SLIDE 1
AGENDA
Resource consent requirements
Spillway adjustments Level Monitoring Management Plans
Scheme finances
Current situation Rating scenarios with and without pump
WDC/Ratepayer Meeting 30 March 2011 AGENDA Resource consent - - PowerPoint PPT Presentation
WDC/Ratepayer Meeting 30 March 2011 AGENDA Resource consent - - PowerPoint PPT Presentation
WDC/Ratepayer Meeting 30 March 2011 AGENDA Resource consent requirements Spillway adjustments Level Monitoring Management Plans Scheme finances Current situation Rating scenarios with and without pump upgrades AGENDA
SLIDE 2
SLIDE 3
AGENDA
Operations feedback January Storms Farmers access to pump stations Queries on the Scheme- summary Any other business
SLIDE 4
Resource Consent Requirements
Consent requirements relevant to current and
proposed work:
Spillway adjustments to levels & lengths agreed
in consent
Restoration and maintenance of stopbank levels Monitoring of spill events to provide data for
- ngoing adjustment of the scheme
SLIDE 5
Spillway & Stopbank Adjustments
Ngararatunua 3weeks of work Volumes larger than expected Junction complete Remainder of spillways 4 weeks work
SLIDE 6
Spillway & Stopbank Adjustments
Stopbanks not being undertaken this earthworks
season due to inclement weather and increased volumes as discussed above
Undertake separate contract or complete as variation? McKenzie Contracting 24% cheaper than next tender Scheme Management Plan has been altered to reflect
completion dates and has been approved by NRC
SLIDE 7
Level Sensors
17 level sensors – 2 on short spillways and 3
- n long
Limited suppliers due to shallow depths &
accuracy required
McKay electrical best pricing at $145, 000
Other costs:
23K for mounting fabrication 35,700 for pad installation and mountings
SLIDE 8
Resource consent costs
Capital Budget this year $828,000 Estimated Contract value to date $481,000 Includes level sensor mounting pads Note: Measure and value contract so subject to final measure Engineering & survey fees (estimate) $20,000 Level Sensors & mounts $168,000 Estimated expenditure to year end $669,000 Estimated carryover $159,000 Draft annual plan capital (used for forecast purposes) $500,000 Estimate to undertake stopbank adjustments $380,000
SLIDE 9
Management Plan
Next consent deadlines:
May 2011 – Floodway Riparian Management
Plan
May 2012
Complete Scheme Management Plan Oxbow /cut-off Management Plan Fisheries Management Plan
SLIDE 10
Scheme Finances
Estimated debt level after works $2.6M 3 Scenarios investigated to return scheme to black
1.
No pump upgrades, zero debt by 2023
2.
Pump upgrades as specified earlier (4 rounds, last in 2022)
3.
Pump upgrades over longer timeframe (7 rounds, complete 2034)
SLIDE 11
Scheme Finances
1.
Debt repayment by 2023 12.0% p.a. cumulative
2.
Pump replacement as proposed 15.5% p.a cumulative
3.
Pump replacement over 22 years 6.1% p.a cumulative Details for Option 1 available at door Opportunities for cost reduction in operations?
SLIDE 12
SLIDE 13
SLIDE 14
SLIDE 15
January Storms
Some issues around first storm (22/1)
Insufficient contact information Lack of preparation regarding weed removal Generally steep learning curve for contractors
29/1 Storm
Approx 80 year return period (NRC) Cuts in banks made, need for policy/procedure if this is
to continue . Estimated power savings $4600/day
Feedback?
SLIDE 16
Operations & Maintenance
Access to stations
To comply with OSH need to run induction
courses and get sign off from those farmers wishing to enter pump stations
WDC will arrange and advise in next couple of
months
SLIDE 17
Operations & Maintenance
Maintenance programme
Electrical audit completed Works programme copies on table
Queries on scheme
18 logged queries since last meeting Largely relating to financial and operational
issues
SLIDE 18
Hikurangi Swamp - Projected Financials to complete Capital Works Projects from 2010 to 2023 Scenario 1 - Change rates increase to come into positive equity
- !
" # $ %
- &'(
&'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'(
- )*+,-
4.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%
- 398,000
437,800 490,336 549,176 615,077 688,887 771,553 864,140 967,836 1,083,977 1,214,054 1,359,740 1,522,909
- !
