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HomeMy WebLinkAboutFIN-20-067 - 2021 Water Utilities RatesStaffReport` Financia! Services Department www. kitchener. ca REPORT TO: Council DATE OF MEETING: December 14, 2020 SUBMITTED BY: Ryan Hagey, Director of Financial Planning, 519-741-2200 ext. 7353 PREPARED BY: Ryan Hagey, Director of Financial Planning, 519-741-2200 ext. 7353 WARD(S) INVOLVED: All DATE OF REPORT: December 9, 2020 REPORT NO.: FIN -20-067 SUBJECT: 2021 Water Utilities Rates RECOMMENDATION: THAT the proposed rates contained in the 2021 Water Utilities Rates schedule attached to Financial Services Department Report FIN -19-088 be approved. REPORT HIGHLIGHTS: • The total Water Utilities Rate Increase is 0.9% • Water and Sanitary Sewer rates are being held flat at 2020 levels • Stormwater increase is required to leverage $50M of grant funding through the Disaster Mitigation and Adaptation Fund (DMAF) • New rates come into effect January 1St BACKGROUND: The rates for the City's Water Utilities (water, sanitary, and stormwater) are set annually by Council. In 2017, a comprehensive review of the water, sanitary and stormwater infrastructure (the Water Infrastructure Program or WIP) was conducted to evaluate infrastructure investment needs and other factors such as affordability, growth, and sustainability. The WIP report provided information about the infrastructure in each of the utilities and provided Council with investment options for both capital replacement and increased maintenance spending along with 5 -year rate options for the utilities. Council's consensus from that discussion provided staff with direction for future investments and rate increases which have been reflected in previous budgets. As well, rate changes for the Water Utilities are passed prior to the start of the year as the new rates come into effect on January 1 St *** This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. REPORT: The proposed rate increases for the Water Utilities are summarized in the table below, with the more detailed schedule attached to the report. Summary of Water Utilities Rate Changes Water 0.0% Sanitary 0.0% Stormwater 6.0% Combined 0.9% The 2021 combined proposed rate increase of 0.9% is significantly lower than the forecast rate increase (as shown in the table below) and aligns with the overall budget strategy of fiscal restraint. Proiected Combined Utilitv Rate Increases Rate Increase Projection from WIP Revised Rate Increase Proiection 6.5% 6.5% 4.5% 4.5% 4.5% 6.5% 6.5% 4.4% 0.9% ? This reduced level of increase was achieved through two major adjustments to the 2021 cost structure for the WIP utilities. First, City staff have proposed a one year pause on the projected increase to full road reconstruction funding and maintenance increases for the WIP utilities. This will maintain the 2020 funding amount for the capital program which replaces aging water, sanitary, and stormwater infrastructure in existing roads, but not increase it as planned during the WIP analysis. Similarly, the planned increase to move the WIP utilities towards more proactive maintenance will be delayed by a year. Second, Regional staff have proposed to hold the costs of water supply and sanitary sewage processing flat at their 2020 levels. These were projected to increase by 1.9% and 4.9% respectively. This has downward pressure on rates since the price increase is less than what was modeled during the WIP analysis. The overall impact is summarized in the table below and shows how each change impacts the overall WIP rate increase. WIP 2021 Rate Increase Reconciliation Original