R00-057 RESOLUTION NO. R00-,.,4"~
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, APPROVING A
RATE INCREASE FROM $1.00 PER EQUIVALENT
RESIDENTIAL UNIT (ERU) TO $6.00 PER ERU FOR
ALL IMPROVED PROPERTIES WITHIN THE CITY TO
PROVIDE NECESSARY FUNDING FOR THE
MANAGEMENT AND OPERATION OF THE CITY'S
STORMWATER SYSTEM; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, Article VII, Chapter 26 of the City of Boynton Beach Code
of Ordinances provides for the imposition of stormwater fees upon all improved
properties within the City for services and facilities provided by the stormwater
management.
WHEREAS, Article VII, Chapter 26-403 (b) currently provides a
monthly charge of $1.00 per ERU for all improved properties within the City of
Boynton Beach.
WHEREAS, Section 26-403 (b) also provides that the City
Commission may, from time to time, by Resolution amending the monthly ERU
charge established.
WHEREAS, based upon the justification provided by the City's
consulting engineer in a report dated March 15, 2000, and the outcome of the City
Commission's Workshop held on April 17, 2000, an increase in the monthly
stormwater utility fee from $1.00 per ERU per month to $6.00 per ERU per month is
necessary.
WHEREAS, the City Commission of Boynton Beach, upon the
recommendation of staff deems it to be in the best interest of the City and its
residents to increase the rate to $6.00 per ERU per month in order to efficiently
operate and maintain the stormwater management system.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The City Commission of the City of Boynton Beach, Florida
hereby approves an increase in the monthly stormwater utility fee from $1.00 per
ERU per month to $6.00 per ERU per month.
billing.
Section 2.
The increase shall be effective the next full cycle of the utility
Section 3.
passage.
PASSED AND ADOPTED this
This Resolution shall become effective immediately upon
day of May, 2000.
ATTEST:
Cit~ Clerk
CITY O~BOY~O~I B,,~CH, FLORI~DA
Vice Mayor
Mayor Pro Tom
~2~mmissi°ner/
DRAFT
TABLE
CITY OF BoyNTON BF..AcH, FLORIDA
8TORMWATER, WATER AND WASTEWATER ENTERPRisE FUND RATE STUOY
PROJECTION OF STORblWATER 8¥STEM REVENUES, EXPENDITURE8 AND CA&H FLOWS WFTH RATE ADJUSTMF-I~T
Item 1999
Revenues:
Total Charges for ~lervicea (2)
I~e~ ~rningl 81,~9
Mml~ R~enu~ 0
Op~ Tra~/e~ ~ ~m 8an~
Net R~enu~ (~41
A~nual P~e ~ &
Sed~ 2~ R~, ~d PUn & In~ To~l ~nu~ Pr~n=t~l &
N~ Rev~uel A~r Oa~
Tmn~em to Ran, R~I. & Improvement Fund (~ O
Ml~r cap,al Ou~ (8) ., 107~q~
N~ Reven~es A~bie ~ O~er Parp~ (~)
~mul~lve SunUP(Delhi[) (10)
, ~s~sl Year
..__... Pro acted .... ·
..2C~O1 2002 2003 2004
$1~104.789 $I ,B27,000 $1
48,000 97,000 ~5,0C~ 94,000 M.00O
$440,861 $440,8~1 $888'.1~? $883,879 $B55,8t0 $976,104
'$789 568 ( 60 696 $1 2;31 180 $1 ~ 742 St 640 33 $1 643 207
; 76G~68 I 7 2G $2~81444 443518 ,~aOTG.q24'~ $7918730
,fl) Takerl from Table 5-7, axcept where oeheru~a n~t~.
[2) A~meg ~ a~em from $1.C0 par mon~ ~r ERU to $3,00 per month per ERU,
:~ Taken ~em Table 4~.
~4) Tarn ~m T~Ie 4~.
(5) E~l~d ~ ~qe~re ~ m~m~e d~ ~P~t~ ~p~ ~ert.
~ Equil N~ R~u~ d~ ~ T~i ~n~l P~ & ~n~.
(~ A I ~ter my~ e~dilur~ a~ ~et~ one Pro~eO aa e~er ou~ e~e~ or ~1
(~ ~1 Year 1~ ~k~ ~ Table ~1; ~s~ y~ 2~0 ~en from TabE 4-2. ~o~ ~1Y~ 2~. ~ue~ amoan~ equal the
average valu~ for Rs~l Ye~ l~g a~ 2000, h~r~e~ ~ 3.0~& ~n~]N f~ Inflat;on.
(9) Equals N~ R~u~ ~r ~ ~ ~s T~na~r~ m R~, E~laeeme~ & tradesmen: Fu~
(10) Equals Cumul~Jve s~l~(Defimt) from prat Y~r prus Net Rev~u~ A~lllble lot ~h~ Pumoe~ In cu~ y~r.
