HomeMy WebLinkAboutRate Filing ApplicationINTRODUCTION
As a matter of explanation, this Rate Filing Application was
prepared based on year-end 1985 financial information.
The enclosed Exhibits 1, 2, 3, 4, 5, 6, 7, 8 and 9 were compiled
using conventional rate making theory. They support General
Development Utilities, Inc.'s actual cost of providing service to
its water and wastewater customers in Sebastian Highlands.
Exhibits 2A and 5A are supplements to the Filing Application.
These Schedules reflect a proposed rate which eliminates any Equity
Return or Interest Expense from the Utility's actual cost of providing
service. This compromise position was established to reduce the
magnitude of the rates necessary to cover the actual operating costs
of the Sebastian Highlands system.
0
Index -
Notice -
Affidavit -
Exhibit 1 -
Exhibit 2 -
Exhibit 2A -
Exhibit 3 -
Exhibit 4 -
Exhibit 5 -
Exhibit 5A -
Exhibit 6 -
Exhibit 7 -
Exhibit 8 -
Exhibit 9 -
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS RATE CASE
1985 TEST YEAR
In compliance with City of Sebastian Ordinances
0-81-8 and 0-81-9
Present and Proposed Rates -- Water and Sewer
Constructed Statement of Operations and Rate
Structures -- Water and Sewer
Constructed Statement of Operations and Rate
Structures per Proposal (Supporting Proposed Rates).
Average Rate Base, Net Operating Income and Rate
of Return Calculation -- Water and Sewer
Cost of Capital -- Water and Sewer
Calculation of Customer Deposits and Reconnection
Charges -- Water and Sewer
Calculation of Customer Deposits per Proposal
(Supporting Proposed Rates)
Used and Useful Analysis
Present and Proposed Service Availability and Main
Extension Charges -- Water and Sewer
Calculation of Proposed Service Availability and
Main Extension Charges -- Water and Sewer
Carrying Cost Recovery Charge -- Water and Sewer
• i
HOPPING BOYD GREEN & SAMS
CARLOS ALVAREZ
BRIAN H. SIBEAU
WILLIAM L. BOYD, IV
PETER C. CUNNINGHAM
WILLIAM H. GREEN
WADE L. HOPPING
RICHARD D. MELSON
WILLIAM D. PRESTON
GARY P. SAMS
ROBERT P. SMITH,JR.
The Honorable Gene
City of Sebastian
Post Office Box 127
Sebastian, Florida
ATTORNEYS AND COUNSELORS
SUITE 420, FIRST FLORIDA DANK BUILDING
POST OFFICE BOX 6526
JAMES S. ALVES
TALLAHASSEE, FLORIDA 32314
KATHLEEN BLIZZARD
(904) 222-7500
ELIZABETH C. BOWMAN
RICHARD S. BRIGHTMAN
ANNE W. CLAUSSEN
FRANK E. MATTHEWS
STEVEN A.MEDINA
CAROLYN S. RAEPPLE
August 29, 1986
Harris
32950
OF COUNSEL
W. ROBERT FOKES
Re: General Development Utilities, Inc. -- Request for
an Increase in Water and Sewer Rates and Service
Availability/Plain Extension Charges for the
Sebastian Highlands Division
Dear Mayor Harris.:
Pursuant to Section 3 of Ordinances 0-81-8 and 0-81-9,
dated May 11, 1981 (the General Development Utilities, Inc.
water and sewer franchises), General Development Utilities,
Inc., hereby gives notice to the City Council of the City of
Sebastian that the Company deems it necessary to amend its
charges for water and sewer services provided within its
franchise area in the City of Sebastian.
The present rates have become insufficient, and under
the franchise agreement the Company is entitled to increased
rates that are just, reasonable and compensatory, and will
provide the Company with a fair and reasonable rate of
return on its investment in property used and useful in the
public service. General Development Utilities, Inc.
respectfully requests that the City Council set a public
hearing as provided under said ordinances to consider this
request at its earliest convenience.
The proposed increases are required to offset the
adverse impact of inflation on General Development
Utilities' operating costs, and are based on a 1985 test
year. In 1985, Sebastian Highlands had an after-tax
operating loss of $174,247 in its Water Division and an
after-tax operating loss of $101,907 in its Sewer
Division. The Company cannot continue to operate if it
loses money every year.
•
The lionorable Gene Harris
August 29, 1986
Page 2
•
The increase in monthly revenues which General
Development Utilities is requesting is $172,660 in the Water
Division and $101,255 in the Sewer Division. Based on the
1985 test year, these revenues would cover the Company's
operating expenses, but would not cover its interest expense
or provide any equity return. Although the Company is
entitled under the franchise agreement to recover its
interest expense and to earn a fair rate of return on its
equity investment, the Company is voluntarily requesting
less than a fair rate of return at this time in order to
minimize the impact on ratepayers.
The current and proposed water and sewer rates are
attached hereto and made a part hereof as Exhibit 1.
Comprehensive data supporting the proposed rates (and
proposed increases in the Company's deposits and
reconnection charges) is attached as Exhibits 2 through 6.
In addition, the Company seeks to increase its Service
Availability/Main Extension Charges to more accurately
reflect the current costs of construction. These charges
will be incurred only by new customers as they connect to
the system. The current and proposed rates are attached
hereto and made a part hereof as Exhibit 7 and supporting
documents have been included as Exhibit 8.
Finally, the Company is requesting that it be authorized
to institute a "carrying cost recovery charge" to help
defray the carrying costs of water and sewer plant capacity
held for future use. Like the Service Availability/Main
Extension Charges, the CCRC is recovered from new customers
at the time they connect to thb system. Exhibit 9 contains
more detail on the proposed CCRC.
We hereby request that the revisions to monthly rates
for water and sewer service and the Service
Availability/Main Extension Charges, and the carrying cost
recovery charge, be placed on the Council's agenda and
noticed for public hearing at the earliest opportunity, but
in any event no later than 60 days from the date of this
notice, as required in the franchise ordinance.
The Nonorable Gene Harris
August 29, 1986
Page 3
Copies of correspondence concerning this application
should be sent to the undersigned attorney for General
Development Utilities, Inc. and to:
Gary White
Rate Case Coordinator
General Development Utilities, Inc.
1111 South Bayshore Drive
Miami, Florida 33131
Very truly your�s,,}�
Richard D. Melson
RDM/cm
Enclosures
cc: Xenneth Roth, Vice Mayor
Robert McCarthy
Lloyd Rondeau
Peter Vallone
Tom Palmer, Esq.
Debbie Krages
11
AFFIDAVIT
STATE OF FLORIDA )
COUNTY OF DADE )
•
I, Charles E. Fancher, Jr., Senior Vice President of General
Development Utilities, Inc., do solemnly swear that the facts stated in the
foregoing application and all exhibits attached hereto are true and correct
and that said statements of facts constitute a complete statement of the
matter to which it relates.
Charles E. Fancher, Jr.
Senior Vice President,
General Development Utilities, Inc.
SUBSCRIBED and SWORN to before me
this 9th day of ,Augus�1986."/�-
^ 0 ARY PUBLIC STATE OF FLORIDA
<< MY COMMISSION EXP JUNE 21,1990
-BONDED TRRU GENERAL INS. UND.
'Notary.Public,
State of Florida at Large
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS WATER OPERATIONS
SCHEDULE OF RATES
RESIDENTIAL SERVICE
Monthly Billing Charge:
Meter Size
Base Facility
Usage
5/8" X 3/4"
$ 3.10
First
10,000
gal -
$1.09
per
1,000
gal
Next
10,000
gal -
1.63
per
1,000
gal
Next
30,000
gal -
2.17
per
1,000
gal
Over
50,000
gal -
4.34
per
1,000
gal
1"
7.75
First
25,000
gal -
$1.09
per
1,000
gal
Next
25,000
gal -
1.63
per
1,000
gal
Next
75,000
gal
- 2.17
per
1,000
gal
Over
125,000
gal -
4.34
per
1,000
gal
1}"
15.51
First
50,000
gal
- $1.09
per
1,000
gal
Next
50,000
gal -
1.63
per
1,000
gal
Next
150,000
gal
- 2.17
per
1,000
gal
Over
250,000
gal -
4.34
per
1,000
gal
2"
24.81
First
80,000
gal
- $1.09
per
1,000
gal
Next
80,000
gal
- 1.63
per
1,000
gal
Next
240,000
gal
- 2.17
per
1,000
gal
Over
400,000
gal
- 4.34
per
1,000
gal
Proposed Rates
Meter Size
Base Facility
Usage
5/8" X 3/4"
$11.64
First
10,000
gal
- $1.10
per
1,000
gal
Over
10,000
gal
- 1.38
per
1,000
gal
1"
29.10
First
25,000
gal
- $1.10
per
1,000
gal
Over
25,000
gal
- 1.38
per
1,000
gal
1}
58.20
First
50,000
gal
- $1.10
per
1,000
gal
Over
50,000
gal
- 1.38
per
1,000
gal
2"
93.12
First
80,000
gal
- $1.10
per
1,000
gal
Over
80,000
gal
- 1.38
per
1,000
gal
Customer Deposits:
Present Rates
5/8" X 3/4" $30.00
1" and above Three (3) months estimated billings
Proposed Rates
Meter Size
5/8" X 3/4" $50.00
1" and above Three (3) months estimated billings
Reconnection Charges:
Present Rates
$13.75 - during regular working hours
18.25 - after regular working hours
Proposed Rates
$20.00 - during regular working hours
24.00 - after regular working hours
EXHIBIT 1
Page 1 of 4
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS WATER OPERATIONS
SCHEDULE OF RATES
GENERAL SERVICE
Monthly Billing Charge:
Present Rates
Meter Size Base Facility
5/8" X 3/4" $ 3.10
1"
2"
3"
4"
6"
Proposed Rates
Meter Size
5/8" X 3/4"
1"
1}
2"
3"
4"
6"
7.75
15.51
24.81
49.63
77.54
155.08
Base Facilitv
$11.64
29.10
58.20
93.12
186.24
291.00
582.00
Usage
First 10,000 gal - $1.09 per 1,000 gal
Next 10,000 gal - 1.63 per 1,000 gal
Next 30,000 gal - 2.17 per 1,000 gal
Over 50,000 gal - 4.34 per 1,000 gal
First 25,000 gal - $1.09 per 1,000 gal
Next 25,000 gal - 1.63 per 1,000 gal
Next 75,000 gal - 2.17 per 1,000 gal
Over 125,000 gal - 4.34 per 1,000 gal
First 50,000 gal - $1.40 per 1,000 gal
Next 50,000 gal - 2.10 per 1,000 gal
Next 150,000 gal - 2.80 per 1,000 gal
Over 250,000 gal - 5.60 per 1,000 gal
First 80,000 gal - $1.40 per 1,000 gal
Next 80,000 gal - 2.10 per 1,000 gal
Next 240,000 gal - 2.80 per 1,000 gal
Over 400,000 gal - 5.60 per 1,000 gal
First 160,000 gal - $1.40 per 1,000 gal
Next 160,000 gal - 2.10 per 1,000 gal
Next 480,000 gal - 2.80 per 1,000 gal
Over 800,000 gal - 5.60 per 1,000 gal
First 250,000 gal - $1.40 per 1,000 gal
Next 250,000 gal - 2.10 per 1,000 gal
Next 750,000 gal - 2.80 per 1,000 gal
Over 1,250,000 gal - 5.60 per 1,000 gal
First 500,000 gal - $1.40 per 1,000 gal
Next 500,000 gal - 2.10 per 1,000 gal
Next 1,500,000 gal - 2.80 per 1,000 gal
Over 2,500,000 gal - 5.60 per 1,000 gal
Usage
First
10,000
gal -
$1.10
per
1,000
gal
Over
10,000
gal -
1.38
per
1,000
gal
First
25,000
gal -
$1.10
per
1,000
gal
Over
25,000
gal -
1.38
per
1,000
gal
First
50,000
gal -
$1.10
per
1,000
gal
Over
50,000
gal -
1.38
per
1,000
gal
First
80,000
gal -
$1.10
per
1,000
gal
Over
80,000
gal -
1.38
per
1,000
gal
First
160,000
gal -
$1.10
per
1,000
gal
Over
160,000
gal
- 1.38
per
1,000
gal
First
250,000
gal -
$1.10
per
1,000
gal
Over
250,000
gal
- 1.38
per
1,000
gal
First
500,000
gal -
$1.10
per
1,000
gal
Over
500,000
gal
- 1.38
per
1,000
gal
EXHIBIT 1
Page 2 of 4
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS SEWER OPERATIONS
SCHEDULE OF RATES
RESIDENTIAL SERVICE
Monthly Billing charge:
Present Rate
All meter sizes $10.00 flat rate
Proposed Rates, All Meter Sizes
Base Facility Usage
$13.50 $.95 per 1,000 gallons up to 12,000 gallons.
Customer Deposits:
Present Rate
Meter Size
5/SAX 3/4" $30.00
1" and above Three (3) months estimated billings
Proposed Rate
Meter Size
5/8" X 3/4" $50.00
1" and above Three (3) months estimated billings
GENERAL SERVICE
Monthly Billing Charge:
Present Rate
All meter sizes $10.00 or 100% of water bill, whichever is greater.
Proposed Rate
Meter Size Base Facility Usage
5/8" X 3/4"
$ 13.50
$.95
per
1,000
gallons
1"
33.75
.95
per
1,000
gallons
11
67.50
.95
per
1,000
gallons
2"
108.00
.95
per
1,000
gallons
3"
216.00
.95
per
1,000
gallons
4"
337.50
.95
per
1,000
gallons
6"
675.00
.95
per
1,000
gallons
Customer Deposits:
Present Rate
Meter Size
5/8" X 3/4" $50.00
1" and above Three (3) months estimated billings.
Proposed Rate
Meter Size
5/8" X 3/4" $50.00
1" and above Three (3) months estimated billings.