Projected WIP Rate Increase 4.5% Planned Increase to Capital and Maintenance Put on Hold -2.0% Regional Rate Reduction -1.6% Revised Proposed WIP Rate Increase 0.9% An increase to the Stormwater utility rate is required to fund the City's committed share ($75M) of projects being significantly funded ($50M in total) by other levels of government through the Disaster Mitigation and Adaptation Fund (DMAF). A significant portion (75%) of urban areas in the city lack adequate stormwater management. The DMAF funding will implement important stormwater management initiatives that will help mitigate the severity of local flooding that can impact drinking water quality, downstream environments and public and private properties. It is estimated that for every dollar spent by Kitchener ratepayers, they receive a projected return of $18 in prevented damage costs. Operating Budget Follow Up Content During the 2021 Operating Budget discussions on November 30, Council requested additional information about the WIP Utilities including: 1. Provide information about the City's progress towards its road reconstruction goals (e.g. how many kilometres have we completed versus what was planned) 2. Provide information about how reductions in either Water or Sanitary could offset the planned increase in Stormwater 1) Road Reconstruction In 2017, Council approved a long-term infrastructure investment strategy (INS -17-070) that addressed the water infrastructure gap by 2044. The WIP capital program was projected to increase by 6.1 % annually until 2044 to address the gap. The following table shows the total length of road reconstructions planned and completed in each of the previous years of WIP funding (2018 — 2020): 2018 (WIP year 1) 5,800 5,858 2019 5,900 5,828 20j 20 5,990 5,608 Total 17.690 17.294 As demonstrated by the table, the City has been slightly under pace with the planned replacements over the initial 3 years of the WIP program. Further, the original forecasted length planned for 2021 was 6,090 metres however the capital program is being recommended to hold at 2020 funding levels which would realize approximately 5,544 metres of WIP replacements. This will represent a cumulative deficit of 942 meters compared to the original replacement forecast by the end of the fourth year of the WIP program. Attachment B illustrates the infrastructure gap and the planned replacement schedule to address the gap by 2044. The 5 -year WIP program rates endorsed by Council in 2017 represented the longest horizon (by 2044) to close the funding gap for linear capital replacements (also representing the highest risk option). Other proposed options saw the gap closed by either 2032 or 2037, but also included higher rate increases. Given the City has already chosen the lowest proposed rate increase option with a higher level of risk, staff would recommend against additional rate reductions which could further impact utility infrastructure/services. 2) Reduction to Water/Santiary As noted earlier in this report and in the 2021 Operating Budget content, staff are proposing to hold Water and Sanitary rates flat at 2020 levels (i.e. 0% increase). In order to have a no combined rate increase (including Stormwater), either Water or Sanitary would need to have a rate decrease from their 2020 levels. Staff have calculated the impact on these utilities and modeled the impact over the 5 -year forecasts. To have no increase overall in the WIP utilities would require a decrease of either 2.5% to the Water rate, or a decrease of 2.0% to the Sanitary Sewer rate. The impact to the Water utility is so significant it cannot