HomeMy Public PortalAbout054-2022 - MEMORICHMOND SANITARY DISTRICT
2022 RATE ANALYSIS
NOVEMBER 7, 2022
RICHMOND SANITARY DISTRICT
TABLE OF CONTENTS
ACCOUNTANT'S COMPILATION REPORT
PRO FORMA FINANCIAL INFORMATION
Page
2 Schedule of Pro Forma Revenue Requirements
3 Schedule of Current and Proposed Wastewater Rates and Charges
4 - 5 Schedule of Pro Forma Cash Operation and Maintenance Expenses
6 Capital Improvements Plan
HISTORICAL FINANCIAL INFORMATION
7 Comparative Statements of Selected Financial Information Arising From Cash Transactions
8 Comparative Statements of Receipts and Disbursements
SUPPLEMENTARY INFORMATION
9 -10 Detail of Operation and Maintenance Disbursements
11 Comparison of Account Balances with Minimum Reserves Required
12 Schedule of Amortization of $817,000 Outstanding Sanitary District Bonds of 2009, Series A
13 Schedule of Amortization of $9,525,000 Outstanding Sanitary District Bonds of 2012, Series A
14 Schedule of Amortization of $521,760 Outstanding Sanitary District Bonds of 2012, Series B
15 Schedule of Amortization of $3,905,000 Outstanding Sanitary District Bonds of 2015, Series B
16 Schedule of Amortization of $10,120,000 Outstanding Sanitary District Bonds of 2017, Series B
17 Schedule of Amortization of $5,460,000 Outstanding Sanitary District Refunding Bonds of 2019
18 Schedule of Amortization of $16,125,000 Outstanding Sanitary District Bonds of 2019, Series C
19 Schedule of Amortization of $6,455,000 Outstanding Sanitary District Bonds of 2021, Series D
20 Schedule of Combined Debt Service
ACCOUNTANT’S COMPILATION REPORT
Members of the Sanitary Board November 7, 2022
Richmond Sanitary District
238 Liberty Avenue
Richmond, IN 47374
In connection with the proposed rate adjustments in the Richmond Sanitary District’s schedule of rates and charges, we
have at your request, compiled this rate study report. The purpose of this report is to consider a new schedule of sanitary
sewer rates and charges and should not be used for any other purpose.
The pro forma financial information, which is based on the results of operations for the twelve months ended December 31,
2021, is prepared for the purpose of showing the estimated financial effects on the Richmond Sanitary District’s revenue
requirements for an adjustment in rates and charges for service and other changes that may be reasonably fixed, known or
measured. We have not audited or reviewed the accompanying pro forma information and, accordingly, do not express an
opinion or provide any form of assurance on the pro forma information. This report was compiled by us, with assumptions
provided by management or obtained from other sources. The actual results achieved may vary from the pro forma
information and the variations may be material. We have no responsibility to update this report for events or circumstances
occurring after the date of this report.
Management is responsible for the accompanying financial statements which comprise the statements of selected financial
information arising from cash transactions as of December 31, 2021, 2020 and 2019, and the related statements of cash
receipts and disbursements for the years then ended in accordance with the cash basis of accounting, and for determining
that the cash basis of accounting is an acceptable financial reporting framework. We have performed a compilation
engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the
Accounting and Review Services Committee of the AICPA. We did not audit or review the financial statements nor were
we required to perform any procedures to verify the accuracy or completeness of the information provided by management.
Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements.
The financial statements are prepared in accordance with the cash basis of accounting, which is a basis of accounting other
than accounting principles generally accepted in the United States of America.
The supplementary information contained on pages 9-20 is presented for purposes of additional analysis and is not a required
part of the basic financial statements. Such information is the responsibility of management. The supplementary
information was subject to our compilation engagement. We have not audited or reviewed the supplementary information
and do not express an opinion, conclusion, nor provide any assurance on such information.
Management has elected to omit substantially all the disclosures ordinarily included in the financial statements prepared in
accordance with the cash basis of accounting. If the omitted disclosures were included in the financial statements, they
might influence the user’s conclusions about the Richmond Sanitary District’s selected financial information arising from
cash transactions and cash receipts and disbursements. Accordingly, the financial statements are not designed for those
who are not informed on such matters.
_______________________
O. W. Krohn & Associates LLP
CITY OF RICHMOND SANITARY DISTRICT
PRO FORMA FINANCIAL INFORMATION
RICHMOND SANITARY DISTRICT
SCHEDULE OF PRO FORMA REVENUE REQUIREMENTS
BASED ON THE TEST YEAR ENDED DECEMBER 31, 2021
PRO FORMA YEAR
2023 2024 2025
REVENUE REQUIREMENTS
PRO FORMA CASH OPERATION AND MAINTENANCE EXPENSES (1) 6,517,208$ 6,712,724$ 6,914,106$
DEBT SERVICE ON OUTSTANDING BONDS (2) 4,968,512 4,980,119 3,922,278
DEBT SERVICE ON PROPOSED BONDS (3) - 285,700 285,700
ALLOWANCE FOR CAPITAL IMPROVEMENTS (4) 4,038,000 4,570,000 6,222,000
TOTAL REVENUE REQUIREMENTS 15,523,720 16,548,543 17,344,084
PRO FORMA REVENUES
TEST YEAR SANITARY SEWER FEES AND CHARGES 12,076,567 12,076,567 12,076,567
ADJUSTMENT - PRO FORMA ADJUSTMENT (5) (576,567) (576,567) (576,567)
ADJUSTMENT - RATE INCREASES (6) - 1,581,031 2,333,324
TEST YEAR STORMWATER FEES 1,531,624 1,531,624 1,531,624
TEST/PRIOR YEAR SEWER SURCHARGES 688,961 688,961 688,961
ADJUSTMENT - PRO FORMA ADJUSTMENT (5) (188,961) (188,961) (188,961)
ADJUSTMENT - RATE INCREASE (7) - 272,530 272,530
TEST YEAR SEPTIC TANK FEES 411,065 411,065 411,065
TOTAL PRO FORMA REVENUES 13,942,689 15,796,250 16,548,543
REVENUE SHORTFALL 1,581,031$ 752,293$ 795,541$
APPROXIMATE REQUIRED ACROSS-THE-BOARD
INCREASE IN SEWER RATES AND CHARGES 13.75% 5.75% 5.75%
ESTIMATED 4,000 GALLON BILL 49.41$ 52.24$ 55.23$
(1) SEE PAGE 4. ASSUMES A 3.0% INFLATIONARY ADJUSTMENT FOR 2024 AND 2025.
(2) ANNUAL DEBT SERVICE ON ALL CURRENTLY OUTSTANDING BONDS. SEE PAGE 20.
(3) ASSUMES THE DEBT SERVICE ON A PROPOSED $4,250,000 BOND ISSUE OUTSTANDING FOR 20 YEARS AT 3.00%.
(4)
(5) PER MANAGEMEMNT, ADJUSTMENT NEEDED BASED ON CURRENT BILLINGS AND CURRENT CUSTOMER BASE.
(6) ASSUMES THE INCREASE REQUIRED IN PRIOR YEAR IS FULLY CAPTURED IN FOLLOWING YEAR.
(7) ASSUMES THE IMPLEMENTATION OF THE BULK USER RATES AT $0.31 PER POUND.
ALLOWANCE FOR CAPITAL IMPROVEMENTS AND WORKING CAPITAL BASED ON NEEDS PER MANAGEMENT AND
CAPITAL IMPROVEMENT PLAN.
