ALPOM&R meeting 2/7/11

YEAR 1- Releasing Season VARIABLE O&M FUND INTEREST MOVESTO PRINCIPLE
''1111i IRWIN*
*Each year has a pump season and a release season except year 1
Year 0- water use projections for year 1 provided by Nov. 15
Year 0- Based on use projections for year one water rates are set
Each entity to provide the Association water use projections for nextyear by November 15 of this year. Projections will be provided month by month, in acre feet. Year 0- Variable 0 &M Fund interest moves to principal
Example; Cost per Aft $13.00
Jan
Feb Mar
Aer
May
Jun
Estimated 0
0 0
50
250
700
Estimated 0
0 0
$650.00
$3,250
$9,100
Actual Use 0
0 0
60
230
675
Jul M SeDtt Oat Nov Dec
1250 3000 400 0 0 0
$16,250 $39,000 $5,200 $0 $0 $0
1300 3250 200 0 0 0
EOY Reconciliation EOY Estimated vs Actual 5,715 - 5,650 = -65 a/f 65 a/f x $13 = $845 We send you a bill
VARIABLE 0 &M FUND INTEREST MOVES TO PRINCIPLE
YEAR 2 - Pumping Season
Total
5,650 a/f
$73,450
5,715
Monies collected for water /power kept in ALPOM &R bank account for year 2
Actual use vs estimated water use reconciled at EOY
End of season Variable 0 &M Fund interest moves to principal
Sponsors provide projected water use for year 2 by Nov 15
$73,450 plus $848.00 = $74,298 goes into ALPOM &R
bank account for next season pumping replacement Association sets water rates in November for next year
Pumping Season April /May
* * ** *Need to replace 5,715 acre feet during two month runoff period (May1 -June 30.61 days) Energy= Unit mwx24 hours x1000x.01229x #ofdays Monies collected in year 1 used to replace water in April/May of year 2
Small Unit produces 27.72 a/f per day, 5,715 divided by 27.72 = 206.17 days Demand = Unit mw +.05 mw x 1000x 5.22 x number of months June 1st cost of actual replacement reconciled
Medium Unit produces 65.34 a/f per day, 5,715 divided by 6534 =87.47 days Energy component is 3.33 Mw x 24x 1000 x .01229 x 43.73 days = $42,952.34 Variable 0 &M Fund interest reconciled after replacement reconciliation (June)
Demand component 3.33 Mw +.05 x 1000x 5.22 x 2 = $35,287.20
Large Unit produces 130.68 a/f per day, 5,715 divided by 130.68 = 43.73 days 42,952.34 + 35,287.20 = 78,239.54
End of Pump Season Reconciliation Release Season
Actual cost to replace 5,715 a/f was $78,239.54
Actually paid $74,298 as water was released Monies collected for water /power kept in ALPOM &R bank account for year 3
$78,239.54 - $74,298 = $3,941.54 Bill sent to sponsor
$78,239.54- $60,000 = $18,239.54- actual cost to repalce water used in year 1 Actual use vs estimated water use reconciled at EOY
Variable 0 &M Fund 2% return past 12 months $18,239.54 divided by 5,715 a/f =$3.19 per aft
$3,000,000 x 2 %= $60,000 Sponsors provide projected water use for year 2 by Nov 15
$60,000 - proportional checks sent out * ** VARIABLE 0 &M FUND INTEREST RECONCILED IN SAME YEAR AS REPLACEMENT COST
Association sets water rates in November for next year