HomeMy Public PortalAbout1983 - Burns & McDonnell Sewer Rate Study 7
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Sewer Rate Study
Department of Public Works
City of Jefferson, Missouri
1983
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83-035-4
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Sewer Rate Study
Department of Public Works
City of Jefferson, Missouri
JO 1983
83-035-4
Burns&McDonnell
EHGIEERS-ARCHITECTS-COHSUUANTS
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Burns &McDonnell
11/ ENGINEERS-ARCHITECTS-CONSULTANTS
July 21, 1983
City of Jefferson, Missouri
Mr. Thomas B. Jones, P.E.
Wastewater Utilities Superintendent
Department of Public Works
320 East McCarty
Jefferson City MO 65101
Sewer Rate Study
Project 83-035-4
Dear Mr. Jones:
We present herewith the Sewer Rate Study for the Department of Public Works
in accordance with our Agreement for Professional Engineering Services
dated March 7, 1983.
We recommend a general sewer rate increase to all customers to provide
revenue necessary for present levels of service and improvements to the
sewer system. This will enable the Department of Public Works to provide
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adequate service to their sewer system.
The rate structure recommended involves successive step increases over a
period of five years. This will allow for the current economic needs of
the customers as well as the cash needs of Department of Public Works.
The first adjustment should be made for FY84, with step increases through
FY88.
We wish to thank the Department of Public Works for their cooperation and
assistance in providing information and input during the preparation of
this study.
Sincerely,
OfIMIss� BURNS & McDONNELL
111.41.11. AC,f0' 'Z
w STEPHEN A. Id+- Stephen A. Yonker, P.E.
=CI YONKERI= Project Manager
�`. NUMBER izE
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;RafESS���'�``` Peter D. Zanoni, P.E.
"O1Iii$I%t Project Engineer
4800 EAST 63r0 STREET.PO BOX 173 KANSAS CITY.MISSOURI 64141 • TEL 816-333-4375 TWX 910-771.3059
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SUMMARY
A. GENERAL
The City of Jefferson, Missouri Department of Public Works must receive
gross revenues sufficient to furnish good service, assure proper sewer
maintenance and replacement and provide for system growth to keep pace with
the community. Revenue in the past has been derived from sewer user
charges, which are based on the total metered water usage of each customer.
Historical data for recent cash requirements are adjusted in order to
determine the amount of revenue required to serve the customers adequately.
Projections of future revenues and cash requirements are based upon a rate
• of system growth and water usage comparable to past records and experience.
B. REVENUE REQUIRED
Sewer rates have been designed to meet cash needs for the next five years.
Anticipated cash requirements are summarized as follows:
1 . OPERATION AND MAINTENANCE
Operation and maintenance costs have increased from $399,445 in FY79 to
an estimated $1 ,239,900 in FY84. The FY84 estimate includes
administrative costs, debt expense and minor capital improvements which -
are not included in the FY79 figure. Some of this increase is due to
the expense for operation and maintenance of the new secondary
wastewater treatment facilities which began operation during FY80.
JEFFS.SRS S-1
•
Escalating costs have also contributed to this increase. As estimated
in this study, operation and maintenance expenses are projected to
increase to $1 ,733,900 by FY88, an increase of about 40 percent in five
years.
2. DEBT SERVICE
The Sewer Revenue Bonds are currently the only debt service financed by
sewer user charge revenues. However, the City does anticipate issuing
an additional $600,000 of unsold revenue bonds during the study period
for sewer extensions and/or improvements. Charles and Trauernicht, the
Owner' s bond counsel has indicated that the unsold bonds, if issued
alone, may be used for these types of improvements (see Appendix). The
annual principal and interest payments for the existing bonds will vary
from $324,700 to $328,800 over the next five years, while debt service
for the future bonds will be approximately $31 ,800 for the first
$300,000 of bonds sold, and $63,600 for all $600,000 of bonds sold.
3. BOND RESERVE ACCOUNTS
The bond covenant for the existing revenue bonds requires annual
payments be made to various accounts until the accounts reach specified
maximums. The Depreciation Account, Contingent Account, Revenue Bond
Reserve and Revenue Bond Payment Accounts have been maintained at the
' required maximum levels ($390,000) , so no additional payments to these
reserve accounts will be necessary. However, in the future, the City
has the option of placing any surplus in operating revenues in the O&M
4
S-2 JEFFS.SRS
• F.
1
Account, Extension and Improvement Account and Revenue Redemption
Account.
4. MAJOR CAPITAL IMPROVEMENTS/EXTENSIONS
The Department of Public Works has developed a capital improvement plan
' which includes improvements such as sewer extensions. Rate Schedule B
is developed in this study to fund this major capital improvement plan
and includes an estimated $300,000 per year capital improvement cost for
FY84 through FY88.
5. PROJECTED OPERATING REVENUE REQUIREMENTS
Operating revenue is the total revenue derived from user charges. The
required operating revenue is determined by subtracting nonoperating
111/0 revenue (approximately $50,000 per year during the study period) from
the total revenue required. The FY84 through FY88 projected operating
revenue requirments are shown below:
Item FY84 FY85 FY86 FY87 FY88
Operation & Maintenance $1 ,239,900 $1 ,374,400 $1 ,481 ,100 $1 ,600,200 $1 ,733,900
Debt Service 356,500 359,300 388,600 390,700 392,400
Reserve Accounts 0 0 0 0 0
Major Capital
Improvements/Ext. 0 0 0 0 0
Total Revenue Required $1 ,596,400 $1 ,733,700 $1 ,869,700 $1 ,990,900 $2,126,300
Less Nonoperating Income < -50,000> < -50,000> < -50,000> < -50,000> < -50,000>
Operating Income Required $1 ,546,400 $1 ,683,700 $1 ,819,700 $1 ,940,900 $2,076,300
4
JEFFS.SRS S-3 •
1 C. ALTERNATIVE RATE SCHEDULES
Alternative rate schedules are presented in Table S-1 for consideration by
the City. Rate Schedule A is based on the best available information
concerning the most appropriate distribution of costs to the various
customer groups. In Rate Schedule A, there is a significant increase in the
existing minimum charge (approximately 76 percent increase) for FY84. The
increase is mostly due to the cost of treating infiltration/inflow which is
most equitably distributed equally to all customers through the minimum
charge. This is because the amount of infiltration/inflow in the City sewer
system is not related to the volume of wastewater contributed by a customer.
The volume charge, which is based on each customer's actual contribution of
wastewater, must also be increased by approximately 7 percent to meet FY84
revenue requirements.
Rate Schedule B is identical to Rate Schedule A, except that $300,000 per
year for major capital improvements, such as sewer extensions is included in
the rate computations.
Table S-1
ALTERNATIVE RATE SCHEDULES
1 . RATE SCHEDULE A FY84 FY88
a. Service Charges
(1 ) Minimum Charge $2.82 $3.32
(2) Volume $0.61/100 c.f. $0.81/100 c.f.
b. Surcharge Rates
(1 ) BOD $0.071/1b $0.104/lb
(2) SS $0.128/1b $0.182/lb
2. RATE SCHEDULE B
a. Service Charges
(1 ) Minimum Charge $3.59 $4.03
(2) Volume $0.71 /100 c.f. $0.91/100 c.f.
b. Surcharge Rates (Same as Schedule A)
S-4 JEFFS.SRS
1.
AO D. FUTURE REVENUE BONDS
It has already been stated that additional principal and interest payments
for the anticipated sale of $600,000 of unsold revenue bonds have been
incorporated into the rate schedules. If the City should desire to sell
bonds in addition to these, certain conditions must be met as stipulated in
the existing bond convenants. One of importance to rate schedules is the
requirement of a debt service coverage factor of 135 percent. This is
determined by subtracting operation and maintenance expenses from total
revenues and dividing that amount by existing plus future bond principal and
interest payments. Based on the projections of revenues and expenses
presented in this study, there should be adequate debt service coverage to
permit the City to issue additional bonds with annual principal and interest
payments totalling as much as $90,000 to $100,000.
* t r t t
1111
JEFFS.SRS S-5
4
41111 INTRODUCTION
A. PURPOSE
The purpose of this study is to determine what adjustments to the existing
Jefferson City sewer rates, if any, are necessary to ensure that the
Department of Public Works will have adequate revenues during the next five
years for proper operation, maintenance, and improvements to the system.
This study will also consider the equity of the rate structure so that each
sewer user is required to pay only their fair share of the required charges.
B. SCOPE
The scope of this study includes:
1 . Compile flow and quality records for the Jefferson City Water Pollution
Control Plant.
2. Develop current and five-year projections of customer water consumption
and number of accounts.
3. Compile historical cost records over last five years, including
operation, maintenance, debt service, bond reserve accounts, capital
improvements and sewer revenues.
JEFFIN.SRS IN-1
1 4. Compare existing customer billing method with other available methods.
5. Conduct a survey of other communities and utilities to evaluate methods
of financing capital improvements such as sewer extensions, relocations
and modifications.
6. Work with Owner's bond counsel in reviewing Owner's accounting records
•
to determine how funds are being collected, distributed and accounted
for. Review bond ordinances and covenants with Owner's bond counsel for
general conformance or nonconformance and determine feasibility of sale
and use of unsold bonds for extensions and improvements to the sanitary
sewer system.
7. Develop current and five-year projections of revenue requirements and
costs for operation, maintenance, debt service, bond reserve accounts
and capital improvements.
8. Develop a rate structure consisting of a minimum monthly charge and a
unit volume charge based on metered water usage.
9. Develop surcharge rates for high-strength users based on BOD and SS.
4
IN-2 JEFFIN.SRS
IIN
/1110 PART I
ELEMENTS OF SEWER RATE DETERMINATION
A. GENERAL
The aim of a satisfactory rate is the equitable distribution of sewer
service costs among the various consumers so that each pays their fair share
for the service received. Proper determination of such a rate requires a
comprehensive study involving: (1 ) revenue requirements, (2) classification
of costs and their proper allocation to consumers, (3) design of the rate
schedule, and (4) testing of the adequacy of the proposed rates over a
reasonable period when they will be in effect.
• B. REVENUE REQUIRED
110 Two bases for the determination of revenue have been used widely, and each
has its particular field of application. They are referred to as the
"utility" basis and the "cash" or "budget" basis. The utility basis is
applicable to investor-owned utilities which are entitled to earn additional
return for profit on their investment. The cash basis is used for
publicly-owned utilities since the consumers or rate payers are also the
owners of the system. For purposes of this study, total revenue
requirements are determined on the cash basis.
•
Under the cash basis, the required revenue must simply meet the cash
requirements as they fall due. Cash requirements are based on estimates
supported by operating experience and knowledge of future needs. The items
111/1 JEFF1 .SRS I-1
to be included in the determination of cash requirements include operation
and maintenance expense, debt retirement expense, and minor capital
improvements (purchase of vehicles and equipment, purchase and improvement
of buildings/land and sewer replacement) which are normally financed with
current revenues. Optional items such as appropriations for major capital
improvements/extensions, accelerated bond retirement, and contingency
reserve accounts may also be included. Gross revenues are obtained from
operating revenues derived through the rate schedules plus additional
nonoperating income collected from various sources.
The usual manner of determining cash requirements is to use a recent period
of operation during which all expenses and statistics are known.
C. CLASSIFICATION AND ALLOCATION OF COSTS
Costs must be properly allocated into various components in order to arrive
at an equitable rate structure. Billing and collection costs include those
arising out of the labor and accounting expense required for sewer billing.
These costs are divided equally among all users according to billing
frequency. The remaining costs, including operation and maintenance, debt
service, etc. are allocated to three major cost components: flow, BOD and
suspended solids. For example, costs related to the collection of
wastewater, such as electrical power for pump stations and sewer maintenance
expense, are allocated to flow since the costs are a function of the amount
of wastewater flow. BOD is a measure of the pollution strength of
wastewater. Costs such as electrical power for secondary treatment are
closely related to the amount of BOD in the wastewater. These costs are
I-2 JEFFI .SRS
accordingly allocated to BCD. Suspended solids (SS) concentrations in
wastewater affect the quantity of sludge to be treated and disposed. Thus,
costs related to sludge treatment, for example, are allocated to SS. Each
item of expense can be allocated to one or more of these parameters.
D. RATE SCHEDULES
The collection of charges allocated to the various users is accomplished by
means of one or more rate schedules arranged to obtain the proper revenue
from each customer. Most sewer rates consist of a two-part schedule which
includes a fixed minimum base charge and unit volume charge. The base
charge is designed to recover costs which are not a function of system
usage. Billing and collection costs are an example since the cost for
' billing a small volume user is the same as that for a large volume user.
Billing and collection costs are approximately equivalent for all City
customers. The cost for collection and treatment of infiltration/inflow is
another example.
The volume charge is based on system usage which is derived from water
consumption. The volume charge is designed to recover costs which vary with
system usage, such as electrical costs for pumping. The volume charge
normally includes costs for treating normal strength wastewater. Customers
whose wastewater has higher than normal strength characteristics are
required to pay a surcharge which is designed to recover the extra costs
associated with treating high strength BCD or SS.
S
JEFF1 .SRS. I-3
' E. PROJECTION OF REVENUES AND COSTS
The final step in rate analysis is to test the proposed schedule against
possible changes in future conditions to determine if revenues will remain
adequate and proper for a reasonable period. Projections of historical
trends in growth, usage, and costs of service may indicate a desirable
economic condition through the years. However, the effect of possible
deviations from such trends should be studied periodically so that
appropriate adjustments can be made in the rate schedule if they appear
advisable.
* * * * *
S
•
411
I-4 JEFFI .SRS
4
PART II
REVENUE REQUIRED
A. GENERAL
Gross revenues must cover the City's sewer system cash requirements. The
computation of required gross revenues includes providing for operation and
maintenance expenses, debt service for past and proposed improvements, and
capital improvements that are to be paid from current revenues.
The City can receive revenues from various sources in addition to those
obtained from sewer user charges. For the purposes of this rate study, all
such revenue, defined as "nonoperating income," is interest income generated
JII from Bond Reserve Accounts. All revenues derived from the sewer user
charges is defined as "operating income." Gross revenue (the sum of
nonoperating income and operating income) must cover the City's cash
requirement.
B. OPERATION AND MAINTENANCE EXPENSE
1 . HISTORICAL -
Historical operation and maintenance (O&M) expenses are subdivided by
the Department of Public Works into four major classifications:
o Personal Services (Classification 100)
o Commodities (Classification 200)
o Contractual Services (Classification 300)
o Capital Improvements (Classification 400)
1
JEFF2.SRS II-1
111 Personal services expenses includes items such as salaries, life and
health insurance, car allowance, retirement fund, workers compensation
and unemployment compensation.
Commodities expenses includes items such as lights, heat, phone,
operational and office supplies, building, grounds and equipment
maintenance, chemicals, power and collection system maintenance.
Contractual services expenses includes items such as dues and
publications, general insurance, audit, professional services,
maintenance agreements, medical, meetings and conferences, training and
education, and bad debt expense.
Capital improvement expenses includes items such as a vehicle and
equipment purchase, purchase and/or improvements of buildings and land,
service system replacement and rehabilitation.
These O&M expenses for fiscal years 1979 through 1982 are shown in Table
II-1 .