SEE ACCOUNTANT'S COMPILATION REPORT
- 2 -
RICHMOND SANITARY DISTRICT
SCHEDULE OF CURRENT AND PROPOSED WASTEWATER RATES AND CHARGES
PROPOSED
CURRENT 2023 2024 2025
Effective Date 1/1/2023 1/1/2024 1/1/2025
SEWER USER RATES:Proposed Increase 13.75% 5.75% 5.75%
TREATMENT RATE
RATE PER 1,000 GALLONS PER MONTH
RESIDENTIAL / COMMERCIAL 5.25$ 5.97$ 6.31$ 6.67$
INDUSTRIAL 4.67$ 5.31$ 5.62$ 5.94$
MONTHLY BASE RATE (ALL CLASSES)
WATER METER SIZE
5/8 OR 3/4 INCH 22.44$ 25.53$ 27.00$ 28.55$
1 INCH 69.19 78.70 83.23 88.02
1 1/2 INCH 153.67 174.80 184.85 195.48
2 INCH 261.20 297.12 314.20 332.27
3 INCH 593.87 675.53 714.37 755.45
4 INCH 1,028.98 1,170.46 1,237.76 1,308.93
6 INCH 2,315.20 2,633.54 2,784.97 2,945.11
8 INCH 4,115.92 4,681.86 4,951.07 5,235.76
10 INCH 6,431.13 7,315.41 7,736.05 8,180.87
12 INCH 9,260.82 10,534.18 11,139.90 11,780.44
UNMETERED CUSTOMERS (5,000 GALLONS)
CHARGE PER MONTH 48.71$ 55.38$ 58.55$ 61.90$
INDUSTRIAL SURCHARGES
BOD PER POUND 0.52$ 0.52$ 0.52$ 0.52$
SUSPENDED SOLIDS PER POUND 0.52 0.52 0.52 0.52
BULK USERS (OVER 250,000 ANNUAL COMBINED LBS.)
BOD PER POUND 0.310$ 0.310$ 0.310$
SUSPENDED SOLIDS PER POUND 0.310 0.310 0.310
STORM WATER RATES:
RESIDENTIAL
MONTHLY BASE RATE 6.00$ 6.00$ 6.00$ 6.00$
NON-RESIDENTIAL
MONTHLY BASE RATE 4.50$ 4.50$ 4.50$ 4.50$
MONTHLY VARIABLE RATE - PER ERU 1.50$ 1.50$ 1.50$ 1.50$
NOTES:
Sewer user rates were approved by the Common Council in Ordinance No. 46-2017 on October 30, 2017.
Stormwater rates were approved by the Common Council in Ordinance No. 10-2009 adopted on March 16, 2009 effective beginning May 1,
2009.
SEE ACCOUNTANT'S COMPILATION REPORT
- 3 -
TEST YEAR PRO FORMA
ENDED PRO FORMA OPERATING
12/31/2021 ADJUSTMENTS REF. DISBURSEMENTS
COLLECTION SYSTEM:
SALARIES AND WAGES 485,252$ 39,548$ (1) 524,800$
EMPLOYEE PENSIONS AND BENEFITS 243,809 19,870 (1) 263,679
MATERIALS AND SUPPLIES 27,218 2,722 (2) 29,940
REPAIRS AND MAINTENANCE 13,378 (6,457) (3) 6,921
TRANSPORTATION 47,890 13,666 (3) 61,556
CONCRETE/ASPHALT 3,053 305 (2) 3,358
CONTRACTUAL SERVICES 16,320 80 (3) 16,400
MISCELLANEOUS 324 351 (3) 675
SUB-TOTALS 837,244 70,085 907,329
TREATMENT PLANT:
SALARIES AND WAGES 720,497 58,721 (1) 779,218
EMPLOYEE PENSIONS AND BENEFITS 411,531 33,540 (1) 445,071
PURCHASED POWER 627,372 62,737 (2) 690,109
MATERIALS AND SUPPLIES 19,283 1,928 (2) 21,211
CHEMICALS 65,005 6,501 (2) 71,506
REPAIRS AND MAINTENANCE 178,548 (18,176) (3) 160,372
LAND APPLICATIONS - BIO SOLIDS 608,691 (8,871) (3) 599,820
TRANSPORTATION 32,794 3,127 (3) 35,921
CONTRACTUAL SERVICES:
PROFESSIONAL 295,814 19,813 (3) 315,627
OTHER 119,119 (7,576) (3) 111,543
OTHER UTILITIES 60,082 6,008 (2) 66,090
PHONE AND INTERNET 842 84 (2) 926
MISCELLANEOUS 4,349 (866) (3) 3,483
SUB-TOTALS 3,143,927 156,970 3,300,897
LABORATORY:
SALARIES AND WAGES 245,801 20,033 (1) 265,834
EMPLOYEE PENSIONS AND BENEFITS 110,822 9,032 (1) 119,854
MATERIALS AND SUPPLIES 19,357 1,936 (2) 21,293
REPAIRS AND MAINTENANCE 4,570 (750) (3) 3,820
TRANSPORTATION 2,584 (215) (3) 2,369
CONTRACTUAL SERVICES 32,795 (9,382) (3) 23,413
MISCELLANEOUS 1,461 293 (3) 1,754
SUB-TOTALS 417,390 20,947 438,337
(1) ASSUMES A 3% AND 5% COST-OF-LIVING/INFLATIONARY ADJUSTMENT FOR 2022 AND 2023, RESPECTIVELY.
(2) ASSUMES AN ESTIMATED 10.0% INFLATIONARY ADJUSTMENT.
(3) APPROXIMATES HISTORICAL DISBURSEMENTS.
RICHMOND SANITARY DISTRICT
SCHEDULE OF PRO FORMA CASH OPERATION AND MAINTENANCE EXPENSES
SEE ACCOUNTANT'S COMPILATION REPORT
- 4 -
RICHMOND SANITARY DISTRICT
SCHEDULE OF PRO FORMA CASH OPERATION AND MAINTENANCE EXPENSES
TEST YEAR PRO FORMA
ENDED PRO FORMA OPERATING
12/31/2021 ADJUSTMENTS REF. DISBURSEMENTS
ADMINISTRATIVE AND GENERAL:
SALARIES AND WAGES 240,713$ 19,618$ (1) 260,331$
EMPLOYEE PENSIONS AND BENEFITS 220,896 18,003 (1) 238,899
PURCHASED POWER 6,000 600 (2) 6,600
MATERIALS AND SUPPLIES 11,305 1,131 (2) 12,436
TRANSPORTATION 7,051 760 (3) 7,811
WATER SHUTOFF/DISCONNECTS 88,920 (32,457) (3) 56,463
CONTRACTUAL SERVICES:
TECHNICAL 145,887 6,010 (3) 151,897
PROFESSIONAL 25,750 32,890 (3) 58,640
OTHER 154,472 7,486 (3) 161,958
PHONE AND INTERNET 17,339 1,734 (2) 19,073
POSTAGE 49,709 4,971 (2) 54,680
INSURANCE 184,800 18,480 (2) 203,280
INTERGOVERNMENTAL CHARGES 180,000 (6,782) (3) 173,218
MISCELLANEOUS 14,143 2,553 (3) 16,696
SUB-TOTALS 1,346,985 74,997 1,421,982
STORMWATER:
SALARIES AND WAGES 48,940 3,989 (1) 52,929
EMPLOYEE PENSIONS AND BENEFITS 15,559 1,268 (1) 16,827
MATERIALS AND SUPPLIES 2,234 223 (2) 2,457
CONCRETE/ASPHALT 3,053 305 (2) 3,358
PROFESSIONAL 164,306 113,110 (3) 277,416
OTHER 59,046 (5,329) (3) 53,717
POSTAGE 28,000 2,800 (2) 30,800
TRAINING AND EDUCATION 775 384 (3) 1,159
MISCELLANEOUS 79,652 (69,652) (3) 10,000
SUB-TOTALS 401,565 47,098 448,663
TOTALS 6,147,111$ 370,097$ 6,517,208$
(1) ASSUMES A 3% AND 5% COST-OF-LIVING/INFLATIONARY ADJUSTMENT FOR 2022 AND 2023, RESPECTIVELY.
