4,470 4,600 4,700 4,800 4,900 5,000 5,100 5,200 5,300 5,400 5,500 Non Statutory Benefits 9,751 9,900 10,100 10,300 10,500 10,700 10,900 11,100 11,300 11,500 11,700 Supplies 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 Tools and Equipment 500 500 500 500 500 500 500 500 500 500 500 Lab Fees 5,000 5,100 5,200 5,300 5,400 5,500 5,600 5,700 5,800 5,900 6,000 Utilities 2,075 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 Advertising 206 200 200 200 200 200 200 200 200 200 200 Association Fees 550 600 600 600 600 600 600 600 600 600 600 Auditing Fees 3,400 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 System Maintenance 6,550 6,700 6,800 6,900 7,000 7,100 7,200 7,300 7,400 7,500 7,700 Vehicle Maintenance 700 700 700 700 700 700 700 700 700 700 700 Insurance 706 700 700 700 700 700 700 700 700 700 700 Legal Fees - - - - - - - - - - - Truck water distribution 2,850 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 Training&Education 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 Licenses 150 200 200 200 200 200 200 200 200 200 200 Conference&Seminars 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Telephone&Internet 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Sundry 100 100 100 100 100 100 100 100 100 100 100 Water Quality Management 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 Primary&Secondary Water System Costs 366,016 390,072 411,626 433,532 455,790 478,400 501,363 524,677 540,262 556,261 572,684 Administrative Overhead 5,400 5,500 5,600 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 Utility Adjustments 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 Sub Total Operating 473,415 499,572 523,126 547,032 571,390 596,100 621,163 646,577 664,362 682,561 701,284 Capital-Related Existing Debt(Principal)-Growth Related - Existing Debt(Interest)-Growth Related - Existing Debt(Principal) -Non-Growth Related 32,729 34,085 35,497 36,967 38,498 40,093 41,754 30,014 Existing Debt(Interest) -Non-Growth Related 11,318 9,963 8,551 7,081 5,550 3,955 2,294 590 New Non-Growth Related Debt(Principal) - - - - - - - - - - New Non-Growth Related Debt(Interest) - - - - - - - - - - Transfer to Capital - - - - - - - - - - - Transfer to Capital Reserve 87,000 47,200 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 Transfer to Rate Stabilization Reserve Sub Total Capital Related 131,048 91,248 94,048 94,048 94,048 94,048 94,048 80,604 50,000 50,000 50,000 Total Expenditures 604,463 590,819 617,174 641,080 665,438 690,148 715,211 727,181 714,362 732,561 751,284 Revenues Base Charge 106,002 108,695 112,037 115,470 118,995 122,615 126,332 130,149 134,068 138,092 142,223 Other Revenue-Landowner Debenture Recovery 41,147 Water Meters 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 Water Connect Charges 5,585 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 6,500 6,600 Penalties and Interest 8,000 8,200 8,400 8,600 8,800 9,000 9,200 9,400 9,600 9,800 10,000 Contributions from Development Charges Reserve Fund - - - - - - - - - - - Contributions from Reserves/Reserve Funds - - - - - - - - - - - Total Operating Revenue 163,234 125,195 128,937 132,770 136,695 140,715 144,832 149,049 153,368 157,792 162,323 Water Billing Recovery-Operating 441,229 465,625 488,236 508,310 528,743 549,433 570,378 578,131 560,994 574,769 588,961 Lifecycle Reserve Contribution($) 5,600 15,400 26,200 38,900 53,400 83,200 140,000 168,200 198,400 Water Billing Recovery-Total 441,229 465,625 493,836 523,710 554,943 588,333 623,778 661,331 700,994 742,969 787,361 C) W Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table C-7 Municipality of Bayham Water Service-Bayham Water Rate Forecast Inflated$ 2014 2014 Description Calculated Existing 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ITotal Water Billing Recovery II 441,229 I I 465,625 I 493,836 I 523,710 I 554,943 I 588,333 I 623,778 I 661,331 I 700,994 I 742,969 I 787,361 Total Consumption(m3) 156,188 156,980 158,564 160,148 161,732 163,316 164,900 166,484 168,068 169,652 171,236 Constant Rate 2.82 2.82 2.97 3.11 3.27 3.43 3.60 3.78 3.97 4.17 4.38 4.60 'Annual Percentage Change 11 1 1 5%1 5%1 5%1 5%1 5%1 5%1 5%1 5%1 5%1 5%1 C) Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls APPENDIX D RICHMOND SYSTEM DETAILED