111
II-2 JEFF2.SRS
Table II-1
HISTORICAL OPERATION AND MAINTENANCE EXPENSES
Fiscal Personal Contractual Capital
Year Services Commodities Services Improvements Total
1979* $165,846 $200,469 $33,130 $ 0 $ 399,445
1980* 209,275 277,409 46,085 307,161 630,655
1981* 302,119 352,818 90,254 83,079 828,270
1982** 335,590 289,265 72,015 166,750 863,620
1983*** 365,370 358,730 111 ,050 58,450 893,600
*Actual Expenses -
**Budgeted Expenses
***Proposed Expenses
2. PROJECTED
Based on information provided by the Department of Public Works,
operation and maintenance expenses are projected for a five-year period
(FY84 thorugh FY88). The results of these annual 0&M expense
projections are tabulated in Table II-2 and shown in Figure II-1 through
II-4.
Table II-2
PROJECTED OPERATION AND MAINTENANCE EXPENSES
Fiscal Personal Contractual Capital
Year Services Commodities Services Improvements Total
1984 $435,200 $428,200 $116,500 $260,000 $1 ,239,900
1985 514,400 472,800 122,200 265,000 1 ,374,400
1986 558,200 524,600 128,300 270,000 1 ,481 ,100
1987 605,800 584,600 134,800 275,000 1 ,600,200
1988 657,600 654,700 141 ,600 280,000 1 ,733,900
All Personal Services expenses are escalated at 10 percent per year
except employee salaries which is escalated at 8 percent per year. In
addition, the Department of Public Works requested that expenses for two
additional employees expected to be added in FY84 and FY85, be included
•
JEFF2.SRS II-3
in the projection. An average salary of $14,500 per year excluding
benefits is the basis for this additional expense.
All Commodity expenses, with the exception of power costs, are escalated
at approximately 5 percent per year. Expected power cost trends
provided by the Department of Public Works include an immediate
estimated 50 percent increase in FY84 and an estimated 20 percent per
year increase thereafter to FY88. The significant increase in power
cost is mostly attributable to a higher commercial/industrial rate
(rather than the current municipal rate) that the City may be required
to pay beginning in FY84.
All Contractual Services expenses are escalated at 8 percent per year
through FY88.
Capital Improvement expense projections were estimated by the Department
of Public Works to attain adequate levels of funding for vehicle and
equipment purchase, sewer replacement and purchase/improvements of
buildings and land. Projected expenses begin at $130,000 for FY84 and
increase to $150,000 for FY88. In addition, the City Finance Department
recommends funding a new sewer rehabilitation account which will offset
wastewater facility depreciation. The amount of the rehabilitation
account is determined by subtracting the amount of the principal payment
for the Sewer Revenue Bonds and the sewer replacement cost from the
yearly depreciated value of the wastewater facilities. Based on
1110 historical data, the new sewer rehabilitation account is projected to be
1
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'I ; . •i ' .. ; , PERSONAL SERVICES
0 1 ' CLASSIFICATION 100
79 80 81 82 83 84
Fiscal Year
• - - - . . ._________________
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S
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Figure 11-2
t . I . . • . .1 .' . '' •.:: :; : i.; , !::: !:!, :•!:' : .: :':: ,.:: ::I• '•' ' " ' • .'
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1
! " •• ' ' . '.. :'i1.1: ' '• .':' •!: .1. COMMODITIES
CLASSIFICATION 200
0 i
79 80 81 82 83 84
Fiscal Year
• •
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0 i
85 86 87 88
79 80 81 82 83 84
Fiscal Year
Historical Expense
Projected Expense
Figure 11-3
Barns&McDonnell CONTRACTUAL SERVICES
CLASSIFICATION 300
i • - -1. •
1111 •
400.000 • 1: I , I ' 1 i.' ' I1,1;1: i t, i'I I . I
1 1 I t 11 it -hi. !: 1,1Thji �i,1
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0 t I
I r t
79 80 81 82 83 84 85 86 87 88
Fiscal Year
Historical Expense
Projected Expense
Figure 11.4
BonuaMcDonwll CAPITAL IMPROVEMENTS
.�. �.�.� CLASSIFICATION 400
funded at a level of $130,000 per year. This account will be used for
upgrading and improving the existing collection and treatment
facilities.
C. DEBT SERVICE
Major improvements to the City's wastewater system have generally been
financed through issuing revenue bonds. The annual debt service on existing
bond issues for the period of this rate study is shown in Table II-3. The
complete annual debt" service payment schedule is included in the Appendix of
this report.
Table II-3
EXISTING DEBT SERVICE
Fiscal Year Debt Service Amount
1984 $324,700
1985 327,500
1986 325,000
1987 327,100
1988 328,800
In addition to the existing debt service, the Department of Public Works
indicates that $600,000 of unsold sewer revenue bonds will be utilized for
extensions and improvements to the City sewerage system during the period of
this study. One-half of the bonds were assumed to be sold within the first
two years of the study and the remaining bonds sold in the next two years
thereafter. The estimated additional annual debt service on the future bond
issue is shown in Table II-4.
JEFF2.SRS II-5
1
Table II-4
FUTURE DEBT SERVICE
Fiscal Year Debt Service Amount*
1984 $31 ,800
1985 31 ,800
1986 63,600
1987 63,600
1988 63,600
*Based on 30-year bond repayment period (assuming bonds are sold in FY 1983
and paid in full in FY 2013) and a 10 percent interest rate.
D. BOND RESERVE ACCOUNTS
Bond reserve accounts are required by the bond covenant which stipulates
that annual payments be deposited in reserve accounts until the accounts
reach a specified maximum amount. The cash balance figures for each reserve
Jaccount according to the City auditor's report for the fiscal year ending
October 31 , 1982, are shown in Table II-5•
Table II-5
SEWER RESERVE ACCOUNTS
Reserve Retained
Account* Restricted Assets Earnings
Sewer O&M $ 0 $ 0
Sewer Revenue Bond 53,575.02 0
Sewer Contingent 25,000.00 25,000.00
Sewer Depreciation 50,000.00 50,000.00
Sewer Revenue Bond Reserve 315,000.00 315,000.00
Sewer Extension & Improvement 0 0
Sewer Revenue Redemption 0 0
*Reserve accounts established under Section 7 of Jefferson City, Missouri
Ordinance 8324.
The Depreciation Account, Contingent Account, Revenue Bond Reserve and
1111 Revenue Bond Payment Account have been maintained at the required maximum
•
II-6 JEFF2.SRS
4111
levels. The 0&M Account, Extension & Improvement Account and Revenue
Redemption Account show no current balance of retained earnings, but the
City has the option of making payments to these accounts with surplus
operating revenues.
E. MAJOR CAPITAL IMPROVEMENTS/EXTENSIONS
Rate Schedule A, as developed in Part V of this report, does not include any
improvement cost for major capital improvements or extensions. However, the
Department of Public Works has asked that an alternate schedule be developed
(Rate Schedule B) to include an estimated $300,000 per year major capital
improvement cost.
F. NONOPERATING INCOME
Nonoperating income is income from sources other than sewer-user charges
such as interest from funds on deposit or income received from industrial
pretreatment monitoring and testing fees. Approximately $50,000 per year of
interest income from Bond Reserve Accounts is included as nonoperating
income during the period of this study.
G. SUMMARY OF REVENUE REQUIREMENTS
A summary of the revenue requirements which are the basis for the rate study
is shown in Table II-6.
• V
JEFF2.SRS II-7
111
Table II-6
REVENUE REQUIREMENTS
Item FY84 FY85 FY86 FY87 FY88
Operation and
Maintenance** $1 ,239,900 $1 ,374,400 $1 ,481 ,100 $1 ,600,200 $1 ,733,900
Debt Service* 356,500 359,300 388,600 390,700 392,400
Reserve Accounts 0 0 0 0 0
Major Capital
Improvements/Ext. 0 0 0 0 0
Gross Revenue
Required 1 ,596,400 1 ,733,700 1 ,869,700 1 ,990,900 2,126,300
Less
Nonoperating
Income <-50,000> <-50,000> <-50,000> <-50,000> <-50,000>
Operating Income
Required $1 ,546,400 $1 ,683,700 $1 ,819,700 $1 ,940,900 $2,076,300
*Includes additional debt service on $600,000 of unsold revenue bonds.
