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1-7. Forecast of Revenue Requirements and Operating Results — A 5 -year proforma operating <br />statement will be developed for each utility service and combined into one consolidated statement. <br />The proforma will include projections of revenue, O&M expenses, net revenue, debt service, transfer <br />from other utility funds and other fiscal activities/requirements of the Utility. The projected operating <br />results will be used to demonstrate the sufficiency of recommended rates. <br />1-8. Capital Improvement Funding Module — A CIP module will be incorporated into the rate model <br />to allow for reviews of alternative sources of funding the capital improvement requirements, including <br />pay as you go, debt, grants and a combination of other sources. Unless provided individually by the <br />County, general financing assumptions for revenue bonds, State Revolving Fund (SRF) loans and bank <br />qualified loans will reflect the Consultant's understanding of current and anticipated financing <br />requirements. <br />1-9. Uniform Septic to Sewer Policy — Forecasts of occurrences and timing of septic to sewer conversions <br />including policy on connection requirements, as provided by County staff, will be evaluated to <br />determine potential annual operating cash flow and marginal revenue available to assist with utility <br />enterprise funding of localized connection facility costs. A matrix of the analysis results will be utilized <br />to: 1) illustrate attributes of selected ranges of utility enterprise funding; and 2) assist with selection of <br />components of a uniform septic to sewer policy. <br />1-10. Preliminary Findings — Upon completion of the initial analysis, the Consultant will meet with County <br />staff for the purpose of: (i) reviewing the findings and conclusions; (ii) discussing any issues or concerns <br />County staff may have regarding the findings; and (iii) obtaining County staff comments, observations <br />and directions on proceeding with the development of an initial draft report. <br />1-11. Draft Reports — A draft report will be prepared containing discussions, tables and supporting <br />documentation associated with the major elements of the study, including but not limited to customer <br />data, fiscal requirements, rate design and projections of operations. Copies of the draft report will be <br />provided in electronic format to County staff for review and comments. <br />1-12. Draft Report Meeting — One meeting is contemplated with County staff to present and discuss the <br />draft report. It is anticipated that upon completion of this meeting County staff will provide a sufficient <br />level of comments and directions for the Consultant to: 1) modify the draft report as necessary; and 2) <br />work with County staff to schedule one-on-one and/or public workshop meetings with Board of <br />County Commissioners (BCC). <br />1-13. Meetings With BCC — Pursuant to the type of meeting, the Consultant will prepare appropriate <br />presentation materials, have interactive computer model available and provide discussions associated <br />with the rate study findings and conclusions. It is understood that the BCC may direct changes or <br />alternatives requiring reevaluation and necessitate additional meetings. <br />1-14. Final Report — One printed signed copy together with an electronic copy of the final report will be <br />provided to the County. <br />1-15. Assist with Draft Ordinance — Assist County staff with preparation of draft ordinance/resolution <br />together with providing reviews and comments of the final ordinance/resolution as prepared by <br />County. <br />1-16. Final Meeting — The Consultant will attend one public hearing to assist with the presentation of the <br />findings of the final report to the County Commission. <br />Page 3 of 6 <br />