WATER RATE CALCULATIONS Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx Table D-1 Municipality of Bayham Water Service-Richmond Capital Budget Forecast Inflated$ Budget Forecast Description 2014 Total 2015 I 2016 I 2017 I 2018 I 2019 [ 2020 I 2021 I 2022 I 2023 I 2024 Capital Expenditures Richmond water--building roofing and stand by generator with 46,000 15,000 15,000 16,000 - - - - - - - associated transfer switch and electrical Shared Pick-up truck(10%Richmond) - 3,000 - - - 3,000 - - - - - - Richmond water treatment--equipment rebuilds and or 44,000 - - 14,000 15,000 15,000 - - - - - - replacement Replacement of the Richmond water distribution system including 879,000 - 287,000 293,000 299,000 - - - - - - - water metering and backflow prevention Lifecycle - - - - - - - - - - - - Facilities - - - - - - - - - - - Linear - - - - - - - - - - - Total Capital Expenditures - 972,000 15,000 15,000 16,000 3,000 - - - 301,000 308,000 314,000 Capital Financing Provincial/Federal Grants - Development Charges Reserve Fund - - - - - - - - - - - - Non-Growth Related Debenture Requirements - 758,400 11,000 8,400 5,000 - - - - 157,000 274,000 303,000 Growth Related Debenture Requirements - - - - - - - - - - - - Operating Contributions - Lifecycle Reserve Fund - - - - - - - - - - - - Water Reserve - 213,600 4,000 6,600 11,000 3,000 - - - 144,000 34,000 11,000 Total Capital Financing - 972,000 15,000 15,000 16,000 3,000 - - - 301,000 308,000 314,000 Table D-2 Municipality of Bayham Water Service-Richmond Schedule of Non-Growth Related Debenture Repayments Inflated$ Debenture 2014 Principal Forecast Year (Inflated) 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 2015 11,000 1,323 1,323 1,323 1,323 1,323 1,323 1,323 1,323 1,323 2016 8,400 1,010 1,010 1,010 1,010 1,010 1,010 1,010 1,010 2017 5,000 601 601 601 601 601 601 601 2018 - - - - - - - 2019 - - - - - - 2020 - - - - - 2021 - - - - 2022 157,000 18,878 18,878 2023 274,000 32,946 2024 303,000 'Total Annual Debt Charges 11 - II 758,400 II - I 1,323 I 2,333 I 2,934 I 2,934 1 2,934 I 2,934 1 2,934 I 21,812 I 54,7581 0 Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table D-3 Municipality of Bayham Water Service-Richmond Schedule of Growth Related Debenture Repayments Inflated$ Debenture 2014 Principal Forecast Year (Inflated) 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 2015 - - - - - - - - - - 2016 - - - - - - - - - 2017 - - - - - - - - 2018 - - - - - - - 2019 - - - - - - 2020 - - - - - 2021 - - - - 2022 - - - 2023 - - 2024 - ITotal Annual Debt Charges II - II - II - I - I - 1 - I - I - I - I - I - I - Table D-4 Municipality of Bayham Water Service-Richmond Water Capital Reserve Inflated$ I Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Opening Balance - 293 293 693 693 13,693 35,693 64,193 100,193 193 193 Transfer from Operating 293 4,000 7,000 11,000 16,000 22,000 28,500 36,000 44,000 34,000 11,000 Transfer to Capital - 4,000 6,600 11,000 3,000 - - - 144,000 34,000 11,000 Transfer to Operating - - - - - - - - - - - Closing Balance 293 293 693 693 13,693 35,693 64,193 100,193 193 193 193 Table D-5 Municipality of Bayham Water Service-Richmond Water Rate Stabilization Reserve Inflated$ Description j 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Opening Balance - - - - - - - - - - - Transfer from Operating - - - - - - - - - - - Transfer to Capital - - - - - - - - - - - Transfer to Operating - - - - - - - - - - - Closing Balance - - - - - - - - - - - Table D-6 Municipality of Bayham Water Service-Richmond Water Lifecycle Reserve Fund Continuity Inflated$ Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Opening Balance - - - - - - - - - - - Transfer from Operating - _ - - - - - - - - - - Transfer to Capital - - - - - - - - - - - Transfer to Operating - - - - - - - - - - - Closing Balance - - - - - - - - - - - Interest - - - - - - - - - - - a I3 Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table D-7 Municipality of Bayham Water Service-Richmond Operating Budget Forecast Inflated$ Budget Forecast Description 2014 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Expenditures Operating Costs - - - - - - - - - Salaries&Wages 19,868 20,300 20,700 21,100 21,500 21,900 22,300 22,700 23,200 23,700 24,200 Statutory Benefits 