**Includes cost of billing/collection.
3
•
• 1
II-8 JEFF2.SRS
11/ PART III
CLASSIFICATION AND ALLOCATION OF COSTS
A. GENERAL
The expenses developed in Part II must be allocated to individual consumers.
As previously noted, these costs must be divided into several groups
including billing and collection, flow, biochemical oxygen demand (BOD) and
suspended solids (SS). BOD and SS are parameters which measure the strength
or concentration of pollutants in wastewater.
B. BILLING AND COLLECTION
Billing and collection cost are readily available from audits of the Sewer
Fund. They are separated from other costs since this expense is divided
equally among all users and included in the minimum charge.
Based on our evaluation of the billing and collection costs, it is
recommended that the Department of Public Works continue with the current
billing and collection method. The combined water/sewer bills handled
through Capital City Water Company provides the most cost-effective method
for the City to bill sewer system users. For example, using current billing
methods, the City' s cost per bill is approximately $0.30. This compares
with billing costs in other communities which average approximately $1 .00
per bill.
1 1
JEFF3.SRS III-1
C. OPERATION AND MAINTENANCE
Other categories of operation and maintenance expense, including personal
services, commodities, contractual services and capital improvements are
allocated to the cost components of flow, BOD and SS.
Personal Services expenses are allocated to either a collection system
category including pump stations and sewers which are strictly flow-related
allocations or to treatment which is allocated to flow, BOD or SS. These
allocations are based on an estimated division of City personnel responsible
for either collection system and/or treatment.
Most commodities expenses, such as collection system maintenance and pumping
system maintenance, are allocated to flow only. It is most equitable to
charge these costs to users in proportion to the total wastewater flow
contributed to the system. However, other commodities are allocated to
flow, BOD, and SS. For example, since the use of chemicals is related to
sludge dewatering, these costs are allocated to SS.
All Contractural Services expenses are allocated to flow with the exception
of a maintenance agreement classification which is allocated to flow, BOD
and SS components.
Capital Improvements expenses are all allocated to flow, SS and BOD
components with the exception of sewer rehabilitation. Sewer rehabilitation
is allocated to flow only since this cost is related to maintenance of the
• V
III-2 JEFF3.SRS
' collection facilities. Again, it is most equitable to charge this cost to
users in proportion to total wastewater flow contributed to the system.
D. DEBT SERVICE
Debt service is allocated to flow and SS cost components in proportion to
the total construction costs of the various facilities financed by the bond
issue. For example, a portion of the debt service was used to finance
construction of pump stations and sewers. This amount is accordingly
allocated to flow. The remaining debt service cost is allocated in a
similar manner. However, no existing debt service is allocated to BOD since
the City's share of the cost for secondary treatment facilities was financed
by revenue sharing funds and not part of the existing debt service. The
secondary treatment process is the only treatment process which contributes
to the BOD cost allocation.
E. BOND RESERVE ACCOUNTS
Amounts deposited to bond reserve accounts are normally allocated in
proportion to the allocation of debt service costs. Since all accounts are
currently at maximum levels, no cost allocations- are required.
F. COST ALLOCATION SUMMARY
Table III-1 summarizes the allocation of costs as described above.
Projected FY84 costs are shown in Table III-1 .
•
JEFF3.SRS III-3
4110
Table III-1 •
SUMMARY OF COST ALLOCATIONS
(FY84)
Total
Cost Item Amount Flow SS BOD
1 . Operation and Maintenance
a. Billing and Collection $ 38,900 -- -- --
b. Personal Services 435,200 246,800 104,100 84,300
c. Commodities 428,200 226,000 122,900 79,300
d. Contractual Services 77,600 70,700 3,800 3,100
e. Capital Improvements 260,000 204,200 29,800 26,000
2. Debt Service
a. Existing 324,700 276,900 47,800 --
b. Future 31 ,800 27,200 4,600 --
3. Bond Reserve Accounts 0 -- -- --
4. Nonoperating Income <-50,000> <-36,300> <-8,400> <-5,300>
FY84 Totals $1 ,546,400 $1 ,015,500 $304,600 $187,400
III-4 JEFF3.SRS
PART IV
CONSUMER ANALYSIS
A. WATER USAGE
1 . HISTORICAL
An analysis of water consumption records is necessary to determine rate
schedules and to estimate future revenues. Based on historical data,
water consumption by sewer users for FY82 is as follows:
Table IV-1
WATER CONSUMPTION
(FY82)
User Consumption (c.f.)
1 . Capital City Water Company
a. Residential 57, 118,000
b. Commercial 51 ,720,900
c. Industrial 11 ,095,200
d. Public Authority 1 ,219,500
2. Cole County W.D. Nos. 1 & 2 15,660,800
3. Cedar City 1 ,059,900
4. Callaway County W.D. No. 1 2,820,700
5. Capitol Complex 4,565,500
6. Prison 41 ,477,300
7. Others* 510,000
Total 187,247,800
*Includes St. George Laundry, Coca-Cola and Central Dairy.
1111 JEFF4.SRS IV-1
•
Capital City Water Company residential customers are billed monthly and
the water usage shown in Table IV-1 is winter usage (January, February
and March) . This means residential customers are not billed for sewer
service for seasonal water usage such as car washing and lawn watering
which is not discharged into the sewer. The sewer user charge for the
entire year is based on water used from January through March.
User charges for commercial and industrial customers are based on
current water usage. No seasonal adjustment is made as in the case of
residential customers.
2. PROJECTED
No significant increase or decrease in water consumption by most major
users is anticipated. However, Cole County Water District Nos. 1 and 2
are projected to increase water consumption by 2 percent per year and
other user data is adjusted slightly due to historical trends.
Therefore, the consumption data shown in Table IV-2 shall be used for
establishing rates and projecting revenue throughout the study period.
Table IV-2
PROJECTED WATER CONSUMPTION
(F184-FY88)
Fiscal Year Total Consumption (c.f. )
1984 187,995,600 1
1985 188,347,100 2 g
oil A
1986 188,698,600
1987 189,050,100
1988 189,401 ,600
IV-2 JEFF4•SRS
B. SEWER USER ACCOUNTS
1 . HISTORICAL
The number of user accounts is shown below in Table IV-3:
Table IV-3
SEWER. USER ACCOUNTS
(FY76-FY83)
Fiscal Year Number of Monthly Accounts
1976 8,914
1977 9,224
1978 9,393
1979 9,792
1980 9,943
198110,204
1982 10,400
3 1983 10,561
2. PROJECTED
Based on the slight increasing trend in the historical monthly sewer
user accounts, a 2 percent per year increase is expected during the
period of this study. Therefore, the figures used in calculating rates
and projecting revenues are shown in Table IV-4.
Table IV-4
PROJECTED SEWER USER ACCOUNTS
(FY84-FY88)
•
Fiscal Year Number of Monthly Accounts
1984 10,770
1985 10,990
1986 11 ,210
1987 11 ,430
1988 11 ,660
JEFF4.SRS IV-3
1111 C. COLE COUNTY REGIONAL SEWER DISTRICT
The Cole County Regional Sewer District will discharge to the City's
treatment plant starting in January of 1984. In accordance with the City's
wastewater contract with the District, the maximum average volume of
wastewater that the City agrees to receive is 600,000 gallons per day over a
period of one year. (This wastewater flow from the District will be metered
at a Meter and Sampling Station.) For purposes of this study, the
District's metered flow is assumed to average 300,000 gallons per day.
D. HIGH-STRENGTH USERS
At this time, there are no industrial users who discharge high-strength
wastewaters. However, since it is more expensive for the City to treat
high-strength wastewater, it is necessary to establish a rate structure
which adequately recovers these additional costs in the event discharges
exceed accepted values for normal strength wastewater. This is accomplished
by establishing surcharges for high-strength users. Under the existing
ordinance, wastewater is considered to be high strength if either BOD
concentration exceeds 250 mg/1 or SS exceeds 300 mg/l. These limits are
high enough to exclude those users with wastewater strength only marginally
stronger than normal wastewater.
