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HomeMy WebLinkAboutAgenda Packet 2025-11-19Board of Directors Jeff Bender Christa Finn Tony Laliotis Courtney Murrell Steve Randall 1. Call to Order 2. Roll Call REGULAR BOARD MEETING 11570 DONNER PASS ROAD, TRUCKEE 6:00 PM, Wednesday, November 19, 2025 AGENDA 3. Pledge of Allegiance 4. Changes to the agenda General Manager Brian C. Wright Executive Leadership Chad J. Reed Mike Swanson Michael Salmon Steven Poncelet Scott Crow Jillian Steward Martina Rochefort 5. Public Comment — This is time set aside for the public to address the Board on any matter not on the agenda. Testimony related to any agendized matter should be addressed at the time that that item is considered. (The public may comment on any subject that is not on the agenda. Each speaker will be limited to three minutes, but speaker time may be reduced at the discretion of the Board President if there are a large number of speakers on any given subject.) DIRECTOR UPDATE 6. This item provides time for Directors to comment on any item within the purview of the District. PUBLIC HEARING 7. Public Hearing on Proposed Water Rates and Adoption of Resolution 2025-32 Responding to Timely Written Objections and Ordinance 2025-03 Setting Water Rates for FY26-FY30 a) Conduct a Public Hearing on Proposed Water Rates for FY26-FY30 b) Accept and Direct Staff to File the Truckee Donner Public Utility District 2025 Water Rate Study c) Adopt Resolution 2025-32 Responding to Timely Filed Written Objections to the Proposed Increase in Water Rates Pursuant to the Requirements of AB2257 and Making Determinations Required by AB2257 d) Adopt Ordinance 2025-03 Setting Water Rates for FY26-FY30 .®. R%LIC A SPECIAL DISTRICT. i..... LEADERSHIP FORN�RIION 11570 Donner Pass Road, Truckee, CA 96161 Phone- 530-587-3896- www.tdpud.org Page 1 of 312 8. Continued Public Hearing for Budget for Fiscal Years 2026 & 2027 and Consideration of Adopting Resolution 2025-29 approving FY26-27 Budget a. Continue Public Hearing originally opened on November 5, 2025, regarding the FY26 and FY27 Budgets; and b. Adopt Resolution 2025-29 approving the Budget for FY26 and FY27. CONSENT CALENDAR These items are generally interpreted as routine in nature or the subject matter has been previously presented to the Board for discussion. They are intended to be acted upon without additional discussion. Any Board Member may request an item to be removed from the Consent Calendar for discussion prior to voting on the Consent Calendar. 9. Consideration of Closeout of the 6170 Tank A Interior Coating Rehabilitation Construction Contract Adopt Resolution 2025-30 accepting the 6170 Tank A Interior Coating Rehabilitation project as complete and authorize the filing of the Notice of Completion. 10. Consideration to Approve a 12 -month Term Extension to the Memorandum of Understanding with Grays Crossing F, LLC Related to APN 043-010-007-000 Authorize the General Manager to execute a 12 -month extension to the Memorandum of Understanding with Grays Crossing F, LLC regarding APN# 043-010-007-000. 11. Consideration of Closeout of the District 2025 Pipeline Replacement Construction Contract Adopt Resolution 2025-31 accepting the District Pipeline Replacement — 2025 project as complete and authorize the filing of the Notice of Completion. 12. Approval of November 5, 2025 Board Meeting Minutes Consider approval of November 5, 2025 Board Meeting Minutes ACTION ITEMS 13. Consideration of the Hirschdale Pipeline Construction Contract Authorize the General Manager to execute a construction contract to Brady General Engineering for the Hirschdale Pipeline Construction Contract in an amount of $366,298.93, plus a ten percent change order allowance of $36,700 for a total authorization not to exceed $403,000. ADJOURNMENT Page 2 of 312 The agenda is available for review at the TDPUD Administrative Office and the District's internet website. Posted on Friday, November 14, 2025. Martina Rochefort, District Clerk A copy of the agenda packet is available for public review, during normal business hours, at the District Administrative Office located at 11570 Donner Pass Road. Public participation is encouraged. The meeting location is accessible to people with disabilities. Every reasonable effort will be made to accommodate participation of the disabled in all of the Districts public meetings. If particular accommodations for the disabled are needed (i.e. disability -related aids, or other services), please contact the District Clerk at (530) 582-3923 or martinar@tdpud.org, at least 24 hours in advance of the meeting. Any person with a disability may submit a request for reasonable modification or accommodation to the above -described means for accessing and offering comment at the meeting to Martina Rochefort, District Clerk, or email at martinar@tdpud.org, who will swiftly resolve such a request. Page 3 of 312 Draft Report Utility District 2025 Water Rate Study �,� September 2025 Page 4 of 312 FY2 September 9, 2025 Mr. Brian Wright General Manager Truckee Donner Public Utility District 11570 Donner Pass Road Truckee, CA 96161 Subject: Comprehensive Water Rate Study Draft Report Dear Mr. Wright: HDR Engineering, Inc. (HDR) is pleased to present e Tri. (District) the draft report for the 2025 compre ve comprehensive water rate study was developed to pr based on the District's specific system ataa%p tomer char developing a revenue requirement, costnd prop revenue to prudently fund the operating apIL c of This report outlines the ove findings, conclusions, and r accounting, operating, a develop our analyses or continuation of the u District's 2020 comprehe and document' rovide requireme We a develop technical a Sincerely yours,' HDR Engineering, Shawn Koorn Associate Vice President onner Public Utility District r rate study. The District's t -based and proportional rates ;tics. This was accomplished by ates that generate sufficient trict. roach achieve�hese objectives, along with our ations. report was developed utilizing the District's illing r ds. HDR has relied on this information to ings, con ions, and recommendations. The study is a hodologies (i.e., AWWA) established in the r rate s completed by HDR. This report was developed sed, proportional, and defensible rates, compliant with the jt is currently understood. :e prided by the District's management and staff in the re importantly, HDR appreciates the opportunity to provide these 'ices to the District. hdrinc.com 2365 Iron Point RoadSuite 300 Folsom, CA 95630-8709 (916) 817-4700 Page 5 of 312 I. Table of Contents EXECUTIVE SUMMARY.........................................................................................................................1 INTRODUCTION...................................................................................................................................... 1 OVERVIEW OF THE RATE STUDY PROCESS............................................................................................... 1 KEY WATER RATE STUDY RESULTS.................................................................... .............................. 2 SUMMARY OF THE WATER REVENUE REQUIREMENT ANALYSIS ............................................................ 2 SUMMARY OF THE WATER COST OF SERVICE ANALYSIS ................................................5 SUMMARY OF THE PRESENT AND PROPOSED WATER RATE DESIGNS ........ .................................6 WATER RATE STUDY RECOMMENDATIONS .......................................... ............ ............................ 9 SUMMARY OF THE WATER RATE STUDY ....................................... ...................... ....................... 9 1 INTRODUCTION AND OVERVIEW ................................................................. ..............10 1.1 INTRODUCTION ............................................... ......................................................... 10 1.2 GOALS AND OBJECTIVES ....................................... .................................................... 10 1.3 OVERVIEW OF THE RATE STUDY PROCESS ....................................................................... 11 1.4 ORGANIZATION OF THE STUDY............ ......................................................................... 11 2 OVERVIEW OF WATER RATE SETTIN ............. ..........................................12 2.1 INTRODUCTION ................................... ........................................................ 12 2.2 GENERALLY ACCEPTED RA SETTING P I.................................................................... 12 2.3 DETERMINING THE RE IREMEN......................................................................... 12 2.4 ANALYZING COST RVICE.. ..................................................................................... 13 2.5 DESIGNING W ATES...... ...................................................................................... 14 3 DEVELOPMENT O RE ENT.................................................................15 3.1 INTRO ............................................................................................................... 15 3.2 D EVE EQUIREMENT..............................................................................15 3.3 ABLISHING A FRA APPROACH........................................................................... 15 3.4 ROJECTING RATE OTHER ISCELLANEOUS REVENUES....................................................... 16 3.5 JECTING OPERA AND MAINTENANCE EXPENSES............................................................ 17 3.6 TING CAPIT UNDING NEEDS AND TRANSFER PAYMENTS ..............................................17 17 3.7 PRO N OF SERVICE................................................................................................ 19 3.8 TRANSF...................................................................................................................20 3.9 SUMMARY E REVENUE REQUIREMENT...............................................................................20 3.10 RESERVE LEVELS................................................................................................................... 21 3.11 DEBT SERVICE COVERAGE RATIOS...........................................................................................21 3.12 CONSULTANT'S CONCLUSIONS................................................................................................. 22 4 DEVELOPMENT OF THE COST OF SERVICE ANALYSIS..........................................................23 4.1 INTRODUCTION....................................................................................................................... 23 4.2 OBJECTIVES OF A COST OF SERVICE STUDY.............................................................................. 23 F) I Table of Contents i Truckee Donner PUD — Comprehensive Water Rate Study Page 6 of 312 4.3 DETERMINING THE CUSTOMER CLASSES OF SERVICE................................................................. 24 4.4 GENERAL COST OF SERVICE PROCEDURES............................................................................... 24 4.5 FUNCTIONALIZATION AND ALLOCATION OF PLANT IN SERVICE....................................................... 27 4.6 FUNCTIONALIZATION AND ALLOCATION OF OPERATING EXPENSES ................................................ 29 4.7 MAJOR ASSUMPTIONS OF THE COST OF SERVICE ANALYSIS........................................................ 29 4.8 DEVELOPMENT OF COST -BASED WATER RATES......................................................................... 30 4.9 DETERMINATION OF SIZING AND NUMBER OF TIERS.................................................................... 31 4.10 DEVELOPMENT OF THE UNIT COSTS FOR RATE DESIGNS............................................................. 32 4.11 SUMMARY RESULTS OF THE COST OF SERVICE ANALYSIS ......................................................37 4.12 CONSULTANT'S CONCLUSIONS AND RECOMMENDATIONS ............................................ 37 5 DEVELOPMENT OF THE PROPOSED RATE DESIGN..............................................38 5.1 5.2 5.3 5.4 5.5 5.6 5.7 TECHP INTRODUCTION.................................................... F)' I Table of Contents Truckee Donner PUD — Comprehensive Water Rate Study 38 38 39 39 41 42 42 T Page 7 of 312 IExecutive Summary Introduction HDR Engineering, Inc. (HDR) was retained by the Truckee Donner Public Utility District (District) to conduct a comprehensive water rate study (Study). The objective of the rate study was to review the District's operating and capital costs to develop proposed cost -based and proportional rates for the District's water customers. This study determined the adequ f the existing water rates and provided the framework and cost basis for proposed futur stments. The District has historically used comprehensive water rate studies to establish ates and this study is a continuation of that past practice. The District owns and operates a water supply, treatment, The determination of the total costs associated with District's customers has been developed based on th billing records, and other relevant system and cost Overview of the Rate Study Process A comprehensive water rate study uses t proportionality of a utility's rates. These cost of service analysis, and a rate design a Figure ES—i. Rate Design Analysis Pmission, an ding these wate s ac�unting, ope to address the cost -basis and Oiue requirement analysis, a lyses are illustrated below in Compares the revenues to the expenses of the utility to determine the overall rate adjustment required Distributes the revenue requirement to the customer classes of service in a proportional manner Considers both the revenue requirement and cost of service analyses to develop the proposed rates The above framework for reviewing and evaluating the District's water rates was utilized in the development of the Study. F)' Executive Summary 1 Truckee Donner PUD — Comprehensive Water Rate Study Page 8 of 312 Key Water Rate Study Results The water rate study was developed to establish cost based and proportional rates sufficient to meet the District's operating and capital costs. The water rate analysis resulted in the following findings, conclusions, and recommendations. A revenue requirement analysis was developed for the projected time period of FY 2026 through FY 2035 The District's FY 2025 and preliminary FY 2026 budgets were used as the starting point of the analysis Operation and maintenance expenses are projected to inc based on District current and future projections The revenue requirement analysis resulted in proposed to increase rate revenues sufficiently to support wat o era the projected time period at inflationary levels nue adjustments Ipital needs over A cost of service analysis was developed to revie proportionality of f? and proportionally distribute the revenue re ment to customer cl schedules) isting rates s (e.g., rate The results of the cost of service analysis provi ased and proportional average unit costs (i.e., cost basis), which w re used to esta the proposed rates The Study has developed propos or FY 20 Y 2030 by customer class of service (e.g., rate schedule) Summary of the Wate The revenue requirement study. This analysis det determination can be adequate and prudent For the Stu 2035) wi time fr require minimiz nn ical step in the development of the water rate e existing water rates. From this analysis, a ate revenue adjustments needed to provide and capital needs. ent was developed for a projected time period (FY 2026 — FY iod ified as FY 2026 through FY 2030. Reviewing a multi -year in th it allows the utility to better anticipate future financial District to begin planning for these impacts sooner, thereby acts and overall long-term rates. The revenue re analysis was developed using a cash basis approach. The cash basis approach is the ty approach used by public/municipal utilities to establish the revenue requirement. Using the cash basis approach, annual O&M expenses, transfer payments or taxes, annual debt service, and capital projects funded through rate revenues are summed to equal the total revenue requirement. The primary financial inputs in the development of the District's revenue requirement analysis were the District's FY 2025 budget, preliminary FY 2026 budget, FY 2024 billed customer and consumption data, and the District's recently developed water system capital improvement plan. F)' Executive Summary 2 Truckee Donner PUD — Comprehensive Water Rate Study Page 9 of 312 Once the operating and maintenance (O&M) expenses have been projected over the time period based on annual inflationary indices, the next step is to develop the funding plan for capital improvement projects (CIP). The proper and adequate funding of capital projects is important to help minimize rates over time. A general financial guideline states that, at a minimum, a utility should fund an amount equal to or greater than annual depreciation expense through rates for capital projects. The most recently available depreciation figure for the District's water utility was for FY 2023 of approximately $4.8 million. Currently, the District is projected to fund an amount greater than annual depreciation expense over the projected time period. The level of rate funded capital developed in the capital funding analysis ranges from $5.0 ' lion to $7.6 million, increasing in future years to reflect renewal and replacement funding . It is assumed that — in addition to the rate funded capital improvements — the Distri I need to utilize other funding sources in order to fully fund the CIP, identified for this St rve funds and facility fees, to fund the identified capital improvements. Provided be in Tab — 1 is a summary of the capital funding analysis, including the assumed fu sources, f five-year rate setting period. Total Capital Projects Plus: Funds Held in Reserve for Future Projects Less: Debt Issues Less: Other Funding Total Rate Funded Ca As can be see capital is b include abl borro as bi the capit e infrastructu completed wa Technical Appen tween the annual capital improvement needs and rate funded r funding sources, which was identified by District staff to d a I facility fee revenues. Note, no additional long-term o fun the District's capital plan. The District's capital plan reflects maintain the existing system and repair or replace deteriorating cts related to growth or redundancy as outlined in the recently i. The details of the capital funding plan can be found in the The revenue requirement analysis for the District's customers was developed to determine the rate projections based on the specific costs of the District's water utility. Provided below in Table ES —2 is a summary of the revenue requirement analysis developed for the District's water utility. A more detailed discussion and analysis of the revenue requirement can be found in Section 3 of this report as well as in the Technical Appendix in Exhibit 2. F)' Executive Summary 3 Truckee Donner PUD — Comprehensive Water Rate Study Page 10 of 312 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Revenues Rate Revenues Misc. Revenues Total Revenues Expenses O&M Rate Funded Capital Annual Net Debt Service Transfers/Reserve Funding Total Expenses Bal./(Def.) of Funds Bal. as a % of Rate Rev. $20,068 680 $20,170 683 $20,246 654 $20,322 639 $20,399 621 $20,477 627 $20,748 $20,853 $20,900 $20,961 $21,020 $21,104 $13,723 $14,366 $14,931 5,000 7,000 7,250 1,532 1,526 1,530 493 (728) (94 $15 $16,127 $16,761 7,450 7,550 2,481 2,486 805 1,884 $20,748 $22,164 61 N($5, $28,682 $0 ($1,311) ( ) ($($7,578) 0.0% -6.5% -37.0% Proposed Rate Rev Adjust. 