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Home My WebLink AboutStaff Report 2.B 02/13/2017DATE: February 13, 2017 TO: Honorable Mayor and Members of the City Council through City Manager FROM: Dan St. John, RASCE — Director, Public Works and Utilities Department SUBJECT: A Presentation and Discussion of the 2017 Utility Rate Study. It is recommended that the City Council discuss and provide guidance as appropriate regarding the 2017 Utility Rate Study. On November 14, 2016, the City Council held a workshop to discuss the subject rate study and issues affecting rate design. The Council also provided input on concerns about significant increases to the rates and the impact on particular rate categories and classes of customers. The purpose of this workshop is to continue that process and gain additional guidance necessary to finalize the utility rate proposal for the next five years, beginning with an adjustment on July 1, 2017. At this stage, the focus of the discussion will be on the basic three-step process for rate setting, namely development of the future revenue needs, design of a rate structure that generates the necessary revenue, and determining impacts of any rate changes on key customer categories. The major elements of the rate development process have proceeded with the completion of the following key steps: • Finalization of the cash flow projections for water and sewer enterprise funds through fiscal year 2026/27. • Development of alternate cash flow projections for a reduced CIP scenario. • Design of a rate structure sufficient to meet projected expenses taking into consideration direction provided at the November workshop. • Evaluation of proposed rate changes on key customer categories. The cash flow projections indicate a need for rate increases to maintain stability of both enterprise funds. In the case of the water enterprise, increased rates are needed to offset revenue losses driven by significant gains in water conservation over the past several years. For both enterprise funds, the pressure of supporting the proposed Capital Improvements Program (CIP) will require an increase in rate revenues. Attachment 1 includes the "full" and "reduced" CTP proposals that were used in developing the cash flow projections for both enterprise funds, while Attachment 2 has the cash flow projections for both CTP scenarios. The cash flow projections include the following assumptions for developing projected future - year expenses and revenues: ® Operating Costs are generally escalated at the projected Consumer Price Index plus 2%. • Pass-through of wholesale water rate increases from the Sonoma County Water Agency and the Consumer Price Index (CPI) • Low to Moderate growth of customer base per General Plan • Enterprise funds reserve at year end is approximately equal to three months operating expenses plus the average year's target CIP expenses. • Minor water demand "bounce back" after drought. • New debt issuance with new debt payments. The cash flow projections also include expenditures, as discussed in November, for the new pavement maintenance fee, and for the groundwater sustainability agency. On the wastewater side, the impact of an aging wastewater treatment plant is taken into account with increased maintenance and capital replacement costs, along with the fiscal impact of the proposed bio - methane to compressed natural gas conversion program dubbed the "13213" project. The following figures illustrate the cash flow projections for the full CTP scenarios for both funds. rd l $20 as City of Petaluma Water Projected Revenues & Expenses, Full C �zg=a NBWRA Projects Pay -Go Capital am Debt Service Water Source of Supply =AUkka uMar-Affigm&Lito 1:0.6 im 10.0:� X $15 9.4 8.4 8.9 7.9 7A 61 7.1 <1 $10 - 6.7 6.1 $5 $0 2016117 2017118 2018/19 2019120 2020/21 2021122 2022/23 2023/24 2024/26 2026126 2026127 Excludes grant and debt -funded capital Improvements, but Includes projected new debt service on debt-financed projects. N City of Petaluma Sewer Projected Revenu e - s 1. & Expenses, I Full C11 $60 MM MBWRA Projects Pay -Go Capita! $46 New Debt Outstanding Debt $40 L= Add[ Maint/M/Pvmt Mgmt i* Wastewater Treatment NMM r Pwpr Onpratinz CneN aw I 3M HE, $0 - 2016/17 2017118 2018119 2019120 2020/21 2021/22 2022123 2023124 2024/25 2025126 2026127 Note: 2015/16 Revenues include almost $3 million of one-time capacity charge revenues from new development I 47 9,7 93 J. I The projections are based on the following annual increases in fund revenue, and borrowing during the five year period ending with FY 21/22: Full CIP Scenario Reduced CIP Scenario WATER FUND Annual Rate Increase 5% 4% Borrowing $17 M $15 M SEWER FUND Annual Rate Increase 3.5% 2.5% Borrowing $13 M $0 M The proposed rate structure was developed based on the full CIP cash flow projection and is included in Attachment 3. The proposed water and sewer rates, summarized in the tables below, are presented based on an inflation free condition, including no SCWA increase; and with projected CPI and SCWA wholesale rate increases. That way, the pressure on rates from existing programs and projected CIP can be seen separately from the additional pressure from GPI and wholesale water rate. These rate proposals are based on meeting the goals discussed at the November Council workshop, including: 3 • Shift the percentage of fixed revenue to a more stable target of 30% in the water fund and 40% in the wastewater fund. • Utilize the industry standard American Water Works Association (AWWA) Meter Capacity Ratio tables for establishing rates for non-residential customers, • Establish a new multi -family unit (MFU) fixed water rate, similar to that used in sewer rates, based on the single-family unit rate times a demand factor of 0.6 to account for lower average usage. Adjust the MFU sewer demand factor, currently at 0.87, to 0.85 based on metered winter use. • Introduce a fixed monthly Account and Metering Charge for all accounts. • Narrow the increments of the steps for Tier I and 2 from eight units to four, measured in hundred cubic feet (equal to 748 gallons per HCF). • Other aspects of the rate design are similar to those used in previous rate studies and rate resolutions. Single Family Unit (SFU) SFU with 1 -inch meter Multi -family Unit (MFU) 2 -inch Commercial SFU - Tier 1 (2) SFU - Tier 2 SFU - Tier 3 Juiv 2021, Juiv 2021, Current July -17 no CPI or W/CPI & SCWA (3) SCWA f4) FIXED MONTHLY CHARGES $7.39 $10.11 $10.75 $19.38 1 (same as above) (1) $6.07 $11.63 1 $29.20 $41.83 1 WATER CONSUMPTION CHARGES (Per HCF) $152 $3.52 $4.20 $3.95 $5.24 $4.50 $6.82 $535 All Others, e.g. commercial $3.91 $3.95 $3.62 $4.18 $4.79 $5.71 $4.18 Im $12.59 $92.31 Notes: 1) Current Fixed Charge for MFU based on meter size whcih varies based on size of MFU complex. 2) Tiered rates apply to SFU's only. Current Tiers based on 8 HCF increments. New Tier I and 2 are 4 HCF increments. 3) Equal Step increases for Fiscal Years 18, 19, and 20. Rates EXCLUDE projected CPI, and SCWA wholesale rate automatic pass thru. 4) Includes projected CPI, and SCWA wholesale rate automatic pass thru. A comparative study was performed to calculate the impact of the proposed rates for the following customer class and categories. The details of this analysis are included in Attachment 4 and are summarized in the following tables: M Customer Description ' Monthly Ume(HCF) Current July -17 }u/�1 SFU - Low User: 2SthPercentile 8 $17.95 $20.67 $34.21 SFU ' Median User 6 $28.51 $32.09 $48.70 SFU - High User: 9OihPercentile 13 $56.55 $62.49 $87.18 k4FU,per dwelling unit /1\ 4 $17.20 $21.87 $32.75 Small Business 10 $45.49 $49.61 $7138 Medium Business IS $108.50 $113.74 $157.95 Large Industry | 5,000 $19,720 $19,997 $25,753 | Notes: 1) Analysis based ona2Ounit apartment with a2-inchmeter using 80HCF per month. � The proposed sewer rates are summarized below and Attachment 3 includes the detail for all billing categories and years. Single Family Unit (SFU) Multi -family Unit Unmetered Residential 2 -inch Commercial Residential Commercia|-Low Strength Commercial - Medium Strength Commercial High Strength FIXED MONTHLY CHARGES $20.13 $24.57 $17.54 $20.88 $9I40 $88.55 $86.41 $111.79 COMMODITY CHARGES (Per HCF) $924 $9.14 $8.95 $8.92 $10.97 $11.14 $14.28 $14.60 METERED INDUSTRIAL USERS Juiv 2021, Julv 2021, $39.10 $42.32 $33.23 $35.97| $98.14 $105.30 $197.07 $213,31 $8.43 $9.14 $8.12 $8.79 $11.84 $11.84 $15.90 $15.90 Flow, Per HCF $7.12 $6.98 $5.92 $6/1 BOD, Per Pound $0.68 $0.76 $1.07 $1.07 Notes: 1) Equal Step increases for Fiscal Years 18, 19,and Dl Rates EXCLUDE projected CPI automatic paethm. 2) includes projected CP}automatic pass thm. - 5 The impacts of the proposed sewer rates are summarized below and presented in greater detail in Attachment 4. Customer Description Monthly Use (HCF) Current Juiv 2017 Juiv 2021 % Increase % Increase July 2017 July 2021 SFU - Low User: 25th Percentile 3 $47.55 $51.99 $69.71 9.3% 46.6% SFU - Median User 5 $65.83 $70.27 $87.97 6.7% 33.6% SFU - Higher User 8 $93.25 $97.69 $115.36 4.8% 23.7% MFU, per dwelling unit (1) 3 $44.96 $48.30 $63.36 7.4% 40.9% Small Business - Low Strength 10 $109.63 $113.77 $130.22 3.8% 18.8% Restaurant - High Strength 25 $387.38 $403.03 $466.13 4.0% 203% Large Industry 5,000 $59,042 $60,687 $67,329 2.8% 14.0% Notes: 1) Analysis based on a 20 unit apartment using 60 HCF per month. 2) Assumes CPI Automatic Rate pass thru. City Council guidance is sought regarding the proposed rates and any modifications that may be desirable, which could include: • Reductions in the level of service in discretionary areas such as polishing pond management, water conservation or other programs where cost saving opportunity exists. • Removing Groundwater Sustainability Agency (GSA) participation cost from the water enterprise fund with the understanding that the new GSA agency will bill parcel owners directly via the county property tax process. • Reducing the CIP program as suggested in the "reduced CIP" scenarios, particularly in the area of urban recycled water pipeline extensions or as otherwise directed. • Including refinancing of existing debt with a new issuance that would also generate the necessary additional debt reflected in the cash flow analysis. The rate study will be completed in accordance with the Proposition 218 process. Public noticing of the proposed rates would be mailed 45 days or more prior to a public hearing scheduled to allow for a protest voting procedure. It would be anticipated that this process would result in adoption of rates in April and implementation of those rates beginning with water and sewer services billed after July 1, 2017. A 30 -day notice for implementation of the new rates would be sent to customers beginning in May. I W 101 1115,111"041W., V-�, �10 The proposed rate structures for the water and sewer funds will increase revenues above what would be generated by the existing rate structure to meet the cash flow projections which include all existing programs and the full CIP scenario. In the first year, the net increase in revenue would be $934,000 and $638,000 above that from the existing rate structure for the sewer and V water funds, respectively. By the end of year five, FY 21/22, the cumulative increases of the annual revenues would be $8,129,000 and $16,723,000 for the sewer and water funds, respectively. The following table shows the growth of revenue over the 5 -year rate period. Curnmu-1-at-i-ve Revenue Increases $20,000,000 $15,000,000 $10,000,000 $9 $5,000,000 $0 2019/20 Fiscal Year $16,723,000 - -AMEMEN 2020/21 F 2021/22 WATER SEWER 11 SEWER 11 WATER 1. Full and Reduced CIP Scenarios for Water and Wastewater Enterprise Funds 2. Full and Reduced CIP Scenarios Cash Flow Projections for Water and Wastewater Enterprise Funds 3. Proposed Rate Structures 4. Impact of Proposed Rate Structures within Key Customer Categories Al Ta b l e 5 A Fu l l C I P Ci t y o f P e t a l u m a Av e r a g e A n n u a l C I P F u n d i n g N e e d s , C u r r e n t ‐ F Y 2 0 2 1 / 2 2 : $ 3 , 7 5 3 , 0 0 0 Wa t e r C a p i t a l I m p r o v e m e n t P l a n : N o R e c y c l e d P r o j e c t s Av e r a g e A n n u a l C I P F u n d i n g N e e d s , S u b s e q u e n t Y e a r s : $ 5 , 1 7 2 , 0 0 0 20 1 6 / 1 7 2 0 1 7 / 1 8 2 0 1 8 / 1 9 2 0 1 9 / 2 0 2 0 2 0 / 2 1 2 0 2 1 / 2 2 2 0 2 2 / 2 3 2 0 2 3 / 2 4 2 0 2 4 / 2 5 2 0 2 5 / 2 6 2 0 2 6 / 2 7 T O T A L Co n s t r u c t i o n C o s t E s c a l a t i o n 1 . 0 0 1 . 0 3 1 . 0 6 1 . 0 9 1 . 1 3 1 . 1 6 1 . 1 9 1 . 2 3 1 . 2 7 1 . 3 0 1 . 3 4 RE P L A C E M E N T S & U P G R A D E S Bo o s t e r P u m p R e p l a c e m e n t s 1, 2 0 0 , 0 0 0 1 , 2 0 0 , 0 0 0 $ 2 , 4 0 0 , 0 0 0 Ha r d i n a n d M a n o r T a n k R e t r o f i t 1 1 2 , 0 0 0 1 , 2 2 0 , 0 0 0 1, 3 3 2 , 0 0 0 Oa k H i l l R o o f R e p l a c e m e n t 20 5 , 0 0 0 1 , 3 3 0 , 0 0 0 1 , 5 3 5 , 0 0 0 Pa u l a L a n e T a n k R e t r o f i t C o m p l e t i o n 1 , 5 5 5 , 0 0 0 1, 5 5 5 , 0 0 0 Ta n k R e t r o f i t s 80 0 , 0 0 0 8 0 0 , 0 0 0 We l l C o n s t r u c t i o n & R e p a i r 3 4 5 , 0 0 0 7 5 0 , 0 0 0 5 0 0 , 0 0 0 1 , 4 0 0 , 0 0 0 2 , 9 9 5 , 0 0 0 Aq u e d u c t T u r n o u t U p g r a d e s 70 0 , 0 0 0 1 , 3 0 0 , 0 0 0 1 , 0 0 0 , 0 0 0 3 , 0 0 0 , 0 0 0 US H W Y 1 0 1 U n d e r c r o s s i n g R e p l a c e m e n t s 50 0 , 0 0 0 1 , 7 0 0 , 0 0 0 5 0 0 , 0 0 0 2 , 7 0 0 , 0 0 0 Wa t e r M a i n R e p l a c e m e n t s ( L o c a l S t r e e t s ) 5 0 0 , 0 0 0 1 , 7 5 0 , 0 0 0 1 , 7 5 0 , 0 0 0 1, 7 5 0 , 0 0 0 5 , 7 5 0 , 0 0 0 Wa t e r S e r v i c e R e p l a c e m e n t s 50 0 , 0 0 0 1, 1 7 0 , 0 0 0 1, 1 9 0 , 0 0 0 1, 2 0 0 , 0 0 0 1, 2 2 0 , 0 0 0 5 , 2 8 0 , 0 0 0 Pa y r a n U n d e r g r o u n d T a n k R e m e d i a t i o n 18 9 , 0 0 0 1 8 0 , 0 0 0 8 1 , 0 0 0 45 0 , 0 0 0 __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ Su b t o t a l 2, 2 4 4 , 0 0 0 6 3 7 , 0 0 0 2 , 4 7 1 , 0 0 0 5 0 0 , 0 0 0 1 , 1 9 0 , 0 0 0 3 , 4 0 5 , 0 0 0 2 , 6 3 0 , 0 0 0 4 , 4 0 0 , 0 0 0 4 , 2 5 0 , 0 0 0 3 , 1 0 0 , 0 0 0 2 , 9 7 0 , 0 0 0 2 7 , 7 9 7 , 0 0 0 CA P A C I T Y P R O J E C T S Bo d e g a a n d W e b s t e r W a t e r M a i n ( C a p ) 33 , 0 0 0 1 , 6 5 5 , 0 0 0 1, 6 8 8 , 0 0 0 Ca s a G r a n d e R d . W a t e r M a i n E x t e n s i o n ( C a p ) 1, 5 3 0 , 0 0 0 1, 5 3 0 , 0 0 0 Co p e l a n d S t . W a t e r M a i n R e p l a c e m e n t ( C a p ) 50 0 , 0 0 0 7 5 0 , 0 0 0 1, 2 5 0 , 0 0 0 Pe t a l u m a B l v d N o r t h W a t e r M a i n ( C a p ) 2, 5 4 5 , 0 0 0 2, 5 4 5 , 0 0 0 Pe t a l u m a B l v d . 