Finance & Insurance Committee Item 8 February 12, 2018 F&I - - PowerPoint PPT Presentation

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Finance & Insurance Committee Item 8 February 12, 2018 F&I Committee Item 6-c, page 1 January 11, 2016 Overview Proposed Biennial Budget Operating Budget Ten-Year Financial Forecast Next Steps Finance & Insurance Committee

SLIDE 1

F&I Committee January 11, 2016 Item 6-c, page 1

Finance & Insurance Committee Item 8 February 12, 2018

SLIDE 2

Finance & Insurance Committee Item 8 Slide 2 February 12, 2018

Overview Proposed Biennial Budget Operating Budget Ten-Year Financial Forecast Next Steps

SLIDE 3

Finance & Insurance Committee Item 8 Slide 3 February 12, 2018

SLIDE 4

Finance & Insurance Committee Item 8 Slide 4 February 12, 2018

Support General Manager’s Strategic Priorities Adopt a two-year budget, covering fiscal years 2018/19 and 2019/20 Adopt rates and charges for calendar years 2019 and 2020 Update ten-year forecast (Ten-Year Financial Forecast), including the biennial period

SLIDE 5

Finance & Insurance Committee Item 8 Slide 5 February 12, 2018

Maintain AAA/AA+/Aa1 ratings Achieve/Maintain coverage ratios

Debt service coverage = 2.0
Fixed charge coverage = 1.2

PAYGO funding

60 percent per year
Integral to maintaining coverage targets
Provides financial flexibility

SLIDE 6

Finance & Insurance Committee Item 8 Slide 6 February 12, 2018

7.5% 7.5% 5.0% 5.0% 1.5% 1.5% 4.0% 4.0% 3.0% 3.0%

0% 5% 10% 15% 20% Average Rate Increase Calendar Year

SLIDE 7

Finance & Insurance Committee Item 8 Slide 7 February 12, 2018

Fiscal Year Ending 2019 2020 Overall increase January 2019 & 2020 3.0% 3.0% Water Transactions* 1.65 MAF 1.75 MAF State Water Project Allocation 50% 50% Colorado River Aqueduct Diversions 0.84 MAF 0.92 MAF CIP Expenditures $200 M $200 M PAYGO $120 M $120 M

* Includes water sales, exchanges and wheeling.

SLIDE 8

Finance & Insurance Committee Item 8 Slide 8 February 12, 2018

SLIDE 9

Finance & Insurance Committee Item 8 Slide 9 February 12, 2018

100 200 300 400 500 600 700 2017 2018 2019 2020 Million Dollars Fiscal Year Ending Unrestricted Reserve* Target Reserve Minimum Reserve

Overall Rate Inc. 4.0% 4.0% 3.0% 3.0% Water Transactions (MAF)** 1.54 1.55 1.65 1.75

Rev. Bond Cvg

1.6 1.5 1.6 1.9 Fixed Chg Cvg 1.4 1.4 1.5 1.7 PAYGO, $M 132 108 120 120

* Revenue Remainder and Water Rate Stabilization Fund ** Includes water sales, exchanges and wheeling.

SLIDE 10

Finance & Insurance Committee Item 8 Slide 10 February 12, 2018

Rate Type 2018 Approved 2019 Proposed % Increase (Decrease) 2020 Proposed % Increase (Decrease) Full Service Untreated Volumetric Cost ($/AF) Tier 1 $695 $731 5.2% $755 3.3% Tier 2 $781 $817 4.6% $842 3.1% Full Service Treated Volumetric Cost ($/AF) Tier 1 $1,015 $1,050 3.4% $1,078 2.7% Tier 2 $1,101 $1,136 3.2% $1,165 2.6% RTS Charge ($M) $140 $133 (5.0%) $136 2.3% Capacity Charge ($M) $37 $31 (15.7%) $32 2.3% Rates and Charges Effective January 1st Full Service Cost means the Full Service Rate, consisting of the following rate components: the applicable Supply Rate, the System Access Rate, the System Power Rate, the Water Stewardship Rate, and if applicable the Treatment Surcharge for treated water service.