0.0% 6.5% Add'I Rev. from Rate Adj. $0 11 Total Bat./(Def.) of Funds $0 $23, .4% '(171' $25,187 226) .8% -28.6% 6.5% 6.5% 6.5% $2,71 $4,226 $0 $0 $5,844 $7,578 $0 $0 As can be seen, the revenue requirement a sis s1i 1 , O&M, rate funded capital, net debt service, and transfers/re nding. al revenue requirement (i.e., expenses) are then compared to the total u rces of water utility. From this comparison, a balance (+) or deficiency (-) of fu n each r can be ermined. This balance or deficiency of funds in each year is then pared t sent revenues to determine the level of rate adjustment necessary et ement in a particular year. It is important to note, the "Bal. / (Def.) of ow is cumulative. That is to say, any adjustments in the initial years will red cien ter years. Over this projected time period, the total deficiency of rate re is app atel %. To meet the overall revenue needs of the five-year rate period al rate adjus is o / in FY 2026 through FY 2030 are proposed. The above revenue adj ments, on a cumulative basis, meet the overall deficiency of 37.0% over the fiv r perio viewed. Based on the revenue requirement analysis developed herein, HDR ha I that the District will need to adjust the level of water rate revenues as noted above to ain cost -based rates. HDR has reached this conclusion for the following reasons: ■ Rate adjustments are necessary to fully fund the District's capital improvement plan r Rate adjustments are necessary to fund annual O&M expenses, including past and future inflationary increases in annual O&M expenses The proposed rate adjustments maintain the District's financial health (i.e., financial policies) and provide long-term, sustainable funding levels F)' Executive Summary 4 Truckee Donner PUD — Comprehensive Water Rate Study Page 11 of 312 Prior to the implementation of the fifth and final proposed rate adjustment in FY 2030, the District should complete a review/update of the water rates In reaching this conclusion, HDR would recommend that the District adopt the proposed rate revenue adjustments through FY 2030 to provide sufficient funding for the annual operating expenses and capital improvement program. A more detailed discussion of the development of the revenue requirement analysis is provided in Section 3 of this report. Summary of the Water Cost of Service Analysis While the revenue requirement developed the cost -basis for the p service analysis determines the proportional distribution of the identified customer classes of service (i.e., residential, commerci objective of the cost of service analysis is to determine the p or collect the revenue requirement from each customer class�rvice In summary form, the cost of service analysis began for the District's water utility. The functionalized re rE appropriate cost component(s) based on the D characteristics. The individual allocation totals were the the customer classes of service based o propriate expenses for each customer class were th to revenue responsibility. Table ES — 3 provi sum year FY 2026. red rates, the cost of e requirement to the zone charges). The nner in which to r hedule). g the revenuequirement nt was then allocated to the iecific system and customer rtionally distributed to each of ution factors. The distributed each customer class's total c st of service analysis for test The cost of service is distributes the proportional share of the revenue requirement to each customer class base on their respective demands on the system and the facilities required to provide service. The results of the analysis indicate minor cost differences exist between the customer classes of service. It is important to understand that a cost of service analysis is based on a projection of customer consumption data based on recent consumption history and can vary from study to study given the specific assumptions and characteristics at the time of the study. These variations can be further impacted by pandemics, droughts, and changing weather. As a result, it is important to review the cost of service results continuously to maintain cost based and proportional rates. F)' Executive Summary 5 Truckee Donner PUD — Comprehensive Water Rate Study Page 12 of 312 Given the requirements of Proposition 218, the cost of service results must be implemented in order to achieve cost based and proportional rates. This is accomplished through the development of the cost of service analysis, and specifically, the development of average unit costs (e.g., $ / customer or $ / 1,000 gallons). The average unit costs provide the cost -basis for the development of the District's proposed rates. Provided below in Table ES —4 is a summary of the unit costs derived in the cost of service analysis that will be used to develop the proposed rates for the identified customer classes of service. Commercial Average N/A N/A $1.92 service analysis conducted unit costs. The technical siv e study pr ss is the design of the proposed water rates r the results of the revenue requirement and ue require nt analysis provided a set of recommendations djustments, or the level of total revenues necessary to provide The cost of service analysis resulted in recommendations rti y collected from each customer class of service. The unit cost of service analysis are used as the proposed rates in the first The District's !Ak e er rates have been developed with the intent of meeting the legal requirements is Constitution Article XIII D, Section 6 (Article XIII D), also known as Proposition 21component of Article XIII D is the development of rates which reflect the cost of providing service and are proportionally distributed to the various customer classes of service. HDR would point out that there is no single methodology for proportionally distributing costs to the identified customer groups. The American Water Works Association (AWWA) M1 Manual clearly delineates various methodologies which may be used to establish cost -based rates. As Article XIII D does not prescribe a particular methodology for establishing rates, HDR developed the District's proposed water rates based on the AWWA M1 manual methodology and the District's specific system and customer characteristics to meet the requirements of Article F)' Executive Summary 6 Truckee Donner PUD — Comprehensive Water Rate Study Page 13 of 312 XIII D in order to provide an administrative record of the steps taken to establish the District's water rates. HDR is of the opinion that the proposed rates comply with the legal requirements of Article XIII D. HDR reaches this conclusion based on the following: The revenue derived from water rates does not exceed the funds required to provide the property related service (i.e., water service). The proposed rates are designed to collect the overall revenue requirement of the District's water utility as outlined in this Study. The revenues derived from water rates shall not be used for any purpose other than that for which the fee or charge is imposed. The revenues derived from thistrict's water rates are used exclusively to operate and maintain the District's water sy The amount of a fee or charge imposed upon a parcel or pE ownership shall not exceed the proportional costs of the se This study has focused exclusively on the issue of proporti4 customer classes of service through the development I n incident of property ' utable to the parcel. nt of costs to the f e analysis. The proposed rates have appropriately grouped custo into customer c s of service (residential, commercial, and pump zones) that re the cc requirements of each customer class of servic grou these classes of service creates the cost basis and D by having differing rates by customer class of service h to be collected by the utility, but al manner in proportionally assigned to customer ice bas and burdens on the District's water sys and r Given the requirements to de Table ES — 4 were used to d service. The District curre discussed with District in i corresponding rate sch s I nd system of customers and rates into ality expected under Article XIII reflect both the level of revenue these costs are incurred and their proportional impacts VEost of service principles, the unit costs in er rates for the District's customer classes of ner classes of service that were reviewed and 1e study. The customer classes of service and stomer types served by the District. All customers ial a mmercial) are charged a fixed monthly meter charge, which varies by size ct t ands (costs) that each meter size places on the system. As a point ference, th nthl ter charge is the same by meter size for all customers regar f customer typ he residential consumption charge is an increasing block two-tier rate stru The block s s are based on the typical customer consumption patterns and provides 8, Ilons per nth (billing period) in the first tier. This level of usage, based on the District's custo p data, provides ample consumption in the winter period, or when outside watering e minimal. All consumption over the first tier is charged at a higher rate (increasing block str ure) to reflect the cost of providing service at higher levels of consumption and capacity demands. For commercial customers, the consumption charge is a uniform charge for all water consumption. The use of a uniform rate structure for commercial customers is a common industry approach given the wide variations of types of commercial customers and their total monthly usage patterns. Even with these variations, the overall customer characteristics are similar within the commercial customer class. Finally, the District assesses pump zone charges to reflect the costs associated with pumping water into higher (elevation) pressure zones. The analysis is based on the average cost of pumping and maintenance in total, which is then applied F Exes-UIIVC JUI I II I IGI y 7 Truckee Donner PUD — Comprehensive Water Rate Study Page 14 of 312 to each pump zone, or the number of zones that water must be pumped through to reach the pressure zone providing service. The pump zone charges are applied to all customers in the applicable pump zones, regardless of customer class. Provided in Table ES -5 is a summary of the current and proposed water rates over the five-year rate setting period. Residential Fixed Charge $/Month 5/8" x 3/4" 3/4" 1" Commodity Charge $/1,000 gal. 0 - 8,000 gal (block 1) 8,000 + gal (block 2) Commercial Fixed Charge $/Month 5/8" x 3/4" 3/4" 1" 1-1/2" 2" 3" 4" 6" 8" Corn Charge - $/1,00 Pump Zone C Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 Current FY 2026 FY 2027 Rate $103.03 $108.50 103.03 108.41 122.89 129.4 55 $123.06 55 23.06 146.78 $1.98 2.69 FY 2029 FY 2030 $13 $139.58 131.06 139.58 156.32 166.48 $2.11 $2.25 2.86 3.05 03.03 0 $115.55 $123.06 $131.06 $139.58 .03 .50 115.55 123.06 131.06 139.58 89 1 137.82 146.78 156.32 166.48 1 193.75 206.34 219.75 234.04 .11 266.37 283.68 302.12 321.76 397.58 418.68 445.90 474.88 505.75 538.62 568.87 599.06 638.00 679.47 723.64 770.67 3.30 898.60 957.00 1,019.21 1,085.46 1,156.01 6.62 1,123.23 1,196.24 1,274.00 1,356.81 1,445.00 $1.86 $1.92 $2.04 $2.17 $2.31 $2.46 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 1.03 1.09 1.16 1.24 1.32 1.41 2.04 2.16 2.30 2.45 2.61 2.78 3.06 3.24 3.45 3.67 3.91 4.16 4.08 4.32 4.60 4.90 5.22 5.56 5.10 5.40 5.75 6.12 6.52 6.94 6.12 6.48 6.90 7.35 7.83 8.34 F)' Executive Summary Truckee Donner PUD - Comprehensive Water Rate Study 8 Page 15 of 312 As can be seen, the proposed rates have been adjusted to reflect the overall revenue needs of the water utility based on the revenue requirement and cost of service analyses. It is important to note that the rates have been adjusted by customer class based on the average unit costs from the cost of service analysis in the first year (FY 2026) of the proposed rate adjustments. Section 5 of this report provides a detailed discussion of the current and proposed water rates along with a component by component summary of the proposed water rates for FY 2026 — FY 2030. Water Rate Study Recommendations Based on the results of the water rate study, HDR recommends t Rate revenue adjustments are necessary to prude necessary capital investment in renewal and replac4 Water rates should be adjusted by 6.5% in FY 2QJF The proposed rates are based on the resf tr proportional distribution of costs to each cus r c Prior to the implementation of the fifth and fina should complete a review of the er rates to rates summary of the Water Rate StL' This completes the summa District's water utility. Th water utility operating based proposed rate a District Board for input the developme e Dis sections of g expenses and lctem rough FY 2030 'Df service ana service is and the 2d rate adjustment, the District in cost -based and proportional develo of the comprehensive rate study for the ft tudy h een the prudent and adequate funding of the 1I s as we the development of proportional and cost esults of the Study were presented to the PnMat"*Iic meetings. A full and complete discussion of comprehensive water rate study can be found in the following F)' Executive Summary Truckee Donner PUD — Comprehensive Water Rate Study 9 Page 16 of 312 I. 1 Introduction and Overview 1.1 Introduction HDR Engineering, Inc. (HDR) was retained by the Truckee Donner Public Utility District (District) to conduct a comprehensive water rate study (Study). The objective of a comprehensive water rate study is to develop cost -based and proportional water rates which are in compliance with the requirements of Proposition 218. This is accomplished by first reviewing and analyzing the District's water operating and capital costs and then developing a pr ion of the overall revenue requirement of the District's water utility. Then, the Distric ' venue requirement is proportionally distributed to the District's customer classes ice (e.g., residential, commercial, pump zones). The findings and conclusions from ost ibution process are then used to develop the District's proposed water rates, whi a reflecti ow the District's costs are incurred. The end result of the comprehensive study proces st-based and proportional water rates that reflect the District's specsts and customer c teristics. The District owns and operates a water system whNC, transmission, and distribution facilities. The deterproviding these water services to the District's cus District's accounting, operating, custome irg records, information. The District had a number objectives provided a fra key objectives were as Develop the study established by the A Iof water supply, treatment, e total costs associated with been developed based on the ;her relevant system and cost eveloping the water rate study. These key sions contained within the rate study. These 'tent with the principles and methodologies sociation (AWWA), M1 Manual, Principles of �s ing generally accepted rate making methodologies to and portionality of the utility rates, while recognizing and and unique characteristics of the District's system al planning criteria as it relates to legally required debt service funding of capital infrastructure, and maintaining adequate and Develop a final pWosed rate transition plan which adequately supports the utility's funding requirements while attempting to minimize overall impacts to rates Provide proposed rates to meet the requirements of Article XIII D F I Introduction and Overview Truckee Donner PUD — Comprehensive Water Rate Study 10 Page 17 of 312 1.3 Overview of the Rate Study Process The rates a utility charges must be set at a level where a utility's operating and capital expenses are met with the revenues received from customers. This is an important point, as failure to achieve this objective may lead to insufficient funds to maintain system integrity. To evaluate the adequacy of the existing rates, a comprehensive rate study is often performed. A comprehensive water rate study consists of three interrelated analyses. Figure 1-1 below provides an overview of these analyses. Revenue Requirement Analysis Cost of Service Analysis Rate Design Analysis The above framewo utility. 1.4 Org This repo organ settin ciples, fc the Dis propo study repo • Section • cPrtinn — Rhe revenue requirement to the imer classes of service in a proportional manner Conyers both the revenue rement and cost of service analyses to develop the proposed rates evaluating the rates for the District's water 'ial manner that first provides an overview of utility rate rs that detail the specific steps used to review and develop The following sections comprise the District's water rate Pi of Water Rate Setting Principles pment of the Revenue Requirement Section 4— Development of the Cost of Service Analysis • Section 5— Development of the Proposed Rate Designs A Technical Appendix is attached at the end of this report, which provides the technical analyses that were undertaken in the preparation of the District's comprehensive water rate study. F)' Introduction and Overview Truckee Donner PUD — Comprehensive Water Rate Study 11 Page 18 of 312 2 Overview of Water Rate Setting Principles 2.1 Introduction This section of the report provides background information on the water rate setting process, including descriptions of generally accepted principles as outlined in the American Water Works Association M1 Manual (AWWA Ml), types of utilities, as well as methods of determining the revenue requirement, cost of service analysis, and rate design to support the requirements of Proposition 218. This information is useful for gaining a better under ding of the details presented in Sections 3 through 5 of this report. 2.2 Generally Accepted Rate Setting Princip As a practical matter, all utilities should consider settin accepted or global principles and guidelines. Utility rate4 ■ Easy to understand and administer Designed to conform to generally Stable in their ability to provide operating, and regulatory requirem ■ Established at a level that is stable f 2.3 Determining Most public utilities ui requirement and ultim setting literature. The i additionally, a period of to de is usual prised of ome generally II revenue ting the utility's financial, a customer's perspective method y or approach for establishing the revenue asis methodology is well documented in rate conforms most public utility budgetary requirements and to understand. A public utility totals its cash expenditures for Iuired revenues. The revenue requirement for a public utility ses: This includes a utility's operation and maintenance (O&M) licable taxes or transfer payments. Operation and maintenance labor, benefits, materials, electricity, chemicals, supplies, etc., utility functioning. Total CapitalWpenses: Capital expenses are calculated by adding debt service payments (principal and interest) to capital improvement projects financed with rate revenues. In lieu of including capital improvement projects financed with rate revenues, a utility sometimes includes depreciation expense or annual renewal and replacement costs to stabilize the annual revenue requirement. 1 "Cash basis" as used in the context of rate setting is not the same as the terminology used for accounting purposes and recognition of revenues and expenses. As used for rate setting, "cash basis" simply refers to the specific cost components to be included within the revenue requirement analysis. F) Overview of Water Rate Setting Principles 12 Truckee Donner PUD — Comprehensive Water Rate Study Page 19 of 312 Under the cash basis approach, the sum of the total O&M expenses plus the total capital expenses equals the utility's revenue requirement during the selected period of time (historical or projected). Note that the two portions of the capital expense component (debt service and capital improvement projects financed from rates) are necessary under the cash basis approach as utilities generally cannot finance all of their capital facilities with long-term debt. At the same time, it is often difficult to pay for all capital projects (capital expenditures) on a "pay-as-you-go" basis given that large capital expenditures may have a significant rate i t on a utility, even when financed with long-term debt. Many utilities have found that a c ation of pay-as-you- go funding and long-term financing will often lead to the minimizati rate increases (impacts) over time. logy or appro o establish the provides service holesale or use e utility basis roach (see d to serve the wholesale or herein has used the cash basis approach to establish the the Study is discussed in more detail in Section 3 of this report. After the total re'e requirement is determined, it is allocated to the appropriate cost component(s) and then proportionally distributed to the users (customer classes) of the service. This process, developed through a cost of service analysis, reflects the cost relationships for producing and delivering water services to the utility's customers. A cost of service analysis is composed of three analytical steps: 1. Costs are functionalized or grouped into specific cost categories related to providing service (e.g., supply, treatment, transmission, distribution, pumping). This step is largely accomplished by the utility's accounting system. F)' Overview of Water Rate Setting Principles 13 Truckee Donner PUD — Comprehensive Water Rate Study Page 20 of 312 2. The functionalized costs are then allocated to specific cost components. Allocation refers to the arrangement of the functionalized data to the appropriate cost component(s). For example, a water utility's costs are typically allocated as commodity (average demand), capacity (peak demand), customer, or fire protection related. 3. Once the costs are allocated to the appropriate cost component(s), each cost component is then proportionally distributed to each identified customer class of service (residential, commercial, etc.). The distribution is based on each customer class's proportional contribution to the cost component (i.e., benefits received from a d burdens placed on the system and its resources). For example, customer -related are proportionally distributed to each class of service based on the total numbe ustomers in that class of service, relative to all other classes of service. Once I costs (i.e., the total revenue requirement) are proportionally distributed, t en om each customer class of service required to achieve cost -based rates Sj i e determ A cost of service analysis was developed for the Districts r utility as a part •s study. This aspect of the study is discussed in more detail in Secti of this rgport. 