(2) ASSUMES AN ESTIMATED 10.0% INFLATIONARY ADJUSTMENT.
(3) APPROXIMATES HISTORICAL DISBURSEMENTS.
(CONTINUED)
SEE ACCOUNTANT'S COMPILATION REPORT
- 5 -
RICHMOND SANITARY DISTRICTCAPITAL IMPROVEMENTS PLANPER MANAGEMENT AND ENGINEERS2022 2023 2024 2025 2026 2027 6-YR TOTALSPAY-GO PROJECTS:LTCP PLAN PROJECTS:Flow Monitoring/Post Construction Monitoring 55,000$ 55,000$ 55,000$ 55,000$ 55,000$ 55,000$ 330,000$ Short Creek Interceptor (Niewoehner) (Hayes Lift Station) 4,382,400 4,382,400 Round Barn Road (NW Branch-College Corner) 200,000 791,504 991,504 Round Barn Road (West Branch)100,000 410,775 510,775 Midwest Industrial Park100,000 425,798 525,798 Chester Blvd Relief Interceptor Sewer Collection Improvements Phase III (North of I-70) 478,130 2,709,405 3,187,535 North/Far North Richmond Collector122,887 696,360 819,247 WWTP CSO Wet Weather Treatment Facility at WWTP 2,244,574 1,496,383 3,740,957 WWTP Roughing Tower and Intermediate Clarifier Modifications181,973 1,031,178 1,213,151 Programmed LTCP Related Projects (to be determined)700,000 700,000 TOTAL LTCP PAY-GO PROJECTS 4,437,400 2,699,574 2,152,400 3,642,738 2,714,255 755,000 16,401,367 ANNUAL MISCELLANEOUS PROJECTS:Programmed Sanitary Projects (TBD) 335,038 344,419 354,063 363,977 374,168 384,645 2,156,310 Sanitary Sewer Rehabilitation and Risk Management Program 390,876 401,821 413,072 424,638 436,528 448,751 2,515,686 Programmed Storm Projects (TBD) 390,876 401,821 413,072 424,638 436,528 448,751 2,515,686 Estimated Admin Capital 51,800 239,950 118,580 121,477 137,263 123,908 792,978 Estimated WWTP Equipment Capital 483,500 886,000 876,884 890,869 856,063 919,120 4,912,436 Estimated Lab Capital 127,800 132,800 146,798 161,477 165,998 142,726 877,599 Estimated WW Maint/Lift Station Capital 445,000 765,000 693,900 618,219 917,986 541,644 3,981,749 Estimated Sewer Maintenance Equipment Capital 233,000 143,000 62,194 77,145 60,294 67,008 642,641 TOTAL MISCELLANEOUS PAY-GO PROJECTS 2,457,890 3,314,811 3,078,563 3,082,440 3,384,828 3,076,553 18,395,085 TOTAL PAY-GO PROJECTS 6,895,290 6,014,385 5,230,963 6,725,178 6,099,083 3,831,553 34,796,452 BOND FUNDED PROJECTS*Short Creek Interceptor (Lower) (Short Creek Lift Station) 4,250,000 4,250,000 WWTP CSO Wet Weather Treatment Facility at WWTP31,000,000 31,000,000 WWTP CSO Wet Weather Treatment Facility in collection system6,000,000 6,000,000 TOTAL BOND FUNDED PROJECTS - 4,250,000 - - - 37,000,000 41,250,000 * Includes amounts for costs of issuanceTOTAL CAPITAL PROJECTS PLANNED 6,895,290$ 10,264,385$ 5,230,963$ 6,725,178$ 6,099,083$ 40,831,553$ 76,046,452$ SEE ACCOUNTANT'S COMPILATION REPORT- 6 -
CITY OF RICHMOND SANITARY DISTRICT
HISTORICAL FINANCIAL STATEMENTS
RICHMOND SANITARY DISTRICT
COMPARATIVE STATEMENTS OF SELECTED FINANCIAL INFORMATION
ARISING FROM CASH TRANSACTIONS
AS OF DECEMBER 31,
2021 2020 2019
UTILITY PLANT IN SERVICE 158,069,804$ 146,468,279$ 139,785,744$
CASH AND CASH EQUIVALENTS:
SEWER OPERATING FUND 5,913,180$ 3,692,926$ 5,943,513$
SEWER IMPROVEMENT FUND 3,460,100 3,460,099 -
STORMWATER FUND 1,235,082 1,593,021 3,200,435
STORMWATER IMPROVEMENT FUND 958,389 958,389 -
BOND AND INTEREST FUND 4,838,603 4,517,894 3,005,799
DEBT SERVICE RESERVE FUND 4,133,236 3,707,021 3,281,140
CONSTRUCTION FUND 8,354,781 12,525,693 16,701,593
SANITARY DISTRICT REFUNDING ESCROW - - 7,293,321
TOTAL CASH AND CASH EQUIVALENTS 28,893,371$ 30,455,043$ 39,425,801$
BONDED DEBT:
SANITARY DISTRICT BONDS OF 2009, SERIES A 817,000$ 894,000$ 968,000$
SANITARY DISTRICT BONDS OF 2012, SERIES A 9,525,000 10,230,000 10,920,000
TAXABLE SANITARY DISTRICT BONDS OF 2012, SERIES B 521,760 565,240 608,720
SANITARY DISTRICT REFUNDING BONDS OF 2015, SERIES B 3,905,000 5,160,000 6,390,000
SANITARY DISTRICT BONDS OF 2017, SERIES B 10,120,000 10,615,000 11,100,000
SANITARY DISTRICT REFUNDING BONDS OF 2019 5,460,000 5,935,000 6,030,000
SANITARY DISTRICT BONDS OF 2019, SERIES C 16,125,000 16,750,000 16,750,000
SANITARY DISTRICT BONDS OF 2021, SERIES D 6,455,000 - -
TOTAL BONDED DEBT 52,928,760$ 50,149,240$ 52,766,720$
SEE ACCOUNTANT'S COMPILATION REPORT
- 7 -
RICHMOND SANITARY DISTRICT
COMPARATIVE STATEMENTS OF RECEIPTS AND DISBURSEMENTS
FOR THE TWELVE MONTHS ENDED DECEMBER 31,
2021 2020 2019
OPERATING RECEIPTS:
SANITARY SEWER FEES AND CHARGES 12,076,567$ 11,534,244$ 11,075,799$
STORMWATER FEES 1,531,624 1,490,208 1,506,395
SEWER SURCHARGES 688,961 376,930 495,763
SEPTIC TANK FEES 411,065 486,221 4,558
TOTAL OPERATING RECEIPTS 14,708,217 13,887,603 13,082,515
OPERATING DISBURSEMENTS:
COLLECTION SYSTEM 837,244 791,616 769,512
TREATMENT PLANT 3,143,927 2,783,595 3,343,323
LABORATORY 417,390 402,373 350,032
ADMINISTRATIVE AND GENERAL 1,346,985 1,145,719 1,417,004
STORMWATER 401,565 273,379 693,648
TOTAL OPERATING DISBURSEMENTS 6,147,111 5,396,682 6,573,519
NET OPERATING RECEIPTS 8,561,106 8,490,921 6,508,996
NON-OPERATING RECEIPTS