1 2 " M a i n R e p l a c e ( C a p ) 4, 0 2 5 , 0 0 0 4, 0 2 5 , 0 0 0 Ra i n e r W a t e r M a i n E x t e n s i o n ( C a p ) 75 0 , 0 0 0 1 , 5 0 0 , 0 0 0 2 , 2 5 0 , 0 0 0 SR C J E C o n n e c t i o n ( C a p ) 25 0 , 0 0 0 25 0 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ Su b t o t a l 4, 0 2 5 , 0 0 0 2 5 0 , 0 0 0 1 , 5 3 0 , 0 0 0 2 , 5 7 8 , 0 0 0 1 , 6 5 5 , 0 0 0 5 0 0 , 0 0 0 7 5 0 , 0 0 0 0 0 7 5 0 , 0 0 0 1 , 5 0 0 , 0 0 0 1 3 , 5 3 8 , 0 0 0 TO T A L W A T E R C I P 6, 2 6 9 , 0 0 0 8 8 7 , 0 0 0 4 , 0 0 1 , 0 0 0 3 , 0 7 8 , 0 0 0 2 , 8 4 5 , 0 0 0 3 , 9 0 5 , 0 0 0 3 , 3 8 0 , 0 0 0 4 , 4 0 0 , 0 0 0 4 , 2 5 0 , 0 0 0 3 , 8 5 0 , 0 0 0 4 , 4 7 0 , 0 0 0 4 1 , 3 3 5 , 0 0 0 TO T A L W I T H 3 % C O S T E S C A L A T I O N 6, 2 6 9 , 0 0 0 9 1 4 , 0 0 0 4 , 2 4 5 , 0 0 0 3 , 3 6 3 , 0 0 0 3 , 2 0 2 , 0 0 0 4 , 5 2 7 , 0 0 0 4 , 0 3 6 , 0 0 0 5 , 4 1 1 , 0 0 0 5 , 3 8 4 , 0 0 0 5 , 0 2 3 , 0 0 0 6 , 0 0 7 , 0 0 0 4 8 , 3 8 1 , 0 0 0 Cu m u l a t i v e 6, 2 6 9 , 0 0 0 7 , 1 8 3 , 0 0 0 1 1 , 4 2 8 , 0 0 0 1 4 , 7 9 1 , 0 0 0 1 7 , 9 9 3 , 0 0 0 2 2 , 5 2 0 , 0 0 0 2 6 , 5 5 6 , 0 0 0 3 1 , 9 6 7 , 0 0 0 3 7 , 3 5 1 , 0 0 0 4 2 , 3 7 4 , 0 0 0 4 8 , 3 8 1 , 0 0 0 % o f T o t a l 13 % 1 5 % 2 4 % 3 1 % 3 7 % 4 7 % 5 5 % 6 6 % 7 7 % 8 8 % 1 0 0 % AT T A C H M E N T 1 - Fu l l an d Re d u c e d CI P Sc e n a r i o s fo r Wa t e r an d Wa s t e w a t e r En t e r p r i s e Fu n d s dĂ ď ů Ğ ϲ &Ƶ ů ů / W ŝ ƚ Ǉ Ž Ĩ W Ğ ƚ Ă ů Ƶ ŵ Ă ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ & ŝ ƌ Ɛ ƚ ϱ z Ğ Ă ƌ Ɛ ͗ Ψ ϭ ͕ Ϭ ϭ ϰ ͕ Ϭ Ϭ Ϭ tĂ ƚ Ğ ƌ Ă Ɖ ŝ ƚ Ă ů / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ W ů Ă Ŷ ͗ Z Ğ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ W ƌ Ž ũ Ğ Đ ƚ Ɛ ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ ^ Ƶ ď Ɛ Ğ Ƌ Ƶ Ğ Ŷ ƚ z Ğ Ă ƌ Ɛ ͗ Ψ Ϯ ͕ ϭ ϭ ϵ ͕ Ϭ Ϭ Ϭ ϮϬ ϭ ϲ ͬ ϭ ϳ Ϯ Ϭ ϭ ϳ ͬ ϭ ϴ Ϯ Ϭ ϭ ϴ ͬ ϭ ϵ Ϯ Ϭ ϭ ϵ ͬ Ϯ Ϭ Ϯ Ϭ Ϯ Ϭ ͬ Ϯ ϭ Ϯ Ϭ Ϯ ϭ ͬ Ϯ Ϯ Ϯ Ϭ Ϯ Ϯ ͬ Ϯ ϯ Ϯ Ϭ Ϯ ϯ ͬ Ϯ ϰ Ϯ Ϭ Ϯ ϰ ͬ Ϯ ϱ ϮϬ Ϯ ϱ ͬ Ϯ ϲ Ϯ Ϭ Ϯ ϲ ͬ Ϯ ϳ d K d > Ž Ŷ Ɛ ƚ ƌ Ƶ Đ ƚ ŝ Ž Ŷ Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϭ ͘ Ϭ Ϭ ϭ ͘ Ϭ ϯ ϭ ͘ Ϭ ϲ ϭ ͘ Ϭ ϵ ϭ ͘ ϭ ϯ ϭ ͘ ϭ ϲ ϭ ͘ ϭ ϵ ϭ ͘ Ϯ ϯ ϭ ͘ Ϯ ϳϭ ͘ ϯ Ϭ ϭ ͘ ϯ ϰ Z W > D E d ^ Θ h W ' Z ^ dƌ Ă Ŷ Ɛ ŵ ŝ Ɛ Ɛ ŝ Ž Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ Ɛ ϭ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ψ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ WĂ ƌ Ŭ / ƌ ƌ ŝ Ő Ă ƚ ŝ Ž Ŷ h Ɖ Ő ƌ Ă Ě Ğ Ɛ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϱ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϱ Ϭ ͕Ϭ Ϭ ϬϬ Ϭ Ϭ Ϭ ϳϱ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ ϱ Ϭ ͕ Ϭ Ϭ Ϭ W / d z W Z K : d ^ KĂ Ŭ ŵ Ğ Ă Ě < Ă ŝ Ɛ Ğ ƌ ǆ ƚ Ğ Ŷ Ɛ ŝ Ž Ŷ ; W ƌ Ž Ɖ ϭ Ϳ ; Ă Ɖ Ϳ ϳϮ Ϭ ͕ Ϭ Ϭ Ϭ ϳϮ Ϭ ͕ Ϭ Ϭ Ϭ ^Ž Ŷ Ž ŵ Ă D Ŷ ƚ ͘ ǆ ƚ Ğ Ŷ Ɛ ŝ Ž Ŷ ; W ƌ Ž Ɖ ϭ Ϳ ; Ă Ɖ Ϳ Ϯϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϲ ϳ ϴ ͕ Ϭ Ϭ Ϭ ϭ͕ ϳ Ϭ ϯ ͕ Ϭ Ϭ Ϭ E t Z h ƌ ď Ă Ŷ W Ś Ă Ɛ Ğ ϭ ; Ă Ɖ Ϳ ϳϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϯ Ϭ Ϭ͕ Ϭ Ϭ Ϭ ϴ͕ ϰ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ E t Z h ƌ ď Ă Ŷ W Ś Ă Ɛ Ğ Ϯ ; Ă Ɖ Ϳ ϭ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϴ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ZĂ ŝ Ŷ Ğ ƌ Z Ğ Đ Ǉ ů Ğ Ě t Ă ƚ Ğ ƌ D Ă ŝ Ŷ ǆ ƚ Ğ Ŷ Ɛ ŝ Ž Ŷ ; Ă Ɖ Ϳ ϳϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϳϰ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϲ ϳ ϴ ͕ Ϭ Ϭ Ϭ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϯ Ϭ Ϭ͕ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϵ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϲ ͕ Ϭ ϳ ϯ ͕ Ϭ Ϭ Ϭ dK d > / W ϳϵ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϲ ϳ ϴ ͕ Ϭ Ϭ Ϭ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϴ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϵ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϴ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϵ ͕ ϭ Ϯ ϯ ͕ Ϭ Ϭ Ϭ dK d > t / d , ϯ й K ^ d ^ > d / K E ϳϵ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϳ Ϯ ϴ ͕ Ϭ Ϭ Ϭ ϳ ϵ ϲ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϯ ϵ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϰϬ ϳ ͕ Ϭ Ϭ Ϭ ϴ ϲ ϵ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϰ Ϭ ϯ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϳ Ϭ ϲ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ ϱ ϰ ϰ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϰ ϱ ϭ ͕ Ϭ Ϭ Ϭ Ϯ Ϯ ͕ ϵ ϵ ϰ ͕ Ϭ Ϭ Ϭ Ƶ ŵ Ƶ ů Ă ƚ ŝ ǀ Ğ ϳϵ ϱ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϯ ϯ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϯ ϭ ϵ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϲ ϭ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ Ϯ ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϵ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϭ͕ Ϯ ϵ ϯ ͕ Ϭ Ϭ Ϭ ϭ ϯ ͕ ϵ ϵ ϵ ͕ Ϭ Ϭ Ϭ ϭ ϯ ͕ ϵ ϵ ϵ ͕ Ϭ Ϭ Ϭ ϭ ϲ ͕ ϱ ϰ ϯ ͕ Ϭ Ϭ Ϭ Ϯ Ϯ ͕ ϵ ϵ ϰ ͕ Ϭ Ϭ Ϭ й Ž Ĩ d Ž ƚ Ă ů ϯй ϭ ϭ й ϭ ϰ й Ϯ ϰ й ϯ ϭ й ϯ ϰ й ϰ ϵ й ϲ ϭ й ϲ ϭ й ϳ Ϯ й ϭ Ϭ Ϭ й Kd , Z & h E / E ' ^ K h Z ^ Wƌ ŝ ǀ Ă ƚ Ğ & Ƶ Ŷ Ě ŝ Ŷ Ő Ő ƌ Ğ Ğ ŵ Ğ Ŷ ƚ ; < Ă ŝ Ɛ Ğ ƌ Ϳ ϯϳ ϳ ͕ Ϭ Ϭ Ϭ ϯϳ ϳ ͕ Ϭ Ϭ Ϭ ^ƚ Ă ƚ Ğ W ƌ Ž Ɖ ϭ Ͳ h ƌ ď Ă Ŷ ;E t Z Ϳ ϰϭ Ϭ ͕ Ϭ Ϭ Ϭ ϰϯ Ϭ ͕ Ϭ Ϭ Ϭ ϯϬ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϭ ϰ Ϭ ͕ Ϭ Ϭ Ϭ Ƶ ƌ Ğ Ă Ƶ Ž Ĩ Z Ğ Đ ů Ă ŵ Ă ƚ ŝ Ž Ŷ Ͳ h ƌ ď Ă Ŷ ; E t Z Ϳ ϭ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ͕ Ϭ ϳ ϱ ͕ Ϭ Ϭ Ϭ ϳϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϴ Ϯ ϱ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϯϳ ϳ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϰ ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϱ Ϭ ϱ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ Ϭ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϯ ϰ Ϯ ͕ Ϭ Ϭ Ϭ ^Ƶ ď ƚ Ž ƚ Ă ů ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϯϳ ϳ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϰ ϰ ϴ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϭ Ϯ ϲ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϴ ϱ ϭ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϰ ϭ ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϯ ϭ ϯ ͕ Ϭ Ϭ Ϭ dK d > E d Z z > t d Z / W ϰϭ ϴ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϲ ϳ ϴ ͕ Ϭ Ϭ Ϭ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϲ ϵ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ϱ Ϭ ͕Ϭ Ϭ Ϭ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϴ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ϵ ϱ ͕ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϵ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϰ ͕ ϳ ϴ ϭ ͕ Ϭ Ϭ Ϭ dK d > t / d , ϯ й K ^ d ^ > d / K E ϰϭ ϴ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϳ Ϯ ϴ ͕ Ϭ Ϭ Ϭ ϳ ϵ ϲ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϴ ϰ ϳ ͕ Ϭ Ϭ Ϭ Ϯ ϴ ϭ͕ Ϭ Ϭ Ϭ ϴ ϲ ϵ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϰ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ϴ ϱ ϱ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ ϱ ϰ ϰ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ ϰ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϳ ͕ ϳ ϴ ϭ ͕ Ϭ Ϭ Ϭ dK d > > > t d Z W Z K : d ^ EĞ ƚ & Ƶ Ŷ Ě ŝ Ŷ Ő Z Ğ Ƌ Ƶ ŝ ƌ Ğ ŵ Ğ Ŷ ƚ ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ tĂ ƚ Ğ ƌ ^ Ǉ Ɛ ƚ Ğ ŵ Ă Ɖ ŝ ƚ Ă ů / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ Ɛ ϲ ͕ Ϯ ϲ ϵ ͕ Ϭ Ϭ Ϭ ϵ ϭ ϰ ͕ Ϭ Ϭ Ϭ ϰ ͕ Ϯ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϯ ϲ ϯ ͕Ϭ Ϭ Ϭ ϯ ͕ Ϯ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϱ Ϯ ϳ ͕ Ϭ Ϭ Ϭ ϰ ͕ Ϭ ϯ ϲ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϰ ϭ ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϯ ϴ ϰ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ Ϯ ϯ ͕ Ϭ Ϭ Ϭ ϲ ͕ Ϭ Ϭ ϳ ͕ Ϭ Ϭ Ϭ ϰ ϴ ͕ ϯ ϴ ϭ ͕ Ϭ Ϭ Ϭ ZĞ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ W ƌ Ž ũ Ğ Đ ƚ Ɛ ϰ ϭ ϴ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϳ Ϯ ϴ ͕ Ϭ Ϭ Ϭ ϳ ϵ ϲ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϴ ϰ ϳ ͕ Ϭ Ϭ Ϭ Ϯ ϴ ϭ ͕ Ϭ Ϭ Ϭ ϴ ϲϵ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϰ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ϴ ϱ ϱ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ ϱ ϰ ϰ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ ϰ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϳ ͕ ϳ ϴ ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ dK d > ϲ͕ ϲ ϴ ϳ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϰ Ϯ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ ϰ ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϯ ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϰ ϴ ϯ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϯ ϵ ϲ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϰ ϯ ϵ ͕ Ϭ Ϭ Ϭ ϲ ͕ Ϯ ϲ ϲ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϯ ϴ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϱ ϲ ϳ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ Ϭ ϰ ϳ ͕ Ϭ Ϭ Ϭ ϲ ϲ ͕ ϭ ϲ Ϯ ͕ Ϭ Ϭ Ϭ 16 Ta b l e 5 B Re d u c e d C I P Ci t y o f P e t a l u m a Av e r a g e A n n u a l C I P F u n d i n g N e e d s , C u r r e n t ‐ F Y 2 0 2 1 / 2 2 : $ 3 , 6 5 3 , 0 0 0 Wa t e r C a p i t a l I m p r o v e m e n t P l a n : N o R e c y c l e d P r o j e c t s Av e r a g e A n n u a l C I P F u n d i n g N e e d s , S u b s e q u e n t Y e a r s : $ 4 , 5 3 4 , 0 0 0 20 1 6 / 1 7 2 0 1 7 / 1 8 2 0 1 8 / 1 9 2 0 1 9 / 2 0 2 0 2 0 / 2 1 2 0 2 1 / 2 2 2 0 2 2 / 2 3 2 0 2 3 / 2 4 2 0 2 4 / 2 5 2 0 2 5 / 2 6 2 0 2 6 / 2 7 T O T A L Co n s t r u c t i o n C o s t E s c a l a t i o n 1. 0 0 1 . 0 3 1 . 0 6 1 . 0 9 1 . 1 3 1 . 1 6 1 . 1 9 1 . 2 3 1 . 2 7 1 . 3 0 1 . 3 4 RE P L A C E M E N T S & U P G R A D E S Bo o s t e r P u m p R e p l a c e m e n t s 1, 2 0 0 , 0 0 0 1, 2 0 0 , 0 0 0 $2 , 4 0 0 , 0 0 0 Ha r d i n a n d M a n o r T a n k R e t r o f i t ba c k 1 y e a r 1 1 2 , 0 0 0 1 , 2 2 0 , 0 0 0 1, 3 3 2 , 0 0 0 Oa k H i l l R o o f R e p l a c e m e n t Cu t C u t 0 Pa u l a L a n e T a n k R e t r o f i t C o m p l e t i o n 1, 5 5 5 , 0 0 0 1, 5 5 5 , 0 0 0 Ta n k R e t r o f i t s 80 0 , 0 0 0 80 0 , 0 0 0 We l l & P u m p S t a t i o n U p g r a d e s 50 0 , 0 0 0 50 0 , 0 0 0 o rw a r d 1 y e a r 50 0 , 0 0 0 ba c k 1 y e a r 5 0 0 , 0 0 0 2 , 0 0 0 , 0 0 0 Aq u e d u c t T u r n o u t U p g r a d e s 70 0 , 0 0 0 b a c k 1 y e a r 1 , 0 0 0 , 0 0 0 1, 0 0 0 , 0 0 0 2, 7 0 0 , 0 0 0 US H W Y 1 0 1 U n d e r c r o s s i n g R e p l a c e m e n t s 50 0 , 0 0 0 1 , 7 0 0 , 0 0 0 5 0 0 , 0 0 0 2, 7 0 0 , 0 0 0 Wa t e r M a i n R e p l a c e m e n t s ( L o c a l S t r e e t s ) 50 0 , 0 0 0 1, 7 5 0 , 0 0 0 1, 7 5 0 , 0 0 0 u p 1 y e a r 1, 7 5 0 , 0 0 0 5 , 7 5 0 , 0 0 0 Wa t e r S e r v i c e R e p l a c e m e n t s 50 0 , 0 0 0 1, 1 7 0 , 0 0 0 1, 1 9 0 , 0 0 0 1, 2 0 0 , 0 0 0 u p 1 y e a r 1 , 2 2 0 , 0 0 0 up 2 y e a r s 5 , 2 8 0 , 0 0 0 Pa y r a n U n d e r g r o u n d T a n k R e m e d i a t i o n 18 9 , 0 0 0 1 8 0 , 0 0 0 8 1 , 0 0 0 45 0 , 0 0 0 __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ Su b t o t a l 2, 2 4 4 , 0 0 0 6 8 0 , 0 0 0 1 , 3 6 3 , 0 0 0 1 , 7 2 0 , 0 0 0 1 , 6 9 0 , 0 0 0 2 , 4 5 0 , 0 0 0 1 , 2 0 0 , 0 0 0 4 , 9 5 0 , 0 0 0 3 , 7 2 0 , 0 0 0 2 , 7 0 0 , 0 0 0 2 , 2 5 0 , 0 0 0 2 4 , 9 6 7 , 0 0 0 CA P A C I T Y P R O J E C T S Bo d e g a a n d W e b s t e r W a t e r M a i n ( C a p ) 33 , 0 0 0 1 , 6 5 5 , 0 0 0 1, 6 8 8 , 0 0 0 Ca s a G r a n d e R d . W a t e r M a i n E x t e n s i o n ( C a p ) 1, 5 3 0 , 0 0 0 1, 5 3 0 , 0 0 0 Co p e l a n d S t . W a t e r M a i n R e p l a c e m e n t ( C a p ) 50 0 , 0 0 0 7 5 0 , 0 0 0 1, 2 5 0 , 0 0 0 Pe t a l u m a B l v d N o r t h W a t e r M a i n ( C a p ) 2, 5 4 5 , 0 0 0 2, 5 4 5 , 0 0 0 Pe t a l u m a B l v d . 1 2 " M a i n R e p l a c e ( C a p ) 4, 0 2 5 , 0 0 0 4, 0 2 5 , 0 0 0 Ra i n e r W a t e r M a i n E x t e n s i o n ( C a p ) 75 0 , 0 0 0 1 , 5 0 0 , 0 0 0 2 , 2 5 0 , 0 0 0 SR C J E C o n n e c t i o n ( C a p ) dr o p p e d 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ Su b t o t a l 4, 0 2 5 , 0 0 0 0 1 , 5 3 0 , 0 0 0 2 , 5 7 8 , 0 0 0 1 , 6 5 5 , 0 0 0 5 0 0 , 0 0 0 7 5 0 , 0 0 0 0 0 7 5 0 , 0 0 0 1 , 5 0 0 , 0 0 0 1 3 , 2 8 8 , 0 0 0 TO T A L W A T E R C I P 6, 2 6 9 , 0 0 0 6 8 0 , 0 0 0 2 , 8 9 3 , 0 0 0 4 , 2 9 8 , 0 0 0 3 , 3 4 5 , 0 0 0 2 , 9 5 0 , 0 0 0 1 , 9 5 0 , 0 0 0 4 , 9 5 0 , 0 0 0 3 , 7 2 0 , 0 0 0 3 , 4 5 0 , 0 0 0 3 , 7 5 0 , 0 0 0 3 8 , 2 5 5 , 0 0 0 TO T A L W I T H 3 % C O S T E S C A L A T I O N 6, 2 6 9 , 0 0 0 7 0 0 , 0 0 0 3 , 0 6 9 , 0 0 0 4 , 6 9 7 , 0 0 0 3 , 7 6 5 , 0 0 0 3 , 4 2 0 , 0 0 0 2 , 3 2 8 , 0 0 0 6 , 0 8 8 , 0 0 0 4 , 7 1 2 , 0 0 0 4 , 5 0 1 , 0 0 0 5 , 0 4 0 , 0 0 0 4 4 , 5 8 9 , 0 0 0 Cu m u l a t i v e 6, 2 6 9 , 0 0 0 6 , 9 6 9 , 0 0 0 1 0 , 0 3 8 , 0 0 0 1 4 , 7 3 5 , 0 0 0 1 8 , 5 0 0 , 0 0 0 2 1 , 9 2 0 , 0 0 0 2 4 , 2 4 8 , 0 0 0 3 0 , 3 3 6 , 0 0 0 3 5 , 0 4 8 , 0 0 0 3 9 , 5 4 9 , 0 0 0 4 4 , 5 8 9 , 0 0 0 % o f T o t a l 14 % 1 6 % 2 3 % 3 3 % 4 1 % 4 9 % 5 4 % 6 8 % 7 9 % 8 9 % 1 0 0 % Ta b l e 6 B Re d u c e d C I P Ci t y o f P e t a l u m a Av e r a g e A n n u a l C I P F u n d i n g N e e d s , C u r r e n t ‐ F Y 2 0 2 1 / 2 2 : $ 4 5 4 , 0 0 0 Wa t e r C a p i t a l I m p r o v e m e n t P l a n : R e c y c l e d W a t e r P r o j e c t s Av e r a g e A n n u a l C I P F u n d i n g N e e d s , S u b s e q u e n t Y e a r s : $ 4 0 3 , 0 0 0 20 1 6 / 1 7 2 0 1 7 / 1 8 2 0 1 8 / 1 9 2 0 1 9 / 2 0 2 0 2 0 / 2 1 2 0 2 1 / 2 2 2 0 2 2 / 2 3 2 0 2 3 / 2 4 2 0 2 4 / 2 5 2 0 2 5 / 2 6 2 0 2 6 / 2 7 T O T A L Co n s t r u c t i o n C o s t E s c a l a t i o n 1 . 0 0 1 . 0 3 1 . 0 6 1 . 0 9 1 . 1 3 1 . 1 6 1 . 1 9 1 . 2 3 1 . 2 7 1 . 3 0 1 . 3 4 RE P L A C E M E N T S & U P G R A D E S Tr a n s m i s s i o n R e p l a c e m e n t s 1, 5 0 0 , 0 0 0 $ 1 , 5 0 0 , 0 0 0 Pa r k I r r i g a t i o n U p g r a d e s 5 0 , 0 0 0 5 0 0 , 0 0 0 c u t 5 5 0 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ Su b t o t a l 50 , 0 0 0 00 0 0 50 0 , 0 0 0 00 0 0 1, 5 0 0 , 0 0 0 2 , 0 5 0 , 0 0 0 CA P A C I T Y P R O J E C T S Oa k m e a d K a i s e r E x t e n s i o n ( P r o p 1 ) ( C a p ) 72 0 , 0 0 0 72 0 , 0 0 0 So n o m a M n t . E x t e n s i o n ( P r o p 1 ) ( C a p ) 25 , 0 0 0 1 , 6 7 8 , 0 0 0 1, 7 0 3 , 0 0 0 NB W R A U r b a n P h a s e 1 ( C a p ) Cu t C u t C u t Cu t C u t 0 NB W R A U r b a n P h a s e 2 ( C a p ) Cu t C u t 0 Ra i n e r R e c y l e d W a t e r M a i n E x t e n s i o n ( C a p ) Cu t C u t 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ Su b t o t a l 74 5 , 0 0 0 1 , 6 7 8 , 0 0 0 00 0 0 0 0 0 0 0 2, 4 2 3 , 0 0 0 TO T A L C I P 79 5 , 0 0 0 1 , 6 7 8 , 0 0 0 0 0 0 5 0 0 , 0 0 0 00 0 0 1, 5 0 0 , 0 0 0 4 , 4 7 3 , 0 0 0 TO T A L W I T H 3 % C O S T E S C A L A T I O N 79 5 , 0 0 0 1 , 7 2 8 , 0 0 0 0 0 0 5 8 0 , 0 0 0 00 0 0 2, 0 1 6 , 0 0 0 5 , 1 1 9 , 0 0 0 Cu m u l a t i v e 79 5 , 0 0 0 2 , 5 2 3 , 0 0 0 2 , 5 2 3 , 0 0 0 2 , 5 2 3 , 0 0 0 2 , 5 2 3 , 0 0 0 3 , 1 0 3 , 0 0 0 3 , 1 0 3 , 0 0 0 3 , 1 0 3 , 0 0 0 3 , 1 0 3 , 0 0 0 3 , 1 0 3 , 0 0 0 5 , 1 1 9 , 0 0 0 % o f T o t a l 16 % 4 9 % 4 9 % 4 9 % 4 9 % 6 1 % 6 1 % 6 1 % 6 1 % 6 1 % 1 0 0 % OT H E R F U N D I N G S O U R C E S Pr i v a t e F u n d i n g A g r e e m e n t ( K a i s e r ) 37 7 , 0 0 0 37 7 , 0 0 0 St a t e P r o p 1 ‐ U r b a n (N B W R A ) Cu t Cu t Cu t 0 Bu r e a u o f R e c l a m a t i o n ‐ U r b a n ( N B W R A ) Cu t Cu t Cu t 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ Su b t o t a l 37 7 , 0 0 0 00 0 0 0 0 0 0 0 0 37 7 , 0 0 0 Su b t o t a l w i t h 3 % C o s t E s c a l a t i o n 37 7 , 0 0 0 00 0 0 0 0 0 0 0 0 37 7 , 0 0 0 Ne t C I P t o b e F u n d e d 41 8 , 0 0 0 1 , 6 7 8 , 0 0 0 0 0 0 5 0 0 , 0 0 0 00 0 0 1, 5 0 0 , 0 0 0 4 , 0 9 6 , 0 0 0 Ne t C I P t o b e F u n d e d w i t h C o s t E s c . 