HomeMy WebLinkAboutAGENDA REPORT 2024 1120 CCSA REG ITEM 09A POWERPOINTVentura County Waterworks District No. 1
Proposed Water Rate Adjustments
for Calendar Year 2025
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ITEM: 9.A.
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District Size ~ 21,567 Acres
Population Served ~ 36,625
~ 177 Miles of
Water Lines
Water Service Connections ~ 11,285
19 Reservoirs
5 Groundwater Wells
24% of Supply
11 Booster
Pump
Stations
Ventura County Waterworks District No. 1
Moorpark Water Services
Service Area
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Calleguas Municipal Water District (CMWD) approved a rate increase of 9.5% for 2025
Assumes future CMWD increases at 6% per year from FY 2026 to FY 2030
Assumes average water use from the past 5 years
Assumes average inflationary increases used for rate analysis:
Labor 5%, power 4%, materials 3%
New capital loans 30-year @ 4% fixed
Board approved cash Reserve target on 12/08/2020
25% O&M Expenses; 10% Revenue; 2% Net Assets
Assumes groundwater pumping of 2,195 AF in FY 2025 and remains steady through FY 2030
Assumes demand of 8,270 AF and remains steady through FY 2030
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3.9%3.4%
5.8%
3.5%3.4%
2.4%
3.6%
4.5%
6.0%
9.5%
4.8%
6.0%
3.1%
7.2%
7.6%
3.5%3.5%3.5%
4.5%
6.0%
9.5%
4.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Average %
Commodity Rate Increase 2016 to 2025
Calleguas vs. WWD#1 Moorpark
Calleguas WWD#1
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Ventura County Waterworks District No. 1
Moorpark Water Services
Cash Reserve Forecast With 9.5% Rate and 6% Increase each year through 2030
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FY25 Mod. Bud.FY 2026 Est FY 2027 Est FY 2028 Est FY 2029 Est FY 2030 Est
Total Ending Reserves $6,520,840 $5,875,085 $5,219,336 $4,819,531 $4,712,459 $5,062,336
Minimum Required Reserves $9,341,317 $9,854,579 $10,369,909 $10,858,526 $11,371,578 $11,879,275
$6.5M
$5.9M
$5.2M $4.8M $4.7M $5.1M
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
Total Ending Reserves Minimum Required Reserves
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Staff Recommendation: 9.5% rate
increase for commodity and fixed
charges for the calendar year 2025
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Questions?
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Backup Slides
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ACTUAL ACTUAL ACTUAL ACTUAL Adopted Budget
FY21 FY22 FY23 FY24 FY25 (Modified)
Total Ending Reserves $7,120,212 $10,472,265 $7,631,561 $7,843,942 $5,653,141
Minimum Required Reserves $7,526,185 $6,842,430 $5,905,434 $6,432,391 $8,397,365
$0M
$2M
$4M
$6M
$8M
$10M
$12M
Total Ending Reserves Minimum Required Reserves
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