E. TREATMENT PLANT FLOWS AND LOADINGS
The historical record of treatment plant flows and loadings is an essential
factor in developing sewer rates. Flow records and concentrations of BOD
and SS taken from monthly wastewater plant data sheets are summarized in
Table IV-5•
IV-4 JEFF4.SRS
The total flow rates shown in Table IV-5 include the volume of wastewater
discharged to the system by sewer customers, and infiltration/inflow.
Infiltration/inflow is flow entering a sewer system from sewer defects such
as cracked pipe, offset joints and leaking manhole lids. Sources of
infiltration/inflow include ground-water and storm-water runoff.
Table IV-5
WASTEWATER FLOW AND LOADINGS
Fiscal Flow BOD SS
Year (MGD) (mg/1) (mg/1)
1979 4.99 --- ---
1980 6.12 160 119
1981 5.80 148 139
1982 6.60 161 147
1983* 5.80 121 125
*Two-month period only.
Based on this historical data, wastewater flow has averaged 5.876 MGD. The
portion of this which is infiltration/inflow can be estimated by subtracting
the total metered water usage from this figure. By this method,
infiltration/inflow has averaged approximately 2.04 MGD. In addition,
average values for BOD and SS are 148 mg/1 and 133 mg/1, respectively.
* * * * *
411/1
JEFF4.SRS IV-5
PART V
RATE SCHEDULES
A. GENERAL
An equitable rate schedule should charge each user of the sewer system
•
according to the total cost of serving the customer. A two-part basic
schedule is necessary to accomplish this goal. In addition to the basic
schedule, surcharge rates are necessary to recover additional costs for
treating wastewater from future customers whose strength characteristics are
higher than normal levels.
B. COLE COUNTY REGIONAL SEWER DISTRICT
S The FY84 volume charge computed for Cole County Regional Sewer District
based on their actual metered wastewater flow is $0.40/100 cubic feet. This
charge will escalate each year the same percentage as the rates to City
customers. The volume charge to the District is less than the charge to
City customers primarily for two reasons. First, the charge to the District
is based on actual metered wastewater flow and not water usage. Secondly,
per the City/District wastewater contract, costs such as extensions,
maintenance and repair of sewers, etc. , associated with services rendered to
City customers, but not rendered to the District is excluded in computing
the cost of service to the District.
Assuming an average wastewater flow of 300,000 gallons per day, the
additional revenue obtained (excluding debt service payments) from the
JEFF5•SRS V-1
District is approximately $29,000 for FY84 (6 months only) and $82,000 for
FY88.
In addition, the City' s wastewater contract with the District outlines
monthly , capital recovery payments which are expected to total $23,500 per
year.
C. RATE SCHEDULE A
1 . GENERAL
The total revenue required from City customers and the Cole County .
Regional Sewer District is shown in Table V-1 .
Table V-1
REVENUE REQUIRED FROM CITY CUSTOMERS
(FY84)
Total
Cost Item Amount Flow SS BOD
1 . Billing & Collection $ 38,900 -- -- --
2. Operation & Maintenance 1 ,201 ,000 $ 747,700 $260,600 $192,700
3. Debt Service:
a. Existing 324,700 276,900 47,800 --
b. Future 31 ,800 27,200 4,600 --
c. Sewer District* <-23,500> <-20,000> <- 3,500> --
4. Bond Reserve Accounts 0 -- -- --
5. Major Capital
Improvements/Ext. 0 0 -- --
6. Revenue from Sewer
District* <-29,200> <-18,200> <- 6,300> <-4,700>
7. Nonoperating Income <-50,000> <-36,300> <- 8,400> <-5,300>
FY84 TOTALS $1 ,493,700 $ 977,300 $294,800 $182,700
*Cole County Regional Sewer District.
V-2 JEFF5.SRS
The minimum charge includes the cost of billing and collection. The expense
of treating infiltration/inflow is also best recovered in the minimum charge
for the following reason. The level of infiltration/inflow in the sewer
system is unrelated to the amount of wastewater contributed by an individual
customer. It is most equitable, therefore, for each customer to share
equally the cost of treating infiltration/inflow. By including this cost in
the minimum charge, each customer pays an equal amount for treating
infiltration/inflow.
The remaining costs are based on actual contribution of wastewater to the
system through a volume charge. Sampling discharges from individual users
Down to contribute high strength wastewater may be required in the future.
Surcharges will be based on the results of tests run on these samples. For
110
the purposes of this study, however, it is assumed that there will be no
revenue derived from surcharges for high strength wastewater.
2. SERVICE CHARGES
a. Minimum Charges
The minimum charge includes billing and collection expenses which
total $38,900 for FY84. Infiltration/inflow costs are also
recovered by the minimum bill in the following manner. From Part
IV, infiltration/inflow is approximately one-third of the total
treatment plant flow. Therefore, one-third of the flow costs shown
in Table III-1 are charged to infiltration/inflow. Based on this
111/1 approach, the total projected FY84 cost for collection and treatment
JEFF5.SRS V-3
Iof infiltration/inflow is $325,800. The total costs to be recovered
in the minimum charge is $364,700.
This amount is divided by the total number of customers (10,770) to
determine the total annual charge per customer which is $33.86.
This is equivalent to a monthly charge of $2.82.
b. Volume Charges
The volume charge includes the remaining flow costs (after
infiltration/inflow costs are deducted) as well as the SS and BOD
costs. The amount of BOD and SS costs included is equal to the
portion required for normal strength wastewater. In addition,
arevenue obtained from Cole County Regional Sewer District is also
deducted from the total volume cost. Therefore, the adjusted volume
cost is $1 ,129,071 . This amount is divided by the projected FY84
metered water usage of 3,852,622 gallons/day to determine the final
volume charge.
The volume charge for FY84 is as follows:
o $0.61 per 100 cubic feet
c. Surcharges
Surcharges recover costs for treatment of high strength wastewater.
Utilizing FY84 SS and BOD cost allocations developed in Table III-1 ,
111 the surcharges are computed by dividing the average plant BOD and SS
V-4 JEFF5.SRS
loading into their respective BOD and SS allocated costs. The
results of these computations for high strength surcharges are as
follows:
o BOD: $0.071 per pound
o SS : $0.128 per pound
3. SUMMARY
A summary of Schedule A Rates for FY84 and FY88 are shown below in Table
V-2.
Table V-2
RATE SCHEDULE A
(FY84 and FY88)
Approximate
Increase
Service Charges FY84 FY88 Each Year
(1 ) Minimum Charge $2.82 $3.32 $0.12
(2) Volume $0.61/100 c.f. $0.81 /100 c.f. $0.05/100 c.f.
Surcharges
(1 ) BOD $0.071/lb $0.104/lb $0.008/lb
(2) SS $0.128/lb $0.182/lb $0.013/lb
D. RATE SCHEDULE B
1 . MAJOR CAPITAL IMPROVEMENTS/EXTENSIONS
As requested by the Department of Public Works, Rate Schedule B is
offered as an alternative to Rate Schedule A. Rate Schedule B would
increase rates further to recover costs for major capital improvements
and system extensions. Rate Schedule B would generate additional
revenues of $300,000 per year to finance such costs. For the purposes
JEFF5.SRS V-5
Iof calculating rates, these costs will be entirely allocated to flow in
addition to the other revenue requirements as shown in Table V-1 . Under
Rate Schedule B, the total operating income requirement for FY84 is
$1 ,846,400, and for FY88 is $2,376,300.