even be considered. A rate reduction of 2.5% in 2021 results in deficits in across all years of the forecast and a stabilization reserve that is below its Council approved minimum value and approaching a negative balance. The impact to the Sanitary utility is also significant and is demonstrated in Attachments C & D of this report. A rate reduction to Sanitary results in deficits of $511,000 in 2021 and $400,000 in 2022 before returning to a surplus position in 2023. It also completely eliminates the balance in the Sanitary Capital reserve meaning there is no funding available for projects that were to come in over budget, or for unexpected projects that may emerge as part of the Sanitary Master Plan scheduled for 2021. In addition to the items mentioned already, staff strongly recommend against a rate decrease in 2021 to either Water or Sanitary for the following reasons: • Council is responsible to ensure the physical and financial quality of our Water & Sanitary systems. The Ministry of Environment's 2016-2017 Inspection Report recommended that the City of Kitchener provide more resources to allow proactive work to the distribution system. Flattening the rate increase at 2020 levels and pushing off reconstruction projects that replace some of the worst condition WIP utilities infrastructure in the city may result in increased reactive response (e.g., more watermain breaks). Therefore, further reductions would put these utilities and infrastructure at increasingly more risk. • A rate decrease in 2021 for either Water or Sanitary will lead to higher rate increases in future years. Reducing rates beyond their existing 2020 levels will require catching up at some point in the future, meaning higher than normal rates in those years. • Each of the WIP utilities is a stand-alone business and surplus funds from one utility cannot be used to offset deficits in another. Reducing the rates in either Water and/or Sanitary below their 2020 levels would have a similar effect as transferring funds from one of those utilities to the Stormwater utility. • While the Water and Sanitary utilities have strong balances in their stabilization reserves, these businesses are very susceptible to uncontrollable wet weather. Water and Sanitary revenues fluctuate significantly based on how wet/dry the weather is and 2020 was a dry year. The dry weather resulted in high levels of outdoor water use which translates into high revenues and improved stabilization reserve balances. • Any excess funds from Water or Sanitary stabilization reserves are transferred to their corresponding capital reserve. Capital is a large driver of Kitchener's Water and Sanitary rates, so having more money available in capital reserves will help offset future rate impacts for unexpected projects. • A 0% increase for both Water & Sanitary is a consistent approach being used across the region in 2020. Cambridge has already passed a 0% increase for these utilities, and both the City and Region of Waterloo are proposing to hold their Water & Sanitary rates at 2020 levels. The City of Waterloo is also planning to have an increase to their Stormwater rate in excess of what is proposed by the City of Kitchener. STRATEGIC PLAN ALIGNMENT: This report supports the delivery of core services. FINANCIAL IMPLICATIONS: The total annual impact of the proposed rate changes is $11 (or 0.9%) as noted in the table below. Impact on Homeowner Water $451 $451 $0 Sanitary $568 $568 $0 Stormwater $186 $197 $11 TOTAL $1,205 $1,216 $11 Assumptions: • Water & Sanitary: water consumption of 175m3 annually • Stormwater: Residential Single Detached Medium