Large Users Meeting 2010 Large User True-Up Report Review of Changes Implemented
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Transcript of Large Users Meeting 2010 Large User True-Up Report Review of Changes Implemented
Large Users Meeting
2010 Large User
True-Up Report
Review of Changes Implemented
in This Year’s Report
Changes
Change to the FY 2010 Large User True-Up Report– Report will be updated to include the federal interest
subsidy for the 2010 Bonds received by the City in FY 2010.
Changes based on data corrections
Changes to ensure the report methodology matches the requirements set forth in the Large User Agreement
Changes Based on Data Corrections
Correction of capacity figures to match figures in Large User Agreements/Addendums
Correction of 2003 bond proceeds allocation to water and sewer based on actual use of proceeds
Correction of Capacity FiguresPrior reports listed Broward County capacity reservation as 4.20 MGD– Large User Agreement between Broward County and
the City of Hollywood calls for 5.3 MGD (Page 12).
Prior reports did not correctly reduce the reserved capacity for Miramar by 4.00 MGD as a result of the 4th Amendment to the Large User Agreement.– The resultant reserved capacity figures for Miramar,
Hollywood and Hallandale were adjusted.
Changes So Report Methodology Matches Large User Agreement
Inclusion of debt service coverage associated with outstanding bonds/loans per Article I.3. of the Large User Agreement.
Bond debt service allocated correctly based on the agreement – not based solely on flow
Inclusion of FFGFC Debt service instead of letting Large Users fund it through RR&I contributions
Removal of True Up calculations based on Actual Flow
Inclusion of Debt Service Coverage in Large User True-Up Report
Per the Large User Agreement, Large Users should pay their share of principal, interest and debt service coverage.
– Article I.3 defines Debt Service Charges for the Large Users as the:
“…applicable share of principal, interest, and coverage requirements…”.
Correct Allocation of Bond Debt Service
Bond debt service should be allocated correctly based on the agreement – not based solely on flow as has been done in the past.– Article IV.2.b of the Large User Agreement sets forth
the methodology based on the type of project:• Treatment
• Collection
• Improvement & upgrading
Inclusion of FFGFC Debt Service in True-Up Report
The Large User Agreement calls for all debt service to be included in the Large User True Up Report.– In the past, Large Users have paid the FFGFC debt
service through their RR&I contributions.
Removal of True Up Calculations Based on Actual Flow
4th Amendment to the Large User Agreement between Miramar and Hollywood called for Miramar to reduce their WWTP flow/capacity requirements– Hollywood and Hallandale agreed to absorb this
“diverted” capacity/flow such that no other Large User was financially impacted.
– True Up calculations are now based on “diverted” flow/capacity.
Questions
Correction for Broward Capacity
Correction for Diverted Capacity
Large Users
Original Allocation of 50 MGD
Plant Capacity
Correction for
Broward County
CapacityCorrected Capacity
Corrected Allocation of 50 MGD
Plant Capacity
Adjustment for Diverted
Capacity from
Miramar
Adjusted Allocation of 50 MGD
Plant Capacity
Broward County 4.200 1.100 5.300 5.300 5.300
City of Dania 4.700 4.700 4.700 4.700
City of Hallandale 6.650 6.650 6.650 1.200 7.850
City of Miramar 5.500 5.500 5.500 -4.000 1.500
Town of Pembroke Park 1.000 1.000 1.000 1.000
City of Pembroke Pines 10.000 10.000 10.000 10.000
City of Hollywood 17.950 (1.100) 16.850 16.850 2.800 19.650
Total
50.000
50.000
50.000
50.000
Large Users
Diverted Capacity – 2009 Large User True
Up Report
Diverted Capacity – 2010 Large User True
Up Report Difference
Broward County 4.200 5.300 1.100
City of Dania 4.700 4.700 0.000
City of Hallandale 7.850 7.850 0.000
City of Miramar 3.500 1.500 -2.000
Town of Pembroke Park 1.000 1.000 0.000
City of Pembroke Pines 10.000 10.000 0.000
City of Hollywood 20.750 19.650 -1.100
Total 52.000 50.000 50.000