PROJ00124

• Contract/PO #: C153394
• Contractor Name: Wellington, Town of
• Contract Type: Loan
• Water District: 1
• County: Larimer
• Bill Number: SB 81-439
• Loan Projects - Doc Type: Feasibility Study

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Table 2.
WELLINGTON WATER SYSTEH IHPRCJVEr.1ENTS
ANALYSIS OF SERVICE CHARGES
ELCO SOORCE

Total Project Cost = $ 1,646,000

Funding Source

Amount

Annual Payrrel'lt

CWCB
FHA

1,146,000
500,000

$1,646,000

57,896
29,140

Total

$87,036.

Less Arrount Funded from PIF' s

- 33,000

Net Arrount Funded From Service Charges

$ 54,036

ELCO Charges
Derrand Charge
Comrodi ty Charge

Total payrrent to, ELCO

94,601
70,764

$165,365 (1) (2)

Hellington 0 & M
o & M by TcMn
o & M by Contract
North Poudre Assessrrents
Total 0 & M

42,350
8,000
8,600

$ 58,950

Total Amount To Be Collected From Service Charges

$278,351

Average M::mthly Rate assuming there is SOIre growth and PIF's are =llected:

$ 278,351 ~ 588 ~ 12 =
of which:

$ 39.45
$ 23.44 goes to ELCO 60%
$ 7.66 goes for New Debt 19%
$ 8.35 goes for 0 & M 21%

Average Monthly Rate assuming no growth and no PIP's:

$ 311,351 ~
of 'which:

566 ~ 12 = $45.84
$ 24.35 goes to ELCO 53%
$ 12.81 goes for Debt Serv. 28%
$ 8.68 for 0 & M 19%

(1) This figure assumes SOIre growth. In a no growth situation it should
be sanewhat smaller.
(2) Based on 17,000 gal/tap/mo. If actual usage is 14,000 gal/tap/mo. the
ELCO charge should be reduced by $2 to $3 per tap/lTD.

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