COMMUNITY ENGAGEMENT: INFORM — This report has been posted to the City's website with the agenda in advance of the council / committee meeting. PREVIOUS REPORTS/AUTHORITIES: • FIN -20-066 2021 Operating Budget APPROVED BY: Jonathan Lautenbach, Chief Financial Officer, Financial Services ATTACHMENTS: Attachment A — 2021 Water Utilities Rates Attachment B — WIP Projection from 2017 Staff Report (INS -17-070) Attachment C — Sanitary Sewer 5 -Year Budget Projection Attachment D - Sanitary Sewer 5 -Year Budget Projection with 2% Rate Reduction Attachment A - 2021 Water Utilities Rates The minimum charge for water and sanitary sewer is calculated as 1/10 m3 per day The flat rate sewer charge for properties not connected to the municipal water system is based on the average annual residential consumption of 175 m3 at the current approved sanitary sewer rate and is billed monthly Sanitary (per cubic metre) $ 3.1546 $ 3.1546 Water (per cubic metre) $ 2.5045 $ 2.5045 Stormwater (monthly charge) Residential Single Detached Small $ 9.26 $ 9.8277 Residential Single Detached Medium $ 15.46 $ 16.39 $ 0.93 6.00% Residential Single Detached Large $ 20.32 $ 21.54 $ 1.22 6.00% Residential Townhouse/Semi-Detached $ 11.04 $ 11.70 $ 0.66 6.00% Residential Condominium $ 6.15 $ 6.52 $ 0.37 6.00% Multi -Residential duplex $ 12.37 $ 13.11 $ 0.74 6.00% Multi -Residential triplex $ 18.59 $ 19.71 $ 1.12 6.00% Multi -Residential four-plex $ 24.72 $ 26.20 $ 1.48 6.00% Multi -Residential five-plex $ 30.93 $ 32.79 $ 1.86 6.00% Multi -Residential (>5 units) $ 3.10 $ 3.29 $ 0.19 6.00% Non -Residential Smallest $ 29.57 $ 31.34 $ 1.77 6.00% Non -Residential Small $ 79.07 $ 83.81 $ 4.74 6.00% Non -Residential Medium -Low $ 207.17 $ 219.60 $ 12.43 6.00% Non -Residential Medium -High $ 604.75 $ 641.04 $ 36.29 6.00% Non -Residential Large $ 1,465.70 $ 1,553.64 $ 87.94 6.00% Non -Residential Largest $ 3,146.54 $ 3,335.33 $ 188.79 6.00% The minimum charge for water and sanitary sewer is calculated as 1/10 m3 per day The flat rate sewer charge for properties not connected to the municipal water system is based on the average annual residential consumption of 175 m3 at the current approved sanitary sewer rate and is billed monthly ti Q r (6 O O) N (D E O j C O L V � Q — �O N L � CL CL 1 0 m U) O O E= t U_ QC dC d JI I , � 1 1 I 1 I 0 a in 0 0 a a a a 0 0 0 0 0 a 0 e o 0 to 0 paIeIda}j d pa 11015 UI ulewaa#laM W saaJOW OW-Mz trva�-atia� Bear-�eaz treat -aeon 6ZaZ-szaz trZaz-azaa BLONLaa trlat-a4M BOOZ-5L]aZ trnaZ-DDDZ 66BL-566L trBBL-0681 686L-5861 trB6L-o86L 6E84-5184 tr1BL-a184 BBBL-5984 $S$L-55�'iL tr58L-a584 64$L-5tr$4 trtr$L-atr$L 6EBL-5EB4 tre$L-(}4 B�BL-5Z84 tr7.B4�4884 $L$L-54$L trlBl-aL84 BBBL-5884 tr0$4-C}0$L 006L-DJd a 0 0 S W w w z c m CL v m W v 00 Attachment C - Sanitary Sewer 5 -Year Budget Projection 1000,0 Budget Projected Budget Budget Budget Budget Budget 2020 2OZ0 21121 2022 2023 Z024 2025 REVENUE AND EXPENSES Sealer Surcharge castofsewage Processing Gross Profit GR055 PROFIT% MISCELLANEOUS REVENUE Other Revenue EXPENSES Administration COQVI❑ costs Maintenance Sewage Rebates Transfertocapltal (Road Reconstruction) Transferto capital (13ther) 59,338 61,537 59338 52,010 555,058 68,062 71,409 32,873 32,505 3'x933 33,889 35,356 37,054 38,852 26,465 29,032 ZEg405 3.8, 121 29,702 30,996 32,557 45% 47% 44% 4;1% 45% 45% 45% 1,013 1,491 3. 332 1,.295 1,352 1,411 1,453 2,499 2,454 4524 3,5.68 2,512 2,664 2720 (2,038] 255 C)wrall Enterprise Result 5,097 4,486 %Cas 5,238 5,450 5,670 5,399 824 824 851 851 889 929 363 15,412 15,412 1%412 15,353 17,350 18,4(M 19,531 3.574 3,574 3,153 3,082 2,660 2,710 3,034 27,406 Z7,U06 21x985. 