EXHIBIT 1
Page 4 of 4
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS WATER OPERATIONS
SCHEDULE OF RATES
Customer Deposits:
Present Rates
Meter Size
5/8" X 3/4" $50.00
1" and above Three (3) months estimated billings
Proposed Rates
Meter Size
5/8" X 3/4" $50.00
1" and above Three (3) months estimated billings
Reconnection Charges
Present Rates
$13.75 -
during regular working hours
18.25 -
after regular working hours
Proposed Rates
$20.00 -
during regular working hours
24.00 -
after regular working hours
STANDBY CHARGES -FIRE HYDRANT AND/OR SPRINKLER SYSTEMS
Present Annual Rates
4" Mains - $ 400.00 per year
6" Mains - 800.00 per year
8" Mains - 1,280.00 per year
Proposed Annual Rates
4" Mains - $1,164.00 per year
6" Mains - 2,328.00 per year
8" Mains - 3,724.00 per year
EXHIBIT 1
Page 3 of 4
10:23 AM
08/27/86
6855MFA
Col. 1
Line
No.
1 Operating Revenues
Operating Expenses -
2 Operation
3 Maintenance
4 Depreciation
5 Taxes Other Than Income Taxes
6 Provision For Income Taxes
7
B Net Operating Income
9 Other Expense:
t0 Interest
11 Net Income
Exhibit 2 Schedule 1
Page l of 8
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER OPERATIONS
CONSTRUCTED STATEMENT OF OPERATIONS
TWELVE MONTHS ENDED DECEMBER. 31, 1985
Col. 2
Col. 3 Col. 4
Col. 5
Col. 6
Col. 1
ADJUSTMENTS
CONSTRUCTED
--------------------------------
AS
CONSTRUCTED
STATEMENT OF
PER BOORS
FUTURE USE OTHER
ADJUSTED
ADJUSTMENTS
OPERATIONS
f 74,239
--------
f 0 f 4,959
--------- ---------
f 79,198
---------
f 435,087
---------
f 514,285
---------
78,485
0 8,850
87,335
0
87,335
13,654
0 428
14,082
0
14,082
•
128,788
(38,526) (1,608)
88,654
0
88,654
18,116
12,746) 0
15,370
0
15,370
(118,509)
--------
0 17,197
--------- ---------
(101,312)
---------
147,723
--------
46,411
--------
120,534
--------
(41,272) 24,867
--------- ---------
104,128
---------
147,723
--------
251,851
--------
(46,295)
--------
41,272 (19,9081
--------- ---------
(24,930)
---------
287,364
--------
262,434
--------
(127,952)
(19,528)
(147,480)
0
(147,480)
--------
1127,952)
--------
--------- ---------
0 119,5281
--------- ---------
---------
(147,480)
---------
--------
0
--------
--------
(147,480)
--------
1 (174,247)
f 41,272 f (39,436)
f 1172,410)
f 287,364
f 114,954
•
10:23 AM
GENERAL DEVELOPMENT UTILITIES, INC.
08127!86
SEBASTIAN HIGHLANDS SENER OPERATIONS
685SMFR
CONSTRUCTED STATEMENT OF OPERATIONS
TWELVE MONTHS ENDED DECEMBER 31, 1985
Col. 1
Col. 2
Col. 3 Col. 4
Col. 5
Col. 6
Cel. 7
Line
ADJUSTMENTS
CONSTRUCTED
No.
--------------------------------
AS
CONSTRUCTED
STATEMENT OF
PER BOOKS
---------
FUTURE USE OTHER
----------
ADJUSTED
ADJUSTMENTS
OPERATIONS
1 Operating Revenues
f 48,500
--------
---------
f 0 f 3,003
--------- ---------
---------
f 51,503
-----------
f 156,653
-----------
f 208,156
Operating Expenses:
----------
---------
---------
2 Operation
71,472
0 8,313
79,785
0
79,785
3 Maintenance
9,151
0 277
9,428
0
9,428
4 Depreciation
66,730
(39,970) 195)
26,665
0
26,665
5 Taxes Other Than Income Taxes
10,717
(4,081) 0
6,636
0
6,636
6 Prevision For Income Taxes
(70,174)
--------
0 30,6BB
--------- ---------
(39,466)
---------
42,949
--------
3,463
--------
1
97,896
--------
(44,051) 39,184
--------- ---------
83,028
42,949
125,977
8 Net Operating Income
(39,396)
--------
44,051 (36,180)
--------- ---------
---------
(31,525)
--------
113,704
--------
82,179
9 Other Expense:
---------
--------
--------
10 Interest
(62,511)
--------
16,329
------------------
(46,182)
---------
0
(46 182)
(62,511)
--------
0 16,329
--------- ---------
(46,182)
--------
0
--------
(46,182)
11 Net Income
---------
--------
--------
f 1101,907)
f 44,051 f (19,851)
f (77,707)
f 113,704
f 35,997
Exhibit 2 Schedule I
Page 2 of 8
0
A
GENERAL OEYELOFMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS
NATER AND SEWER OPERATIONS
NOTES
TO CONSTRUCTED STATEMENT OF OPERATIONS ADJUSTMENTS
Line
Col. I
Col. 2
Col. 3
Col. 4
Col. 5
No.
----
NATER
SEWER
1
OPERATION EXPENSE
-
----------
2
----------------------
A. Adjustment to reflect changes in Operation
Expense computed as
follows:
3
1) Labor:
Water
Sewer
4
Total Payroll -Operations Expense
-------
f 36,468
-------
26,912
5
x X increase
5.601
5.60%
6
Additional Annual Payroll Expense
2,042
1,507
7
Adjusted for 7/85 effective date
0.50
0,50
B
Total Payroll Adjustment
f 1,021
754
f 1,021
f 754
9
1) Labor -Related Expense:
10
PIR Taxes -State and Federal
f 3,436
2,490
AIC 926,925,934 - Pensions, benefits,
11
and related
7,626
5,386
12
Subtotal Labor -Related
11,062
7,876
13
% Applicable to Operations
BO.84I
82.57%
14
Operations Labor -Related
9,942
6,503
15
x % increase
5.60%
5.601
16
Additional Annual Payroll -Related Expense
-------
501
-------
364
17
Adjusted for 7/85 effective date
0.50
0.50
1B
Total Operations Payroll -Related Adiustment
-------
$ 250
-------
IB2
250
182
19
3) General Operation Expense Inflation Adjustment:
20
Operation Expense - Test Year
f 78,485
71,472
21
Less amounts not subject:
22
a) Labor
36,468
26,912
13
b) Labor -Related
6,406
4,309
24
c) Regulatory Commission Expense
0
0
25
d) Electric Costs
15,735
-------
26,411
-------
26
Amount Subject to Inflation Adjustment
19,876
13,840
27
Inflation Adjustment Factor
3.331
3.33%
28
Operation Expense Inflation Adjustment
--------------
f 662
461
662
461
29
4) Adjustment to amortize estimated rate case expense over
3 years, allocated equally between water and sewer.
($41,50013YRS) x 501
6,917
6,917
30
TOTAL OPERATION EXPENSE ADJUSTMENT
--------------------
f 11,950f
8,313
Exhibit 2 Schedule 1
Page 3
of 8
0
A
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS WATER AND SEWER OPERATIONS
NOTES TD CONSTRUCTED STATEMENT OF OPERATIONS ADJUSTMENTS
Line Col. 1 Cal. 2 Cal. 3 Col. 4 Col. 5
No.
---- WATER SEWER
----------- --------
1
MAINTENANCE EXPENSE
2
----------------------
A. Adiustment to reflect increase in Maintenance
Expenses computed
as
follows:
3
1) Labor:
Water
Sewer
4
Total Payroll -Maintenance expense
f
8,646
5,682
5
x % increase
5.601
5.601
6
Additional Annual Payroll Expense
484
318
7
Adjusted for 7/B5 effective date
0.50
0.50
B
Total Payroll Adjustment
f
-------
242
-------
159
f 242
f 159
9
2) Labor -Related Expense:
10
P/R, Taxes -State and Federal
f
3,436
2,490
A/C 926,925,934 - Pensions, benefits,
11
and related
7,626
-------
5,386
12
Subtotal Labor -Related
11,062
-------
7,876
13
9. Applicable to Maintenance
19.161
17.431
14
Maintenance Labor -Related
-------
2,120
-------
1,373
15
x X increase
5.601
5.601
16
Additional Annual Payroll -Related Expense
-------
119
-------
77
17
Adjusted for 7105 effective date
0.50
0.50
18
Total Maintenance Payroll -Related Adjustment
f
59
38
59
38
19
31 General Maintenance Expense Inflation Adjustment:
20
Maintenance Expense - Test Year
f
13,654
9,151
21
Less amounts not subject:
22
a) Labor
8,646
5,682
23
b) Labor -Related
1,220
1,011
24
cl Regulatory Commission Expense
0
0
25
Amount Subject to Inflation Adjustment
-------
3,788
-------
2,392
26
Inflation Adjustment Factor
3.331
3.331
27
Maintenance Expense Inflation Adjustment
f
126
80
126
BO
28
TOTAL MAINTENANCE EXPENSE ADJUSTMENT
----------
f 428
----------
E 277
Exhibit
2 Schedule 1
Page 4
of 9
•
0
0
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER AND SEWER OPERATIONS
NOTES TO CONSTRUCTED STATEMENT OF OPERATIONS ADJUSTMENTS
Line
Col. I Col. 2
Col. 3
Col. 4 Col. 5
No.
----
FUTURE USE
OTHER
---------------------------------
NATER
SEWER
-------------------------------
NATER SEWER
DEPRECIATION ------------
----------
---------- ----------
I
----------------------
A. Adjustment to reduce depreciation expense for that portion
.
of plant considered held for future use. S 138,526) f
f39,970)
2
B. Adjustment to remove depreciation expense on plant
retired at year end, but not yet removed from
the books (See PIS Adjustment 91.
S (1,608) $ (95)
•
3
--------------------
TOTAL DEPRECIATION ADJUSTMENTS $ 138,526) f
(39,970)
--------- ---------
f (1,608) S (95)
Exhibit
2 Schedule I
Page 5
of 8
0
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER AND SEWER OPERATIONS
NOTES TO CONSTRUCTED STATEMENT OF OPERATIONS ADJUSTMENTS
Line Col. I
No.
1 TAXES OTHER THAN INCOME TAXES
-----------------------------
2 A. Adjustment to adjust property taxes for that portion of plant
3 considered held for future uses Water Sewer
4 Property Tax Expense per Books f 14,187 8,227
5 Property Tax on Net Additions 0 0
-------- --------
6 Adjusted Books 14,187 8,227
7 Future Use Percentage 19.35BD71 49.609061
-------- --------
8 Future Use Property Taxes f 2,746 4,081
Exhibit 2 Schedule I
Page 6 of B
Cal. 2 Col. 3
FUTURE USE
----------------------------
WATER SEWER
--------- --------
(2,746) 1 (4,081)
E
0
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN H16HLANDS MATER AND SEWER OPERATIONS
NOTES TO CONSTRUCTED STATEMENT OF OPERATIONS ADJUSTMENTS
•
0
Col. 1
Col. 2
Col. 3
Col. 4
Col. 5
Col. 6
Col. 7
Col. 8
NATER
SEWER
Line----------
----------
No.
PROVISION FOR INCOME TAMES
----
1
--------------------------
A.
Adjustment to Provision for Income Taxes:
_
Nater
Sewer
Total
2
Adjusted Net Income
--------
f (172,4101
--------
(17,7071
--------
(250,118)
3
Provision for Income Taxes
(101,3121
(39,486)
1140,798)
4
Total Taxable Income
f (273,7221
(117,193)
(390,916)
(390,9161
5
Less State Tax Exemption
2,500
2,500
5,000
6
State Income Tax @ 5.501
(15,1921
(6,583)
(395,916)
(21,774)
(21,774)
7
Amount Subject to Federal Income Tax
(369,1411
B
Taxes @ 18.331
75,000 (6,875)
16,875)
(75,000)
(13,750)
9
Balance 1 34.001
(70,9001
(10,607)
f
(294,141)
(100,007)
l0
ITC Amortization
8,345
5,420
13,765
Il
Total Income Taxes
--------
f (101,312)
--------
(39,486)
f
--------
(149,2961
OPERATING REVENUES
12
A.
------------------
Adjustment to decrease Operating Revenues
for guaranteed
13
contractual revenues.
f (3,674)
1 0
14
B.
Adjustment to annualize test year revenues
for end -of -period
15
connections.
Nater
Sewer
16
12/31/85 connections
-------
633
-------
403
17
Average connections
564
380
l8
Annualization factor
1.1223
1.0619
19
Test year revenues
f 70,565
48,500
20
Revenues as annualized
-------
79,198
-------
51,503
21
Revenue adjustment
3 8,633
3,003
8,633
3,003
f 4,959
3 3,003
22
C.
Adjustment to increase Operating Revenues
to the total level
23
required to provide a fair return on rate
base.
3 435,OB7
1 156,653
Exhibit
2
Schedule i
Page 7
of
B
•
0
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER AND SEWER OPERATIONS
NOTES TO CONSTRUCTED STATEMENT OF OPERATIONS ADJUSTMENTS
Col. 1 Col. 2 Col. 3 Cal. 4 Col. 5 Col. 6
Line
Water
No.
14TEREST EXPENSE
Adiusted Net Income
f
----
1
----------------------
A. Adjustment to increase expense, based
on the Capital
Structure
2
of General Development Utilities, Inc.
as reflected
an Exhibit 3
3
Schedule 1.
Water
Sewer
4
Adjusted Rate Base
--------- ---------
f 2,020,275
632,636
5
Weighted Cost of Debt
7.30%
7.301
6
Proforma Interest Expense
--------- ---------
147,480
46,182
7
Interest Expense Per Books
127,952
--------- ---------
62,511
8
Interest Expense Adjustment
f 19,528
--------- ---------
116,3291
9 TAXES OTHER THAN INCOME TAXES
-----------------------------
l0 A. Adjustment to increase gross receipts tax due to additional
I1 revenue.
12 PROVISION FOR INCOME TAXES
--------------------------
13 B. Adjustment to Provision for Income Taxes;
Total
150,951
49,874
200,824 200,824
5,000
195,824 10,770 10,770
190,054
75,000 13,750
f 115,054 39,118
13,765
f 49,874
Col. 7 Col. 8
WATER SEWER
----------- ----------
f 19,528 f (16,3291
f 0 f 0
Water
Sewer
14
Adiusted Net Income
f
--------
114,954
--------
35,997
15
Provision. for Income Taxes
46,411
3,463
16
Total Taxable Income
f
161,364
39,460
17
Less State Tax Exemption
2,500
2,500
l8
State Income Tax @ 5.501
8,738
2,033
19
Amount Subject to Federal Income Tax
20
Taxes @ 18.33%
75,000
6,875
6,875
21
Balance @ 34.00%
39,143
(25)
22
ITC Amortisation.