1,766 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 Non Statutory Benefits 3,852 3,900 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 Supplies 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 Tools and Equipment 150 200 200 200 200 200 200 200 200 200 200 Lab Fees 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 4,500 Utilities 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 Property Taxes 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Advertising 75 100 100 100 100 100 100 100 100 100 100 Association Fees 81 100 100 100 100 100 100 100 100 100 100 Auditing Fees - - - - - - - - - - - Water Quality Managemtn 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 System Maintenance 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Vehicle Maintenance 331 300 300 300 300 300 300 300 300 300 300 Richmond Truck 2,750 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 Training&Education 725 700 700 700 700 700 700 700 700 700 700 Licences 345 400 400 400 400 400 400 400 400 400 400 Conferences&Seminars 400 400 400 400 400 400 400 400 400 400 400 Legal Fees - - - - - - - - - - - Richmond Water Amtelecom 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 Administrative Overhead - - - - - - - - - - - Sub Total Operating 48,043 49,000 49,900 50,800 51,700 52,600 53,500 54,400 55,400 56,400 57,400 Capital-Related Existing Debt(Principal)-Growth Related - Existing Debt(Interest)-Growth Related - New Growth Related Debt(Principal) - - - - - - - - - - New Growth Related Debt(Interest) - - - - - - - - - - Existing Debt(Principal) -Non-Growth Related Existing Debt(Interest) -Non-Growth Related New Non-Growth Related Debt(Principal) - 938 1,687 2,172 2,248 2,326 2,408 2,492 15,962 39,877 New Non-Growth Related Debt(Interest) - 385 646 762 686 607 526 442 5,850 14,881 Transfer to Capital - - - - - - - - - - - Transfer to Capital Reserve 293 4,000 7,000 11,000 16,000 22,000 28,500 36,000 44,000 34,000 11,000 Transfer to Rate Stabilization Reserve Sub Total Capital Related 293 4,000 8,323 13,333 18,934 24,934 31,434 38,934 46,934 55,812 65,758 Total Expenditures 48,336 53,000 58,223 64,133 70,634 77,534 84,934 93,334 102,334 112212 123,158 Revenues Base Charge - - - - - - - - - - - Other Revenue - - - - - - - - - Contributions from Development Charges Reserve Fund - - - - - - - - - - - Contributions from Reserves/Reserve Funds - _ - - - - - - - - - - Total Operating Revenue - - - - - - - - - - - Water Billing Recovery-Operating 48,336 53,000 58,223 64,133 70,634 77,534 84,934 93,334 102,334 112,212 123,158 Lifecycle Reserve Contribution($) Water Billing Recovery-Total 48,336 53,000 58,223 64,133 70,634 77,534 84,934 93,334 102,334 112,212 123,158 a G) Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table D-8 Municipality of Bayham Water Service-Richmond Water Rate Forecast Inflated$ 2014 2014 Description Calculated Existing 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (Total Water Billing Recovery II 48,336 I 1 53,000 I 58,223 I 64,133 I 70,634 I 77,534 I 84,934 I 93,334 I 102,334 I 112,212 I 123,1561 Total Customers 53 53 53 53 53 53 53 53 53 53 53 Flat Rate-Annual 912.00 912.00 1,000.00 1,098.54 1,210.05 1,332.71 1,462.90 1,602.53 1,761.02 1,930.83 2,117.20 2,323.73 (Flat Rate-Monthly II 76.00 1 76.00 1 83.33 1 91.55 1 100.84 1 111.06 1 121.91 1 133.54 1 146.75 1 160.90 1 176.43 1 193.641 lAnnual Percentage Change II 1 1 10%1 10%1 10%I 10%I 10%4 10%4 10%4 10%I 10%4 10/I a Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls APPENDIX E COMBINED BAYHAM & RICHMOND SYSTEM DETAILED WATER RATE CALCULATIONS Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx Table E-1 Municipality of Bayham Water Service-Bayham&Richmond Capital Budget Forecast Inflated$ Budget Forecast Description 2014 Total 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I Bayham Capital Expenditures Shared Pick-up truck(20%Bayham Water) - 6,000 - - - 6,000 - - - - - - WaterTowerRehabilitation - - - - - - - - - - - - Water meter and backflow prevented replacement(Bayham - 270,000 - - - - - 52,000 53,000 54,000 55,000 56,000 system) Vienna Booster Station Upgrades 5,000 - - - - - - - - - - - Radio meters/heads 5,000 - - - - - - - - - - - Studies Water Rate Study&Financial Plan 11,550 - - - - - - - - - - - Lifecycle Water Curb Stops,Hydrants,Valves,Meters - - - - - - - - - - - Watermains - - - - - - - - - - - Richmond - Capital Expenditures - Richmond water--building roofing and stand by generator with associated transfer switch and electrical - 46,000 15,000 15,000 16,000 - - - - - - - Shared Pick-up truck(10%Richmond) - 3,000 - - - 3,000 - - - - - - Richmond water treatment---equipment rebuilds and or - 44,000 - - - - - - - 14,000 15,000 15,000 replacement Replacement of the Richmond water distribution system - 679,000 - - - - - - - 287,000 293,000 299,000 including water metering and backflow prevention Lifecycle - - - - - - - - - - - - Facilities - - - - - - - - - - - - Linear - - - - - - - - - - - - TotalCapitalExpenditures 21,550 1,248,000 15,000 15,000 16,000 9,000 - 52,000 53,000 355,000 363,000 370,000 Capital Financing Provincial/Federal Grants - Development Charges Reserve Fund - - - - - - - - - - - - Non-Growth Related Debenture Requirements - - - - - - - - - - - - Growth Related Debenture Requirements - - - - - - - - - - - - Operating Contributions - - - - - - - - - - - - Lifecycle Reserve Fund - - - - - - - - - - - - Water Reserve 21,550 1,248,000 15,000 15,000 16,000 9,000 - 52,000 53,000 355,000 363,000 370,000 Total Capital Financing 21,550 1,248,000 15,000 15,000 16,000 9,000 - 52,000 53,000 355,000 363,000 370,000 Table E-2 Municipality of Bayham Water Service-Bayham&Richmond Schedule of Non-Growth Related Debenture Repayments Inflated$ Debenture 2014 Principal Forecast Year (Inflated) 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 2015 - - - - - - - - - - 2016 - - - - - - - - - 2017 - - - - - - - - 2018 - - - - - - - 2019 - - - - - - 2020 - - - - - 2021 - - - - 2022 - - - 2023 - - _ 2024 - I (Total Annual Debt Charges II - II - II - f - I - 1 - I - I - I - I - I - I - m Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table E-3 Municipality of Bayham Water Service-Bayham&Richmond Water Capital Reserve Inflated$ I Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I Opening Balance 481,349 547,092 579,292 619,292 668,292 737,046 829,269 885,793 973,014 817,051 683,452 Transfer from Operating 87,293 47,200 55,000 65,000 77,754 92,224 108,524 140,221 199,037 229,401 261,949 Transfer to Capital 21,550 15,000 15,000 16,000 9,000 - 52,000 53,000 355,000 363,000 370,000 Transfer to Operating - - - - - - - - - - - Closing Balance 547,092 579,292 619,292 668,292 737,046 829,269 885,793 973,014 817,051 683,452 575,401 Table E-4 Municipality of Bayham Water Service-Bayham&Richmond Water Rate Stabilization Reserve Inflated$ Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Opening Balance 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 Transfer from Operating - - - - - - - - - - - Transfer to Capital - - - - - - - - - - - Transfer to Operating - - - - - - - - - - - Closing Balance 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 555,660 Table E-5 Municipality of Bayham Water Service-Bayham&Richmond Water Lifecycle Reserve Fund Continuity Inflated$ I Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I Opening Balance - - 6,296 19,694 40,595 68,573 104,529 149,449 204,414 270,608 349,324 Transfer from Operating - 6,203 13,107 20,301 26,965 34,411 42,711 51,945 62,195 73,553 86,119 Transfer to Capital - - - - - - - - - - - Transfer to Operating - - - - - - - - - - - Closing Balance - 6,203 19,403 39,995 67,560 102,984 147,240 201,394 266,609 344,162 435,444 Interest - 93 291 600 1,013 1,545 2,209 3,021 3,999 5,162 6,532 m N Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls E-3 Table E-6 Municipality of Bayham Water Service-Bayham&Richmond Operating Budget Forecast Inflated$ Budget Forecast Description 2014 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 l iam Expenditures Operating Costs - - - - - - - - - Salaries&Wages 50,291 51,300 52,300 53,300 54,400 55,500 56,600 57,700 58,900 60,100 61,300 Statutory Benefits 4,470 4,600 4,700 4,800 4,900 5,000 5,100 5,200 5,300 5,400 5,500 Non Statutory Benefits 9,751 9,900 10,100 10,300 10,500 10,700 10,900 11,100 11,300 11,500 11,700 Supplies 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 Tools and Equipment 500 500 500 500 500 500 500 500 500 500 500 Lab Fees 5,000 5,100 5,200 5,300 5,400 5,500 