3$,091 33,951 30,381 3.2,207 Net Revenue (EM pen5e] 72 3517 TIM 1,325 21093 202B 1,813 ` Transfer (to)jfrom 5tabll lEatlon Reserve (72j (3,517) (702) (1,325) (2,.093) (2,038] (1,813] C)wrall Enterprise Result STAB 1LIZATI DN RESERVE FUN Op en l ng Balance 7,171 7,171 9.231 8,901 9,301 9,759 10,209 ,Add:Transfer (to)/from Enterprise 72 3,517 702 1,.325 2,093 2,028 1,813 Add: Interest revenue(expanse) 184 132 170 164 171 180 188 Less= Transferto capital reserve - (1,589) (1„20Z] (1,089) (1,806) (1,758) (1,499+ ClOsl rg Balar 7¢427 9231 $901 9301 9,759 1021019 10,711 Minimum Benchmark[10%.Ft.I revenud 5,-936 G,154 5,934 6.201 GSGG 0,81M 7,141 Max i mu m Bench rry rk[15%el Pate l revenuo} 8,901 9,231 8,901 9,302 9,759 10,209 10,711 CAPITAL RESERVE FUND Dpen l ng Balance 1,995 1,995 %730 1,141 2537 3,528 5,358 Add= Excess from stab l l Ratio n reserve - 1,589 1.ZDZ ],089 1,806 1,756 1,499 Less: Transfer to capital (81910 (857) (Z, 310) (555) - - - Add:lRte rest revenue(ex pense) 15 23 (1] 12 35 72 110 C 1051 ng B a l a noe 3217[1 2750 1.141. 1.687 3-528 5358 5.967 Minimum Benchmark 150%avSbalanceln2Gyrfere Q 11,707 11,707 11,679 11,679 11,679 12.G79 11,679 Maximum l7mehrrurk[150%a.$6alanm in l0 yr fora -ase} 35,120 35,120 35.036 35,036 -ISA36 35,036 35A36 %Increasei n Rena i l Saver Raee 330% 0.00% 4.50% 450% 3.70% 4.08% %.Increase i n ReB on Wholealc Ra oo 350% ❑.m% 2.90% 3.90% 390% 3.90% % Ii n Cons umpeion 232%. 000% 0.00% CAG% 0B9% 0.88%. Attachment D - Sanitary Sewer 5 -Year Budget Projection with 2% Rate Reduction ,cac':I R EVEN LIE AND EXPEN5E5 .5 k rSur[ha rge Cast of S -g, Praressing rxra Proftt aRO55 PROFIT% M ISC ELLAN EO115 REVENUE other Revenue Eft P ENSE5 AdminfoTatlan COV I6 CCsts Ma ht--. Sewage Rebates Transferto capital [Road Fec tr tlDnp Transfer to caplt3l [(ltlrer[ Net Revenue{Expense) •Trac fmr[k]yfmm5tablla3tk1n Resertre Budget PrDjetted Budget Budget Budget Budget Budget 2924 2020 2021 2O22 2023 2424 2925 59338 51537 58,151 56,758 53,756 55,700 59,478 32,813 32 -WS 32933 33,889 35358 37,661 3$852 26AGS 251632 25:.18 26,879 28A03 29.535 3L,125 45% 47% 43% 44% 45% 44% 44% L013 1A91 1.267 U60 1315 1372 1,423 2A99 2,451 21`35 2-W 2,524 2.677 2,T34 2-% 7,171 7,171 9,231 8,723 8A84 5"7 4,486 5.035 5.36 5,456 5,676 5,1,99 824 824 95L 834 872 911 445 L5Al2 L5AL2 LSA12 15352 17356 EBA68 19531 35T4 3,574 3,163 3531. 2,6613 2,710 3.095 27AC6 27.006 26996 28539 28956 30376 32,20.3 72 3.517 On) (4VO] 759 632 346 M7 (3517[ 511 460 [759[ {632[ [346) 10A97 CAPITALPLESEFIVE FUND STABILIZATION RESERVE FUN0 Dpening63l rre 7,171 7,171 9,231 8,723 8A84 9399 10,005 • Add: Tr3mfer(m)/fmm Erlterpd� 72 3,517 [511) (406) 759 632 346 Add: Interest 184 132 176 161 156 173 184 Less: TM rifer m capita I la'serve - [151} [167� - - [lggj 130 Cbsbrg Balance 7A27 g.31 8.723 aA84 g399 10.005 1OA97 Mlnlmum Bealchmark(10.9 aflot3 >:a1 I 5,934 8,154 5,815 5'77 5,375 5,570 8998 Maximum Benchmark(li%oftota.'alaglal 8941 9,231 8,733 4,115 9SB3 10,005 10A97 CAPITALPLESEFIVE FUND Opening Sala, 1995 1995 2,750 10.6 - - 199 Add: Exressframstablll7atinnr25a - 1589 167 - - 199 3S L255: Trafeert0c3plt3l 19-13 [857} (}_SIA) 110Bf - - - Add:Interest revenue[experae[ LS 23 [1[ 4 Clesing 6aiaxe 1200 2,750 106 199 24L Minimum Be4chmafk{30% avgbalanceln l0yrfmrecast} 11,707 11,701 11,679 11,679 111819 11,679 11,679 Max§m um Benchmark{1511%avghaiance 3n lay,f[a -t] 35,120 35,120 35,036 35,036 351036 35,036 35,836 %rnaeaseln Retail Sewer Pate 390% -2130% A30% 430.9 3.79% 4130.9 %Po-. ini I.. Who-lesale Pate 39a% 0130% 290% 390% 399% 390% % In eease I n Canso mytIon 232% QAQ% 0413% 0A0% 0.88% 098%