8,345
--------
5,420
--------
23
Total Income Taxes
f '
46,411
3,463
Exhibit 2
Schedule 1
Page 8 of
9
Total
150,951
49,874
200,824 200,824
5,000
195,824 10,770 10,770
190,054
75,000 13,750
f 115,054 39,118
13,765
f 49,874
Col. 7 Col. 8
WATER SEWER
----------- ----------
f 19,528 f (16,3291
f 0 f 0
!(1:44 AM
GENEPAL DEVELOPMENT
UTILITIES, INC.
08/77/86
SEBASTIAN HIGHLANDS
NATER OPERATION
GB5SMFR
BASE
FACILITY AND USAGE
CHARGE COMPONENTS
FACTORED
ERC'S
FACTORED
GALLONAG
ASSIGNED PERCENTAGE
NO.
9,579
ND.
55,427
CONSTRUCTED
BASE
USAGE
BASE COMPONENT
USAGE COMPONENT
TEST YEAR
ADJUSTMENTS
TEST YEAR
FACILITY
CHARGE
FACILITY
COST
CHARGE
COST
OPERATION k MAINTENANCE EXPENSE
----------------------------------
-----------
----------
--------------------
-------------------
1 SOURCE OF SUPPLY EXPENSES:
Purchased water
0
0
0
0.001
100.00%
0
$0.00
0
$0.00
Other source o6 supply exp.
36
1
37
100.001
0.001
31
$0.00
0
$0.0
2 PUMPING EXPENSES:
15,735
0
15,735
0.001
100.001
D
$1:.00
15,735
$0.28
3 TREATMENT EXPENSES:
47,879
1,648
49,527
0.00%
100.001
0
10.00
49,527
50.89
4 TRANSMISSION / DISTRIBUTION EXPENSES:
B20
29
849
0.001
!00.001
0
$0.00
849
$0.01
5 CUSTOMER ACCOUNTS EXPENSES:
$0.00
Meter Reading Labor
3,041
106
3,147
100.001
0.00%
3,147
$0.33
D
$0.0
Other c'stcoer account exp.
7,050
240
7,290
50.001
50.001
3,645
$0.38
3,645
$0.07
6 ADMINISTRATIVE AND GENERAL EXPENSES:
17,578
7,254
24,832
50.001
50.00'%
12,416
$1.30
12,416
$0.22
TOTAL OPERATION 6 MAINT. EXFENSE
----------
92,139
----------
9,278
-----------
101,417
---------
19,245
---------
$2.01
--------- ---------
82,172
$1.4B
DEPRECIATION EXPENSE
128,798
----------
(40,134)
----------
BB,654
-----------
100.001
0.001
88,654
---------
$9.16
---------
0
---------
$0.00
---------
AMORTIZATION EXPENSE
----------
0
----------
0
-----------
0
100.001
0.001
---------
---------
$0.00
---------
0
---------
VI. 01)
TAXES OTHER THAN !NCDME TAX
I GROSS RECEIPTS TAX
0
0
0
51.331
48.671(A)
0
$0.00
0
$0.00
2 FRANCHISE TAX
493
0
493
51.331
48.6710)
253
$0.03
240
$0.00
3 PROPERTY TAX
14,!87
(2,746)
11,441
100.001
0.001
11,441
11.19
0
$0.00
4 OTHER TAXES
3,436
----------
0
----------
3,436
-----------
50.001
50.001
1,118
---------
$0.18
---------
1,716
---------
$0.03
---------
TOTAL TAXES OTHER THAN INCOME
18,116
=__-=-'_==
(2,746)
-________
15,370
13,412
==._____=
$1.40
__=__=___
1,958
===____=_
$0.04
INCOME TAX EXPENSE
(118,509)
164,920
___________
46,411
0.001
100.001
0
$0.00
46,411
$0.84
OPERATING EXPENSE
120,534
131,317
251,851
121,311
112.66
130,541
$2.36
OPERATING EARNINGS - INTEREST
127,952
19,528
147,480
100.001
0.001
147,480
$15.40
0
$0.00
EgUITY EARNINGS
(174,2471
289,101
114,954
0.001
100.001
0
$0.00
114,954
$2.07
TOTAL REVENUE
----------
74,239
----------
440,046
-----------
514,2B5
---------
268,791
---------
$28.06
---------
245,494
---------
$4.4.3
LESS MISC. OPERATING REVENUE
4,876
4,959
9,835
100.001
0.001
9,835
$1.03
0
$0.00
TOTAL BILLING REVENUE - RATES
----------
69,363
----------
435,087
-----------
504,450
---------
258,956
---------
$27.03
---------
245,494
---------
$4.43
(4)
Same percentage ratio as
revenue produced
40
9
WATER
�
IIB
RESIDENTIAL:
136
1.00
1) 5/B-3/4"
meter
NBA
2) 1"
meter
WBB
3) 1 1/2"
meter
NBC
4) 2'
meter
NBD
5) 3'
meter
57
TOTAL RESIDENTIAL
ro
�
IIB
1.1537
136
1.00
136
10000
LQ
;D,
425
0
(D
(D x
GENERAL
SERVICE:
tj
r bid
1)
5/8-3/4'
57
F- H
meter
NBF
O
(D H
2)
1'
0
25000
0
0
0
N N
$4.43
8,775
$5.54
2,263
+25000
0
4)
2'
meter
WBS
5)
3'
0
5.00
6)
4'
0
0
7)
6'
$1,351.50
12,164
$4.43
6'
TOTAL GENERAL SERVICE
WATER RATE REVENUE
IMMATERIAL DIFFERENCE
TOTAL WATER OPERATION
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER OPERATION
EQUIVALENT RESIDENTIAL CONNECTION LOAD FACTOR
PROPOSED RATES AND REVENUE
NUMBER ANNUAL17ED METER FACTORED USAGE GALLONS ANNUALIIED FACTORED
OF BILLS GROWTH 4 OF BILLS EQUIVALENT ERC'S LEVEL (000) GALLONS GALLONS
test year FACTOR Itest year) FACTOR (test year) (test year) (000)
--------- --------- ---------- ----------------------------- ---------- --------- ----------
6,431 1.1537 7,419 1.00 7,419 10000 30,997 35,761 35,761
+10000 3,219 3,714 4,642
0 1.1537 0 2.50 0 25000 0 0 0
+25000 0
0 1.1537 0 5.00 0 50000 0 0 0
+50000 0
0 1.1537 0 8.00 0 80000 0 0 0
+80000 0
0 1.1537 0 16.00 0 160000 0 0 0
+160000 0
--------------------------------------------------------------
6,431 7,419 7,419 34,216 39,475 40,404
meter
WBE
IIB
1.1537
136
1.00
136
10000
368
425
425
0
$5.54
0
$135.15
0
+10000
49
57
71
meter
NBF
0
1.1537
0
2.50
0
25000
0
0
0
6,055
$4.43
8,775
$5.54
2,263
+25000
0
$4.43
0
meter
WBS
0
1.1537
0
5.00
0
50000
0
0
0
0
$1,351.50
12,164
$4.43
41,332
-------------
+50000
0
0
meter
MBH
0
1.1537
0
8.00
0
80000
0
0
0
$258,956
----------
1245,494
+80000
0
0
meter
NBI
12
1.1537
14
16.00
224
160000
1,717
1,981
1,981
+160000
354
409
511
meter
WBJ
0
1.1537
0
25.00
0
250000
0
0
0
+250000
0
0
meter
NBI:
23
1.1537
27
50.00
1,350
500000
2,346
2,707
2,707
+500000
0
0
meter
WBK
KNOWN ADDS
9
50.00
450
9,330
9,330
9,330
-----------
-----------
0
153
186
-----------
2,160
----------
14,164
--------- ----------
14,907
15,023
6,584
7,605
9,579
48,380
54,382
55,427
BASE FACILITY USAGE CHARGE
PROPOSED GENERATED RATE PER GENERATED
RATES REVENUE 1000 6. REVENUE
---------------------------------------
$27.03 200,536 $4.43 158,423
$5.54 20,574
$67.58 0 $4.43 0
$5.54 0
$135.15 0 $4.43 0
$5.54 0
$216.24 0 $4.43 0
$5.54 0
$432.48 0 $4.43 0
$5.54 0
$200,536 $178,997
$27.03
3,676
$4.43
I,Bel
$5.54
313
$67.58
0
$4.43
0
$5.54
0
$135.15
0
$4.43
0
$5.54
0
$216.24
0
$4.43
0
$5.54
0
$432.48
6,055
$4.43
8,775
$5.54
2,263
$675.75
0
$4.43
0
$5.54
0
$1,351.50
36,491
$4.43
11,990
$5.54
0
$1,351.50
12,164
$4.43
41,332
-------------
$5.54
0
$58,386
----------
$66,554
$258,922
$245,551
34
-------------
(57)
$258,956
----------
1245,494
is
•
•
10:44 AM
GENERAL DEVELOPMENT
UTILITIES, INC.
08127/86
SEBASTIAN HIGHLANDS
SEWER OPERATION
6855MFR
BASE FACILITY AND USAGE
CHARGE COMPONENTS
FACTORED
ERC'S
FACTORED
GALLONAG
ASSIGNED PERCENTAGE
N0.
5,505
NO.
28,519
CONSTRUCTED
BASE
USAGE
BASE COMPONENT
USAGE COMPONENT
TEST YEAR
ADJUSTMENTS
TEST YEAR
FACILITY
CHARGE
FACILITY
COST
CHARGE
COST
OPERATION EXPENSE
----------------------------------
-----------
----------
--------------------
------------------
I SUPERVISION & LABOR
23,393
813
24,206
100.00I
0.001
24,206
$4.40
0
$0.00
2 OPERATING SUPPLIES & EXPENSE
32,149
190
32,299
0.001
100.001
0
$0.00
32,299
$1.13
3 TRANSPORTATION EXPENSE
1,511
50
1,561
50.001
50.001
781
$0.14
781
$0.03
TOTAL OPERATING EXPENSE
----------
57,013
----------
1,053
-----------
58,066
---------
24,997
---------
14.54
------------------
33,080
$1.16
MAINTENANCE EXPENSE
----------
----------
-----------
---------
---------
--------- ---------
I MAINT. OF BLDG & GROUNDS
1,420
49
1,469
100.001
O.D01
1,469
40.21
0
$0.00
2 MAINT. OF TREATMENT PLANT
EQUIP.
7,172
245
7,417
100.001
0.001
7,417
$1.35
0
$0.00
3 MAINT. OF SEWAGE & COLL.
SYSTEM
559
10
569
100.001
0.001
569
$0.10
0
$0.00
TOTAL MAINTENANCE EXPENSE
----------
9,151
----------
304
-----------
9,455
---------
9,455
---------
$1.72
--------- ---------
0
$0.00
CUSTOMER ACCDUNTING & COLLECTION
EXPENSE
I ACCOUNTING & COLLECTING
3,494
127
3,611
50.001
50.001
1,806
$0.33
1,806
$0.06
b CA
W O t7
2 UNCOLLECTIBLE ACCOUNTS
320
11
331
50.001
50.001
166
$0.03
166
10.01
LQ�3'
----------
----------
-----------
------------------
--------- -----
(1) (D a:
TOTAL CUSTOMER ACCTIN6 & COLLECT'N
EXPENSE
3,804
138
3,942
1,971
$0.36
1,971
$0.07
¢ H
uj
H
GENERAL EXPENSE
O (D �-3
l GENERAL OFFICE SALARIES
2,537
Be
2,625
50.001
50.001
1,313
$0.24
1,313
$0.05
N J
2 GENERAL OFFICE SUPPLIES &
EXP.
433
14
447
50.001
50.001
224
$0.04
224
$0.01
r.
3RENTS
0
0
0
100.001
0.001
0
$0.00
0
P.00
4 OTHER GENERAL EXPENSE
7,685
6,994
14,679
50.001
50.001
7,340
$1.33
7,340
$0.26
TOTAL GENERAL EXFENSE
----------
10,655
----------
7,096
-----------
17,751
------------------
8,876
$1.61
--------- ---------
8,876
$0.31
DEPRECIATION EXPENSE
66,730
(40,065)
26,665
100.001
0.001
26,665
$4.84
0
$0.00
AMORTIZATION EXFENSE
0
0
0
100.001
0.001
0
10.00
0
$0.00
TAXES OTHER THAN INCOME TAX
I GROSS RECEIPTS TAX
0
0
0
58.751
41.251(A)
0
$0.00
0
$0.00
2 FRANCHISE TAX
0
0
0
58.751
41.251(A)
0
$0.00
C.
$0.00
3 PROPERTY TAX
8,227
(4,O81)
4,146
100.001
0.001
4,146
10.75
D
$0.00
4 OTHER TAXES
2,490
----------
0
----------
2,490
-----------
50.001
50.001
1,245
$0.23
1,245
$0.04
TOTAL TAXES OTHER THAN INCOME
10,717
14,081)
6,636
---------
5,391
---------
$0.98
------------------
1,245
$0.04
INCOME TAX EXPENSE
110,174)
73,637
3,463
0.001
100.001
0
$0.00
3,463
$0.12
OPERATING EXPENSE
--- --- -
87,896
- --------
38,081
-----------
125,977
77,344
---------
$14.05
--------- ----
48,634
----
11.71
OPERATING EARNINGS - INTEREST
62,511
(16,329)
46,182
100.001
0.001
46,182
$9.39
0
$0.00
EQUITY EARNINGS
(101,907)
----------
137,904
----------
35,997
-----------
0.001
100.0ox
0
$0.00
35,997
$1.26
TOTAL REVENUE
48,500
159,656
208,156
---------
123,526
---------
122.44
------------------
94,631
$2.97
LESS MISC. OPERATING REVENUE
0
3,0033,003
100.001
0.001
3,003
$0.55
0
$0.00
----------
----------
-----------
TOTAL BILLING REVENUE - RATES
48,500
156,653
205,153
---------
120,523
---------
$21.89
---------
84,631
---------
$2.97
•
SEWER
RESIDENTIAL:
1) 5/8-3/4`
2) 1"
3) 1 1/2'
4) 2"
TOTAL RESIDENTIAL
'o
w
GENERAL SERVICE:
W
0 LI7
1)
518-3N'
meter
x
21
1"
(D
(D
EQUIVALENT RESIDENTIAL CONNECTION LOAD FACTOR
meter
SBG
f {
3)
1 I/2"
5.00
f✓ w
4)
2"
ANNUALIZED METER FACTORED
Fl F -i
5)
3"
O
(D H
6)
4"
t -h
FACTOR
(test year) FACTOR (test year!