SLIDE 11

Finance & Insurance Committee Item 8 Slide 11 February 12, 2018

$0.0 $0.2 $0.4 $0.6 $0.8 $1.0 $1.2 $1.4 $1.6 $1.8 $2.0 2017/18 Budget 2018/19 Budget 2019/20 Budget Billion Dollars Other CC RTS Taxes Water Revenues*

* Includes water sales, exchanges and wheeling

SLIDE 12

Finance & Insurance Committee Item 8 Slide 12 February 12, 2018

2.11 2.35 2.26 2.16 1.77 1.60 1.70 1.86 2.06 1.91 1.63 1.54 0.0 0.5 1.0 1.5 2.0 2.5 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Million Acre-Feet Fiscal Year Ending Actual Water Transactions* Long Term Average Projection

* Includes water sales, exchanges and wheeling

SLIDE 13

Finance & Insurance Committee Item 8 Slide 13 February 12, 2018

$0.0 $0.2 $0.4 $0.6 $0.8 $1.0 $1.2 $1.4 $1.6 $1.8 $2.0 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Billion Dollars Demand Management Supply Programs Colorado River Power O&M State Water Contract Capital Financing

SLIDE 14

Finance & Insurance Committee Item 8 Slide 14 February 12, 2018

$0 $100 $200 $300 $400 $500 $600 $700 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars CA WaterFix Power Minimum OMP&R Capital Charges

SLIDE 15

Finance & Insurance Committee Item 8 Slide 15 February 12, 2018

39 27 25 62 89 93 $0 $20 $40 $60 $80 $100 $120 $140 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars Tax collected to fund SWC costs Tax collected for GO and Burns Porter bonds

SLIDE 16

Finance & Insurance Committee Item 8 Slide 16 February 12, 2018

54 46 53 $0 $10 $20 $30 $40 $50 $60 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars

SLIDE 17

Finance & Insurance Committee Item 8 Slide 17 February 12, 2018

32 43 43 42 44 41 2 2 2 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars Future Supply Actions Local Resources Program Conservation Credits Program

SLIDE 18

Finance & Insurance Committee Item 8 Slide 18 February 12, 2018

82 61 54 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars

SLIDE 19

Finance & Insurance Committee Item 8 Slide 19 February 12, 2018

120 120 120 80 80 80 $0 $50 $100 $150 $200 $250 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars Bonds PAYGO

SLIDE 20

Finance & Insurance Committee Item 8 Slide 20 February 12, 2018

19 14 14 330 323 322 $0 $50 $100 $150 $200 $250 $300 $350 $400 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars Revenue Bond MWD GO Bond

SLIDE 21

Finance & Insurance Committee Item 8 Slide 21 February 12, 2018

SLIDE 22

Finance & Insurance Committee Item 8 Slide 22 February 12, 2018

1. Enhance Infrastructure Safety, Security and Resiliency
2. Prepare for More Extreme Hydrology
3. Ensure Imported Supply Reliability
4. Maximize Local Resources
5. Promote Environmental Stewardship and Sustainability
6. Foster Leadership and Strengthen Workforce Capabilities
7. Maintain Sound Business Practices and Fiscal Integrity

SLIDE 23

Finance & Insurance Committee Item 8 Slide 23 February 12, 2018

$464 M 27% $599 M 35% $420 M 25% $54 M $82 M $76 M

FY 2017/18 - $1.695 B

Capital Financing State Water Contract O&M Colorado River Power Supply Programs Demand Management $452 M 27% $567 M 34% $478 M 28% $46 M $61 M $89 M

FY 2018/19 - $1.692 B

SLIDE 24

Finance & Insurance Committee Item 8 Slide 24 February 12, 2018

$452 M 27% $567 M 34% $478 M 28% $46 M $61 M $89 M

FY 2018/19 - $1.692 B

Capital Financing State Water Contract O&M Colorado River Power Supply Programs Demand Management $451 M 26% $603 M 35% $496 M 29% $53 M $54 M $86 M

FY 2019/20 - $1.743 B

SLIDE 25

Finance & Insurance Committee Item 8 Slide 25 February 12, 2018

SLIDE 26

Finance & Insurance Committee Item 8 Slide 26 February 12, 2018

$273 M $304 M $323 M $112 M $128 M $139 M $39 M $51 M $53 M

$0 $100 $200 $300 $400 $500 $600 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars

Operating Equipment Other O&M Outside Services Treatment (Chemicals, Solids, Power) Materials & Supplies Benefits Salaries

$420 M $478 M $496 M

SLIDE 27

Finance & Insurance Committee Item 8 Slide 27 February 12, 2018

$31 M 53% $4 M 6% $1 M 1% $12 M 21% $9 M 15% $2 M 4% Salaries & Benefits Materials & Supplies Treatment (Chemicals, Solids, Power) Outside Services Other O&M Operating Equipment

% of total increase of $58 M

SLIDE 28

Finance & Insurance Committee Item 8 Slide 28 February 12, 2018

Millions of Dollars 2017/18 Budget 2018/19 Proposed 2019/20 Proposed 2018/19 Proposed vs 2017/18 Budget % change 2019/20 Proposed vs 2018/19 Proposed % change Salaries & Benefits 273.1 303.7 322.6 30.6 11.2% 18.9 6.2% Chemicals, Solids and Power 26.3 27.1 27.7 0.8 3.0% 0.6 2.3% Professional Services 17.0 23.2 23.1 6.2 36.8% (0.1) (0.3%) Non Professional Services /Security & R&M 22.0 27.7 29.9 5.7 25.7% 2.2 7.9% Materials & Supplies 23.7 27.4 27.3 3.7 15.5% (0.1) (0.5%) Insurance/Premiums 12.8 12.8 12.8 (0.0) (0.2%) 0.0 0.1% Utilities 7.5 8.3 8.4 0.8 11.3% 0.1 0.7% Memberships & Subscriptions 7.3 8.0 8.2 0.7 9.6% 0.1 1.6% Taxes & Permits 6.5 9.4 7.7 2.9 45.4% (1.7) (18.5%) Travel & Training 5.1 5.8 5.7 0.7 13.5% (0.1) (1.1%) Communications 3.5 4.1 4.1 0.6 15.8% 0.0 0.0% Other 8.5 11.5 11.9 2.9 34.4% 0.5 4.2% Operating equipment 6.4 8.5 7.0 2.1 32.6% (1.6) (18.4%) Total O&M $419.8 $477.5 $496.4 $57.7 13.8% $18.9 3.9%

SLIDE 29

Finance & Insurance Committee Item 8 Slide 29 February 12, 2018

$18.7 M 61% $7.3 M 24% $4.3 M 14% $0.3 M 1%

% of total increase of $30.6 M from FY 2017/18

COLA related salary & benefits Benefits cost increase New & refunded positions Other

SLIDE 30

Finance & Insurance Committee Item 8 Slide 30 February 12, 2018

$12.5 M 66% $5.9 M 31% $1.1 M 6%

$0.6 M
3%

% of total increase of $18.9 M from FY 2018/19

COLA related salary & benefits Benefits cost increase New & refunded positions Other

SLIDE 31

Finance & Insurance Committee Item 8 Slide 31 February 12, 2018

$10.9 M 42% $6.4 M 25% $2.5 M 10% $1.9 M 7% $1.7 M 7% $1.4 M 5% $1.2 M 4%

Infrastructure Reliability & Seismic Resilience Bay Delta Regional Recycled Water Program Environmental Planning & Remediation Enhanced Security & Land Management Efforts Employee Development / Succession Planning California WaterFix

$26.0 M or 34% of total increase of $77 M

SLIDE 32

Finance & Insurance Committee Item 8 Slide 32 February 12, 2018

2015/16 2016/17 2017/18 2018/19 2019/20 Regular

1,885 1,886 1,886 1,900 1,905

Temporary

20 26 24 27 27

Authorized Positions

1,905 1,912 1,910 1,927 1,932

Vacancy rate

(56) (72) (69) (65) (64)

Total Funded Positions

1,849 1,840 1,841 1,862 1,868

SLIDE 33

Finance & Insurance Committee Item 8 Slide 33 February 12, 2018

4.0 FTEs 4.0 FTEs 3.0 FTEs 3.0 FTEs 1.0 FTE 1.0 FTE 1.0 FTE 1.0 FTE 1.0 FTE

Increase of 19 regular FTEs from FY 2017/18 Budget

Increased Recruitment & Succession planning efforts Business Technology support Enhanced Security & Land Management efforts Environmental Planning Board support SWP and CRA programs support Bay Delta Initiatives support HQ seismic & DVL maintenance efforts Outreach efforts