2.5 Designing Water Rates Rates that meet the utility's cost -based an results and findings from both the reven cost information from these two analys proportional. The average unit costs (i.e., consider, or take into account, other non- economic development, abil revenue these goals and objective be t n into c take into consideration custom lass's p cost of service analy mee development of the Dist sed w 5. roportional Lives are designed based on the ment an of service analyses. Using the ates t re strictly cost -based and bas om the cost of service do not b goals d objectives (e.g., conservation, ility). In designing the final proposed rates, •deration. However, the proposed rates must tional share of costs distributed through the eVs of establishing the proposed rates. The 'fe designs is discussed in more detail in Section F) I Overview of Water Rate Setting Principles 14 Truckee Donner PUD — Comprehensive Water Rate Study Page 21 of 312 3 Development of the Revenue Requirement 3.1 Introduction The development of the revenue requirement analysis is the first analytical step in the three -step comprehensive rate study process. This section of the report discusses the development of the District's water revenue requirement. The District's revenue requirement analysis was developed using the District's revenue, expense, and customer data. The revenue requirement analysis developed herein determines the the District's overall water rates at current rate levels. From this an made as to the overall level of rate revenue adjustments n prudent funding for both current and projected operating a c itE an independent analysis based on information provided b Distri 3.2 Determining the Revenue Requi In developing the District's water revenue requireme utility must financially "stand on its own" and be proper That is, no transfers from other District f occur to su the District's water utility. As a result, t equii analysis, as developed herein, assumes the an needed to operate and maintain the Distric wat s financially sound and prudent H - The first step in calcul�l a time period or time f requirement w Ic the analysi 2035. W revenues settin oses was U yeartim By anticipa changes, the aacy and cost -basis of determination can be vide adequate and . HDR developed "In developing the District's water revenue requirement, the water utility must financially "stand on its own" and be properly funded." e re t for the District's water utility is to establish e reven uirement analysis. For the Study, the revenue 10 -year time period (FY 2026 — FY 2035). The starting point of a liminary FY 2026 budgets, which were projected through FY xpen ere projected for a ten-year period, the focus for rate ediat five-year period of FY 2026 — FY 2030. Reviewing a multi- ed to identify major financial impacts that may be on the horizon. I requirements sooner, the District can begin planning for these short-term rate impacts and likely overall long-term rate levels. The second step inWetermining the revenue requirement was to determine the basis of accumulating costs. For the District's revenue requirement analysis, a cash basis approach was utilized. As noted in Section 2, the cash basis methodology is the most common approach used by public/municipal utilities to establish the technical analysis. This is also the approach that the District has used in prior water rate studies. Table 3 — 1 provides a summary of the cash basis approach and details the cost components used to develop the District's water revenue requirement. F) Development of the Revenue Requirement Truckee Donner PUD — Comprehensive Water Rate Study Page 22 of 312 + Water Operation and Maintenance Expenses + Rate Funded Capital + Debt Service (Principal + Interest) — Existing and Future + Change in Working Capital = Total Water Revenue Requirement - Miscellaneous Revenues = Net Revenue Requirement (Balance Required fro er Rate Revenues) Given a time period around which to develop the revenuegWuire accumulate the costs, the focus shifts to the develop revenues and expenses. The primary financial inputs in the development ofi FY 2025 and preliminary FY 2026 budgets, recent bilk recently developed water capital improvement plan. Projecting Rate and Othe project nd a method to 1kf the District's RUirement were the District's nd consumption data, and the nues Once the method and time period for dev ing t equirement is established, the next step is to develop a project' of the wa r evenue at present rate levels. In general, this process involves develo ted bil nits (i.e., meter size, billed consumption) for each customer class or ra edul ., resid al and commercial). The billing units for each customer class were multiplby the c nt adopted water rates. This method of independently calcula even ted revenues used within the analysis to the projected billing units. It s to con I at the billing units used within the Study are reasonable for es o cting future revenues, proportionally distributing costs, and establish in r ate The Di currently has rate r'te schedules for its residential and commercial customers. All custo have a fixed rge by service meter size and a variable consumption charge. The consumption charge for residential customers Rate R ($000s) is a two-tier increasing block rate structure. The Commercial, commercial consumption charge is a uniform $1,958 rate. In addition, customers may be charged a pump zone charge which reflects the cost of Pump Zone Charges,$966 pumping water to higher pressure zones. The majority of the District's water rate revenue is derived from the residential customer class. In total, the District is projected to receive approximately $20.1 million in rate revenue in FY 2025. The rate study has assumed a conservative average level of customer growth F) Development of the Revenue Requirement 16 Truckee Donner PUD — Comprehensive Water Rate Study Page 23 of 312 of 0.6% / year for the review period. By FY 2030, the rate revenues, given assumed growth and assuming no rate adjustments, are projected to be approximately $20.5 million. In addition to the rate revenues described above, the District also receives miscellaneous water revenues. These are revenues related to interest earnings, other miscellaneous revenues, standby revenues, and rents. In total, the District is projected to receive approximately $680,000 in miscellaneous revenues in FY 2025. This amount of miscellaneous revenues is expected to decrease to approximately $627,000 by FY 2030 due to reserve fund usage and declining standby revenues, leading to a decrease in interest income. Generally, all other mellaneous revenues are flat over the Study time period. On a combined basis, taking into account the water rate revenu the District's water utility has total projected revenues of appro which is projected to increase to approximately $21.1 millioryliy Projecting Operation and Mainten scellaneous revenues, 67 million in FY 2025, Operation and maintenance (O&M) expenses are in d by the ict to provide water service (supply, treatment, transmission, and distributio nc g the daily operation and maintenance of the existing infrastructure. The Dist vided detailed budgeted O&M expenses and projections of known O&M nges as a par e Study. Using the FY 2025 and FY 2026 O&M budgets, O&M expenses ted over view period using projected escalation factors. The escalation factors w devL. sed o ssumed annual inflation and recent experiences of the District as well as ge y. The total O&M expenses for the District are approximately million n the F 2025 budget. Over the planning horizon, the total O&M exp Distric projected to increase to approximately $16.8 million by FY 2030 based stimat nnual i ionary impacts of approximately 4.0%. J • V Projecting A key corn adequately facing ut' additi meetin capital pro of the Distri In general, there a the following: s and Transfer Payments opment of the water revenue requirement is properly and ment needs for the water system. One of the major issues r al and replacement (R&R) capital improvement needs. In ling essure from growth/expansion-related improvements and ?quirements and mandates. The proper and adequate funding of issue for all water utilities and is not just a local issue or concern e types of capital projects that a utility may need to fund. These include Renewal and Replacement - Renewal and replacement projects are projects required for maintaining the existing facilities and system that is in place today. As the existing plant or pipelines become worn out, obsolete, etc., the utility should be making continuous (annual) investments to maintain the integrity of the facilities. Growth / Capacity Expansion - A utility may need to make capital investments to add or expand the capacity of the facilities needed to accommodate future capacity needs (customers). F) Development of the evenue ttequirement Truckee Donner PUD — Comprehensive Water Rate Study Page 24 of 312 Regulatory -Related - The last type of capital project may be a function of a regulatory requirement in which the Federal or State government mandates the need for an improvement to the system to meet a regulatory standard. These regulatory -related projects are often unfunded mandates. Understanding these different types of capital projects is important because it aids in explaining why capital improvement costs are increasing and driving necessary revenue adjustments. In addition, the way in which projects are funded may vary by the type of capital project. For example, renewal and replacement projects should be paid for via rates and funded on a "pay- as-you-go" basis. In contrast to this, growth or capacity expansion p is may be funded through the collection of development or water connection fees (i.e., th-related charges) in which new development pays a proportional share of the cost oft 'ties necessary to serve their respective development (impact). Finally, regulatory proje ay ded by a variety of different means, which may include rates, long-term debt, gLt , etc. While the above discussion appears to precisely divide categories, the reality of working with specific ca example, a pump may be replaced, but while bei greater capacity to serve increasing demands or new share these "joint" characteristics. For purposes of developing the capital 01 system capital improvement plan (CIP), w deficiencies and improvements to the wate review and discussion of the fundir develop a rate transition pl tely Provid Distric Distric capita the TE throu€ cts into threrly defined nay be more mplex. For s up -sized to accommodate There are many projects that ding plan, District provided the water 'isting apital projects that address • in the recent planning study. A was hel with District staff to review and nnual capital improvement needs. Total Capital Projects $4,289 $9,440 $8,809 $8,669 $8,606 $9,147 Plus: Funds Held in Reserve for Future Projects 1,343 0 0 0 0 0 Less: Debt Issues 0 0 0 0 0 0 Less: Other Funding 632 2,440 1,559 1,319 1,156 1,597 Total Rate Funded Capital $5,000 $7,000 $7,250 $7,350 $7,450 $7,550 F) Development of the Revenue Requirement Truckee Donner PUD — Comprehensive Water Rate Study Page 25 of 312 As can be seen in Table 3 — 2, the overall level of capital improvements varies from year-to-year to meet the overall capital replacement needs as outlined in the capital improvement plan. The capital improvements are primarily related to renewal and replacement needs. While the total amount required to fund projects may vary from year-to-year, the rate study has provided a consistent annual funding source for capital improvements (i.e., rate revenues). In this case, rates will annually fund $5.0 - $7.6 million (as highlighted in Table 3-2). To fund the remaining capital needs, available reserves and facility fee revenues will be utilized. A desirable and recommended minimum funding target for rate funde equal to or greater than annual de "A desirable and I District's annual depreciation e pital is an amount ion expense. The i FY 2023 was recommended m►n►mum I approximately $4.8 million. This Ian will move the fundingtargetforrate I District to funding approximatel .5 tim rent depreciation funded capital is an I expense. It is important t to and and d that annual amount equal to or I depreciation expense is e same as replac t cost. Thus, greater than annual I funding an amount wh' xceeds nual deprecia'W expense is depreciation expense." I both prudent and a riate. veloping this financial plan, HDR and the District h ted to minimize rate impacts while providing adequate funding for the planned capita ovement projects of the District's water utility. 3.7 Projection of Debt Service The District currently has two o Water COP. The debt service the rate setting period a e assessment revenues tots approximately $2.0 m in F to fund portions of the e 2025 is $1.5 mcreas new utility is es $960,00 rting in FY . I plann the District to 1 As a point re structures of needs and utilize discussions with Dis anding lo debt issuances, the Pipeline COP and 2022 associa ith the Pipeline COP are incurred throughout id in part, ough annual rate revenues, facility fees, and t e issues ve an annual debt service payment of cility fees and assessment revenues are used t, whic ces the impact to rates. Net debt service in FY $2.5 million by FY 2030 with the addition of debt service for a ed to have an annual debt service payment of approximately n in Table 3 — 2, no additional (new) long term debt is water capital improvement plan. H is not providing municipal advice as it relates to bonds, terms, or Rather, this rate study has identified projections of future funding ative assumptions for financial modeling/planning purposes based on staff. F) Development of the Revenue Requirement Truckee Donner PUD — Comprehensive Water Rate Study Page 26 of 312 3.8 Transfers The final component of the revenue requirement is transfers in or out of the water operating fund. The transfers in include the facility fees and assessment revenues used to offset annual debt service payments. The transfers out consist of the annual transfer to the vehicle reserve and transfer of funds to the operating reserve to maintain prudent ending reserve fund balances for the water utility. Note, the transfers out are water related revenues and are held in reserves to fund water related expenses and are not used to fund other District costs. 3.9 Summary of the Revenue Requirement Given the above projections of the revenue and expense componen mmary of the District's water revenue requirement analysis can be developed. In deve g venue requirement analysis, attention was given to the financial planning conside a ns of th rict. In particular, emphasis was placed on minimizing rates while adequate ding annual expenses and capital improvement needs throughout the review per- resented below in e 3 — 3 is a summary of the District's water revenue requireme ed on p •ected expens and current rates. Detailed exhibits of this analysis can be foun e Tecfj Appendix in Exhibits 1— 6. FY 2025 FY 2 Y 2028 FY 2029 FY 2030 Revenues Rate Revenues $20,1 $20,246 $20,322 $20,399 $20,477 Misc. Revenues 680 683 654 639 621 627 Total Revenues $20,74 $20,853 $20,900 $20,961 $21,020 $21,104 Expenses O & M 3 $14,36 $14,931 $15,518 $16,127 $16,761 Rate Funded C 00 7,000 7,250 7,350 7,450 7,550 Annual Net rvi 1,526 1,530 2,490 2,481 2,486 Transfer rve Funding (728) (94) (171) 805 1,884 To enses 20,748 $22,164 $23,617 $25,187 $26,864 $28,682 Bal./(Def.) ds $0 ($1,311) ($2,717) ($4,226) ($5,844) ($7,578) Bal. as a % of R v. 0.0% -6.5% -13.4% -20.8% -28.6% -37.0% Proposed Rate Re 0.0% 6.5% 6.5% 6.5% 6.5% 6.5% Add'I Rev. from Rate A . $0 $1,311 $2,717 $4,226 $5,844 $7,578 Total Bat./(Def.) of Funds $0 $0 $0 $0 $0 $0 As can be seen, the revenue requirement has summed the O&M, rate funded capital, net debt service, and transfer/reserve funding. The total revenue requirement (i.e., expenses) are then compared to the total revenues, which include the rate revenues - at present rate levels - and other miscellaneous revenues. From this comparison, a balance or deficiency of funds in each year can be determined. This balance or deficiency of funds is then compared to the rate F) Development of the Revenue Requirement 20 Truckee Donner PUD — Comprehensive Water Rate Study Page 27 of 312 revenues to determine the level of rate adjustment needed to meet the revenue requirement. It is important to note that the "Bal. / (Def.) of Funds" row is cumulative. That is, rate adjustments in the initial years will reduce the deficiency in later years. Based on the revenue requirement analysis developed for the District's water utility, HDR has concluded that the overall level of rate revenues will need to be adjusted over the next five years (FY 2026 - FY 2030) to maintain prudent funding of capital improvement needs and fund annual O&M expenses. As a part of the analysis, a rate transition plan has been developed. As can be seen above in Table 3 — 3, the proposed annual rate adjustments (blue s ed line) have been developed to adjust rates over the five-year period and meet the oper and capital needs of the District's water utility. 3.10 Reserve Levels Another key element of determining the financial health utility is a review of the level of available reserves afte generally have different reserves, each with a differ will maintain an operating reserve, capital reserve, c cases, an emergency or rate stabilization reserve. Ea minimum ending balance that if reached or falls below, is the revenue sources associated with i nd. The depending on the purpose or objective of For the District, there are several different operating reserve fund, capvemE reserve, facility fee resery nect ee r were reviewed during evelop of 1 fund given that this r e is th target minimum balance is setting period, opera ash fund I minimum I rage Ratios rCistainability o istrict's water proposed rate adjus ts. Utilities spe purpose. Typi ally, a utility a wth) fee reserve and in some ese funds can have a different al that the District should review i ending balances will vary 'xo revenue sources. • nds.-IWse are the operating cash fund, rve, vehicle reserve fund, deferred liability and debt service reserve. Each of these funds study with the focus on the operating cash i source for operating and capital needs. The of O&M expenses. Over the course of the rate ;e decreases and remains below the target When long- debt is is , specifically for municipal revenue bonds, the District enters into a contractual agr nt that require a specific level of revenue to be generated each year in excess of O& s and annual debt service payments. As noted previously, the District has two outstandi debt issuances. Generally, the financial markets require a minimum coverage ratio of 1.25 times. In other words, the revenue available for debt service after O&M expenses is at least 1.25 times the amount of the annual debt service payment. Given this required minimum, utilities often target for financial planning purposes a coverage ratio greater than the required minimum. Typically, this may be 1.30 times to 1.50 times to account for potential fluctuations in revenues and expenses. Provided below in Table 3 — 4 is a summary of the debt service coverage ratios for the District's water utility before and after the proposed rate adjustments shown in Table 3 — 3. F�� DevcwNi,acuI, vI u.c ncvciiuc "cyuiicinent Truckee Donner PUD — Comprehensive Water Rate Study Page 28 of 312 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Before Rate Revenues Adjustment 3.53 3.27 3.00 1.85 1.66 1.48 After Rate Revenue Adjustment 3.53 3.93 4.37 3.28 3.65 4.05 As can be seen in Table 3 — 4, the District is meeting the minimum to ratios and maintains a strong financial position with the proposed rate 3.12 Consultant's Conclusions The revenue requirement developed for the District's annual rate revenue increases to adequately fund the Di needs. To meet the overall revenue needs during th adjustments of 6.5% in FY 2026 through FY 2030 ar The above rate adjustments, on a cumulative basis, met the projected O&M expenses and capital ing needs Based on the revenue requirement analy_1opec the District will need to adjust the level of er r based rates. HDR has reached this conclusio r th c �bt service coverage nue adjustments. Ntility has in water utility op r rare setting per d the need for and capital nnual rate verall revenue needs to support e five-year rate setting period. dy, HDR has concluded that I ted above to maintain cost- easons: Rate adjustments are y to ful he District's capital improvement plan Rate adjustments a cess to fund ual O&M expenses, including past and future inflationary incr in ann &M exp es The proposed' policies) and pro Prior t the ct s In rea annual ra expenses a !'he District's financial health (i.e., financial e funding levels of the fifth and final proposed rate adjustment in FY 2030, 3 review/update of the water rates , HDR"would recommend that the District adopt the proposed gh FY 2030 to provide sufficient funding for the annual operating nent program. F) Development of the Revenue Requirement Truckee Donner PUD — Comprehensive Water Rate Study Page 29 of 312 4 Development of the Cost of Service Analysis 4.1 Introduction In the previous section, the revenue requirement analysis focused on the total revenues and expenses required to adequately fund the District's water utility. This section of the report will provide an overview of the development of the District's water utility cost of service analysis, which is the second analytical step of the comprehensive water rate study._ A cost of service analysis determines the proportional requirement to the customer classes of service (e.g., re! charges). The previously developed revenue requirement development of the District's cost of service analysis. 