INTEREST AND DIVIDENDS 1,578 29,831 161,411
TAPS 8,906 3,750 3,100
BOND PROCEEDS 6,455,000 - 23,481,659
MISCELLANEOUS NON-OPERATING REVENUE 161,953 87,918 194,636
TOTAL NON-OPERATING RECEIPTS 6,627,437 121,499 23,840,806
NON-OPERATING DISBURSEMENTS:
PLANT ADDITIONS AND IMPROVEMENTS 11,601,525 6,682,535 3,428,421
PRINCIPAL PAID 3,675,480 2,617,480 2,897,000
INTEREST PAID 1,218,485 836,527 755,566
LEASE PAYMENT 226,177 153,265 153,265
BOND ISSUANCE COSTS - - 171,080
BOND DEFEASANCE/ESCROW OUTFLOW - 7,293,321 -
OTHER 28,548 50 -
TOTAL NON-OPERATING DISBURSEMENTS 16,750,215 17,583,178 7,405,332
INCREASE (DECREASE) IN CASH (1,561,672) (8,970,758) 22,944,470
BEGINNING CASH BALANCE 30,455,043 39,425,801 16,481,331
ENDING CASH BALANCE 28,893,371$ 30,455,043$ 39,425,801$
SEE ACCOUNTANT'S COMPILATION REPORT
- 8 -
CITY OF RICHMOND SANITARY DISTRICT
SUPPLEMENTARY INFORMATION
RICHMOND SANITARY DISTRICT
DETAIL OF OPERATION AND MAINTENANCE DISBURSEMENTS
FOR THE TWELVE MONTHS ENDING DECEMBER 31,
2021 2020 2019
COLLECTION SYSTEM:
SALARIES AND WAGES 485,252$ 460,126$ 416,130$
EMPLOYEE PENSIONS AND BENEFITS 243,809 230,059 223,941
MATERIALS AND SUPPLIES 27,218 20,663 19,717
REPAIRS AND MAINTENANCE 13,378 1,151 6,233
TRANSPORTATION 47,890 60,445 76,333
CONCRETE/ASPHALT 3,053 3,672 8,076
CONTRACTUAL SERVICES 16,320 15,378 17,502
MISCELLANEOUS 324 122 1,580
SUB-TOTALS 837,244 791,616 769,512
TREATMENT PLANT:
SALARIES AND WAGES 720,497 701,770 675,478
EMPLOYEE PENSIONS AND BENEFITS 411,531 310,267 323,590
PURCHASED POWER 627,372 673,839 736,140
MATERIALS AND SUPPLIES 19,283 14,132 16,108
CHEMICALS 65,005 93,264 68,745
REPAIRS AND MAINTENANCE 178,548 144,490 158,079
LAND APPLICATIONS - BIO SOLIDS 608,691 419,078 771,692
TRANSPORTATION 32,794 31,762 43,208
CONTRACTUAL SERVICES:
PROFESSIONAL 295,814 271,694 379,373
OTHER 119,119 74,313 141,196
OTHER UTILITIES 60,082 45,648 25,226
PHONE AND INTERNET 842 861 866
MISCELLANEOUS 4,349 2,477 3,622
SUB-TOTALS 3,143,927 2,783,595 3,343,323
LABORATORY:
SALARIES AND WAGES 245,801 254,773 217,017
EMPLOYEE PENSIONS AND BENEFITS 110,822 107,045 92,144
MATERIALS AND SUPPLIES 19,357 15,146 13,623
REPAIRS AND MAINTENANCE 4,570 2,990 3,899
TRANSPORTATION 2,584 2,334 2,188
CONTRACTUAL SERVICES 32,795 19,388 18,056
MISCELLANEOUS 1,461 697 3,105
SUB-TOTALS 417,390 402,373 350,032
SEE ACCOUNTANT'S COMPILATION REPORT
- 9 -
RICHMOND SANITARY DISTRICT
DETAIL OF OPERATION AND MAINTENANCE DISBURSEMENTS
FOR THE TWELVE MONTHS ENDING DECEMBER 31,
(CONTINUED)
2021 2020 2019
ADMINISTRATIVE AND GENERAL:
SALARIES AND WAGES 240,713$ 279,783$ 251,196$
EMPLOYEE PENSIONS AND BENEFITS 220,896 157,964 118,764
PURCHASED POWER 6,000 6,000 6,000
MATERIALS AND SUPPLIES 11,305 6,252 7,374
TRANSPORTATION 7,051 7,888 8,495
WATER SHUTOFF/DISCONNECTS 88,920 20,085 60,385
CONTRACTUAL SERVICES:
TECHNICAL 145,887 152,251 157,553
PROFESSIONAL 25,750 26,886 123,284
OTHER 154,472 60,178 271,225
PHONE AND INTERNET 17,339 12,594 13,284
POSTAGE 49,709 47,955 47,089
INSURANCE 184,800 169,639 175,000
INTERGOVERNMENTAL CHARGES 180,000 178,823 160,831
MISCELLANEOUS 14,143 19,421 16,524
SUB-TOTALS 1,346,985 1,145,719 1,417,004
STORMWATER:
SALARIES AND WAGES 48,940 50,518 46,728
EMPLOYEE PENSIONS AND BENEFITS 15,559 15,548 14,857
MATERIALS AND SUPPLIES 2,234 3,165 3,166
CONCRETE/ASPHALT 3,053 1,335 1,316
CONTRACTUAL SERVICES:
PROFESSIONAL 164,306 134,997 532,946
OTHER 59,046 37,114 64,991
POSTAGE 28,000 28,000 28,000
TRAINING AND EDUCATION 775 2,702 -
MISCELLANEOUS 79,652 - 1,644
SUB-TOTALS 401,565 273,379 693,648
TOTAL OPERATION & MAINTENANCE EXPENSES 6,147,111$ 5,396,682$ 6,573,519$
SEE ACCOUNTANT'S COMPILATION REPORT
- 10 -
RICHMOND SANITARY DISTRICT
COMPARISON OF ACCOUNT BALANCES WITH MINIMUM RESERVES REQUIRED
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2021
BALANCE MINIMUM AVAILABLE
AS OF RESERVE FOR
12/31/2021 REQUIRED (1) TRANSFER
SEWER OPERATING FUND 5,913,180$ 957,591$ (2) 4,955,589$
STORMWATER FUND 1,235,082 66,928 (2) 1,168,154
BOND AND INTEREST FUND 4,838,603 4,420,720 (3) 417,883
DEBT SERVICE RESERVE FUND 4,133,236 4,133,236 (4) -
CONSTRUCTION FUND 8,354,781 8,354,781 (5) -
SEWER IMPROVEMENT FUND 3,460,100 - (6) 3,460,100
STORMWATER IMPROVEMENT FUND 958,389 - (6) 958,389
TOTALS 28,893,371$ 17,933,256$ 10,960,115$
(1)REQUIREMENTS PER THE BOND RESOLUTIONSS APPROVING THE OUTSTANDING BONDS.
(2) AN AMOUNT SUFFICIENT TO PROVIDE FOR OPERATIONS FOR 2 MONTHS.
(3)
(4)
(5) RESERVED FOR CONSTRUCTION AND PROJECT RELATED CAPITAL OUTLAYS.
(6)
AN AMOUNT OF 1/6 OF THE NEXT INTEREST PAYMENT AND 1/12 OF THE NEXT PRINCIPAL
PAYMENT SHOULD BE TRANSFERRED MONTHLY TO ACCRUE FUNDS FOR DEBT SERVICE
PAYMENTS.
MONTHLY TRANSFERS ARE TO BE MADE TO BUILD-UP FUNDS TO AN AMOUNT EQUAL TO
THE MAXIMUM ANNUAL DEBT SERVICE OVER NO MORE THAN 60 MONTHS.
UNRESTRICTED, FOR OPERATIONS. FUND IS ESTABLISHED TO PROVIDE A BUILD-UP OF
FUNDS FOR PERIODIC MAINTENANCE AND CAPITAL IMPROVEMENTS.