Major capital improvements and system extensions include costs for new
collection and interceptor sewers, pump stations and force mains,
relocations of existing sewers resulting from residential or commercial
construction and development, and replacement or expansion of major
equipment. A survey of other municipal sewer utilities was conducted to
evaluate how major capital improvments/extensions are being financed.
Missouri communities included in the survey are:
o Kansas City
o Lee's Summit
o Columbia
o Springfield
o St. Joseph
o Sedalia
The following Kansas communities were surveyed:
o Olathe
o Topeka
o Wichita
I
V-6 JEFF5•SRS
111 The purpose of the survey was to determine what policies are generally
followed for financing such costs. Results of the survey indicate that
methods of financing capital improvements vary. In many instances, no
set policy exists and different methods are used at different times. No
single method of financing is used more often than another, but a
combination of financing methods seems to be most popular.
The following paragraphs discuss alternative methods for financing major
capital improvements and extensions and their advantages and
disadvantages.
a. Sewer System Extensions
Sewer system extensions involve the construction of new collector
sewers and interceptors to provide sewer service to areas which
previously had no service. In the case of existing development
where no sewer service currently exists, the costs are sometimes
financed from sewer user revenues although connection fees or
benefit districts are more common. Sometimes interceptor sewers are
financed by revenue bonds which are, in turn, paid for through sewer
user revenues. Costs for collector sewers for new residential or
commercial development are almost always borne by the developer who
recovers his costs by including it in the sale price of one building
lot.
The aim of any equitable financing procedure is to require those who
411, benefit from the facilities to be responsible for its cost. This is
JEFF5.SRS V-7
•
1111 why benefit.districts are more popular. Including such costs in
user charges result in all users contributing towards the cost of
improvements which may benefit only a few customers. Even so, it
should be pointed out that adding more customers can spread the cost
of total system operation, maintenance, and debt service among more
customers, resulting in lower rates for everyone. Thus, all users
may benefit to some degree by extending sewer service.
b. Utility Relocations and Modifications
Relocations of sewer utilities or modifications are sometimes
necessary to coordinate with new residential or commercial
construction. Again, the method of financing such costs varies and
there are normally no set policies followed. Revenues from sewer
user charges are often used particularly when the relocation is
necessary due to construction of other public facilities and
utilities. Relocations resulting from development of new
residential or commercial property are most equitably borne by the
developer. The developer is normally assessed a charge based on the
utility's actual costs for labor and materials. This approach is
sometimes not used, however, because it may be the policy of a city
to encourage or stimulate development by offering this assistance at
no charge to the developer.
1
c. Replacement or Expansion of Major Equipment
Costs for replacement or expansion of major equipment are often
111 financed by sewer user charge revenues. For very large-scale
V-8 JEFF5.SRS
replacement or expansion programs, the cost may be financed through
revenue bonds which, in turn, are financed by sewer user revenues.
The purpose of the bonds is to allow the costs to be paid for over a
period of several years instead of one large lump sum. This
approach is equitable since use of the system results in the
deterioration of the equipment which must be replaced, so each user
contributes to this cost.
2. SERVICES CHARGES
A summary of Schedule B Rates for FY84 and FY88 are shown below in Table
V-3.
Table V-3
RATE SCHEDULE B
(FY84 and FY88)
Service Charges FY84 FY88
(1 ) Minimum Charge $3.59 $4.03
(2) Volume $0.71 /100 c.f. $0.91 /100 c.f.
Surcharges
(1 ) BOD $0.071/lb $0.104/lb
(2) SS $0.128/lb $0.182/lb
E. OTHER RATE CONSIDERATIONS
1 . ADDITIONAL MAJOR WATER USER
The Department of Public Works requested that additional rates be
developed, assuming a major new industry locates in Jefferson City. The
average water use, for purposes of rate calculation, is 500,000 gallons
per day. This rate analysis (without $300,000 major capital
1111
JEFF5.SRS V-9
IADimprovement/extension cost) results in an FY84 minimum charge of $2.42.
The FY84 volume charge is $0.58/100 c.f.
* * * * *
3
111/1
V-10 JEFF5.SRS
PART VI
PROJECTED REVENUES AND CASH REQUIREMENTS
A. GENERAL
It is necessary to review the proposed rate schedules to determine if
revenues will remain adequate for the five-year rate design period. In
doing this, the estimated projected revenues are compared with the
appropriate cash requirements.
B. REVENUE REQUIREMENTS
Total revenue requirements are projected for FY84 through FY88 and include
operation and maintenance expenses, debt service and capital improvements.
Total revenues must equal or exceed the total revenue requirements during
this period. This information is summarized in Table II-6. Operating
income is income derived from sewer user charges and should be equal to the
gross revenues required less nonoperating income. Nonoperating income
(interest income from Bond Reserve Accounts) is approximately $50,000 per
year. Therefore, operating income required, using Schedule A, is estimated
to be $1 ,546,400 for FY84 increasing to $2,076,300 for FY88.
C. REVENUE
Sewer user charges will be the primary source of revenue. Rate Schedule A
is designed to generate sufficient revenue for all expenses, whereas Rate
Schedule B is designed to provide revenue for all expenses, including
$300,000 per year for major capital improvements/extensions to the sewerage
• system. Total revenues are expected to increase slightly, since the number
l
JEFF6.SRS VI-1
1110 of customers is expected to increase at approximately 2 percent per year.
Tables VI-1 and VI-2 summarize anticipated revenue for Rate Schedules A and
B, respectively.
Table VI-1
ANTICIPATED REVENUES - RATE SCHEDULE A
Revenues
City Total Revenue
Fiscal Year Customers District Total Required
84 $1 ,511 ,300 $ 52,700 $1 ,564,000 $1 ,546,400
85 1 ,630,800 87,900 1 ,718,700 1 ,683,700
86 1 ,754,100 93,800 1 ,847,900 1 ,819,700
87 1 ,875,700 99,600 1 ,975,300 1 ,940,900
88 1 ,998,700 105,500 2,104,200 2,076,300
Table VI-2
S ANTICIPATED REVENUES - RATE SCHEDULE B
Revenues
City Total Revenue
Fiscal Year Customers District Total Required
84 $1 ,798,200 $ 52,700 $1 ,850,900 $1 ,846,400
85 1 ,919,400 87,900 2,007,300 1 ,983,700
86 2,083,700 93,800 2,177,500 2,019,700
87 2, 163,500 99,600 2,263,100 2,240,900
88 2,287,400 105,500 2,392,900 2,376,300
Tables VI-3 and VI-4 shows a comparison of typical bills for monthly
residential customers using the existing rates and Rate Schedules A and B.
The average residential customer uses 700 cubic feet per month.
• ;
VI-2 JEFF6.SRS
111 Table VI-3
COMPARISON OF TYPICAL BILLS
(FY84)
Metered Usage Schedule A Schedule B
(100 c.f. ) Existing Rate Amount % Change Amount $ Change
0 $ 1 .60 $ 2.82 + 76 $ 3.59 +124
5 • 4.30 5.87 + 36 7.14 + 66
7 5.38 7.09 + 32 8.56 + 59
10 7.00 8.92 + 27 10.69 + 53
15 9.70 11 .97 + 23 14.24 + 47
20 12.40 15.02 + 21 17.79 + 43
30 17.80 21 .12 + 19 24.89 + 40
40 23.20 27.22 + 17 31 .99 + 38
50 28.60 33.32 + 16 39.09 + 37
Table VI-4
COMPARISON OF TYPICAL BILLS
(FY88)
Metered Usage Schedule A Schedule B
.11,
(100 c.f.) Existing Rate Amount % Change Amount % Change
0 $ 1 .60 $ 3.32 +108 $ 4.03 +152
5 4.30 7.37 + 71 8.58 + 99
7 5.38 8.99 + 67 10.40 + 93
10 7.00 11 .42 + 63 13.13 + 87
15 9.70 15.47 + 59 17.68 + 82
20 12.40 19.52 + 57 22.23 + 79
30 17.80 27.62 + 55 31 .33 + 76
40 23.20 35.72 + 54 40.43 + 74
50 28.60 43.82 + 53 49.53 + 73
S
JEFF6.SRS VI-3
BENJAMIN H.CHARLES 11866-1937) (314) 421-0811
CARL TR•UERNICNT
LAW OFFICES
CARL 7a AU EaN mNT,JR. CHARLES AND TRAUERNICHT
1 OWN R G EBE
]14 NORTH BROADWAY
SAINT LOUIS
63102
July 15, 1983
Burns & McDonnell
P. 0. Box 173
Kansas City, Missouri 64141
Attention: Mr. Peter D. Zanoni, P.E.