4.2 Objectives of a Cost of Service Stu There are two primary objectives in conducting a Proportionally distribute the classes of service, and Derive average unit costs (i.e., District's water The objectives of a cost of service analysis al As noted in the previous section, a revenue financial needs, while a cost of c..ice anal' collect the calculated reveni ent The results of the cost development of the fi of service analysis provi proportional related co con water uti curs c related cost o capacity needs. should pay their p costs provide the rel rates. f the total revenue mercial, pump zone ►was utilized in the requirement to the customer uent rate designs 2 ping a revenue requirement. Is determines the utility's overall proportional manner in which to s determihe average unit costs, which are used in the cess, the design of proposed rates. The cost cost of w er consumption based on each customer class's Ily, the cost of service also proportionally assigns customer- )er equivalent meter cost. o rvice is designed to proportionally distribute costs. For example, a el d to meeting average day, peak day, fire protection, and customer - such, a water utility must build sufficient capacity2 to meet peak hose customers contributing to those peak demands on the system anal share of the costs to provide the capacity in the system. The unit ship between these components, which are then used to set cost -based 2 System capacity is the system's ability to supply water to all delivery points at the time when demanded. Coincident peaking factors are calculated for each customer class at the time of greatest system demand. The time of greatest demand is known as peak demand. Both the operating costs and capital asset related costs incurred to accommodate the peak demands are generally distributed to each customer class based on the class's contribution to the particular peak use event. 011 Development of the Cost of Service Analysis Truckee Donner PUD — Comprehensive Water Rate Study 23 Page 30 of 312 4.3 Determining the Customer Classes of Service The first step in a cost of service analysis is to determine the customer classes of service. Based on discussions with District staff, review of the customer data, and previous studies, the classes of service used within the District's cost of service analysis were: ■ Residential ■ Commercial h Pump Zones In determining classes of service for cost of service purposes, the obje together into similar or homogeneous groups based on similar f demand characteristics. Pump zones are separated out to provi specific costs associated with providing water at different ., I residential and commercial customers in those zones. 4.4 General Cost of Service Procedu A cost of service analysis utilizes a three -step approa of functionalization, allocation, and distribution. Provi cost of service analysis conducted for the District and the The approach used for the District's Studs ms to gE cost of service methodologies, which are liFi specific system and customer characteristic 4.4.1 Functionalization of The first analytical step in t is the arrangement of ex function (e.g., supply tme was a limited amoun uni accomplished within the 4.4.2 A The secoi costs. how ea following IKto group customers requirements and/or hod to distribute the ELDressure zones to ts. These steps take the form is a detailed discussion of the c steps taken within the analysis. ccepted and industry standard 1 Manual and the District's s is called functionalization. Functionalization wells, pipes, pumps) data by major operating age, distribution). Within the Study, there cost data required since this was largely fo in a water cost of service analysis is the allocation of the sts i ded within the revenue requirement examines why and what type of need is being met by incurring those expenses. The used to develop the cost of service analysis: Commo elat sts: Commodity costs are those costs which tend to vary with the total quant ter consumed by a customer. Commodity costs are those incurred under average ad (demand) conditions and are generally specified for a period of time such as a month or a year. Chemicals or utilities (electricity) are examples of commodity - related costs as these costs tend to vary based on the total volume (amount) of water consumed. Capacity -Related Costs: Capacity costs are those which vary with peak demand, or the maximum rates of flow to customers. System capacity is required when there are large 011 Development of the Cost of Service Analysis Truckee Donner PUD — Comprehensive Water Rate Study 24 Page 31 of 312 demands for water placed on the system (e.g., Water Cost Servi summer lawn watering). For water utilities, capacity- of Analysis related costs are generally related to the sizing of Terminology facilities needed to meet a customer's maximum Functionalization — The water demand at any point in time. For example, arrangement of the cost data by portions of distribution storage reservoirs and functional category (e.g., source of distribution mains (pipes) must be adequately sized supply, treatment, etc.). to meet peak demand requirements (capacity). • Customer Related Costs: Customer costs are those Allocation a assignment of costs which vary with the number of customers on functiona costs to cost the water system. They do not vary with system compo (e.g., commodity, output or consumption levels. These costs are also cap omer, and fire sometimes referred to as "readiness to serve" or r Lion re "availability" costs. Customer costs may also sometimes be further allocated as either actual — uting the weighted. Actual customer costs alloca ed costs to e class of proportionally, from customer to customer, wi ser based on each class's ortional contribution to that addition or deletion of a customer, regardless oft ecific cost component. size of the customer. An example of an actual customer cost is postage for maili is cost ty Cost: — Costs that are does not vary from customer clas d as commodity -related regardless of the size or consumption acter with the total consumptive use of the customer. In contrast a weight c er water e. ( g., chemical use at a cost reflects a dispropo ost, fro omer treatment plant). to customer, with additi or del of a customer. Examp weight ustomer is are Capacity Cost! — Costs allocated as items such as m ainte s here capacity -related reflect the peak a larger meter .r sig y more demands placed on the system by expensive than Her meter. each customer class. Facilities are designed and sized around meeting Fire ction d C Fire protection costs these peak demands. ar se costs rel to th blic fire protection ns. Usually, s costs are those related to Fire Protection Costs — Costs that pub hydrants a he oversizing of mains and are related to fire protection distrib storag ervoirs for fire protection services (e.g., hydrants, oversizing purposes. of storage and distribution mains). Revenue RelalCosts: Some costs associated with the utility may vary with the amount of revenue Customer Costs —Costs allocated as received by the utility. An example of a revenue customer -related vary with the related cost would be a utility tax, which is based on number of customers on the system the gross utility revenue. (e.g., metering and customer billing costs). F)' Development of the Cost of Service Analysis 25 Truckee Donner PUD — Comprehensive Water Rate Study Page 32 of 312 4.4.3 Development of Distribution Factors Once the allocation process is complete, the allocated costs are proportionally distributed to each customer class of service. The District's allocated revenue requirement is distributed to the previously identified customer groups using the following distribution factors: Commodity Distribution Factor: As noted previously, commodity -related costs vary with total water consumption. Therefore, the commodity distribution factor was based on the projected total metered water consumption, plus water losses, for each class of service for the projected test period based on recent annual metered water consmption data for each customer class of service. Capacity Distribution Factor: The capacity distribution factor estimated contribution to the water system peak demand demand use by customer class of service was estimated loped based on the ustomer class. Peak k demand factors for each tier for residential customers and total cons ion for comm customers. In this particular case, the peaking factor was dev d based on a revie e average month to peak month usage of each residentr and c ercial consu ption. Given an estimated peak demand factor, the peak ntri n for each tier of residential customers and the commercial class of service wa ned. Customer Distribution Factor: Cust costs vary w e number of customers on the system. Two basic types of custo ion fac ere identified, actual and weighted. The distribution factors for al cu ere ased on the projection of the number of customers for each cu e ss eveloped within the revenue requirement. The weigh mer di ion factors are also broken down further into two factors which a t to lect th proportionate costs associated with serving different types of mers. T irst weig customer distribution factor is for customer service and acc g. This to er distribution factor takes into account any differences in prov mer s nd billing to different customer classes. In the District's the c er service and accounting distribution factor was held constant based umb actual customer accounts. The second weighted customer dis ion facto or and services. This factor reflects the different costs iated with prov servi e to larger sized meters based on the number of equivalent me or each custo r class of service. Public otecti istribution Factor: The development of the distribution factor for public fire expenses involved an analysis of each class of service and their correspondin flow requirements. This distribution factor took into account each class's gallon per minute (gpm) fire flow requirements in the event of a fire, along with the duration of the required flow (e.g., 1,000 gpm for 120 minutes). The fire flow rates used within the public fire protection distribution factor were based on industry standards and fire flow estimates for the District. The minimum fire flow requirements are then multiplied by the number of customers in each class of service and the assumed duration of the fire to determine each class's prorated fire flow requirements. F)' Development of the Cost of Service Analysis Truckee Donner PUD — Comprehensive Water Rate Study 26 Page 33 of 312 Revenue Related Distribution Factor: The revenue related distribution factor was developed from the projected rate revenues for FY 2026 for each customer class of service. These same revenues were used within the revenue requirement analysis discussed previously. As mentioned before, in a cost of service analysis, the customer classes represent a group of similar or homogenous customers such as residential or commercial customers. For this analysis, however, additional cost detail was needed when distributing the costs. This meant that the commodity and capacity distribution factors had the classes further broke down given that the residential customer class has two tiers and commercial has a single tie he development of the cost basis for the rates (i.e., cost basis under Proposition 218). F r discussion related to the distribution of costs is discussed in more detail in the rate desi is provided in Section 5 of this report. 4.5 Functionalization and Allocation of As noted, the first steps of the cost of service analy ' the fun nalization and allocation of plant in service. In performing the functionalization nt in ce, HDR utilized the District's historical plant (asset) records. Once the plant assets onalized, the analysis shifted to the allocation of the assets. The allocation process inclu viewing each group of assets and determining which cost allocators the as e related t example, the District's assets were allocated as: commodity related, a ed, cus r related, revenue related, public fire protection -related, or a direct ignm e below is a summary of the allocation process for the District's plant in s ce fol g approach is based on generally accepted cost of service met s as de d in the American Water Works Association (AWWA) M1 Manual, Pri s o ter Rat Fees and Char es and the District's specific system characteristics. Source of Supply Source of supply was allo and peak day 49% com -re specific demand (comrr needs). Water treat way 51% capacity. allocation reflects needs on the system. 'he basis oft relationship between average day (commodity) the operation of the system, the source of supply assets were pacity-related. This allocation reflects the District's system s) in relation to the system's average day demands Fed in the same manner as source of supply, 49% commodity and generally considered an extension or component of supply. This ation of the treatment facilities meeting average and peak demand Land and Buildings Land and buildings were allocated the same as supply and water treatment, 49% commodity and 51% capacity. This reflects the operation and purpose of a water system, which provides average and peak demands. 011 Development of the Cost of Service Analysis Truckee Donner PUD — Comprehensive Water Rate Study 27 Page 34 of 312 Storage Storage reservoirs are typically operated to meet at least two types of needs —peak demands and fire protection. The total storage capacity of the District's reservoirs was examined, and consideration was given to the capacity required for fire protection under a fire event scenario. This amount of capacity, in relation to the total storage capacity, is considered fire protection related. The remaining balance of storage capacity is considered to be in place to meet peak demands. This resulted in 94% of the storage reservoir costs being assigned to peak day capacity and the remaining 6% to be assigned to the public fire protection component. Transmission & Distribution Transmission and distribution lines (mains) are typically assumed to a distribution system must be in place to meet a customer's water. This portion of the distribution main plant investment ' r the number of customers served. This can be allocated a customer r cost or as the number of equivalent meters on the system. Next, a por ' of the distributi tern mains is considered to be a function of meeting peak capacity irements on the syste istribution mains must be sized to adequately meet the maxi (peak) s demanded by customers. This portion of the distribution main plant investmen si capacity -related and is based on the proportion of mains sized to meet these peak s. Finally, even with the sizing of mains to meet peak demands, distribu ' mains mus be sized for public fire flow requirements. In other words, on the day eak dem the system, there must still be sufficient over -sizing of mains to meet t adai. re flo uirement. This final portion of over -sizing for distribution plant investme alto lic fire protection related. Based on an analysis of the District's 'bution m assignment of the distribution mains was determined to be 33% cap d, 62% hted customer meters and services -related, and 5% fire protection re three functions. First, use requirements for sid o be a function of Additionally, pumpingi District with the ability Meters an This categ 100% w which General General plant por ' Ily allocated as all other assets as outlined in the above categories. The exception t laboratory equipment. Laboratory equipment is allocated as 100% commodity related en the purpose is the testing of water and does not vary based on the amount of water produced or sold. �% to pump zones. These assets provide the nt pressure zones within the District's system. rs, GIS equipment, etc. These assets have been allocated as services. Also included in this category are fire hydrants, public fire protection related. Table 4-1 provides a summary of the basic functionalization and allocation of the District's major water system infrastructure. A more detailed exhibit of the District's functionalization and allocation of plant investment can be found in the Technical Appendix in Exhibit 11. 011 Development of the Cost of Service Analysis 28 Truckee Donner PUD — Comprehensive Water Rate Study Page 35 of 312 Capacity Customer c . y E N y y Plant Component c a a +'- +�+ �A E E L H , sa_o sa_o > L o tw Q U a '" y '" WW U 3 U 3 2 LL Source of Supply 49% 51% 0% 0% 0% 0% 0% 0% 0% Water Treatment 49% 51% 0% 0% 0% 0/ 0% 0% 0% Land and Buildings 49% 51% 0% 0% 0% 0 0% 0% 0% Storage 0% 94% 0% 0% 0% 0% 0% 0 0% 0% Transmission/Distribution 0% 31% 0% 0% 0/ 58% 0% 0% 6% Meters and Valves 0% 0% 0% 0% 88°/ 0% 12% 0% 0% General Plant 5% 28% 0% 0% 0% 7% 0% 3% 4.6 Functionalization and All ' n of Op ing Expenses As noted in the AWWA M1 Manual, ope g (reve requirement) are generally functionalized and allocated in a manne ilar responding plant account. For example, the maintenance of distribution Ilocat in the same manner (allocation percentages) as the plant ac istribu nains. This approach to the allocation of the District's water utility rev requi ent wa d for this analysis. For the District's wat e stu quirement for FY 2026 was functionalized, allocated, and distribut ed in 3, the District utilized a cash basis revenue requirement, s co d of operation and maintenance expenses, rate funded capital, net debt s erve ing. A more detailed review of the functionalization and allocatio he reven uire can be found in the Technical Appendix in Exhibits 12 — 16. 4.7 Ma ssum ns of the Cost of Service Analysis A number of ke ons were used within the District's water rate study. Below is a brief discussion of them ssumptions used: The test period used for the water cost of service analysis was FY 2026. The revenue and expense data was previously developed within the revenue requirement analysis ■ A cash basis methodology was utilized, which conforms to generally accepted water cost of service approaches and methodologies The allocation of plant in service was developed based on generally accepted cost allocation techniques. Furthermore, it was developed using the District's water utility specific data and characteristics F)' Development of the Cost of Service Analysis 29 Truckee Donner PUD — Comprehensive Water Rate Study Page 36 of 312 Consumption by class of service and pricing tier were developed for each class of service from historical usage information provided by the District Peak demand capacity distribution factors were estimated based on each customer group's average to peak month relationship ' Q Development of Cost -Based Water Rates The cost -basis and proportionality of the proposed rates are of paramount importance when developing the Study. Given this, the District's proposed water rates ha been developed to meet the requirements of California Constitution Article XIII D, Sectio Article XIII D). A key component of Article XIII D is the development of rates which reflect ost of providing service and are proportionally distributed to the identified customer clas ice. HDR would point out that there is no single prescribed methodology for prop nally ping costs to the various customer groups. The American Water Works Ass ion (AWW Manual clearly delineates various methodologies which may be used to lish cost -based In addition, Article XIII D does not prescribe a particular meth gy for e tablishing co sed rates. Consequently, HDR developed the District's propo ater ra ased on the methodologies provided in the AWWA M1 Manual to meet the requ n rticle XIII D and to provide an administrative record of the steps taken to establish the is water rates. HDR is of the opinion that the proposed � D. HDR reaches this conclusion based on t The revenue derived from water the property related collect the overall nue r it Study. The revenues dq that for which th I requirements of Article XIII Fot ex -clued the funds required to provide _vice). The proposed rates are designed to the District's water utility as outlined in this all not be used for any purpose other than :harge is imposed. The revenues derived from the District's ively to operate and maintain the District's water system. T ount o e or a imposed upon a parcel or person as an incident of perty ownersh all n exceed the proportional costs of the service attributable parcel. This dy has focused almost exclusively on the issue of proportional assi nt of cost customer classes of service through the development of the cost of ser naly he proposed rates have appropriately grouped customers into customer f service (residential, commercial, pump zones) that reflect the varying consumptio tterns and system requirements of each customer class of service. The grouping of customers and rates into these classes of service creates the cost basis and proportionality expected under Article XIII D by having differing rates by customer class of service which reflect both the level of revenue to be collected by the utility, but also the manner in which these costs are incurred and proportionally assigned to the customer classes of service based on their proportional impacts and burdens on the District's water system. 