SEE ACCOUNTANT'S COMPILATION REPORT
- 11 -
RICHMOND SANITARY DISTRICT
SCHEDULE OF AMORTIZATION OF $817,000 OUTSTANDING
SANITARY DISTRICT BONDS OF 2009, SERIES A
DATED JULY 23, 2009
BOND
PAYMENT PRINCIPAL INTEREST PERIOD YEAR
DATE BALANCE PRINCIPAL RATE INTEREST TOTAL TOTAL
1/1/2022 817,000$ 79,000$ 3.37% 13,766.45$ 92,766.45$ 92,766.45$
7/1/2022 12,435.30 12,435.30
1/1/2023 738,000 82,000 3.37% 12,435.30 94,435.30 106,870.60
7/1/2023 11,053.60 11,053.60
1/1/2024 656,000 85,000 3.37% 11,053.60 96,053.60 107,107.20
7/1/2024 9,621.35 9,621.35
1/1/2025 571,000 88,000 3.37% 9,621.35 97,621.35 107,242.70
7/1/2025 8,138.55 8,138.55
1/1/2026 483,000 90,000 3.37% 8,138.55 98,138.55 106,277.10
7/1/2026 6,622.05 6,622.05
1/1/2027 393,000 93,000 3.37% 6,622.05 99,622.05 106,244.10
7/1/2027 5,055.00 5,055.00
1/1/2028 300,000 97,000 3.37% 5,055.00 102,055.00 107,110.00
7/1/2028 3,420.55 3,420.55
1/1/2029 203,000 100,000 3.37% 3,420.55 103,420.55 106,841.10
7/1/2029 1,735.55 1,735.55
1/1/2030 103,000 103,000 3.37% 1,735.55 104,735.55 106,471.10
TOTALS 817,000$ 129,930.35$ 946,930.35$ 946,930.35$
SEE ACCOUNTANT'S COMPILATION REPORT
- 12 -
RICHMOND SANITARY DISTRICT
SCHEDULE OF AMORTIZATION OF $9,525,000 OUTSTANDING
SANITARY DISTRICT BONDS OF 2012, SERIES A
DATED: DECEMBER 13, 2012
BOND
PAYMENT PRINCIPAL INTEREST PERIOD YEAR
DATE BALANCE PRINCIPAL RATE INTEREST TOTAL TOTAL
1/1/2022 9,525,000$ 715,000$ 1.73% 82,391.25$ 797,391.25$ 797,391.25$
7/1/2022 76,206.50 76,206.50
1/1/2023 8,810,000 730,000 1.73% 76,206.50 806,206.50 882,413.00
7/1/2023 69,892.00 69,892.00
1/1/2024 8,080,000 745,000 1.73% 69,892.00 814,892.00 884,784.00
7/1/2024 63,447.75 63,447.75
1/1/2025 7,335,000 755,000 1.73% 63,447.75 818,447.75 881,895.50
7/1/2025 56,917.00 56,917.00
1/1/2026 6,580,000 770,000 1.73% 56,917.00 826,917.00 883,834.00
7/1/2026 50,256.50 50,256.50
1/1/2027 5,810,000 785,000 1.73% 50,256.50 835,256.50 885,513.00
7/1/2027 43,466.25 43,466.25
1/1/2028 5,025,000 800,000 1.73% 43,466.25 843,466.25 886,932.50
7/1/2028 36,546.25 36,546.25
1/1/2029 4,225,000 815,000 1.73% 36,546.25 851,546.25 888,092.50
7/1/2029 29,496.50 29,496.50
1/1/2030 3,410,000 830,000 1.73% 29,496.50 859,496.50 888,993.00
7/1/2030 22,317.00 22,317.00
1/1/2031 2,580,000 845,000 1.73% 22,317.00 867,317.00 889,634.00
7/1/2031 15,007.75 15,007.75
1/1/2032 1,735,000 860,000 1.73% 15,007.75 875,007.75 890,015.50
7/1/2032 7,568.75 7,568.75
1/1/2033 875,000 875,000 1.73% 7,568.75 882,568.75 890,137.50
TOTALS 9,525,000$ 1,024,635.75$ 10,549,635.75$ 10,549,635.75$
SEE ACCOUNTANT'S COMPILATION REPORT
- 13 -
RICHMOND SANITARY DISTRICT
SCHEDULE OF AMORTIZATION OF $521,760 OUTSTANDING
SANITARY DISTRICT BONDS OF 2012, SERIES B
DATED: DECEMBER 13, 2012
BOND
PAYMENT PRINCIPAL INTEREST PERIOD YEAR
DATE BALANCE PRINCIPAL RATE INTEREST TOTAL TOTAL
1/1/2022 521,760$ 43,480$ 0.00% - 43,480.00$ 43,480.00$
7/1/2022 - -
1/1/2023 478,280 43,480 0.00% - 43,480.00 43,480.00
7/1/2023 - -
1/1/2024 434,800 43,480 0.00% - 43,480.00 43,480.00
7/1/2024 - -
1/1/2025 391,320 43,480 0.00% - 43,480.00 43,480.00
7/1/2025 - -
1/1/2026 347,840 43,480 0.00% - 43,480.00 43,480.00
7/1/2026 - -
1/1/2027 304,360 43,480 0.00% - 43,480.00 43,480.00
7/1/2027 - -
1/1/2028 260,880 43,480 0.00% - 43,480.00 43,480.00
7/1/2028 - -
1/1/2029 217,400 43,480 0.00% - 43,480.00 43,480.00
7/1/2029 - -
1/1/2030 173,920 43,480 0.00% - 43,480.00 43,480.00
7/1/2030 - -
1/1/2031 130,440 43,480 0.00% - 43,480.00 43,480.00
7/1/2031 - -
1/1/2032 86,960 43,480 0.00% - 43,480.00 43,480.00
7/1/2032 - -
1/1/2033 43,480 43,480 0.00% - 43,480.00 43,480.00
TOTALS 521,760$ -$ 521,760.00$ 521,760.00$
SEE ACCOUNTANT'S COMPILATION REPORT
- 14 -
RICHMOND SANITARY DISTRICT
SCHEDULE OF AMORTIZATION OF $3,905,000 OUTSTANDING
SANITARY DISTRICT BONDS OF 2015, SERIES B
DATED: JUNE 9, 2015
BOND
PAYMENT PRINCIPAL INTEREST PERIOD YEAR
DATE BALANCE PRINCIPAL RATE INTEREST TOTAL TOTAL
1/1/2022 3,905,000$ 1,275,000$ 1.96% 38,269.00$ 1,313,269.00$ 1,313,269.00$
7/1/2022 25,774.00 25,774.00
1/1/2023 2,630,000 1,300,000 1.96% 25,774.00 1,325,774.00 1,351,548.00
7/1/2023 13,034.00 13,034.00
1/1/2024 1,330,000 1,330,000 1.96% 13,034.00 1,343,034.00 1,356,068.00
TOTALS 3,905,000$ 115,885.00$ 4,020,885.00$ 4,020,885.00$
SEE ACCOUNTANT'S COMPILATION REPORT
- 15 -
RICHMOND SANITARY DISTRICT
SCHEDULE OF AMORTIZATION OF $10,120,000 OUTSTANDING
SANITARY DISTRICT BONDS OF 2017, SERIES B
DATED: NOVEMBER 30, 2017
BOND
PAYMENT PRINCIPAL INTEREST PERIOD YEAR
DATE BALANCE PRINCIPAL RATE INTEREST TOTAL TOTAL
1/1/2022 10,120,000$ 505,000$ 2.00% 101,200.00$ 606,200.00$ 606,200.00$
7/1/2022 96,150.00 96,150.00
1/1/2023 9,615,000 515,000 2.00% 96,150.00 611,150.00 707,300.00
7/1/2023 91,000.00 91,000.00
1/1/2024 9,100,000 525,000 2.00% 91,000.00 616,000.00 707,000.00
7/1/2024 85,750.00 85,750.00
1/1/2025 8,575,000 535,000 2.00% 85,750.00 620,750.00 706,500.00
7/1/2025 80,400.00 80,400.00
1/1/2026 8,040,000 550,000 2.00% 80,400.00 630,400.00 710,800.00
7/1/2026 74,900.00 74,900.00
1/1/2027 7,490,000 560,000 2.00% 74,900.00 634,900.00 709,800.00
7/1/2027 69,300.00 69,300.00
1/1/2028 6,930,000 570,000 2.00% 69,300.00 639,300.00 708,600.00
7/1/2028 63,600.00 63,600.00
1/1/2029 6,360,000 580,000 2.00% 63,600.00 643,600.00 707,200.00