""
- "
.+./)*+, 0## "$0 !#0$ !"#0" ""0#" "%0## #"!0$$# $ $0!! % $0$ 0!0!" 0"$0"## 0%$0#! 0 0 0""0#% 12)3.45- 678,9
- #$%
"
110,000 113,300 116,699 120,200 123,806 127,520 131,346 135,286 139,345 143,525 147,831 152,266 156,834
- 35,258
36,316 37,405 38,527 39,683 40,874 42,100 43,363 44,664 46,004 47,384 48,805 50,269
- 5,500
5,665 5,835 6,010 6,190 6,376 6,567 6,764 6,967 7,176 7,392 7,613 7,842
- &&
"
35,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
- &! ''&()
- *!&&$+$
"
20,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
- #$'&$!'
"
75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000
" #),&$-&
- 250,000
250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000
&!
- &!!$
- 500
500 500 500 500 500 500 500 500 500 500 500 500
678,9 !%0!" !0!$ !"0#$ !0 % !"0# !0#% !"0# !0! !"0% ! 0 #" ! $0! !! 0" !"0$ !""0 ! 67833 ,)&
- 12,000
12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000
- &+!&
"
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
"" &! ''&()
- &!!$
- 67833
0!" 678+: 0! $
44,000 44,000 45,000 45,000 45,000 46,000 46,000 46,000 47,000 47,000 47,000 48,000 48,000
.+./12)3.45 !% 0"# !%#0!$ !#0#$ !#$0 % !$0# !$$0#% !% 0# !%%0! " 0% "0 #" "#0! "0" "0$ ""0 ! #!&&$!+)&!()&%!)$.
- 500,000
).+25.);452/4<&3*.( &!0$%%( &%!#0!$( &!" 0%$( &0( 0%% 0$%$ #0"# %0 0%" 0" !!0 # "#!0" $ $ 0!" %#%0"
=
>
- !
" # $ %
- &'(
&'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( )&/! 01 01 0""1 0"1 01 0"1 01 0""1 0"1 0"1 01 0"1 01 01 2 )&,)!304'&&1 0""1 0"1 0"1 01 "" "
- "
"
- ""
/! 0"1 0"1 01 0"1 0"1 01 01 0"1 01 01 0"1 01 01 " *+)&!*$) *+$&5&$$%&(6) /! 0"1 0"1 01 0"1 0"1 01 01 0"1 01 01 0"1 01 01 " 6'&'$ $$''2 )&4'&&
62,667
*3#!6!6))$)& $ 01
1
+'$7&5!'$#8 "
- 60,034
- 117,312
- 158,249
- 168,411
- 175,939
- 180,261
- 180,780
- 176,684
- 166,650
- 150,185
- 126,108
- 93,135
- 49,868
0&$'&'$"1 *= &00!#( &0%!!0%#( &0"#0 $%( &0$"0$ ( &0%0( &0 0! ( &00%%$( &0% 0#$( &0###0 %"( &0!0$!( &00#%$( &0!!0!$( &$0#( %$0" 9$'7&5!
- "
- ""
- "
" "
- Income:
Rates are expressed at a flat increase over the period that returns equity to a neutral position Other Rentals - Berm Land leases every 5 years these are reviewed - assumed 10% every review (i.e. 2% pa) Expenses: Power charge assumed $110000 average with CPI adj of 3% Rates will increase at 3% per annum Insurances - yearly charge with cpi adj 3% Engineering fees will remain at 2012 levels. Professional fees will remain at 2012 levels. Interest Charged on Equity balance of 6% per annum
SLIDE 19
Hikurangi Swamp - Projected Financials to complete Capital Works Projects from 2010 to 2023 Scenario 2 - Change rates increase to come into positive equity with pump upgrades
- !
" # $ %
- &'(
&'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'(
- )*+,-
4.00% 15.50% 15.50% 15.50% 15.50% 15.50% 15.50% 15.50% 15.50% 15.50% 15.50% 15.50%
- 398,000
437,800 505,659 584,036 674,562 779,119 899,882 1,039,364 1,200,465 1,386,538 1,601,451 1,849,676 2,136,375
- !
""
- "
.+./)*+, 0## "$0 !#0$ !$0"!% ""0" #!0!" $!"0% %#"0$$ 0 0" 0$!0"! 0 #0$ 0"$"0! 0% 0#" 0%0! ! 12)3.45- 678,9
- #$%
"
110,000 113,300 116,699 120,200 123,806 127,520 131,346 135,286 139,345 143,525 147,831 152,266 156,834
- 35,258
36,316 37,405 38,527 39,683 40,874 42,100 43,363 44,664 46,004 47,384 48,805 50,269
- 5,500
5,665 5,835 6,010 6,190 6,376 6,567 6,764 6,967 7,176 7,392 7,613 7,842
- &&
"
35,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
- &! ''&()
- *!&&$+$
"
20,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
- #$'&$!'