011 Development of the Cost of Service Analysis 30 Truckee Donner PUD — Comprehensive Water Rate Study Page 37 of 312 The current rate structure includes a fixed charge that is the same for all customers dependent on meter size as well as a consumption (usage) charge. The consumption charge structure for residential customers is a two-tier increasing block rate structure and the commercial consumption charge is a uniform rate. Given the prior discussion on the requirements of setting rates under Proposition 218, the development of the District's cost of service analysis and subsequent average unit costs (i.e., cost -based rate components) provides the basis for the development of the proposed water rates for the District. As a part of this Study, HDR developed the cost of service and water ra esign discussion to clearly demonstrate and support the proposed water rates and tier ricing. The following discussion provides a more detailed analysis of the costing techni d methodologies used to support the District's proposed rate design. 4.9 Determination of Sizing and Number i Piers The District's residential rate structure is currently a two- tier consumption charge. As 140,000,000 part of the Study, recent 120,000,000 consumption data was 100,000,000 reviewed to evaluate if 80,000,000 adjustments to the size or 60,000,000 number of tiers should be recommended. After 40,000,000 reviewing the consumptio 0 data, it was determined the current tier siz re appropriate given e District's histo residential do data. As s in t t, the is reside consu n data analyzed hree separa $ years in or evaluat s 6 the u n Q 5 characteristics the o a + 3 residential custom class 2 I I 111111 had changed. As can be seen 1 in the chart, the consumption 0 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov characteristics of the District's residential Avg Consumption — — Tier 2 customer class have remained relatively consistent over the three-year period reviewed. Total Resid%CConsumj t by Month and Year w 2022-2023 -2023-2024 -2024-2025 Average Residential Monthly Consumption 011 Development of the Cost of Service Analysis Truckee Donner PUD — Comprehensive Water Rate Study Dec 31 Page 38 of 312 The goal in establishing tier sizes for residential customers is to establish the first block at a typical or average level of usage. In reviewing the residential customer monthly consumption data, it was determined that the current tiers reasonably reflected those targeted consumption levels. Provided in the chart is the average consumption by month for the District's residential customers based on FY 2024 consumption data. As can be seen, the current block sizes correspond to customers' average monthly use up to the summer average use (tier one) and the additional use in the summer period (tier two). As a result of this review, HDR recommends that the District maintain the two-tier consumption charge for residential customers. The current rate structure for the District's commercial customers is a orm rate structure. A tiered rate structure is typically not recommended for com al customers as total consumption levels for commercial customers can vary signifgreater use is not necessarily indicative of wasteful use. For that reason, establ g a ti rate structure for commercial customers is difficult, unless the rate structure sizes are in Ily established for each individual commercial customer. An individuall red rate structure omplex and administratively difficult rate structure and is not s ed or r ommended e District. While consumption levels for commercial custome vary s' cantly, the overall customer characteristics (peak use characteristics, timing of Total Commercial mption by Month and Year consumption, etc.) are 120,000,000 similar. As part of the Study, 100,000,000 HDR reviewed the District's commercial consumption 80,000,000 data for the same review 000 period as the resident' 40,0 customer class. As sho the chart, similar he 20, 0 residential customers, - commercial consumpt �a��e` `ion characteristic_ also 5e4 ° a�pe� e�ox� cJac1 �`JaA PQi� �a4 ice � a la Qe remained- r1y I_ -2022-2023 -2023-2024 consist over the period wed. For thes sons, HDR recommends that the District maintain their uniform rate struc or their co rcial customers. -2024-2025 After the numb d g of the tiers have been identified, the pricing of the tiers is the next analytical step. 4.10 Development of the Unit Costs for Rate Designs To begin the assignment of costs related to specific tiers, the results of the cost of service analysis are utilized. The cost of service analysis allocates the revenue requirement to the appropriate cost components of average demand (commodity), peak demand (capacity), and customer (actual and weighted). Provided in Table 4 — 2 is a summary of the allocation of the FY 2026 revenue requirement from the cost of service analysis. 011 Development of the Cost of Service Analysis 32 Truckee Donner PUD — Comprehensive Water Rate Study Page 39 of 312 ++ H v 0 E 0 +_ E -a E o 4, v u Q - U . > w0 L °�,—° E 0 OL H U U U oc oc LL O Q Net Revenue Requirement $21,481 $1,268 $767 $18,241 There is approximately $21.5 million in total costs, the total net which is allocated between the cost components. The tot (e.g., commodity, capacity) is proportionally distribute t'I calculate the monthly fixed meter charge and cons on c basis for the tiered pricing, the allocated costs are f distr components based on the appropriate distribution fac approach used to distribute the revenue requirement to and rate components. 4.10.1Commodity Distribution Facto The commodity distribution factor is based classes of service, and if app[ tier. rates, the following custo asse re Residential —Tie Residential —Tie e $0 79 nue re located to e e customer cla $0 $1,026 ent for FY 2026, L component f service to ar levels. To prd a the cost - d between the rate structure ded below is a discussion of the rious customer classes of service rage Gal use for each of the customer development of the pricing of the proposed To devel e commo istrin factor for each customer class, the usage for each class was dd by the total e of t system. This produces the percentage of the system that each cla esponsible fo d therefore, each class's proportional contribution to commodity related cos ter the re sibility of the commodity related costs have been identified, the total commo late s can be distributed to each customer class and tier based on the previously calcu ibution factors. The final step in developing the unit costs is to divide the costs for each stomer class and tier by the total amount of consumption used in determining each class's proportional share of the commodity related costs. This calculation provides the value on a $ per 1,000 gallon basis, which becomes a component of the proposed consumption rate. Provided in Table 4-3 is a summary of the commodity distribution factor and unit cost development. F)' Development of the Cost of Service Analysis 33 Truckee Donner PUD — Comprehensive Water Rate Study Page 40 of 312 FY 2026 Consumption % of Distributed Unit Cost (1,000 gal) Total Commodity Costs ($/1,000 gal) Residential Tier 1 446,593 43.00% $ 7 $1.22 Tier 2 259,657 25.00% 1.22 Single Family Total 706,250 68.00% 862,32 $1.22 Commercial 332,468 32.00% $405,941 1.22 Total 1,038,718 100. 8,268 $1.22 As can be seen, the development of the commodity dist on factor is fairly straightforward. As an example, tier 1 consumption of the tial class of e represents 43.0% of the total consumption on the system. As a result, commo elated costs ($1,268,268 in total) are distributed to tier 1 of the reside I cust ich s $545,287. The total costs in Column C are taken from Table 4-2. This ap c en for each of the customer classes of service for each rate comp ext, to p the unit costs, the dollars in column C are divided by the consumpti colu . This Its in the cost -based commodity component of the proposed rates f ch custo r class. 4.10.2Capacity Distri ctor The capacity di 'on fa tilizes the same customer classes as in the development of the commodity cto . ereas commodity costs are related to the total volume of water us each clas rvic tier, capacity is related to how each tier or class consumes at differ t ways and at different times, thus creating different usage in rent peak demands. These usage patterns drive how the District D t the demands of customers, regardless of when they occur. To y tier or class, peak demand factors need to be developed for each and tier. The peak demand factors for a class of service are estimated metered data related to peak demands for each customer class and tier. water. omers use w patterns, ch results must size t stem t determine the ibut customer class o due to a lack of spe The method used to estimate customer class and tier peak demand factors is to review the average monthly volume of water consumed and compare it to the maximum monthly usage of water (i.e., relationship of average month to peak month). By dividing the maximum month by the average month, a reasonable surrogate for the peak factor is determined. This factor provides the difference between the average demand and peak demand in each tier or class. For example, if a customer used 10.0 CCF per month on average and in the peak month 15.0 CCF was used, the peak factor would be 1.50 (15.0 / 10.0 = 1.50). In this example, the peak factor is stating that the F)' Development of the Cost of Service Analysis 34 Truckee Donner PUD — Comprehensive Water Rate Study Page 41 of 312 maximum demand in a month is 1.50 times higher than the average demand per month. Using this same calculation for each customer class and tier, the capacity distribution factors can be developed. Shown below in Table 4-4 is a summary of the capacity distribution factors for each customer class and tier. Average Peak Distri FY 2026 Unit Cost Demand Peak Demand % of C umption ($/1,000 (MGD) Factors (MGD) Total C is gal) gallons) Residential Tier 1 1.53 1.47 2.25 $23 07 446,5 $0.53 Tier 2 0.89 3.21 2.85 00 95 259,657 1.15 Residential Total 2.42 2.11 5.10 6 . 5,701 706,250 $0.76 Commercial 1.14 1.94 30.2% 1698 332,468 0.70 Total 3.56 2.06 0% 99 1,038,718 $0.74 Table 4 — 4 above shows the de ment o city dis ibution factors. Similar to that of the commodity cost distrib e resi I tiers and commercial class of service, the capacity -related costs ar ribute the sa roportional manner. For example, 30.8% of the capacity costs are ibuted to r 1 reside customers based on the relationship of the tier 1 residential peak d t eak demand, which results in the distribution to residential tier 1 of $2 e distributed costs are then divided through by the FY 2026 consumption the costs for each tier or class (e.g., $236,407 - 446,593 1,000 gallons = 1,000 s), ecomes the capacity component of the proposed rates for FY 202 Combinin ommodity capacity unit costs results in the basis of the tiered and uniform rates. The su y of t Iculation is provided in Table 4 — 5 where the costs from Table 4 — 3 column D and column G are summed to calculate the cost based and proportional consumption charg r the residential tiers and commercial uniform rate. F)' Development of the Cost of Service Analysis 35 Truckee Donner PUD — Comprehensive Water Rate Study Page 42 of 312 Commodity Capacity Total Unit Costs Costs Other Costs Cost ($/1,000 gal) ($/1,000 gal) ($/1,000 gal) ($/1,000 gal) Residential Tier 1 $1.22 $0.53 $0.00 $1.75 Tier 2 $1.22 $1.15 Total Residential $1.22 $0.76 $1.98 Commercial 1.22 $0.70 0.00 1.92 Total $1.22 $0.74 $0.00 96 The results shown in Table 4— 5 above are the basis f Di 's consumption pricing for the proposed residential tiers and commercial uniform rat analysis and costs shown above have been developed to comply with the rent legal decis elated to developing cost -based water rates. The final unit cost development is for the cu er which are used to establish the monthly fixed meter charge w aries by ze. An exercise similar to the consumption components calculation wa and as suit, the total customer related costs plus fire protection related costs divid y the n er of equivalent meters on the system. An equivalent meter uses capacity of a 1 -in eter to the larger meter sizes to determine the pricing for each me e. In r charge reflects the proportion of fixed costs on the system based on t ity deman e customer can place on the system given the size of them ide ble 4 — 6 is a summary of the fixed meter charge unit cost developm Units Total customel'Tosts # of Equiv. Meters Unit Cost ($ / equivalent meter) F) I Development of the Cost of Service Analysis Truckee Donner PUD — Comprehensive Water Rate Study $18,419,546 14,147 $108.50 (3/4" Meter) 36 Page 43 of 312 4.11 Summary Results of the Cost of Service Analysis In summary form, the cost of service analysis began by functionalizing the District's revenue requirement. The functionalized revenue requirement was then allocated to the appropriate cost component(s). The individual allocated totals were then distributed proportionally to the customer classes of service based on the appropriate distribution factors. The distributed expenses for each customer class were then aggregated to determine each customer class's overall revenue responsibility (i.e., cost to provide service). Provided below in Table 4 — 7 is the summarized results of the District's water cost of service analysis. Present Revenues Distribut $ Class of Service (FY 2026) Co Difference ifferi Residential $17,240 387 ($1,147) 6.7% Commercial 1,964 68 (104) 5.3% Pump Zones 966 60 6.2% Total $20,1 $21,4 ($1,311) 6.5% The results of the cost of service analysis i ate t ost'iifferences exist between the customer classes of service. It is important t d nd cost of service analysis is based on one year's O&M expense projec tomer usage information. The cost to serve customers is a dynamic fu an cost of ice analysis can be impacted by a number of variables such as budge cture c ges, or ange in consumption characteristics due to weather, or changes i w the Di s co . Given this, the results of the cost of service analysis may change fro r rict continues to monitor water rates and cost of service results throug e studies, future cost of service adjustments will likely be necessary to m a tomer characteristics at that time. More details regarding the develop of the c ser nalysis for the District's water utility can be found in the Techni ppendix in Ex 7 - 1 4.12 ColWtant's C�clusions and Recommendations The cost of ser al roportionally distributed the revenue requirement to each customer class and rate stru mponent based on their respective benefits received from and burdens placed on the water stem (proportional distribution) based on the service requirements. While minor cost differences exist, the overall distribution of costs appears to be reasonable and reflects the impacts each customer class of service places on the system. Given the requirements and limitations imposed by Article XIII D, Section 6, the results of the cost of service will be used to establish the proposed rate designs for each of the District's water customer classes of service. More specifically, the unit costs derived from the cost of service analysis are utilized as the basis for the rate design for each customer class, which will be discussed in more detail in Section 5. F)' Development of the Cost of Service Analysis 37 Truckee Donner PUD — Comprehensive Water Rate Study Page 44 of 312 5 Development of the Proposed Rate Design 5.1 Introduction The final step of the District's water rate study is the design of rates to collect the target levels of revenues, based on the results of both the revenue requirement and cost of service analyses. In reviewing the District's water rates, consideration was given to the level of the rates as well as the structure of the rates. The level of the rates reflects the amount of revenue that should be collected while the structure of the rates is how it is collected (charged) fdr customers. The overall revenue level for the District was established in the (Section 3) while the proportional distribution of costs to th developed in the cost of service analysis (Section 4). These tw all requirement analysis tomer classes was the basis for the overall revenue needs of the District's water utility as we e revenue le o be collected from each class of service based on cost causation and nit costs for each ra ponent. 5.2 Rate Design Criteria and Conside Prudent rate administration dictates that several criterial rates. Some of these rate design criteria acted below: Rates which are easy to understani Rates which are easy for the District Consideration of the cu Continuity over ti Policy considerat Provide reven� Promote efficient e considered when setting utility economic development, etc.) h and year to year riminatory (cost -based) It is i ant that the D •ct proide its water customers with a proper and accurate price signal as hat their con ption and demand requirements are costing. This goal may be approache ugh rate I and structure. When developing the proposed rate designs, all the above listed c m taken into consideration. However, it should be noted that it is difficult - if not i - to design a rate that meets all the goals and objectives listed above. A good example oft is that it may be difficult to design a rate that takes into consideration the customer's ability to pay while at the same time being cost -based. In designing rates, there are always trade-offs between these various goals and objectives. A key element in the development of the District's Study is meeting the requirements imposed by Proposition 218 while reflecting the District's goals and objectives. This is accomplished through the review of customer and system characteristics, District rate design goals and objectives, and designing the proposed rates based on the average unit costs as developed in the cost of service analysis. F) I Development of the Proposed Rate Design 38 Truckee Donner PUD — Comprehensive Water Rate Study Page 45 of 312 5.3 Overview of the Proposed Rate Structures In discussion with District staff, it was determined that the current residential and commercial rate structures would be maintained. At this time, these rate structures reflect the District's rate design goals and objectives, one notably being the revenue stability of the current rate structure. Given the demographics and seasonality of the District's customers and service area, the fixed and variable level of revenue was maintained as described and developed in the cost of service analysis (Section 4). 5.4 Summary of the Present and Proposed Water The proposed rates for the District's water utility were designed to needs discussed in Section 3 and the cost of service results — in r provided in Section 4. The proposed water rates have been d ve ped service based on the development of the pricing through t st of s 5.4.1 Review of the Present and Proposed The District's proposed residential rates maintain consists of a monthly fixed charge by meter size and charge. Provided below in Table 5 — 1 is a summary of District's residential water customers. _ Rate Component total system revenue cost development - customer class of is. II ter Rates V to structure. This structure increasing block consumption sent and proposed rates for the FY 2030 $139.58 139.58 166.48 $2.25 3.05 The proposed rates ir''Table 5-1 show that the fixed meter charges are based on the results of the unit costs as developed in the cost of service and summarized in Table 4-6. The subsequent meter sizes are adjusted by the AWWA 1" meter equivalencies. The AWWA meter equivalencies reflect the relationship between larger meter size capacity and the fixed costs associated with providing that level of capacity. Also shown in Table 5 — 1 are the proposed tiered commodity F)'I Development of the Proposed Rate Design 39 Truckee Donner PUD — Comprehensive Water Rate Study Page 46 of 312 charges (i.e., consumption rates) for FY Residential Bill Comparison 3/4" Meter if Y 2028 FY 2029 FY 2030 $123.06 $131.06 $139.58 $138.90 $147.94 $157.58 X160.42 $170.82 $181.98 5.4.2 Review of the Present and Proposed erc Similar to the residential rate structure, the comm mon size, but the consumption charge is a uniform rate. As generally accepted rate structure for commercial cust characteristics within the customer class. n the resu the resulting unit costs, the proposed rat ercia Table 5-2 provides a summary of the pres and p 1- 2" 3" 4" 6" 8" 122.89 172.75 237.50 397.58 568.87 853.30 1,066.62 Commodity Charge $/1,000 gal $1.86 $1.92 $2.04 $2.17 $2.31 $2.46 As noted, the commercial fixed meter charges and commodity charges (i.e., consumption rates) are based on the unit costs developed in the cost of service analysis. These unit costs are shown F)' Development of the Proposed Rate Design 40 Truckee Donner PUD — Comprehensive Water Rate Study Page 47 of 312 in Tables 4 - 5 and 4 - 6. Similar to the residential rates, the commercial rates for FY 2026 were based on the cost of service analysis results and the adjustments for FY 2027 through FY 2030 reflect the adjustments as developed in the revenue requirement analysis. 