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 sched...
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