5,600 5,700 5,800 5,900 6,000 Utilities 2,075 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 2,100 Advertising 206 200 200 200 200 200 200 200 200 200 200 Association Fees 550 600 600 600 600 600 600 600 600 600 600 Auditing Fees 3,400 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 System Maintenance 6,550 6,700 6,800 6,900 7,000 7,100 7,200 7,300 7,400 7,500 7,700 Vehicle Maintenance 700 700 700 700 700 700 700 700 700 700 700 Insurance 706 700 700 700 700 700 700 700 700 700 700 Legal Fees - - - - - - - - - - - Truckwaterdistribution 2,850 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 Training&Education 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 1,900 Licenses 150 200 200 200 200 200 200 200 200 200 200 Conference&Seminars 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Telephone&Internet 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Sundry 100 100 100 100 100 100 100 100 100 100 100 Water Quality Management 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 Primary&Secondary Water System Costs 366,016 390,072 411,626 433,532 455,790 478,400 501,363 524,677 540,262 556,261 572,684 Administrative Overhead 5,400 5,500 5,600 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 Utility Adjustments 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 Richmond Expenditures Operating Costs Salaries&Wages 19,868 20,300 20,700 21,100 21,500 21,900 22,300 22,700 23,200 23,700 24,200 Statutory Benefits 1,766 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,800 Non Statutory Benefits 3,852 3,900 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 Supplies 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 Tools and Equipment 150 200 200 200 200 200 200 200 200 200 200 Lab Fees 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 4,500 Utilities 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 Property Taxes 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Advertising 75 100 100 100 100 100 100 100 100 100 100 Association Fees 81 100 100 100 100 100 100 100 100 100 100 Auditing Fees - - - - - - - - - - - Water Quality Managemtn 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 System Maintenance 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Vehicle Maintenance 331 300 300 300 300 300 300 300 300 300 300 Richmond Truck 2,750 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 Training&Education 725 700 700 700 700 700 700 700 700 700 700 Licences 345 400 400 400 400 400 400 400 400 400 400 Conferences&Seminars 400 400 400 400 400 400 400 400 400 400 400 Legal Fees - - - - - - - - - - - Richmond Water Amtelecom 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 Administrative Overhead - - - - - - - - - - - Sub Total Operating 521,458 548,572 573,026 597,832 623,090 648,700 674,663 700,977 719,762 738,961 758,684 Capital-Related Existing Debt(Principal)-Growth Related - Existing Debt(Interest)-Growth Related - Existing Debt(Principal)-Non-Growth Related-Bayham 32,729 34,085 35,497 36,967 38,498 40,093 41,754 30,014 - - - Existing Debt(Interest)-Non-Growth Related-Bayham 11,318 9,963 8,551 7,081 5,550 3,955 2,294 590 - - - Existing Debt(Principal)-Non-Growth Related-Richmond Existing Debt(Interest)-Non-Growth Related-Richmond New Non-Growth Related Debt(Principal) - - - - - - - - - - New Non-Growth Related Debt(Interest) - - - - - - - - - - Transfer to Capital - - - - - - - - - - - Transfer to Capital Reserve 87,293 47,200 55,000 65,000 77,754 92,224 108,524 140,221 199,037 229,401 261,949 Transfer to Rate Stabilization Reserve Sub Total Capital Related 131,341 91,248 99,048 109,048 121,802 136,272 152,572 170,824 199,037 229,401 261,949 Total Expenditures 652,799 639,819 672,074 706,880 744,892 784,972 827,235 871,801 918,799 968,362 1,020,633 Revenues Base Charge 106,002 108,695 112,037 115,470 118,995 122,615 126,332 130,149 134,068 138,092 142,223 Richmond Charge 48,336 50,753 53,290 55,955 58,753 61,690 64,775 68,014 71,414 74,985 78,734 Other Revenue-Landowner Debenture Recovery 41,147 Water Meters 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 Water Connect Charges 5,585 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 6,500 6,600 Penalties and Interest 8,000 8,200 8,400 8,600 8,800 9,000 9,200 9,400 9,600 