41 8 , 0 0 0 1 , 7 2 8 , 0 0 0 0 0 0 5 8 0 , 0 0 0 0 0 0 0 2 , 0 1 6 , 0 0 0 4 , 7 4 2 , 0 0 0 TO T A L A L L W A T E R P R O J E C T S Ne t F u n d i n g R e q u i r e m e n t w i t h 3 % C o s t E s c a l a t i o n Wa t e r S y s t e m C a p i t a l I m p r o v e m e n t s 6 , 2 6 9 , 0 0 0 7 0 0 , 0 0 0 3 , 0 6 9 , 0 0 0 4 , 6 9 7 , 0 0 0 3 , 7 6 5 , 0 0 0 3 , 4 2 0 , 0 0 0 2 , 3 2 8 , 0 0 0 6 , 0 8 8 , 0 0 0 4 , 7 1 2 , 0 0 0 4 , 5 0 1 , 0 0 0 5 , 0 4 0 , 0 0 0 4 4 , 5 8 9 , 0 0 0 Re c y c l e d W a t e r P r o j e c t s 4 1 8 , 0 0 0 1 , 7 2 8 , 0 0 0 0 0 0 5 8 0 , 0 0 0 00 0 0 2, 0 1 6 , 0 0 0 4 , 7 4 2 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ TO T A L 6, 6 8 7 , 0 0 0 2 , 4 2 8 , 0 0 0 3 , 0 6 9 , 0 0 0 4 , 6 9 7 , 0 0 0 3 , 7 6 5 , 0 0 0 4 , 0 0 0 , 0 0 0 2 , 3 2 8 , 0 0 0 6 , 0 8 8 , 0 0 0 4 , 7 1 2 , 0 0 0 4 , 5 0 1 , 0 0 0 7 , 0 5 6 , 0 0 0 4 9 , 3 3 1 , 0 0 0 Cu m u l a t i v e 6, 6 8 7 , 0 0 0 9 , 1 1 5 , 0 0 0 1 2 , 1 8 4 , 0 0 0 1 6 , 8 8 1 , 0 0 0 2 0 , 6 4 6 , 0 0 0 2 4 , 6 4 6 , 0 0 0 2 6 , 9 7 4 , 0 0 0 3 3 , 0 6 2 , 0 0 0 3 7 , 7 7 4 , 0 0 0 4 2 , 2 7 5 , 0 0 0 4 9 , 3 3 1 , 0 0 0 dĂ ď ů Ğ ϰ &Ƶ ů ů / W ŝ ƚ Ǉ Ž Ĩ W Ğ ƚ Ă ů Ƶ ŵ Ă ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ & ŝ ƌ Ɛ ƚ ϱ z Ğ Ă ƌ Ɛ ͗ Ψ ϭ Ϭ ͕ Ϭ ϯ Ϭ ͕ Ϭ Ϭ Ϭ tĂ Ɛ ƚ Ğ ǁ Ă ƚ Ğ ƌ Ă Ɖ ŝ ƚ Ă ů / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ W ů Ă Ŷ ͗ t Ă Ɛ ƚ Ğ ǁ Ă ƚ Ğ ƌ W ƌ Ž ũ Ğ Đ ƚ Ɛ ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ ^ Ƶ ď Ɛ Ğ Ƌ Ƶ Ğ Ŷ ƚ z Ğ Ă ƌ Ɛ ͗ Ψ ϳ ͕ ϵ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϮϬ ϭ ϲ ͬ ϭ ϳ Ϯ Ϭ ϭ ϳ ͬ ϭ ϴ Ϯ Ϭ ϭ ϴ ͬ ϭ ϵ Ϯ Ϭ ϭ ϵ ͬ Ϯ Ϭ Ϯ Ϭ Ϯ Ϭ ͬ Ϯ ϭ Ϯ Ϭ Ϯ ϭ ͬ Ϯ Ϯ Ϯ Ϭ Ϯ Ϯ ͬ Ϯ ϯ Ϯ Ϭ Ϯ ϯ ͬ Ϯ ϰ Ϯ Ϭ Ϯ ϰ ͬ Ϯ ϱ ϮϬ Ϯ ϱ ͬ Ϯ ϲ Ϯ Ϭ Ϯ ϲ ͬ Ϯ ϳ d K d > Ž Ŷ Ɛ ƚ ƌ Ƶ Đ ƚ ŝ Ž Ŷ Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϭ ͘ Ϭ Ϭ ϭ ͘ Ϭ ϯ ϭ ͘ Ϭ ϲ ϭ ͘ Ϭ ϵ ϭ ͘ ϭ ϯ ϭ ͘ ϭ ϲ ϭ ͘ ϭ ϵ ϭ ͘ Ϯ ϯ ϭ ͘ Ϯ ϳϭ ͘ ϯ Ϭ ϭ ͘ ϯ ϰ Z W > D E d W Z K : d ^ Ϯ ͗ ů ů ŝ Ɛ ƌ Ğ Ğ Ŭ ^ Ž ů ŝ Ě Ɛ h Ɖ Ő ƌ Ă Ě Ğ Ɛ ϴ ͕ ϵ ϵ ϰ ͕ Ϭ Ϭ Ϭ Ψϴ ͕ ϵ ϵ ϰ ͕ Ϭ Ϭ Ϭ Ϯ ͗ E ' & Ƶ Ğ ů ŝ Ŷ Ő ^ ƚ Ă ƚ ŝ Ž Ŷ ϲ ϭ ϱ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϭ ϯ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϭ ϯ ͕ Ϭ Ϭ Ϭ ϱ͕ ϴ ϰ ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͗ , ŝ Ő Ś ^ ƚ ƌ Ğ Ŷ Ő ƚ Ś t Ă Ɛ ƚ Ğ & Ă Đ ŝ ů ŝ ƚ ŝ Ğ Ɛ ϳ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ϰ ͕ Ϭ ϲ ϴ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ Ϯ ϱ ͕ Ϭ Ϭ Ϭ ϳ͕ ϳ ϵ ϲ ͕ Ϭ Ϭ Ϭ t Z & ͗ Ś Ğ ŵ ŝ Đ Ă ů ^ Ǉ Ɛ ƚ Ğ ŵ h Ɖ Ő ƌ Ă Ě Ğ Ɛ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϯ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϴ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯ͕ ϯ ϯ ϱ ͕ Ϭ Ϭ Ϭ t Z & ͗ & Ƶ ƚ Ƶ ƌ Ğ h Ɖ Ő ƌ Ă Ě Ğ Ɛ ϭ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ t Z & ͗ ƌ ŝ Ě Ő Ğ ϯ ϲ ϵ ͕ Ϭ Ϭ Ϭ ϯϲ ϵ ͕ Ϭ Ϭ Ϭ ^Ğ ǁ Ğ ƌ D Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ ; > Ž Đ Ă ů ^ ƚ ƌ Ğ Ğ ƚ Ɛ Ϳ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϱ ϯ ϱ ͕ Ϭ ϬϬ ϭ ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϱ ͕ ϴ ϱ ϵ ͕ Ϭ Ϭ Ϭ WĞ ƚ Ă ů Ƶ ŵ Ă ů ǀ Ě D Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ^ Ğ ǁ Ğ ƌ ů Ğ ŵ Ğ Ŷ ƚ Ϯ ϭ Ϯ ͕ Ϭ Ϭ Ϭ Ϯϭ Ϯ ͕ Ϭ Ϭ Ϭ ^Ğ ǁ Ğ ƌ D Ă Ŷ Ś Ž ů Ğ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ Ϯ ϴ ͕ Ϭ Ϭ Ϭ ϯ ϱ ϲ ͕ Ϭ Ϭ Ϭ ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϯ ϯ ϰ͕ Ϭ Ϭ Ϭ Ž Ɖ Ğ ů Ă Ŷ Ě > ŝ Ĩ ƚ ^ ƚ Ă ƚ ŝ Ž Ŷ h Ɖ Ő ƌ Ă Ě Ğ ϭ ͕ ϯ ϰ Ϯ ͕ Ϭ Ϭ Ϭ ϭ͕ ϯ ϰ Ϯ ͕ Ϭ Ϭ Ϭ WĂ Ǉ ƌ Ă Ŷ > ŝ Ĩ ƚ ^ ƚ Ă ƚ ŝ Ž Ŷ h Ɖ Ő ƌ Ă Ě Ğ ϱ ϳ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϲ ϵ ϳ ͕ Ϭ Ϭ Ϭ Ϯ͕ Ϯ ϲ ϳ ͕ Ϭ Ϭ Ϭ KĂ Ŭ ŵ Ğ Ă Ě ͕ Z Ğ Ě ǁ Ž Ž Ě ͕ K Ƶ ƚ ů Ğ ƚ ^ Ğ ǁ Ğ ƌ > ŝ Ĩ ƚ ϵ ϱ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϴ Ϭ ϴ ͕ Ϭ Ϭ Ϭ Ϯ͕ ϳ ϲ ϯ ͕ Ϭ Ϭ Ϭ W/ W ^ K Ě Ž ƌ Ž Ŷ ƚ ƌ Ž ů Θ ŵ Ğ ƌ Ő Ğ Ŷ Đ Ǉ ^ ƚ Ž ƌ Ă Ő Ğ ϵ ϴ Ϯ ͕ Ϭ Ϭ Ϭ ϵϴ Ϯ ͕ Ϭ Ϭ Ϭ W/ W ^ & Ž ƌ Đ Ğ ŵ Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ ϭϮ Ϯ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϳ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ Ϭ ϰ Ϯ ͕ Ϭ Ϭ Ϭ Ğ ŵ Ž ů ŝ ƚ ŝ Ž Ŷ Ă ƚ , Ž Ɖ Ɖ Ğ ƌ ^ ƚ ͘ Ϯϱ ͕ Ϭ Ϭ Ϭ ϳ ϱ ͕ Ϭ Ϭ Ϭ ϱ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϭ ϱ Ϭ ͕ Ϭ Ϭ Ϭ W/ W ^ , ŝ Ő Ś Ă Ɖ Ă Đ ŝ ƚ Ǉ W Ƶ ŵ Ɖ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ϰ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ͕ ϴ ϲ Ϭ ͕ Ϭ Ϭ Ϭ /Θ / & ů Ž ǁ D Ž Ŷ ŝ ƚ Ž ƌ ŝ Ŷ Ő / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ Ɛ ϴϬ Ϭ ͕ Ϭ Ϭ Ϭ ϴ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ^ Ă Ŷ Ě W ƌ Ž Ő ƌ Ă ŵ ŵ ŝ Ŷ Ő h Ɖ Ő ƌ Ă Ě Ğ Ɛ ϭ͕ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϭϯ ͕ Ϯ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϳ ϱ ϭ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϰ ϴ ϱ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϵ ϲ ϱ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϯ ϴ Ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϯ ϵ ϱ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϯ ϳ ϱ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϲ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϱ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ϯ ͕ ϲ ϰ ϲ ͕ Ϭ Ϭ Ϭ W / d z W Z K : d ^ t Z & ͗ > ŝ Ƌ Ƶ ŝ Ě Ɛ W ƌ Ž Đ Ğ Ɛ Ɛ h Ɖ Ő ƌ Ă Ě Ğ ; Ă Ɖ Ϳ ϱϬ Ϭ ͕ Ϭ Ϭ Ϭ ϴ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ Ϭ Ϭ͕ Ϭ Ϭ Ϭ ϳ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ WĞ ƚ Ă ů Ƶ ŵ Ă ů ǀ Ě d ƌ Ƶ Ŷ Ŭ D Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ ; Ă Ɖ Ϳ Ϯ͕ ϵ ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ͕ ϵ ϭ Ϭ ͕ Ϭ Ϭ Ϭ ^Ğ ǁ Ğ ƌ d ƌ Ƶ Ŷ Ŭ D Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ ; Ă Ɖ Ϳ ϭ͕ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ͕ ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϱ͕ ϱϬ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů Ϭ Ϯ ͕ ϵ ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ ϭ ϱ ͕ ϰ ϭ Ϭ ͕ Ϭ Ϭ Ϭ dK d > t ^ d t d Z / W ϭϯ ͕ Ϯ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϲ ϲ ϭ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϰ ϴ ϱ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϰ ϲ ϱ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϴ ϴ Ϭ͕ Ϭ Ϭ Ϭ ϳ ͕ ϵ ϵ ϱ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϯ ϳ ϱ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϵ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ Ϭ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϴ ϵ ͕ Ϭ ϱ ϲ ͕ Ϭ Ϭ Ϭ dK d > t / d , ϯ й K ^ d ^ > d / K E ϭϯ ͕ Ϯ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϭ Ϯ ͕ Ϭ ϭ ϭ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϭ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ ϲ ϰ͕ Ϭ Ϭ Ϭ ϵ ͕ ϵ ϵ ϱ ͕ Ϭ Ϭ Ϭ ϵ ͕ Ϯ ϲ ϴ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϭ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϯ ϱ ϲ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ ϲ ϳ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϳ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ ϭ Ϭ Ϭ ͕ ϴ ϯ ϴ ͕ Ϭ Ϭ Ϭ Ƶ ŵ Ƶ ů Ă ƚ ŝ ǀ Ğ ϭϯ ͕ Ϯ ϰ ϱ ͕ Ϭ Ϭ Ϭ Ϯ ϱ ͕ Ϯ ϱ ϲ ͕ Ϭ Ϭ Ϭ ϯ ϲ ͕ ϯ ϴ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ϯ ͕ ϰ ϰ ϰ ͕ Ϭ Ϭ Ϭ ϱ ϯ ͕ ϰ ϯ ϵ ͕ Ϭ Ϭ Ϭ ϲ Ϯ ͕ ϳϬ ϳ ͕ Ϭ Ϭ Ϭ ϳ ϯ ͕ ϵ Ϭ ϭ ͕ Ϭ Ϭ Ϭ ϴ ϭ ͕ ϭ ϱ ϳ ͕ Ϭ Ϭ Ϭ ϴ ϲ ͕ Ϯ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϵ ϰ ͕ ϭ ϭ ϴ ͕ Ϭ Ϭ Ϭ ϭ Ϭ Ϭ ͕ ϴ ϯ ϴ ͕ Ϭ Ϭ Ϭ й Ž Ĩ d Ž ƚ Ă ů ϭϯ й Ϯ ϱ й ϯ ϲ й ϰ ϯ й ϱ ϯ й ϲ Ϯ й ϳ ϯ й ϴ Ϭ й ϴ ϲ й ϵ ϯ й ϭ Ϭ Ϭ й y d Z E > & h E / E ' ^ K h Z ^ Ă ů ŝ Ĩ Ž ƌ Ŷ ŝ Ă Ŷ Ğ ƌ Ő Ǉ Ž ŵ ŵ ŝ Ɛ Ɛ ŝ Ž Ŷ ' ƌ Ă Ŷ ƚ Ͳ ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͲͲ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ ϯ ͕ϬϬ Ϭ ͕ Ϭ Ϭ Ϭ Ğ ǀ Ğ ů Ž Ɖ Ğ ƌ Ž Ŷ ƚ ƌ ŝ ď Ƶ ƚ ŝ Ž Ŷ ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ͲͲ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϬϬ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ϯ ͕ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ^Ƶ ď ƚ Ž ƚ Ă ů ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ ϵ Ϭ ͕ Ϭ Ϭ Ϭ ϬϬ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ϯ ͕Ϯϵ Ϭ ͕ Ϭ Ϭ Ϭ EĞ ƚ / W ƚ Ž ď Ğ & Ƶ Ŷ Ě Ğ Ě ϭϯ ͕ Ϭ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϲ ϲ ϭ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϰ ϴ ϱ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϰ ϲ ϱ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϴ ϴ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϵ ϵ ϱ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϯ ϳ ϱ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϵ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ Ϭ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϴ ϱ ͕ ϴ ϱ ϲ ͕ Ϭ Ϭ Ϭ EĞ ƚ / W ƚ Ž ď Ğ & Ƶ Ŷ Ě Ğ Ě ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϭ ϯ ͕ Ϭ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϵ Ϯ ϭ ͕ Ϭ Ϭ Ϭ ϭϭ ͕ ϭ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ ϲ ϰ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϵ ϵ ϱ ͕ Ϭ Ϭ Ϭ ϵ ͕ Ϯ ϲ ϴ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϭ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϯ ϱ ϲ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ ϲ ϳ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϳ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ ϵ ϳ ͕ ϱ ϰ ϴ ͕ Ϭ Ϭ Ϭ 59 dĂ ď ů Ğ ϱ &Ƶ ů ů / W ŝ ƚ Ǉ Ž Ĩ W Ğ ƚ Ă ů Ƶ ŵ Ă ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ & ŝ ƌ Ɛ ƚ ϱ z Ğ Ă ƌ Ɛ ͗ Ψ Ϯ ͕ ϯ ϲ ϯ ͕ Ϭ Ϭ Ϭ tĂ Ɛ ƚ Ğ ǁ Ă ƚ Ğ ƌ Ă Ɖ ŝ ƚ Ă ů / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ W ů Ă Ŷ ͗ Z Ğ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ W ƌ Ž ũ Ğ Đ ƚ Ɛ ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ ^ Ƶ ď Ɛ Ğ Ƌ Ƶ Ğ Ŷ ƚ z Ğ Ă ƌ Ɛ ͗ Ψ ϭ ͕ ϰ ϱ ϯ ͕ Ϭ Ϭ Ϭ ϮϬ ϭ ϲ ͬ ϭ ϳ Ϯ Ϭ ϭ ϳ ͬ ϭ ϴ Ϯ Ϭ ϭ ϴ ͬ ϭ ϵ Ϯ Ϭ ϭ ϵ ͬ Ϯ Ϭ Ϯ Ϭ Ϯ Ϭ ͬ Ϯ ϭ Ϯ Ϭ Ϯ ϭ ͬ Ϯ Ϯ Ϯ Ϭ Ϯ Ϯ ͬ Ϯ ϯ Ϯ Ϭ Ϯ ϯ ͬ Ϯ ϰ Ϯ Ϭ Ϯ ϰ ͬ Ϯ ϱ ϮϬ Ϯ ϱ ͬ Ϯ ϲ Ϯ Ϭ Ϯ ϲ ͬ Ϯ ϳ d K d > Ž Ŷ Ɛ ƚ ƌ Ƶ Đ ƚ ŝ Ž Ŷ Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϭ ͘ Ϭ Ϭ ϭ ͘ Ϭ ϯ ϭ ͘ Ϭ ϲ ϭ ͘ Ϭ ϵ ϭ ͘ ϭ ϯ ϭ ͘ ϭ ϲ ϭ ͘ ϭ ϵ ϭ ͘ Ϯ ϯ ϭ ͘ Ϯ ϳϭ ͘ ϯ Ϭ ϭ ͘ ϯ ϰ Z W > D E d W Z K : d ^ ƌ Ž ǁ Ŷ Ɛ > Ă Ŷ Ğ Z Ğ Đ Ǉ ů Ğ Ě t Ă ƚ Ğ ƌ ϰ ϯ ϵ ͕ Ϭ Ϭ Ϭ Ψϰ ϯ ϵ ͕ Ϭ Ϭ Ϭ ZĞ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ d Ƶ ƌ Ŷ Ž Ƶ ƚ Ɛ ϯ ϴ ϴ ͕ Ϭ Ϭ Ϭ ϯϴ ϴ ͕ Ϭ Ϭ Ϭ ZĞ Đ Ǉ Đ ů Ğ Ě D Ğ ƚ Ğ ƌ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ Ɛ ϯϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯϱ Ϭ ͕ Ϭ Ϭ Ϭ dƌ Ă Ŷ Ɛ ŵ ŝ Ɛ Ɛ ŝ Ž Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ Ɛ ϭ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϰϯ ϵ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϯ ϴ ϴ ͕ Ϭ Ϭ Ϭ Ϭ ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϳ ϳ ͕ Ϭ Ϭ Ϭ W / d z W Z K : d ^ E t Z Ő W Ś Ă Ɛ Ğ ϭ ; Ă Ɖ Ϳ ϴϬ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϰ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϰ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ E t Z Ő W Ś Ă Ɛ Ğ Ϯ ; Ă Ɖ Ϳ ϴϬ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ E t Z d Ğ ƌ ƚ ŝ Ă ƌ Ǉ Ă Ɖ Ă Đ ŝ ƚ Ǉ ǆ Ɖ Ă Ŷ Ɛ ŝ Ž Ŷ ; Ă Ɖ Ϳ Ϯ ϱ ͕ Ϭ Ϭ Ϭ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯϳ ϱ ͕ Ϭ Ϭ Ϭ ϵ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ t Z & ͗ Z Ğ Đ Ǉ Đ ů Ğ W Ƶ ŵ Ɖ h Ɖ Ő ƌ Ă Ě Ğ Ɛ ; Ă Ɖ Ϳ ϭ͕ ϰ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ͕ ϲ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů Ϯϱ ͕ Ϭ Ϭ Ϭ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ ϳ ϱ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϰ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϰ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ϭ ͕ ϴ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ dK d > Z z > t d Z / W ϰϲ ϰ ͕ Ϭ Ϭ Ϭ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϰ ϲ ϯ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϰ Ϭ Ϭ ͕ Ϭ ϬϬ ϭ ͕ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ϰ ͕ ϰ ϳ ϳ ͕ Ϭ Ϭ Ϭ dK d > t / d , ϯ й K ^ d ^ > d / K E ϰϲ ϰ ͕ Ϭ Ϭ Ϭ ϳ Ϯ ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϰ Ϯ ϲ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϵ ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϴϮ ϳ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϯ ϵ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ ϰ ϲ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϰ ϯ ϰ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϲ ϭ ϯ ͕ Ϭ Ϭ Ϭ Ϯ ϴ ͕ Ϯ ϳ ϱ ͕ Ϭ Ϭ Ϭ Ƶ ŵ Ƶ ů Ă ƚ ŝ ǀ Ğ ϰϲ ϰ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϭ ϴ ϱ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϲ ϭ ϭ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϯ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ϭ ϱ ͕ ϭ Ϯ ϵ ͕ Ϭ Ϭ Ϭ ϭ ϳ ͕ ϭ ϱ ϴ ͕ Ϭ ϬϬ ϭ ϳ ͕ ϭ ϱ ϴ ͕ Ϭ Ϭ Ϭ ϭ ϵ ͕ ϲ ϭ ϴ ͕ Ϭ Ϭ Ϭ Ϯ ϰ ͕ Ϭ ϱ Ϯ ͕ Ϭ Ϭ Ϭ Ϯ ϲ ͕ ϲ ϲ Ϯ ͕ Ϭ Ϭ Ϭ Ϯ ϴ ͕ Ϯ ϳ ϱ ͕ Ϭ Ϭ Ϭ й Ž Ĩ d Ž ƚ Ă ů Ϯй ϰ й ϯ Ϭ й ϰ Ϭ й ϱ ϰ й ϲ ϭ й ϲ ϭ й ϲ ϵ й ϴ ϱ й ϵ ϰ й ϭ Ϭ Ϭ й y d Z E > & h E / E ' ^ K h Z ^ ^ƚ Ă ƚ Ğ W ƌ Ž Ɖ ϭ Ͳ d Ğ ƌ ƚ ŝ Ă ƌ Ǉ ; E t Z Ϳ ϳϮ ϰ ͕ Ϭ Ϭ Ϭ ϭ ϳ ϰ ͕ Ϭ Ϭ Ϭ ϴϵ ϴ ͕ Ϭ Ϭ Ϭ Ƶ ƌ Ğ Ă Ƶ Ž Ĩ Z Ğ Đ ů Ă ŵ Ă ƚ ŝ Ž Ŷ Ͳ d Ğ ƌ ƚ ŝ Ă ƌ Ǉ ; E t Z Ϳ ϭ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ^ƚ Ă ƚ Ğ W ƌ Ž Ɖ ϭ Ͳ Ő ; E t Z Ϳ ϰϮ Ϭ ͕ Ϭ Ϭ Ϭ ϲϬ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϭ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ Ƶ Ğ Ă Ƶ Ž Ĩ Z Ğ Đ ů Ă ŵ Ă ƚ ŝ Ž Ŷ Ͳ Ő ; E t Z Ϳ ϭ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů Ϭ Ϭ Ϯ ͕ Ϯ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϴ ϳ ϰ ͕ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϰ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϲ ϭ ϴ ͕ Ϭ Ϭ Ϭ ^Ƶ ď ƚ Ž ƚ Ă ů ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ Ϭ Ϭ Ϯ ͕ ϯ ϱ ϵ ͕ Ϭ Ϭ Ϭ ϵ ϱ ϱ ͕ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϲ ϰ ϲ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ͕ ϯ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϰ ϳ ϴ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϳ ϰ ϯ ͕ Ϭ Ϭ Ϭ EĞ ƚ Z Ğ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ / W ƚ Ž ď Ğ & Ƶ Ŷ Ě Ğ Ě ϰϲ ϰ ͕ Ϭ Ϭ Ϭ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϳ ϳ ϲ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϱ ϴ ϵ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϰ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ϯ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϳ ͕ ϴ ϱ ϵ ͕ Ϭ Ϭ Ϭ EĞ ƚ / W ƚ Ž ď Ğ & Ƶ Ŷ Ě Ğ Ě ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϰϲ ϰ ͕ Ϭ Ϭ Ϭ ϳ Ϯ ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ ϲ ϳ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϳ ϯ ϲ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϴ Ϯ ϳ ͕ Ϭ Ϭ Ϭ ϯ ϴ ϯ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ ϰ ϲ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϰ ϯ ϰ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϯ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ϭ ϯ ϱ ͕ Ϭ Ϭ Ϭ Ϯ Ϭ ͕ ϱ ϯ Ϯ ͕ Ϭ Ϭ Ϭ dK d > > > t ^ d t d Z W Z K : d ^ EĞ ƚ & Ƶ Ŷ Ě ŝ Ŷ Ő Z Ğ Ƌ Ƶ ŝ ƌ Ğ ŵ Ğ Ŷ ƚ ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ tĂ Ɛ ƚ Ğ ǁ Ă ƚ Ğ ƌ Ă Ɖ ŝ ƚ Ă ů / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ Ɛ ϭϯ ͕ Ϭ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϵ Ϯ ϭ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϭ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ ϲϰ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϵ ϵ ϱ ͕ Ϭ Ϭ Ϭ ϵ ͕ Ϯ ϲ ϴ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϭ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϯ ϱ ϲ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ ϲ ϳ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϳ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ ϵ ϳ ͕ ϱ ϰ ϴ ͕ Ϭ Ϭ Ϭ ZĞ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ W ƌ Ž ũ Ğ Đ ƚ Ɛ ϰϲ ϰ ͕ Ϭ Ϭ Ϭ ϳ Ϯ ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ ϲ ϳ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϳ ϯ ϲ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϴ Ϯ ϳ ͕ Ϭ Ϭ Ϭ ϯ ϴ ϯ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ ϰ ϲ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϰ ϯ ϰ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϯ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ϭ ϯ ϱ ͕ Ϭ Ϭ Ϭ Ϯ Ϭ ͕ ϱ ϯ Ϯ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ dK d > ϭϯ ͕ ϱ Ϭ ϵ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϲ ϰ Ϯ ͕ Ϭ Ϭ Ϭ ϭ ϲ ͕ ϭ ϵ ϭ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϴ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϯ ͕ ϴ Ϯ Ϯ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϲ ϱ ϭ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϭ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϳ ϭ ϲ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϱ Ϭ ϭ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϭ ϵ ϵ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϴ ϱ ϱ ͕ Ϭ Ϭ Ϭ ϭ ϭ ϴ ͕ Ϭ ϴ Ϭ ͕ Ϭ Ϭ Ϭ 60 dĂ ď ů Ğ ϰ ZĞ Ě Ƶ Đ Ğ Ě / W ŝ ƚ Ǉ Ž Ĩ W Ğ ƚ Ă ů Ƶ ŵ Ă ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ & ŝ ƌ Ɛ ƚ ϱ z Ğ Ă ƌ Ɛ ͗ Ψ ϵ ͕ ϭ ϲ ϱ ͕ Ϭ Ϭ Ϭ tĂ Ɛ ƚ Ğ ǁ Ă ƚ Ğ ƌ Ă Ɖ ŝ ƚ Ă ů / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ W ů Ă Ŷ ͗ t Ă Ɛ ƚ Ğ ǁ Ă ƚ Ğ ƌ W ƌ Ž ũ Ğ Đ ƚ Ɛ ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ ^ Ƶ ď Ɛ Ğ Ƌ Ƶ Ğ Ŷ ƚ z Ğ Ă ƌ Ɛ ͗ Ψ ϳ ͕ ϵ ϯ ϯ ͕ Ϭ Ϭ Ϭ ϮϬ ϭ ϲ ͬ ϭ ϳ Ϯ Ϭ ϭ ϳ ͬ ϭ ϴ Ϯ Ϭ ϭ ϴ ͬ ϭ ϵ Ϯ Ϭ ϭ ϵ ͬ Ϯ Ϭ Ϯ Ϭ Ϯ Ϭ ͬ Ϯ ϭ Ϯ Ϭ Ϯ ϭ ͬ Ϯ Ϯ Ϯ Ϭ Ϯ Ϯ ͬ Ϯ ϯ Ϯ Ϭ Ϯ ϯ ͬ Ϯ ϰ Ϯ Ϭ Ϯ ϰ ͬ Ϯ ϱ ϮϬ Ϯ ϱ ͬ Ϯ ϲ Ϯ Ϭ Ϯ ϲ ͬ Ϯ ϳ d K d > Ž Ŷ Ɛ ƚ ƌ Ƶ Đ ƚ ŝ Ž Ŷ Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϭ ͘ Ϭ Ϭ ϭ ͘ Ϭ ϯ ϭ ͘ Ϭ ϲ ϭ ͘ Ϭ ϵ ϭ ͘ ϭ ϯ ϭ ͘ ϭ ϲ ϭ ͘ ϭ ϵ ϭ ͘ Ϯ ϯ ϭ ͘ Ϯ ϳϭ ͘ ϯ Ϭ ϭ ͘ ϯ ϰ Z W > D E d W Z K : d ^ Ϯ ͗ ů ů ŝ Ɛ ƌ Ğ Ğ Ŭ ^ Ž ů ŝ Ě Ɛ h Ɖ Ő ƌ Ă Ě Ğ Ɛ ϴ ͕ ϵ ϵ ϰ ͕ Ϭ Ϭ Ϭ Ψϴ ͕ ϵ ϵ ϰ ͕ Ϭ Ϭ Ϭ Ϯ ͗ E ' & Ƶ Ğ ů ŝ Ŷ Ő ^ ƚ Ă ƚ ŝ Ž Ŷ ϲ ϭ ϱ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϭ ϯ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϭ ϯ ͕ Ϭ Ϭ Ϭ ϱ͕ ϴ ϰ ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͗ , ŝ Ő Ś ^ ƚ ƌ Ğ Ŷ Ő ƚ Ś t Ă Ɛ ƚ Ğ & Ă Đ ŝ ů ŝ ƚ ŝ Ğ Ɛ ϳ Ϭ ϯ ͕ Ϭ Ϭ Ϭ Ă Đ Ŭ ϭ Ǉ Ğ Ă ƌ ϰ ͕ Ϭ ϲ ϴ ͕ Ϭ Ϭ Ϭ ϯ ͕Ϭ Ϯ ϱ ͕ Ϭ Ϭ Ϭ ϳ͕ ϳ ϵ ϲ ͕ Ϭ Ϭ Ϭ t Z & ͗ Ś Ğ ŵ ŝ Đ Ă ů ^ Ǉ Ɛ ƚ Ğ ŵ h Ɖ Ő ƌ Ă Ě Ğ Ɛ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϯ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϴ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯ͕ ϯ ϯ ϱ ͕ Ϭ Ϭ Ϭ t Z & ͗ & Ƶ ƚ Ƶ ƌ Ğ h Ɖ Ő ƌ Ă Ě Ğ Ɛ ϭ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ t Z & ͗ ƌ ŝ Ě Ő Ğ Ă Đ Ŭ ϭ Ǉ Ğ Ă ƌ ϯ ϲ ϵ ͕ Ϭ Ϭ Ϭ ϯϲ ϵ ͕ Ϭ Ϭ Ϭ ^Ğ ǁ Ğ ƌ D Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ ; > Ž Đ Ă ů ^ ƚ ƌ Ğ Ğ ƚ Ɛ Ϳ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϱ ϯ ϱ ͕ Ϭ ϬϬ ϭ ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϱ ͕ ϴ ϱ ϵ ͕ Ϭ Ϭ Ϭ WĞ ƚ Ă ů Ƶ ŵ Ă ů ǀ Ě D Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ^ Ğ ǁ Ğ ƌ ů Ğ ŵ Ğ Ŷ ƚ Ϯ ϭ Ϯ ͕ Ϭ Ϭ Ϭ Ϯϭ Ϯ ͕ Ϭ Ϭ Ϭ ^Ğ ǁ Ğ ƌ D Ă Ŷ Ś Ž ů Ğ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ Ϯ ϴ ͕ Ϭ Ϭ Ϭ ϯ ϱ ϲ ͕ Ϭ Ϭ Ϭ ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϯ ϯ ϰ͕ Ϭ Ϭ Ϭ Ž Ɖ Ğ ů Ă Ŷ Ě > ŝ Ĩ ƚ ^ ƚ Ă ƚ ŝ Ž Ŷ h Ɖ Ő ƌ Ă Ě Ğ ϭ ͕ ϯ ϰ Ϯ ͕ Ϭ Ϭ Ϭ ϭ͕ ϯ ϰ Ϯ ͕ Ϭ Ϭ Ϭ WĂ Ǉ ƌ Ă Ŷ > ŝ Ĩ ƚ ^ ƚ Ă ƚ ŝ Ž Ŷ h Ɖ Ő ƌ Ă Ě Ğ Ă Đ Ŭ ϭ Ǉ Ğ Ă ƌ ϱ ϳ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϲ ϵ ϳ ͕ Ϭ Ϭ Ϭ Ϯ͕ Ϯ ϲ ϳ ͕ Ϭ Ϭ Ϭ KĂ Ŭ ŵ Ğ Ă Ě ͕ Z Ğ Ě ǁ Ž Ž Ě ͕ K Ƶ ƚ ů Ğ ƚ ^ Ğ ǁ Ğ ƌ > ŝ Ĩ ƚ Ă Đ Ŭ Ϯ Ǉ Ğ Ă ƌ Ɛ Ă Đ Ŭ Ϯ Ǉ Ğ Ă ƌ Ɛ ϵ ϱ ϱ ͕Ϭ Ϭ Ϭ ϭ ͕ ϴ Ϭ ϴ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϳ ϲ ϯ ͕ Ϭ Ϭ Ϭ W/ W ^ K Ě Ž ƌ Ž Ŷ ƚ ƌ Ž ů Θ ŵ Ğ ƌ Ő Ğ Ŷ Đ Ǉ ^ ƚ Ž ƌ Ă Ő Ğ ϵ ϴ Ϯ ͕ Ϭ Ϭ Ϭ ϵϴ Ϯ ͕ Ϭ Ϭ Ϭ W/ W ^ & Ž ƌ Đ Ğ ŵ Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ ϭϮ Ϯ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϳ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ Ă Đ Ŭ ϭ Ǉ Ğ Ă ƌ ϰ ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ Ϭ ϰ Ϯ ͕ Ϭ Ϭ Ϭ Ğ ŵ Ž ů ŝ ƚ ŝ Ž Ŷ Ă ƚ , Ž Ɖ Ɖ Ğ ƌ ^ ƚ ͘ Ϯϱ ͕ Ϭ Ϭ Ϭ ϳ ϱ ͕ Ϭ Ϭ Ϭ ϱ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϭ ϱ Ϭ ͕ Ϭ Ϭ Ϭ W/ W ^ , ŝ Ő Ś Ă Ɖ Ă Đ ŝ ƚ Ǉ W Ƶ ŵ Ɖ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ Ă Đ Ŭ Ϯ Ǉ Ğ Ă ƌ Ɛ Ă Đ Ŭ Ϯ Ǉ Ğ Ă ƌ Ɛ Ϯ Ϭ ͕ Ϭ ϬϬ Ϯ ϰ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϴ ϲ Ϭ ͕ Ϭ Ϭ Ϭ /Θ / & ů Ž ǁ D Ž Ŷ ŝ ƚ Ž ƌ ŝ Ŷ Ő / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ Ɛ ϴϬ Ϭ ͕ Ϭ Ϭ Ϭ ϴ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ^ Ă Ŷ Ě W ƌ Ž Ő ƌ Ă ŵ ŵ ŝ Ŷ Ő h Ɖ Ő ƌ Ă Ě Ğ Ɛ ϭ͕ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϭϮ ͕ ϴ ϳ ϲ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϰ ϴ Ϯ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϯ ϴ ϭ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϰ ϵ Ϯ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϵ ϵ Ϯ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϰ ϵ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϱ ϴ ϯ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϴ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϱ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ϯ ͕ ϲ ϰ ϲ ͕ Ϭ Ϭ Ϭ W / d z W Z K : d ^ t Z & ͗ > ŝ Ƌ Ƶ ŝ Ě Ɛ W ƌ Ž Đ Ğ Ɛ Ɛ h Ɖ Ő ƌ Ă Ě Ğ ; Ă Ɖ Ϳ Ϯϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Z Ğ Ě Ƶ Đ Ğ Ě ͕ Ƶ Ɖ ϭ Ǉ Ğ Ă ƌ Ϯ͕ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ WĞ ƚ Ă ů Ƶ ŵ Ă ů ǀ Ě d ƌ Ƶ Ŷ Ŭ D Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ ; Ă Ɖ Ϳ Ϯ͕ ϵ ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ͕ ϵ ϭ Ϭ ͕ Ϭ Ϭ Ϭ ^Ğ ǁ Ğ ƌ d ƌ Ƶ Ŷ Ŭ D Ă ŝ Ŷ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ ; Ă Ɖ Ϳ ϭ͕ ϳ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ͕ ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϱ͕ ϱϬ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů Ϭ Ϯ ͕ ϵ ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϭ ϲ Ϭ ͕Ϭ Ϭ Ϭ dK d > t ^ d t d Z / W ϭϮ ͕ ϴ ϳ ϲ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϯ ϵ Ϯ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϯ ϴ ϭ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϳ ϰ Ϯ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϭ ϵ Ϯ ͕Ϭ Ϭ Ϭ ϲ ͕ ϰ ϵ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϱ ϴ ϯ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ Ϭ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϴ ϰ ͕ ϴ Ϭ ϲ ͕ Ϭ Ϭ Ϭ dK d > t / d , ϯ й K ^ d ^ > d / K E ϭϮ ͕ ϴ ϳ ϲ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϲ ϭ ϰ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ Ϭ ϭ ϯ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϲ ϰ ϱ͕ Ϭ Ϭ Ϭ ϲ ͕ ϵ ϲ ϵ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϱ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϲ Ϭ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϳ ϯ Ϯ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϴ ϲ ϳ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϳ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ ϵ ϲ ͕ ϳ ϭ ϰ ͕ Ϭ Ϭ Ϭ Ƶ ŵ Ƶ ů Ă ƚ ŝ ǀ Ğ ϭϮ ͕ ϴ ϳ ϲ ͕ Ϭ Ϭ Ϭ Ϯ Ϭ ͕ ϰ ϵ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ϭ ͕ ϱ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ϰ Ϯ ͕ ϭ ϰ ϴ ͕ Ϭ Ϭ Ϭ ϰ ϵ ͕ ϭ ϭ ϳ ͕ Ϭ Ϭ Ϭ ϱ ϲ ͕ ϲϰ ϭ ͕ Ϭ Ϭ Ϭ ϲ ϰ ͕ ϱ Ϭ ϭ ͕ Ϭ Ϭ Ϭ ϳ ϯ ͕ Ϯ ϯ ϯ ͕ Ϭ Ϭ Ϭ ϴ Ϯ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϴ ϵ ͕ ϵ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϵ ϲ ͕ ϳ ϭ ϰ ͕ Ϭ Ϭ Ϭ й Ž Ĩ d Ž ƚ Ă ů ϭϯ й Ϯ ϭ й ϯ ϯ й ϰ ϰ й ϱ ϭ й ϱ ϵ й ϲ ϳ й ϳ ϲ й ϴ ϱ й ϵ ϯ й ϭ Ϭ Ϭ й y d Z E > & h E / E ' ^ K h Z ^ Ă ů ŝ Ĩ Ž ƌ Ŷ ŝ Ă Ŷ Ğ ƌ Ő Ǉ Ž ŵ ŵ ŝ Ɛ Ɛ ŝ Ž Ŷ ' ƌ Ă Ŷ ƚ Ͳ ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͲͲ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ ϯ ͕ϬϬ Ϭ ͕ Ϭ Ϭ Ϭ Ğ ǀ Ğ ů Ž Ɖ Ğ ƌ Ž Ŷ ƚ ƌ ŝ ď Ƶ ƚ ŝ Ž Ŷ ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ͲͲ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ ϬϬ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ϯ ͕ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ^Ƶ ď ƚ Ž ƚ Ă ů ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϮϬ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϭ ϵ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ ϬϬ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ϯ ͕Ϯϵ Ϭ ͕ Ϭ Ϭ Ϭ EĞ ƚ / W ƚ Ž ď Ğ & Ƶ Ŷ Ě Ğ Ě ϭϮ ͕ ϲ ϳ ϲ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϯ ϵ Ϯ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϯ ϴ ϭ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϳ ϰ Ϯ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϭ ϵ Ϯ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϰ ϵ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϱ ϴ ϯ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ Ϭ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϴ ϭ ͕ ϲ Ϭ ϲ ͕ Ϭ Ϭ Ϭ EĞ ƚ / W ƚ Ž ď Ğ & Ƶ Ŷ Ě Ğ Ě ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϭ Ϯ ͕ ϲ ϳ ϲ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϱ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϭϭ ͕ Ϭ ϭ ϯ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϲ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϵ ϲ ϵ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϱ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϲ Ϭ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϳ ϯ Ϯ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϴ ϲ ϳ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϳ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ ϵ ϯ ͕ ϱ ϭ ϰ ͕ Ϭ Ϭ Ϭ 61 dĂ ď ů Ğ ϱ ZĞ Ě Ƶ Đ Ğ Ě / W ŝ ƚ Ǉ Ž Ĩ W Ğ ƚ Ă ů Ƶ ŵ Ă ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ & ŝ ƌ Ɛ ƚ ϱ z Ğ Ă ƌ Ɛ ͗ Ψ ϭ ͕ Ϭ ϴ ϰ ͕ Ϭ Ϭ Ϭ tĂ Ɛ ƚ Ğ ǁ Ă ƚ Ğ ƌ Ă Ɖ ŝ ƚ Ă ů / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ W ů Ă Ŷ ͗ Z Ğ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ W ƌ Ž ũ Ğ Đ ƚ Ɛ ǀ Ğ ƌ Ă Ő Ğ Ŷ Ŷ Ƶ Ă ů / W & Ƶ Ŷ Ě ŝ Ŷ Ő E Ğ Ğ Ě Ɛ ͕ ^ Ƶ ď Ɛ Ğ Ƌ Ƶ Ğ Ŷ ƚ z Ğ Ă ƌ Ɛ ͗ Ψ ϭ ͕ ϯ ϵ ϲ ͕ Ϭ Ϭ Ϭ ϮϬ ϭ ϲ ͬ ϭ ϳ Ϯ Ϭ ϭ ϳ ͬ ϭ ϴ Ϯ Ϭ ϭ ϴ ͬ ϭ ϵ Ϯ Ϭ ϭ ϵ ͬ Ϯ Ϭ Ϯ Ϭ Ϯ Ϭ ͬ Ϯ ϭ Ϯ Ϭ Ϯ ϭ ͬ Ϯ Ϯ Ϯ Ϭ Ϯ Ϯ ͬ Ϯ ϯ Ϯ Ϭ Ϯ ϯ ͬ Ϯ ϰ Ϯ Ϭ Ϯ ϰ ͬ Ϯ ϱ ϮϬ Ϯ ϱ ͬ Ϯ ϲ Ϯ Ϭ Ϯ ϲ ͬ Ϯ ϳ d K d > Ž Ŷ Ɛ ƚ ƌ Ƶ Đ ƚ ŝ Ž Ŷ Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϭ ͘ Ϭ Ϭ ϭ ͘ Ϭ ϯ ϭ ͘ Ϭ ϲ ϭ ͘ Ϭ ϵ ϭ ͘ ϭ ϯ ϭ ͘ ϭ ϲ ϭ ͘ ϭ ϵ ϭ ͘ Ϯ ϯ ϭ ͘ Ϯ ϳϭ ͘ ϯ Ϭ ϭ ͘ ϯ ϰ Z W > D E d W Z K : d ^ ƌ Ž ǁ Ŷ Ɛ > Ă Ŷ Ğ Z Ğ Đ Ǉ ů Ğ Ě t Ă ƚ Ğ ƌ ϰ ϯ ϵ ͕ Ϭ Ϭ Ϭ Ψϰ ϯ ϵ ͕ Ϭ Ϭ Ϭ ZĞ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ d Ƶ ƌ Ŷ Ž Ƶ ƚ Ɛ ϯ ϴ ϴ ͕ Ϭ Ϭ Ϭ ϯϴ ϴ ͕ Ϭ Ϭ Ϭ ZĞ Đ Ǉ Đ ů Ğ Ě D Ğ ƚ Ğ ƌ Z Ğ Ɖ ů Ă Đ Ğ ŵ Ğ Ŷ ƚ Ɛ ϯϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯϱ Ϭ ͕ Ϭ Ϭ Ϭ dƌ Ă Ŷ Ɛ ŵ ŝ Ɛ Ɛ ŝ Ž Ŷ Θ W Ƶ ŵ Ɖ ^ ƚ Ă ƚ ŝ Ž Ŷ h Ɖ Ő ƌ Ă Ě Ğ Ɛ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϰϯ ϵ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϯ ϴ ϴ ͕ Ϭ Ϭ Ϭ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϯ ͕ ϭ ϳ ϳ ͕ Ϭ Ϭ Ϭ W / d z W Z K : d ^ E t Z Ő W Ś Ă Ɛ Ğ ϭ ; Ă Ɖ Ϳ ϴϬ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϰ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϰ͕ Ϯ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ E t Z Ő W Ś Ă Ɛ Ğ Ϯ ; Ă Ɖ Ϳ Ă Đ Ŭ ϭ Ǉ Ğ Ă ƌ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϲ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ E t Z d Ğ ƌ ƚ ŝ Ă ƌ Ǉ Ă Ɖ Ă Đ ŝ ƚ Ǉ ǆ Ɖ Ă Ŷ Ɛ ŝ Ž Ŷ ; Ă Ɖ Ϳ Ϯϱ ͕ Ϭ Ϭ Ϭ Ƶ ƚ Ƶ ƚ Ƶ ƚ Ϯϱ ͕ Ϭ Ϭ Ϭ t Z & ͗ Z Ğ Đ Ǉ Đ ů Ğ W Ƶ ŵ Ɖ h Ɖ Ő ƌ Ă Ě Ğ Ɛ ; Ă Ɖ Ϳ ϳϱ Ϭ ͕ Ϭ Ϭ Ϭ ϴϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ͕ ϲ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů Ϯϱ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϴ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϰ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ ϴ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϴ Ϯ ϱ ͕ Ϭ Ϭ Ϭ dK d > Z z > t d Z / W ϰϲ ϰ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϭ ϴ ϴ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϳ ϱ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ ϴ ϱ Ϭ͕ Ϭ Ϭ Ϭ ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϱ ͕ Ϭ Ϭ Ϯ ͕ Ϭ Ϭ Ϭ dK d > t / d , ϯ й K ^ d ^ > d / K E ϰϲ ϰ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϵ ϴ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϲ ϱ ϴ ͕ Ϭ Ϭ Ϭ Ϯ ͕ Ϭ Ϯ ϵ ͕ Ϭ ϬϬ Ϭ ϭ ͕ Ϭ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϰ ϯ ϰ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϲ ϴ ϴ ͕ Ϭ Ϭ Ϭ ϭ ϴ ͕ Ϯ Ϯ ϲ ͕ Ϭ Ϭ Ϭ Ƶ ŵ Ƶ ů Ă ƚ ŝ ǀ Ğ ϰϲ ϰ ͕ Ϭ Ϭ Ϭ ϰ ϲ ϰ ͕ Ϭ Ϭ Ϭ ϰ ϲ ϰ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϳ ϲ Ϯ ͕ Ϭ Ϭ Ϭ ϱ ͕ ϰ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϰ ϰ ϵ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϰ ϰ ϵ ͕Ϭ Ϭ Ϭ ϴ ͕ ϰ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϭ Ϯ ͕ ϵ Ϯ ϴ ͕ Ϭ Ϭ Ϭ ϭ ϱ ͕ ϱ ϯ ϴ ͕ Ϭ Ϭ Ϭ ϭ ϴ ͕ Ϯ Ϯ ϲ ͕ Ϭ Ϭ Ϭ й Ž Ĩ d Ž ƚ Ă ů ϯй ϯ й ϯ й ϭ Ϭ й ϯ Ϭ й ϰ ϭ й ϰ ϭ й ϰ ϳ й ϳ ϭ й ϴ ϱ й ϭ Ϭ Ϭ й y d Z E > & h E / E ' ^ K h Z ^ ^ƚ Ă ƚ Ğ W ƌ Ž Ɖ ϭ Ͳ d Ğ ƌ ƚ ŝ Ă ƌ Ǉ ; E t Z Ϳ ĐƵ ƚ Đ Ƶ ƚ Ϭ Ƶ ƌ Ğ Ă Ƶ Ž Ĩ Z Ğ Đ ů Ă ŵ Ă ƚ ŝ Ž Ŷ Ͳ d Ğ ƌ ƚ ŝ Ă ƌ Ǉ ; E t Z Ϳ ĐƵ ƚ Đ Ƶ ƚ Ϭ ^ƚ Ă ƚ Ğ W ƌ Ž Ɖ ϭ Ͳ Ő ; E t Z Ϳ ϰϮ Ϭ ͕ Ϭ Ϭ Ϭ ϲϬ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϭ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ Ƶ Ğ Ă Ƶ Ž Ĩ Z Ğ Đ ů Ă ŵ Ă ƚ ŝ Ž Ŷ Ͳ Ő ; E t Z Ϳ ϭ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ Ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ^Ƶ ď ƚ Ž ƚ Ă ů ϬϬ Ϭ Ϭ Ϭ ϭ ͕ϰϮ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϱ Ϯ Ϭ ͕ Ϭ Ϭ Ϭ ^Ƶ ď ƚ Ž ƚ Ă ů ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϬϬ Ϭ Ϭ Ϭ ϭ͕ ϲ ϰ ϲ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϯ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϰ ϳ ϴ ͕ Ϭ Ϭ Ϭ ϰ͕ ϰ Ϯ ϵ ͕ Ϭ Ϭ Ϭ EĞ ƚ Z Ğ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ / W ƚ Ž ď Ğ & Ƶ Ŷ Ě Ğ Ě ϰϲ ϰ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ ϭ ϴ ϴ ͕ Ϭ Ϭ Ϭ ϯ ͕ Ϯ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ϯ Ϭ ͕ Ϭ Ϭ Ϭ Ϭ ϴ ϱ Ϭ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϱ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϭ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϵ Ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϰ ϴ Ϯ ͕ Ϭ Ϭ Ϭ EĞ ƚ / W ƚ Ž ď Ğ & Ƶ Ŷ Ě Ğ Ě ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ ϰϲ ϰ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϵ ϴ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϲ ϱ ϴ ͕ Ϭ Ϭ Ϭ ϯ ϴ ϯ ͕ Ϭ Ϭ Ϭ Ϭ ϭ ͕ Ϭ ϰ ϱ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϰ ϯ ϰ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϯ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϯ ͕ ϳ ϵ ϳ ͕ Ϭ Ϭ Ϭ dK d > > > t ^ d t d Z W Z K : d ^ EĞ ƚ & Ƶ Ŷ Ě ŝ Ŷ Ő Z Ğ Ƌ Ƶ ŝ ƌ Ğ ŵ Ğ Ŷ ƚ ǁ ŝ ƚ Ś ϯ й Ž Ɛ ƚ Ɛ Đ Ă ů Ă ƚ ŝ Ž Ŷ tĂ Ɛ ƚ Ğ ǁ Ă ƚ Ğ ƌ Ă Ɖ ŝ ƚ Ă ů / ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ Ɛ ϭ Ϯ ͕ ϲ ϳ ϲ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϱ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ Ϭ ϭ ϯ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϲϰ ϱ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϵ ϲ ϵ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϱ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϲ Ϭ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϳ ϯ Ϯ ͕ Ϭ Ϭ Ϭ ϴ ͕ ϴ ϲ ϳ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϵ ϰ ͕ Ϭ Ϭ Ϭ ϲ ͕ ϳϮ Ϭ ͕ Ϭ Ϭ Ϭ ϵ ϯ ͕ ϰ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ZĞ Đ Ǉ Đ ů Ğ Ě t Ă ƚ Ğ ƌ W ƌ Ž ũ Ğ Đ ƚ Ɛ ϰ ϲ ϰ ͕ Ϭ Ϭ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϵ ϴ ͕ Ϭ Ϭ Ϭ ϯ ͕ ϲ ϱ ϴ ͕ Ϭ Ϭ Ϭ ϯ ϴ ϯ ͕ Ϭ Ϭ Ϭ Ϭ ϭ ͕ Ϭ ϰ ϱ ͕Ϭ Ϭ Ϭ ϰ ͕ ϰ ϯ ϰ ͕ Ϭ Ϭ Ϭ ϭ ͕ ϯ Ϭ ϱ ͕ Ϭ Ϭ Ϭ ϭ ͕ Ϯ ϭ Ϭ ͕ Ϭ Ϭ Ϭ ϭ ϯ ͕ ϳ ϵ ϳ ͕ Ϭ Ϭ Ϭ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺͺ ͺ ͺ ͺ ͺ ͺ ͺ ͺ dK d > ϭϯ ͕ ϭ ϰ Ϭ ͕ Ϭ Ϭ Ϭ ϰ ͕ ϱ Ϯ ϰ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ Ϭ ϭ ϯ ͕ Ϭ Ϭ Ϭ ϭ ϭ ͕ ϵ ϰ ϯ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ͕ ϲ Ϯ ϳ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϵ Ϭ ϳ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϴ ϲ Ϭ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϳ ϳ ϳ ͕ Ϭ Ϭ Ϭ ϭ ϯ ͕ ϯ Ϭ ϭ ͕ Ϭ Ϭ Ϭ ϵ ͕ ϭ ϵ ϵ ͕ Ϭ Ϭ Ϭ ϳ ͕ ϵ ϯ Ϭ ͕ Ϭ Ϭ Ϭ ϭ Ϭ ϳ ͕ Ϯ Ϯ ϭ ͕ Ϭ Ϭ Ϭ 62 P r i o r C u r r e n t 1 2 3 4 5 6 7 8 9 1 0 20 1 5 / 1 6 2 0 1 6 / 1 7 2 0 1 7 / 1 8 2 0 1 8 / 1 9 2 0 1 9 / 2 0 2 0 2 0 / 2 1 2 0 2 1 / 2 2 2 0 2 2 / 2 3 2 0 2 3 / 2 4 2 0 2 4 / 2 5 2 0 2 5 / 2 6 2 0 2 6 / 2 7 Ra t e A d j u s t m e n t s Ju l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 S C W A A d j u s t m e n t Us a g e R a t e s O n l y 1. 