SLIDE 34

Finance & Insurance Committee Item 8 Slide 34 February 12, 2018

General Manager Legal Audit Ethics

SLIDE 35

Finance & Insurance Committee Item 8 Slide 35 February 12, 2018

SLIDE 36

Finance & Insurance Committee Item 8 Slide 36 February 12, 2018

$173 M $188 M $197 M $107 M $122 M $133 M $0 $100 $200 $300 $400 $500 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars

Other Materials & Supplies Non Professional Services/Security Professional Services Benefits Salaries

$389 M $444 M $464 M

SLIDE 37

Finance & Insurance Committee Item 8 Slide 37 February 12, 2018

$18 M $219 M $24 M $33 M $22 M $38 M $26 M $12 M $25 M $28 M

FY 2018/19 - $444 M

Office of the General Manager Water System Operations Water Resource Management Engineering Services Office of Chief Administrative Officer Information Technology Real Property Human Resources Office of the Chief Financial Officer External Affairs $17 M $229 M $25 M $34 M $21 M $43 M $28 M $13 M $25 M $28 M

FY 2019/20 - $464 M

SLIDE 38

Finance & Insurance Committee Item 8 Slide 38 February 12, 2018

$173 M $107 M $13 M $22 M $24 M $51 M

FY 2017/18 - $389 M

Salaries Benefits Professional Services Non Professional Services/Security Materials & Supplies Other

* Authorized Positions

$188 M $122 M $20 M $28 M $27 M $59 M

FY 2018/19 - $444 M

1,872 FTEs * 1,855 FTEs *

SLIDE 39

Finance & Insurance Committee Item 8 Slide 39 February 12, 2018

$188 M $122 M $20 M $28 M $27 M $59 M

FY 2018/19 - $444 M

Salaries Benefits Professional Services Non Professional Services/Security Materials & Supplies Other

* Authorized Positions

$197 M $133 M $19 M $30 M $27 M $58 M

FY 2019/20 - $464 M

1,877 FTEs * 1,872 FTEs *

SLIDE 40

Finance & Insurance Committee Item 8 Slide 40 February 12, 2018

SLIDE 41

Finance & Insurance Committee Item 8 Slide 41 February 12, 2018

$6.0 M $6.5 M $6.7 M $3.8 M $4.3 M $4.6 M $3.6 M $3.0 M $3.5 M $0 $2 $4 $6 $8 $10 $12 $14 $16 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars

Salaries Benefits Professional Services Other

$13.8 M $14.2 M $15.2 M

SLIDE 42

Finance & Insurance Committee Item 8 Slide 42 February 12, 2018

$6.0 M $3.8 M $3.6 M $0.4 M

FY 2017/18 - $13.8 M

Salaries Benefits Professional Services Other

* Authorized Positions

$6.5 M $4.3 M $3.0 M $0.4 M

FY 2018/19 - $14.2 M

38 FTEs * 38 FTEs *

SLIDE 43

Finance & Insurance Committee Item 8 Slide 43 February 12, 2018

$6.5 M $4.3 M $3.0 M $0.4 M

FY 2018/19 - $14.2 M

Salaries Benefits Professional Services Other

$6.7 M $4.6 M $3.5 M $0.4 M

FY 2017/18 - $15.2 M

38 FTEs * 38 FTEs *

* Authorized Positions

SLIDE 44

Finance & Insurance Committee Item 8 Slide 44 February 12, 2018

SLIDE 45

Finance & Insurance Committee Item 8 Slide 45 February 12, 2018

$1.7 M $1.9 M $1.9 M $1.1 M $1.2 M $1.3 M $0.4 M $0.5 M $0.5 M $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars

Salaries Benefits Professional Services Other

$3.1 M $3.6 M $3.9 M

SLIDE 46

Finance & Insurance Committee Item 8 Slide 46 February 12, 2018

$1.66 M $1.06 M $0.35 M $0.07 M

FY 2017/18- $3.1 M

Salaries Benefits Professional Services Other

* Authorized Positions

$1.86 M $1.24 M $0.45 M $0.07 M

FY 2018/19 - $3.6 M

12 FTES * 12 FTES *

SLIDE 47

Finance & Insurance Committee Item 8 Slide 47 February 12, 2018

$1.86 M $1.24 M $0.45 M $0.07 M

FY 2018/19- $3.6 M

Salaries Benefits Professional Services Other

* Authorized Positions

$1.93 M $1.35 M $0.50 M $0.07 M

FY 2018/19 - $3.9M

12 FTES * 12 FTES *

SLIDE 48

Finance & Insurance Committee Item 8 Slide 48 February 12, 2018

SLIDE 49

Finance & Insurance Committee Item 8 Slide 49 February 12, 2018

$0.8 M $0.7 M $0.8 M $0.5 M $0.5 M $0.5 M $0.1 M $0.1 M $0.1 M $0.0 $0.2 $0.4 $0.6 $0.8 $1.0 $1.2 $1.4 $1.6 2017/18 Budget 2018/19 Proposed 2019/20 Proposed Million Dollars

Salaries Benefits Professional Services Other

$1.4 M $1.4 M $1.4 M

SLIDE 50

Finance & Insurance Committee Item 8 Slide 50 February 12, 2018

$0.75 M $0.48 M $0.09 M $0.06 M

FY 2017/18- $1.4M

Salaries Benefits Professional Services Other

* Authorized Positions

$0.75 M $0.50 M $0.09 M $0.06 M

FY 2018/19 - $1.4M

5 FTES * 5 FTES *

SLIDE 51

Finance & Insurance Committee Item 8 Slide 51 February 12, 2018

$0.75 M $0.50 M $0.09 M $0.06 M

FY 2018/19 - $1.4M

Salaries Benefits Professional Services Other

$0.77 M $0.53 M $0.09 M $0.06 M

FY 2019/20 - $1.4M

5 FTES * 5 FTES *

* Authorized Positions

SLIDE 52

Finance & Insurance Committee Item 8 Slide 52 February 12, 2018

SLIDE 53

Finance & Insurance Committee Item 8 Slide 53 February 12, 2018

100 200 300 400 500 600 700 800 900 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending Unrestricted Reserve* Target Reserve Minimum Reserve

* Revenue Remainder and Water Rate Stabilization Fund Includes water sales, exchanges and wheeling Overall Rate Inc. 4.0% 4.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Water Transactions (MAF) 1.54 1.55 1.65 1.75 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8

Rev. Bond Cvg

1.6 1.5 1.6 1.9 2.1 2.1 2.1 2.1 2.2 2.1 2.2 2.2 Fixed Chg Cvg 1.4 1.4 1.5 1.7 1.9 1.8 1.7 1.6 1.6 1.5 1.4 1.3 PAYGO, $M 132 108 120 120 150 150 150 154 158 162 167 171

SLIDE 54

Finance & Insurance Committee Item 8 Slide 54 February 12, 2018

2.11 2.35 2.26 2.16 1.77 1.60 1.70 1.86 2.06 1.91 1.63 1.54

0.0 0.5 1.0 1.5 2.0 2.5 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Acre-Feet Fiscal Year Ending Actual Water Transactions* Long Term Average Projection

* Includes water sales, exchanges and wheeling

SLIDE 55

Finance & Insurance Committee Item 8 Slide 55 February 12, 2018

695 731 755 781 807 836 860 889 916 945 974 320 319 323 323 323 323 323 323 323 323 323

1,015 1,050 1,078 1,104 1,130 1,159 1,183 1,212 1,239 1,268 1,297

$0 $200 $400 $600 $800 $1,000 $1,200 $1,400 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Dollars per AF Calendar Year Treatment Surcharge Full Service Untreated Tier 1

SLIDE 56

Finance & Insurance Committee Item 8 Slide 56 February 12, 2018

$0.0 $0.5 $1.0 $1.5 $2.0 $2.5 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Billion Dollars Fiscal Year Ending Other Capacity Charge Readiness-to- Serve Taxes Water Revenues