Rat~_Studl/.xlw
Secti~ 6 4/28/00:8;35 AM
]~V-CONSENT AGENDA
]:TEM C.3
CITY OF BOYNTON BEACH
OFFICE OF THE ASSISTANT CITY MANA
INTER-DEPARTMENTAL CORRESPONDENCE
DATE:
TO:
FROM:
SUBJECT:
April 28, 2000
Kurt Bressner, City Manager
Dale S. Sugerman, Assistant City Manager
Alternative Rate Scenarios for May 2nd City Commission Meeting
Attached you will find 3 charts showing the' Stormwater Utility cash flow when using an
ERU rate adjustment of $3.00 per ERU per month, $4.00 per ERU per month, and $5.00
per ERU per month.
As you can see, in all three scenarios, the system's cash flow is negative throughout the
five years of the projections. You will see that the negative cash flows range from a Iow of
just over $ 9 million dollars to a high of nearly $24 million dollars.
I will be in attendance at the City Commission meeting on Tuesday evening to answer any
questions that may come up on these charts, or any other issues associated with the
proposed stormwater utility rate adjustment.
Dale S. Sugerman
Assistant City Manager
cc: John Guidry, Utility Director
DRAFT
TABLE $.1
~TY OF I~OYNTON BEACH. FLORIDA
STCRMWATER, WATER AND WASTEWAI'~R ENTERPRISE[ FUND RATE STUDY
PROJECTION OF STORMWATER SYSTEM REVENUES? EXPENDITURES AND CASH FLOW& WITH RATE ADJUSTMENT 5/!/00
1999 2000
Total Charge~ for Servi;e~ (2) $581,527 $1.3~li,877 $2,~18,0(:10 $2.4e0.000
Interest [arninge 81 ,~ 46,(3C0 ~?.0OO
Misc, ellaneeua Rev~uea O 0 O 0
Ol~rating Tranlfem In from Sanitarian 331703 33~703 34.000 34,000
Total Revenues $703,1e9 $1,4,37,~680 ,;;Z,5$¥:~X3
Total Cun'en! (Operating) Expe~ees (3) $$44,768 ,Sl/l,94,715 $1~:325~000
Nee Revenue~ ($24:,59&) ;2,42,8c~ $1,242,0i23 $1,022.0~0
Annul Pnncimd & ;ntere~
Exisbng '~0tal P~inc;pal 8, In,emit (4)
~eriee 2~00 Rev. Bonel Prin. & Intere~
TOtal Annual flrin,;iaal & Interest
Dab? &a~ee Cevaraee: (~ (0.548) 0.30~ 0.717'
Net ~qevenueJ After Debt Service ($$$2,45g) (~557,9gE} ($4eg.1B0) ($701,74~)
T.'ansfart to Rml. Repl. & Improvement Fund (7) 0 13 0
Minor Capital OuJtJy~ (il) 107,109 t,,~1,E12 133j(X~O
Net Revenuea Available fo~ Other Purlao~es (g)
Cumulative $~rl=lue/(Deflelt) (10)
341~00 34r000
$2,612,000 $2,630,000
$1,775,000 $I
$837,00D $63g,OCX3
$4~.MI ~kto,a&l .eAi85,037
0 360100O 645,143 630,863
S'4401661 ~e~9--qOrE~l ,~1 t731 180 $1,723~742
$78~ ~ 09808 ~"22 180 1~838 742 ~ 019337 1216,20
S789 568 l. I 49~ 17 2 121 350 2.96Q 098 9 4,3 E 195 842
(1] T~en kern Table 5-7', ex=ep~ where ome~e n~t~.
~) .~met an adJ~tme~ from SI.Q0 ~r month ~r ERU te $4,00 per month per ERU,
(3) 7t~n/rom Tab~ ~
f~ Eq~ Net R~u~ ~d~ by T=~I ~n~l P(n~l~l & I~.
r =- P J · · ~er r~e~ e~ns~ or ~1
,e) le~ Ym~ 1~ ~km ~m Table 4-t~ F~a~I Y~r 2~0 t~en fm~ Table ~ ~v.~a ~ ......... ~ -
2 o.
~g) Earls Net R~u~ A~er ~ 6e~ ~ Tm~m to ~ene~l, Repl~ee~ & Im~revemem Fun~ '~ Minor ~p~l Outlays,
~10) E~ll Cumul~ Su~O~ ~am pnor y~r ~ Net R~enu~ A~l~bfe ~r ~h~ Pu~ in ~u~ ~r.
Rate_&tudy. xlt Section 6 4125/00;8:36 AM
DRAFT
TABLE &t
CITY OP' ~OYNTON BEACH, FLORIDA
STORMWATER, WATER AND WA~TEWATER ENTERPRISE FUND RATE STUDY
PROJEC~ON OF STORMWATER S¥STE~! REVENUES, EXPENDITURES AND CASH FLOWS WITH RATE ADJUSTMENT 5/1/00
Floral
I~ern lade 2cx)o 2cx)1 2cx32 =(303 ' ' 2004
Total current ~OPe~lng) F. xpar~as (3)
.~mual Prif3~iDBt &
F_..flstlng Total Prmeipai & Interest (4)
Series 2C)~0 Rev, Bond Prin. &
Total Annual Fr!nelPll & Interem
~bt Sa~:e _C~
N~t Revenues At~r Oe~ Se~
Transfers to Ran, Real. & Improvement Fuqd (73
MIr4~r Ca~ll~l Outlays
Net Revenues Available for Ot~er P~rposes
Cumulatlw Surplua!(Deflclt) (10)
$~44,788 $1 ,!04,715 $1,325tCX30 51 ;S$?~0~O $1 ;77-J';, .~.O $1 ,agl,000
($241 ,~$) 5493,9~3
(1) TaI~I~ from Table $-7, ex~ept where ¢~henates
(2) A~mss an a~us~ lmm $1.~ ~r m;n~ ~ ERU ~ $5.00 per month per ERU, a~ w~o,
(3) Ta~ ~ T~e ~,
(4) TB~ from T~ ~.
