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HomeMy WebLinkAbout2014-07-30 PACKET 09 STREET LIGHT UTILITY FUND REVIEW To: Honorable Mayor and City Council Ryan Schroeder, City Administrator From: Jennifer M. Levitt, P.E., City Engineer Ryan Burfeind, Graduate Engineer Date: July 24, 2014 Re: Street Light Utility Enterprise Fund Review Background The City of Cottage Grove Street Light Enterprise Utility Fund is used to pay for expenses related to street lights and traffic signals in the City of Cottage Grove. The City currently has 2,863 street lights, 443 which are owned and maintained by Xcel Energy and 2,420 which are owned and maintained by Cottage Grove. There are also 147 feed points, which provide power to all of the street lights, and seven traffic signals in the City. There are two separate fees for this fund. The first is the street light fee, which has a residential rate of $2.45 per household per month. The second is the street light maintenance surcharge, which has a residential rate of $0.85 per household per month. The street light fee has remained constant since the year 2010, when it was reduced from the 2009 rate of $3.30. This fund is used to pay for personnel, utility, maintenance, and system improvement costs. Discussion Past Expenditures A detailed review of the street light fund was completed for 2008 to 2013. This review included both the operating income of the fund and the cash flow within the fund. The difference between these two reviews is the operating income takes into account depreciation and developer capital contributions and does not include capital outlay. A review of the cash flow within the fund is the opposite. It does not take into account depreciation or developer capital contributions, but it does take into account capital outlay. Table 1 below details the breakdown of the operating income review. Table 1 – Fund Operating Income Breakdown 2008 2009 2010 2011 2012 2013 Operating Revenues Street Light Fees $ 498,501 $ 503,006 $ 392,803 $ 398,178 $ 399,577 $ 401,068 Maintenance Surcharge $ 86,555 $ 87,231 $ 87,696 $ 88,493 $ 89,434 $ 90,490 Total Operating Revenues $ 585,056 $ 590,237 $ 480,499 $ 486,671 $ 489,011 $ 491,558 Operating Expenses Personal Services $ 52,414 $ 56,202 $ 66,213 $ 65,797 $ 75,597 $ 78,338 Commodities $ 29,587 $ 19,181 $ 44,744 $ 31,048 $ 59,797 $ 54,068 Items for resale $ 472 $ 25,432 $ - $ 19,792 $ 11,859 $ 37,999 Contractual $ 260,854 $ 292,577 $ 305,472 $ 310,595 $ 331,415 $ 376,076 System Improvements $ - $ - $ - $ 76,892 $ 54,730 $ 55,434 Admin Charge $ 41,300 $ 41,900 $ 42,500 $ 42,500 $ 43,800 $ 44,700 Depreciation $ 115,595 $ 116,648 $ 118,519 $ 122,776 $ 127,183 $ 139,255 Total Operating Expenses $ 500,222 $ 551,940 $ 577,448 $ 669,400 $ 704,381 $ 785,870 Operating Income $ 84,834 $ 38,297 $ (96,949) $ (182,729) $ (215,370) $ (294,312) Non-Operating Revenues (Expenses) Misc. Revenues $ 106,328 $ 6,464 $ 13,663 $ 45,937 $ 51,685 $ 89,279 Developer Capital Contributions $ - $ 105,316 $ - $ 23,686 $ - $ 102,580 Transfer Out for PW bldg contribution $ (9,000) $ (9,000) $ (9,000) $ (9,000) $ (9,000) $ (9,000) Investement Earnings (loss) $ 93,083 $ 38,463 $ 25,857 $ 34,439 $ 16,946 $ (18,677) Transfer Out W. Point Douglas Contrib. $ - $ - $ - $ - $ (284,479) $ - Total nonoperating revenues (expenses) $ 190,411 $ 141,243 $ 30,520 $ 95,062 $ (224,848) $ 164,182 Net Income (Loss) $ 275,245 $ 179,540 $ (66,429) $ (87,667) $ (440,218) $ (130,130) Table 2 and Figure 1 summarize the cash flow within the street light utility fund between the years of 2008-2013. This breakdown show the decreasing cash in the fund in recent years, primarily due to increasing maintenance costs and recent capital outlay. 