-----------------------------------
meter
SBA
N N
71
6"
.P
SBB
0
1.0495
TOTAL GENERAL SERVICE
SEWER RATE REVENUE
IMMATERIAL DIFFERENCE
TOTAL SEWER OPERATION
meter
SBE
29
1.0495
GENERAL DEVELOPMENT UTILITIES, INC.
1.00
30
meter
SBF
SEBASTIAN HIGHLANDS SEWER OPERATION
1.0495
0
2.50
EQUIVALENT RESIDENTIAL CONNECTION LOAD FACTOR
meter
SBG
0
1.0495
PROPOSED RATES AND REVENUE
5.00
0
NUMBER
SBH
ANNUALIZED METER FACTORED
1.0495
0
OF BILLS
GROWTH
1 OF BILLS EQUIVALENT ER.C'S
SBI
5
test year
--------- ---------
FACTOR
(test year) FACTOR (test year!
-----------------------------------
meter
SBA
4,565
1.0495
4,791 1.00 4,791
meter
SBB
0
1.0495
0 1.00 0
meter
SBC
0
1.0495
0 1.00 0
meter
SBD
0
1.0495
0 1.00 0
50.00
128
4,565
4,791 4,791
meter
SBE
29
1.0495
30
1.00
30
meter
SBF
0
1.0495
0
2.50
0
meter
SBG
0
1.0495
0
5.00
0
meter
SBH
0
1.0495
0
B.00
0
meter
SBI
5
1.0495
5
16.00
84
meter
SBJ
0
1.0495
0
25.00
0
meter
SBK
9
1.0495
9
50.00
472
SBK
KNOWN ADDS
3
50.00
128
-----------
43
-----------
48
-----------
714
4,608 4,839 5,505
12W MAX
GALLONS ANNUALIIED
(000) GALLONS FACTORED
Itest year) GALLONS
-------------------- ----------
24,652 25,872 25,812
0 0 0
0 0 0
0 0 0
24,652 25,872 25,B72
GALLONS
(no)
(maximum)
48 50 50
0 0 0
0 0 0
0 0 0
727 763 763
0 0 0
1,411 1,481 1,481
353 353 353
---------- --------- ----------
2,539 2,647 2,647
27,191 28,519 28,519
BASE FACILITY USAGE CHARGE
PROPOSED GENERATED RATE PER 6ENERATED
RATES REVENUE 1000 6. REVENUE
----------------------------------------
121.89 104,872 $2.97 76,839
$21.69 0 $2.97 0
1"'1.89 0 $2.97 0
$21.89 0 $2.97 0
$104,872 $76,839
$21.89
666
12.97
150
$54.73
0
$2.97
0
$109.45
0
12.97
0
$175.12
0
$2.97
0
$350.24
1,838
$2.97
2,266
$547.25
0
$2.97
0
11,094.50
10,33B
$2.97
4,398
$1,094.50
2,796
12.97
1,048
------------
$15,636
----------
$7,862
1120,510 $84,101
13 170)
------------- ----------
$120,523 $84,631
0
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER OPERATIONS
CONSTRUCTED STATEMENT OF OPERATIONS
TWELVE MONTHS ENDED DECEMBER 31, 1985
Col. I
Col. 2
Col. 3 Col. 4
Col. 5
Col. 6
Col. 7
ADJUSTMENTS
CONSTRUCTED
Line
--------------------------------
AS
CONSTRUCTED
STATEMENT OF
No.
1965 TEST YEAR - PROPOSAL
PER BOOKS
FUTURE USE OTHER
ADJUSTED
---------
ADJUSTMENTS
-----------
OPERATIONS
-----------
----
I
------------------------
Operating Revenues
---------
f 74,239
--------
-------------------
f 0 1 4,959
--------- ---------
f 79,198
---------
f 103,297
---------
11 162,495
---------
Operating Expenses:
2
Operation
76,485
0 8,850
67,335
0
87,335
•
I
Maintenance
13,654
0 420
14,082
0
14,082
4
Depreciation
129,788
(38,526) 11,600)
88,654
0
88,654
5
Taxes Other Than Income Taxes
10,116
(2,746) 0
15,370
0
15,370
rd
u)
6
Provision For Income Taxes
(70,105)
0 24,289
(45,8161
22,871
122,945)
--------
wn
--------
--------- ---------
---------
--------
w
xx
M
7
160,938
(41,272) 31,959
159,624
22,011
182,495
1-
H--------
y B
Net Operating Income
194,699)
--------- --------
41,272
---------
180,426)
80,426
O
--------
-- --127,000)
---------
--------
- -----0
M
N
F+
9
Other Expense:
N
10
Interest
679
(679)
O
---------
0
--------
0
--------
--------
679
--------- ---------
0 1679)
0
---------
0
--------
0
--------
11
Net Income
--------
f (94,020)
saaaaaza
--------- ---------
f 41,272 f 127,679)
zazzza.. aaazaaaa.
f (80,426)
.....aria
f 80,426
aazazaaz
f 0
aaazzaaa
•
Col. 1
Line
No. 1985 TEST YEAR - PROPOSAL
---- ------------------------
1 Operating Revenues
Operating Expenses:
2 Operation
3 Maintenance
4 Depreciation
b U) CrJ 5 Taxes Other Than Income Taxes
(D ax 6 Provision For Income Taxes
lb
N � H
O
~ y 7
� N
)—' 8 Net Operating Income
N
9 Other Expense:
10 Interest
11 Net Income
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS SEVER OPERATIONS
CONSTRUCTED STATEMENT OF OPERATIONS
TVELVE MONTHS ENDED DECEMBER 31, 1985
Col. 2 Col. 3 Col. 4 Col. 5
Col. 6
CONSTRUCTED
ADJUSTMENTS
f 52,756
0
0
0
0
3,852
3,852
4B, 904
0
0
f 48,904
Col. 7
CONSTRUCTED
STATEMENT OF
OPERATIONS
f 104,259
77,785
9,428
26,665
6,636
(18,255)
104,259
0
0
0
f 0
U
E J
ADJUSTMENTS
--------------------------------AS
PER BOOKS
---------
FUTURE USE
----------
OTHER
ADJUSTED
f 48,500
--------
f 0 f
---------
---------
3,003
---------
---------
f 51,503
----------
71,411
0
8,313
79,783
9,151
0
211
9,428
66,730
(39,970)
(951
26,665
10,717
14,081)
0
6,636
(46,326)
--------
0
---------
24,219
---------
(22,107)
---------
111,744
(44,051)
32,714
100,407
163,244)
--------
44,051
---------
(29,1111
---------
(46,904)
---------
864
--------
---------
(864)
0
864
--------
0
---------
---------
(864)
---------
---------
0
---------
f (62,380)
f 44,051 f
:a:a=aza=
(30,5751
saes....=
f (48,904)
za=aaamaa
Col. 6
CONSTRUCTED
ADJUSTMENTS
f 52,756
0
0
0
0
3,852
3,852
4B, 904
0
0
f 48,904
Col. 7
CONSTRUCTED
STATEMENT OF
OPERATIONS
f 104,259
77,785
9,428
26,665
6,636
(18,255)
104,259
0
0
0
f 0
U
E J
•
•
GENERAL DEVELOPMENT UTILITIES, INC.
27 -Aug -86
SEBASTIAN
HIGHLANDS NATER
OPERATION
BASE FACILITY
AND USAGE CHARGE COMPONENTS
1985
TEST YEAR -
PROPOSAL
FACTORED
ERC'S
FACTORED
GALLONAGE
ASSIGNED PERCENTAGE
NO.
9,579
NO.
55,427
CONSTRUCTED
VOLUNTARY
RATE BASE
USAGE
BASE COMPONENT
USAGE
COMPONENT
TEST YEAR
---------------------------------
ADJUSTMENTS
TEST YEAR
REDUCTION
PROPOSAL FACILITY
CHARGE
FACILITY
COST
CHARGE COST
OPERATION 6 MAINTENANCE EXPENSE
----------
--------------------
----------
--------------------
-------------------
I SOURCE OF SUPPLY EXPENSES:
Purchased water
0
0
0
0
0.001
100.001
0
$0.00
0
$0.00
Other source of supply exp.
36
1
37
37
100.001
0.001
37
$0.00
0
$0.00
2 PUMPING EXPENSES:
15,735
0
15,735
15,735
0.001
100.001
0
$0.00
15,735
10.28
3 TREATMENT EXPENSES:
47,819
1,648
49,527
49,527
0.001
100.00%
0
$0.00
49,527
$0.89
4 TRANSMISSION 7 DISTRIBUTION EXPENSES:
820
29
849
B49
0.001
100.001
0
$0.00
849
$0.02
5 CUSTOMER ACCOUNTS EXPENSES:
0
$0.00
Meter Reading Labor
3,041
106
3,147
3,147
100.001
0.001
3,147
$0.33
0
$0.00
Other customer account eXp.
7,050
240
7,290
7,290
50.001
50.001
3,645
$0.38
3,645
$0.07
6 ADMINISTRATIVE AND GENERAL EXPENSES:
17,578
---------
7,254
----------
24,832
-----------
24,832
-----------
50.001
50.001
12,416
$1.30
12,416
$0.22
TOTAL OPERATION L MA1NT. EXPENSE
92,139
=========
9,278
=zss=zzz==
101,417
sa=zsass=s=
101,417
---------
19,245
---------
$2.01
---------
82,172
---------
$1.48
DEPRECIATION EXPENSE
128,788
140,1341
88,654
z=zzzz===-a
88,654
100.001
0.001
==sa===ss =====a==z
68,654
19.26
=========
0
=ac===s=z
$0.00
0 X AMORTIZATION EXPENSE
0
0
0
0
100.001
0.001
0
$0.00
0
$0.00
-
---------
S0+ H TAXES OTHER THAN INCOME TAX
N
1 GROSS RECEIPTS TAX
0
0
0
0
64.601
35.401(A)
0
$0.00
0
$0.00
0
lD y 2 FRANCHISE TAX,
493
0
493
493
64.601
35.40%(A)
319
$0.03
175
$0.00
t -h
3 PROPERTY T41
14,187
12,7461
11,441
11,441
100.00%
0.001
11,441
$1.19
0
10.00
N ry 4 OTHER TAXES
3,436
---------
0
----------
3,436
-----------
3,436
-----------
50.001
50.00%
1,718
------------------
$0.18
1,718
---------
$0.03
---------
TOTAL TAXES OTHER THAN INCOME
18,116
(2,7461
15,370
15,370
13,477
$1.41
1,893
$0.03
INCOME TAX EXPENSE
(110,509)
164,920
46,411
69,356
122,9451
0.001
100.001
0
10.00
(22,945)
30.411
OPERATING EXPENSE
120,534
131,317
251,851
69,356
102,496
121,376
$12.67
61,120
11.10
OPERATING EARNIN65 - INTEREST
127,952
19,528
147,480
147,460
0
100.00%
0.001
0
$0.00
0
$0.00
EQUITY EARNINGS
(174,247)
289,201
114,954
114,954
0
0.001
100.001
0
$0.00
0
$0.00
TOTAL REVENUE
---------
74,239
----------
440,046
-----------
514,265
----------
331,789
-----------
182,496
--------- ---------
121,376
$12.67
---------
61,120
---------
$1.10
LESS MISC, OPERATING REVENUE
4,876
4,959
9,835
9,835
100.00%
0.00%
9,835
$1.03
0
$0.00
TOTAL BILLING REVENUE - RATES
---------
69,363
----------
435,087
-----------
504,450
----------
331,789
-----------
172,661
--------- ---------
111,541
$11.64
---------
61,120
---------
$1.10
(A)
Same
percentage ratio as revenue
produced
•
•
1985 TEST YEAR, - PROPOSAL
SEWER
RESIDENTIAL:
1) 5/8-3/4'
2) L'
3) 1 112"
4) 2"
TOTAL RESIDENTIAL
rd Tn n GENERAL SERVICE:
W
n x
1)
5/8-3!4"
GENERAL DEVELOPMENT UTILITIES, INC.
1.00
21
1'
()
O H
1.0495
0
2.50
a by
3)
1 1/2'
-P
G H
4)
2'
0
1-3
5)
3"
O
0
OF BILLS
GROWTH
H)
N
6)
4'
FACTOR
tJ
7)
6'
.P
1.0495
4,791 1.00 4,791
meter
TOTAL GENERAL SERVICE
SEWER RATE REVENUE
IMMATERIAL DIFFERENCE
TOTAL SEWER OFERATIDN
meter
SBE
29
1.0495
GENERAL DEVELOPMENT UTILITIES, INC.
1.00
30
meter
SBF
SEBASTIAN HIGHLANDS SEWER OPERATION
1.0495
0
2.50
EQUIVALENT RESIDENTIAL CONNECTION LOAD FACTOR
meter
586
0
1.0495
PROPOSED RATES AND REVENUE
5.00
0
NUMBER
SBH
ANNUALIZED METER FACTORED
1.0495
0
OF BILLS
GROWTH
4 OF BILLS EQUIVALENT ERC'S
SBI
5
test year
--------- ---------
FACTOR
(test year) FACTOR (test year)
-----------------------------------
meter
SBA
4,565
1.0495
4,791 1.00 4,791
meter
SBB
0
1.0495
0 1.00 0
meter
SBC
0
1.0495
0 1.00 0
meter
SBD
0
1.0495
0 1.00 0
50.00
128
4,565
zzz zz z.zazz
4,791 4,791
oaea.eca__c .a.aaa.aaaa
meter
SBE
29
1.0495
30
1.00
30
meter
SBF
0
1.0495
0
2.50
0
meter
586
0
1.0495
0
5.00
0
meter
SBH
0
1.0495
0
8.00
0
meter
SBI
5
1.0495
5
16.00
84
meter
SBJ
0
1.0495
0
25.00
0
meter
SBK
9
1.0495
9
50.00
471
SBK.
