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2024-06-04 CC Agenda Packet - Presentation #2 - West Basin0 Fiscal Year 2024-2025 Budget Summary City of El Segundo June 2024 About West Basin www.westbasin.org Mission Provide a safe and reliable supply of high -quality water to the communities we serve. www.westbasin.org 3 Service Area F r.11YIIn C nyor. NIII. N1Mf1!' Adn44elrallon C city, r1 VIA P. VAnwor Nin. C.n11nN. wrin Yll-timm Division I Carson, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, and the unincorporated LA County areas of Rancho Dominguez Division II Inglewood, portions of the cities of Gardena and Hawthorne, and the unincorporated LA County areas of Ladera Heights, View Park -Windsor Hills, West Athens, and Westmont Division III Hermosa Beach, Lomita, Manhattan Beach, Redondo Beach, a portion of the city of Torrance, and the unincorporated LA County area of West Carson Division IV Culver City, El Segundo, Malibu, West Hollywood, a portion of the city of Hawthorne, and the unincorporated LA County areas of Del Aire, Marina del Rey, Topanga, and Wiseburn ■ Division V Lawndale, portions of the cities of Gardena and Hawthorne, and the unincorporated LA County area of El Camino Village and Lennox www.westbasin.org n What Charges Are On Your Bill www.westbasin.org What Charges Are On Your Bill Charges from MWD 1. MWD Full Service Treated Volumetric Rate 2. MWD Readiness -To -Serve (RTS) Charge: West Basin collects this charge based on volumetric rate from its retailers on behalf of MWD. 3. MWD Capacity Charge (CC): West Basin collects this charge from its retailers on behalf of MWD. The charge for each agency is a fixed monthly rate based on the allocation formula from MWD. www.westbasin.org 6 What Charges Are On Your Bill Charges from West Basin 1. West Basin's Reliability Service Charge (Assessed on potable rates) • West Basin Potable Water Rate Formula MWD Full Service Treated Volumetric Rate + MWD RTS Rate + West Basin Reliability Service Charge West Basin Potable Tier 1 2. West Basin's Recycled Water Rates • Irrigation recycled water rate • Advanced treated recycled water rate 3. Fixed Service Charge Helps fund the following reliability programs: • Public Information and Education • Water Policy and Resources Development www.westbasin.org 7 Key Budget Drivers www.westbasin.org Key Budget Drivers for Fiscal Year 2024-25 1. Lower demand for potable water in FY 2022-23 and FY 2023-24 resulted i n : a) Lower than budgeted revenue collection of West Basin's Reliability Service Charge in both years. b) Under -collection of MWD's RTS from retailers. 2. Recycled water sales were lower than budgeted. The costs of maintaining the aging facilities, chemicals, and utilities increased. 3. West Basin's Standby Charge revenue phased out through FY 2030-31. 4. Decrease in West Basin's Reserve Balance and Debt Coverage. 5. Net Revenue is not sufficient to cover CIP and R&R Costs. www.westbasin.org 9 Key Budget Drivers: Recycled Water Sales and Costs Recycled water sales and the costs of maintaining aging recycled water facilities have become more unpredictable. Recycled Water Sales in AF vs Cost 60000 50000 40000 30000 20000 10000 0 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 o Recycled Water Sales in AF Recycled Water Cost in Thousands www.westbasin.org 10 Expenses www.westbasin.org FY 2024-25 Proposed Expenses Recycled Water Operations Board Services Conservation Public Information and Education Technical Planning Water Policy & Resources Development Groundwater Monitoring Overhead Total Expenses $53,851,981 442,740 11951,683 3,511,052 $57,519,100 654,000 3,150,455 4,859,793 $56,204,589 1,516,868 2,447,709 41956,549 ($1,314,511) 862,868 (702,746) 96,756 916,009 51215,398 11143,918 (41071,480) 1,891,221 1,316,106 21306,104 989,998 11,100 60,502 201,814 (39,289) 222,496 574,036 11291,883 717,847 $62,798,282 $73,349,390 $69,888,434 ($3,460,956) www.westbasin.org 12 Water Use Efficiency/Conservation • Grass Replacement - $5001,000 • Rebates for residents, businesses and public agencies for grass replacement • Rain Barrels - $128,000 • Five annual rain barrel giveaway events, one within each Division • Public Agency Landscape Design - $30,000 • Free landscape design services for local cities and other public agencies • CII Water Efficiency Program - $50,000 • Parkway Beautification Program- $150,000 • Regional Water Efficiency Program - $138,200 • Partnership with Las Virgenes MWD and LA County Waterworks to provide various water efficiency measures and resources in the northern parts of the service area www.westbasin.org 13 FY 2024-25 Reliability Service Charge Options www.westbasin.org FY 2024-25 RSC & Potable Tier 1 Rates - 4 Options Projected retail potable sales as 80,000 AF and WRD Dominguez Gap Barrier sales as 1,800 AF Tier 1 $1,256 $1256 $1,256 $1,256 RTS 149 149 149 149 Total MWD Water Rate/AF $1,405 $1,405 $1,405 $1,405 WB RSC Increase % 00/0 5% West Basin RSC/AF 275 289 303 316 WB Tier 1 Rate/AF $1,680 $1,694 $1,708 $1,721 Tier 1 $1,395 $1,395 $1,395 $1,395 RTS 191 191 191 191 Total MWD Water Rate/AF $1,586 $1,586 $1 586 WB RSC Increase % 0% 5° West Basin RSC/AF 275 289 303 316 WB Tier 1 Rate/AF $1,861 $1,875 $1,889 $1,902 15 West Basin Fixed Service Charges Includes the operation costs from Public Information/Education and Water Policy. 'ormation Education Water Poli Total c. . California American Water Co. 955 $65,102 $5,425 California Water Service - Dominguez 21,220 1,446,748 120,562 California Water Service - Hawthorne 3,348 228,268 19,022 California Water Service - Hermosa Redondo 9,372 638,995 53,250 California Water Service - Palos Verdes 16,574 1,130,033 94,169 City of El Segundo 6,666 454,498 37,875 City of Inglewood 6,201 422,786 35,232 City of Lomita 1,964 133,888 11,157 City of Manhattan Beach 4,356 296,975 24,748 Golden State Water 19,942 1,359,656 113,305 L.A. Co. Water Works District No. 29 8,097 552,017 46,001 WRD- Dominguez Gap Barrier 7,828 533,687 44,474 TOTAL 106FS23 $7,262,652 $605,221 www.westbasin.org 16 lion f .*4 pop— West Basin @WestBasin i n @WestBasin West Basin Municipal 4-r Water District