7/1/2029 57,800.00 57,800.00
1/1/2030 5,780,000 595,000 2.00% 57,800.00 652,800.00 710,600.00
7/1/2030 51,850.00 51,850.00
1/1/2031 5,185,000 605,000 2.00% 51,850.00 656,850.00 708,700.00
7/1/2031 45,800.00 45,800.00
1/1/2032 4,580,000 615,000 2.00% 45,800.00 660,800.00 706,600.00
7/1/2032 39,650.00 39,650.00
1/1/2033 3,965,000 630,000 2.00% 39,650.00 669,650.00 709,300.00
7/1/2033 33,350.00 33,350.00
1/1/2034 3,335,000 640,000 2.00% 33,350.00 673,350.00 706,700.00
7/1/2034 26,950.00 26,950.00
1/1/2035 2,695,000 655,000 2.00% 26,950.00 681,950.00 708,900.00
7/1/2035 20,400.00 20,400.00
1/1/2036 2,040,000 665,000 2.00% 20,400.00 685,400.00 705,800.00
7/1/2036 13,750.00 13,750.00
1/1/2037 1,375,000 680,000 2.00% 13,750.00 693,750.00 707,500.00
7/1/2037 6,950.00 6,950.00
1/1/2038 695,000 695,000 2.00% 6,950.00 701,950.00 708,900.00
TOTALS 10,120,000$ 1,816,400.00$ 11,936,400.00$ 11,936,400.00$
SEE ACCOUNTANT'S COMPILATION REPORT
- 16 -
RICHMOND SANITARY DISTRICT
SCHEDULE OF AMORTIZATION OF $5,460,000 OUTSTANDING
SANITARY DISTRICT REFUNDING BONDS OF 2019
DATED NOVEMBER 1, 2019
BOND
PAYMENT PRINCIPAL INTEREST PERIOD YEAR
DATE BALANCE PRINCIPAL RATE INTEREST TOTAL TOTAL
1/1/2022 5,460,000$ 500,000$ 4.00% 109,200.00$ 609,200.00$ 609,200.00$
7/1/2022 99,200.00 99,200.00
1/1/2023 4,960,000 520,000 4.00% 99,200.00 619,200.00 718,400.00
7/1/2023 88,800.00 88,800.00
1/1/2024 4,440,000 545,000 4.00% 88,800.00 633,800.00 722,600.00
7/1/2024 77,900.00 77,900.00
1/1/2025 3,895,000 570,000 4.00% 77,900.00 647,900.00 725,800.00
7/1/2025 66,500.00 66,500.00
1/1/2026 3,325,000 600,000 4.00% 66,500.00 666,500.00 733,000.00
7/1/2026 54,500.00 54,500.00
1/1/2027 2,725,000 635,000 4.00% 54,500.00 689,500.00 744,000.00
7/1/2027 41,800.00 41,800.00
1/1/2028 2,090,000 660,000 4.00% 41,800.00 701,800.00 743,600.00
7/1/2028 28,600.00 28,600.00
1/1/2029 1,430,000 695,000 4.00% 28,600.00 723,600.00 752,200.00
7/1/2029 14,700.00 14,700.00
1/1/2030 735,000 735,000 4.00% 14,700.00 749,700.00 764,400.00
TOTALS 5,460,000$ 1,053,200.00$ 6,513,200.00$ 6,513,200.00$
SEE ACCOUNTANT'S COMPILATION REPORT
- 17 -
SCHEDULE OF AMORTIZATION OF $16,125,000 OUTSTANDING
SANITARY DISTRICT BONDS OF 2019, SERIES C
BOND
PAYMENT PRINCIPAL INTEREST PERIOD YEAR
DATE BALANCE PRINCIPAL RATE INTEREST TOTAL TOTAL
1/1/2022 16,125,000$ 705,000$ 2.00% 161,250.00$ 866,250.00$ 866,250.00$
7/1/2022 154,200.00 154,200.00
1/1/2023 15,420,000 720,000 2.00% 154,200.00 874,200.00 1,028,400.00
7/1/2023 147,000.00 147,000.00
1/1/2024 14,700,000 735,000 2.00% 147,000.00 882,000.00 1,029,000.00
7/1/2024 139,650.00 139,650.00
1/1/2025 13,965,000 750,000 2.00% 139,650.00 889,650.00 1,029,300.00
7/1/2025 132,150.00 132,150.00
1/1/2026 13,215,000 765,000 2.00% 132,150.00 897,150.00 1,029,300.00
7/1/2026 124,500.00 124,500.00
1/1/2027 12,450,000 780,000 2.00% 124,500.00 904,500.00 1,029,000.00
7/1/2027 116,700.00 116,700.00
1/1/2028 11,670,000 795,000 2.00% 116,700.00 911,700.00 1,028,400.00
7/1/2028 108,750.00 108,750.00
1/1/2029 10,875,000 810,000 2.00% 108,750.00 918,750.00 1,027,500.00
7/1/2029 100,650.00 100,650.00
1/1/2030 10,065,000 825,000 2.00% 100,650.00 925,650.00 1,026,300.00
7/1/2030 92,400.00 92,400.00
1/1/2031 9,240,000 845,000 2.00% 92,400.00 937,400.00 1,029,800.00
7/1/2031 83,950.00 83,950.00
1/1/2032 8,395,000 860,000 2.00% 83,950.00 943,950.00 1,027,900.00
7/1/2032 75,350.00 75,350.00
1/1/2033 7,535,000 875,000 2.00% 75,350.00 950,350.00 1,025,700.00
7/1/2033 66,600.00 66,600.00
1/1/2034 6,660,000 895,000 2.00% 66,600.00 961,600.00 1,028,200.00
7/1/2034 57,650.00 57,650.00
1/1/2035 5,765,000 915,000 2.00% 57,650.00 972,650.00 1,030,300.00
7/1/2035 48,500.00 48,500.00
1/1/2036 4,850,000 930,000 2.00% 48,500.00 978,500.00 1,027,000.00
7/1/2036 39,200.00 39,200.00
1/1/2037 3,920,000 950,000 2.00% 39,200.00 989,200.00 1,028,400.00
7/1/2037 29,700.00 29,700.00
1/1/2038 2,970,000 970,000 2.00% 29,700.00 999,700.00 1,029,400.00
7/1/2038 20,000.00 20,000.00
1/1/2039 2,000,000 990,000 2.00% 20,000.00 1,010,000.00 1,030,000.00
7/1/2039 10,100.00 10,100.00
1/1/2040 1,010,000 1,010,000 2.00% 10,100.00 1,020,100.00 1,030,200.00
TOTALS 16,125,000$ 3,255,350.00$ 19,380,350.00$ 19,380,350.00$
RICHMOND SANITARY DISTRICT
DATED: NOVEMBER 1, 2019
SEE ACCOUNTANT'S COMPILATION REPORT
- 18 -
SCHEDULE OF AMORTIZATION OF $6,455,000 OUTSTANDING
SANITARY DISTRICT BONDS OF 2021, SERIES D
BOND
PAYMENT PRINCIPAL INTEREST PERIOD YEAR
DATE BALANCE PRINCIPAL RATE INTEREST TOTAL TOTAL
1/1/2022 6,455,000$ 92,163.06$ 92,163.06$ 92,163.06$
7/1/2022 64,550.00 64,550.00
1/1/2023 6,455,000 1,000$ 2.00% 64,550.00 65,550.00 130,100.00
7/1/2023 64,540.00 64,540.00
1/1/2024 6,454,000 1,000 2.00% 64,540.00 65,540.00 130,080.00
7/1/2024 64,530.00 64,530.00
1/1/2025 6,453,000 299,000 2.00% 64,530.00 363,530.00 428,060.00
7/1/2025 61,540.00 61,540.00
1/1/2026 6,154,000 304,000 2.00% 61,540.00 365,540.00 427,080.00
7/1/2026 58,500.00 58,500.00
1/1/2027 5,850,000 315,000 2.00% 58,500.00 373,500.00 432,000.00
7/1/2027 55,350.00 55,350.00
1/1/2028 5,535,000 320,000 2.00% 55,350.00 375,350.00 430,700.00
7/1/2028 52,150.00 52,150.00
1/1/2029 5,215,000 325,000 2.00% 52,150.00 377,150.00 429,300.00
7/1/2029 48,900.00 48,900.00