"
75,000 75,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000
" #),&$-&
- 250,000
250,000 225,000 225,000 200,000 200,000 200,000 200,000 175,000 175,000 175,000 175,000 150,000
&!
- &!!$
- 500
500 500 500 500 500 500 500 500 500 500 500 500
678,9 !%0!" !0!$ !"0#$ !0 % !"0# "0#% 0# "0! !0% 0 #" $0! 0" !0$ 0 ! 67833 ,)&
- 12,000
12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000
- &+!&
"
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
"" &! ''&()
- &!!$
- 67833
0!" 678+: 0! $
44,000 44,000 45,000 45,000 45,000 46,000 46,000 46,000 47,000 47,000 47,000 48,000 48,000
.+./12)3.45 !% 0"# !%#0!$ !#0#$ !$0 % !0# !0#% !%0# ! 0! !%0% !0 #" !#0! !0" !0$ !0 ! #!&&$!+)&!()&%!)$.
- 1,328,000
828,000
"
- ).+25.);452/4<&3*.(
&!0$%%( &%!#0!$( &0%0%$( " 0 &"%0( $0$ "0$ % "0"% &0$ %( #$0"% %" 0 0#0 ! 0#0% 0#$0
=
>
- !
" # $ %
- &'(
&'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( &'( )&/! 01 01 0""1 0"1 0"""1 0"1 01 0""1 0""1 01 0"1 0"1 01 01 2 )&,)!304'&&1 0""1 0"1 0""1
- 0"1
- "
" 0"1 " "
- "
- /!
0"1 0"1 01 0"1 0""1 0"1 0"1 01 01 01 0"1 01 01
- *+)&!*$)
*+$&5&$$%&(6) /! 0"1 0"1 01 0"1 0""1 0"1 0"1 01 01 01 0"1 01 01
- 6'&'$
$$''2 )&4'&&
62,667
*3#!6!6))$)& $ 01
1
+'$7&5!'$#8 "
- 60,034
- 117,312
- 207,929
- 216,552
- 270,957
- 272,312
- 267,839
- 256,168
- 290,189
- 260,578
- 218,371
- 161,091
- 94,545
0&$'&'$"1 *= &00!#( &0%!!0%#( &0 "!0 $%( &0"%0%%( & 0!!0%!( & 0!$0!#( & 0 "0%$%( & 0"%0 !%( & 0$"0 #"( & 0 0%#!( &0"%0!( &0"$ 0$ #( &0!#!0# "( !#0$ 9$'7&5!
- ""
- "
- "
- ""
- "
" "
- Income:
Rates are expressed at a flat increase over the period that returns equity to a neutral position Other Rentals - Berm Land leases every 5 years these are reviewed - assumed 10% every review (i.e. 2% pa) Expenses: Power charge assumed $110000 average with CPI adj of 3% Rates will increase at 3% per annum Insurances - yearly charge with cpi adj 3% Engineering fees will remain at 2012 levels. Professional fees will remain at 2012 levels. Interest Charged on Equity balance of 6% per annum
SLIDE 20
Hikurangi Swamp - Scenario 3 Projected Financials to complete Capital Works Projects from 2010 to 2034 equals annual rates increase of 5.8%
- !
- !
- !
- )*+,-
- 398,000
- !
- "
- .+./)*+,
- #$%
- 35,258
- 5,500
- &&
- &! ''&()
- *!&&$+$
- #$'&$!'
- 250,000
- &!!$
- 500
- 12,000
- &+!&
- &!!$
- 67833
- 901,000
- ).+25.);452/4<&3*.(
=
>- !
- !
- !
- ""
- 0"1
- "
- "
- /!
- *+)&!*$)
- 6'&'$
- 60,034
- 117,312
- 181,642
- 192,677
- 228,674
- 238,303
- 247,065
- 254,747
- 284,776
- 289,278
- 292,102
- 293,016
- 317,449
- 313,356
- 306,499
- 296,546
- 307,195
- 289,875
- 267,711
- 240,757
- 239,344
- 203,083
- 160,470
- 110,240
- 60,902
- "
- "
- ""
- "
- "
- ?