7 % 2. 8 % 3. 0 % 2. 8 % 2. 7 % 2. 6 % 2. 5 % 2. 5 % 2. 4 % 2.4%2.4%2.5% C P I A d j u s t m e n t Al l R a t e s 2. 6 % 0. 0 % 3. 0 % 2. 0 % 2. 0 % 2. 0 % 2. 0 % 2. 0 % 2. 0 % 2.0%2.0%2.0% C i t y R a t e I n c r e a s e A l l R a t e s 0. 0 % 0. 0 % 5. 0 % 5. 0 % 5. 0 % 5. 0 % 5. 0 % 3. 0 % 3. 0 % 0.0%0.0%0.0% T o t a l O v e r a l l R a t e I n c r e a s e 4. 0 % 2 .3 % 1 0 . 5 % 9. 3 % 9. 3 % 9. 2 % 9. 1 % 7. 0 % 7 .0 % 4.0%4.0%4.1% Wa t e r C a p a c i t y F e e $3 , 6 7 7 $ 3 , 7 5 1 $ 3 , 8 2 6 $ 3 , 9 0 3 $ 3 , 9 8 1 $ 4 , 0 6 1 $ 4 , 1 4 2 $ 4 , 2 2 5 $ 4 , 3 1 0 $ 4 , 3 9 6 $ 4 , 4 8 4 $ 4 , 5 7 4 G r o w t h (E D U s ) 5 05 05 05 05 05 05 05 05 05 05 0 Gr o w t h i n A c c o u n t s % 0. 2 5 % 0 . 2 5 % 0 . 25 % 0 . 2 5 % 0 . 2 5 % 0 . 2 5 % 0 . 2 5 % 0 . 2 5 % 0 . 2 5% 0.25% 0.25% Ch a n g e i n W a t e r S a l e s % 3% 3% 3% 0% 0% 0% 0% 0% 0%0%0% Wa t e r S a l e s ( h c f ) 2, 8 4 3 , 0 0 0 2, 92 8 , 0 0 0 3, 00 1 , 0 0 0 3, 09 1 , 0 0 0 3, 09 1 , 0 0 0 3, 0 9 1 , 0 0 0 3, 0 9 1 , 0 0 0 3, 0 9 1 , 0 0 0 3, 0 9 1 , 0 0 0 3,091,000 3,091,000 3,091,000 Su p p l y f r o m W e l l P r o d u c t i o n 12 5 , 0 0 0 15 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 200,000 200,000 200,000 SC W A W a t e r S u p p l y ( h c f ) wi t h 1 0 % S y s t L o s s 3, 0 2 2 , 0 0 0 3 , 07 1 , 0 0 0 3 , 10 1 , 0 0 0 3 , 20 0 , 0 0 0 3 , 20 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3,200,000 SC W A R a t e p e r h c f (6 % e s c a l a t i o n ) $1 . 7 5 $ 1 . 8 5 $ 1 . 9 6 $ 2 . 0 8 $ 2 . 2 0 $ 2 . 3 4 $ 2 . 4 8 $ 2 . 6 2 $ 2 . 7 8 $ 2 . 9 5 $ 3 . 1 3 $ 3 . 3 1 Op e r a t i n g C o s t E s c a l a t i o n ‐ ‐ 4 . 0 %4 . 0 % 4 . 0 % 4 . 0 % 4 . 0 % 4 . 0 % 4 . 0 % 4 . 0 % 4 . 0% 4.0% In t e r e s t E a r n i n g s R a t e 0 . 4 % 0 . 5 % 0 . 5% 0 . 5 % 0 . 5 % 1 . 0 % 1 . 0 % 1. 0 % 1. 0 % 1.0%1 .0%1.0% De b t S e r v i c e p e r $ 1 M P r o j e c t F u n d i n g ‐ $ 8 5 , 0 0 0 $ 8 5 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 Be g i n n i n g F u n d R e s e r v e s $1 0 , 9 5 8 , 0 0 0 $ 8 , 3 2 1 , 0 0 0 $ 8 , 6 8 8 , 0 0 0 $ 8 , 8 8 0 , 0 0 0 $ 8 , 9 7 9 , 0 0 0 $ 9 , 1 7 6 , 0 0 0 $ 9 , 4 3 5 , 0 0 0 $ 9 , 6 5 2 , 0 0 0 $ 9 , 8 6 7 , 0 0 0 $ 1 0 , 0 6 9 , 0 0 0 $ 9 , 9 2 1 , 0 0 0 $ 1 0 , 2 0 4 , 0 0 0 RE V E N U E S ( w i t h c u r r e n t r a t e s t r u c t u r e ) Fi x e d M o n t h l y C h a r g e s ( e s t . ) 2, 2 0 4 , 0 0 0 2 , 2 5 6 , 0 0 0 2 , 4 4 3 , 0 0 0 2 , 6 2 1 , 0 0 0 2 , 8 1 2 , 0 0 0 3 , 0 1 6 , 0 0 0 3 , 2 3 5 , 0 0 0 3 , 4 0 5 , 0 0 0 3 , 5 8 4 , 0 0 0 3 , 6 6 5 , 0 0 0 3 , 7 4 8 , 0 0 0 3 , 8 3 2 , 0 0 0 Wa t e r C o n s u m p t i o n C h a r g e s 10 , 3 4 6 , 0 0 0 10 , 9 8 9 , 0 0 0 12 , 4 9 8 , 0 0 0 14 , 1 3 8 , 0 0 0 15 , 5 1 3 , 0 0 0 17 , 0 0 8 , 0 0 0 18 , 6 3 2 , 0 0 0 20 , 0 2 3 , 0 0 0 21 , 5 1 1 , 0 0 0 22,457,000 23,453,000 24,502,000 S u b t o t a l 12 , 5 5 0 , 0 0 0 13 , 2 4 5 , 0 0 0 14 , 9 4 1 , 0 0 0 16 , 7 5 9 , 0 0 0 18 , 3 2 5 , 0 0 0 20 , 0 2 4 , 0 0 0 21 , 8 6 7 , 0 0 0 23 , 4 2 8 , 0 0 0 25 , 0 9 5 , 0 0 0 26,122,00 0 27,201,00 0 28,334,00 0 In t e r e s t E a r n i n g s 69 , 0 0 0 4 2 , 0 0 0 4 3 , 0 0 0 4 4 , 0 0 0 4 5 , 0 0 0 9 2 , 0 0 0 9 4 , 0 0 0 9 7 , 0 0 0 9 9 , 0 0 0 1 0 1 , 0 0 0 9 9 , 0 0 0 1 0 2 , 0 0 0 Co n n e c t i o n F e e s / C a p a c i t y C h a r g e s 31 0 , 0 0 0 1 8 8 , 0 0 0 1 9 1 , 0 0 0 1 9 5 , 0 0 0 1 9 9 , 0 0 0 2 0 3 , 0 0 0 2 0 7 , 0 0 0 2 1 1 , 0 0 0 2 1 6 , 0 0 0 2 2 0 , 0 0 0 2 2 4 , 0 0 0 2 2 9 , 0 0 0 Ot h e r / M i s c e l l a n e o u s 56 8 , 0 0 0 5 0 0 , 0 0 0 5 1 0 , 0 0 0 5 2 0 , 0 0 0 5 3 0 , 0 0 0 5 4 1 , 0 0 0 5 5 2, 0 0 0 5 6 3 , 0 0 0 5 7 4 , 0 0 0 5 8 5 , 0 0 0 5 9 7 , 0 0 0 6 0 9 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ To t a l R e v e n u e s 1 3 , 4 9 7 , 0 0 0 1 3 , 9 7 5 , 0 0 0 1 5 , 6 8 5 , 0 0 0 1 7 , 5 1 8 , 0 0 0 1 9 , 0 9 9 , 0 0 0 2 0 , 8 6 0 , 0 0 0 2 2 , 7 2 0 , 0 0 0 2 4 , 2 9 9 , 0 0 0 2 5 , 9 8 4 , 0 0 0 2 7 , 0 2 8 , 0 0 0 2 8 , 1 2 1 , 0 0 0 2 9 , 2 7 4 , 0 0 0 De b t P r o c e e d s ( 1 5 ‐ Y e a r , 3 % L o a n ) 6, 0 0 0 , 0 0 0 2 , 0 0 0 , 0 0 0 3 , 5 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 7 0 0 , 0 0 0 1 , 6 0 0 , 0 0 0 3 , 1 0 0 , 0 0 0 1 , 3 0 0 , 0 0 0 2,600,000 6,200,000 EX P E N S E S Op e r a t i n g & M a i n t e n a n c e Ad m i n i s t r a t i o n ( E x c l C a p i t a l T r a n s f e r & D e b t ) 1, 8 2 4 , 0 0 0 2 , 1 6 6 , 0 0 0 2 , 2 5 3 , 0 0 0 2 , 3 4 3 , 0 0 0 2 , 4 3 7 , 0 0 0 2 , 5 3 4 , 0 0 0 2 , 6 3 5 , 0 0 0 2 , 7 4 0 , 0 0 0 2 , 8 5 0 , 0 0 0 2 , 9 6 4 , 0 0 0 3 , 0 8 3 , 0 0 0 3 , 2 0 6 , 0 0 0 Wa t e r C o n s e r v a t i o n 77 1 , 0 0 0 5 7 0 , 0 0 0 5 9 3 , 0 0 0 6 1 7 , 0 0 0 6 4 2 , 0 0 0 6 6 8 , 0 0 0 6 9 5 , 0 0 0 7 2 3 , 0 0 0 7 5 2 , 0 0 0 7 8 2 , 0 0 0 8 1 3 , 0 0 0 8 4 6 , 0 0 0 Wa t e r C u s t o m e r S e r v i c e 65 1 , 0 0 0 6 2 5 , 0 0 0 6 5 0 , 0 0 0 6 7 6 , 0 0 0 7 0 3 , 0 0 0 7 3 1 , 0 0 0 7 6 0 , 0 0 0 7 9 0 , 0 0 0 8 2 2 , 0 0 0 8 5 5 , 0 0 0 8 8 9 , 0 0 0 9 2 5 , 0 0 0 Wa t e r L e a k D e t e c t / C r o s s C o n n e c t 12 5 , 0 0 0 1 2 4 , 0 0 0 1 2 9 , 0 0 0 1 3 4 , 0 0 0 1 3 9 , 00 0 1 4 5 , 0 0 0 1 5 1 , 0 0 0 1 5 7 , 0 0 0 1 6 3 , 0 0 0 1 7 0 , 0 0 0 1 7 7 , 0 0 0 1 8 4 , 0 0 0 Wa t e r P u m p i n g 20 2 , 0 0 0 5 4 0 , 0 0 0 5 6 2 , 0 0 0 5 8 4 , 0 0 0 6 0 7 , 0 0 0 6 3 1 , 0 0 0 6 5 6 , 0 0 0 6 82 , 0 0 0 7 0 9 , 0 0 0 7 3 7 , 0 0 0 7 6 6 , 0 0 0 7 9 7 , 0 0 0 Wa t e r S o u r c e o f S u p p l y 5, 2 8 8 , 0 0 0 5 , 6 8 1 , 0 0 0 6 , 0 8 1 , 0 0 0 6 , 6 5 2 , 0 0 0 7 , 0 5 1 ,0 0 0 7 , 4 7 4 , 0 0 0 7 , 9 2 2 , 0 0 0 8 , 3 9 8 , 0 0 0 8 , 9 0 1 , 0 0 0 9 , 4 3 6 , 0 0 0 1 0 , 0 0 2 , 0 0 0 1 0 , 6 0 2 , 0 0 0 Wa t e r T r a n s m i s s i o n & D i s t r i b u t i o n 2, 1 5 1 , 0 0 0 2 , 5 6 6 , 0 0 0 2 , 6 6 9 , 0 0 0 2 , 7 76 , 0 0 0 2 , 8 8 7 , 0 0 0 3 , 0 0 2 , 0 0 0 3 , 1 2 2 , 0 0 0 3 , 2 4 7 , 0 0 0 3 , 3 7 7 , 0 0 0 3 , 5 1 2 , 0 0 0 3 , 6 5 2 , 0 0 0 3 , 7 9 8 , 0 0 0 Pa v e m e n t M a n a g e m e n t P r o g r a m 0 0 4 3 5 , 0 0 0 4 5 2 , 0 0 0 4 7 0 , 0 0 0 4 8 9 , 0 0 0 5 0 9 , 0 0 0 5 2 9 , 0 0 0 5 5 0 , 0 0 0 5 7 2 , 0 0 0 5 9 5 , 0 0 0 6 1 9 , 0 0 0 Gr o u n d w a t e r S u s t a i n a b il i t y A g e n c y 0 0 2 5 0 , 00 0 2 6 0 , 0 0 0 2 7 0 , 0 0 0 2 8 1 , 0 0 0 2 9 2, 0 0 0 3 0 4 , 0 0 0 3 1 6 , 0 0 0 329,000 342,000 356,000 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 1 1 , 0 1 2 , 0 0 0 1 2 , 27 2 , 0 0 0 1 3 , 62 2 , 0 0 0 1 4 , 49 4 , 0 0 0 1 5 , 20 6 , 0 0 0 1 5 , 9 5 5 , 0 0 0 1 6 , 7 4 2 , 0 0 0 1 7 , 5 7 0 , 0 0 0 1 8 , 4 4 0 , 0 0 0 1 9 , 3 5 7 , 0 0 0 2 0 , 3 1 9 , 0 0 0 21,333,000 De b t S e r v i c e 20 1 2 W a t e r R e f u n d i n g L o a n 64 2 , 0 0 0 64 9 , 0 0 0 54 9 , 0 0 0 54 6 , 0 0 0 54 7 , 0 0 0 54 8 , 0 0 0 54 7 , 0 0 0 54 5 , 0 0 0 54 8 , 0 0 0 549,000 549,000 549,000 Ne w D e b t S e r v i c e ( 1 5 ‐ Y e a r , 3 % L o a n ) 0 0 6 8 0 , 0 0 0 8 3 8 , 0 0 0 1 , 1 3 9 , 0 0 0 1 , 3 1 5 , 0 0 0 1 , 4 1 8 , 0 0 0 1 , 6 3 0 , 0 0 0 1 , 8 2 8 , 0 0 0 1 , 8 8 6 , 0 0 0 2 , 0 0 3 , 0 0 0 2 , 3 9 9 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 6 4 2 , 0 0 0 6 4 9 , 0 0 0 1 , 2 2 9 , 0 0 0 1 , 3 8 4 , 0 0 0 1 , 6 8 6 , 0 0 0 1 , 8 6 3 , 0 0 0 1 , 9 6 5 , 0 0 0 2 , 1 7 5 , 0 0 0 2 , 3 7 6 , 0 0 0 2 , 4 3 5 , 0 0 0 2 , 5 5 2 , 0 0 0 2 , 9 4 8 , 0 0 0 Ca p i t a l & O t h e r N o n ‐ O p e r a t i n g Wa t e r C I P P r o j e c t s 4, 1 8 3 , 0 0 0 6, 26 9 , 0 0 0 91 4 , 0 0 0 4, 24 5 , 0 0 0 3, 36 3 , 0 0 0 3, 2 0 2 , 0 0 0 4, 5 2 7 , 0 0 0 4, 0 3 6 , 0 0 0 5, 4 1 1 , 0 0 0 5,384,000 5,023,000 6,007,000 Re c y c l e d W a t e r C I P , N e t W a t e r S h a r e 0 4 1 8 , 0 0 0 1 , 7 2 8 , 0 0 0 4 6 , 0 0 0 1 5 7 , 0 0 0 3 1 , 0 0 0 8 6 9 , 0 0 0 1 , 3 0 3 , 0 0 0 1 6 0 , 0 0 0 0 1,344,000 4,290,000 Re c y c l e d W a t e r C I P , Ne t N B W R A ‐ 0 0 7 5 0 , 0 0 0 1 , 6 9 0 , 0 0 0 2 5 0 , 0 0 0 0 2 , 1 0 0 , 0 0 0 6 9 5 , 0 0 0 0 1,200,000 750,000 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 4 , 1 8 3 , 0 0 0 6 , 6 8 7 , 0 0 0 2 , 6 4 2 , 0 0 0 5 , 0 4 1 , 0 0 0 5 , 2 1 0 , 0 0 0 3 , 4 8 3 , 0 0 0 5 , 3 9 6 , 0 0 0 7 , 4 3 9 , 0 0 0 6 , 2 6 6 , 0 0 0 5 , 3 8 4 , 0 0 0 7 , 5 6 7 , 0 0 0 1 1 , 0 4 7 , 0 0 0 To t a l E x p e n s e s 15 , 8 3 7 , 0 0 0 1 9 , 6 0 8 , 0 0 0 1 7 , 4 9 3 , 0 0 0 2 0 , 9 1 9 , 0 0 0 2 2 , 1 0 2 , 0 0 0 2 1 , 3 0 1 , 0 0 0 2 4 , 1 0 3 , 0 0 0 2 7 , 1 8 4 , 0 0 0 2 7 , 0 8 2 , 0 0 0 2 7 , 1 7 6 , 0 0 0 3 0 , 4 3 8 , 0 0 0 3 5 , 3 2 8 , 0 0 0 Pe n s i o n , F i x e d A s s e t & O t h e r A d j u s t m e n t s 8 5 5 , 4 4 30 0 0 0 0 0 0 0 0 0 0 Re v e n u e s L e s s E x p e n s e s & T r a n s f e r s (3 , 1 9 5 , 4 4 3 ) 3 6 7 , 0 0 0 1 9 2 , 0 0 0 9 9 , 0 0 0 1 9 7 , 0 0 0 2 5 9 , 0 0 0 2 1 7 , 0 0 0 2 1 5 , 0 0 0 2 0 2 , 0 0 0 ( 1 4 8 , 0 0 0 ) 2 8 3 , 0 0 0 1 4 6 , 0 0 0 En d i n g F u n d R e s e r v e s 7, 7 6 2 , 5 5 7 8 , 6 8 8 , 0 0 0 8 , 8 8 0 , 0 0 0 8 , 9 7 9 , 0 0 0 9 , 1 7 6 , 0 0 0 9 , 4 3 5 , 0 0 0 9 , 6 5 2 , 0 0 0 9 , 8 6 7 , 0 0 0 1 0 , 0 6 9 , 0 0 0 9 , 9 2 1 , 0 0 0 1 0 , 2 0 4 , 0 0 0 1 0 , 3 5 0 , 0 0 0 Mi n F u n d R s r v T a r g e t : 25 % O & M + $ 4 M C I P 7, 7 5 0 , 0 0 0 8 , 0 7 0 , 0 0 0 8 , 4 1 0 , 0 0 0 8 , 6 2 0 , 0 0 0 8 , 8 0 0 , 0 0 0 8 , 9 9 0 , 0 0 0 9 , 1 9 0 , 0 0 0 9 , 3 9 0 , 0 0 0 9 , 6 1 0 , 0 0 0 9 , 8 4 0 , 0 0 0 1 0 , 0 8 0 , 0 0 0 1 0 , 3 3 0 , 0 0 0 De b t S e r v i c e C o v e r a g e 3. 8 7 2. 6 2 1. 6 82 .1 82 .3 12 .6 33 .0 43 .0 93 .1 83 .1 53 .06 2.69 Pa y ‐ G o F u n d i n g G e n e r a t e d f o r C I P 98 7 , 5 5 7 1, 0 5 4 , 0 0 0 8 3 4 , 0 0 0 1 , 6 4 0 , 0 0 0 2 , 2 0 7 , 0 0 0 3, 0 4 2 , 0 0 0 4 , 0 1 3 , 0 0 0 4 , 5 5 4 , 0 0 0 5 , 1 6 8 , 0 0 0 5 , 2 3 6 , 0 0 0 5 , 2 5 0 , 0 0 0 4 , 9 9 3 , 0 0 0 Ta b l e 8 A ‐ W a t e r C a s h F l o w P r o j e c t i o n s , F u l l C I P Working Draft Ju l y 1 Ja n 1 Ja n 1 Ju l y 1 Ja n 1 Ja n 1 18 m o s AT T A C H M E N T 2 - Fu l l an d Re d u c e d CI P Sc e n a r i o s Ca s h Fl o w Pr o j e c t i o n s fo r Wa t e r an d Wa s t e w a t e r En t e r p r i s e Funds $ Q Q X D O ( [ S H Q V H V 0 L O O L R Q V 1 % : 5 $ 3 U R M H F W V 3 D \ * R & D S L W D O ' H E W 6 H U Y L F H : D W H U 6 R X U F H R I 6 X S S O \ : D W H U 2 S H U D W L Q J & R V W V 3 U R M H F W H G 5 H Y H Q X H V &L W \ R I 3 H W D O X P D :D W H U 3 U R M H F W H G 5 H Y H Q X H V ( [ S H Q V H V ) X O O & , 3 Ύ ǆ Đ ů Ƶ Ě Ğ Ɛ Ő ƌ Ă Ŷ ƚ Ă Ŷ Ě Ě Ğ ď ƚ Ͳ Ĩ Ƶ Ŷ Ě Ğ Ě Đ Ă Ɖ ŝ ƚ Ă ů ŝ ŵ Ɖ ƌ Ž ǀ Ğ ŵ Ğ Ŷ ƚ Ɛ ͕ ď Ƶ ƚ ŝ Ŷ Đ ů Ƶ ĚĞ Ɛ Ɖ ƌ Ž ũ Ğ Đ ƚ Ğ Ě Ŷ Ğ ǁ Ě Ğ ď ƚ Ɛ Ğ ƌ ǀ ŝ Đ Ğ Ž Ŷ Ě Ğ ď ƚ Ͳ Ĩ ŝ Ŷ Ă Ŷ Đ Ğ Ě Ɖ ƌ Ž ũ Ğ Đ ƚ Ɛ ͘ 21 P r i o r C u r r e n t 1 2 3 4 5 6 7 8 9 1 0 20 1 5 / 1 6 2 0 1 6 / 1 7 2 0 1 7 / 1 8 2 0 1 8 / 1 9 2 0 1 9 / 2 0 2 0 2 0 / 2 1 2 0 2 1 / 2 2 2 0 2 2 / 2 3 2 0 2 3 / 2 4 2 0 2 4 / 2 5 2 0 2 5 / 2 6 2 0 2 6 / 2 7 Ra t e A d j u s t m e n t s Ju l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 S C W A A d j u s t m e n t Us a g e R a t e s O n l y 1. 7 % 2. 8 % 3. 0 % 2. 9 % 2. 8 % 2. 7 % 2. 6 % 2. 6 % 2. 6 % 2.5%2.5%2.6% C P I A d j u s t m e n t Al l R a t e s 2. 6 % 0. 0 % 3. 0 % 2. 0 % 2. 0 % 2. 0 % 2. 0 % 2. 0 % 2. 0 % 2.0%2.0%2.0% C i t y R a t e I n c r e a s e A l l R a t e s 0. 0 % 0. 0 % 4. 0 % 4. 0 % 4. 0 % 4. 0 % 4. 0 % 2. 0 % 2. 0 % 2.0%0.0%0.0% T o t a l O v e r a l l R a t e I n c r e a s e 4. 0 % 2. 3 % 9. 5 % 8. 4 % 8. 3 % 8. 2 % 8. 2 % 6. 1 % 6. 1% 6.1%4.1%4.1% Wa t e r C a p a c i t y F e e $3 , 6 7 7 $ 3 , 7 5 1 $ 3 , 8 2 6 $ 3 , 9 0 3 $ 3 , 9 8 1 $ 4 , 0 6 1 $ 4 , 1 4 2 $ 4 , 2 2 5 $ 4 , 3 1 0 $ 4 , 3 9 6 $ 4 , 4 8 4 $ 4 , 5 7 4 G r o w t h (E D U s ) 5 05 05 05 05 05 05 05 05 05 05 0 Gr o w t h i n A c c o u n t s % 0. 2 5 % 0 . 2 5 % 0 . 25 % 0 . 2 5 % 0 . 2 5 % 0 . 2 5 % 0 . 2 5 % 0 . 2 5 % 0 . 2 5% 0.25% 0.25% Ch a n g e i n W a t e r S a l e s % 3% 3% 3% 0% 0% 0% 0% 0% 0%0%0% Wa t e r S a l e s ( h c f ) 2, 8 4 3 , 0 0 0 2, 92 8 , 0 0 0 3, 00 1 , 0 0 0 3, 09 1 , 0 0 0 3, 09 1 , 0 0 0 3, 0 9 1 , 0 0 0 3, 0 9 1 , 0 0 0 3, 0 9 1 , 0 0 0 3, 0 9 1 , 0 0 0 3,091,000 3,091,000 3,091,000 Su p p l y f r o m W e l l P r o d u c t i o n 12 5 , 0 0 0 15 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 20 0 , 0 0 0 200,000 200,000 200,000 SC W A W a t e r S u p p l y ( h c f ) wi t h 1 0 % S y s t L o s s 3, 0 2 2 , 0 0 0 3 , 07 1 , 0 0 0 3 , 10 1 , 0 0 0 3 , 20 0 , 0 0 0 3 , 20 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3 , 2 0 0 , 0 0 0 3,200,000 SC W A R a t e p e r h c f (6 % e s c a l a t i o n ) $1 . 7 5 $ 1 . 8 5 $ 1 . 9 6 $ 2 . 0 8 $ 2 . 2 0 $ 2 . 3 4 $ 2 . 4 8 $ 2 . 6 2 $ 2 . 7 8 $ 2 . 9 5 $ 3 . 1 3 $ 3 . 3 1 Op e r a t i n g C o s t E s c a l a t i o n ‐ ‐ 4 . 0 %4 . 0 % 4 . 0 % 4 . 0 % 4 . 0 % 4 . 0 % 4 . 0 % 4 . 0 % 4 . 0% 4.0% In t e r e s t E a r n i n g s R a t e 0 . 4 % 0 . 5 % 0 . 5% 0 . 5 % 0 . 5 % 1 . 0 % 1 . 0 % 1. 0 % 1. 