(~ 5a~ N~ Rev~u~ ~ ~ To~ Annual P~nelpal &
(~ N~ i~et~ sy~m e~dltur~ am bu~g~ed a~ pmj~ es eater G~t e~en~J or ~81 ~pond~.
(8) ~1Y~ le~ ~k~ from Ta~e ~; ~ Y~r ~ t~n fr~ T~le ~2, 8~ee ~e~l Y~ 2000.
~emge ~la~ for ~l~l Y~ 1~ end 2~, ~r~a bY 3,0% inn~l~ for ink. n.
~ ~ls N~ R~nuaJ A~r ~ 8~ J~ TmnJ~re le Ren~, RJpIJ~ & I~me~ Fund !~
~1~) E~als Cum~a~ve Su~(B~) ~m pnm y~r ~ Ne ~e~nu~ A~ileble ~r ~h~ Pu~ In ~enJ ~r.
R~te_St~dy.~l~ Se~Jo~ 6
4/2B/00:8:38 AM
DRAFT
TABLE 6-1
CITY OF BOYNTON BEACH, FLORIDA
STORMWATER, WATER AND WASTEWATER ENTERPRISE FUND RATE STUDY
PROJECTION OF STORMWATER SYSTEM REVENUES, EXPENDITURES AND CASH FLOWS WITH RATE ADJUSTMENT 5/1/00
F~I Year
Actual A~ljusted P_...~[~.ected
Item 1999 2000 2001 2002 2003 2004
.Revenues: (1)
Total Charges for Services (2)
Interest Earnings
Mlecallaneous Revenues
Operating Transfem in from Sanitation
Total Revenues
Total Current (Operating) Expenses (3)
Net Revenues
Annual Principal & Interest:
Existing Total Principal & Interest (4)
Series 2000 Rev. Bond Prin. & Interest (5)
Total Annual Principal & Interest
Debt Service Coveraqe:
Net Revenues After Debt Service
Transfers to Ren. Rebl. & Improvement Fund (7)
Miner Capital Outlays (8)
Net Revenues Available for Other Purposes (9)
Cumulative Surplua/(Deficit) (10)
$587,527 $1,858,054 $3,654,000 $3,690,000 $3,726,000 $3,762,000
81,959 48,000 97,000 95,000 94,000 88,000
0 0 0 0 0 0
~,703,189 $1,939,756
34,000 34,000 34 000
$3,785,000 $3,8~[~:~r~a~;~ii[~~
$.944,788 $1..._.~.,lg4,715$1,325,000 $1,567,000 $1,775,000 $1,ggl ,000
($241,598) $745,042 $2,4.60,000 $2,252,000 - $2,07g,000 $1,893,000
$440,861 $440,861 $886,037 $883,879
0 360,000 _P,4. __~, 143 839,863
$440.861 -.-~JO0_ ,861 $1,731,180 $1,723,742
(0.548) o.g30 1.421 1.306
($682,459) ($55,81g) $728,620 $528,258
0 0 0 0
107,109 151,612 133,000 137,000
:~885,910 $976,104
829,427 734,103
$1,715,337 $1,710,207
1.212 1.107
$363,663 $182,793
0 0
141,000 145,000
($78g.568) ($207,431) $5__c~5,820 $391.258 $223.663 $37,793
($789.568) ~q97,000 ~,~,01,179 $9,921 $212,741 $250,535
(1) Taken from Table 6-7, excedt where othenvies noted. ~
(2) Assumes an adjustment from $1.00 per month per ERU to $6.00 per manth per ERU, effective 5/1/00.
(3) Taken from Table 4-3.
(4) Taken from Table 4-6.
(5') Estimated by und~ to maximize debt capacity with proposed adjustment.
(6) Equals Net Revenues divided by Total Annual Principal & Interest.
(7) All eton'nwater system expenditures are budgeted and projected as either current expenses or capital expenditures.
(8) F'~cal Year 1999 taken from Table 4-1; Fiscal Year 2000 taken from Table 4-2. Beyond Fiscal Year 2000, annual amounts equal the
average values for Fiscal Yearn 1999 and 2000, increased by 3.0% annually for inflation.
(9) Equals Net Revenues After Debt Sen~ice less Transfers to Renewal, Replacement & Improvement Fund less Minor Capital Outlays.
(10) Equals Cumulative Surplus/(Deficit) from prior year plus Net Revenues Available for Other Purposes in current year.
Rate_Studyads Section 6 3114/00;1:58 PM