KNOWN ADDS
3
50.00
128
-----------
43
-----------
4B
-----------
714
4,608 4,839 5,505
-zz=zzz zzzs az.a__a__az _zaza zzzzzz
l2k MAIL
GALLONS ANNUALIIED
(000) GALLONS FACTORED
Itest year) GALLONS
----------- --------- ----------
24,562 25,777 25,777
0 0 0
0 0 0
0 0 0
24,562 25,777 25,777
zzz_azzzazz aszaaaazz :a az:.as.a
GALLONS
(no)
(maximum)
48 50 50
0 0 0
0 0 0
0 0 0
727 763 763
0 0 0
1,411 1,481 1,481
353 353 353
---------- --------- ----------
2,539 2,647 2,647
27,101 28,424 28,424
_aaaaaa:aa aaaaaa:aa a_�..aa.aa
BASE FACILITY USAGE CHARGE
PROPOSED GENERATED RATE PER GENERATED
RATES REVENUE 1000 G. REVENUE
----------------------------------------
313.50 64,677 10.95 24,488
113.50 0 10.95 0
113.50 0 10.95 0
113.50 0 10.95 0
164,677 124,488
113.50
411
10.95
48
133.75
0
10.95
0
167.50
0
10.95
0
1108.00
0
10.95
0
1216.00
1,133
10.95
725
1331.50
0
10.95
0
1675.00
6,376
10.95
1,407
1675.00
1,724
10.95
335
------------
$9,644
----------
12,515
114,321 127,003
19 (81)
------------- ----------
174,340 126,916
0
0
pv Cn
w n
m cD
N s; l7d
N H
O (D �-3
M
N N
BASE FACILITY USAGE CHARGE
PROPOSED GENERATED RATE PER GENERATEO
RATES REVENUE 1000 G. REVENUE
---------------------------------------
$11.64 86,357 11.10 39,339
11.38 5,125
$29.10 0 $1.10 0
$1.38 0
$58.20 0 $1.10 0
11.38 0
$93.12 0 $1.10 0
11.38 0
$186.24 0 $1.10 0
$1.38 0
----------------------
sB6,357 144,463
$11.64 1,583 $1.10 467
11.38 78
$29.10 0 11.10 0
41.38 0
$58.20 0 $1.10 0
$1.38 0
$93.12 0 $1.10 0
11.38 0
$186.24 2,601 11.10 2,179
$1.39 564
1291.00 0 $1.10 0
11.38 0
$582.00 15,714 $1.10 2,977
11.38 0
$582.00 5,238 $1.10 10,263
$1.39 0
------------- ----------
$25,142 $16,528
$111,499 $60,991
42 129
------------- ----------
$111,541 $61,120
•
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS
WATER OPERATION
EQUIVALENT RESIDENTIAL CONNECTION LOAD FACTOR
PROPOSED
RATES AND REVENUE
1995 TEST YEAR - PROPOSAL
NUMBER
ANNUALIZED
METER FACTORED
USAGE
GALLONS
ANNUALIIED
FACTORED
OF BILLS
GROWTH
I OF BILLS
EDUIVALENT ERC'S
LEVEL
(000)
GALLONS
GALLONS
WATER
test year
---------
FACTOR
---------
(test year)
FACTOR (test year)
(test year)
(000)
RESIDENTIAL:
----------
---------- ----------
---------
----------
---------
----------
1) 518-314•
Peter
NBA
6,431
1.1537
7,419
1.00 7,419
10000
30,997
35,761
35,761
+10000
3,219
3,714
4,642
2> !'
Peter
WBB
0
1.1537
0
2.50 0
25000
0
0
0
+25000
0
0
0
3) 1 I!2"
meter
MBC
0
1.1537
0
5.00 0
50000
0
0
0
+50000
0
0
0
4) 2"
meter
WBD
0
1.1537
0
8.00 0
80000
0
0
0
+80000
0
0
0
5) 3"
meter
0
1.1537
0
16.00 0
160000
0
0
0
-----------
+160000
0
0
0
TOTAL RESIDENTIAL
6,431
t.=,xxxt=„
-----------
7,419
,tt,xxxttxt
-----------
7,419
t=txxx„t=,
----------
34,216
ttxxxtxt,x
---------
39,475
xxxtttttx
----------
40,404
x=,xttttxx
GENERAL SERVICE:
1) 518-3/4"
meter
MBE
118
1.1537
136
1.00 136
10000
368
425
425
+10000
49
57
71
2) 1'
meter
WBF
0
1.1537
0
2.50 0
25000
0
0
0
+25000
0
0
0
3) l 1/2"
meter
WBG
0
1.1537
0
5.00 0
50000
0
0
0
+50000
0
0
0
4) 2-
meter
WBH
0
1.1537
0
8.00 0
80000
0
0
0
+80000
0
0
0
5) 3'
meter
WBl
12
1.1537
14
16.00 224
160000
1,717
1,981
1,981
+160000
354
408
511
6) 4'
meter
WBJ
0
1.1537
0
25.00 0
250000
0
0
0
+250000
0
0
0
7) 6'
meter
WBK
23
1.1537
27
50.00 1,350
500000
2,346
2,707
2,707
+500000
0
0
0
6"
meter
WOK
KNOWN ADDS
9
50.00 450
500000
9,330
9,330
9,330
-----------
+500000
0
0
0
TOTAL GENERAL SERVICE
153
-----------
186
-----------
2,160
----------
14,164
---------
14,907
----------
15,023
WATER RATE REVENUE
IMMATERIAL DIFFERENCE
TOTAL WATER OPERATION
6,584
7,605
9,579
48,380
54,382
55,427
BASE FACILITY USAGE CHARGE
PROPOSED GENERATED RATE PER GENERATEO
RATES REVENUE 1000 G. REVENUE
---------------------------------------
$11.64 86,357 11.10 39,339
11.38 5,125
$29.10 0 $1.10 0
$1.38 0
$58.20 0 $1.10 0
11.38 0
$93.12 0 $1.10 0
11.38 0
$186.24 0 $1.10 0
$1.38 0
----------------------
sB6,357 144,463
$11.64 1,583 $1.10 467
11.38 78
$29.10 0 11.10 0
41.38 0
$58.20 0 $1.10 0
$1.38 0
$93.12 0 $1.10 0
11.38 0
$186.24 2,601 11.10 2,179
$1.39 564
1291.00 0 $1.10 0
11.38 0
$582.00 15,714 $1.10 2,977
11.38 0
$582.00 5,238 $1.10 10,263
$1.39 0
------------- ----------
$25,142 $16,528
$111,499 $60,991
42 129
------------- ----------
$111,541 $61,120
•
OPERATION EXPENSE
1 SUPERVISION & LABOR
2 OPERATING SUPPLIES & EXPENSE
3 TRANSPORTATION EXPENSE
TOTAL OPERATING EXPENSE
MAINTENANCE EXPENSE
I MAINT. OF BLDG & GROUNDS
2 MAINT. OF TREATMENT PLANT EQUIP.
3 MAINT. OF SEWAGE & COLL. SYSTEM
TOTAL MAINTENANCE EXPENSE
CUSTOMER ACCOUNTING & COLLECTION EXPENSE
I ACCOUNTING & COLLECTING
ro CA M 2 UNCOLLECTIBLE ACCOUNTS
IL n X
�q �r x TOTAL CUSTOMER ACCTING & COLLECT'N EXPENSE
(D (D H
GENERAL EXPENSE
F- y 1 GENERAL OFFICE SALARIES
O (D 2 GENERAL OFFICE SUPPLIES & ENP.
�' [v 3 RENTS
tv 4 OTHER, GENERAL EXPENSE
TOTAL GENERAL EXPENSE
DEPRECIATION EXPENSE
AMORTIZATION EXPENSE
TAXES OTHER THAN INCOME TAX
I GROSS RECEIPTS TAX
2 FRANCHISE TAX
3 PROPERTY TAI
4 OTHER TAXES
TOTAL TAXES OTHER THAN INCOME
INCOME TAX EXPENSE
OPERATING EXPENSE
OPERATING EARNINGS - INTEREST
EQUITY EARNINGS
TOTAL REVENUE
LESS MISC. OPERATING REVENUE
TOTAL BILLING REVENUE - RATES
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS SEWER OPERATION
BASE FACILITY AND USAGE CHARGE COMPONENTS
1985 TEST YEAR - PROPOSAL
CONSTRUCTED
TEST YEAR ADJUSTMENTS TEST YEAR
---------------------------------
23,393 913 24,206
32,109 190 32,299
1,511 50 1,561
57,013 1,053 58,066
ASSIGNED PERCENTAGE
VOLUNTARY RATE BASE USAGE
REDUCTION PROPOSAL FACILITY CHARGE
---------- --------- ----------- ----------
24,106 100.001 0.001
32,299 0.00% 100.001
1,561 50.00% 50.001
5B4O66
27 -Aug -06
FACTORED ERC'S FACTORED GALLONAGE
NO. 5,505 NO. 28,424
BASE COMPONENT USAGE COMPONENT
FACILITY COST CHARGE COST
-------------------- --------- ---------
24,206 14.40 0 $0.00
0 $0.00 32,299 $1.14
781 10.14 781 $0.03
24,987 $4.54 33,090 $1.16
1,420
49
1,469
1,469
100.001
0.001
1,469
$0.27
0
$0.00
7,172
245
7,417
7,417
100.001
0.001
7,417
11.35
0
$0.00
559
---------
10
------ ---
569
-----------
569
100.001
0.001
569
$0.10
$0_00
•
9,151
304
9,455
-
9,455
----
9,455
$1.72
-0
0
- -
$0.00
3,484
127
3,611
3,611
50.00%
50.003
1,806
$0.33
1,806
$0.06
320
11
331
331
50.001
50.001
166
10.03
166
$0.01
3,804
====c===-
-
138
====a===O=
3,942
___________
-----------
3,942
_________:_
---------
1,971
_________
---------
$0.36
______===
---------
---------
1,971
===e==ev=
---------
$0.07
---------
---------
L2,537
Be
2,615
2,625
50.001
50.001
1,313
10.24
1,313
$0.05
433
14
447
447
50.00I
50.001
224
10.04
224
10.01
0
0
0
0
100.001
0.001
0
10.00
0
$0.00
7,685
---------
6,994
----------
14,679
-----------
14,679
-----------
50.001
50.001
7,340
11.33
7,340
$0.26
10,655
7,096
17,751
17,751
---------
8,876
---------
$1.61
---------
B,876
---------
$0.31
66,730
140,065)
26,665
26,665
100.00%
0.001
-_----_-=
26,665
---------
$4.84
--------=
0
_--------
$0.00
0
0
0
0
100.001
0.001
---------
0
---------
$0.00
---------
0
---------
$0.00
-------- --
---- -
0
0
0
0
73.421
26.5BI(A)
0
$0.00
0
10.00
0
0
0
0
73.42I
26.581(AI
0
$0.00
0
$0.00
8,227
(4,081)
4,146
4,146
100.00%
0.001
4,146
$0.75
0
10.00
2,490
---------
0
----------
2,490
-----------
2,490
50.001
50.00%
1,245
$0.23
1,245
$0.04
10,717
(4,0811
6,636
-----------
6,636
---------
5,391
---------
$0.96
---------
1,245
---------
$0.04
(70,174)
73,637
3,463
21,718
---------
118,2551
0.00%
100.001
---------
0
---------
$0.00
--- ----- ---------
(1B,2551
30.64)
B7,896
36,081
125,977
21,718
104,258
77,344
114.05
26,916
10.95
62,511
(16,3291
46,182
46,182
D
IDO.003
0.00%
0
10.00
0
10.0
(101,907)
---------
137,904
----------
35,997
-----------
35,997
0
0.001
100.001
0
$0.00
0
$0.00
48,500
159,656
208,156
----------
103,B9B
-----------
104,258
---------
77,344
---------
114.05
--------- ---------
26,716
$0.95
0
---------
3,003
----------
3,003
-----------
----------
3,003
-----------
100.00%
0.00%
3,003
$0.55
0
$0.00
4-,500
156,653
205,153
103,898
101,255
---------
74,340
---------
$13.50
---------
26,916
---------
10.95
10:23 AM
Col. 6
Col. 7
GENERAL DEVELOPMENT UTILITIES, INC.
08127!86
RATE BASE
BALANCE
SEBASTIAN HIGHLANDS NATER OPERATIONS
6955MFR
DEC. 31
REVENUE
RATE BASE, NET OPERATING INCOME
AND RATE OF RETURN
ADJUSTMENT
REVENUES
---------
f 2,876,353
TWELVE MONTHS ENDED DECEMBER 31, 1985
---------
f 2,076,353
Col. 1
Col. 2
Col. 3
Col. 4
313,726
BALANCE
502,092
36,895
PER BOOKS
ADJUSTMENTS
Line
381
DEC. 31
---------------------------------
0
No.
RATE BASE
1985
FUTURE USE
OTHER
----------
----
1
-----------------
Utility Plant in Service
---------
f 4,241,230
----------
f (1,332,4421 f
(32,4351
2
Construction Work in Progress
462,542
0
1462,542)
3
Less:Accusulated Depreciation
450,892
(104,7311
(32,435)
4
?ess:Contrib-In-Aid of Constr.