0 % 1.0%1 .0%1.0% De b t S e r v i c e p e r $ 1 M P r o j e c t F u n d i n g ‐ $ 8 5 , 0 0 0 $ 8 5 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 $ 9 0 , 0 0 0 Be g i n n i n g F u n d R e s e r v e s $1 0 , 9 5 8 , 0 0 0 $ 8 , 3 2 0 , 0 0 0 $ 8 , 6 8 7 , 0 0 0 $ 8 , 9 5 7 , 0 0 0 $ 8 , 7 7 3 , 0 0 0 $ 8 , 9 8 4 , 0 0 0 $ 9 , 2 2 1 , 0 0 0 $ 9 , 4 4 2 , 0 0 0 $ 1 0 , 7 8 5 , 0 0 0 $ 1 0 , 3 4 1 , 0 0 0 $ 1 0 , 2 6 7 , 0 0 0 $ 1 0 , 5 1 6 , 0 0 0 RE V E N U E S Fi x e d M o n t h l y C h a r g e s ( e s t . ) 2, 2 0 4 , 0 0 0 2 , 2 5 6 , 0 0 0 2 , 4 2 0 , 0 0 0 2 , 5 7 2 , 0 0 0 2 , 7 3 3 , 0 0 0 2 , 9 0 4 , 0 0 0 3 , 0 8 6 , 0 0 0 3 , 2 1 7 , 0 0 0 3 , 3 5 4 , 0 0 0 3 , 4 9 7 , 0 0 0 3 , 5 7 6 , 0 0 0 3 , 6 5 7 , 0 0 0 Wa t e r C o n s u m p t i o n C h a r g e s 10 , 3 4 6 , 0 0 0 10 , 9 8 9 , 0 0 0 12 , 3 8 5 , 0 0 0 13 , 8 8 6 , 0 0 0 15 , 1 0 5 , 0 0 0 16 , 4 2 0 , 0 0 0 17 , 8 3 8 , 0 0 0 19 , 0 1 1 , 0 0 0 20 , 2 5 8 , 0 0 0 21,584,000 22,563,000 23,594,000 S u b t o t a l 12 , 5 5 0 , 0 0 0 13 , 2 4 5 , 0 0 0 14 , 8 0 5 , 0 0 0 16 , 4 5 8 , 0 0 0 17 , 8 3 8 , 0 0 0 19 , 3 2 4 , 0 0 0 20 , 9 2 4 , 0 0 0 22 , 2 2 8 , 0 0 0 23 , 6 1 2 , 0 0 0 25,081,00 0 26,139,00 0 27,251,00 0 In t e r e s t E a r n i n g s 49 , 0 0 0 4 2 , 0 0 0 4 3 , 0 0 0 0 4 4 , 0 0 0 9 0 , 0 0 0 9 2 , 0 0 0 9 4 , 0 0 0 1 0 8 , 0 0 0 1 0 3 , 0 0 0 1 0 3 , 0 0 0 1 0 5 , 0 0 0 Co n n e c t i o n F e e s / C a p a c i t y C h a r g e s 28 0 , 0 0 0 1 8 8 , 0 0 0 1 9 1 , 0 0 0 1 9 5 , 0 0 0 1 9 9 , 0 0 0 2 0 3 , 0 0 0 2 0 7 , 0 0 0 2 1 1 , 0 0 0 2 1 6 , 0 0 0 2 2 0 , 0 0 0 2 2 4 , 0 0 0 2 2 9 , 0 0 0 Ot h e r / M i s c e l l a n e o u s 56 8 , 0 0 0 5 0 0 , 0 0 0 5 1 0 , 0 0 0 5 2 0 , 0 0 0 5 3 0 , 0 0 0 5 4 1 , 0 0 0 5 5 2, 0 0 0 5 6 3 , 0 0 0 5 7 4 , 0 0 0 5 8 5 , 0 0 0 5 9 7 , 0 0 0 6 0 9 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ To t a l R e v e n u e s 1 3 , 4 4 7 , 0 0 0 1 3 , 9 7 5 , 0 0 0 1 5 , 5 4 9 , 0 0 0 1 7 , 1 7 3 , 0 0 0 1 8 , 6 1 1 , 0 0 0 2 0 , 1 5 8 , 0 0 0 2 1 , 7 7 5 , 0 0 0 2 3 , 0 9 6 , 0 0 0 2 4 , 5 1 0 , 0 0 0 2 5 , 9 8 9 , 0 0 0 2 7 , 0 6 3 , 0 0 0 2 8 , 1 9 4 , 0 0 0 De b t P r o c e e d s ( 1 5 ‐ Y e a r , 3 % L o a n ) 6, 0 0 0 , 0 0 0 2 , 0 0 0 , 0 0 0 1 , 5 0 0 , 0 0 0 3 , 0 0 0 , 0 0 0 1 , 5 0 0 , 0 0 0 1 , 0 0 0 , 0 0 0 1, 5 0 0 , 0 0 0 2,300,000 EX P E N S E S Op e r a t i n g & M a i n t e n a n c e Ad m i n i s t r a t i o n ( E x c l C a p i t a l T r a n s f e r & D e b t ) 1, 8 2 4 , 0 0 0 2 , 1 6 6 , 0 0 0 2 , 2 5 3 , 0 0 0 2 , 3 4 3 , 0 0 0 2 , 4 3 7 , 0 0 0 2 , 5 3 4 , 0 0 0 2 , 6 3 5 , 0 0 0 2 , 7 4 0 , 0 0 0 2 , 8 5 0 , 0 0 0 2 , 9 6 4 , 0 0 0 3 , 0 8 3 , 0 0 0 3 , 2 0 6 , 0 0 0 Wa t e r C o n s e r v a t i o n 77 2 , 0 0 0 5 7 0 , 0 0 0 5 9 3 , 0 0 0 6 1 7 , 0 0 0 6 4 2 , 0 0 0 6 6 8 , 0 0 0 6 9 5 , 0 0 0 7 2 3 , 0 0 0 7 5 2 , 0 0 0 7 8 2 , 0 0 0 8 1 3 , 0 0 0 8 4 6 , 0 0 0 Wa t e r C u s t o m e r S e r v i c e 65 1 , 0 0 0 6 2 5 , 0 0 0 6 5 0 , 0 0 0 6 7 6 , 0 0 0 7 0 3 , 0 0 0 7 3 1 , 0 0 0 7 6 0 , 0 0 0 7 9 0 , 0 0 0 8 2 2 , 0 0 0 8 5 5 , 0 0 0 8 8 9 , 0 0 0 9 2 5 , 0 0 0 Wa t e r L e a k D e t e c t / C r o s s C o n n e c t 12 5 , 0 0 0 1 2 4 , 0 0 0 1 2 9 , 0 0 0 1 3 4 , 0 0 0 1 3 9 , 00 0 1 4 5 , 0 0 0 1 5 1 , 0 0 0 1 5 7 , 0 0 0 1 6 3 , 0 0 0 1 7 0 , 0 0 0 1 7 7 , 0 0 0 1 8 4 , 0 0 0 Wa t e r P u m p i n g 20 2 , 0 0 0 5 4 0 , 0 0 0 5 6 2 , 0 0 0 5 8 4 , 0 0 0 6 0 7 , 0 0 0 6 3 1 , 0 0 0 6 5 6 , 0 0 0 6 82 , 0 0 0 7 0 9 , 0 0 0 7 3 7 , 0 0 0 7 6 6 , 0 0 0 7 9 7 , 0 0 0 Wa t e r S o u r c e o f S u p p l y 5, 2 8 7 , 7 4 5 5 , 6 8 1 , 0 0 0 6 , 0 8 1 , 0 0 0 6 , 6 5 2 , 0 0 0 7 , 0 5 1 ,0 0 0 7 , 4 7 4 , 0 0 0 7 , 9 2 2 , 0 0 0 8 , 3 9 8 , 0 0 0 8 , 9 0 1 , 0 0 0 9 , 4 3 6 , 0 0 0 1 0 , 0 0 2 , 0 0 0 1 0 , 6 0 2 , 0 0 0 Wa t e r T r a n s m i s s i o n & D i s t r i b u t i o n 2, 1 5 1 , 0 0 0 2 , 5 6 6 , 0 0 0 2 , 6 6 9 , 0 0 0 2 , 7 76 , 0 0 0 2 , 8 8 7 , 0 0 0 3 , 0 0 2 , 0 0 0 3 , 1 2 2 , 0 0 0 3 , 2 4 7 , 0 0 0 3 , 3 7 7 , 0 0 0 3 , 5 1 2 , 0 0 0 3 , 6 5 2 , 0 0 0 3 , 7 9 8 , 0 0 0 Pa v e m e n t M a n a g e m e n t P r o g r a m 0 0 4 3 5 , 0 0 0 4 5 2 , 0 0 0 4 7 0 , 0 0 0 4 8 9 , 0 0 0 5 0 9 , 0 0 0 5 2 9 , 0 0 0 5 5 0 , 0 0 0 5 7 2 , 0 0 0 5 9 5 , 0 0 0 6 1 9 , 0 0 0 Gr o u n d w a t e r S u s t a i n a b il i t y A g e n c y 0 0 2 5 0 , 00 0 2 6 0 , 0 0 0 2 7 0 , 0 0 0 2 8 1 , 0 0 0 2 9 2 ,0 0 0 3 0 4 , 0 0 0 3 1 6 , 0 0 0 329,000 342,000 356,000 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 1 1 , 0 1 2 , 7 4 5 1 2 , 27 2 , 0 0 0 1 3 , 62 2 , 0 0 0 1 4 , 49 4 , 0 0 0 1 5 , 20 6 , 0 0 0 1 5 , 9 5 5 , 0 0 0 1 6 , 7 4 2 , 0 0 0 1 7 , 5 7 0 , 0 0 0 1 8 , 4 4 0 , 0 0 0 1 9 , 3 5 7 , 0 0 0 2 0 , 3 1 9 , 0 0 0 21,333,000 De b t S e r v i c e 20 1 2 W a t e r R e f u n d i n g L o a n 64 5 , 0 0 0 64 9 , 0 0 0 54 9 , 0 0 0 54 6 , 0 0 0 54 7 , 0 0 0 54 8 , 0 0 0 54 7 , 0 0 0 54 5 , 0 0 0 54 8 , 0 0 0 549,000 549,000 549,000 Ne w D e b t S e r v i c e ( 1 5 ‐ Y e a r , 3 % L o a n ) 0 0 6 8 0 , 0 0 0 7 4 8 , 0 0 0 9 5 0 , 0 0 0 1 , 1 5 3 , 0 0 0 1 , 2 6 5 , 0 0 0 1 , 3 1 0 , 0 0 0 1 , 3 7 8 , 0 0 0 1 , 4 4 5 , 0 0 0 1 , 4 4 5 , 0 0 0 1 , 5 4 9 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 6 4 5 , 0 0 0 6 4 9 , 0 0 0 1 , 2 2 9 , 0 0 0 1 , 2 9 4 , 0 0 0 1 , 4 9 7 , 0 0 0 1 , 7 0 1 , 0 0 0 1 , 8 1 2 , 0 0 0 1 , 8 5 5 , 0 0 0 1 , 9 2 6 , 0 0 0 1 , 9 9 4 , 0 0 0 1 , 9 9 4 , 0 0 0 2 , 0 9 8 , 0 0 0 Ca p i t a l & O t h e r N o n ‐ O p e r a t i n g Wa t e r C I P P r o j e c t s 4, 1 8 3 , 0 0 0 6, 26 9 , 0 0 0 70 0 , 0 0 0 3, 06 9 , 0 0 0 4, 69 7 , 0 0 0 3, 7 6 5 , 0 0 0 3, 4 2 0 , 0 0 0 2, 3 2 8 , 0 0 0 6, 0 8 8 , 0 0 0 4,712,000 4,501,000 5,040,000 Re c y c l e d W a t e r C I P , N e t W a t e r S h a r e 0 4 1 8 , 0 0 0 1 , 7 2 8 , 0 0 00 0 0 5 8 0 , 0 0 0 0 0 0 0 2 , 0 1 6 , 0 0 0 Re c y c l e d W a t e r C I P , Ne t N B W R A ‐ 0 0 0 0 0 0 0 0 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 4 , 1 8 3 , 0 0 0 6 , 6 8 7 , 0 0 0 2 , 4 2 8 , 0 0 0 3 , 0 6 9 , 0 0 0 4 , 6 9 7 , 0 0 0 3 , 7 6 5 , 0 0 0 4 , 0 0 0 , 0 0 0 2 , 3 2 8 , 0 0 0 6 , 0 8 8 , 0 0 0 4 , 7 1 2 , 0 0 0 4 , 5 0 1 , 0 0 0 7 , 0 5 6 , 0 0 0 To t a l E x p e n s e s 1 5 , 8 4 0 , 7 4 5 1 9 , 6 0 8 , 0 0 0 1 7 , 2 7 9 , 0 0 0 1 8 , 8 5 7 , 0 0 0 2 1 , 4 0 0 , 0 0 0 2 1 , 4 2 1 , 0 0 0 2 2 , 5 5 4 , 0 0 0 2 1 , 7 5 3 , 0 0 0 2 6 , 4 5 4 , 0 0 0 2 6 , 0 6 3 , 0 0 0 2 6 , 8 1 4 , 0 0 0 3 0 , 4 8 7 , 0 0 0 Pe n s i o n L i a b i l i t y & O t he r T r a n s f e r s 3 7 2 , 0 0 00 0 0 0 0 0 0 0 0 0 0 Re v e n u e s L e s s E x p e n s e s & T r a n s f e r s (2 , 7 6 5 , 7 4 5 ) 3 6 7 , 0 0 0 2 7 0 , 0 0 0 ( 1 8 4 , 0 0 0 ) 2 1 1 , 0 0 0 2 3 7 , 0 0 0 2 2 1 , 0 0 0 1 , 3 4 3 , 0 0 0 ( 4 4 4 , 0 0 0 ) ( 7 4 , 0 0 0 ) 2 4 9 , 0 0 0 7 , 0 0 0 En d i n g F u n d R e s e r v e s 8, 1 9 2 , 2 5 5 8 , 6 8 7 , 0 0 0 8 , 9 5 7 , 0 0 0 8 , 7 7 3 , 0 0 0 8 , 9 8 4 , 0 0 0 9 , 2 2 1 , 0 0 0 9 , 4 4 2 , 0 0 0 1 0 , 7 8 5 , 0 0 0 1 0 , 3 4 1 , 0 0 0 1 0 , 2 6 7 , 0 0 0 1 0 , 5 1 6 , 0 0 0 1 0 , 5 2 3 , 0 0 0 Mi n F u n d R s r v T a r g e t : 25 % O & M + $ 4 M C I P 7, 7 5 0 , 0 0 0 8 , 0 7 0 , 0 0 0 8 , 4 1 0 , 0 0 0 8 , 6 2 0 , 0 0 0 8 , 8 0 0 , 0 0 0 8 , 9 9 0 , 0 0 0 9 , 1 9 0 , 0 0 0 9 , 3 9 0 , 0 0 0 9 , 6 1 0 , 0 0 0 9 , 8 4 0 , 0 0 0 1 0 , 0 8 0 , 0 0 0 1 0 , 3 3 0 , 0 0 0 De b t S e r v i c e C o v e r a g e 3. 7 7 2. 6 2 1. 5 72 .0 72 .2 72 .4 72 .7 82 .9 83 .1 53 .3 33 .38 3.27 Ne t F u n d i n g G e n e r a t e d f o r C I P 1, 4 1 7 , 2 5 5 1 , 0 5 4 , 0 0 0 6 9 8 , 0 0 0 1 , 3 8 5 , 0 0 0 1 ,9 0 8 , 0 0 0 2 , 5 0 2 , 0 0 0 3 , 2 2 1 , 0 0 0 3 , 6 7 1 , 0 0 0 4 , 1 4 4 , 0 0 0 4 , 6 3 8 , 0 0 0 4 , 7 5 0 , 0 0 0 4 , 7 6 3 , 0 0 0 Ta b l e 8 B ‐ W a t e r C a s h F l o w Pr o j e c t i o n s , R e d u c e d C I P Working Draft Ju l y 1 Ja n 1 Ja n 1 Ju l y 1 Ja n 1 Ja n 1 18 m o s WA T E R 24 6. 6 7. 5 7. 8 8. 2 8. 5 8. 8 9. 2 9. 5 9. 9 10.3 10.7 5. 7 6. 1 6. 7 7. 1 7. 5 7. 9 8. 4 8. 9 9. 4 10.0 10.6 0. 6 1. 2 1. 3 1. 5 1. 7 1. 8 1. 9 1. 9 2. 0 2.02.1 0. 7 0. 4 1. 6 1. 7 2. 3 3. 0 2. 3 4. 6 4. 7 4.54.8 $0$5 $1 0 $1 5 $2 0 $2 5 $3 0 $3 5 20 1 6 / 1 7 2 0 1 7 / 1 8 2 0 1 8 / 1 9 2 0 1 9 / 2 0 2 0 2 0 / 2 1 2 0 2 1 / 2 2 2 0 2 2 / 2 3 2 0 2 3 / 2 4 2 0 2 4 / 2 5 2 0 2 5 / 2 6 2 0 2 6 / 2 7 A n n u a l E x p e n s e s ( $ M i l l i o n s ) P a y - G o C a p i t a l D e b t S e r v i c e W a t e r S o u r c e o f S u p p l y W a t e r O p e r a t i n g C o s t s P r o j e c t e d R e v e n u e s Ci t y o f P e t a l u m a Wa t e r P r o j e c t e d R e v e n u e s & E x p e n s e s , R e d u c e d C I P * E x c l u d e s g r a n t a n d d e b t ‐ f u n d e d c a p i t a l i m p r o v e m e n t s , b u t i n c l u de s p r o j e c t e d n e w d e b t s e r v i c e o n d e b t ‐ f i n a n c e d p r o j e c t s . WA T E R 25 P r i o r C u r r e n t 1 2 3 4 5 6 7 8 9 1 0 20 1 5 / 1 6 2 0 1 6 / 1 7 2 0 1 7 / 1 8 2 0 1 8 / 1 9 2 0 1 9 / 2 0 2 0 2 0 / 2 1 2 0 2 1 / 2 2 2 0 2 2 / 2 3 2 0 2 3 / 2 4 2 0 2 4 / 2 5 2 0 2 5 / 2 6 2 0 2 6 / 2 7 Ra t e A d j u s t m e n t E f f e c t i v e Ju l y 1 Ju l y 1 Ju l y 1 Ju l y 1 Ju l y 1 Ju l y 1 Ju l y 1 July 1 July 1 July 1 C P I A d j u s t m e n t 2. 6 % 0. 0 % 3. 0 % 2. 0 % 2 .0 % 2. 0 % 2. 0 % 2. 0 % 0. 0 % 0.0%0.0%0.0 % C i t y R a t e I n c r e a s e 1. 5 % 0. 0 % 3. 5 % 3. 5 % 3. 5 % 3. 5 % 3. 5 % 0. 0 % 0. 0 % 0.0%0.0%0.0% T o t a l O v e r a l l R a t e I n c r e a s e 4. 1 % 0. 0 % 6. 5 % 5. 5 % 5. 5 % 5. 5 % 5. 5 % 2. 0 % 0. 0% 0.0%0.0%0.0% Se w e r C a p a c i t y F e e $7 , 5 5 4 $ 7 , 7 0 5 $ 7 , 8 5 9 $ 8 , 0 1 6 $ 8 , 1 7 6 $ 8 , 3 4 0 $ 8 , 5 0 7 $ 8 , 6 7 7 $ 8 , 8 5 1 $ 9 , 0 2 8 $ 9 , 2 0 9 $ 9 , 3 9 3 G r o w t h (E D U s ) 5 05 05 05 05 05 05 05 05 05 05 0 Gr o w t h i n A c c t s 0. 2 7 % 0 . 2 7 % 0 . 2 7 % 0 . 26 % 0 . 2 6 % 0 . 2 6 % 0 . 2 6 % 0 . 2 6 % 0 . 2 6 % 0 . 2 6% 0.26% Ch a n g e i n B i l l e d U s e ‐4 . 0 % 2. 0 % 2. 0 % 2. 0 % 0. 0 % 0. 0 % 0. 0 % 0. 0 % 0.0%0.0%0.0% Co s t E s c a l a t i o n ‐ ‐ 4. 0 % 4. 0 % 4. 0 %4 .0 %4 .0 %4 .0 %4 .0 %4 .0 %4 .0 %4 .0 % In t e r e s t E a r n i n g s R a t e ‐ 0. 5 % 0. 5 % 0. 5 % 0. 5 % 1. 0 % 1. 0 % 1. 0 % 1. 0 % 1.0%1.0 %1 .0 % Be g i n n i n g F u n d R e s e r v e s $3 3 , 1 4 0 , 0 0 0 $ 3 6 , 9 2 7 , 0 0 0 $ 2 4 , 9 6 0 , 0 0 0 $ 2 0 , 6 8 1 , 0 0 0 $ 2 0 , 8 6 4 , 0 0 0 $ 1 9 , 9 3 3 , 0 0 0 $ 1 8 , 0 8 7 , 0 0 0 $ 1 8 , 5 3 4 , 0 0 0 $ 1 7 , 5 6 1 , 0 0 0 $ 1 7 , 4 9 6 , 0 0 0 $ 1 6 , 7 1 0 , 0 0 0 $ 1 5 , 6 0 8 , 0 0 0 RE V E N U E S Se w e r S e r v i c e C h a r g e s 24 , 1 2 2 , 0 0 0 2 3 , 8 6 5 , 0 0 0 2 5 , 8 1 0 , 0 0 0 2 7 , 6 5 4 , 0 0 0 2 9 , 6 3 1 , 0 0 0 3 1 , 2 8 1 , 0 0 0 3 3 , 0 2 4 , 0 0 0 3 3 , 7 0 6 , 0 0 0 3 3 , 7 2 8 , 0 0 0 3 3 , 7 5 0 , 0 0 0 3 3 , 7 7 2 , 0 0 0 3 3 , 7 9 4 , 0 0 0 Re c l a i m e d W a t e r 26 8 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 In t e r e s t E a r n i n g s 12 2 , 0 0 0 1 8 5 , 0 0 0 1 2 5 , 0 0 0 1 0 3 , 0 0 0 1 0 4 , 0 0 0 1 9 9 , 0 0 0 1 8 1 , 0 0 0 1 8 5 , 0 0 0 1 7 6 , 0 0 0 1 7 5 , 0 0 0 1 6 7 , 0 0 0 1 5 6 , 0 0 0 Co n n e c t i o n F e e s / C a p a c i t y C h a r g e s 2, 9 8 9 , 0 0 0 3 8 5 , 0 0 0 3 9 3 , 0 0 0 4 0 1 , 0 0 0 4 0 9 , 0 0 0 4 1 7 , 0 0 0 4 2 5 , 0 0 0 4 3 4 , 0 0 0 4 4 3 , 0 0 0 4 5 1 , 0 0 0 4 6 0 , 0 0 0 4 7 0 , 0 0 0 Bi o s o l i d s t o B i o g a s ( B 2 B ) R e v e n u e s 0 0 0 4 8 0 , 0 0 0 1 , 0 3 0 , 0 0 0 1 , 0 4 9 , 0 0 0 1 ,1 1 8 , 0 0 0 1 , 1 3 9 , 0 0 0 1 , 1 6 1 , 0 0 0 1 , 2 3 3 , 0 0 0 1 , 2 5 8 , 0 0 0 1 , 2 8 3 , 0 0 0 In t e r f u n d L o a n P y m t s (f r o m P o l i c e / F i r e ) 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0000 Ot h e r / M i s c e l l a n e o u s 1 9 3 , 0 0 0 1 7 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0, 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ To t a l R e v e n u e s 2 7 , 6 9 4 , 0 0 0 2 5 , 3 0 3 , 0 0 0 2 7 , 1 2 6 , 0 0 0 2 9 , 4 3 6 , 0 0 0 3 1 , 9 7 2 , 0 0 0 3 3 , 7 4 4 , 0 0 0 3 5 , 5 4 6 , 0 0 0 3 6 , 2 6 2 , 0 0 0 3 6 , 3 0 6 , 0 0 0 3 6 , 0 0 9 , 0 0 0 3 6 , 0 5 7 , 0 0 0 3 6 , 1 0 3 , 0 0 0 Ne w D e b t P r o c e e d s 10 , 0 0 0 , 0 0 0 3, 0 0 0 , 0 0 0 EX P E N S E S Op e r a t i n g & M a i n t e n a n c e Ad m i n i s t r a t i o n 1, 6 3 4 , 0 0 0 1 , 8 8 5 , 0 0 0 1 , 9 6 0 , 0 0 0 2 , 0 3 8 , 0 0 0 2 , 1 2 0 , 0 0 0 2 , 2 0 5, 0 0 0 2 , 2 9 3 , 0 0 0 2 , 3 8 5 , 0 0 0 2 , 4 8 0 , 0 0 0 2 , 5 7 9 , 0 0 0 2 , 6 8 2 , 0 0 0 2 , 7 8 9 , 0 0 0 Co l l e c t i o n S y s t e m 97 4 , 0 0 0 1 , 0 8 5 , 0 0 0 1 , 1 2 8 , 0 0 0 1 , 1 7 3 , 0 0 0 1 , 2 2 0 , 0 0 0 1 , 2 6 9 , 0 0 0 1 , 3 2 0 , 0 0 0 1 , 3 7 3 , 0 0 0 1 , 4 2 8 , 0 0 0 1 , 4 8 5 , 0 0 0 1 , 5 4 4 , 0 0 0 1 , 6 0 6 , 0 0 0 Se w a g e P u m p S t a t i o n s 35 3 , 0 0 0 5 4 2 , 0 0 0 5 6 4 , 0 0 0 5 8 7 , 0 0 0 6 1 0 , 0 0 0 6 3 4 , 0 0 0 6 59 , 0 0 0 6 8 5 , 0 0 0 7 1 2 , 0 0 0 7 4 0 , 0 0 0 7 7 0 , 0 0 0 8 0 1 , 0 0 0 Cu s t o m e r S e r v i c e 10 2 , 0 0 0 1 1 3 , 0 0 0 1 1 8 , 0 0 0 1 2 3 , 0 0 0 1 2 8 , 0 0 0 1 3 3 , 0 0 0 1 3 8 , 0 0 0 1 4 4 , 0 0 0 1 5 0 , 0 0 0 1 5 6 , 0 0 0 1 6 2 , 0 0 0 1 6 8 , 0 0 0 In d u s t r i a l 36 3 , 0 0 0 4 9 3 , 0 0 0 5 1 3 , 0 0 0 5 3 4 , 0 0 0 5 5 5 , 0 0 0 5 7 7 , 0 0 0 6 0 0 , 0 0 0 6 2 4 , 00 0 6 4 9 , 0 0 0 6 7 5 , 0 0 0 7 0 2 , 0 0 0 7 3 0 , 0 0 0 Re c l a m a t i o n 87 5 , 0 0 0 1 , 2 9 0 , 0 0 0 1 , 3 4 2 , 0 0 0 9 2 7 , 0 0 0 9 6 4 , 0 0 0 1 , 0 0 3 , 0 0 0 1 , 0 4 3 , 0 0 0 1 , 0 8 5 , 0 0 0 1 , 1 2 8 , 0 0 0 1 , 1 7 3 , 0 0 0 1 , 2 2 0 , 0 0 0 1 , 2 6 9 , 0 0 0 St o r m D r a i n 26 8 , 0 0 0 2 0 6 , 0 0 0 2 1 4 , 0 0 0 2 2 3 , 0 0 0 2 3 2 , 0 0 0 2 4 1 , 0 0 0 2 5 1 , 0 0 0 2 6 1 ,0 0 0 2 7 1 , 0 0 0 2 8 2 , 0 0 0 2 9 3 , 0 0 0 3 0 5 , 0 0 0 El l i s C r e e k O p e r a t i on s 3, 4 3 1 , 0 0 0 3 , 8 8 1 , 0 0 0 4 , 0 3 6 , 0 0 0 4, 1 9 7 , 0 0 0 4 , 3 6 5 ,0 0 0 4 , 5 4 0 , 0 0 0 4 , 7 2 2 , 0 0 0 4 , 9 1 1 , 0 0 0 5 , 1 0 7 , 0 0 0 5 , 3 1 1 , 0 0 0 5 , 5 2 3 , 0 0 0 5 , 7 4 4 , 0 0 0 WW T P E l e c t r i c i t y / N a t u r a l G a s 1, 1 2 7 , 0 0 0 1 , 4 2 1 , 0 0 0 1 , 4 7 8 , 0 0 0 1 , 5 3 7 , 0 0 0 1 , 5 9 8 , 0 0 0 1 , 6 6 2 , 0 0 0 1 , 7 2 8 , 0 0 0 1 , 7 9 7 , 0 0 0 1 , 8 6 9 , 0 0 0 1 , 9 4 4 , 0 0 0 2 , 0 2 2 , 0 0 0 2 , 1 0 3 , 0 0 0 Su p p l e m e n t a l M a i n t e n a n c e 0 1 5 0 , 0 0 0 4 2 5 , 0 0 0 6 0 0 , 0 0 0 7 7 0 , 0 0 0 8 0 5 , 0 0 0 8 3 7 ,0 0 0 8 7 0 , 0 0 0 9 0 5 , 0 0 0 9 4 1 , 0 0 0 9 7 9 , 0 0 0 1 , 0 1 8 , 0 0 0 Bi o s o l i d s t o B i o g a s ( B 2 B ) E x p e n s e s 0 0 0 7 5 0 , 0 0 0 7 8 0 , 0 0 0 8 1 1 , 0 0 0 8 4 3 , 0 00 8 7 7 , 0 0 0 9 1 2 , 0 0 0 9 4 8 , 0 0 0 9 8 6 , 0 0 0 1 , 0 2 5 , 0 0 0 Pa v e m e n t M a n a g e m e n t P r o g r a m 0 0 3 1 5 , 0 0 0 3 2 8 , 0 0 0 3 4 1 , 0 0 0 3 5 5 , 0 0 0 3 6 9 , 0 0 0 3 8 4 , 0 0 0 3 9 9 , 0 0 0 4 1 5 , 0 0 0 4 3 2 , 0 0 0 4 4 9 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 9 , 1 2 7 , 0 0 0 1 1 , 06 6 , 0 0 0 1 2 , 09 3 , 0 0 0 1 3 , 01 7 , 0 0 0 1 3 , 68 3 , 0 0 0 1 4 , 2 3 5 , 0 0 0 1 4 , 8 0 3 , 0 0 0 1 5 , 3 9 6 , 0 0 0 1 6 , 01 0 , 0 0 0 1 6 , 6 4 9 , 0 0 0 1 7 , 315,000 18,007,000 De b t S e r v i c e 20 0 5 S R F L o a n ( t h r o u g h F Y 2 0 2 9 ) 8, 4 7 6 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 36 5 , 0 0 0 8 , 36 5 , 0 0 0 8 , 36 5 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 36 5 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 365,000 8,365,000 20 1 1 W W R e f i B o n d s (i n c . t o $ 4 M i n 2 0 3 0 ) 1, 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 Ne w D e b t S e r v i c e 0 0 0 3 7 5 , 0 0 0 7 5 0 , 0 0 0 8 6 3 , 0 0 0 9 7 5 , 0 0 0 9 7 5 , 0 0 0 9 7 5 , 0 0 0 9 7 5 , 0 0 0 9 7 5 , 0 0 0 9 7 5 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 9 , 7 8 1 , 0 0 0 9 , 6 7 0 , 0 0 0 9 , 6 7 0 , 0 0 0 1 0 , 0 4 5 , 0 0 0 1 0 , 4 2 0 , 0 0 0 1 0 , 5 3 3 , 0 0 0 1 0 , 6 4 5 , 0 0 0 1 0 , 6 4 5 , 0 0 0 1 0 , 6 4 5 , 0 0 0 1 0 , 6 4 5 , 0 0 0 1 0 , 6 4 5 , 0 0 0 1 0 , 6 4 5 , 0 0 0 Ca p i t a l I m p r o v e m e n t s Wa s t e w a t e r C I P P r o j e c t s ( n e t ) 3, 9 9 0 , 0 0 0 1 3 , 0 4 5 , 0 0 0 8 , 9 2 1 , 0 0 0 1 1 , 1 2 4 , 0 0 0 7 , 0 6 4 , 0 0 0 9 , 9 9 5 , 0 0 0 9 , 2 6 8 , 0 0 0 1 1 , 1 9 4 , 0 0 0 7 , 2 5 6 , 0 0 0 5 , 0 6 7 , 0 0 0 7 , 8 9 4 , 0 0 0 6 , 7 2 0 , 0 0 0 R e c y c l e d W a t e r C I P , W a s t e w a t e r 0 0 0 0 0 1 ,5 7 6 ,0 0 00 0 1 ,47 6 , 0 0 0000 Re c y c l e d W a t e r C I P , N B W R A ( n e t ) 0 4 6 4 , 0 0 0 7 2 1 , 0 0 0 5 , 0 6 7 , 0 0 0 1 , 7 3 6 , 0 0 0 2 , 2 5 1 , 0 0 0 3 8 3 , 0 0 0 0 9 8 4 , 0 0 0 4 , 4 3 4 , 0 0 0 1 , 3 0 5 , 0 0 0 1 3 5 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 3 , 9 9 0 , 0 0 0 1 3 , 5 0 9 , 0 0 0 9 , 6 4 2 , 0 0 0 1 6 , 1 9 1 , 0 0 0 8 , 8 0 0 , 0 0 0 1 3 , 8 2 2 , 0 0 0 9 , 6 5 1 , 0 0 0 1 1 , 1 9 4 , 0 0 0 9 , 7 1 6 , 0 0 0 9 , 5 0 1 , 0 0 0 9 , 1 9 9 , 0 0 0 6 , 8 5 5 , 0 0 0 To t a l E x p e n s e s 2 2 , 8 9 8 , 0 0 0 3 4 , 2 4 5 , 0 0 0 3 1 , 4 0 5 , 0 0 0 3 9 , 2 5 3 , 0 0 0 3 2 , 9 0 3 , 0 0 0 3 8 , 5 9 0 , 0 0 0 3 5 , 0 9 9 , 0 0 0 3 7 , 2 3 5 , 0 0 0 3 6 , 3 7 1 , 0 0 0 3 6 , 7 9 5 , 0 0 0 3 7 , 1 5 9 , 0 0 0 3 5 , 5 0 7 , 0 0 0 Tr a n s f e r s / A d j s & L o a n t o P u b S a f e t y 1 , 0 0 9 , 0 0 0 3 , 0 2 5 , 0 0 0 00 0 0 0 0 0 0 0 0 Re v e n u e s L e s s E x p e n s e s 3, 7 8 7 , 0 0 0 ( 1 1 , 9 6 7 , 0 0 0 ) ( 4 , 2 7 9 , 0 0 0 ) 1 8 3 , 0 0 0 ( 9 3 1 , 0 0 0 ) ( 1 , 8 4 6 , 0 0 0 ) 4 4 7 , 0 0 0 ( 9 7 3 , 0 0 0 ) ( 6 5 , 0 0 0 ) ( 7 8 6 , 0 0 0 ) ( 1 , 1 0 2 , 0 0 0 ) 5 9 6 , 0 0 0 En d i n g F u n d R e s e r v e s 36 , 9 2 7 , 0 0 0 2 4 , 9 6 0 , 0 0 0 2 0 , 6 8 1 , 0 0 0 2 0 , 8 6 4 , 0 0 0 1 9 , 9 3 3 , 0 0 0 1 8 , 0 8 7 , 0 0 0 1 8 , 5 3 4 , 0 0 0 1 7 , 5 6 1 , 0 0 0 1 7 , 4 9 6 , 0 0 0 1 6 , 7 1 0 , 0 0 0 1 5 , 6 0 8 , 0 0 0 1 6 , 2 0 4 , 0 0 0 Mi n R s r v T a r g e t : 25 % O & M + $ 8 M C I P + $ 3 . 