1/1/2030 4,890,000 335,000 2.00% 48,900.00 383,900.00 432,800.00
7/1/2030 45,550.00 45,550.00
1/1/2031 4,555,000 340,000 2.00% 45,550.00 385,550.00 431,100.00
7/1/2031 42,150.00 42,150.00
1/1/2032 4,215,000 345,000 2.00% 42,150.00 387,150.00 429,300.00
7/1/2032 38,700.00 38,700.00
1/1/2033 3,870,000 355,000 2.00% 38,700.00 393,700.00 432,400.00
7/1/2033 35,150.00 35,150.00
1/1/2034 3,515,000 360,000 2.00% 35,150.00 395,150.00 430,300.00
7/1/2034 31,550.00 31,550.00
1/1/2035 3,155,000 370,000 2.00% 31,550.00 401,550.00 433,100.00
7/1/2035 27,850.00 27,850.00
1/1/2036 2,785,000 375,000 2.00% 27,850.00 402,850.00 430,700.00
7/1/2036 24,100.00 24,100.00
1/1/2037 2,410,000 380,000 2.00% 24,100.00 404,100.00 428,200.00
7/1/2037 20,300.00 20,300.00
1/1/2038 2,030,000 390,000 2.00% 20,300.00 410,300.00 430,600.00
7/1/2038 16,400.00 16,400.00
1/1/2039 1,640,000 400,000 2.00% 16,400.00 416,400.00 432,800.00
7/1/2039 12,400.00 12,400.00
1/1/2040 1,240,000 405,000 2.00% 12,400.00 417,400.00 429,800.00
7/1/2040 8,350.00 8,350.00
1/1/2041 835,000 415,000 2.00% 8,350.00 423,350.00 431,700.00
7/1/2041 4,200.00 4,200.00
1/1/2042 420,000 420,000 2.00% 4,200.00 424,200.00 428,400.00
TOTALS 6,455,000$ 1,645,683.06$ 8,100,683.06$ 8,100,683.06$
RICHMOND SANITARY DISTRICT
DATED: APRIL 14, 2021
SEE ACCOUNTANT'S COMPILATION REPORT
- 19 -
RICHMOND SANITARY DISTRICTSCHEDULE OF COMBINED DEBT SERVICE2015B 2019 BONDPAYMENT 2009A 2012A 2012B REFUNDING 2017B REFUNDING 2019 2021 COMBINED YEARDATES BONDS BONDS BONDS BONDS BONDS BONDS BONDS BONDS TOTAL TOTAL1/1/2022 92,766.45$ 797,391.25$ 43,480.00$ 1,313,269.00$ 606,200.00$ 609,200.00$ 866,250.00$ 92,163.06$ 4,420,719.76$ 4,420,719.76$ 7/1/2022 12,435.30 76,206.50 - 25,774.00 96,150.00 99,200.00 154,200.00 64,550.00 528,515.80 1/1/2023 94,435.30 806,206.50 43,480.00 1,325,774.00 611,150.00 619,200.00 874,200.00 65,550.00 4,439,995.80 4,968,511.60 7/1/2023 11,053.60 69,892.00 - 13,034.00 91,000.00 88,800.00 147,000.00 64,540.00 485,319.60 1/1/2024 96,053.60 814,892.00 43,480.00 1,343,034.00 616,000.00 633,800.00 882,000.00 65,540.00 4,494,799.60 4,980,119.20 7/1/2024 9,621.35 63,447.75 - 85,750.00 77,900.00 139,650.00 64,530.00 440,899.10 1/1/2025 97,621.35 818,447.75 43,480.00 620,750.00 647,900.00 889,650.00 363,530.00 3,481,379.10 3,922,278.20 7/1/2025 8,138.55 56,917.00 - 80,400.00 66,500.00 132,150.00 61,540.00 405,645.55 1/1/2026 98,138.55 826,917.00 43,480.00 630,400.00 666,500.00 897,150.00 365,540.00 3,528,125.55 3,933,771.10 7/1/2026 6,622.05 50,256.50 - 74,900.00 54,500.00 124,500.00 58,500.00 369,278.55 1/1/2027 99,622.05 835,256.50 43,480.00 634,900.00 689,500.00 904,500.00 373,500.00 3,580,758.55 3,950,037.10 7/1/2027 5,055.00 43,466.25 - 69,300.00 41,800.00 116,700.00 55,350.00 331,671.25 1/1/2028 102,055.00 843,466.25 43,480.00 639,300.00 701,800.00 911,700.00 375,350.00 3,617,151.25 3,948,822.50 7/1/2028 3,420.55 36,546.25 - 63,600.00 28,600.00 108,750.00 52,150.00 293,066.80 1/1/2029 103,420.55 851,546.25 43,480.00 643,600.00 723,600.00 918,750.00 377,150.00 3,661,546.80 3,954,613.60 7/1/2029 1,735.55 29,496.50 - 57,800.00 14,700.00 100,650.00 48,900.00 253,282.05 1/1/2030 104,735.55 859,496.50 43,480.00 652,800.00 749,700.00 925,650.00 383,900.00 3,719,762.05 3,973,044.10 7/1/2030 22,317.00 - 51,850.00 92,400.00 45,550.00 212,117.00 1/1/2031 867,317.00 43,480.00 656,850.00 937,400.00 385,550.00 2,890,597.00 3,102,714.00 7/1/2031 15,007.75 - 45,800.00 83,950.00 42,150.00 186,907.75 1/1/2032 875,007.75 43,480.00 660,800.00 943,950.00 387,150.00 2,910,387.75 3,097,295.50 7/1/2032 7,568.75 - 39,650.00 75,350.00 38,700.00 161,268.75 1/1/2033 882,568.75 43,480.00 669,650.00 950,350.00 393,700.00 2,939,748.75 3,101,017.50 7/1/203333,350.00 66,600.00 35,150.00 135,100.00 1/1/2034673,350.00 961,600.00 395,150.00 2,030,100.00 2,165,200.00 7/1/203426,950.00 57,650.00 31,550.00 116,150.00 1/1/2035681,950.00 972,650.00 401,550.00 2,056,150.00 2,172,300.00 7/1/203520,400.00 48,500.00 27,850.00 96,750.00 1/1/2036685,400.00 978,500.00 402,850.00 2,066,750.00 2,163,500.00 7/1/203613,750.00 39,200.00 24,100.00 77,050.00 1/1/2037693,750.00 989,200.00 404,100.00 2,087,050.00 2,164,100.00 7/1/20376,950.00 29,700.00 20,300.00 56,950.00 1/1/2038701,950.00 999,700.00 410,300.00 2,111,950.00 2,168,900.00 7/1/203820,000.00 16,400.00 36,400.00 1/1/20391,010,000.00 416,400.00 1,426,400.00 1,462,800.00 7/1/203910,100.00 12,400.00 22,500.00 1/1/20401,020,100.00 417,400.00 1,437,500.00 1,460,000.00 7/1/20408,350.00 8,350.00 1/1/2041423,350.00 423,350.00 431,700.00 7/1/20414,200.00 4,200.00 1/1/2042424,200.00 424,200.00 428,400.00 TOTALS 946,930.35$ 10,549,635.75$ 521,760.00$ 4,020,885.00$ 11,936,400.00$ 6,513,200.00$ 19,380,350.00$ 8,100,683.06$ 61,969,844.16$ 61,969,844.16$ SEE ACCOUNTANT'S COMPILATION REPORT- 20 -
-$2,000,000
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
$20,000,000
$22,000,000
Sewer and Stormwater Utility Fund Cash Balance Projections
CSO LTCP Pay-Go Capital
Other Pay-Go Replacements and
Capital
Asset Management Program
Total Debt Service (Existing and New)
Operating Costs
Revenue (From Rate Adjustment)
Revenue (Existing)
Combined Fund Balance w/ Rate
Increase
Combined Fund Balance w/ No Rate
Increase
Minimum Fund Balance (6 Mo.