RE: CITY OF JEFFERSON CITY
COLE COUNTY, MISSOURI
OUTSTANDING SEWER REVENUE BOND ISSUES
Gentlemen:
In response to your letter of April 7, we would observe that at least
some balance should have appeared (as of October 31, 1982) in the Sewer Extension
and Improvement Account and in the Sewer Revenue Bond Redemption Account. At
least some money should remain each month (on the first business day of that
month) to deposit into said Accounts after the deposits otherwise required shall
have been made by Section 7 of each of the five bond ordinances adopted in connec-
3 tion with the issuance of the five issues of revenue bonds.
It occurs to us that it is possible that the money has never been
allocated to those two Accounts from the Sewer Revenue Fund and that the money
which should have been so transferred remained in the Revenue Fund. We would
recommend that these funds be established at the levels which history would
indicate they ought to have been, provided history can be determined.
Your further question concerning the availability of the remaining
$600,000 of unissued Sewer Revenue Bonds suggests two alternatives:
1. If the extensions and improvements are of the type and kind
originally contemplated by the City at the time the bonds were
authorized for the purposes outlined on page 8 of the Notice
of Bond Sale and Official Statement prepared by and sent out
by the City, we would see no harm in selling and issuing the
bonds; or
2. If the City wishes to seek authority to issue additional bonds
for sewer extension and improvement, we would suggest that the
City disregard this prior authority obtained at the election
held on October 8, 1963, and that new authority be sought for
the full amount of any proposed extensions and improvements.
• I
• I
411
Burns & McDonnell -2- July 15, 1983
The existence of previously-authorized revenue bonds in no way limits the amount
of subsequent revenue bonds which may be issued. This situation does not exist
in the case of general obligation bonds, the authorization to issue which must
be credited against the debt-incurring power of the City even though the bonds
have not been issued.
We trust that the foregoing will serve adequately to respond to your
said letter; however, should you desire anything further from us, please do not
hesitate to request it.
With best regards and all good wishes, we beg to remain
Very truly yours,
CTJr:nk OLLV -Vaajtjt-
cc:
Mr. Thomas B. Jones, P.E.
a Sewer Commissioner
Department of Public Works
911 East Miller Street
Jefferson City, Missouri 65101
_SSA,/ I a.
CITY OF JEFFERSON , MISSOURI
All, COMBINED DEBT SERVICE REQUIREMENTS TO MATURITY
ALL SEWER REVENUE BONDS
OCTOBER 31 , 1978
Fiscal Year March 1 September 1 Total Fiscal Year
1979 218, 190. 00 100, 627. 50 $ 318 , 817 . 50
1980 215 , 627. 50 98, 065. 00 313 , 692 . 50
1981 223 , 065. 00 95 , 265. 00 318 , 330. 00
1982 225, 265. 00 92, 352 . 50 317 . 617 . 50
- 1983 232 , 352 . 50 89 , 100. 00 321 , 452 . 50 '
1984 239 , 100. 00 85 , 631. 25 324 , 731 . 25 -
1985 245 , 631 . 25 81 , 906. 00 327 , 537. 25
1986 246, 906. 00 78 , 077 . 50 324 , 983 . 50 '
1987 253 , 077. 50 74 , 070. 00 327 , 147. 50
1988 259 , 070. 00 69, 731 . 25 328 , 801 . 25
1989 259, 731. 25 65, 255. 00 324 , 986. 25_
1990 265, 255. 00 60, 558 . 75 325, 813 . 75
1991 270 , 558. 75 55, 638. 75 326 , 197 . 50
1992 280, 638. 75 50, 287. 50 330 ,926. 25
1993 280, 287. 50 44 , 798. 75 325, 086. 25
1994 279 , 798. 75 39 , 220. 00 319 , 018. 75
1995 294 , 220. 00 33 , 145. 00 327 , 365 . 00
1996 298, 145. 00 26 , 810. 00 324 , 955. 00
1997 301 , 810. 00 20, 265. 00 322 , 075. 00
1998 310, 265. 00 13, 370. 00 323 , 635 . 00
1999 318 , 370. 00 6, 115. 00 324 , 485. 00
2000 246 , 115. 00 -0- 246 , 115. 00
$5, 763 , 479 . 75 $1 , 280 , 289 . 75 $7 , 043, 769 . 50
Pr
CITY OF JEFFERSON , MISSOURI
DEBT SERVICE REQUIREMENTS TO MATURITY
1970 SEWER REVENUE BONDS
OCTOBER 31 , 1978
ill, '
Interest
Fiscal Year Principal March 1 N73/ September 1 Total
1979 $ 10 , 000. 00/ 15, 462 . 50✓ 15 , 125. 00/n43 40 , 587 .
1980 10 , 000. 00 15 , 125 . 00 14 , 787 . 50 39 , 912 .
1981 10 , 000. 00 14 , 787. 50 14 , 450. 00 39 , 237 .
1982 10 , 000 . 00 14 , 450. 00 14 , 125. 00 38 , 575 .
1983 10, 000. 00 14 , 125. 00 13 , 800. 00 37 , 925.
1984 10, 000. 00 13 , 800. 00 13 , 475. 00 37 , 275.
1985 15 , 000. 00 13 , 475. 00 12 , 987 . 50 41 , 462 .
1986 15 , 000. 00 12 , 987. 50 12 ,481 . 25 40, 468.
1987 15 , 000. 00 12 , 481 . 25 11 , 975. 00 39 ,456 .
1988 20, 000. 00 11 , 975. 00 11 , 300. 00 43 , 275 .
1989 20, 000. 00 11 , 300. 00 10, 625. 00 41 , 925 .
1990 20 , 000 . 00 10 , 625. 00 9 , 950. 00 40, 575 .
1991 20, 000. 00 9 , 950. 00 9 , 275. 00 39 , 225.
1992 25, 000. 00 9, 275. 00 8 , 400. 00 42 , 675 .
1993 25, 000. 00 8, 400. 00 7 , 525. 00 40 , 925.
JO1994 25 , 000 . 00 7 , 525. 00 6 , 650. 00 39 , 175.
1995 30, 000. 00 6, 650. 00 5 , 600. 00 42 , 250.
1996 30 , 000. 00 5, 600. 00 4 , 550. 00 40 , 150.
1997 30 , 000. 00 4 , 550. 00 3 , 500. 00 38 , 050.
1998 30, 000. 00 3 , 500. 00 2 , 450. 00 35 , 950.
1999 35, 000. 00 2 , 450. 00 1 , 225. 00 38 , 675 .
2000 35 , 000 . 00 1 , 225. 00 -0- 36 , 225.
TOTAL $ 450, 000. 00 219, 718. 75 204 , 256. 25 873 , 975.
•
Date of Issue December 1 , 1970
Original Amount $500 , 000. 00
Interest Rate 6. 75%, 6. 50%, 6 . 75%, 7%
Paying Agent The Merchant ' s Bank
Kansas City, Missouri
4, 'tit-
CITY OF JEFFERSON , MISSOURI
DEBT SERVICE REQUIREMENTS TO MATURITY
ilk
1908 SEWER REVENUE BONDS
OCTOBER 31 , 1978
Interest
Fiscal Year Principal March 122363 September 1 Total
1979 $ 35 , 000. 00 'e/ 37 , 725. 00✓ 36, 850. 00 /W25109 , 575.