5.4.3 Review of the Present and Proposed Pump Zone Rates The pump zone rates are based on the costs associated with pumping water to higher pressure zones to provide service. The pump zone rates are in addition to the proposed residential and commercial rates for customers in each zone. The pump zone rates are based on the costs distributed in the cost of service analysis and total pumped consumption t Iculate the average pumping cost. Provided in Table 5 - 3 is a summary of the present roposed pump zone rates. Present Rate Component Rate FY 2026 027 028 FY 2029 FY 2030 $/ 1,000 gal Zone 1 $0.00 00 $0.0 $0.00 $0.00 $0.00 Zone 2 1.03 1.16 1.24 1.32 1.41 Zone 3 2.04 .16 2.45 2.61 2.78 Zone 4 3.06 4 3.67 3.91 4.16 Zone 5 4.60 4.90 5.22 5.56 Zone 6 5. 5.75 6.12 6.52 6.94 Zone 7 6.12 6.4 6.90 7.35 7.83 8.34 5.5 Summar oft posed Ra eRevenues The rates f er f service meet the results of the revenue requirement and cost of s analyse . vide able 5 — 4 is a summary of the revenue targets based on the re e requirement cost o ervice analyses for the FY 2026 proposed rate adjustments. Cost of Present Service Target Proposed $ Class of Service Revenues Adjustment Revenues Revenues Difference Residential $17,144 $18,387 $18,387 $18,400 $13 Commercial 1,958 2,068 2,068 2,055 (13) Pump Zone 966 1,026 1,026 1,023 (3) Water System Total $20,068 $21,481 $21,481 $21,477 ($4) Development of the Proposed Rate Design 41 F)' Truckee Donner PUD — Comprehensive Water Rate Study Page 48 of 312 The above table is provided to further demonstrate that the District's rates are cost -based and proportional and meet the requirements of Proposition 218. As can be seen, the proposed revenues closely reflect the proportional distribution of costs to the customer classes of service. A more detailed analysis of the projection of the proposed revenues and rate designs are included within the Technical Appendix of this report. Water Rate Study Recommendations Based on the results of the District's water rate study, HDR recommends the following: Rate revenues for the District's water utility should b through FY 2030 The proposed rates should be implemented to reflect ea distribution of costs as outlined in the cost of service an! The rates are proposed to be implemented and eff Prior to the implementation of the fifth and fin should complete a review of the water rates Summary of the Water Rate Study This completes the analysis for the Trucke has provided a comprehensive review anc� Adoption of the proposed water rates will water system financial obligations for the ti growth, capital improvement d pro assumptions change, the se e e current conditions. nnually in FY 2026 class's proportional posed rate adjust ary 1 he District er Public Ut istrict's water utility. This Study Pt of pro water rates for the District. th o m their current and projected vi ased on the assumed customer ases in operating expenses. Should these may also need to be revised to reflect F) I Development of the Proposed Rate Design Truckee Donner PUD — Comprehensive Water Rate Study 42 Page 49 of 312 I. Technical Appendix A — Water Technical Analysis Page 50 of 312 Truckee Donner PUD Water Utility Revenue Requirement Summary (Values in $1,000s) Revenue Rate Revenue at Current Rates Miscellaneous Revenue Total Revenue Expenditures Board of Directors General Manager Administrative Services Conservation Water Operations IT/GIS Interdepartmental Rent Additional Expenditures Total Expenditures Rate Funded Capital Net Debt Service Transfers Balance/(Deficiency) of Funds Rate Adj. as a % of Rate Rev Rate Revenue After Adjustment Debt Service Coverage Ratio Before Rate Adjustment After Rate / Average Mor $ Change PE Cumulative Ending Resen Low Interest I Funding Avail FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 F FY 2033 FY 2034 FY 2035 $20,068 $20,170 $20,246 $20,322 $20,399 $20,477 $20, 638 $20,720 $20,802 $20,886 680 683 654 639 621 627 7 723 772 828 $274 $282 $293 $305 $317 $343 $357 71 $386 $401 1,761 1,840 1,913 1,990 2,069 2,238 2,328 2,518 2,619 1,796 1,882 1,957 2,035 2,117 01 2,289 2,381 2,575 2,678 153 161 168 174 18 189 196 204 221 230 8,060 8,443 8,771 9,111 9, 9,832 10,610 11,02 11,450 11,895 1,072 1,115 1,160 1,206 1,305 1,411 1,468 1,526 1,587 608 643 669 696 752 82 814 846 880 915 0 0 0 0 0 0 0 0 0 13,723 14,366 14,931 15,518 16,127 17,420 18,105 18,817 19,557 20,325 $5,000 $7,000 $7,250 350 $7,450 $ , $7,800 $8,050 $8,300 $8,550 $8,800 $1,532 $1,526 $1,530 481 $2,486 89 $2,486 $2,490 $2,485 $1,911 $327 $376 $432 7 27 3 $559 $576 $593 $611 $166 3.53 1551) ($6,221) ($7,036) ($7,865) ($8,740) ($9,611) ($9,934) 27.2% 30.4% 34.2% 38.1% 42.2% 46.2% 47.6% $21,481 W,243 $28,055 $29,151 $30,290 $31,475 $32,706 $33,987 3.00 1.85 4.37 3.28 �*24..46 $132.55 0 8.09 3 22.82 $11,573 $10,485 $0 $0 $8,809 $8,669 1.66 3.65 $141.16 8.62 31.43 $10,560 $0 $8,606 1.48 4.05 $150.34 9.18 40.61 $11,299 $0 $9,147 1.29 1.10 4.20 4.38 $155.60 $161.05 5.26 5.45 45.87 51.32 $13,458 $15,577 $0 $0 $8,220 $8,795 0.89 4.53 $166.68 5.64 56.95 $18,863 $0 $8,146 0.69 0.63 4.73 6.53 $172.52 $178.56 5.83 6.04 62.79 68.83 $22,326 $27,571 $0 $9 $8,539 $7,984 09/09/2025 Page 1 of 36 Page 51 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 1- Escalation Factors Revenues Customer Growth Consumer Price Index Standby Fees Misc. Revenue Consumption Growth Flat Expenses Salaries & Benefits Repairs & Maintenance Worker's Compensation OPEB Materials & Supplies Equipment Miscellaneous Operations & Maintenance Professional Services Rent Purchased Power Flat One-time Flat Capital O&M Investment Interest New Long -Term Debt Assumptions Revenue Bond Rate Term Low Interest Loan Rate Term 0.6% 0.6% 4.0% 4.0% -1.0% -1.0% 0.6% 0.6% 0.0% -1.0% 0.0% 0.0% 5.5% 4.0% 3.5% 4.0% 3.5% 4.0% 5.0% 4.0% 3.0% 4.0% 3.5% 4.0% 3.0% 4.0% 5.1% 4.0% 3.5% 4.0% 5.9% 4.0% 3.5% 3.5% 0.0% 0.0% -100.0% -100.0% 0.0% 0.0% 2.0% 2.0% 2.5% 2.5% 0.6% 0.6% 4.0% 4.0% .0% -1.0% -1.0% 0.6% 0.6% 0.6% 0% -1.0% -1.0% 0.0% 0.0% 4.0 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% % 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4. 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 3.5% 3.5% 3.5% 0.0% 0.0% 0.0% -100.0% -100.0% -100.0% 0.0% 0.0% 0.0% 2.0% 2.0% 2.0% 2.5% 2.5% 2.5% 5.0% 20 3.0% 20 5.0% 20 3.0% 20 0.6% 4.0% -1.0% 0.6% -1.0% 0.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 3.5% 0.0% -100.0% 0.0% 2.0% 2.5% 5.0% 20 3.0% 20 09/09/2025 Page 2 of 36 Page 52 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 2- Revenues & Expenses Revenues Rate Revenues Residential Commercial Pump Zone Charges Total Rate Revenues Other Revenues Misc Operating Revenue Non -Potable Misc Rents Standby Revenue Interest Income Total Other Revenues $17,143,569 $17,240,005 $17,325,496 $17,411,097 1,957,826 1,963,847 1,963,683 1,963, 582 966,118 966,118 956,459 946,899 ---------------- ---------------- ---------------- --------------- $20,067,513 $20,169,969 $20,245,638 $20,321,578 $185,500 $185,500 $185,500 $185,500 164,031 164,031 162,965 161,909 66,200 66,597 66,997 67,399 91,200 90,288 89,385 88,491 173,557 176,641 149,043 135,901 ------------------ -------------- ------------- $680,488 $683,057 $653,890 $639,201 $17,498,044 1,963,541 937,432 --------------- $20,399,016 $185,500 160,865 67,803 87,606 119,213 $620,987 $17,585,099 1,963,561 928,062 ---------------- $20,476,722 $185,500 159,830 68,210 86,73 126, $17,674,732 $17,76 1,963,640 1 918,786 06 ---------------- --------- $20,557,157 855 $ $18, 15 06 157,7 68,619 69,031 85,863 85,004 160,471 199,421 -------------- ------ $659,260 $696,748 V $17,855,547 1,963,978 900,510 ---------------- $20,720,035 $185,500 156,788 9,445 54 $72 $17,946,728 1,964,234 891,510 --------------- $20,802,472 $185,500 155,794 69,862 83,313 277,428 ' $771,897 Page 1 of 6 Notes $18,039,247 Calc'd in Cust Data Tab 1,964,548 Calc'd in Cust Data Tab 882,595 Calc'd in Cust Data Tab ---------------- $20,886,390 $185,500 As Flat 154,811 Calcd in Cust Data Tab 70,281 As Misc. Revenue 82,480 As Standby Fees 334,743 $827,815 09/09/2025 Page 3 of 36 Page 53 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 2- Revenues & Expenses Budget FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Projected FY 2030 FY 2031 FY 2032 FY 2033 FY 2034 FY 2035 Page 2 of 6 Notes Expenses Board of Directors $273,673 $281,883 $293,159 $304,885 $317,080 $329,763 $342,954 $356,6 $370,939 $385,777 $401,208 As Miscellaneous General Manager Admin & Ops General Exp $746,916 $787,996 $819,516 $852,297 $886,389 $921,844 $958,718 67 $1,036,949 $1,078,427 $1,121,565 As Salaries & Benefits Public Information 151,842 160,193 166,601 173,265 180,196 187,404 194,900 2,696 210,803 219,236 228,005 As Salaries & Benefits Legislature & Regulations 86,231 90,974 94,613 98,397 102,333 106,426 110,68 11 119,715 124,504 129,484 As Salaries & Benefits Office Supplies & Expenses 105,050 108,202 112,530 117,031 121,712 126,580 131, 142,386 148,081 154,004 As Materials & Supplies Outside Service Employed 167,580 173,445 180,383 187,598 195,102 202,906 2 2 228,242 237,372 246,867 As Professional Services Injuries & Damages 424,179 436,904 454,381 472,556 491,458 511,116 552, 574,936 597,934 621,851 As Miscellaneous General Advertising 79,645 82,034 85,316 88,728 92,277 95,969 99, 07 103,80 07,952 112,270 116,760 As Miscellaneous Misc General Expense 0 0 0 0 0 0 0 0 0 0 0 As Miscellaneous Total General Manager ---------------- $1,761,443 ---------------- $1,839,749 ---------------- $1,913,339 ---------------- $1,989,872 ---------------- $2,069,467 -------------- $2,152, -------------- $2,238,336 ---------------- $2,327,869 ---- $ ---------------- $2,517,823 ---------------- $2,618,536 Administrative Services Customer Accounts Supervision $179,053 $188,901 $196,457 $204,315 $212,488 , 87 $229,8 $239,020 $248,58 $258,524 $268,865 As Salaries & Benefits Meter Reading Expenses 1,133 1,195 1,243 1,293 1,345 1,398 1,512 1,573 1,636 1,701 As Salaries & Benefits Customer Records & Collections 622,857 657,114 683,399 710,735 739,164 31 831,459 864,717 899,306 935,278 As Salaries & Benefits Cyst Rec&Coll Meter Reader 0 0 0 0 0 0 0 0 0 0 As Salaries & Benefits Provision for Bad Debts 7,725 7,957 8,275 8,606 8,950 ,681 10,068 10,471 10,889 11,325 As Miscellaneous Admin and General Expenses 593,672 623,356 648,290 674,221 701,190 729, 758,407 788,744 820,293 853,105 887,229 As OPEB Office Supplies & Expenses 90,482 93,196 96,924 100,801 104,833 109,02 13,388 117,923 122,640 127,546 132,648 As Materials & Supplies Outside Services Employed 42,661 44,154 45,920 47,757 49,667 51,654 720 55,869 58,104 60,428 62,845 As Professional Services Insurance Expense 226,375 233,166 242,493 252,1 0 272,772 2 295,030 306,831 319,104 331,868 As Miscellaneous Injuries & Damages 31,708 32,659 33,966 35,32 38,207 41,324 42,977 44,696 46,484 As Miscellaneous TotalAdministrativeServices --------------- $1,795,666 ---------------- $1,881,699 ---------------- $1,956,967 --------------- $2,035,245 ------- 116,65 --------- ---- $2,289, --------- $2,380,949 ---------------- $2,476,187 ---------------- $2,575,235 ---------------- $2,678,244 Conservation Water Conservation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 As Salaries & Benefits PBD: Residential 90,934 95,935 99 103,764 112,231 116,720 121,389 126,244 131,294 136,546 As Salaries & Benefits PBC: Commercial 46,442 48,996 52,994 57,319 59,612 61,996 64,476 67,055 69,737 As Salaries & Benefits PBC: Education & Outreach 7,416 7,824 8,462 9,153 9,519 9,900 10,296 10,708 11,136 As Salaries & Benefits Admin & Ops General 2,954 3,116 3,241 371 3,646 3,792 3,943 4,101 4,265 4,436 As Salaries & Benefits Office Supplies & Expenses 4,924 5,07 5,275 486 5,933 6,171 6,417 6,674 6,941 7,219 As Materials & Supplies IT/GIS 0 0 0 0 0 0 0 0 0 As Salaries & Benefits Injuries & Damages 304 326 339 3 366 381 396 412 429 446 As Miscellaneous General Advertising 0 0 0 0 0 0 0 0 As Miscellaneous Misc General Expense 0 0 0 0 0 0 0 As Miscellaneous Total Conservation ---------------- $152,974 --------- $161,2 ----- 1 ---------- $174,415 -- 92 ---------------- $188,648 ---------------- $196,194 ---------------- $204,041 ---------------- $212,203 ---------------- $220,691 ---------------- $229,519 09/09/2025 Page 4 of 36 Page 54 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 2- Revenues & Expenses Page 3 of 6 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 FY 2034 FY 2035 Notes Water Operations Ops Supervision & Engineering $675,405 $712,552 $741,054 $770,697 $801,524 $833,585 $866,929 $901,6 $937,670 $975,177 $1,014,184 As Salaries & Benefits Construction Engineering 0 0 0 0 0 0 0 0 0 0 As Salaries & Benefits Facilites Operations 1,799,877 1,898,870 1,974,825 2,053,818 2,135,971 2,221,410 2,310,266 2 2,498,784 2,598,735 2,702,684 As Salaries & Benefits Power Supply 1,954,542 2,022,951 2,093,754 2,167,036 2,242,882 2,321,383 2,402,631 23 2,573,759 2,663,840 2,757,075 As Purchased Power Distribution Operations 2,321,358 2,449,033 2,546,994 2,648,874 2,754,829 2,865,022 2,979,623 8,808 3,222,760 3,351,670 3,485,737 As Salaries & Benefits Meters/Services Operations 475,809 501,978 522,058 542,940 564,658 587,244 610,73 63 660,569 686,992 714,472 As Salaries & Benefits Misc. General Expense 712,809 734,193 763,561 794,103 825,868 858,902 893, 966,148 1,004,794 1,044,986 As Miscellaneous Injuries & Damages 120,096 123,699 128,647 133,793 139,144 144,710 1 1 162,779 169,290 176,062 As Miscellaneous TotalWaterOperations ---------- $8,059,896 ---------------- $8,443,277 ------------ $8,770,893 -------- $9,111,260 --------- $9,464,875 ------------ $9,832,256 --- - $ 0,21 9 -- --- $10,610,4 -------- ,022,469 ---------- $11,450,499 - $11,895,200 IT/GIS Engineering/SCADA Ops $174,458 $184,053 $191,415 $199,072 $207,035 $215,3 $223,929 $232,886 $251,889 $261,965 As Salaries & Benefits Misc General Expense 121,673 128,365 133,500 138,840 144,393 15 156,176 162,423 175,676 182,703 As Salaries & Benefits Meter Reading 55,613 57,281 59,573 61,956 64,434 69,692 72,479 7 , 78,394 81,529 As Miscellaneous Customer Records 135,593 143,051 148,773 154,724 160,912 49 174,0 181,005 188,2 195,775 203,606 As Salaries & Benefits Administrative & General IT Ops 515,612 531,080 552,324 574,417 597,393 1,289 64 671,986 698,866 726,820 755,893 As Miscellaneous Office Supplies & Expenses 20,765 21,388 22,243 23,133 24,059 21 27,063 28,145 29,271 30,442 As Materials & Supplies Outside Services Employed 25,750 26,651 27,717 28,826 29,979 5 33,722 35,071 36,474 37,933 As Professional Services Injuries & Damages 22,784 23,468 24,406 25,382 26,398 ,552 29,694 30,882 32,117 33,402 As Miscellaneous TotallT/GIS ---------------- $1,072,248 ---------------- $1,115,337 ---------------- $1,159,951 ------------ $1,206,349 ---------------- $1,254,603 ------- $1,304,7 ------ ,356,978 ---------------- $1,411,257 ---------------- $1,467,708 ---------------- $1,526,416 --------------- - $1,587,473 Interdepartmental Rent $607,500 $643,090 $668,814 $695,56 3,389 $752,324 417 $813,714 $846,262 $880,113 $915,317 As Rent Total Expenses $13,723,400 $14,366,292 $14,930,829 $15,517,59 6, 761,346 $17, $18,104,987 $18,816,753 $19,556,554 $20,325,497 Additional Expenditures $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Operations & Maintenance Expense $13,723,400 $14,366,292 $14,930,829 $15,517,593 $ 462 61,346 ,193 $18,104,987 $18,816,753 $19,556,554 $20,325,497 4.7% 3. 3.9% 9° 3.9% 3.9% 3.9% 3.9% 3.9% 3.9% Rate Funded Capital $5,000,000 $7,000,000 $7 350,000 $7, $7,550,000 $7,800,000 $8,050,000 $8,300,000 $8,550,000 $8,800,000 FY 2023 Dep. Exp. _ $4,826,705 40.0% 1.4% 1.3% 3.3% 3.2% 3.1% 3.0% 2.9% Debt Service Pipeline COP Rates $576,529 $573,1 575,581 322 $57 $575,893 $574,705 $573,333 $575,711 $574,484 $0 Financial Plan Pipeline COP FF 360,884 359 359,806 474 360, 359,147 359,524 357,313 359,424 359,309 306,800 Financial Plan Pipeline COP Assmt 97,925 97,150 9,142 100,4 97,360 98,421 100,104 101,490 97,207 0 Financial Plan 2022 Water COP 955,250 954,250 950,50 950,250 954,250 952,250 954,500 950,750 951,250 Utility Building Debt 0 960,000 960,000 960,000 960,000 960,000 960,000 New Low Interest Loan 0 0 0 0 0 0 0 0 Calculated @ 2.98% for 20 yrs New Revenue Bond 0 0 0 0 0 0 0 0 0 Calculated @ 4.98% for 20 yrs Total Debt Service -------------- $1,990 -------------- 984,437 ---- 87 -------------- $2,947,188 -------------- $2,941,600 -------------- $2,942,650 -------------- $2,946,900 -------------- $2,943,000 -------------- $2,951,125 -------------- $2,941,750 -------------- $2,218,050 .3% 48.3% -0.2% 0.0% 0.1% -0.1% 0.3% -0.3% -24.6% Less Debt Service Transfers Transfer in from DLAD Surcharge for 2006 COP debt pmt ,925 $97, $99,142 $100,444 $97,360 $98,421 $100,104 $101,490 $97,207 $0 Transfer in from FF Reserve 360,884 359, 359,80 359,------ 58,474 8,474 360,101 359,147 359,524 357,313 359,424 359,309 306,800 306,800 Total Debt Service Transfers -------,884- $458,809 - $458,74 456,956 $457,616 $460,545 $456,507 $457,945 $457,417 $460,914 $456,516 $306,800 Net Debt Service 31,779 $1,525,696 29,831 $2,489,572 $2,481,055 $2,486,143 $2,488,955 $2,485,583 $2,490,211 $2,485,234 $1,911,250 09/09/2025 Page 5 of 36 Page 55 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 2- Revenues & Expenses Transfers In Transfer in from employee and overhead for sidefund debt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer in from Vehicle Reserve (on CIP Calculation) 0 0 0 0 0 0 0 0 0 0 Transfer from Operating Reserve Fund 0 0 0 0 0 0 0 0 0 0 0 Out Debt Service Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to Vehicle Reserve 327,000 376,000 432,000 497,000 512,000 527,000 5 5 576,000 593,280 611,078 Transfer to Operating Reserve Fund 0 0 0 0 0 0 0 0 0 Total Transfers $327,000 $376,000 $432,000 $497,000 $512,000 $527,000 3,000 $559,000 6,000 $593,280 $611,078 Total Revenue Requirement $20,582,179 $23,267,988 $24,142,660 $25,854,165 $26,570,517 $27,324, 8,252,148 $29,199,570 3 31,185,068 $31,647,826 13.0% 3.8% 7.1% 2.8% 3.4% 3.4% 3.3% 1.5% Balance / (Deficiency) of Funds $165,822 ($2,414,962) ($3,243,133) ($4,893,386) ($5,550,513) ($ ) ($7,035,730 ($7,864,967) ($8,739, ($9,610,699) ($9,933,621) Cumulative Rate Adjust. as a % of Rate Rev -0.8% 12.0% 16.0% 24.1% 27.2% 0.4% 38.1% 42.2% 46.2% 47.6% Proposed Rate Adjustment 0.0% 6.5% 6.5% 6.5% 6.5% .5% 3.5% 3.5% 3.5% 3.5% Addt'l Rev from Proposed Adj. $0 $1,311,048 $2,717,471 $4,225,865 $5,843,632 $7,578, , 93,708 $9,651,728 $10,754,518 $11,903,299 $13,100,636 Net Bal/(Def) of Funds After Rate Adj. $165,822 ($1,103,914) ($525,662) ($667,522 293,119 $1,357,206 7,977 $1,786,762 $2,014,542 $2,292,600 $3,167,015 Additional Rate Increase Needed -0.8% 5.5% 2.6% 3. -6.6% -8.7% -9.7% -11.0% -15.2% Debt Service Coverage Ratio Before Rate Adjustment 3.53 3.27 3.00 1.85 1.66 1.29 1.10 0.89 0.69 0.63 After Rate Adjustment 3.53 3.93 4.37 3.28 3.65 4. .20 4.38 4.53 4.73 6.53 Average Monthly Residential Bill (3/4" meter + 5,000 gal) $109.73 $116.86 $ $132.55 $150.34 $155.60 $161.05 $166.68 $172.52 $178.56 $ Change Per Month 7.13 8.09 9.18 5.26 5.45 5.64 5.83 6.04 Cumulative $ Change per Month 7.13 22.82 40.61 45.87 51.32 56.95 62.79 68.83 Page 4 of 6 Notes 09/09/2025 Page 6 of 36 Page 56 of 312 Truckee Donner PUD Water Utility Page 5 of 6 Revenue Requirement Exhibit 2- Revenues & Expenses Budget I Projected F82025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 FY 2034 FY 2035 Notes Cash Reserves Operating Cash Fund Beginning Balance $6,942,281 $7,065,629 $5,961,715 $5,436,053 $4,768,532 $5,061,651 $6,418,857 $9,082,596 $11,097,137 $13,389,737 Plus: Additions 165,822 0 0 0 293,119 1,357,206 1,557,977 1 2,014,542 2,292,600 3,167,015 Less: Uses of Funds (42,474) (1,103,914) (525,662) (667,522) 0 0 0 00) 0 0 0 Ending Balance $7,065,629 $5,961,715 $5,436,053 $4,768,532 $5,061,651 $6,418,857 $7,976,834 ,596 $11,097,137 $13,389,737 $16,556,752 Target Balance Days O&M+DS Payments) $4,246,489 $4,346,019 $4,441,170 $5,498,025 $5,592,690 $5,697,940 $5,810,493 2 $6,044,290 $6,156,526 $5,559,228 Or180Days ofO&M $6,861,700 $7,183,146 $7,465,414 $7,758,797 $8,063,731 $8,380,673 $8,710, $, $9,408,377 $9,778,277 $10,162,749 Operating Reserve Fund Beginning Balance $0 $0 $0 $0 $0 $0 $0 $ $0 $0 $0 Plus: Additions 0 0 0 0 0 0 0 0 0 0 0 Less: Uses of Funds 0 0 0 0 0 0 0 0 0 0 Plus: Loan Proceeds 0 0 0 0 0 0 0 0 0 0 Plus: Bond Proceeds 0 0 0 0 0 0 0 0 0 0 Less: Uses of Funds 0 (1,838,000) (940,302) (1,017,000) (620,428) (963,0 