2 Table 2 – Cash Flow Breakdown 2008 2009 2010 2011 2012 2013 Beginning Cash $ 2,205,642 $ 2,652,299 $ 2,845,749 $ 2,829,458 $ 2,849,281 $ 2,415,907 Operating Income without depreciation $ 200,429 $ 154,945 $ 21,570 $ (59,953) $ (88,187) $ (155,057) Non-operating revenues (expenses) without Capital Contributions $ 190,411 $ 35,927 $ 30,520 $ 71,376 $ (224,848) $ 61,602 Capital Outlay $ - $ - $ (81,840) $ - $ (152,531) $ (656,042) Changes in Balance Sheet Items $ 55,817 $ 2,578 $ 13,459 $ 8,400 $ 32,192 $ (16,164) Net increase (decrease) in cash $ 446,657 $ 193,450 $ (16,291) $ 19,823 $ (433,374) $ (765,661) $ Ending Cash 2,652,299 $ 2,845,749 $ 2,829,458 $ 2,849,281 $ 2,415,907 $ 1,650,246 Cash Flow Summary $800,000.00 $3,000,000 $600,000.00 $2,000,000 $400,000.00 $1,000,000 $200,000.00 Cash Flow Revenues/Expenses $- $- 200820092010201120122013 $(200,000.00) $(1,000,000) $(400,000.00) $(2,000,000) $(600,000.00) $(800,000.00) $(3,000,000) Non-Operating Revnues (w/o Capital ContributionsOperating Revenues Operating Expenses (w/o Depreciation)Capital Outlay Changes In Balance Sheet ItemsEnding Cash 3 Figure 1 – Cash Flow Summary Table 3 – Capital Outlay Breakdown Item Year Amount Aerial Feed Cabinet 2010 $81,840 Bucket Truck 2012 $83,497 E Point Douglas street lights 2012 $69,034 W Point Douglas/TH 95 Traffic Signal contr 2012 $284,479 2013 PM street lights 2013 $265,952 Hinton Avenue street lights 2013 $358,400 Hinton Avenue traffic signal 2013 $31,690 The specific maintenance and utility expenses were analyzed to compare street light and traffic signal expenses. The following figure shows the breakdown of these two expenses. As seen in Figure 2, traffic signal utility bills are quite low in comparison to street lights. Figure 3 shows that the average annual maintenance costs were very similar during the 2010 to 2013 period. Annual Utility Bill Comparison 2010 -2013 Average $7,776 $135,461 Street Light Utility BillsTraffic Signal Utility Bills Figure 2 – Annual Utility Bill Comparison 4 Annual Maintenance Cost Comparison 2010 -2013 Average $45,588 $54,125 Street Light MaintenanceTraffic Signal Maintenance Figure 3 – Annual Maintenance Cost Comparison Finally, street light work order were reviewed and see if there is a trend to the number of work orders the City is receiving. Work orders were reviewed back to 2008, when the current CRM work order system was implemented. Figure 4 shows the average number of work orders received per month related to street lights since 2008. This graph shows a steady increase in the number of work orders that have been received. While some of this can be attributed to repeat callers for the same issue, part if it is likely due to the aging system. Average Street Light Work Orders Per Month 70 60 50 40 30 20 10 0 2008200920102011201220132014 Figure 4 – Street Light Work Order History 5 Comparison with other Cities The City of Bloomington currently has 4,400 streetlights. They own approximately 1,025 of those lights. Xcel maintains the city’s lights; therefore, the city does not hire any full time employees to work specifically on streetlights. Bloomington’s licensed electrician is hired out. The construction of their light poles is part of their street construction. The 2014 Utilities and Maintenance Budget for the city is $940,589. The City of Oakdale currently owns 1,597 streetlights. Oakdale’s utility, water, and sewer management workers maintain their streetlights, but their licensed electrician is hired out. The work that is done in-house involves changing bulbs and fixing damaged lights and broken fuses. If a pole is knocked down, they hire a contractor. The construction of the poles is 100% outsourced. Their 2013 streetlight budget was $513,405. The City of St. Louis Park’s traffic department consists of four full time employees who maintain a total of 1,500 streetlights along with traffic signals, traffic signs, etc. The type of work they do in-house includes painting poles, bulb replacement, and checking inventory. Their licensed electrician is hired out. 100% of the light pole construction is outsourced; they order the parts and hire a contractor to install them. The City of St. Louis Park’s budget last year was around $250,000, which paid for replacing poles and light bulbs. Their 2014 Street Light Replacement Program is currently still in the design stage but they are planning to replace the streetlight