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Draft Projected Revenues Septic to Sewer Phase I
<br />Year
<br />Capital
<br />Impact
<br />Sales
<br />Cost
<br />Fees
<br />Revenue
<br />Recovery
<br />1
<br />2
<br />$805,336
<br />$75,4921
<br />$11,210
<br />3
<br />$156,096
<br />$75,492
<br />$22,421
<br />4
<br />$156,096
<br />$75,492
<br />$33,631
<br />5
<br />$161,877
<br />$78,288
<br />$49,409
<br />6
<br />$161,877
<br />$78,288
<br />$56,882
<br />7
<br />$104,064
<br />$50,328
<br />$64,356
<br />8
<br />$104,064
<br />$50,328
<br />$71,830
<br />9
<br />$104,064
<br />$50,328
<br />$79,303
<br />10
<br />$104,0641
<br />$50,328
<br />$86,777
<br />11
<br />$109,859
<br />$53,124
<br />$94,666
<br />10 Year Totals
<br />$1,967,3951
<br />$637,4881
<br />$570,485
<br />Annual revenue after year 10 is $94,666
<br />Cost Phase 1 $1,967,395
<br />Improved Properties ERU's = 137
<br />Future Development ERU's = 91
<br />Assumptions:
<br />Connection to the system will be mandatory
<br />Capital Cost Recovery will include grant funding and mandatory Assessment Fees
<br />Phase I construction will be completed in Year 1
<br />improved properties will be required to connect within 5 years of completion of the project
<br />For illustration purposes, assume 20% of the improved properties in Phase I connect in each year 2-6
<br />Assume all connections are in month 1 of the corresponding year
<br />Assume that the Unimproved Properties (future development ERU's) -will be improved and connect in years 7-11
<br />Assume 20% of the unimproved properties connect each year beginning in year 6
<br />Assume all connections are in month 1 of the corresponding year
<br />Year 1 includes $649,240 in grant funding. Years 2 includes connection fees and impact fees for 137 ERU's in month 1
<br />Assume that the average monthly consumption is 7,000 gallons per ERU
<br />Assume the utility.billing rates remain the same as they are now
<br />Costs and projected connections are subject to change
<br />*Phase I costs are for sewer collection lines only.
<br />Estimated cost does not include engineering, design, bidding, and construction inspections.
<br />Other expenses that may be encountered included obtainment of easements, relocation of lines,
<br />upsizing of existing collection lines, lift stations, or retrofitting of the N WWTF.
<br />P161
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