SLIDE 57

Finance & Insurance Committee Item 8 Slide 57 February 12, 2018

$0.0 $0.5 $1.0 $1.5 $2.0 $2.5 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Billion Dollars Fiscal Year Ending CRA Power Demand Management Supply Programs O&M State Water Contract Capital Financing

SLIDE 58

Finance & Insurance Committee Item 8 Slide 58 February 12, 2018

4 13 25 42 66 97 128 159 193 230 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending Power Water Fix Costs Remaining Fixed Costs

SLIDE 59

Finance & Insurance Committee Item 8 Slide 59 February 12, 2018

43 43 43 43 43 43 43 43 43 43 44 41 48 48 48 48 48 48 48 48 2 2 2 2 2 2 2 2 2 2 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending Future Supply Actions Local Resources Program Conservation Credits Program

SLIDE 60

Finance & Insurance Committee Item 8 Slide 60 February 12, 2018

120 120 150 150 150 154 158 162 167 171 80 80 100 100 100 103 106 109 111 115 $0 $50 $100 $150 $200 $250 $300 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending Bonds PAYGO

SLIDE 61

Finance & Insurance Committee Item 8 Slide 61 February 12, 2018

$0 $1 $2 $3 $4 $5 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Billion Dollars Fiscal Year Ending General Obligation Bonds Fixed Rate Revenue Bonds Synthetic Fixed Rate Revenue Bonds Unhedged Variable Rate Revenue Bonds

SLIDE 62

Finance & Insurance Committee Item 8 Slide 62 February 12, 2018

$0 $50 $100 $150 $200 $250 $300 $350 $400 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending Revenue Bond MWD GO Bonds

SLIDE 63

Finance & Insurance Committee Item 8 Slide 63 February 12, 2018

SLIDE 64

Finance & Insurance Committee Item 8 Slide 64 February 12, 2018

0.0 0.5 1.0 1.5 2.0 2.5 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Billion Dollars Fiscal Year Ending

FY2017 & FY2018 Budget FY2019 & FY2020 Proposed

SLIDE 65

Finance & Insurance Committee Item 8 Slide 65 February 12, 2018

200 400 600 800 1,000 1,200 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending

FY2017 & FY2018 Budget FY2019 & FY2020 Proposed

SLIDE 66

Finance & Insurance Committee Item 8 Slide 66 February 12, 2018

100 200 300 400 500 600 700 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending

FY2017 & FY2018 Budget FY2019 & FY2020 Proposed

SLIDE 67

Finance & Insurance Committee Item 8 Slide 67 February 12, 2018

10 20 30 40 50 60 70 80 90 100 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending

FY2017 & FY2018 Budget FY2019 & FY2020 Proposed

SLIDE 68

Finance & Insurance Committee Item 8 Slide 68 February 12, 2018

100 200 300 400 500 600 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending

FY2017 & FY2018 Budget FY2019 & FY2020 Proposed

SLIDE 69

Finance & Insurance Committee Item 8 Slide 69 February 12, 2018

10 20 30 40 50 60 70 80 90 100 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending

FY2017 & FY2018 Budget FY2019 & FY2020 Proposed

SLIDE 70

Finance & Insurance Committee Item 8 Slide 70 February 12, 2018

10 20 30 40 50 60 70 80 90 100 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Million Dollars Fiscal Year Ending

FY2017 & FY2018 Budget FY2019 & FY2020 Proposed

SLIDE 71

Finance & Insurance Committee Item 8 Slide 71 February 12, 2018

February 27, 2018 F&I Committee, Workshop #2: Cost of Service, proposed rates and charges, follow up March 12, 2018 F&I Committee, Workshop #3: CIP, Financial Policies, follow up March 13, 2018 Public Hearings on proposed water rates and charges and continuing suspension of the AV tax limitation March 27, 2018 F&I Committee, Workshop #4: if needed April 9, 2018 F&I Committee: Recommend Biennial Budget, Calendar Year rates and charges, and Ten-Year Financial Forecast; Workshop #5, if needed April 10, 2018 Board Actions regarding Biennial Budget, Calendar Year rates and charges, and Ten-Year Financial Forecast

SLIDE 72

Finance & Insurance Committee Item 8 Slide 72 February 12, 2018