0 0 0 0 0 Ending Balance $5,700,000 $3,862,000 $2,921,698 $1,904,698 1,284,270 $321,270 2,964 $532,964 $1,476,798 $2,401,798 $3,920,817 Target Balance: Average Annual Capital lmprov. $8,266,059 $8,489,000 $8,718,000 $8953,00 00 $9,443,000 0 $9,960,000 $10,229,000 $10,505,000 $10,789,000 2.7%/Yr. Growth Vehicle Reserve Fund Beginning Balance $728,607 $475,000 $254,149 $699,872 912,347 $1,372, $1,871,511 $2,414,178 $2,759,094 $2,486,921 Plus: Additions 327,000 376,000 432,000 497,000 12,000 543,00 559,000 576,000 593,280 611,078 Plus:lnterest 9,314 4,983 13,723 17,889 8,487 ,696 47,337 54,100 48,763 61,960 Less: Uses of Funds (589,920) (601,835) 0 (302,414) 0 633,562) 1,076) (63,670) (285,184) (914,216) 0 Ending Balance $475,000 $254,149 $69 $912,347 $ 1,372,891 $1,871,511 $2,414,178 $2,759,094 $2,486,921 $3,159,960 Target Balance: (?) Deferred Liability Reserve Beginning Balance $343,569 $350, $357,449 ,598 $371, $379,328 $386,914 $394,653 $402,546 $410,597 $418,809 Plus: Additions 0 0 0 0 0 0 0 0 0 Plus:lnterest 6,871 7,149 7,292 7,43 7,587 7,738 7,893 8,051 8,212 8,376 Less: Uses of Funds 0 0 0 0 0 0 0 0 09/09/2025 Page 7 of 36 Page 57 of 312 Truckee Donner PUD Water Utility Page 6 of 6 Revenue Requirement Exhibit 2- Revenues & Expenses Budget Projected FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 FY 2034 FY 2035 Notes Facility Fee Reserve Beginning Balance $1,906,534 $1,831,563 $2,012,009 $1,579,476 $1,786,022 $1,465,076 $1,701,287 $1,397, $1,668,881 $1,446,995 $1,754,080 Plus: Additions 250,000 500,000 515,000 530,000 546,000 562,000 579,000 59 614,000 632,000 651,000 Plus:lnterest 35,913 39,451 30,970 35,020 28,727 33,359 27,401 28,372 34,394 27,905 Less: Uses of Funds (360.8841 (359.0051 1978.5041 (358.4741 1895.6731 (359.1471 1910.2181 131 1864.2581 (359.3091 11.009.8191 Connection Fee Reserve Beginning Balance $88,057 $244,348 $405,311 $571,053 $741,686 $917,325 $1,0 $1,284, 1,475,441 $1,672,283 $1,874,736 Plus: Additions 151,500 153,015 154,545 156,091 157,652 159,228 160,820 162,42 64,053 165,693 167,350 Plus:lnterest 4,791 7,947 11,197 14,543 17,987 21,531 25,178 28,930 790 36,760 40,842 Less: Uses of Funds 0 0 0 0 0 0 0 0 0 0 Ending Balance $244,348 $405,311 $571,053 $741,686 $917,325 $1,09 $1,284,082 $1,475,441 $1, $1,874,736 $2,082,928 Debt Service Reserve (Restricted) Beginning Balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Plus: Additions 0 0 0 0 0 0 0 0 0 0 Plus:lnterest 0 0 0 0 0 0 0 0 0 0 Less: Uses of Funds 0 0 0 0 0 0 0 0 0 0 Ending Balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Reserve Funds Beginning $14,365,986 $15,666,982 $12,852,633 $11,572,75 10,560,483 $1 , $13,457,515 $15,576,606 $18,862,905 $22,326,082 Ending $15,666,982 $12,852,633 $11,572,750 $10,485,175 ,5 , 304 $13,4 $15,576,606 $18,862,905 $22,326,082 $27,570,809 09/09/2025 Page 8 of 36 Page 58 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 3 - Capital Improvement Plan Annual CIP Pipeline Rehabilitation Tank Rehabilitation New Pump Station Pipeline Replacement New Well New Tank Well Rehabilitation Pump Station Replacement Tank Replacement Water SCADA Facilities Contingency Capital Improvement Plan Update Information Technology Projects Vehicle Reserves Expenditures Meter MTUs Additional Capital Projects Total Annual CIP Transfer to Capital Reserve FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 32 FY 2033 FY 2034 FY 2035 Notes $0 $2,324,750 $0 $0 $0 $0 $0 $0 $0 $0 0 813,756 454,082 426,542 0 1,305,790 0 1,122,298 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,852,871 2,989,098 0 3,300,731 0 302 0 4,001,628 0 0 0 1,237,396 0 0 0 0 0 1,009,668 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4,669,219 3,439,365 2,410,942 2,430,337 65 1,726,337 2,973,30 4,428 2,513,450 0 0 0 0 1,756,847 5,355,724 0 5,506,943 1,266,714 0 0 7,030,191 0 120,000 124,000 128,000 132,0 136,000 000 144,000 48,000 152,000 157,000 0 120,000 124,000 128,000 132 136,000 ,000 144,000 148,000 152,000 157,000 0 50,275 52,286 53,571 54,9 57,17 58,720 59,678 60,606 61,922 63,809 0 0 0 0 100,000 0 0 115,000 0 0 615,300 540,000 319,000 262,000 183,000 335,000 266,000 187,000 491,000 315,000 589,920 601,835 0 302,414 0 81,076 63,670 285,184 914,216 0 0 200,000 206,000 2 218,000 225, 232,000 239,000 246,000 253,000 261,000 3,084,111 0 0 0 0 0 0 0 0 $4,289,331 $9,439,835 $8,809,000 $8,66$ 146,862 076 $8,794,670 $8,146,184 $8,539,216 $7,984,000 $1,343,063 $0 $0 $211,694 $0 $943,834 $925,000 $1,519,019 Total Capital Improvement Projects $5,632,394 $9,439,835 $8,669,414 00 $9,146,862 $8,431,770 $8,794,670 $9,090,018 $9,464,216 $9,503,019 Less: Outside Funding Sources Operating Cash Fund $42,474 $0 $0 $0 $0 $0 $681,000 $0 $0 $0 Operating Reserve Fund 0 0 0 0 0 0 0 0 0 0 Capital Improvement Reserve 0 000 940 0 8 963,000 0 0 0 0 0 Connection Fees 0 0 0 0 0 0 0 0 Vehicle Fund 589,920 60 0 302, 0 633,862 81,076 63,670 285,184 914,216 0 Facility Fee Reserve 0 8,698 0 535,572 0 550,694 0 504,834 0 703,019 Assumed Debt Issuance / Proceeds 0 0 0 0 0 0 0 0 0 0 Low Interest Loans 0 0 0 0 0 0 0 0 0 0 Revenue Bonds 0 0 0 0 0 0 0 0 0 0 Total Funding Sources ------------- $632,394 ---- - $2,43 ------- $1,559, --------------- 1,319,414 --------------- $1,156,000 --------------- $1,596,862 --------------- $631,770 --------------- $744,670 --------------- $790,018 --------------- $914,216 --------------- $703,019 Rate Funded Capital 5,000,000 $7,000,07,2s0,000 $7,350,000 $7,450,000 $7,550,000 $7,800,000 $8,050,000 $8,300,000 $8,550,000 $8,800,000 09/09/2025 Page 9 of 36 Page 59 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 4 - Debt Service Utility Pipeline COP Pipeline COP Pipeline COP 2022 Water Buildini Rates FF Assmt COP Da& Payment Fiscal Date Year P&I P&I P&I P&I o1M P&I 2024 $573,008 $359,233 $100,297 $952,25 $1,984,788 2025 576,529 360,884 97,925 955,250 1,990,588 2026 573,196 359,005 99,736 952,500 0 1,984,437 2027 575,581 359,806 97,150 4,250 1,986,787 2028 574,322 358,474 99,142 960, 2,947,188 2029 570,555 360,101 100,444 0,5 0,00 2,941,600 2030 575,893 359,147 97,360 ,25 2,942,650 2031 574,705 359,524 1 960,000 2,946,900 2032 573,333 357,313 9 0 960,000 2,943,000 2033 575,711 359,42 101,4 95 0 960,000 2,951,125 2034 574,484 359, 97, 950, 960,000 2,941,750 2035 306, 0 960,000 2,218,050 2036 ,850 960,000 1,914,850 2037 952,650 960,000 1,912,650 2038 954,850 960,000 1,914,850 2039 951,250 960,000 1,911,250 Total $6,31W $4,259,020 ,089,276 $15,246,850 $11,520,000 $38,432,463 Notes 09/09/2025 Page 10 of 36 Page 60 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 5 -Revenue at Present Rates Page 1 of 4 Residential Meter Charge As of 1/1/2024 5/8" x 3/4" $96.29 12,012 12,011 12,011 12,011 12,014 12,014 12,018 12,017 12,019 12,022 12,022 12,016 3/4" 96.29 870 870 870 871 880 886 892 97 900 900 909 910 888 1" 114.85 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Number of Customers --------------- 12,882 --------------- 12,881 --------------- 12,881 --------------- 12,882 --------------- 12,894 --------------- 12,900 --------------- 12,9 ----------- 2,913 --------------- 12,917 --------------- 12,919 --------------- 12,931 --------------- 12,932 -------------- 12,904 Metered Residential by Zone (Number of Customer) Zone 1 4,117 4,117 4,117 4,118 4,125 4,127 9 4,130 4,130 4,131 4,132 4,125 Zone 2 2,705 2,704 2,704 2,704 2,706 2,707 ,709 2, 2,709 2,711 2,716 2,716 2,708 Zone 3 1,802 1,802 1,802 1,802 1,803 1,804 1,806 1,808 1,808 1,808 1,811 1,811 1,806 Zone 4 2,479 2,479 2,479 2,479 2,481 2,4 2,483 2,487 ,487 2,487 2,489 2,489 2,483 Zone 5 1,419 1,419 1,419 1,419 1,419 1,422 1,421 2 1,422 1,422 1,422 1,421 Zone 6 199 199 199 199 199 199 199 199 199 199 199 Zone 7 165 165 165 165 165 65 166 66 166 166 166 166 Total Number ofCustomers ByZone --------------- 12,886 --------------- 12,885 --------------- 12,885 --------------- 12,886 --------------- 12,898 -------- 904 ------- --------------- 12,917 --------------- 12,921 --------------- 12,923 --------------- 12,934 --------------- 12,935 -------------- 12,907 Total Monthly Charge $1,240,408 $1,240,311 $1,240,311 $1,240,408 $1,241,563 $1, ,104 $1,243,393 $1,243,778 $1,243,971 $1,245,126 $1,245,222 $14,909,736 Metered Consumption ($/1,000 gal) 88% 35% 100% 53% _ 45% 76% 91% 0 - 8,000 gal (block 1) $1.26 31,283 28,722 27,799 29,750 22,052 44,662 4,798 52,336 43,483 41,594 44,638 25,475 446,593 8,000 + gal (block 2) 1.78 4,266 5,069 5,295 1 16,519 95 69,376 53,146 36,885 14,096 2,519 259,657 Total Consumption --------------- 35,549 --------------- 33,791 --------------. 33,094 ------------ 29,75 --------------- 61,181 - -- --------------- 121,712 --------------- 96,629 --------------- 78,478 --------------- 58,734 --------------- 27,994 -------------- 706,250 Total Consumption Charge $47,010 $45,213 $44,452 $37,484 34,712 155,5 $189,433 $149,388 $118,063 $81,336 $36,583 $1,024,897 $56,758 $53,046 $50,947 $41,533 ,498 ,277 $176,827 $147,938 $105,448 $56,621 $44,253 $2,560 $9,143 $3,644 $552 946 ($1,604) 28,303 $56,445 $56,659 $33,561 $4,874 $7,664 Additional Zone Charge ($/1,000 gal) Zone 1 $0.00 12,245 14,337 11,735 28,116 49,952 61,327 50,142 41,371 32,031 11,557 337,240 Zone 2 0.96 7,346 6,977 , 28 6,039 14,978 24,780 28,150 22,227 18,026 13,178 6,399 160,195 Zone 3 1.91 4,720 3,738 4,092 ,811 6,171 9,344 10,839 8,449 6,798 4,844 2,752 68,578 Zone 4 2.86 6,608 4,62 5,399 ,625 3, 7,224 11,493 12,664 9,257 7,214 4,644 3,932 80,999 Zone 5 3.81 3,507 3 3,187 2,698 1,9 3,694 6,027 6,606 4,995 3,961 3,200 2,402 45,472 Zone 6 4.77 583 544 27 465 820 942 652 489 442 690 6,802 Zone 7 5.72 540 5 532 978 1,184 907 618 396 262 6,964 Total Zone Charge Volume --------------- 35,549 ------------ 33,791 -------- -------- 29,750 --- 43 --------------- 61,181 --------------- 103,393 --------------- 121,712 --------------- 96,629 --------------- 78,478 --------------- 58,734 --------------- 27,994 -------------- 706,250 Residential Zone Surcharges $54,19 903 02 $40,981 $30,551 $66,165 $106,973 $120,382 $91,280 $71,887 $51,747 $36,589 $761,958 Total Residential $1,' $1,.-_.,$1,33 $1,318,873 $1,306,827 $1,393,984 $1,505,622 $1,553,207 $1,484,446 $1,433,920 $1,378,208 $1,318,394 $16,696,591 09/09/2025 Page 11 of 36 Page 61 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 5 -Revenue at Present Rates Commercial Meter Charge 5/8" x 3/4" 3/4" 1" 1 1/2" 2" 3" 4" 6" 8" Total Number of Customers Total Monthly Charge Commercial Consumption $/1,000 gal Total Consumption Water Consumption Charge Additional Zone Charge ($/1,000 gal) Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 Total Zone Charge Volume Commercial Zone Surcharges Total Commercial As of 1/1/2024 $96.29 96.29 114.85 161.45 221.97 371.57 531.65 797.48 996.84 $0.00 0.96 1.91 2.86 3.81 4.77 5.72 0 371 199 94 80 8 11 4 0 -------767 $103,523 19,697 19,697 $34,273 12,762 1,920 49 865 4,077 4 19 19,697 $20,075 $157,872 0 0 0 0 371 371 371 371 199 199 199 199 94 94 94 94 80 80 80 80 8 8 8 8 11 11 11 11 4 4 4 4 0 0 0 0 -------767 ----------767 ----------767 ----------767 $103,523 $103,523 $103,523 $103,523 17,330 16,044 15,365 15,728 17,330 16,044 15,365 15,728 $30,154 $27,916 $26,735 $27,366 14,238 13,566 13,08 2,059 1,968 1,769 1, 68 46 43 86 407 321 348 297 534 120 97 42 2 19 17 -----333 17,0 ,044 5,365 Page 2 of 4 0 0 0 0 0 0 0 372 374 73 374 373 373 373 372 199 200 202 202 202 202 202 200 94 94 94 94 94 94 94 94 80 80 79 79 79 79 80 8 8 8 8 8 8 11 11 11 11 11 11 4 4 4 4 4 4 4 0 0 0 0 0 0 0 -------7--- -------771 ----------772 ----772 ----------771 ----------771 ----------771 ----------769 $ $103,927 $104,060 $103,838 $103,838 $103,838 $1,244,673 6 1 53,707 42,470 33,346 23,764 18,600 332,468 - - ------ 841 ---------------- 53,707 ---------------- 42,470 ---------------- 33,346 ---------------- 23,764 ---------------- 18,600 --------------- 332,468 $56,68 $76,284 $93,450 $73,897 $58,022 $41,350 $32,364 $578,495 26,782 43,097 34,249 28,291 20,034 11,605 266,193 33 3,933 3,342 2,597 2,538 1,967 29,145 901 701 486 279 58 4,022 5,078 5,600 4,064 1,891 495 704 22,824 81 116 151 92 64 398 4,250 10,024 2 4 5 3 0 1 1 29 20 29 19 18 18 19 17 231 32,576 43,841 53,707 42,470 33,346 23,764 18,600 332,468 $11,605 $19,593 $22,223 $16,641 $9,177 $6,017 $20,300 $140,591 $171,906 $199,803 $219,733 $194,473 $171,038 $151,206 $156,503 $1,963,759 09/09/2025 Page 12 of 36 Page 62 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 5 -Revenue at Present Rates Golf Courses Non -Potable Meter Charge ($/Month) Total Number of Customers Total Monthly Charge Non -Potable Consumption (gal) Consumption (Jan - May) Consumption (Jun - Dec) Total Consumption Water Consumption Charge Total Golf Courses Non -Potable $531.65 $0.432 0.432 Page 3 of 4 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 $4,785 $4,785 $4,785 $4,785 $4,785 $4,785 $4,785 $4,785 $4,785 $4,785 $4,785 $4,785 $57,418 22 24 23 25 24 0 0 0 0 0 118 0 0 0 0 0 35,343 0 44,392 33,330 21,177 18 243,290 ---- --------- --------- --------- --------- -------- 55,3 44,392 33,330 21,177 18 243,408 $23,915 177 $14,399 $9,148 $8 $105,152 $28,700 $ 2 $19,184 $13,933 $4,793 $162,570 09/09/2025 Page 13 of 36 Page 63 of 312 Truckee Donner PUD Water Utility Revenue Requirement Exhibit 5 -Revenue at Present Rates Summary Customers Residential Commercial Golf Courses Non -Potable Total Number of Customers Consumption Residential Commercial Golf Courses Non -Potable Total Consumption Revenues Meter Charge Consumption Charge Additional Zone Charge 12,882 12,881 12,881 12,882 12,894 767 767 767 767 767 9 9 9 9 9 ---------- ------------ ------------ ------------ ----------- 13,658 13,657 13,657 13,658 13,670 35,549 33,791 33,094 29,750 25,943 19,697 17,330 16,044 15,365 15,728 22 24 23 25 24 55,268 51,145 49,161 45,140 41,695 $1,348,716 $1,348,620 $1,348,620 $1,348,716 $1,349,871 81,293 75,376 72,379 64,231 62,089 74,273 49,335 50,780 44,236 33,346 ------------ ------------ ------------ ------------ -----------' $1,504,282 $1,473,331 $1,471,779 $1,457,183 $1,445,306 12,900 768 9 13,677 61,181 32,576 12,910 771 9 43,841 53,670 200,905 Page 4 of4 12,917 12,919 12,931 12,932 12,904 72 772 771 771 771 769 9 9 9 9 9 9 ,694 13,698 13,699 13,711 13,712 13,682 12 96,629 78,478 58,734 27,994 706,250 53, 42,470 33,346 23,764 18,600 332,468 55,360 44,392 33,330 21,177 18 243,408 230,779 91 145,155 103,676 46,612 1,282,126 $1,352,238 $1,352,498 $1,352,594 $1,353,749 $1,353,846 $16,211,828 306,798 242,463 190,484 131,834 68,955 1,708,544 142,605 107,921 81,064 57,764 56,889 902,549 - - - - - $1,801,641 ------------ $1,702,881 ------------ $1,624,142 ------------ $1,543,348 ------------ $1,479,689 ------------ $18,822,921 FY 2025 Budget $20,195,800 Difference ($1,372,879) Percent -6.8% 09/09/2025 Page 14 of 36 Page 64 of 312 Truckee Donner PUD Customer Data Projection Revenue Requirement Exhibit 6- Customer Data As of 1/1/2024 As of 1/1/2025 Input FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Projected FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 FY 2034 FY 2035 Page 1 of 4 Notes Residential Meter Charge 5/8" x 3/4" $96.29 $103.03 12,016 12,088 12,161 12,234 12,307 12,381 12,455 1 12,605 12,681 12,757 12,834 As Customer Growth 3/4" 96.29 103.03 888 893 898 903 908 913 918 930 936 942 948 As Customer Growth 1" 114.85 122.89 0 0 0 0 0 0 0 0 0 0 0 As Customer Growth Total Residential Cust. 12,904 12,981 13,059 13,137 13,215 13,294 13,37 13,45 3,535 13,617 13,699 13,782 Monthly Charge Revenue $14,909,736 $16,049,189 $16,145,625 $16,242,061 $16,338,497 $16,436,170 $16,5 ,842 $16,633,987 $1 $16,835,514 $16,936,896 $17,039,514 Metered Consumption ($/1,000 gal) 0- 8,000 gal (block 1) $1.26 $1.34 446,593 446,593 446,593 442,127 437,706 433,32 28,996 424,706 420,45 6,254 412,091 407,970 As Consumption Growth 8,000 +gal (block 2) 1.78 1.91 259,657 259,657 259,657 257,060 254,489 251, 249,425 246,931 244,462 17 239,597 237,201 As Consumption Growth Total Consumption 706,250 706,250 706,250 699,187 692,195 678,421 71,637 664,921 ,271 651,688 645,171 Consumption Charge Revenue $1,024,897 $1,094,379 $1,094,379 $1,083,435 $1,072,600 $1,051, ,040,744 $1,030,337 $1,020,033 $1,009,832 $999,734 Additional Zone Charge ($/1,000 gal) Zone 1 $0.00 $0.00 337,240 337,240 337,240 333,868 330,529 327,22 52 320,712 317,505 314,330 311,187 308,075 As Consumption Growth Zone 2 0.96 1.03 160,195 160,195 160,195 158,593 157,007 155,437 83 152,344 150,821 149,313 147,820 146,342 As Consumption Growth Zone3 1.91 2.04 68,578 68,578 68,578 67,892 67,213 66,541 65,217 64,565 63,919 63,280 62,647 As Consumption Growth Zone4 2.86 3.06 80,999 80,999 80,999 80,1 7 78,593 77,029 76,259 75,496 74,741 73,994 As Consumption Growth Zone5 3.81 4.08 45,472 45,472 45,472 45,01 44,121 43, 43,243 42,811 42,383 41,959 41,539 As Consumption Growth Zone 6 4.77 5.10 6,802 6,802 6,802 6,734 00 6,53 6,469 6,404 6,340 6,277 6,214 As Consumption Growth Zone 7 5.72 6.12 6,964 6,964 6,964 6,894 6,825 6,689 6,622 6,556 6,490 6,425 6,361 As Consumption Growth Total Zone Charge Volume 706,250 706,250 706,250 699,187 ,195 671,636 664,921 658,271 651,689 645,172 Additional Zone Charge Revenue $761,958 $815,593 $815 $807,433 6 91,365 $783,450 $775,616 $767,863 $760,180 $752,580 $745,054 Total Residential Revenue $16,696,591 $17,959,161 32,929 $18,2 $18,289,409 $18,368,549 $18,450,347 $18,532,333 $18,615,727 $18,699,308 $18,784,301 09/09/2025 Page 15 of 36 Page 65 of 312 Truckee Donner PUD Customer Data Projection Revenue Requirement Exhibit 6- Customer Data As of] Commercial - Meter Charge 5/803/4" 3/4" 1" 11/2" 2" 3" 4" 6" 8" Total Commercial Cust. Meter Charge Revenue Commercial Consumption $/1,000 gal Total Consumption Consumption Charge Revenue Additional Zone Charge ($/1,000 gal) Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 Total Zone Charge Volume Additional Zone Charge Revenue Total Commercial Revenue (2024 As of 1/1/2025 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 $96.29 $103.03 0 0 0 0 0 96.29 103.03 372 374 376 378 380 114.85 122.89 200 202 203 204 205 161.45 172.75 94 95 96 97 98 221.97 237.50 80 80 80 80 80 371.57 397.58 8 8 8 8 8 531.65 568.87 11 11 11 11 11 797.48 853.30 4 4 4 4 4 996.84 1,066.62 0 0 0 0 0 $1.74 $0.00 0.96 1.91 2.86 3.81 4.77 5.72 769 $1,244,673 $1.86 332,468 332,468 $578,495 $0.00 266,193 1.03 29,145 2.04 4,022 3.06 22,824 4.08 10,024 5.10 29 6.12 231 332,468 $140,591 $1,963,759 774 $1,339,436 332,468 332,468 $618,390 266,193 29,145 4,022 22,824 10,024 29 231 332,46 52 778 $1,345,456 332,468 332,468 $618,390 266,193 29,145 4,022 22,824 10,024 32,468 $150,525 $2,114,37?4 -----782 -----786 $1,351,477 $1,357,497 329,143 325,852 329,143 325,852 $612,206 606,085 263,531 26 28,854 28,565 3,982 3,942 22,596 ,370 9,924 25 29 229 9,145 32 ,026 $147,5 111,121 Page 2 of 4 Notes 0 0 0 0 0 0 As Customer Growth 382 384 388 390 392 394 As Customer Growth 206 207 209 210 211 212 As Customer Growth 99 100 1 102 103 104 105 As Customer Growth 80 80 80 80 80 80 As Customer Growth 8 8 8 8 8 8 As Customer Growth 11 11 11 11 11 11 As Customer Growth 4 4 4 4 4 4 As Customer Growth 0 0 0 0 0 0 As Customer Growth 794 ____ 798 ___________ 802 ________ 06 --______ 810 _________ 814 $1,369,538 5,558 $1,381,579 $1,3 7,599 $1,393,620 $1,399,640 3 316,173 313,011 309,881 306,782 303,714 As Consumption Growth 322,59 67 316,173 313,011 309,881 306,782 303,714 $600,023 $588,082 $582,200 $576,379 $570,615 $564,908 7 255,70 3,147 250,616 248,110 245,629 243,173 As Consumption Growth 27,996 27,716 27,439 27,165 26,893 26,624 As Consumption Growth 64 3,825 3,787 3,749 3,712 3,675 As Consumption Growth 46 21,706 21,489 21,274 21,061 20,850 As Consumption Growth 9,727 0 9,534 9,439 9,345 9,252 9,159 As Consumption Growth 29 29 29 29 29 29 29 AsConsumption Growth 225 223 221 219 217 215 213 As Consumption Growth 322,596 319,371 316,178 313,018 309,889 306,791 303,723 $146,067 $144,612 $143,170 $141,743 $140,330 $138,931 $137,541 1,109,608 $2,108,173 $2,106,810 $2,105,522 $2,104,308 $2,103,165 $2,102,089 09/09/2025 Page 16 of 36 Page 66 of 312 Truckee Donner PUD Customer Data Projection Revenue Requirement Exhibit 6- Customer Data Golf Courses Non -Potable Meter Charge ($/Month) Total Number of Customers Total Monthly Charge Non -Potable Consumption (gal) Consumption (Jan - May) Consumption (Jun - Dec) Total Consumption Water Consumption Charge Total Golf Courses Non -Potable As of 1/1/2024 As of 1/1/2025 Notes Page 3 of 4 $531.65 $531.65 9 9 9 9 9 9 9 9 9 9 9 As Flat 9 9 9 9 9 9 9 9 9 9 9 $57,418 $57,418 $57,418 $57,418 $57,418 $57,418 $57,418 $57,418 $57,418 $57,418 $57,418 $0.432 $0.438 118 118 118 117 116 115 114 113 111 110 109 As Consumption Growth 0.432 0.438 243,290 243,290 243,290 240,857 238,448 236,064 3 231,366 2 226,761 224,493 222,248 As Consumption Growth 243,408 243,408 243,408 240,974 238,564 236,179 817 231,479 229,1 26,872 224,603 222,357 $105,152 $106,613 $106,613 $105,547 $104,491 $10 $102,412 $101,388 $100,374 70 $98,376 $97,392 $162,570 $164,031 $164,031 $162,965 $161,909 5 $159,8308,806 $157,792 $156,788 $155,794 $154,811 09/09/2025 Page 17 of 36 Page 67 of 312 Truckee Donner PUD Customer Data Projection Revenue Requirement Exhibit 6- Customer Data As of Calculated Water