5 M R a 13 , 7 8 0 , 0 0 0 1 4 , 2 7 0 , 0 0 0 1 4 , 5 2 0 , 0 0 0 1 4 , 7 5 0 , 0 0 0 1 4 , 9 2 0 , 0 0 0 1 5 , 0 6 0 , 0 0 0 1 5 , 2 0 0 , 0 0 0 1 5 , 3 5 0 , 0 0 0 1 5 , 5 0 0 , 0 0 0 1 5 , 6 6 0 , 0 0 0 1 5 , 8 3 0 , 0 0 0 1 6 , 0 0 0 , 0 0 0 De b t S e r v i c e C o v e r a g e 1 . 9 0 1 . 4 7 1 . 5 51 . 6 3 1 . 7 6 1 . 8 5 1 . 9 5 1 . 9 6 1 . 9 1 1 . 8 2 1 . 76 1.70 Pa y ‐ G o F u n d i n g G e n e r a t e d f o r C I P 8, 7 8 6 , 0 0 0 4, 56 7 , 0 0 0 5, 36 3 , 0 0 0 6, 37 4 , 0 0 0 7, 8 6 9 , 0 0 0 8, 9 7 6 , 0 0 0 10 , 0 9 8 , 0 0 0 10 , 22 1 , 0 0 0 9, 6 5 1 , 0 0 0 8,715,000 8,097,000 7,451,000 Ta b l e 8 A ‐ P e t a l u m a W a s t e w a t e r Ca s h F l o w P r o j e c t i o n s , F u l l C I P Working Draft 18 m o s : SE W E R 72 5. 6 5. 8 5. 6 5. 8 6. 1 6. 3 6. 6 6. 8 7. 1 7.4 7.7 5. 3 5. 5 5. 7 6. 0 6. 2 6. 5 6. 7 7. 0 7. 3 7.5 7.8 0. 2 0. 7 1. 7 1. 9 2. 0 2. 0 2. 1 2. 2 2. 3 2.4 2.5 9. 7 9. 7 9. 7 9. 7 9. 7 9. 7 9. 7 9. 7 9. 7 9.7 9.7 0. 4 0. 8 0. 9 1. 0 1. 0 1. 0 1. 0 1.0 1.0 13 . 0 8. 9 1. 1 7. 1 8. 6 9. 3 11 . 2 8. 7 5. 1 7.9 6.7 0. 7 5. 1 1. 7 2. 3 0. 4 1. 0 4. 4 1.3 $0$5 $1 0 $1 5 $2 0 $2 5 $3 0 $3 5 $4 0 $4 5 $5 0 20 1 6 / 1 7 2 0 1 7 / 1 8 2 0 1 8 / 1 9 2 0 1 9 / 2 0 2 0 2 0 / 2 1 2 0 2 1 / 2 2 2 0 2 2 / 2 3 2 0 2 3 / 2 4 2 0 2 4 / 2 5 2 0 2 5 / 2 6 2 0 2 6 / 2 7 A n n u a l E x p e n s e s ( $ M i l l i o n s ) N B W R A P r o j e c t s P a y ‐ G o C a p i t a l N e w D e b t O u t s t a n d i n g D e b t A d d l M a i n t / B 2 B / P v m t M g m t W a s t e w a t e r T r e a t m e n t S e w e r O p e r a t i n g C o s t s P r o j e c t e d R e v e n u e s Ci t y o f P e t a l u m a Se w e r P r o j e c t e d R e v e n u e s & E x p e n s e s , F u l l C I P No t e : 2 0 1 5 / 1 6 R e v e n u e s i n c l u d e a l m o s t $ 3 m i l l i o n o f o n e ‐ t i m e c a p ac i t y c h a r g e r e v e n u e s f r o m n e w d e v e l o p m e n t . SE W E R 73 P r i o r C u r r e n t 1 2 3 4 5 6 7 8 9 1 0 20 1 5 / 1 6 2 0 1 6 / 1 7 2 0 1 7 / 1 8 2 0 1 8 / 1 9 2 0 1 9 / 2 0 2 0 2 0 / 2 1 2 0 2 1 / 2 2 2 0 2 2 / 2 3 2 0 2 3 / 2 4 2 0 2 4 / 2 5 2 0 2 5 / 2 6 2 0 2 6 / 2 7 Ra t e A d j u s t m e n t E f f e c t i v e Ju l y 1 Ju l y 1 Ju l y 1 Ju l y 1 Ju l y 1 Ju l y 1 Ju l y 1 July 1 July 1 July 1 C P I A d j u s t m e n t 2. 6 % 0. 0 % 3. 0 % 2. 0 % 2 .0 % 2. 0 % 2. 0 % 2. 0 % 0. 0 % 0.0%0.0%0.0 % C i t y R a t e I n c r e a s e 1. 5 % 0. 0 % 2. 5 % 2. 5 % 2. 5 % 2. 5 % 2. 5 % 2. 0 % 0. 0 % 0.0%0.0%0.0% T o t a l O v e r a l l R a t e I n c r e a s e 4. 1 % 0. 0 % 5. 5 % 4. 5 % 4. 5 % 4. 5 % 4. 5 % 4. 0 % 0. 0% 0.0%0.0%0.0% Se w e r C a p a c i t y F e e $7 , 5 5 4 $ 7 , 7 0 5 $ 7 , 8 5 9 $ 8 , 0 1 6 $ 8 , 1 7 6 $ 8 , 3 4 0 $ 8 , 5 0 7 $ 8 , 6 7 7 $ 8 , 8 5 1 $ 9 , 0 2 8 $ 9 , 2 0 9 $ 9 , 3 9 3 G r o w t h (E D U s ) 5 05 05 05 05 05 05 05 05 05 05 0 Gr o w t h i n A c c t s 0. 2 7 % 0 . 2 7 % 0 . 2 7 % 0 . 26 % 0 . 2 6 % 0 . 2 6 % 0 . 2 6 % 0 . 2 6 % 0 . 2 6 % 0 . 2 6% 0.26% Ch a n g e i n B i l l e d U s e ‐4 . 0 % 2. 0 % 2. 0 % 2. 0 % 0. 0 % 0. 0 % 0. 0 % 0. 0 % 0.0%0.0%0.0% Co s t E s c a l a t i o n ‐ ‐ 4. 0 % 4. 0 % 4. 0 %4 .0 %4 .0 %4 .0 %4 .0 %4 .0 %4 .0 %4 .0 % In t e r e s t E a r n i n g s R a t e ‐ 0. 5 % 0. 5 % 0. 5 % 0. 5 % 1. 0 % 1. 0 % 1. 0 % 1. 0 % 1.0%1.0 %1 .0 % Be g i n n i n g F u n d R e s e r v e s $3 3 , 1 4 0 , 0 0 0 $ 3 6 , 9 2 7 , 0 0 0 $ 2 5 , 3 2 9 , 0 0 0 $ 2 5 , 9 2 8 , 0 0 0 $ 2 1 , 1 7 2 , 0 0 0 $ 1 7 , 0 1 8 , 0 0 0 $ 1 5 , 0 3 5 , 0 0 0 $ 1 6 , 6 3 7 , 0 0 0 $ 1 9 , 0 2 0 , 0 0 0 $ 1 8 , 9 4 8 , 0 0 0 $ 1 9 , 2 2 8 , 0 0 0 $ 1 7 , 8 1 5 , 0 0 0 RE V E N U E S Se w e r S e r v i c e C h a r g e s 24 , 1 2 2 , 0 0 0 2 3 , 8 6 5 , 0 0 0 2 5 , 5 6 8 , 0 0 0 2 7 , 1 3 5 , 0 0 0 2 8 , 7 9 9 , 0 0 0 3 0 , 1 1 5 , 0 0 0 3 1 , 4 9 1 , 0 0 0 3 2 , 7 7 2 , 0 0 0 3 2 , 7 9 3 , 0 0 0 3 2 , 8 1 5 , 0 0 0 3 2 , 8 3 6 , 0 0 0 3 2 , 8 5 7 , 0 0 0 Re c l a i m e d W a t e r 26 8 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 3 0 0 , 0 0 0 In t e r e s t E a r n i n g s 12 2 , 0 0 0 1 8 5 , 0 0 0 1 2 7 , 0 0 0 1 3 0 , 0 0 0 1 0 6 , 0 0 0 1 7 0 , 0 0 0 1 5 0 , 0 0 0 1 6 6 , 0 0 0 1 9 0 , 0 0 0 1 8 9 , 0 0 0 1 9 2 , 0 0 0 1 7 8 , 0 0 0 Co n n e c t i o n F e e s / C a p a c i t y C h a r g e s 2, 9 8 9 , 0 0 0 3 8 5 , 0 0 0 3 9 3 , 0 0 0 4 0 1 , 0 0 0 4 0 9 , 0 0 0 4 1 7 , 0 0 0 4 2 5 , 0 0 0 4 3 4 , 0 0 0 4 4 3 , 0 0 0 4 5 1 , 0 0 0 4 6 0 , 0 0 0 4 7 0 , 0 0 0 Bi o s o l i d s t o B i o g a s ( B 2 B ) R e v e n u e s 0 0 0 4 8 0 , 0 0 0 1 , 0 3 0 , 0 0 0 1 , 0 4 9 , 0 0 0 1 ,1 1 8 , 0 0 0 1 , 1 3 9 , 0 0 0 1 , 1 6 1 , 0 0 0 1 , 2 3 3 , 0 0 0 1 , 2 5 8 , 0 0 0 1 , 2 8 3 , 0 0 0 In t e r f u n d L o a n P y m t s (f r o m P o l i c e / F i r e ) 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0 3 9 8 , 0 0 0000 Ot h e r / M i s c e l l a n e o u s 1 9 3 , 0 0 0 1 7 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0, 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 1 0 0 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ To t a l R e v e n u e s 2 7 , 6 9 4 , 0 0 0 2 5 , 3 0 3 , 0 0 0 2 6 , 8 8 6 , 0 0 0 2 8 , 9 4 4 , 0 0 0 3 1 , 1 4 2 , 0 0 0 3 2 , 5 4 9 , 0 0 0 3 3 , 9 8 2 , 0 0 0 3 5 , 3 0 9 , 0 0 0 3 5 , 3 8 5 , 0 0 0 3 5 , 0 8 8 , 0 0 0 3 5 , 1 4 6 , 0 0 0 3 5 , 1 8 8 , 0 0 0 Ne w D e b t P r o c e e d s 5,000,000 EX P E N S E S Op e r a t i n g & M a i n t e n a n c e Ad m i n i s t r a t i o n 1, 6 3 4 , 0 0 0 1 , 8 8 5 , 0 0 0 1 , 9 6 0 , 0 0 0 2 , 0 3 8 , 0 0 0 2 , 1 2 0 , 0 0 0 2 , 2 0 5, 0 0 0 2 , 2 9 3 , 0 0 0 2 , 3 8 5 , 0 0 0 2 , 4 8 0 , 0 0 0 2 , 5 7 9 , 0 0 0 2 , 6 8 2 , 0 0 0 2 , 7 8 9 , 0 0 0 Co l l e c t i o n S y s t e m 97 4 , 0 0 0 1 , 0 8 5 , 0 0 0 1 , 1 2 8 , 0 0 0 1 , 1 7 3 , 0 0 0 1 , 2 2 0 , 0 0 0 1 , 2 6 9 , 0 0 0 1 , 3 2 0 , 0 0 0 1 , 3 7 3 , 0 0 0 1 , 4 2 8 , 0 0 0 1 , 4 8 5 , 0 0 0 1 , 5 4 4 , 0 0 0 1 , 6 0 6 , 0 0 0 Se w a g e P u m p S t a t i o n s 35 3 , 0 0 0 5 4 2 , 0 0 0 5 6 4 , 0 0 0 5 8 7 , 0 0 0 6 1 0 , 0 0 0 6 3 4 , 0 0 0 6 59 , 0 0 0 6 8 5 , 0 0 0 7 1 2 , 0 0 0 7 4 0 , 0 0 0 7 7 0 , 0 0 0 8 0 1 , 0 0 0 Cu s t o m e r S e r v i c e 10 2 , 0 0 0 1 1 3 , 0 0 0 1 1 8 , 0 0 0 1 2 3 , 0 0 0 1 2 8 , 0 0 0 1 3 3 , 0 0 0 1 3 8 , 0 0 0 1 4 4 , 0 0 0 1 5 0 , 0 0 0 1 5 6 , 0 0 0 1 6 2 , 0 0 0 1 6 8 , 0 0 0 In d u s t r i a l 36 3 , 0 0 0 4 9 3 , 0 0 0 5 1 3 , 0 0 0 5 3 4 , 0 0 0 5 5 5 , 0 0 0 5 7 7 , 0 0 0 6 0 0 , 0 0 0 6 2 4 , 00 0 6 4 9 , 0 0 0 6 7 5 , 0 0 0 7 0 2 , 0 0 0 7 3 0 , 0 0 0 Re c l a m a t i o n 87 5 , 0 0 0 1 , 2 9 0 , 0 0 0 1 , 3 4 2 , 0 0 0 9 2 7 , 0 0 0 9 6 4 , 0 0 0 1 , 0 0 3 , 0 0 0 1 , 0 4 3 , 0 0 0 1 , 0 8 5 , 0 0 0 1 , 1 2 8 , 0 0 0 1 , 1 7 3 , 0 0 0 1 , 2 2 0 , 0 0 0 1 , 2 6 9 , 0 0 0 St o r m D r a i n 26 8 , 0 0 0 2 0 6 , 0 0 0 2 1 4 , 0 0 0 2 2 3 , 0 0 0 2 3 2 , 0 0 0 2 4 1 , 0 0 0 2 5 1 , 0 0 0 2 6 1 ,0 0 0 2 7 1 , 0 0 0 2 8 2 , 0 0 0 2 9 3 , 0 0 0 3 0 5 , 0 0 0 El l i s C r e e k O p e r a t i on s 3, 4 3 1 , 0 0 0 3 , 8 8 1 , 0 0 0 4 , 0 3 6 , 0 0 0 4, 1 9 7 , 0 0 0 4 , 3 6 5 ,0 0 0 4 , 5 4 0 , 0 0 0 4 , 7 2 2 , 0 0 0 4 , 9 1 1 , 0 0 0 5 , 1 0 7 , 0 0 0 5 , 3 1 1 , 0 0 0 5 , 5 2 3 , 0 0 0 5 , 7 4 4 , 0 0 0 WW T P E l e c t r i c i t y / N a t u r a l G a s 1, 1 2 7 , 0 0 0 1 , 4 2 1 , 0 0 0 1 , 4 7 8 , 0 0 0 1 , 5 3 7 , 0 0 0 1 , 5 9 8 , 0 0 0 1 , 6 6 2 , 0 0 0 1 , 7 2 8 , 0 0 0 1 , 7 9 7 , 0 0 0 1 , 8 6 9 , 0 0 0 1 , 9 4 4 , 0 0 0 2 , 0 2 2 , 0 0 0 2 , 1 0 3 , 0 0 0 Su p p l e m e n t a l M a i n t e n a n c e 0 1 5 0 , 0 0 0 4 2 5 , 0 0 0 6 0 0 , 0 0 0 7 7 0 , 0 0 0 8 0 5 , 0 0 0 8 3 7 ,0 0 0 8 7 0 , 0 0 0 9 0 5 , 0 0 0 9 4 1 , 0 0 0 9 7 9 , 0 0 0 1 , 0 1 8 , 0 0 0 Bi o s o l i d s t o B i o g a s ( B 2 B ) E x p e n s e s 0 0 0 7 5 0 , 0 0 0 7 8 0 , 0 0 0 8 1 1 , 0 0 0 8 4 3 , 0 00 8 7 7 , 0 0 0 9 1 2 , 0 0 0 9 4 8 , 0 0 0 9 8 6 , 0 0 0 1 , 0 2 5 , 0 0 0 Pa v e m e n t M a n a g e m e n t P r o g r a m 0 0 3 1 5 , 0 0 0 3 2 8 , 0 0 0 3 4 1 , 0 0 0 3 5 5 , 0 0 0 3 6 9 , 0 0 0 3 8 4 , 0 0 0 3 9 9 , 0 0 0 4 1 5 , 0 0 0 4 3 2 , 0 0 0 4 4 9 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 9 , 1 2 7 , 0 0 0 1 1 , 06 6 , 0 0 0 1 2 , 09 3 , 0 0 0 1 3 , 01 7 , 0 0 0 1 3 , 68 3 , 0 0 0 1 4 , 2 3 5 , 0 0 0 1 4 , 8 0 3 , 0 0 0 1 5 , 3 9 6 , 0 0 0 1 6 , 01 0 , 0 0 0 1 6 , 6 4 9 , 0 0 0 1 7 , 315,000 18,007,000 De b t S e r v i c e 20 0 5 S R F L o a n ( t h r o u g h F Y 2 0 2 9 ) 8, 4 7 6 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 36 5 , 0 0 0 8 , 36 5 , 0 0 0 8 , 36 5 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 36 5 , 0 0 0 8 , 3 6 5 , 0 0 0 8 , 365,000 8,365,000 20 1 1 W W R e f i B o n d s (i n c . t o $ 4 M i n 2 0 3 0 ) 1, 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 3 0 5 , 0 0 0 N e w D e b t S e r v i c e 00 0 0 0 0 0 0 0 1 8 8 ,0 0 0 375,000 375,000 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 9 , 7 8 1 , 0 0 0 9 , 6 7 0 , 0 0 0 9 , 6 7 0 , 0 0 0 9 , 6 7 0 , 0 0 0 9 , 6 7 0 , 0 0 0 9 , 6 7 0 , 0 0 0 9 , 6 7 0 , 0 0 0 9 , 6 7 0 , 0 0 0 9 , 6 7 0 , 0 0 0 9 , 8 5 8 , 0 0 0 1 0 , 0 4 5 , 0 0 0 1 0 , 0 4 5 , 0 0 0 Ca p i t a l I m p r o v e m e n t s Wa s t e w a t e r C I P P r o j e c t s ( n e t ) 3, 9 9 0 , 0 0 0 1 2 , 6 7 6 , 0 0 0 4 , 5 2 4 , 0 0 0 1 1 , 0 1 3 , 0 0 0 1 0 , 6 4 5 , 0 0 0 6 , 9 6 9 , 0 0 0 7 , 5 2 4 , 0 0 0 7 , 8 6 0 , 0 0 0 8 , 7 3 2 , 0 0 0 8 , 8 6 7 , 0 0 0 7 , 8 9 4 , 0 0 0 6 , 7 2 0 , 0 0 0 R e c y c l e d W a t e r C I P , W a s t e w a t e r 0 0 0 0 0 8 4 4 ,0 0 00 0 1 ,04 5 , 0 0 0000 Re c y c l e d W a t e r C I P , N B W R A ( n e t ) 0 4 6 4 , 0 0 0 0 0 1 , 2 9 8 , 0 0 0 2 , 8 1 4 , 0 0 0 3 8 3 , 00 0 0 0 4 , 4 3 4 , 0 0 0 1 , 3 0 5 , 0 0 0 1 , 2 1 0 , 0 0 0 ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ___ _ _ _ _ _ _ _ ______________________________ S u b t o t a l 3 , 9 9 0 , 0 0 0 1 3 , 1 4 0 , 0 0 0 4 , 5 2 4 , 0 0 0 1 1 , 0 1 3 , 0 0 0 1 1 , 9 4 3 , 0 0 0 1 0 , 6 2 7 , 0 0 0 7 , 9 0 7 , 0 0 0 7 , 8 6 0 , 0 0 0 9 , 7 7 7 , 0 0 0 1 3 , 3 0 1 , 0 0 0 9 , 1 9 9 , 0 0 0 7 , 9 3 0 , 0 0 0 To t a l E x p e n s e s 2 2 , 8 9 8 , 0 0 0 3 3 , 8 7 6 , 0 0 0 2 6 , 2 8 7 , 0 0 0 3 3 , 7 0 0 , 0 0 0 3 5 , 2 9 6 , 0 0 0 3 4 , 5 3 2 , 0 0 0 3 2 , 3 8 0 , 0 0 0 3 2 , 9 2 6 , 0 0 0 3 5 , 4 5 7 , 0 0 0 3 9 , 8 0 8 , 0 0 0 3 6 , 5 5 9 , 0 0 0 3 5 , 9 8 2 , 0 0 0 Tr a n s f e r s / A d j s & L o a n t o P u b S a f e t y 1 , 0 0 9 , 0 0 0 3 , 0 2 5 , 0 0 0 00 0 0 0 0 0 0 0 0 Re v e n u e s L e s s E x p e n s e s 3, 7 8 7 , 0 0 0 ( 1 1 , 5 9 8 , 0 0 0 ) 5 9 9 , 0 0 0 ( 4 , 7 5 6 , 0 0 0 ) ( 4 , 1 5 4 , 0 0 0 ) ( 1 , 9 8 3 , 0 0 0 ) 1 , 6 0 2 , 0 0 0 2 , 3 8 3 , 0 0 0 ( 7 2 , 0 0 0 ) 2 8 0 , 0 0 0 ( 1 , 4 1 3 , 0 0 0 ) ( 7 9 4 , 0 0 0 ) En d i n g F u n d R e s e r v e s 36 , 9 2 7 , 0 0 0 2 5 , 3 2 9 , 0 0 0 2 5 , 9 2 8 , 0 0 0 2 1 , 1 7 2 , 0 0 0 1 7 , 0 1 8 , 0 0 0 1 5 , 0 3 5 , 0 0 0 1 6 , 6 3 7 , 0 0 0 1 9 , 0 2 0 , 0 0 0 1 8 , 9 4 8 , 0 0 0 1 9 , 2 2 8 , 0 0 0 1 7 , 8 1 5 , 0 0 0 1 7 , 0 2 1 , 0 0 0 Mi n R s r v T a r g e t : 25 % O & M + $ 8 M C I P + $ 3 . 5 M R a 13 , 7 8 0 , 0 0 0 1 4 , 2 7 0 , 0 0 0 1 4 , 5 2 0 , 0 0 0 1 4 , 7 5 0 , 0 0 0 1 4 , 9 2 0 , 0 0 0 1 5 , 0 6 0 , 0 0 0 1 5 , 2 0 0 , 0 0 0 1 5 , 3 5 0 , 0 0 0 1 5 , 5 0 0 , 0 0 0 1 5 , 6 6 0 , 0 0 0 1 5 , 8 3 0 , 0 0 0 1 6 , 0 0 0 , 0 0 0 De b t S e r v i c e C o v e r a g e 1 . 9 0 1 . 4 7 1 . 5 31 . 6 5 1 . 8 1 1 . 8 9 1 . 9 8 2 . 0 6 2 . 0 0 1 . 8 7 1 . 78 1.71 Pa y ‐ G o F u n d i n g G e n e r a t e d f o r C I P 8, 7 8 6 , 0 0 0 4, 5 6 7 , 0 0 0 5, 1 2 3 , 0 0 0 6, 25 7 , 0 0 0 7, 78 9 , 0 0 0 8, 6 4 4 , 0 0 0 9, 50 9 , 0 0 0 10 , 2 4 3 , 0 0 0 9, 7 0 5 , 0 0 0 8,581,000 7,786,000 7,136,000 Ta b l e 8 A ‐ P e t a l u m a W a s t e w a t e r C a sh F l o w P r o j e c t i o n s , R e d u c e d C IP Working Draft 18 m o s : SE W E R 74 $ Q Q X D O ( [ S H Q V H V 0 L O O L R Q V E t Z W ƌ Ž ũ Ğ Đ ƚ Ɛ W Ă Ǉ Ͳ ' Ž Ă Ɖ ŝ ƚ Ă ů E Ğ ǁ Ğ ď ƚ K Ƶ ƚ Ɛ ƚ Ă Ŷ Ě ŝ Ŷ Ő Ğ ď ƚ Ě Ě ů D Ă ŝ Ŷ ƚ ͬ Ϯ ͬ W ǀ ŵ ƚ D Ő ŵ ƚ t Ă Ɛ ƚ Ğ ǁ Ă ƚ Ğ ƌ d ƌ Ğ Ă ƚ ŵ Ğ Ŷ ƚ ^ Ğ ǁ Ğ ƌ K Ɖ Ğ ƌ Ă ƚ ŝ Ŷ Ő Ž Ɛ ƚ Ɛ W ƌ Ž ũ Ğ Đ ƚ Ğ Ě Z Ğ ǀ Ğ Ŷ Ƶ Ğ Ɛ &L W \ R I 3 H W D O X P D 6H Z H U 3 U R M H F W H G 5 H Y H Q X H V ( [ S H Q V H V 5 H G X F H G & , 3 EŽ ƚ Ğ ͗ Ϯ Ϭ ϭ ϱ ͬ ϭ ϲ Z Ğ ǀ Ğ Ŷ Ƶ Ğ Ɛ ŝ Ŷ Đ ů Ƶ Ě Ğ Ă ů ŵ Ž Ɛ ƚ Ψ ϯ ŵ ŝ ů ů ŝ Ž Ŷ Ž Ĩ Ž Ŷ Ğ Ͳ ƚ ŝ ŵ Ğ Đ Ă Ɖ ĂĐ ŝ ƚ Ǉ Đ Ś Ă ƌ Ő Ğ ƌ Ğ ǀ Ğ Ŷ Ƶ Ğ Ɛ Ĩ ƌ Ž ŵ Ŷ Ğ ǁ Ě Ğ ǀ Ğ ů Ž Ɖ ŵ Ğ Ŷ ƚ ͘ 68 Ta b l e 2 7 Wi t h P r o j e c t e d I n f l a t i o n & S CW A W h o l e s a l e R a t e I n c r e a s e s Ci t y o f P e t a l u m a Pr o j e c t e d W a t e r R a t e s Cu r r e n t Wa t e r Ju l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 Ra t e s 20 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1 FI X E D M O N T H L Y C H A R G E Me t e r R a t i o Mu l t i ‐ F a m i l y : P e r D w e l l i n g U n i t ‐ 0. 6 0 $ 6 . 0 7 $ 7 . 7 0 $ 9 . 3 3 $ 1 0 . 9 6 $ 1 2 . 5 9 Al l O t h e r : P e r M e t e r S i z e 5/ 8 " & 3 / 4 " $7 . 3 9 1. 0 0 $1 0 . 1 1 $ 1 2 . 8 3 $ 1 5 . 5 5 $ 1 8 . 2 7 $ 2 0 . 9 8 1" R e s 10 . 7 5 1. 0 0 10 . 1 1 12 . 8 3 1 5 . 5 5 1 8 . 2 7 2 0 . 9 8 1" 10 . 7 5 1. 5 2 14 . 9 9 1 9 . 2 3 2 3 . 4 7 2 7 . 7 1 3 1 . 9 5 1‐ 1 / 2 " 19 . 1 1 2. 8 3 27 . 1 7 3 5 . 2 3 4 3 . 2 9 5 1 . 3 5 5 9 . 3 9 2" 29 . 2 0 4. 4 0 41 . 8 2 5 4 . 4 4 6 7 . 0 6 7 9 . 6 8 9 2 . 3 1 3" 52 . 7 2 8. 0 6 76 . 0 0 9 9 . 2 8 1 2 2 . 5 6 1 4 5 . 8 4 1 6 9 . 1 2 4" 86 . 3 3 13 . 2 9 12 4 . 8 3 1 6 3 . 3 3 2 0 1 . 8 3 2 4 0 . 3 3 2 7 8 . 8 5 6" 17 0 . 2 8 26 . 3 7 24 6 . 8 6 3 2 3 . 4 4 4 0 0 . 0 2 4 7 6 . 6 0 5 5 3 . 1 9 WA T E R C O N S U M P T I O N C H A R G E S Si n g l e F a m i l y R e s i d e n t i a l Re v i s e d T i e r s 0 ‐ 4 h c f $3 . 5 2 $ 3 . 7 4 $ 3 . 9 6 $ 4 . 1 8 $ 4 . 4 1 5 ‐ 8 h c f 3 . 9 5 4 . 2 2 4 . 4 9 4 . 7 6 5 . 0 4 Ti e r 2 9 ‐ 1 6 h c f 4. 2 0 9 ‐ 1 6 h c f 4. 5 0 4 . 8 0 5 . 1 0 5 . 4 0 5 . 6 8 Ti e r 3 1 7 ‐ 2 4 h c f 5. 2 4 17 + h cf 5. 3 5 5 . 6 9 6 . 0 3 6 . 3 7 6 . 7 0 Ti e r 4 2 5 + h c f 6. 