Title
Discuss and consider action regarding councilmember request for multiple items, including but not limited to compiling information related to utility rate and debt reports, Capital Improvement Plan reports, population calculations, water usage, and quarterly financials.
Summary
The following has been requested by a member of Council.
At a high level, the information requested relates to:
• Utility rate calculations and debt service assumptions
• Certificates of Obligation for the Utility Fund, including callability and defeasance options
• Updated Capital Improvement Plan, detailed project-level pages from the updated FY 2026-2030 5-year CIP document
• Population calculation
• Water usage details from the master plan
• Quarterly financial work session to support Council oversight
1. Utility Rate, Debt Service, and Water Rate Covenant Models (FY 2025 Actuals and FY 2025 & FY 2026 Budgets)
Provide the complete water and wastewater rate calculation models, debt service schedules, and water rate covenant compliance calculations used for FY 2025 actual results and the adopted budgets for FY 2025 and FY 2026, including all supporting schedules and assumptions.
This request includes the following:
A. Water and Wastewater Rate Models
• All formulas, inputs, and assumptions used in the water and wastewater rate calculations
• Identification of actual FY 2025 versus budgeted FY 2025 and FY 2026 inputs
• Identification of any changes in assumptions between FY 2025 actuals and the FY 2025 / FY 2026 budgets
• Identification of the debt service amounts incorporated into each year’s rate model
B. Utility Debt Service Calculations
• Actual principal and interest payments for FY 2025
• Budgeted principal and interest assumptions for FY 2025 and FY 2026
• Principal and interest assumptions for:
o Issued debt
o Authorized but undrawn debt
o Proposed but not yet authorized debt
• Draw-down schedules and timing assumptions used to estimate debt service
• Amortization schedules generated from draw-downs, including WIFIA and TWDB
Please clearly distinguish between:
• Actual FY 2025 debt service paid
• FY 2025 budgeted debt service
• FY 2026 budgeted debt service
2. Certificates of Obligation (Utility Fund)
Provide a listing of all Utility Fund Certificates of Obligation for 9/30/25, including:
• Original issuance date and maturity date
• Call dates and identification of callable bonds
• Eligibility for defeasance or early principal repayment
3. Capital Improvement Plan (CIP) - Project-Level Detail
Provide the detailed CIP pages by individual project that correspond exactly to the revised CIP summary presented at the 9/9/25 meeting and included in the FY 2026 budget.
4. Population Growth and Assumptions (2019-2025)
Provide the population calculation, methodology and assumptions used for the years 2019-2025, including:
• Number of housing units by type (single-family, townhomes, condos, apartments, etc.)
• Occupancy and vacancy rates by housing type
• Persons per household assumptions by housing type
• Any changes to assumptions over time and the rationale for those changes
• If available, please provide these records in a machine-readable format.
5. Water Master Plan - Usage Assumptions
Provide the Water Master Plan data related to the calculation of water usage by type that was included in the charts and tables of the 2025 master plan.
6.Quarterly Financial Worksession Reports
Preferred Ongoing Format
• Financial statements (balance sheet & budget vs actuals) (draft)
• Bond reporting - authorized, drawdowns, encumbrances and spending segregated by bond projects initially approved by voters or Council
• CIP spending & funding to date by project
• Escrow fund reports showing funds received and funds used (would be helpful for a discussion about how remaining funds may be used)
Recommended Action
Discuss and consider action.