Operating Costs)
Minimum Fund Balance (4 Mo.
Operating Costs)
0.00%13.75%5.75%5.75%3.50%3.50%3.00%3.00%3.00%3.00%2.00%2.00%
$43.44 $49.41 $52.25 $55.25 $57.18 $59.18 $60.96 $62.79 $64.67 $66.61 $67.94 $69.30 4,000 Gal. Rate
Rate Adjustment
Richmond Sanitary District
2021 Industrial Surcharge Analysis
Background
The Richmond Sanitary District accepts liquid wastewater/sewage to be disposed of at the
Treatment Plant under the provisions set forth in Richmond City Code Chapter 54. The criteria
for standard waste and high strength waste are established in both Chapters 53 and 54 of the
City Code. The rate for wastewater discharge, including that of high strength waste, is set forth
in Richmond City Code Chapter 53.14, 53.15, and 53.16, stating that, “…In order that the rates
and charges may be justly and equitably adjusted to the service rendered to users, the Sanitary
District shall base its charges not only on the volume, but also on the strength and character of
the stronger than normal domestic sewage and wastes which it is required to treat and dispose
of...” This rate was set at $0.52 per pound of TSS exceeding 225 mg/L and $0.52 per pound of
BOD exceeding 200 mg/L (Ord. 93-2002).
High strength wastewater is derived primarily from the 14 permitted Industrial Users, however,
there are a few Commercial Users whose discharge meets the high strength waste criteria.
The rate for Industrial Surcharge (high strength) waste is determined by a formula distributing
O&M costs of running the Treatment Facility across pounds of TSS and BOD.
Purpose
The Richmond Sanitary District, following Chapter 53.10, has evaluated the Industrial Surcharge
rate for liquid wastewater. Through its analysis of the formula for the current rate as well as the
strengths of wastes discharged as seen through both the Richmond Sanitary District’s oversight
testing and the required testing of permitted entities, the District would like to establish a “Bulk
User” rate. The idea is that certain portions of the O&M costs of the formula, such as natural
gas use or disinfection chemical use within the District, do not increase after a certain threshold
of the high strength waste. The bulk rate is being proposed to assist large, high strength
dischargers currently, or in the future, using the District’s collection system and treatment
process. The bulk rate is being proposed to update Chapter 53.16.
Data
Below are tables depicting current Industrial Surcharge rates and the proposed bulk Industrial
Surcharge rate as well as the criteria that will define a “bulk” user.
The assigned surcharge rate will be evaluated through the annual amount of BOD +
TSS periodically reported to the Richmond Sanitary District
Tier Combined Annual Total
BOD + TSS (lbs.)
1 (Standard) - < 250,000
2 (Bulk) >250,000
The individual rate category will be established each calendar year (January thru
December) based upon the total pounds of BOD and TSS the Richmond Sanitary
District processed during the previous 12-month period. The category will be evaluated
after the 15th of January; and applied to the next quarterly (Jan, Feb, Mar) surcharge
invoice.
Tier BOD
per pound treatment
rate
TSS
per pound treatment
rate
1 0.52 0.52
2 0.31 0.31
Richmond Sanitary District
2021 Liquid Waste Hauler Analysis
Background
The Richmond Sanitary District allows liquid wastewater, classified as sludge, septic tank,
grease trap, or leachate, to be disposed of at the Treatment Plant under the provisions set forth
in Richmond City Code Chapter 54.35. The rate for liquid wastewater discharge is set forth in
Richmond City Code Chapter 53.17, stating that, “Waste from septic tanks, waste from grease
traps and treatment plant residuals (industrial or municipal) shall be charged at a rate per 100
gallons to be set from time to time by Common Council. (Ord. 42-1991).” The last time this rate
was set was in December of 1996.
Hauled liquid wastewater is derived primarily outside of the District’s boundaries. Septic tank
waste generally come from surrounding communities within the county and neighboring
counties. Grease trap waste has a few sources within the District and/or county, but is primarily
from more distant communities such as Dayton and Indianapolis. That this waste comes from
distant sources is likely due to the District’s low rate and the fact that not many wastewater
treatment plants accept grease. Sludge waste is primarily sourced from local industries.
Leachate come from neighboring landfills such as those in Randolph, Jay, and Hendricks county
Indiana. This waste’s distant source is explained in the same manner as that of grease traps.
The rate for hauled liquid waste is determined by a formula factoring in the both the current
Commercial rate of wastewater and the high strength, Industrial surcharge rate. Since 1996,
both the Commercial rate of wastewater treatment and Industrial surcharge have changed,
however, the liquid wastewater rate went unchanged.
Purpose
The Richmond Sanitary District, following Chapter 53.17, has evaluated the 26 year old rate for
liquid wastewater. The District samples, and analyses, wastewater of liquid wastewater hauled
into the facility. The District used the current average strength (BOD + TSS) of these wastes, and
placed this value into the current rates for commercial wastewater treatment and industrial
surcharge. The 1996 rates were separated into three categories, Septic (gray water), Grease,
and Sludge. As these categorizations do not always fit the manner in which the waste is treated,
the District averaged the updated rates into a single rate. This single rate is being proposed to
update Chapter 53.17.
Data
Below are tables depicting current commercial wastewater and industrial surcharge rates,
current and proposed hauled liquid wastewater rates, a comparison of hauled liquid
wastewater rates from neighboring facilities, and a breakdown of current volumes of hauled
liquid wastes received.
Commercial Wastewater
Treatment rate per
1,000 gallons per month
Industrial Surcharge (high strength waste with BOD
in excess of 200 mg/L and TSS in excess of 225
mg/L)
$5.25 $0.52/pound of BOD $0.52/pound of TSS
Type of Liquid Waste Current Rate/100
Gallons
Proposed Rate/100
Gallons
Septic Tank $3.50 $9.61
Sludge $5.25 $9.61
Oil and Grease $7.00 $9.61
Leachate $3.50 $9.61
Facility In District
Rate/100 Gallons
Out of District
Rate/100 Gallons
Notes
New Castle $13.16 $13.16 2019 Rate: Only
Accepts Septic
Muncie $6.00 $6.00 2018 Rate: Only
Accepts Septic
Evansville $8.30 $8.30 2020 Rate
Terre Haute $8.00 $20.00 2020 Rate
Connersville $5.00 Does Not Accept 2022 Rate: Only
Accepts Septic
Merrell Brothers
(Indianapolis)
$11.60 $11.60 2022 Rate
Anderson $14.00 Does Not Accept 2020 Rate
Type of Waste 2019 Gallons
Received
2020 Gallons
Received
2021 Gallons
Received
Septic Tank 1,517,336 1,763,152 1,967,933
Sludge 286,009 210,151 265,065
Oil and Grease 126,639 118,356 92,803
Leachate 2,406,600 12,168,916 9,094,674
2019 Revenue
Received
2020 Revenue
Received
2021 Revenue
Received
Septic Tank $53,106.77 $61,710.33 $69,709.10
Sludge $15,015.45 $11,032.94 $13,817.51
Oil and Grease $8,864.76 $8,284.92 $6,569.70
Leachate $84,231.00 $425,912.07 $322,036.46