1.980 35 , 000. 00 36 , 850. 00 35 , 975. 00 107 , 825 .
1981 40 , 000. 00 35, 975. 00 34 , 975 . 00 110 , 950.
1982 45 , 000. 00 34 , 975. 00 33 , 850 . 00 113 , 825.
1983 50, 000. 00 33 , 850. 00 32 , 537:50 116 , 387 .
1984 55 , 000. 00 32 , 537 . 50 31 , 093 . 75 118 , 631 .
1985 55 , 000. 00 31 , 093. 75 29 , 650 . 00 115 , 743 .
1986 55 , 000. 00 29 , 650. 00 28 , 206. 25 112 , 856.
1987 55, 000. 00 28, 206. 25 26, 762 . 50 109 , 968 .
1988 55 ,000.00 26 , 762. 50 25 , 250. 00 107 , 012 .
1989 60 , 000. 00 25 , 250. 00 23 , 600. 00 108 , 850.
1990 60 , 000. 00 23 , 600. 00 21 , 950. 00 105, 550.
1991 60, 000. 00 21 , 950. 00 20, 300. 00 102 , 250 .
1992 65 , 000. 00 20 , 300. 00 18, 512 . 50 103 , 812 .
1993 70, 000. 00 18, 512. 50 16 , 587. 50 105 , 100 .
mill
1994 70, 000. 00 16, 587. 50 14 , 662 . 50 101 , 250.
1995 75 , 000. 00 14 , 662. 50 12 ,600. 00 102 ,262 .
1996 80 , 000. 00 12 , 600. 00 10 , 360. 00 102 , 960.
1997 85 , 000. 00 10, 360. 00 7 , 980. 00 103 , 340.
1998 95 , 000. 00 7 , 980. 00 5 , 320. 00 108 , 300.
1999 95 , 000. 00 5, 320. 00 2 , 660 . 00 102 , 980.
2000 95, 000. 00 2, 660. 00 -0- 97 , 660.
TOTAL $1 , 390 , 000. 00 $ 507 , 407. 50 $ 469, 682 . 50 $2 , 367 , 090.
Date of Issue December 1 , 1968
Original Amount $1 , 500 , 000. 00
Interest Rate 5%, 5. 25%, 5. 50%, 5. 60%
Paying Agent Landmark Central Bank & Trust Co.
St . Louis , Missouri
V
• a :l e
y ,
I
•
• CITY OF JEFFERSON , MISSOURI
DEBT SERVICE REQUIREMENTS TO MATURITY
All, 1967 SEWER REVENUE BONDS
OCTOBER 31 , 1978
Interest
Fiscal Year Principal March 1jz4,-/3 September 1 Total
1979 $ 30 , 000. 00' 19 , 345. 00' 18 , 670. 00'793ig 68 , 015. (
/73.35
1980 30, 000. 00` 18 , 670. 00 ✓ 17 , 995. 00 66 , 665 . (
1981 35 , 000. 00 17, 995. 00 17 , 207. 50 70, 202. :
1982 35 , 000. 00 17 , 207750 16 , 420 . 00 68, 627 . ;
1983 40, 000. 00 16 , 420. 00 15 , 520. 00 71 , 940. 1
1984 40 , 000 . 00 15 , 520. 00 14 , 620. 00 70 , 140.
1985 40 , 000. 00 14 , 620. 00 13 , 720. 00 68 , 340.
1986 40 , 000. 00 13 , 720 , 00 12 , 820. 00 66 , 540 .
1987 40 , 000. 00 12, 820. 00 11 , 920. 00 64 , 740.
1988 40 , 000. 00 11 , 920. 00 11 , 020. 00 62 , 940 .
1989 40, 000. 00 11 , 020. 00 10 , 120. 00 61 , 140.
1990 45 , 000. 00 10, 120. 00 9 , 085 . 00 64 , 205 .
1991 45, 000. 00 9 , 085. 00 8, 050. 00 62 , 135:
1992 45 , 000. 00 8 , 050. 00 7 , 015. 00 60 , 065.
1993 45 , 000. 00 7 , 015. 00 5 , 980. 00 57 , 995.
ill
1994 45 , 000. 00 5, 980. 00 4 , 945. 00 55 , 925 .
1995 45 , 000. 00 4 , 945. 00 3 , 910. 00 53 , 855 .
1996 40, 000. 00 3 , 010. 00 2 , 990. 00 46 , 900 .
1997 35 , 000. 00 2 , 990. 00 2 , 185. 00 40 , 175.
1998 30, 000. 00 2 , 185. 00 1 , 495. 00 33 , 680.
1999 30, 000. 00 1 , 495. 00 805. 00 32 , 300.
2000 35, 000. 00 805. 00 -0- 35, 805 .
TOTAL $ 850 , 000. 00 $ 225 , 837. 50 , $ 206 , 492. 50 $1 , 282 . 330 .
Date of Issue August 1 , 1967
Original Amount $1 , 000 , 000. 00
Interest Rate 5%, 4 . 50%, 4 . 60%
Paying Agent Landmark Central Bank & Trust Co.
St . Louis, Missouri
,
ill, ;
4
rilllir- ‘
!1 CITY OF JEFFERSON , MISSOURI
DEBT SERVICE REQUIREMENTS TO MATURITY
1965 SEWER REVENUE BONDS
,' OCTOBER 31 , 1978
Interest
Fiscal Year Principal March 13/l . September 1 Total
1979 $ 20 , 000 . 00 ` 16 , 012 . 503 u5 15 , 662. 50 /25fiC 51 , 675.
1980 20 , 000. 00'' 15 ,662. 50' 15 , 312 . 50 50 , 975 .
1981 20 , 000. 00 15 , 312. 50 14 , 962. 50 50 , 275.
1982 20, 000. 00 14 , 962. 50 14 , 612 . 50 49 , 575 .
1983 • 20 , 000. 00 14 , 612. 50 14 , 237 . 50 48 , 850 .
1984 20 , 000. 00 14 , 237. 50 13 , 862 . 50 48 , 100 .
1985 25, 000. 00 13 , 862. 50 13 , 393. 50 52 , 256 .
1986 25 , 000. 00 13 , 393. 50 12 , 925. 00 41 , 318.
1987 30, 000. 00 12 , 925. 00 12 , 362 . 50 55 , 287 .
1988 35 , 000. 00 12 , 362. 50 11 , 706 . 25 59 , 068.
1989 35 , 000. 00 11 , 706. 25 11 , 050. 00 57 , 756 .
• 1990 35, 000. 00 11 , 050. 00 10 , 393. 75 56 , 443 .
1991 40, 000. 00 10, 393. 75 9 , 643. 75 60, 037 .
1992 45, 000. 00 9 , 643. 75 8 , 800. 00 63 , 443 .
ill1993 45 , 000. 00 8 , 800. 00 7 , 956 . 25 61 , 756.
1994 45 , 000. 00 7 , 956. 25 7 , 112. 50 60, 068 .
• 1995 50, 000. 00 7 , 112. 50 6, 175 . 00 63 , 287
1996 55 , 000. 00 6 , 175. 00 5 , 130. 00 66 , 305
• 1997 60 , 000 . 00 5 , 130. 00 3 , 990. 00 69 , 120
1998 65, 000. 00 3 , 990. 00 2 , 755. 00 71 , 745
1999 70, 000. 00 2 , 755. 00 1 , 425. 00 74 , 180
2000 75, 000. 00 1 , 425. 00 -0- 76, 425
TOTAL $ 855 , 000. 00 $ 229 , 481 . 00 $ 213 , 468 . 50 $1 ,287 , 949
Date of Issue August 1 , 1965
Original Amount $1 , 000 , 000. 00
Interest Rate 3. 50%, 3. 75%, 3. 80%
Paying Agent Chemical Bank
New York , New York
4 '
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