502,092
0
0
5
Accumulated Depreciation - CIAC
36,895
0
0
6
Working Capital
11,517
0
1,160
7
Materials and Supplies
3B1
0
0
B
Less:Tar. Lag
0
0
0
9
Less:Customer Advances
90,212
0
-----------
0
10
Total Rate Base
--------
1 3,709,369
----------
f (1,227,7111 f
(461,382)
11
Net Operating Income
S (46,295)
f 41,272 $
(19,9081
12
Pate of Return
-1.25%
Exhibit 3 Schedule 1
Page 1 of 5
Col. 5
Col. 6
Col. 7
ADJUSTED
RATE BASE
BALANCE
REQUESTED
AT
DEC. 31
REVENUE
REQUESTED
1985
ADJUSTMENT
REVENUES
---------
f 2,876,353
----------
S
---------
f 2,076,353
0
0
313,726
313,726
502,092
502,092
36,895
36,895
12,677
12,677
381
381
0
0
90,212
---------
---------
90,212
---------
1 2,020,275
f 0
f 2,020,275
1 (24,930)
f 287,364
f 262,434
-1.23%
12.991
0
is
10:23 AM
08/27/86
695SAFR
Col. 1 Col. 2
BALANCE
PER BOOKS
Line DEC. 31
No. RATE BASE 1985
1 Utility Plant in Service f 2,468,218
2 Construction Work in Progress 115,229
3 Less:Accuoulated Depreciation 331,488
4 Less:Contrib-In-Aid of Constr. 482,842
5 Accumulated Depreciation - CIAC 48,316
6 Working Capital 10,078
7 Materials and Supplies 60
8 Less:Tax Lag 0
9 Less:Custoser Advances 0
10 Total Rate Base f 1,827,571
II Net Operating Income f (39,396)
12 Rate of Return -2.162
Exhibit 3 Schedule 1
Page 2 of 5
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS SEWER OPERATIONS
RATE BASE, NET OPERATING INCOME AND RATE OF RETURN
TWELVE MONTHS ENDED DECEMBER 31, 1985
Col. 3 Cal. 4 Col. 5
ADJUSTED
BALANCE
DEC. 31
1985
f 1,224,828
0
168,878
482,842
46,316
11,152
60
0
0
S 632,636
ADJUSTMENTS
---------------------------------
FUTURE USE OTHER
f (1,240,5231 f (2,867)
0 (115,229)
(159,743) (2,867)
0 0
0 0
0 1,074
0 0
0 0
0 0
f (1,080,780) f 1114,155)
f 44,051 f (36,180)
t (31,5251
-4.98%
Col. 6
Col. 7
RATE BASE
REDUESTED
AT
REVENUE
REBUESTED
ADJUSTMENT
REVENUES
----------
f
---------
f 1,224,828
0
168,878
482,B42
48,316
11,152
60
0
0
---------
f 0
---------
f 632,636
f 113,704 f 81,179
12.99%
•
0
•
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER AND SEWER OPERATIONS
YEAR ENDED DECEMBER 31, 1985
NOTES TO RATE BASE ADJUSTMENTS
Line
No. Col. I Col. 2 Col. 3
FUTURE USE
----------------------------------
NATER SEWER
I UTILITY PLANT IN SERVICE:
------------------------
2 A. Adjustment to reduce adjusted plant by that portion
considered held for future use. See Used and Useful
Analysis for Test Year 1985.
3 B. Adjustment to reduce plant by that portion retired
by test year-end but not yet removed from the books.
4 TOTAL UTILITY PLANT 1.4 SERVICE ADJUSTMENTS
5 CONSTRUCTION WORK IN PROGRESS
-----------------------------
6 A. Adjustment to remove Construction
Work in Progress from rate base.
7 TOTAL CONSTRUCTION WORK. IN PROGRESS ADJUSTMENTS
Exhibit 3 Schedule I
Page 3 of 5
S 11,332,4421 f (1,240,523)
Col. 4 Col. 5
OTHER
-----------------------------
NATER SEWER
----------- -------
f (32,435) f (2,8671
-------------------- ---------- ----------
f (1,332,442) f (1,240,523) f (32,435) f (2,8671
f (462,542)
f (462,542)
f (115,229)
f (115,2291
•
11
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER AND SEWER OPERATIONS
YEAR ENDED DECEMBER 31, 1985
NOTES TO RATE BASE ADJUSTMENTS
Line
No. Col. i Col. 2 Col. 3 Cot. 4
FUTURE USE OTHER
NATER SEWER NATER
----------- ----------- -----------
I ACCUMULATED DEPRECIATION;
------------------------
2 A. Adjustment to accumulated depreciation an that portion
of plant considered held for future use. f 1104,731) t (159,743)
3 B. Adjustment to reduce accumulated depreciation by that
portion of plant retired by test year-end but not yet
removed from the books (See UPIS Adjustment B), 1 (32,435)
4 TOTAL ACCUMULATED DEPRECIATION ADJUSTMENTS f (104,731) f (159,743) t (32,435)
Exhibit 3 Schedule I
Page 4 of 5
Col. 5
SEWER
f (2,867)
f (2,867)
•
10
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER AND SEWER OPERATIONS
YEAR ENDED DECEMBER 31, 1905
NOTES TO RATE BASE ADJUSTMENTS
Line
No.
Cal. 1
Col. 2 Col. 3 Col. 4 Col. 5
FUTURE USE OTHER
---------------------------------- -------------------------------
MATER SEWER NATER SEWER
----------- ----------- ----------- ----------
I
WORKING CAPITAL:
2
------------------------
A. Adjustment to Working Capital due
to Adjustments on
Exhibit 2 Schedule 1, Pages 3 and
4 o4 B.
Nater Sewer
3
---------
0 6 M Adjustments f
---------
9,279 9,590
4
Working Capital Percent X
---------
12.51 X 12.51
--------
5
Adjustment to Working Capital
f 1,160 f 1,074
Exhibit
3 Schedule 1
Page 5
of 5
10
10'23 AM GENERAL DEVELOPMENT UTILITIES, INC.
08121rB6 SEBASTIAN HIGHLANDS NATER AND SEWER OPERATIONS
685SNFR COST OF CAPITAL COMPUTATION
AS OF DECEMBER 31, 1985
Col. 1 Col. 2 Col. 3 Col. 4
Line
No.
----
CLASS OF CAPITAL
----------------
AMOUNT
---------
RATIO
--------
COST
--------
1
Long Term Debt
f 1,564,612
58.981
12.211
2
Customer Deposits
21,132
0.801
8.001
3
Common Stock Equity
626,108
23.601
14.951
4
Accumulated Deferred 1.T.C.
441,060
16.621
12.991
5
Total Capital'
---------
f 2,652,911
==_==_._=
--------
100.001
=____===
Exhibit 4 Schedule I
Col. 5
WEIGHTED
COST OF
CAPITAL
?.241
0.061
3.531
2.161
12.991
==:=
9
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS NATER, AND SEWER OPERATIONS
COST OF CAFITAL COMPUTATION
AS OF DECEMBER 31, 1985
Line
ND. Col. I Col. 2 Cal, 3
I UTILITY COMMON STOCY. EQUITY COMPONENTS:
--------------------------------------
2 Total Funding provided by General Development Corporation
3 Sources of Funding through General Development Corporation;
4 Percent
5 Long Term Debt 71.421
6 Preferred Stock 0.001
Common Stock Equity 28.581
8 Accumulated Deferred Income Taxes 0.001
100.001
Exhibit 4 Schedule 2
Amount
f 1,564,612
0
626,108
0
Y 2,190,719
Col. 4
! 2,190,719
0
NOTE: Only that capital which is a potential source of funding to GDU-Sebastian Highlands is included above.
Exhibit 4 Schedule 3
GENERAL DEVELDFMENT UTILITIES, INC.
GENERAL DEVELOPMENT CORPORATION
CLASS
OF CAPITAL, RATIOS, AND COST RATES
AS OF DECEMBER 31, 1985
Col. I
Col. 2
Col. 3
Col. 4 Cul. 5 Col. 6 Col. 7
PRO
WEIGHTED
Line
EFFECTIVE
FORMA
AS COST OF COST OF
No.
CLASS OF CAPITAL
AMOUNT
---------
ADJUST.
----------
ADJUSTED RATIO DEBT DEBT
---------------------------------------
----
1
----------------
Long Ter& Debt:
(000)
2
Florida Ridge Utility
3 1568
(568)
0 O.00X 0.001 0.001
3
EDU Utility Debt
35,739
0
35,739 B351 6.841 0.611
4
Anrep Notes l and 2
10,186
110,1861
0 O.00X 0.00% 0.00%
5
Commercial Mortgages
1,862
(1,B621
0 0.001 0.00% 0.00%
•
6
Purchase Money Mortgages
75
(75)
0 0.00X 0.001 0.00%
7
Anrep Southeast SSSCC
940
18401
0 0.001 0.001 O.00X
B
Capital Leases
5,619
(5,6191
0 0.001 0.00% O.00X
9
Utility Mortgage
10,000
110,0001
0 0.00% 0.001 0.001
10
Buyback Notes
213
12131
0 0.00% 0.001 0.001
11
Citibank Match Funded Facility
20,000
0
20,000 4.951 9.23% 0.46%
12
1985 GDC Debenture
149,961
0
I4B,981 36.88X 14.98% 5.521
13
1985 GOC Revolver
B3,80O
--------
0
----------
83,900 20.14% 10.501 2.IBX
------------------ -------- -------
11
Total Long Tera Debt
317,BB3
129,3631
288,520 71.421 12.271 8.767.
------- -------
12
Preferred Stock
0
0
------- -------
0 0.001
13
Common Stock
115,437
0
115,437 28.591
14
Accumulated Deferred Intone Taxes
0
--------
0
---------
0 0.001
--------- ----------
15
Total
$ -433,320
--129,3631
-=403,957 ====100-001
•
NOTE: Only that capital which is a potential source of funding to GDU-Sebastian Highlands is included above.
Exhibit 4 Schedule 3
10:10 AM GENERAL DEVELOPMENT UTILITIES, INC.
06/21/66 SEBASTIAN HIGHLANDS RATE CASE
6956MFR 1985 TEST YEAR
CALCULATION OF REFUNDABLE DEPOSITS
---------------------NATER------------------ ---------------------SEWER--------------
AVERAGE 3 MONTHS AMT OF CURRENT AVERAGE 3 MONTHS AMT OF CURRENT
USE AVG. BILL DEPOSIT DEPOSIT USE AVG. BILL DEPOSIT DEPOSIT
RESIDENTIAL:
1) 5/8-314' meter 5,321 1147.54 $150.00 $30.00
2) 1" and above - Three months estimated billings.
GENERAL SERVICE:
1) 5/9-3/4' meter 3,537 1134.25 $130.00 $50.00
2) 1' and above - Three months estimated billings.
110 Lr)
an M
wax
(D(D x
p- H
F- := Iz
N H
O
t -h
V7
----------------------------------------
RESIDENTIAL:
11 5/8-3/4' meter 5,400 $110.22 1110.00 $30.00
2) 1' and above - Three ionths estimated billings.
GENERAL SERVICE:
11 5/8-3/4' meter 1,655 $83.49 180.00 $50.00
2) 1' and above - Three months estimated billings.
•
•
•
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS RATE CASE
RECONNECTION CHARGES
Cost Justification
As of 7/1/86
Charge Charge
During Regular After Regular
Business hours Business Hours
Initial Connection:
Cust. Ser. Rep.
15 min.
@ $8.27/hr. _
$ 2.068
$ 2.068
Service Tech
30 min.
@ $8.76/hr =
4.380
6.570
Subtotal
6.448
8.638
Benefits
377/287
=
2.386
2.418
Total labor
8.834
11.056
Vehicle Use
30 min.
@ $2.55/hr. =
1.275
1.275
TOTAL CHARGE
$10.109 use $10.00
$12.331 use $12.50
Normal Reconnection:
Cust. Ser. Rep.
30 min.
@ $8.27/hr. _
$ 4.135
$ 4.135
Service Tech.
60 min.
@ $8.76/hr. =
8.760
1.314
Subtotal
12.895
17.275
Benefits
377/28%
=
4.770
4.837
Total Labor
17.665
22.112
Vehicle Use
60 min.
@ $2.55/hr. =
2.550
2.550
TOTAL CHARGE
20.215 use $20.00
$24.662 use $24.50
Violation Reconnection:
(same as Normal Reconnection above)
Premise Visit Charge:
Not applicable
Note: A request for approval of miscellaneous service charges must be accompanied by
supporting cost justification which clearly reflects the costs incurred in provision of
the particular miscellaneous service and the requested charges are reasonable fees as
required by our rules.
(See attached schedule)
EXHIBIT 5
Schedule 1
Page 2 of 3
0 •
MISCELLANEOUS SERVICE CHARGES - COST JUSTIFICATION SEBASTIAN HIGHLANDS
Initial Connection:
An initial connection (turn -on) of a customer involves determination that a turn -on
can be made, preparation of a Service Work Order, driving to customer's home, turn
valve to permit flow of water, returning to Utility office with completed Service
Work Order.
Cust. Ser. Rep. = 15 mins. @ $8.27/hour (plus benefits)
Serv. Tech. = 30 mins. @ $8.76/hour (plus benefits)
Vehicle Use = 30 mins. @ $2.55/hour
Normal Reconnection and Violation Reconnection:
A reconnection by definition requires that the service first be turned off, and then
turned on again. The procedure includes a determination that a turn-off and turn -on
be made, preparation of a Service Work Order to both turn-off and turn -on, driving to
the customer's home once, each for turn-off and turn -on, turning off valve and
turning on again, and returning to the Utility Office with completed Service Work
Orders.
Cust Ser. Rep. _
Serv. Tech. _
Vehicle Use =
Benefit Calculations:
30 mins. @ $8.27/hour
60 mins. @ $8.76/hour
60 mins. @ $2.55/hour
a.
FICA
.0715
b.
Unemployment Insurance
.0170
C.
Payroll Insurance
.0726
d.
Group Insurance
.1069
e.
Pension Plan
.0128
.2808 use 28%
f.
Holidays
.0346
g.
Vacation
.0385
h.
Illness
.014
.3679 use 37%
Equipment (Vehicle) Calculations:
a. Depreciation
$8,000 vehicle - year life
$2,000 annual depreciation
$2,000 r 2080 hours = $0.96/hour
b. Operation Expense
$3,300 per vehicle per year
$3,300 t 2080 hours = $1.59/hour
Total vehicle cost
2.55/hour
EXHIBIT 5
Schedule 1
Page 3 of 3
(plus benefits)
(plus benefits)
S. L. Stinson
8-25-86
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS RATE CASE
1485 TEST YEAR - PROPOSAL
CALCULATIDN OF REFUNDABLE DEPOSITS
---------------------WATER------------------
AVERAGE 3 MONTHS AMOUNT OF CURRENT
USE AVG. BILLIN DEPOSIT DEPOSIT
-------- ----------------------------------
RESIDENTIAL:
1) 5/8-3/4" meter 5,321
1) 1' and above - Three months estimated billings.
