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HomeMy WebLinkAboutF-1.1. Annual Adjustment of Replacement Water Cost Adjustment Factor for FY 21-22INFORMATION ITEM TO: HONORABLE CHAIRPERSON AND MEMBERS OF THE AZUSA UTILITY BOARD FROM: MANNY ROBLEDO, DIRECTOR OF UTILITIES DATE: JUNE 28, 2021 SUBJECT: ANNUAL ADJUSTMENT OF REPLACEMENT WATER COST ADJUSTMENT FACTOR BACKGROUND: The Replacement Water Cost Adjustment Factor (RWCAF) water rate schedule authorizes the recovery of replacement water costs incurred by Azusa Light & Water pursuant to the delivery of potable water to its customers from the Main San Gabriel Basin. Effective July 1, 2021, the Replacement Water Cost Adjustment Factor (RWCAF) will be decreased from $0.4888 to $0.4319 per hundred cubic feet of water (CCF). The RWCAF is based on actual replacement water charges and assessments paid to the Main San Gabriel Basin Watermaster (Watermaster) and the San Gabriel Valley Municipal Water District (SGVMWD) and a projection of such charges through June 30, 2022. The RWCAF requires an annual calculation to be performed and the Director of Utilities to inform the Utility Board of any adjustments. RECOMMENDATION: Staff recommends the Utility Board take the following action: 1)Receive and file this information report. ANALYSIS: ALW is part of an adjudicated basin under the administration of a court appointed Watermaster. The rules of the adjudication give the Watermaster the authority to assess each acre foot of water produced in the basin a Resource Development Assessment (RDA) for the purpose of purchasing supplemental water. On May 5, 2021, the Watermaster Board approved the RDA per acre foot to remain the same as the current fiscal year at $175 per acre foot in FY 2021-22 for all water agencies in the Basin. The RDA of $175 per acre foot will be included in the RWCAF formula effective July 1, 2021 and will impact ALW assessments by an estimated $3,480,441. F-1Approved Utility Board 6/28/21 Annual Update of RWCAF June 28, 2021 Page 2 SGVMWD is responsible for importing and transmitting state water allocated to its members – Azusa, Monterey Park, Alhambra, and Sierra Madre. State water imported by the district satisfies about 40% of ALW’s demand. The March 2016 Water Rate Study performed for ALW by NBS, established a baseline Water Replacement cost for Replacement Water of $795,500. Based on the district rate of $200 per acre foot for FY 2021-22, this amounts to a baseline delivered water volume of 3,978 AF. Based on SGVMWD’s rate for water delivered by Watermaster, ALW’s cost to replace water pumped from the Basin is estimated to be $55,408 for FY 2021-22. By this memorandum, Staff is providing notice to the Utility Board, as required by the Water Rate Schedule, that the RWCAF was re-calculated and the new rate will be adjusted to $0.4319 for FY 2021-22 from the rate of $0.4888 set previously in July 2020. The RWCAF will be decreased to $0.4319 effective July 1, 2021 and will be applied to all water bills beginning the first billing cycle of the new fiscal year. Accordingly, ALW’s lower RWCAF will provide estimated total Replacement Water cost of $3,480,441 ($1,293,751 for City of Azusa production and $1,958,126 for Azusa Valley Water Company production). Calculations were based on FY 2021-22 projected water sales of 8,058,588 CCF. FISCAL IMPACT: The RWCAF is designed to offset the costs of water supply against forecasted sales; therefore, the pass-through transaction will not have any anticipated fiscal impact. Prepared by: Reviewed and Approved: Danny Smith Manny Robledo Utilities Administrative & Financial Services Manager Director of Utilities Reviewed and Approved: Sergio Gonzalez City Manager Attachments: 1) RWCAF Replacement Water Cost Adjustment Factor Worksheet FY 21-22