9,800 10,000 Contributions from Development Charges Reserve Fund - - - - - - - - - - - Contributions from Reserves/Reserve Funds - - - - - - - - - - - Total Operating Revenue 211,570 175,948 182,228 188,725 195,448 202,406 209,607 217,063 224,783 232,777 241,057 Water Billing Recovery-Operating 441,229 463,872 489,846 518,155 549,444 582,566 617,628 654,738 694,016 735,585 779,576 Lifecycle Reserve Contribution($) 6,203 13,107 20,301 26,965 34,411 42,711 51,945 62,195 73,553 86,119 Water Billing Recovery-Total 441,229 470,075 502,953 538,456 576,409 616,977 660,339 706,683 756,211 809,139 865,695 Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table E-7 Municipality of Bayham Water Service-Bayham&Richmond Water Rate Forecast-Richmond Inflated$ Richmond #of Customers 53 53 53 53 53 53 53 53 53 53 53 Richmond Volumes 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 10,504 Monthly Charge $ 76.00 $ 79.80 $ 83.79 $ 87.98 $ 92.38 $ 97.00 $ 101.85 $ 106.94 $ 112.29 $ 117.90 $ 123.80 Annual Charge $ 912 $ 958 $ 1,005 $ 1,056 $ 1,109 $ 1,164 $ 1,222 $ 1,283 $ 1,347 $ 1,415 $ 1,486 Table E-8 Municipality of Bayham Water Service-Bayham&Richmond Water Rate Forecast-Bayham Inflated$ 2014 2014 Description Calculated Existing 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Total Water Billing Recovery 441,229 1 1 470,075 1 502,953 1 538,456 1 576,409 I 616,977 1 660,339 1 706,683 1 756,211 I 809,139 1 865,695 Total Consumption(m3) 156,188 156,980 158,564 160,148 161,732 163,316 164,900 166,484 168,068 169,652 171,236 Constant Rate 2.82 2.82 2.99 3.17 3.36 3.56 3.78 4.00 4.24 4.50 4.77 5.06 Annual Percentage Change I I 6%I 6%I 6%I 6%I 6%I 6%j 6%I 6%I 6%I 6% M 4. Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls APPENDIX F BAYHAM SYSTEM DETAILED WASTEWATER RATE CALCULATIONS Watson&Associates Economists Ltd. H:IBayham12014 W&WW Rate Study and O.Reg Financial Plan\Report\Report.docx Table F-1 Municipality of Bayham Wastewater Service Capital Budget Forecast Inflated$ Description Budget Forecast Total 2014 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Capital Expenditures Air release valves change outs - 95,000 15,000 15,000 16,000 16,000 16,000 17,000 - - - - Pumping Station Roofing - 18,000 3,000 3,000 3,000 3,000 3,000 3,000 - - - - Shared Pick up truck(70%) - 22,000 - - - 22,000 - - - - - - Wastewater Generator Condition Assessment,Load testing and - 52,000 8,000 8,000 9,000 9,000 9,000 9,000 - - - - possible repairs Wastewater Manhole Rehabilitation(Port Bunnell collection - 63,000 10,000 10,000 10,000 11,000 11,000 11,000 - - - - system) Wastewater treatment plant process assessment and concrete _ 159,000 25,000 26,000 26,000 27,000 27,000 28,000 - - - - structural integrity review along with potential repairs Wastewater equipment(pumps,blowers,electric motors) - 263,000 42,000 43,000 43,000 44,000 45,000 46,000 - - -replacement to high efficient Pump rebuilds 35,000 - - - - - - - - - - - Air release valves-PS 2&5&Forcemains 15,500 - - - - - - - - - - - Airblowerrebuilds 4,800 - - - - - - - - - - - Septage Building Railing 4,000 - - - - - - - - - - - Computer Upgrades 4,000 - - - - - - - - - - - Studies Wastewater Rate Study&Financial Plan 5,775 - - - - - - - - - - - Total Capital Expenditures 69,075 672.000 103,000 105,000 107,000 132,000 111,000 114,000 - - - - Capital Financing Provincial/Federal Grants - Development Charges Reserve Fund - - - - - - - - - - - - Non-Growth Related Debenture Requirements - - - - - - - - - - - - Growth Related Debenture Requirements - - - - - - - - - - - - Operating Contributions - - - - - - - - - - - - Lifecycle Reserve Fund - - - - - - - - - - - - Transfer from Wastewater Capital&Rate Stabilization 69,075 672,000 103,000 105,000 107,000 132,000 111,000 114,000 - - -Transfer from Wastewater Capital Reserve - - - - - - - - - - - - Total Capital Financing 69,075 672,000 103,000 105,000 107,000 132,000 111,000 114,000 - - - - Table F-2 Municipality of Bayham Wastewater Service Schedule of Non-Growth Related Debenture Repayments Inflated$ Debenture 2014 Principal Forecast Year (Inflated) 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 2024 2015 - - - - - - - - - - 2016 - - - - - - - - - 2017 - - - - - - - - 2018 - - - - - - - 2019 - - - - - - 2020 - - - - - 2021 - - - - 2022 - - - 2023 - - 2024 - ITotal Annual Debt Charges 1I - II - II - - - - - - - I - I - I - 7' r Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table F-3 Municipality of Bayham Wastewater Service Schedule of Growth Related Debenture Repayments Inflated$ Debenture 2014 Principal Forecast Year (Inflated) 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 2015 - - - - - - - - - - 2016 - - - - - - - - - 2017 - - - - - - - - 2018 - - - - - - - 2019 - - - - - - 2020 - - - - - 2021 - - - - 2022 - - - 2023 - - 2024 - 'Total Annual Debt Charges - II - II - I - I - - I - I - I - I - I - I - I Table F-4 Municipality of Bayham Wastewater Service Wastewater Capital Reserve Inflated$ Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Opening Balance 53,483 53,483 53,483 53,483 53,483 53,483 53,483 53,483 53,483 53,483 53,483 Transfer from Operating - - - - - - - - - - - TransfertoCapital - - - - - - - - - -Transfer to Operating - - - - - - - - - - - Closing Balance 53,483 53,483 53,483 53,483 53,483 53,483 53,483 53,483 53,483 53,483 53,483 Table F-5 Municipality of Bayham Wastewater Service Wastewater Rate Stabilization Reserve Inflated$ Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I Opening Balance 61,740 61,740 61,740 61,740 61,740 61,740 61,740 61,740 61,740 61,740 61,740 Transfer from Operating - - - - - - - - - - - Transfer to Capital - - - - - - - - - - - Transfer to Operating - Closing Balance 61,740 61,740 61,740 61,740 61,740 61,740 61,740 61,740 61,740 61,740 61,740 Table F-6 Wastewater Service Wastewater Service Wastewater Capital&Rate Stabilization Reserve Inflated$ Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I Opening Balance 1,366,123 1,482,148 1,564,248 1,644,348 1,722,448 1,775,548 1,849,648 1,920,748 2,105,848 2,290,948 2,476,048 Transfer from Operating 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 Transfer to Capital 69,075 103,000 105,000 107,000 132,000 111,000 114,000 - - -Transfer to Operating - - - - - - - - - - - Closing Balance 1,482,148 1,564,248 1,644,348 1,722,448 1,775,548 1,849,648 1,920,748 2,105,848 2,290,948 2,476,048 2,661,148 Table F-7 Municipality of Bayham Wastewater Service Lifecycle Reserve Fund Inflated$ Description I 2014 I II 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I Opening Balance - I_ - 25,375 81,581 169,079 293,416 455,142 659,894 913,392 1,216,368 1,574,639 Transfer from Operating - 25,000 55,000 85,000 120,000 155,000 195,000 240,000 285,000 335,000 390,000 Transfer to Capital - - - - - - - - - -Transfer to Operating - - - - - - - - - - - Closing Balance - 25,000 80,375 166,581 289,079 448,416 650,142 899,894 1,198,392 1,551,368 1,964,639 Interest - I _ 375 1,206 2,499 4,336 6,726 9,752 13,498 17,976 23,271 29,470 711Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table F-8 Municipality of Bayham Wastewater Services Operating Budget Forecast Inflated$ Budget Forecast Description 2014 2015 I 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 Expenditures Operating Costs Salaries&Wages 178,193 181,800 185,400 189,100 192,900 196,800 200,700 204,700 208,800 213,000 217,300 Statutory Benefits 15,838 16,200 16,500 16,800 17,100 17,400 17,700 18,100 18,500 18,900 19,300 Non Statutory Benefits 34,551 35,200 35,900 36,600 37,300 38,000 38,800 39,600 40,400 41,200 42,000 Clothing Allowance 633 600 600 600 600 600 600 600 600 600 600 Advertising 200 200 200 200 200 200 200 200 200 200 200 Association&Mem Fees 200 200 200 200 200 200 200 200 200 200 200 Auditing Fees 3,400 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 Insurance 5,908 6,000 6,100 6,200 6,300 6,400 6,500 6,600 6,700 6,800 6,900 Training&Education 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 2,300 Licenses 150 200 200 200 200 200 200 200 200 200 200 Conference&Seminars 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 Travel 250 300 300 300 300 300 300 300 300 300 300 Telephone&Internet 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 4,500 Sundry 112 100 100 100 100 100 100 100 100 100 100 Administrative Overhead 9,500 9,700 9,900 10,100 10,300 10,500 10,700 10,900 11,100 11,300 11,500 Expenditure-Treatment Plant - - - - - - - - - - Lab Fees 9,800 10,000 10,200 10,400 10,600 10,800 11,000 11,200 11,400 11,600 