systems that have reached their life expectancy. As a part of this project, the light fixtures will be replaced and upgraded to LED lights. With the City of St. Paul being such a large city, their streetlight management is quite large as well. There are currently about 37,000 city owned streetlights on St. Paul’s streets today. The city has 12 total electricians and about four of them do project type work. Their employees do all of the work on the streetlights except for federally funded projects. The city has an outstanding level of service when replacing street light outages. Once an employee is notified of a burnt out lamp, it takes about one hour for it to be replaced. Not only does St. Paul manage their own streetlights, they also have a total of 13 other municipalities that they help to maintain, including the City of Cottage Grove. As expected, the City of St. Paul’s street lighting maintenance budget for 2014 is very extensive totaling $1,234,323. A rate study was also completed, comparing the City of Cottage Grove residential fee to other communities in the Metropolitan area. Figure 5 shows how Cottage Grove compares to these other communities. 6 2014 Street Light Rate Costs Avg Rate = $2.49 3.50 3.33 3.30 3.28 3.20 Street Light Cost per House per Month ($) 3.00 2.99 3.00 2.81 2.71 2.67 2.59 2.50 2.18 2.152.15 1.92 2.00 1.83 1.64 1.55 1.50 1.50 1.00 0.50 0.00 Figure 5 – Street Light Fee Comparison Future System Improvements When looking at the future of the street light fund, a major component will be the amount of money spent on system improvements. The two improvements that were looked at were the installation of conduit and retrofitting street lights with LED fixtures. The implementation of these system improvements would be included with pavement management projects. The 10 year plan for pavement management was reviewed and used to produce a quantities for these two improvements. Currently the majority of the Cottage Grove street lights are powered by direct bury wires. These wires have very little protection from the environment, and part of the increase in work orders can be attributed to these wires reaching their life expectancy and beginning to fail. Since the year 2000, conduit with wires running inside have been placed to power the street lights in all new developments. This conduit helps to protect the wire, and also makes it much easier to replace a section of wire if it fails. A cost estimate was completed to see 7 what the cost would be to install conduit in each pavement management area for the next 10 years, and is summarized in Table 4. This same practice has already been used in the past, when conduit was installed in the Thompson Grove neighborhood during the 2003 Pavement Management project. Table 4 – Conduit Installation Costs Year Street Feed Wire (LF) Hand Hole Feed Point Conduit & Wire Total Project Lights Points Installation Replacement Installation Costs* 2015 129 8 34,711 $66,537 $30,483 $303,088 $560,151 2016 105 5 27,328 $56,866 $20,004 $250,553 $458,393 2017 90 7 45,219 $51,179 $29,406 $435,317 $722,264 2018 139 9 34,910 $82,995 $39,699 $352,879 $665,803 2019 130 8 34,172 $81,503 $37,052 $362,688 $673,740 2020 95 6 22,449 $62,538 $29,179 $250,177 $478,650 2021 52 3 7,870 $35,943 $15,319 $92,090 $200,693 2023 118 6 26,925 $85,640 $32,169 $330,808 $628,065 2024 23 3 7,902 $17,527 $16,889 $101,942 $190,902 Total $4,578,660 * Includes 10% Contingency and 30% Indirect Costs The cost to install LED light fixtures in each pavement management area was also estimated. This installation would be completed separate of pavement management. Street lights currently have a 100 Watt HID light fixtures, which have a life expectancy of around 22,000 hours. New LED light fixtures have use a 50 Watt lamp, and have a life expectancy of approximately 100,000 hours. When looking at payback, maintenance costs are also included. The HPS lights require lamp replacement every 5 years and ballast replacement every 15 years. The new LED fixtures require lamp and ballast approximately every 22 years. Based on an average electricity rate of $0.10 per KWH and including maintenance cost savings, each LED light fixture installed would have a simple payback of approximately 26 years. The breakdown if this cost savings is shown in Table 5. This does not take into account future increases in electricity rates. Table 6 summarizes the cost estimate for LED light fixture installation in pavement management projects for the next 10 years. 