GENERAL SERVICE:
1) 5/8-3/4' meter 3,531
2) 1" and above - Three months estimated billings..
In Cr]
n x
�x
(D H
� tb
G H
N H
(D
Ln
N �
$51.42 $50.00 130.00
$48.12 150.00 $50.00
---------------------SEWER--------------
AVERAGE 3 MONTHS AMOUNT OF CURRENT
USE AVG. BILL1 DEPOSIT DEPOSIT
-------- ------------------------------
RESIDENTIAL:
11 5/8-314' meter 5,381 154.75 $50.00 130.00
2) 1" and above - Three months estimated billings.
GENERAL SERVICE:
II 5/8-3/4" meter 1,655 $46.20 $50.00 $50.00
2) 1' and above - Three months estimated billings.
Ll
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS RATE CASE
1985 TEST YEAR
USED AND USEFUL ANALYSIS
EXHIBIT 6
Page 1 of 17
0
INTRODUCTION
0
The purpose of this analysis is to identify the portion of
the cost of the utility systems which should be considered
"Used and Useful" and includable in rate base. The balance of
the cost is considered plant held for "Future Use", which is
excluded from rate base. Since the used and useful portion is
included in rate base, it represents a revenue requirement
component for which recovery is provided through the general
rates.
METHODOLOGY
The first step of the used and useful analysis was to
establish the total cost of the utility system which would be
allocated between used and useful and future use. On the basis
of an analysis of the Company's books and records, as well as
an inspection of the water and sewer systems, the cost of each
utility system for the test year ended December 31, 1985 was
adjusted to reflect appropriate reclassifications and retire-
ments. The total costs of the respective treatment plants are
consistent with the rated capacities which are used to calcu-
late the used and useful allocations. The retirements reflect
the cost of all plant which was not in service. Historical and
current operating data was examined along with the operational
characteristics of the water and sewer systems, including:
average and maximum demands, fire flow requirements, lost and
unaccounted-for water, customer growth (for margin of reserve
EXHIBIT 6
Page 2 of 17
0 0
calculations), customer density and system capacities. The
interrelationship of the demand, capacity and growth data formed
the basis for the allocation factors used to apportion the ad-
justed plant costs. Where necessary, separate analyses were
performed for specific facilities.
SUMMARY OF RESULTS
The categories of the utility systems subject to alloca-
tion between Used and Useful and Future Use are: water production
and treatment plant, transmission and distribution mains, sewage
treatment plant, and collecting system. Of the adjusted cost
of $4,241,230 for the water system, the total adjustment for
future use is $1,332,442 (31.4%). Of the adjusted cost of
$2,468,218 for the sewer system, the future use adjustment is
$1,240,523 (50.30).
A detailed summary by plant account is set forth on
Schedule B for water and on Schedule G for sewer. These
schedules show the cost as of December 31, 1985, by plant
account and the adjustments for retirements and future use.
The water system also shows future use for "direct" amounts,
which represent specific items of plant which have been taken
out of service but held for use again in the future as demands
require. These specific items are considered 100% future use.
EXHIBIT 6
Page 3 of 17
0 •
WATER PRODUCTION AND TREATMENT
Schedule B contains the used and useful allocation of the
new treatment plant, by primary plant account. The source of
supply structures, wells and land are considered 100% used
and useful since they would be no less costly to serve only the
existing customers.
The other accounts are considered 78.6% used and useful,
as calculated on Schedule C. The used and useful percentage
is the ratio of the maximum day demand (adjusted for equivalent
residential customers and a reserve margin) to the capacity of
the system. The maximum day occurred on September 13, 1984,
equating to a maximum day of 2.72 times the average day.
Applying the ratio of the maximum/average day to the average
day of 239 gallons per ERC produces a maximum day demand of
650 GPD, or 442,650 gallons for the 681 ERCs. Applying the
reserve margin brings the maximum day to 526,311 GPD, which is
78.6% of the 670,000 GPD capacity of the treatment plant.
WATER MAINS
The allocation of transmission and distribution mains is
set forth on Schedule D. In general, the transmission mains
are considered 100% used and useful because they are necessary
to meet demands throughout the system. There is, however, an
exception which relates to the major transmission line in-
stalled some 25,180 feet along Barber Street, Fellsmere
Highway and Wimbrow Drive (referred to as the "BFW Extension").
EXHIBIT 6
Page 4 of 17
Special treatment was afforded that line so that instead of
being considered 100% used and useful, as all other trans-
mission lines, the used and useful percentage is calculated
on the basis of the estimated cost of the minimum size main
(8" diameter) that would be necessary to simply bring water
to the areas served by that extension. The calculation is set
forth on Schedule E.
The calculation of the used and useful percentage for the
distribution system is based on a density analysis of lots con-
nected to the system and total lots on line (fronting main).
The density analysis is based on a specific count of lots, with
an allowance for lots within 500 feet of hydrants.
Schedule F sets forth the reserve margin for water, which
represents an allowance for capacity which must be available
to meet short term growth -- and to continually provide safe
and adequate service to all customers. The average growth
rate is based on data from 1982 through 1985. A factor of
1.5 is applied to the average annual growth rate to allow for
a reasonable construction and lag period.
SEWAGE TREATMENT PLANT
The used and useful allocation of the sewage treatment
plant, by primary plant account, is set forth on Schedule H,
and the calculation of the used and useful percentage is set
forth on Schedule I. The used and useful percentage is the
ratio of the maximum month demand (the demand sewage treat-
ment plants are designed to meet) to the capacity of the
EXHIBIT 6
Page 5 of 17
plant. The maximum month demand, on an ERC basis, is adjusted
to include a reserve margin, resulting in a maximum month of
139,076 GPD or 46.40 of the plant capacity of 300,000 GPD.
COLLECTION SYSTEM
The allocation of collecting mains is set forth on
Schedule J. Force mains are considered 100% used and useful,
and gravity mains are allocated to used and useful based on
the density of connected lots to lots on line, or 44.3%. The
density analysis also takes into account the reserve margin.
Schedule K shows the calculation of the reserve margin
for the sewer system.
EXHIBIT 6
Page 6 of 17
•
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Water
Summary By Plant Account
ACCOUNT
NO. DESCRIPTION
311
Source Structures
314
Wells
316
Supply Mains
321
Pump Structures
323
Other Prod. Equip.
325
Elec. Pump Equip.
330
Land
331
Treatment Struct.
332
Treatment Equip.
342
Distr. Reservoirs
343
Mains
82,110
Total
Schedule A
COST
FUTURE USE
USED AND
AT 12/31/85 RETIREMENTS(C)
DIRECT(D)
ALLOCATED(E) USEFUL
$ 58,787 $
$
$
$ 58,787
111,357 32,435
4,190
74,732
191
191
-
40,185
8,600
31,585
82,110
17,572
64,538
3,397
727
2,670
4,993
803
4,190
1,141,215
4,305
243,299
893,611
597,561
25,344
122,454
449,763
640,716
452,071
40,370
148,275
1,448,273(A)
412,516
1,035,757
$4.128,785(B) 32 435
$486,904
$845,538
$2,763,908
Notes: (A) Includes Classification of unclassified.
(B) The remaining accounts, in the amount of $112,445, are
100% used and useful.
(C) Includes the wells and facilities at the old WTP.
(D) Includes the storage tank and pumping facilities at the old
WTP.
(E) New Water Treatment Plant.
EXHIBIT 6
Page 7 of 17
• 0
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Water
Allocation of New Water Treatment Plant
ACCOUNT
AMOUNT
COST
NO.
DESCRIPTION
AT 12/31/85
311
Source Structures
$ 58,787
314
Wells
74,732
321
Pump Structures
40,185
323
Power Production Equipment 82,110
325
Pumping Equipment
3,397
330
Land
4,190
331
Treatment Structures
1,136,910
332
Treatment Equipment
572,217
342
Distr. Reservoirs
188,645
Total
$2,161,173
USED AND USEFUL
PERCENT (A)
AMOUNT
100.0 7
$ 58,787
100.0
74,732
78.6
31,585
78.6
64,538
78.6
2,670
100.0
4,190
78.6
893,611
78.6
449,763
148,275
$1,728,151
Schedule B
FUTURE
USE
8,600
17,572
727
243,299
122,454
40,370
$433,022
Note:(A) Source of Supply Structures, Wells and Land are considered 1007 used and
useful. See Schedule C for other accounts.
EXHIBIT 6
Page 8 of 17
E
0
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Water
New Water Treatment Plant - Used & Useful Percentage
Plant Capacity
Maximum Day Demand:
Average Demand per ERC
Ratio of Max./Avg. Day
Maximum Demand per ERC
Total ERC's
Maximum Day Demand
Reserve Margin (442,650 X 18.9%) (A)
Total Maximum Day Demand
Used and Useful Percentage
Note: A See Schedule F.
239 GPD
2.72
650 GPD
681
EXHIBIT 6
Page 9 of 17
442,650
83,661
Schedule C
670,000 GPD
526,311 GPD
78.67
Distribution Main
Transmission Main
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Water
Allocation of Transmission and Distribution Mains
SIZE FOOTAGE
6" & Smaller 74,520
6"
2,220
8"
7,500
10"
1,700
12"
20,700
16"
14,400
121,040
COST
USED
AND USEFUL
AT 12/31/85
% (A) AMOUNT
$ 431,315
76.07
$ 327,799
15,431
100.0
15,431
54,100
100.0
54,100
25,517
100.0
25,517
438,238
59.4
260,313
483,672
352,597
$1,448,273
$1,035,757
(A) Allocation percentages are calculated on Schedule E.
EXHIBIT 6
Page 10 of 17
Schedule D
FUTURE
USE
$103,516
177,925
131,075
$412,516
0
0
Schedule E
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Water
Transmission and Distribution Mains - Used & Useful Percentages
Distribution Main - 6" & Smaller:
Total Lots on Lines 1,424
"Used & Useful" Lots:
Connected Lots 531
Margin of Reserve (521 X 18.9%) 100
Hydrant Allowance (A) 451
1,082
Used & Useful Percentage - Distribution Main 76.0%
Transmission Main
All transmission mains are considered 100% used and useful, except the "Barber St,
Fellsmere Hwy, Wimbrow Dr." transmission extension (BFW Extension) for which used
and useful is based on the cost of a minimum size main, as follows:
BFW TRANSMISSION
Notes: (A) Lot within 500 front feet of a hydrant serving at least one connection..
(B) Based on Estimated cost of an 8" main.
EXHIBIT 6
Page 11 of 17
Actual
Used & Useful
Size
Footage
Cost
(Min. Cost) (B)
6"
2,220
$ 15,431
$ 15,431
12"
17,200
364,178
186,104
16"
5,760
193,541
62,323
25,180
$573,150
$263,858
ALL TRANSMISSION MAIN
Used
and Useful Costs
Size
Footage
Total Cost BFW Ext.
Other Main
Total
7
6"
2,220
$
15,431 $ 15,431
$ -
$ 15,431
100.07
8"
7,500
54,100 --
54,100
54,100
100.0
10"
1,700
25,517 --
25,517
25,517
100.0
12"
20,700
438,238 186,104
74,060
260,164
59.4
16"
14,400
483,672 62,323
290,131
352,454
72.9
Total
46,520
$1,016,958 $263,858
$443,808
$707,666
Notes: (A) Lot within 500 front feet of a hydrant serving at least one connection..
(B) Based on Estimated cost of an 8" main.
EXHIBIT 6
Page 11 of 17
0 0
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Water
Calculation of Reserve Margin
END CUSTOMERS
1982 445
1983 462
1984 492
1985 628
Average Percentage Growth
Reserve Margin (1.5 X 12.67)
NUMBER PERCENT
17
3.87
30
6.5
136
27.6
EXHIBIT 6
Page 12 of 17
12.67
18.97
Schedule F
ACCOUNT
NO
352
363
365
371
372
Notes:
0 •
Schedule G
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Sewer
Summary of Plant Account
(A) The remaining accounts in the amount of $87,610, are 100% used and useful.
(B) Represents treatment equipment not in service.
EXHIBIT 6
Page 13 of 17
COST
FUTURE
USED AND
DESCRIPTION
AT 12/31/85
RETIREMENTS USE
USEFUL
Collection Sewers
$1,326,458
$ $ 677,036
$ 649,422
Elec. Pumping Equip.
30,067
16,116
13,951
Other Pumping Equip.
39,554
21,201
18,353
Treatment Structures
695,450
2,867 371,224
321,359
Treatment Equip.
289,079
154,946
134,133
Total
$2,380,608(A)
$2,867 (B)$1.240,523
$1,137.218
(A) The remaining accounts in the amount of $87,610, are 100% used and useful.
(B) Represents treatment equipment not in service.
EXHIBIT 6
Page 13 of 17
Schedule H
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Sewer
Allocation of Sewage Treatment Plant
ACCOUNT
COST
USED AND
USEFUL
FUTURE
NO
DESCRIPTION
AT 12/31/85
PERCENT(A)
AMOUNT
USE
363
Elec. Pumping Equip.
$ 30,067
46.4%
$ 13,951
$ 16,116
365
Other Pumping Equip.
39,554
46.4
18,353
21,201
371
Treatment Structures
692,583
46.4
321,359
371,224
372
Treatment Equipment
289,079
46.4
134,133
154,946
Total
$1,051,283
$487,796
$563,487
Note: (A) See Schedule I.
EXHIBIT 6
Page 14 of 17
•
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Sewer
Sewage Treatment Plant - Used and Useful Percentage
Plant Capacity
Maximum Month Demand
Average Demand per ERC 174 GPD
Ratio of Max./Avg. Month 1.54
Max. Demand per ERC 268 GPD
Total ERC's 465
Maximum Month demand
Reserve Margin (124,620 X 11.67) (A)
Total Maximum Month Demand
Used and Useful Percentage
Note: (A) See Schedule K.