8 2 Co m m e r c i a l / M u l t i ‐ F a m i l y / O t h e r Al l W a t e r U s e 3. 9 1 $3 . 9 5 $ 4 . 2 2 $ 4 . 4 9 $ 4 . 7 6 $ 5 . 0 4 Ir r i g a t i o n ( A l l U s e ) 3. 9 1 $3 . 9 5 $ 4 . 2 2 $ 4 . 4 9 $ 4 . 7 6 $ 5 . 0 4 Pr o p o s e d R a t e s Ti e r 1 0 ‐ 8 h c f $3 . 5 2 5‐ Y e a r P h a s e ‐ I n AT T A C H M E N T 3 - Pr o p o s e d Ra t e St r u c t u r e s Ta b l e 2 9 Pr o p o s e d B a s e R a t e s Ci t y o f P e t a l u m a Ex c l u d e s A n n u a l P a s s T h r o u g h s f o r C P I I n f l a t i o n & S C W A W h o l e s a l e R a t e s Pr o p o s e d B a s e R a t e s Ba s e R a t e s t o b e A d j u s t e d b y 1 ) Co m p o u n d e d I n f l a t i o n % a n d t h e n 2 ) A d d i n g T o t a l W h o l e s a l e R a t e I n c r e a s e Cu r r e n t Wa t e r J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 Ra t e s 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1 Wa t e r R a t e C P I A d j u s t m e n t s CP I A d j u s t m e n t 2. 0 0 % 2 . 0 0 % 2 . 0 0 % 2 . 0 0 % Co m p o u n d e d I n f l a t i o n A d j u s t m e n t 2 . 0 0 % 4 . 0 4 % 6 . 1 2 % 8 . 2 4 % As s u m e d S C W A W h o l e s a l e R a t e I n c r e a s e s SC W A W h o l e s a l e R a t e P r o j e c t i o n $ 1 . 8 5 $ 1 . 9 6 $ 2 . 0 8 $ 2 . 2 0 $ 2 . 3 4 $ 2 . 4 8 An n u a l I n c r e a s e 0. 1 2 0. 1 2 0. 1 3 0. 1 4 Wh o l e s a l e R a t e I n c r e a s e f r o m B a s e R a t e s 0. 1 2 0 . 2 4 0 . 3 7 0 . 5 1 FI X E D M O N T H L Y C H A R G E Me t e r S i z e Me t e r R a t i o Si n g l e F a m i l y : U p t o 1 " $7 . 3 9 1. 0 0 $1 0 . 1 1 $ 1 2 . 5 8 $ 1 4 . 9 5 $ 1 7 . 2 2 $ 1 9 . 3 8 Mu l t i ‐ F a m i l y : P e r D w e l l i n g U n it 0. 6 0 6. 0 7 7 . 5 5 8 . 9 7 1 0 . 3 3 1 1 . 6 3 Al l O t h e r 5/ 8 " & 3 / 4 " 7. 3 9 1. 0 0 $1 0 . 1 1 $ 1 2 . 5 8 $ 1 4 . 9 5 $ 1 7 . 2 2 $ 1 9 . 3 8 1" 10 . 7 5 1. 5 2 14 . 9 9 1 8 . 8 5 2 2 . 5 6 2 6 . 1 1 2 9 . 5 2 1‐ 1 / 2 " 19 . 1 1 2. 8 3 27 . 1 7 3 4 . 5 4 4 1 . 6 1 4 8 . 3 9 5 4 . 8 7 2" 29 . 2 0 4. 4 0 41 . 8 2 5 3 . 3 7 6 4 . 4 6 7 5 . 0 8 8 5 . 2 8 3" 52 . 7 2 8. 0 6 76 . 0 0 9 7 . 3 3 1 1 7 . 8 0 1 3 7 . 4 3 1 5 6 . 2 4 4" 86 . 3 3 13 . 2 9 12 4 . 8 3 1 6 0 . 1 3 1 9 3 . 9 9 2 2 6 . 4 7 2 5 7 . 6 1 6" 17 0 . 2 8 26 . 3 7 24 6 . 8 6 3 1 7 . 1 0 3 8 4 . 4 9 4 4 9 . 1 1 5 1 1 . 0 6 WA T E R C O N S U M P T I O N C H A R G E S Si n g l e F a m i l y R e s i d e n t i a l Re v i s e d T i e r s 0 ‐ 4 h c f $3 . 5 2 $ 3 . 5 4 $ 3 . 5 6 $ 3 . 5 8 $ 3 . 6 2 5 ‐ 8 h c f 3. 9 5 4 . 0 2 4 . 0 8 4 . 1 3 4 . 1 8 Ti e r 2 9 ‐ 1 6 h c f 4. 2 0 9 ‐ 1 6 h c f 4. 5 0 4 . 5 9 4 . 6 7 4 . 7 4 4 . 7 9 Ti e r 3 1 7 ‐ 2 4 h c f 5. 2 4 17 + h c f 5. 3 5 5 . 4 6 5 . 5 6 5 . 6 5 5 . 7 1 Ti e r 4 2 5 + h c f 6. 8 2 Co m m e r c i a l / M u l t i ‐ F a m i l y / O t h e r Al l W a t e r U s e $3 . 9 1 $3 . 9 5 $ 4 . 0 2 $ 4 . 0 8 $ 4 . 1 3 $ 4 . 1 8 Ir r i g a t i o n ( A l l U s e ) $3 . 9 1 $3 . 9 5 $ 4 . 0 2 $ 4 . 0 8 $ 4 . 1 3 $ 4 . 1 8 Pr o p o s e d R a t e s Ti e r 1 0 ‐ 8 h c f $3 . 5 2 WA T E R 56 Table 20City of Petaluma With CPI Inflation AdjustmentProjected Wastewater Rates Current July 1 July 1 July 1 July 1 July 1Rates 2017 2018 2019 2020 2021FIXED MONTHLY CHARGEResidential Fixed monthly charge per dwelling unit Single Family Residential $20.13 $24.57 $29.01 $33.45 $37.89 $42.32 Multi‐Unit Residential 17.54 20.88 24.66 28.43 32.21 35.97 Unmetered Residential (assumes 7 hcf)93.40 88.55 92.99 97.43 101.87 106.30 Non‐Residential Fixed monthly charge per meter size Up to 3/4" Meter $20.13 $24.57 $29.01 $33.45 $37.89 $42.32 1" Meter 30.38 38.03 45.68 53.33 60.98 68.63 1‐1/2" Meter 55.79 71.51 87.23 102.95 118.67 134.39 2" Meter 86.41 111.79 137.17 162.55 187.93 213.31 3" Meter 157.88 205.80 253.72 301.64 349.56 397.46 4" Meter 259.96 340.07 420.19 500.31 580.43 660.53 6" Meter 514.94 675.59 836.24 996.89 1,157.54 1,318.19 Metered Industrial Fixed monthly charge per meter size 2" Ultrasonic Meter $234.40 $306.47 $378.54 $450.61 $522.68 $594.76 10" Ultrasonic Meter 514.98 675.62 836.26 996.90 1,157.54 1,318.19 2" Magnetic Meter 157.88 205.80 253.72 301.64 349.56 397.46 3" Magnetic Meter 336.43 443.34 550.25 657.16 764.07 870.98 4" Magnetic Meter 541.98 710.38 878.78 1,047.18 1,215.58 1,383.96 6" Magnetic Meter 1,280.29 1,577.24 1,874.20 2,171.16 2,468.12 2,765.06 COMMODITY CHARGE Rate per hundred cubic feet of metered water use ($/hcf) Residential Based on a) average of 4 months of metered winter water use or b) actual water use* Single Family Residential $9.14 $9.14 $9.14 $9.14 $9.14 $9.14 Multi‐Unit Residential 9.14 9.14 9.14 9.14 9.14 9.14 Commercial Based on metered water use Low Strength 8.95 8.92 8.89 8.86 8.83 8.79 Medium Strength 10.97 11.14 11.32 11.50 11.68 11.84 High Strength 14.28 14.60 14.93 15.26 15.59 15.90 Metered Industrial Users (Based on sampling data for each customer) Flow ($/hcf)7.12 6.98 6.84 6.70 6.56 6.41 BOD ($/lb)0.68 0.76 0.84 0.92 1.00 1.07 SS ($/lb)0.79 0.85 0.91 0.97 1.03 1.10 * Winter baseline usage currently based on 2 lowest use months from January through April. Sewer rates currently increase annually by CPI‐U (San Francisco Area) + 1.5% Proposed Rates SEWER 88 Table 20BCity of Petaluma BASE RATES WITHOUT COST INFLATIONProjected Wastewater Rates Current July 1 July 1 July 1 July 1 July 1Rates 2017 2018 2019 2020 2021Water Rate CPI AdjustmentsCPI Adjustment 2.00% 2.00% 2.00% 2.00%Compounded Inflation Adjustment 2.00% 4.04% 6.12% 8.24% FIXED MONTHLY CHARGE Residential Fixed monthly charge per dwelling unit Single Family Residential $20.13 $24.57 $28.44 $32.15 $35.70 $39.10 Multi‐Unit Residential 17.54 20.88 24.18 27.33 30.35 33.23 Unmetered Residential (assumes 7 hcf)93.40 88.55 91.17 93.65 95.99 98.14 Non‐Residential Fixed monthly charge per meter size Up to 3/4" Meter $20.13 $24.57 $28.44 $32.15 $35.70 $39.10 1" Meter 30.38 38.03 44.78 51.26 57.46 63.40 1‐1/2" Meter 55.79 71.51 85.52 98.95 111.83 124.16 2" Meter 86.41 111.79 134.48 156.24 177.09 197.07 3" Meter 157.88 205.80 248.75 289.93 329.40 367.19 4" Meter 259.96 340.07 411.95 480.88 546.95 610.23 6" Meter 514.94 675.59 819.84 958.18 1,090.78 1,217.80 Metered Industrial Fixed monthly charge per meter size 2" Ultrasonic Meter $234.40 $306.47 $371.12 $433.11 $492.53 $549.47 10" Ultrasonic Meter 514.98 675.62 819.86 958.19 1,090.78 1,217.80 2" Magnetic Meter 157.88 205.80 248.75 289.93 329.40 367.19 3" Magnetic Meter 336.43 443.34 539.46 631.64 720.00 804.65 4" Magnetic Meter 541.98 710.38 861.55 1,006.52 1,145.47 1,278.57 6" Magnetic Meter 1,280.29 1,577.24 1,837.45 2,086.85 2,325.76 2,554.49 COMMODITY CHARGE Rate per hundred cubic feet of metered water use ($/hcf) Residential Based on a) average of 4 months of metered winter water use or b) actual water use* Single Family Residential $9.14 $9.00 $8.96 $8.79 $8.61 $8.43 Multi‐Unit Residential 9.14 9.00 8.96 8.79 8.61 8.43 Commercial Based on metered water use Low Strength 8.95 8.78 8.72 8.52 8.32 8.12 Medium Strength 10.97 11.14 11.32 11.50 11.68 11.84 High Strength 14.28 14.60 14.93 15.26 15.59 15.90 Metered Industrial Users (Based on sampling data for each customer) Flow ($/hcf)7.12 6.88 6.71 6.44 6.18 5.92 BOD ($/lb)0.68 0.76 0.84 0.92 1.00 1.07 SS ($/lb)0.79 0.85 0.91 0.97 1.03 1.10 * Winter baseline usage currently based on 2 lowest use months from January through April. Sewer rates currently increase annually by CPI‐U (San Francisco Area) + 1.5% Proposed Rates SEWER 89 Table 31 City of Petaluma Single Family Residential (3/4" Meter) Bill Impacts Monthly % of % of Bills Current 5‐Year Use Bills at or Monthly July 1 July 1 July 1 July 1 July 1 Increase (hcf) in Block Below Bill 2017 2018 2019 2020 2021 per Bill 2015/16 0 1.8% 1.8% $7.39 $10.11 $12.83 $15.55 $18.27 $20.98 $13.59 1 4.4% 6.2% 10.91 13.63 16.57 19.51 22.45 25.39 14.48 2 8.5% 14.7% 14.43 17.15 20.31 23.47 26.63 29.80 15.37 3 11.2% 25.9% 17.95 20.67 24.05 27.43 30.81 34.21 16.26 4 12.0% 37.9% 21.47 24.19 27.79 31.39 34.99 38.62 17.15 5 11.5% 49.4% 24.99 28.14 32.01 35.88 39.75 43.66 18.67 6 9.8% 59.2% 28.51 32.09 36.23 40.37 44.51 48.70 20.19 7 8.1% 67.3% 32.03 36.04 40.45 44.86 49.27 53.74 21.71 8 6.5% 73.8% 35.55 39.99 44.67 49.35 54.03 58.78 23.23 9 5.1% 78.9% 39.75 44.49 49.47 54.45 59.43 64.46 24.71 10 4.1% 83.0% 43.95 48.99 54.27 59.55 64.83 70.14 26.19 11 3.2% 86.2% 48.15 53.49 59.07 64.65 70.23 75.82 27.67 12 2.6% 88.8% 52.35 57.99 63.87 69.75 75.63 81.50 29.15 13 2.0% 90.8% 56.55 62.49 68.67 74.85 81.03 87.18 30.63 14 1.7% 92.5% 60.75 66.99 73.47 79.95 86.43 92.86 32.11 15 1.3% 93.8% 64.95 71.49 78.27 85.05 91.83 98.54 33.59 16 1.1% 94.8% 69.15 75.99 83.07 90.15 97.23 104.22 35.07 17 0.8% 95.7% 74.39 81.34 88.76 96.18 103.60 110.92 36.53 18 0.7% 96.4% 79.63 86.69 94.45 102.21 109.97 117.62 37.99 19 0.6% 96.9% 84.87 92.04 100.14 108.24 116.34 124.32 39.45 20 0.5% 97.4% 90.11 97.39 105.83 114.27 122.71 131.02 40.91 21 0.4% 97.8% 95.35 102.74 111.52 120.30 129.08 137.72 42.37 22 0.3% 98.1% 100.59 108.09 117.21 126.33 135.45 144.42 43.83 23 0.3% 98.4% 105.83 113.44 122.90 132.36 141.82 151.12 45.29 24 0.2% 98.6% 111.07 118.79 128.59 138.39 148.19 157.82 46.75 25 0.2% 98.8% 117.89 124.14 134.28 144.42 154.56 164.52 46.63 26 0.2% 98.9% 124.71 129.49 139.97 150.45 160.93 171.22 46.51 27 0.1% 99.0% 131.53 134.84 145.66 156.48 167.30 177.92 46.39 28 0.1% 99.2% 138.35 140.19 151.35 162.51 173.67 184.62 46.27 29 0.1% 99.3% 145.17 145.54 157.04 168.54 180.04 191.32 46.15 30 0.1% 99.3% 151.99 150.89 162.73 174.57 186.41 198.02 46.03 Projected Monthly Bills Median Average Lowest 25% Top 10% ATTACHMENT 4 - Impact of Proposed Rate Structure within Key Customer Categories Ta b l e 3 2 Ci t y o f P e t a l u m a Wa t e r R a t e I m p a c t s Mo n t h l y C u r r e n t Cu s t o m e r Me t e r W a t e r U s e M o n t h l y J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 Cl a s s Si z e ( h c f ) B i l l 20 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1 SI N G L E F A M I L Y R E S I D E N C E Lo w 5/ 8 " o r 3 / 4 " 4 21 . 4 7 2 4 . 1 9 2 7 . 7 9 3 1 . 3 9 3 4 . 9 9 3 8 . 6 2 M o n t h l y I n c r e a s e 2. 7 23 .6 03 .6 03 .6 03 .6 3 Av e r a g e 5/ 8 " o r 3 / 4 " 7 3 2 . 0 3 3 6 . 0 4 4 0 . 4 5 4 4 . 8 6 4 9 . 2 7 5 3 . 7 4 M o n t h l y I n c r e a s e 4. 0 14 .4 14 .4 14 .4 14 .4 7 Mo d / H i g h 5/ 8 " o r 3 / 4 " 1 0 4 3 . 9 5 4 8 . 9 9 5 4 . 2 7 5 9 . 5 5 6 4 . 8 3 7 0 . 1 4 M o n t h l y I n c r e a s e 5. 0 45 .2 85 .2 85 .2 85 .3 1 MU L T I ‐ F A M I L Y A P A RT M E N T B U I L D I N G 20 U n i t A p a r t m e n t 2 " 80 3 4 2 . 0 0 4 3 7 . 4 0 4 9 1 . 6 0 5 4 5 . 8 0 6 0 0 . 0 0 6 5 5 . 0 0 P e r D w e l l i n g U n i t 4 17 . 1 0 2 1 . 8 7 2 4 . 5 8 2 7 . 2 9 3 0 . 0 0 3 2 . 7 5 M o n t h l y I n c r e a s e p e r U n it 4 . 7 7 2 . 7 1 2 . 7 1 2 . 7 1 2 . 7 5 CO M M E R C I A L Sm a l l B u s i n e s s 5 / 8 " o r 3 / 4 " 10 46 . 4 9 4 9 . 6 1 5 5 . 0 3 6 0 . 4 5 6 5 . 8 7 7 1 . 3 8 M o n t h l y I n c r e a s e 3. 1 25 .4 25 .4 25 .4 25 .5 1 Me d i u m B u s i n e s s 1 " 25 1 0 8 . 5 0 1 1 3 . 7 4 1 2 4 . 7 3 1 3 5 . 7 2 1 4 6 . 7 1 1 5 7 . 9 5 M o n t h l y I n c r e a s e 5. 2 4 1 0 . 9 9 1 0 . 9 9 1 0 . 9 9 1 1 . 2 4 IN D U S T R I A L La r g e I n d u s t r i a l 6" 5 , 0 0 0 1 9 , 7 2 0 . 28 1 9 , 9 9 6 . 8 6 2 1 , 4 2 3 . 4 4 2 2 , 8 5 0 . 0 2 2 4 , 2 76 . 6 0 2 5 , 7 5 3 . 1 9 M o n t h l y I n c r e a s e 27 6 . 5 8 1 , 42 6 . 5 8 1 , 4 2 6 . 5 8 1 , 4 2 6 . 5 8 1 , 4 7 6 . 5 9 Pr o j e c t e d M o n t h l y B i l l s WA T E R 59 26 . 8 7 29 . 1 9 31 . 3 8 32 . 9 5 34 . 3 6 35 . 1 8 36 . 8 1 38 . 0 5 33 . 8 4 32 . 0 3 36 . 0 4 40 . 4 5 44 . 8 6 49.2753.74 $0 $1 0 $2 0 $3 0 $4 0 $5 0 $6 0 $7 0 $8 0 20 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1 Av e r a g e S i n g l e F a m i l y M o n t h l y B i l l Wi t h w a t e r u s e d e c l i n i n g f r o m 9. 5 h c f t o 7 h c f o v e r t h e p a s t 2 y e a r s Hi s t o r i c a l & P r o j e c t e d M o n t h l y W a t e r C h a r g e s Wi t h 2 5 % c o n s e r v a t i o n o v e r p a s t 2 y e a r s & p r o j e c t e d r a t e i n c r e a s es 20 0 7 B i l l w i t h 5 . 1 % A v g . An n u a l I n c r e a s e Wi t h t h e f u l l p h a s e ‐ i n o f t h e p r o j e c t e d r a t e i n c r e a s e s , t h e a v e r ag e s i n g l e f a m i l y b i l l wi l l b e e q u i v a l e n t t o t h e 2 0 0 7 b i l l e s c a l a t e d a t t h e a n n u a l r a t e o f 5 . 1 % . WA T E R 60 Ta b l e 2 3 Ci t y o f P e t a l u m a Wa st e w a te r R a t e I m p a c t s Mo n t h l y C u r r e n t Cu s t o m e r Wi n t e r U s e M o n t h l y J u l y 1 J u l y 1 J u l y 1 J u l y 1 J u l y 1 Cl a s s (h c f ) B i l l 20 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1 SI N G L E F A M I L Y R E S I D E N C E Lo w 3 47 . 5 5 5 1 . 9 9 5 6 . 4 3 6 0 . 8 7 6 5 . 3 1 6 9 . 7 1 M o n t h l y I n c r e a s e 4. 4 4 4. 4 4 4. 4 4 4. 4 4 4.40 Av e r a g e 5 65 . 8 3 7 0 . 2 7 7 4 . 7 1 7 9 . 1 5 8 3 . 5 9 8 7 . 9 7 M o n t h l y I n c r e a s e 4. 4 4 4. 4 4 4. 4 4 4. 4 4 4.38 Mo d / H i g h 8 93 . 2 5 9 7 . 6 9 1 0 2 . 1 3 1 0 6 . 5 7 1 1 1 . 0 1 1 1 5 . 3 6 M o n t h l y I n c r e a s e 4. 4 4 4. 4 4 4. 4 4 4. 4 4 4.35 MU L T I ‐ F A M I L Y A P A R T M E N T B U I L D I N G 20 U n i t A p a r t m e n t 60 8 9 9 . 2 0 9 6 6 . 0 0 1 , 0 4 1 . 6 0 1 , 1 1 7 . 0 0 1 , 1 9 2 . 6 0 1 , 2 6 7 . 2 0 P e r D w e l l i n g U n i t 3 44 . 9 6 4 8 . 3 0 5 2 . 0 8 5 5 . 8 5 5 9 . 6 3 6 3 . 3 6 M o n t h l y I n c r e a s e p e r U n i t 3. 3 4 3. 7 8 3. 7 7 3. 7 8 3.73 CO M M E R C I A L Sm a l l B u s i n e s s , Lo w S t r e n g t h 5/ 8 " o r 3 / 4 " 1 0 1 0 9 . 6 3 1 1 3 . 7 7 1 1 7 . 9 1 1 2 2 . 0 5 1 2 6 . 1 9 1 3 0 . 2 2 M o n t h l y I n c r e a s e 4. 1 4 4. 1 4 4. 1 4 4. 1 4 4.03 Re s t a u r a n t , Hi g h S t r e n g t h 1" 25 3 8 7 . 3 8 4 0 3 . 0 3 4 1 8 . 9 3 4 3 4 . 8 3 4 5 0 . 7 3 4 6 6 . 1 3 M o n t h l y I n c r e a s e 15 . 6 5 1 5 . 9 0 1 5 . 9 0 1 5 . 9 0 1 5 . 4 0 IN D U S T R I A L La r g e I n d u s t r i a l 10 " U l t r a 5 , 0 0 0 5 9 , 0 4 2 . 3 4 60 , 6 8 6 . 5 4 6 2 , 3 3 0 . 7 3 6 3 , 9 7 4 . 9 3 6 5 , 6 1 9 . 1 3 6 7 , 3 2 8 . 7 5 B O D / S S 50 0 / 5 0 0 M o n t h l y I n c r e a s e 1, 6 4 4 . 2 0 1 , 6 4 4 . 2 0 1 , 6 4 4 . 2 0 1 , 6 4 4 . 2 0 1 , 7 0 9 . 6 2 Pr o j e c t e d M o n t h l y B i l l s SE W E R 92 42 . 0 1 47 . 4 5 53 . 6 4 60 . 6 1 66 . 0 5 67 . 7 2 70 . 6 1 73 . 1 2 69 . 8 3 65 . 8 3 70 . 2 7 74 . 7 1 79.1583.5987.97 $0 $2 0 $4 0 $6 0 $8 0 $1 0 0 $1 2 0 20 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1 Hi s t o r i c a l & P r o j e c t e d M o n t h ly R e s i d e n t i a l S e w e r C h a r g e s Wi t h 2 0 % ‐ 2 5 % c o n s e r v a t i o n o v e r p a s t 2 y e a r s Wi t h t h e f u l l p h a s e ‐ i n o f t h e p r o j e c t e d r a t e i n c r e a s e s , t h e a v e r ag e s i n g l e f a m i l y b i l l wi l l b e e q u i v a l e n t t o t h e 2 0 0 7 b i l l e s c a l a t e d a t t h e a n n u a l r a t e o f 5 . 4 % . Av e r a g e S i n g l e F a m i l y M o n t h l y B i l l Wi t h b i l l e d u s e d e c l i n i n g f r o m 6. 5 h c f t o 5 h c f o v e r t h e p a s t 2 y e a r s 20 0 7 B i l l w i t h 5 . 4 % A v g . An n u a l I n c r e a s e SE W E R 93