8 Table 5 – LED Cost Savings Breakdown HID Lamp Watts 100 LED Lamp Watts 50 Annual Run Time Hours 4400 Average Electric Costs/per KWH 0.1 HID lamp cost (5 year life) $30 HID balast cost (15 year life) $200 HID Annual KWH 440 LED Annual Kwh 220 Annual power cost savings $22.00 Equivalent Annual Savings $19.33 Total Annual Savings $41.33 Installation Costs $1,090.95 Simple Payback (years) 26.4 Table 6 – LED Fixture Installation Costs Year Street Installation Labor LED Fixture Costs Total Construction Costs* Lights Costs 2015 129 $114,455 $26,277 $140,733 2016 105 $97,819 $22,458 $120,277 2017 90 $88,037 $20,212 $108,250 2018 139 $142,767 $32,777 $175,545 2019 130 $140,200 $32,188 $172,387 2020 95 $107,576 $24,698 $132,274 2021 52 $61,828 $14,195 $76,023 2023 118 $147,317 $33,822 $181,139 2024 23 $30,150 $6,922 $37,072 Total $1,143,699 * LED installation would be completed in house, so 10% contingency and 30% indirect costs are not included Future Rate Structure In order to reverse the decreasing trend seen in Figure 1 a proposed rate structure for the next 10 years is shown in Table 7. This rate structure includes a 5% increase each year from 2015-2024. Figure 5 demonstrates how these rates would affect the fund balance if both conduit and LED retrofits are completed in each pavement management project for the next 10 years. Figure 6 demonstrates the projected fund balance if only the LED retrofits are completed in pavement management areas each year for the next 10 years. Figure 5 shows that even with the proposed rate increases, the Street Light fund cannot continue to support conduit installation within each pavement management project. Figure 6 shows that an annual increase in rates of 5% will support the Street Light fund, along with the installation of LED lights in each year’s pavement management project. A complete breakdown of this proposed budget can be seen in Appendix A of this report. 9 Table 7 – Proposed Rate Structure Residential - Residential - Commercial Commercial Street Light Year City Owned Rural Xcel Owned - By Lot - By Footage Maintenance 2014 $2.45 $3.75 $5.15 $2.46 $1.05 $0.85 2015 $2.57 $3.94 $5.15 $2.58 $1.10 $0.89 2016 $2.70 $4.13 $5.15 $2.71 $1.16 $0.94 2017 $2.84 $4.34 $5.15 $2.85 $1.22 $0.98 2018 $2.98 $4.56 $5.15 $2.99 $1.28 $1.03 2019 $3.13 $4.79 $5.15 $3.14 $1.34 $1.08 2020 $3.28 $5.03 $5.15 $3.30 $1.41 $1.14 2021 $3.45 $5.28 $5.15 $3.46 $1.48 $1.20 2022 $3.62 $5.54 $5.15 $3.63 $1.55 $1.26 2023 $3.80 $5.82 $5.15 $3.82 $1.63 $1.32 2024 $3.99 $6.11 $5.15 $4.01 $1.71 $1.38 Street Light Fund Cash Flow $2,000,000 $1,000,000 $- 20142015201620172018201920202021202220232024 $(1,000,000) $(2,000,000) $(3,000,000) $(4,000,000) $(5,000,000) Total Operating RevenuesTotal Operating Expenses Non-Operating Expenses/RevenuesEnding Cash Figure 5 – Street Light Utility Fund Cash Flow – Conduit & LED Install 10 Street Light Fund Cash Flow $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $- 20142015201620172018201920202021202220232024 $(250,000) $(500,000) $(750,000) $(1,000,000) Total Operating RevenuesTotal Operating Expenses Non-Operating Expenses/RevenuesEnding Cash Figure 6 – Street Light Utility Fund Cash Flow – LED Install Only Recommendation It is recommended the City Council approve a 5% rate increase for the Street Light Enterprise fund for 2015, as shown in Table 7 of this report. This rate increase will begin to reverse the decreasing fund balance trend that has been experienced in recent years. It was also allow start of an LED retrofit program to be completed in residential areas in conjunction with pavement management projects. 11