EXHIBIT 6
Page 15 of 17
124,620
14,456
Schedule I
300,000 GPD
139,076 GPD
46.47
Force Mains
Gravity Mains
Total
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Sewer
Allocation of Collection Mains
COST
FOOTAGE AT 12/31/85
20,300 $ 110,954
48,800 1,215,504
69,100 $1,326,458
USED AND USEFUL
PERCENT(A) AMOUNT
100.07 $110,954
44.3 538,468
$649,422
Schedule J
FUTURE
USE
677,036
$677,036
Note: (A) Force mains are considered 100% used and useful. Gravity mains are
allocated according to density, as follows:
Total Lots on Lines 961
Used and Useful Lots 382
Reserve Margin (382 X 11.67) 44
426
Used and Useful Percentage 44.37
EXHIBIT 6
Page 16 of 17
0
i
Schedule K
GENERAL DEVELOPMENT UTILITIES, INC.
Sebastian Highlands Rate Case - 1985 Year End Test Year
Used and Useful Analysis - Sewer
Calculation of Reserve Margin
1982
321 --
--
1983
334 13
4.07
1984
354 20
6.0
1985
400 46
13.0
Average Percentage
Growth
7.7%
Reserve Margin (1.5
X 7.7%)
11.6%
EXHIBIT 6
Page 17 of 17
E
U
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS WATER & SEWER DIVISION
SCHEDULE OF SERVICE AVAILABILITY AND MAIN EXTENSION CHARGES
WATER
Plant Capacity
Line Extension
Reserve Capacity
Meter Connection (3/4")
Meter Connection (1")
Meter Connection (1}")
Meter Connection (2")
SEWER
Plant Capacity
Line Extension
Reserve Capacity
PRESENT
$ .86 per GPD
7.22 per foot
100.00
150.00
250.00
350.00
PRESENT
$ 2.22 per GPD
11.98 per foot
EXHIBIT 7
PROPOSED
$ 2.44 per GPD
11.73 per foot
.57 per gal.
100.00
150.00
250.00
350.00
PROPOSED
$ 2.45 per GPD
12.46 per foot
.53 per gal.
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EXHIBIT 8
Sche3ule 2
GENERAL DEVELOPMENT UTILITIES, INC.
SEBASTIAN HIGHLANDS RATE CASE
1985 TEST YEAR
CARRYING COST RECOVERY CHARGE (CCRC)
EXHIBIT 9
Page 1 of 6
The Carrying Cost Recovery Charge (CCRC) is a form of rate which is
necessary to pay for certain costs incurred by the utility in order to
provide adequate service on a continuous basis. It is charged to future
customers as they connect to the system.
In the case of water and sewer utilities the rate -setting methodology
in Florida has generally included the utilization of "used and useful"
analyses which determine the portion of the cost of providing service that
will be recoverable through the general rates. The remaining portion
("future use") is considered the cost necessary to meet the service
requirements of future customers and, therefore, should not be paid by means
of general rates to existing customers. The future use costs related to
distribution mains are absorbed by the stockholder/developer. On the other
hand, the future use costs related to "backbone" plant (production,
treatment, etc.) represent prudent investments which are necessary to serve
existing customers as well as new customers in the future -- for example,
the backbone plant would be more costly, and resultant rates higher for all
customers, if smaller size plants were built.
In other states, such backbone plant is simply included in rate base,
and the related costs are recovered through general rates. In fact, such
treatment is also applicable in Florida to utilities other than water and
sewer utilities. For water and sewer utilities in Florida, the Public
Service Commission has recognized that future use backbone plant and related
costs are prudent and should be recovered by means of a Carrying Cost
EXHIBIT 9
Page 2 of 6
Recovery Charge applicable to future customers as a form of service avail -
lability charge, Florida Cities Water Company, PSC Docket No. 820232-W,
Order No. 12299 issued 7/27/83 and PSC Docket No. 830121-5, Order No. 12743
issued 12/8/83 and General Development Utilities - Port St. Lucie Division,
PSC Docket No. 830421 -WS, Order No. 13659-A issued 10/2/84. This charge
has also been approved for GDU systems by the Charlotte County and Hendry
County Commissions and by the PSC in St. Johns County. This charge is
collected from new customers at the time they connect to the system.
The CCRC proposed by General Development Utilities in this case is
calculated to recover investments and related costs associated with backbone
plant, which have been allocated as future use costs, recoverable from
future customers. The carrying costs include, with respect to only future
use plant, return on net investment, depreciation, property taxes and
related income and revenue taxes. The charge is established on a monthly
basis for a multiple year period, adjusted as necessary to reflect carrying
costs and compounding as set forth on the attached schedule.
A statement of components of the charge, a diagram of the charge, and
proposed CCRC rates follow.
EXHIBIT 9
Page 3 of 6
STATEMENT
OF COMPONENTS
OF CARRYING COST
RECOVERY CHARGE
Carrying Cost Recovery Charge (CCRC) is composed of depreciation, property
taxes, costs of capital and related income and revenue taxes pertaining to
plant held for future customers.
EXHIBIT 9
Page 4 of 6
6
PLANT USED
AND USEFUL
SERVING CURRENT
CUSTOMER
•
i
I
PLA7kiTrAPArITY
TO SERVE SERVE FUTURE
ICUSTOMER
UTILITY PLANT USED AND USEFUL I FUTURE USE PLANT
Investment and costs are recovered Currently, future use
through rate structure from current plant costs are not being
customers. recovered except through
reserve capacity fees.
Future use plant costs
are recovered through:
a) The proposed CARRYING
COST RECOVERY CHARGE
(CCRC) which would
recover depreciation,
property taxes, and cost
of carrying investment for
future capacity from date
of investment to the date
of connection or customer
commitment.
b) RESERVE CAPACITY
CHARGE recovers cost of
depreciation, property
tax, and carrying cost of
investment from the date
of customer commitment to
date of usage.
EXHIBIT 9
Page 5 of 6
GSEBCCRC
27 -Aug -86
FILING
Col I
GENERAL OEVELDPMENT UTILITIES, INC.
CARRYING COST RECOVESY CHARGE
SEBASTIAN HIGHLANDS DIVISION
Col 2a Col 24 Cal 3
u, w
ASSUMPTIONS:
WATER
0 �-3 24
I
COST OF QUALIFYING ASSETS
f 459,963
26
2
ACCUMULATED DEPRECIATION
S 88,886
28
3
NUMBER OF FUTURE CUSTOMERSIERC'S)
350
30
4
ANNUAL DEPRECIATION EXPENSE
f 30,276
32
5
RATE OF RETURN
12.991
34
6
WEIGHTED COST OF EQUITY
3.537.
36
7
FEDERAL INCOME TAX RATE
34.001
36
B
STATE INCOMF TAX RATE
5.501
40
9
ANNUAL PROPERTY TAX
f 2,746
42
10
OTHER COSTS
f 0
44
11
GROSS RECEIPTS TAX RATE
0.00%
46
12
47
ANNUAL PROPERTY TAX PER ERC t
13
14
15
COST OF QUALIFYING ASSETS(Iines 1 2)
f 371,077
16
NUMBER OF FUTURE EAC'S(Line 3)
350
17
--------
18
COST PER ERC(Line 15/line 16)
f 1,060.22
p)
rij 19
RATE OF RETURNIIine 5)
12.991
L
X 20
--------
(D
H 21
RATE OF RETURN PER ERC(Line IB x line 19)
S 137.72
22
-_.=._.=
u, w
H 23
ANNUAL REDUCTION IN RETURN:
0 �-3 24
(RETURN TIMES DEPRECIATION EXPENSE
25
DIVIDED BY NUMBERS OF CUSTOMERS) f
26
27
28
FEDERAL INCOME TAX RATE(Line 71
29
STATE INCOME TAX RATE(Line 9)
30
31
COMPOSITE INCOME TAX RATE
32
33
PRETAX RATE OF RETURN
34
(EQUITY I TIMES TAX RATE/1 - TAX RATE
35
+ AFTERTAX RATE OF RETURNI
36
TAX FACTOR
37
(AFTERTAX RETURN/ PRETAX RETURN)
36
39
ANNUAL DEPRECIATION EIPENSEILine 41 f
40
NUMBER OF FUTURE ERC'S(Line 3)
41
42
ANNUAL DEPRECIATION EXPENSE PER EAC f
43
44
ANNUAL PROPERTY TAI(Line 91 f
45
NUMBER OF FUTURE ERC'S(Line 3)
46
47
ANNUAL PROPERTY TAX PER ERC t
SEWER
1 281,744
f 95,297
654
S 26,429
12.99X
3.53%
34.00%
5.50%
t 4,081
f 0'
0.00%
S 166,447
654
S 285.09
12.99X
f 31.03
CALCULATION OF CARRYING COSTS PER ERC:
YEAR
UNFUNDED OTHER COSTS
UNFUNDED ANNUAL DEPRECIATION EXPENSE(Col 2,Line 42)
UNFUNDED ANNUAL PROPERTY TAX(Col 2,Line 47)
SUBTOTAL UNFUNDED ANNUAL EXPENSEILines 2 # 3 + 4)
UNFUNDED EXPENSES PRIOR YEAR(Prior Line 91
TOTAL UNFUNDED EXPENSES(Lines 6 t 7)
RETURN ON EXPENSES PRIOR YEARICol 2,Line 25)
RETURN ON PLANT CURRENT YEARICol 2,Line 21 - Line 121
EARNINGS PRIOR YEAR(Prior Line 17)
COMPOUND EARNINGS FROM PRIOR YEAR(Line 14 x Cal 2,Line 19)
TOTAL COMPOUNDED EARNINGSILines 12 f 13 a 14 t 151
EARNINGS EXPANSION FACTOR FOR TAI(Col 2,Line 31)
REVENUE REQUIRED TO FUND EARNINGS(Lines 17 x 18)
REVENUE REQUIRED TO FUND EXPENSES(Line 9)
SUBTOTAL(Lines 20 t 21)
FACTOR FOR GROSS RECEIPTS TAXI( - Cal 2,Line ll)
11.24 f 5.25
==_===__ ===---== CARRYING COSTS PER ERC FOR YEAR(line 23/Line 24)
34.001
5.501
37.631
34.001
5.501
37.631
15.ITI 15.121
1.16 1.16
30,276 f 26,429
350 654
-------- --------
B6.5 f 40.41
2,746 1 4,081
350 654
-------- --------
7.85 1 6.24
MONTHLY CHARGE ALLOCATION:
AVERAGE TEST YEAR
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
MONTHLY AVERAGE
Col 4 Col 5 Col 6 Cot 7 Col 8
WATER
-------------------------------------
1986 1981 1988 1989 1990
------ ------ ------ ------ ------
f 0.00 0.00 0.00 0.00 0.00
86.50 86.50 86.50 86.50 86.50
7.95 7.85 7.85 7.85 7.85
------ ------ ------ ------ ------
94.35 94.35 94.35 94.35 94.35
0.00 94.35 188.70 283.05 377.40
S 94.35 IBB.70 283.05 377.40 471.75
...... ...... ...... .===== =•====
S 0.00 11.24 22.47 33.71 44.95
137.72 126.48 115.25 104.01 92.77
0.00 137.72 293.33 469.15 667.82
0.00 11.89 38.10 60.94 86.75
------ ------ -------------- -------
137.72 293.33 469.15 667.B2 B92.29
1.16 1.16 1.16 1.16 1.16
------ ------------- ------- -------
160.30 341.42 546.07 771.31 1038.58
94.35 188.70 283.05 311.40 471.75
254.65 530.12 829.12 1154.71 1510.33
1.000 1.000 1.000 1.000 1.000
I 254.65 530.12 B29.12 1154.71 1510.33
f 137.94 403.B6 692.08 1005.48 1347.34
S 159.16 426.82 717.00 1032.61 1376.97
S 180.38 449.78 741.91 1059.75 1406.61
S 201.60 472.73 766.83 IOB6.88 1436.24
f 222.82 495.69 791.75 1114.01 1465.88
f 244.04 518.64 916.66 1141.14 1495.51
f 265.26 541.60 841.58 1168.21 1525.15
S 286.48 564.56 866.50 1195.41 1554.78
S 307.70 581,51 891.42 1222.54 1584.42
f 328.92 610.47 916.33 1249.67 1614.05
f 350.14 633.42 941.25 1276.80 1643.69
1 371.36 656.38 966.17 1303.93 1673.32
1 254.65 530.12 829.12 1154.71 1510.33
Col 9 Col 10 Col It Col 12 Col 13
SEWER
----------------------------- --------
19B6 1981 19BB 1989 1990
f 0.00 0.00 0.00 0.00 0.00
40.41 40.41 40.41 40.41 40.41
6.24 6.24 6.24 6.24 6.24
------ ------ ------ ------ ------
46.65 46.65 46.65 46.65 46.65
0.00 46.65 93.30 139.95 186.60
------ ------ ------ ------ ------
f 46.65 93.30 139.95 106.60233.25
f---0.00 -5.25 10.50 15.75
37.03 31.78 26.53 11.28 16.63
0.00 37.03 7B.B7 126.15 09.56
0.00 4.81 10.25 16.39 23.33
------ ------ ------ ------ ------
37.03 78.81 126.15 179.56 239.92
1.16 1.16 1.16 1.16 1.16
------ ------ ------ ------ ------
43.10 91.80 146.83 209.00 279.25
46.65 93.30 139.95 196.60 233.25
89.75 185.10 286.18 395.60 512.50
1.000 1.00D 1.000 1.000 1.000
f 89.75 185.10 286.78 395.60 512.50
1 48.62 141.40 240.18 345.72 459.92
f 56.09 149.35 248.65 354.79.:�
f 63.57 157.29 257.12 363.86 44
f 11.05 165.24 265.60 171.93 499.15
f 78.53 173.18 274.07 382.00 497.89
1 B6.01 181.13 282.54 391.07 507.63
f 93.49 189.07 291.01 400.14 517.37
f 100.97 191.02 299.49 409.20 527.11
f 108.45 204.97 307.96 418.27 536.86
S 115.93 212.91 316.43 427.34 546.60
$ 123.41 220.86 324.91 436.41 556.34
f 130.89 22B.BO 333.38 445.48 566.OB
f 89.75 185.10 2B6.78 395.60 512.50