HomeMy WebLinkAboutHandouts_Regular_Tab 17_7/8/2021
Stormwater Enterprise Fund Rate Presentation July 8, 2021 Village Council Meeting
•(Dover Ditch)with Town of Jupiter Shared infrastructure •550 structures•10+ miles of pipe•boundaryTequesta municipal within Village of Serves residents •Enterprise Fund
3 Fixed vs Variable•FundTransfer to General •Capital•Operating•Personnel (1.7 FTE’s)•Expenses Village of Tequesta
Expenses Village of Tequesta 4
5 Grants•Cost Share••NAV Assessment•Revenues Village of Tequesta
Revenue Village of Tequesta 6(Existing Rates)Requirements
Revenue Village of Tequesta 7)Proposed Rates(Requirements
Major Drivers Affecting Rates Village of Tequesta 8$ 1,332,796 100,877$ Country Club Sidewalk Project▪120,772$ ImprovementsStormwaterTequesta Drive ▪68,772$
Road RepairsStormwater▪$ 1,042,377RepairsPipe Lining & ▪Years-Capital Projects Last 3 Capital Needs–
Major Drivers Affecting Rates Village of Tequesta 9 Others▪Multiple FY’s–Swale Restoration ▪FY22-Pond Bank Repairs StormwaterN Cypress ▪TBD-Improvements StormwaterDr/Cypress DrFiesta
▪Multiple FY’s–, etc.) Dr, Riverside DrPipe Lining (Gulfstream ▪FY22-Riverside Drive Outfall Repair ▪FY23-Dover Ditch Bank Repairs ▪Upcoming Capital Project Capital Needs–
Proposed User Rate Revenue Adjustments Village of Tequesta 10$12.13$11.56$11.01$10.48$9.98 Proposed Assessment/Month$145.61$138.67$132.07$125.78$119.79 AdjustmentsAnnual Assessment with
Proposed $6.93$6.60$6.29$5.99$10.89 Proposed Adjustments$138.67$132.07$125.78$119.79$108.90Current Annual Assessment4,621 sf:-Annual Rate for Homes with Impervious Area 2,5075%5%5%5%10%Percentage
Adjustment:Oct. 1, 2026Oct. 1, 2025Oct. 1, 2024Oct. 1, 2023Oct. 1, 2022 Recommended rate revenue adjustments for the five fiscal years ending 2026:▪
Proposed User Rate Revenue Adjustments Village of Tequesta 11$8.13$7.74$7.37$7.02$6.69 Proposed Assessment/Month$97.56$92.91$88.49$84.27$80.26 AdjustmentsAnnual Assessment with Proposed
$4.65$4.42$4.21$4.01$7.30 Proposed Adjustments$92.91$88.49$84.27$80.26$72.96Current Annual AssessmentAnnual Rate for Condos:5%5%5%5%10%Percentage Adjustment:Oct. 1, 2026Oct. 1, 2025Oct.
1, 2024Oct. 1, 2023Oct. 1, 2022 Recommended rate revenue adjustments for the five fiscal years ending 2026:▪
Proposed Revenue Adjustments 20 Village of Tequesta
Comparison: 26 Village of Tequesta Base Residential Rates
Results of Rate Adjustment Implementation 31 Village of Tequesta Operating (working capital) and capital reserves▪reduces financial risk–Maintains strong cash liquidity ▪depreciation
equivalent)–investment -Provides recurring funds for R&R capital funding (capital re▪Maintains revenue margins ($ available for debt / capital)▪Strengthens fiscal position▪Allows Village
to continue deferred capital investments▪
Recommendations 32 Village of Tequesta to monitor financial and rate position and adjust plan accordinglyContinue ▪resolutionrate Approve▪
Questions?34