11,800 Chemicals 7,800 8,000 8,200 8,400 8,600 8,800 9,000 9,200 9,400 9,600 9,800 Utilities Plant 64,000 65,300 66,600 67,900 69,300 70,700 72,100 73,500 75,000 76,500 78,000 Supplies-Plant 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 Property Taxes 4,683 4,800 4,900 5,000 5,100 5,200 5,300 5,400 5,500 5,600 5,700 Building/Plant Maintenance 7,500 7,700 7,900 8,100 8,300 8,500 8,700 8,900 9,100 9,300 9,500 Equipment Maintenance-Plant 13,000 13,300 13,600 13,900 14,200 14,500 14,800 15,100 15,400 15,700 16,000 Grounds Maintenance 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 Sludge Haulage/Disposal 18,750 19,100 19,500 19,900 20,300 20,700 21,100 21,500 21,900 22,300 22,700 Odour Control(septage) - - - - - - - - - - - Expenditures-Collection System - - - - - - - - - - Truck 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 Supplies-Collection 900 900 900 900 900 900 900 900 900 900 900 Utilities-Collection System 27,000 27,500 28,100 28,700 29,300 29,900 30,500 31,100 31,700 32,300 32,900 Odour Control 24,000 24,500 25,000 25,500 26,000 26,500 27,000 27,500 28,100 28,700 29,300 System Maintenance 23,000 23,500 24,000 24,500 25,000 25,500 26,000 26,500 27,000 27,500 28,100 Vehicle Maintenance 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 Sub Total Operating 465,768 475,400 485,100 494,900 504,900 515,000 525,200 535,600 546,300 557,100 568,100 Capital-Related Existing Debt(Principal)-Growth Related Existing Debt(Interest)-Growth Related New Growth Related Debt(Principal) - - - - - - - - -New Growth Related Debt(Interest) - - - - - - - - - - Existing Debt(Principal)-Non-Growth Related Existing Debt(Interest)-Non-Growth Related New Non-Growth Related Debt(Principal) - - - - - - - - -New Non-Growth Related Debt(Interest) - - - - - - - - - - TransfertoCapital - - - - - - - - - - - Transfer to Rate Stabilization Reserve Transfer to Capital&Rate Stabilization Reserve 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 Transfer to Capital Reserve - Sub Total Capital Related 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 185,100 Total Expenditures 650,868 660,500 670,200 680,000 690,000 700,100 710,300 720,700 731,400 742,200 753,200 Revenues Base Charge - - - - - - - - - - - Other Revenue - - - - - - - - - Contributions from Development Charges Reserve Fund - - - - - - - - - - - Contributions from Reserves/Reserve Funds - - - - - - - - - - - Total Operating Revenue - - - - - - - - - - - WastewaterBillingRecovery-Operating 650,868 660,500 670,200 680,000 690,000 700,100 710,300 720,700 731,400 742,200 753,200 Lifecycle Reserve Contribution($) 25,000 55,000 85,000 120,000 155,000 195,000 240,000 285,000 335,000 390,000 Wastewater Billing Recovery-Total 650,868 685,500 725,200 765,000 810,000 855,100 905,300 960,700 1,016,400 1,077,200 1,143,200 711 G) Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls Table F-9 Municipality of Bayham Wastewater Services Wastewater Rate Forecast Inflated$ 2014 2014 Description Calculated Existing 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 'Total Wastewater Billing Recovery II 650,868 I I 685,500 I 725,200 I 765,000 I 810,000 I 855,100 I 905,300 I 960,700 I 1,016,400 I 1,077,200 I 1,143,200 I Total Customers 1,226 1,231 1,241 1,251 1,261 1,271 1,281 1,291 1,301 1,311 1,321 Annual Flat Rate 530.89 530.88 556.86 584.37 611.51 642.35 672.78 706.71 744.15 781.25 821.66 865.40 'Monthly Flat Rate II 44.24 I 44.24 I 46.41 I 48.70 I 50.96 I 53.53 I 56.06 I 58.89 I 62.01 I 65.10 I 68.47 I 72.12 'Annual Percentage Change II I I 5%I 5%I 5%I 5%I 5%I 5%I 5%I 5%I 5%I 5%I Table F-10 Municipality of Bayham Wastewater Services Wastewater Rate Forecast Inflated$ I Description II 2014 I I 2015 2016 I 2017 I 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I 'Total Wastewater Billing Recovery II 650,868 I I 685,500 I 725,200 I 765,000 I 810,000 I 855,100 I 905,300 I 960,700 I 1,016,400 I 1,077,200 I 1,143,200 I Total Volumes(m3) 249,257 250,252 252,242 254,232 256,222 258,212 260,202 262,192 264,182 266,172 268,162 Constant Rate 2.61 2.74 2.88 3.01 3.16 3.31 3.48 3.66 3.85 4.05 4.26 'Annual Percentage Change II I I 5%I 5%I 5%I 5%I 5%I 5%I 5%I 5%I 5%I 5%I Watson&Associates Economists Ltd. Bayham 2014 Water and Wastewater Model 8-10-14.xlsx.xls