Rate Revenue Meter Charge Residential Commercial Golf Courses Non -Potable Consumption Charge Residential Commercial Golf Courses Non -Potable Total Revenue Less Zone Charges Residential Commercial Golf Courses Non -Potable Total Zone Charge Revenue Total Revenue As of 1/1/2025 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 $14,909,736 $16,049,189 $16,145,625 $16,242,061 $16,338,497 $16,436,170 $16,533,842 1,244,673 1,339,436 1,345,456 1,351,477 1,357,497 1,363,518 1,369,538 57,418 57,418 57,418 57,418 57,418 57,418 57,418 ----------- ---- ---- -------------------' $16,211,828 $17,446,043 $17,548,500 $17,650,956 $17,753,413 $17,857,106 $17,960,79$ $1,024,897 $1,094,379 $1,094,379 $1,083,435 $1,072,600 $1,061,874 $1 56 578,495 618,390 618,390 612,206 606,085 600,023 3 105,152 106,613 106,613 105,547 104,491 103,446 412 ----------- ---- ---- ------ ---- ----- $1,708,544 $1,819,383 $1,819,383 $1,801,187 $1,783,176 $1,765 1,747,691 $15,934,633 $17,143,569 1,823,168 1,957,826 162,570 164,031 $17,920,372 $19,265,426 $902,549 $966,118 $18,822,921 $20,231,544 $17,240,005 1,963,847 164,031 $19,367,882 $966,118 $20,334,000 $17,325,496 $17,411,097 1,963,683 1,963,582 162,965 161,909 $19,452,144 $19,536,589 $956,459 946,899 $20,408,6 $937,432 16,63 16,734,133 1, 1,381,579 57,418 66,96 3,130 $1,040,744 $1, 588,082 58 101,388 100,3 $16,835,514 1,387,599 57,418 $18,280,531 $1,020,033 `99,370 99,370 $16,936,896 $17,039,514 1,393,620 1,399,640 57,418 57,418 $18,387,933 $18,496,572 $1,009,832 $999,734 570,615 564,908 98,376 97,392 $1,730,214 $1,712,912 '81 $1,678,823 $1,662,034 74,732 $17,764,470 $17,855,547 $17,946,728 $18,039,247 1,963,640 1,963,779 1,963,978 1,964,234 1,964,548 158,806 157,792 156,788 155,794 154,811 ------- ------ ------ ------ ----- $19,797,178 $19,886,041 $19,976,313 $20,066,756 $20,158,606 $918,786 $909,606 $900,510 $891,510 $882,595 0,715,963 $20,795,647 $20,876,823 $20,958,267 $21,041,200 Page 4 of 4 Notes 09/09/2025 Page 18 of 36 Page 68 of 312 Truckee Donner PUD Water Utility Development of Distribution Factors Exhibit 7 - Commodity & Capacity Water (kgal) 25.0% Losses Water Flow (MGD) Residential Tier 1 446,593 111,648 1.53 Tier 2 259,657 64,914 0.89 Commercial 332,468 83,117 1.14 Total -------------- 1,038,718 ----------- 259,680 --------- 3.56 Actual Production [31 3.79 Distribution Factor Notes [1] Estimated [2] Ratio of average month to peak month [3] 2024 TDPUD Potable Production (W18 Excel Water Production.xlsx) [4] 2024 TDPUD Max Day Production (W19 Max Day Production.xlsx) , % of Tota I 43.0% 25.0% 32.0% 100.0% (COM) Peaking Peak D e Daily Factor[21 Use ( D) 1.47 2.25 3.2 2.85 0.8 1.14 3.56 Actual Peaky 7.31 % of Tota I 30.8% 39.0% 30.2% 100.0% (CAP -1) .upuuLY - GM Equiv. Meters 13,059 0.00 1,088 14,147 Meters % of Tota I 92.3% 0.0% 7.7% 100.0% (CAP -2) 09/09/2025 Page 19 of 36 Page 69 of 312 Truckee Donner PUD Water Utility Development of Distribution Factors Exhibit 8 - Customer Actual Customer Number of %of Billing Units Total Residential 13,059 94.4% Commercial 778 5.6% Total ---------- ---------- 13,837 100.0% Distribution Factor (AC) Customer Service & An Weighting Weighted Factor Customer 1.00 13,059 1.00 778 13,837 iq Meters 8 es %of Equiv. of Total Me I 94.4% 1 ,059 5.6% 1,088 --------- 100 ---------- ------ 14,147 100. W . (WCMS) 09/09/2025 Page 20 of 36 Page 70 of 312 Truckee Donner PUD Water Utility Development of Distribution Factors Exhibit 9 - Fire Protection and Revenue Alloc Fire Protection Revenue ed Fire Prot. Total PFP FY 202 Number of Requirmt's Duration Requirements % of Reven Accounts (gals/min) 111 (minutes) 111 (1,000 g/min) Total Pre nt tes Residential 13,059 1,000 120 1,567,080 84.8% , 40,005 8 Commercial 778 2,000 180 280,080 15. 1,963,847 10.2 ---------- 13,837 -------------- 1,847,160 ---- ---------------- 0 $19,203 ----------- 100.0% Distribution Factor (FP) (RR) Notes [1] Based on industry standard fire pro 09/09/2025 Page 21 of 36 Page 71 of 312 Truckee Donner PUD Water Utility Development of Distribution Factors Exhibit 10 - Distribution Main Analysis Distribution Storage hrs gpm Total Main Fire Flow Requirements 3 2,000 720,000 (a) 0 75 Storage Capacity 12,000,000 ( b ) 4" 6" Public Fire Protection 6.0% (FP) 8" (a)/(b)=FP% 1 Capacity 94.0% (CAP) 1-FP%=CAP 6" Source Capacity / Commodity Average Day (c)/(d)=COM% Peak Day 1-((c)/(d))=CAP% Notes 3.56 51.0% (CAP) [1] - Provided by District [2] - W12 Pipe Inventory GIS Total - MC Edits 06-09-2020.xlsx [3] - Table 13-14 Page 20 of TDPUD Water Infrastructure CIP Development Final from Farr West Engineering 2" - 12" Total 40,71, 368,855 476,009 67,114 115,209 32,189 49,553 3,026 4,456 30,330 0 0 0 1,082,506 Customer % (f) ) Total @ 2" Equivalent Cost (f) / ( e ) = Cust.% Capacity (g)Costfor2"-6" ( h ) 8" - 12" @ Equivalent 6" Cost (g+h-f)/(e)=CAP% Fire Protection 1- CUST.% - CAP% = FP% Installed ?plcmt $ 131 Total $529.17 $6,483,104 551.63 1,298,956 564.87 22,997,038 632.79 233,407,996 648.75 308,810,990 734.66 49,305,937 738.51 85,082,829 798.66 25,707,776 843.58 41,802,094 888.49 2,688,504 933.41 4,159,218 1,023.24 31,034,912 0.00 0 0.00 0 0.00 0 $707,386,850 (e) ) 572,830,586 81.0% (AC) $264,187,094 416,585,879 15.3% (CAP) 3.7% (FP) 09/09/2025 Page 22 of 36 Page 72 of 312 Truckee Donner PUD Water Utility Functionalization and Allocation Exhibit 11- Plant In Service Customer Related Page 1 of 2 Total Capacity - Actual Customer Meters & Revenue Direct Pump Plant Commodity Capacity Equiv. Meters Customer Acct/Svcs Svcs Related ection Assign. Zones 2024 Rplmt (COM) (CAP -1) (CAP -2) (AC) (WCA) (WCMS) (RR) (FP) (DA) (PZ) Basis of Classification Plant In Service Land and Buildings Land & Land Rights $609,266 $298,540 $310,726 $0 $0 $0 $0 $0 $0 $0 $0 49% (COM)/ 51% (CAP -1) Intangible Assets Easment Land 600,592 294,290 306,302 0 0 0 0 0 0 0 49% (COM)/ 51% (CAP -1) Land & Land Rights 7,631 3,739 3,892 0 0 0 0 0 0 49% (COM)/ 51% (CAP -1) Structures & Improvements 5,033,795 2,466,559 2,567,235 0 0 0 0 0 49% (COM)/ 51% (CAP -1) Total Land and Buildings $6,251,284 $3,063,129 $3,188,155 $0 --0 $0 $0 $0 $0 $0 $0 Source of Supply Wells & Springs $6,078,865 $2,978,644 $3,100,221 $0 $0 $0 0 $0 $0 $0 49% (COM)/ 51% (CAP -1) Total Source of Supply $6,078,865 ""'---------' $2,978,644 $3,100,221 --------------- $0 --""""""" $0 ---------- --------_""" $0 ------ $0 ---------------- $0 ---------------- $0 --------"""" $0 Water Treatment Water Treatment Equipment $611,120 $299,449 $311,671 $0 $0 $0 $0 $0 $0 $0 49% (COM)/ 51% (CAP -1) Total Water Treatment ----_--"""' $611,120 ---------------- $299,449 """""""" $311,671 --------------- $0 ---------_""' --------_-_ $0 ---------------- $0 --------"""" $0 ---------------- $0 --------"""" $0 Transmission & Distribution Pumping Equipment $4,680,453 $0 $0 $0 $0 $0 $0 $0 $4,680,453 100% (PZ) Water Transmission & Distribution Lines 77,708,793 0 25,410,775 0 452 0 4,118,566 0 0 33% (CAP -1)/ 62% (WCMS)/ 5% (FP) Total Transmission & Distribution -------"""' $82,389,246 ---------------- $0 """""""" $25,410,775 -------------- $0 --------"' --------------- ------_-----"" $0 _ $4,118,566 ---------------- $0 --------"""" $4,680,453 Storage Reservoirs & Tanks $6,493,801 $0 $6,104,173 $0 $0 $0 $0 $389,628 $0 $0 94% (CAP -1)/ 6% (FP) Total Storage -------"""' $6,493,801 ---------------- $0 """""""" $6,104,17 --------"""" $0 --------- $0 --------"'----- $0 ---""'-------- $0 --------"""-- $389,628 ------_ $0 -------""" $0 Meters, Valves and Misc. Water Services $15,514,718 $0 0 $0 0 $15,514,718 $0 $0 $0 $0 100% (WCMS) Water Meters 7,373,176 0 0 0 7,373,176 0 0 0 0 100% (WCMS) Backflow Devices 1,476 0 0 1,476 0 0 0 0 100% (WCMS) Tfr WO at YE 0 0 0 0 0 0 0 0 0 100% (WCMS) Fire Hydrants 4,377,755 0 0 0 0 0 0 4,377,755 0 0 100% (FP) Telemetry System 0 0 0 0 0 0 0 0 0 0 100% (WCMS) Scada System Water 7,734,333 0 0 0 0 7,734,333 0 0 0 0 100% (WCMS) GIS Mapping Hardware 32,967 0 0 0 0 32,967 0 0 0 0 100% (WCMS) GIS Mapping Software 198,2 0 0 0 198,244 0 0 0 0 100% (WCMS) GIS Mapping Data 41 0 0 0 410,993 0 0 0 0 100% (WCMS) Hirshdale Deferred Plant Payments 0 0 0 57,876 0 0 0 0 100% (WCMS) Total Meters, Valves and Misc. $35, $0 $ $0 $0 $0 $31,323,782 $0 $4,377,755 $0 $0 09/09/2025 Page 23 of 36 Page 73 of 312 Truckee Donner PUD Water Utility Functionalization and Allocation Exhibit 11- Plant In Service Customer Related Page 2 of 2 Total Capacity - Actual Customer Meters & Revenue Direct Pump Plant Commodity Capacity Equiv. Meters Customer Acct/Svcs Svcs Related ection Assign. Zones 2024 Rplmt (COM) (CAP -1) (CAP -2) (AC) (WCA) (WCMS) (RR) (FP) (DA) (PZ) Basis of Classification Plant Before General $137,525,854 $6,341,222 $38,114,996 $0 $0 $0 $79,503,234 5,949 $0 $4,680,453 Percent Plant Before General 100.0% 4.6% 27.7% Percent Plant Before General w/o PZ DA 100.0% 4.8% 28.7% 0.0% 0.0% 0.0% G&A Equipment Structures & Improvements Hq bid $868,050 $41,435 $249,054 $0 $0 $0 9,497 $0 $58,063 0 $0 as Plant Before General Plant - PZ Office Furniture & Equipment E/W 22,927 1,094 6,578 0 0 13,721 0 1,534 0 0 as Plant Before General Plant - PZ Transportation Equipment 2,825,255 134,860 810,601 0 0 1,690,814 0 188,980 0 0 as Plant Before General Plant - PZ Tools, Shop & Garage Equipment 175,272 8,366 50,288 0 0 104,894 0 11,724 0 0 as Plant Before General Plant - PZ Laboratory Equipment 9,862 9,862 0 0 0 0 0 0 0 0 100% (COM) Water Power Operated Equipment 0 0 0 0 0 0 0 0 0 0 as Plant Before General Plant - PZ Communication Equipment 794,669 37,933 228,001 0 0 0 0 53,155 0 0 as Plant Before General Plant - PZ Misc Equipment 381,952 18,232 109,587 0 0 0 2 0 25,549 0 0 as Plant Before General Plant - PZ Water Computer Equipment 100,199 4,783 28,748 0 0 59, 0 6,702 0 0 as Plant Before General Plant - PZ SCADA System E/W 219,946 10,499 63,105 0 0 131,630 0 14,712 0 0 as Plant Before General Plant - PZ Intangible Asset Software E/W 147,568 7,044 42,339 0 88,314 0 9,871 0 0 as Plant Before General Plant - PZ Elec Trans Equip E/W 150,773 7,197 43,259 0 232 0 10,085 0 0 as Plant Before General Plant - PZ Tools Shop & Garage Equipment E/W 44,981 2,147 12,905 0 0 0 3,009 0 0 as Plant Before General Plant - PZ Elec Comm Equip E/W 419,287 20,014 120,299 0 0 28,046 0 0 as Plant Before General Plant - PZ Elec Misc Equip E/W 59,607 2,845 17,102 0 35,6 0 3,987 0 0 as Plant Before General Plant - PZ Computer Equipment E/W 1,066,270 50,897 305,926 0 0 638,125 0 71,322 0 0 as Plant Before General Plant - PZ Total G&A Equipment $7,286,618 $357,210 $2,087,792 $0 $0 $4,354,879 $0 $486,738 $0 $0 Total Plant $144,812,471 $6,698,431 $40,20 $0 $0 $0 $83,858,113 $0 $9,372,687 $0 $4,680,453 Plus: Capital Works in Progresss CWIP - Water $0 $0 0 $0 $0 $0 $0 $0 $0 as Plant in Service CWIP Year End Accrued Inventory 0 0 0 0 0 0 0 0 as Plant in Service RWIP - Water 0 0 0 0 0 0 0 0 0 as Plant in Service WO Tfr at YE 0 0 0 0 0 0 0 0 0 0 as Plant in Service Total Plus: Capital Works in Progresss -------------- $0 ------ ---------------- $0 '----'----- $0 -- $0 ---------------- $0 ---------------- $0 ---------------- $0 ---------------- $0 ---------------- $0 -------------"' $0 Depreciation $74,416,9A 442,221 $0 $0 $43,093,401 $0 $4,816,481 $0 $2,405,213 as Plant in Service 09/09/2025 Page 24 of 36 Page 74 of 312 Truckee Donner PUD Water Utility Functionalization and Allocation Exhibit 12 - Revenue Requirement Total Expenses FY 2026 Expenses Board of Directors $281,883 General Manager Admin & Ops General Exp $787,996 Public Information 160,193 Legislature & Regulations 90,974 Office Supplies & Expenses 108,202 Outside Service Employed 173,445 Injuries & Damages 436,904 General Advertising 82,034 Misc General Expense 0 Total General Manager $1,839,749 Administrative Services Customer Accounts Supervision $188,901 Meter Reading Expenses 1,195 Customer Records & Collections 657,114 Cust Rec&Coll Meter Reader 0 Provision for Bad Debts 7,957 Admin and General Expenses 623,356 Office Supplies & Expenses 93,196 Outside Services Employed 44,154 Insurance Expense 233,166 Injuries & Damages 32,659 Total Administrative Services $1,881,699 Conservation Water Conservation $0 PBD: Residential 95,935 PBC: Commercial 48,996 PBC: Education & Outreach 7,824 Admin & Ops General 3,116 Office Supplies & Expenses 5,072 IT/GIS 0 Injuries & Damages 313 General Advertising 0 Misc General Expense 0 Total Conservation S Customer Related Weighted for: Capacity - Actual Customer Meters & Revenue Commodity Capacity Equiv. Meter, Customer Acct/Svcs Svcs Related (COM) (CAP -1) (CAP -2) (AC) (WCA) (WCMS) (RR) $0 $0 $0 $0 $0 $281,883 $ $0 $0 $0 $0 $0 $787,996 0 0 0 0 0 160,193 0 0 0 0 0 0 90,974 0 0 0 0 0 0 108 0 0 0 0 0 0 0 0 0 0 0 0 4 0 0 0 0 0 0 ,034 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $1,839,749 $0 $0 $0 50 $0 188, $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 623, 0 0 0 0 0 93,19 0 0 0 0 0 44,154 0 0 0 0 33,166 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 95,935 0 0 0 0 0 48.996 0 0 0 0 0 0 0 0 $0 Direct Assign. (DA) Pump Zones (PZ) Basis $0 $0 $0 100% (WCMS) $0 $0 $0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 100% (WCMS) $0 $0 $0 $0 $0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) $0 $0 $0 $0 $0 $0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 0 100% (WCMS) $0 $0 $0 Page 1 of 3 09/09/2025 Page 25 of 36 Page 75 of 312 Truckee Donner PUD Water Utility Functionalization and Allocation Exhibit 12 - Revenue Requirement Customer Related Weighted for: Total Capacity - Actual Customer Meters & Revenue Expenses Commodity Capacity Equiv. Meter, Customer Acct/Svcs Svcs Related FY 2026 (COM) (CAP -1) (CAP -2) (AC) (WCA) (WCMS) (RR) Water Operations Ops Supervision & Engineering $712,552 $0 $0 $0 $0 $0 $712,552 Construction Engineering 0 0 0 0 0 0 0 Facilites Operations 1,898,870 90,640 544,809 0 0 0 1,136,406 Power Supply 2,022,951 1,294,689 0 0 0 0 0 Distribution Operations 2,449,033 565,996 222,590 0 0 0 1,311,012 Meters/Services Operations 501,978 0 0 0 0 0 501,978 Misc. General Expense 734,193 0 0 0 0 0 734 Injuries & Damages 123,699 0 0 0 0 0 Total Water Operations $8,443,277 $1,951,325 $767,399 $0 $0 $0 41 $ IT/GIS Engineering/SCADAOps $184,053 $0 $0 $0 $o $184,053 $ Misc General Expense 128,365 0 0 0 0 128,365 Meter Reading 57,281 0 0 0 0 57,281 Customer Records 143,051 0 0 0 0 143, Administrative & General IT Ops 531,080 0 0 0 0 0 Office Supplies & Expenses 21,388 0 0 0 0 0 Outside Services Employed 26,651 0 0 0 0 0 Injuries & Damages 23,468 0 0 0 0 0 Total IT/GIS $1,115,337 $0 $0 $0 Interdepartmental Rent $643,090 $0 $0 $0 $643,090 $ Total Expenses $14,366,292 $1,951,325 $767,399 $0 Additional Expenditures $0 $0 $0 $0 0 $ Total Operations & Maintenance $ $0 0 27,014 0 0 0 0 0 0 $178,908 0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 0 $0 $0 $178,908 0 $0 Direct Pump Assign. Zones (DA) (PZ) Basis of Classificati $0 $0 100% (WCMS) 0 0 100% (WCMS) 0 0 as Plant Before General Plant - PZ 0 728,262 64% (COM)/ 36% (PZ) 0 297,542 As All Other Water Operations 0 0 as Meters 0 0 100% (WCMS) 0 0 100% (WCMS) 0 $1,025,804 $0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) $0 $0 100% (WCMS) $0 $1,025,804 $0 $0 100% (WCMS) Page 2 of 3 09/09/2025 Page 26 of 36 Page 76 of 312 Truckee Donner PUD Water Utility Functionalization and Allocation Exhibit 12 - Revenue Requirement Rate Funded Capital Debt Service Pipeline COP Rates Pipeline COP FF Pipeline COP Assmt 2022 Water COP New Low Interest Loan New Revenue Bond Total Debt Service Less Debt Service Transfers Transfer in from DLAD Surcharge for 2006 COP debt pmt Transfer in from FF Reserve Total Debt Service Transfers Net Debt Service Transfers In Transfer in from employee and overhead for sidefund debt Transfer in from Vehicle Reserve (on CIP Calculation) Transfer from Operating Reserve Fund Out Debt Service Payments Transfer to Vehicle Reserve Transfer to Operating Reserve Fund Transfer to Cash Reserves Total Transfers Total Revenue Requirement Less: Other Income Misc Operating Revenue Non -Potable Misc Rents Standby Revenue Interest Income Total Other Income Customer Related Weighted for: Total Capacity - Actual Customer Meters & Revenue Expenses Commodity Capacity Equiv. Meter, Customer Acct/Svcs Svcs Related FY 2026 (COM) (CAP -1) (CAP -2) (AC) (WCA) (WCMS) (RR) $7,000,000 $0 $0 $0 $0 $0 $7,000,000 $ $573,196 $0 $0 $0 $0 $0 $573,196 359,005 0 0 0 0 0 359,005 0 99,736 0 0 0 0 0 99,736 0 952,500 0 0 0 0 0 952 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 --------------- $1,984,437 -------------- $0 --------------- $0 --------------- $0 --------------- $0 ---------- $0 ---- ,437 -------- $0 $99,736 $0 $0 $0 $0 $99,736 $0 359,005 0 0 0 0 359,005 0 --------------- $458,741 --------------- $0 --------------- $0 ------------- $0 ----------- $0 --------- $0 ---------- 58 ------ $0 $1,525,696 $0 $0 $0 $0 $0 6 $0 $0 0 0 $0 376,000 0 $0 $0 0 0 0 0 $0 $0 0 0 0 $22,164,074 $1,95' $185,500 $185,5 164,031 164,031 66,597 66,597 $0 0 0 $0 0 0 0 0 0 $0 0 0 0 $0 0 376,000 0 0 0 (1,103,914) $0 ($727,914) $0 $18,240,639 $0 $0 0 0 0 0 0 0 0 0 $0 $0 Direct Assign. (DA) Pump Zones (PZ) Basis $0 $0 $0 100% (WCMS) $0 $0 $0 100% (WCMS) 0 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) 0 0 0 100% (WCMS) ----- --- $0 --------------- $0 $0 $0 $0 100% (WCMS) 0 0 0 100% (WCMS) ----- --------------- $0 $0 --------------- $0 $0 $0 $0 $0 $0 0 0 0 0 $0 $0 0 0 0 0 0 0 $0 $0 $0 $178,908 $0 $0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% (WCMS) $0 $0 100% (WCMS) 0 0 100% (WCMS) 0 0 100% )WCMS) 0 0 100% (WCMS) $0 $0 $0 $1,025,804 $0 $0 100% (COM) 0 0 100% (COM) 0 0 100% (COM) 0 0 100% (COM) 0 0 100% (COM) $0 $0 Page 3 of 3 09/09/2025 Page 27 of 36 Page 77 of 312 Truckee Donner PUD Water Utility Cost of Service Summary Exhibit 13 - Distribution of Revenue Requirement - COM, CAP & DA Residential Allocation Components FY 2026 Tier 1 Tier 2 Commodity $1,268,268 $545,287 $ Capacity $767,399 $236,407 5 Direct Assignment $0 $0 Total $2,035,667 $781,694 Pump Zones Distribution Factor 039 $ 1 $0 (COM) ),295 $231,6 $0 (CAP -1) $0 $0 (DA) , 34 $637,639 $0 09/09/2025 Page 28 of 36 Page 78 of 312 Truckee Donner PUD Water Utility Cost of Service Summary Exhibit 14 - Distribution of Revenue Requirement - Cust. Fire, Rev. Allocation Components Customer Related Actual Customer Customer Acct/Svcs Meters & Svcs Total Customer Related Equiv. Meters Revenue Related Fire Protection Pump Zones Net Revenue Requirement FY 2026 Residential Commercial I $0 $0 0 0 18,240,639 16,837,520 --------------- --------------- $18,240,639 $16,837,520 $0 $0 $0 $0 $178,908 1, $1,025,804 $0 3 Zones Distribution Factor (AC) $0 1w $0 (CAP -2) $0 (RR) $0 (FP) $1,025,804 $1,430,246 $1,025,804 09/09/2025 Page 29 of 36 Page 79 of 312 Truckee Donner PUD Water Utility Cost of Service Summary Exhibit 15 - Summary of Cost Distribution FY 2026 Total I Residential Commercial Revenues at Present Rates $20,169,969 Allocated Revenue Requirement $21,481,017 -------------- Subtotal Balance/(Deficiency) of Funds ($1,311,048) Change Over Present Rates 6.5% $17,240,005 $1,963,44 $18,387,328/($ 885 ($1,147,323)038, Zones Source 118 $1,02 , ($59,686) 6.2% 09/09/2025 Page 30 of 36 Page 80 of 312 Truckee Donner PUD Water Utility Cost of Service Summary Exhibit 16 - Average Unit Cost FY 2026 Tota I Commodity Costs - $ / 1000 gal $1.22 Capacity Costs - $ / 1000 gal $0.74 Direct Assign. Costs - $ / 1000 gal $0.00 Total Distributed Costs - $ / 1000 gal -------------- $1.96 Current Consumption Rates Customer - $ / Equiv. Mtrs / month $107.45 Fire Protection - $ / Equiv. Mtrs / month 1.05 Total -$1 Month -------------- $108. Current Fixed Charge (3/4") Rate Rev $ / 1000 gal $19.42 Allocated Rev Req $ / 1000 gal $20.A Basic Data Annualized Water Flows - CCF No. of Customers No. of Units Equivalent Meters 7 Residential Tier 1 Tier 2 $1.22 $0.53 $0.00 $1.75 $1.34 0.9 $38. 446,593 13,059 NA 13,059 $V 1.22 $0.00 $1.92 $1.86 $107.45 2.08 $109.52 $103.03 $5.91 $6.22 259,657 332,468 778 NA NA 1,088 09/09/2025 Page 31 of 36 Page 81 of 312 Truckee Donner PUD Water Utility Rate Design Exhibit 17 - Summary of Rate Design Present FY 2026 FY 2027 FY FY 2029 FY 2030 Residential 5/8" x 3/4" $103.03 $108.50 $115.55 $12 $131.06 $139.58 3/4" 103.03 108.50 115. 123. 131.06 139.58 1" 122.89 129.41 1 146.78 156.32 166.48 Commodity Charge 0 - 8,000 gal (block 1) 8,000 + gal (block 2) 1.91 2.37 2.69 2.86 3.05 Commercial 5/8" x 3/4" 3/4" 1" 1 1/2" 2" 3" 4" 6" 8" Commodity Cl Pump Zone Cl Zone 1 Zone 2 Zone 3 Zone 4 Zone 5 Zone 6 Zone 7 $103.03 $115.5$123.06 $131.06 $139.58 103.03 .50 .55 123.06 131.06 139.58 122.89 41 146.78 156.32 166.48 172. 1 193. 206.34 219.75 234.04 25 266.37 283.68 302.12 321.76 .58 418. 445.90 474.88 505.75 538.62 568.87 599.0 638.00 679.47 723.64 770.67 853.30 60 957.00 1,019.21 1,085.46 1,156.01 66 , 1,196.24 1,274.00 1,356.81 1,445.00 00 03 04 06 08 5.10 6.12 $1.92 $2.04 $2.17 $2.31 $2.46 $0.00 $0.00 $0.00 $0.00 $0.00 1.09 1.16 1.24 1.32 1.41 2.16 2.30 2.45 2.61 2.78 3.24 3.45 3.67 3.91 4.16 4.32 4.60 4.90 5.22 5.56 5.40 5.75 6.12 6.52 6.94 6.48 6.90 7.35 7.83 8.34 09/09/2025 Page 32 of 36 Page 82 of 312 Truckee Donner PUD Water Utility Rate Design Exhibit 18 - Residential Bill Comparison Consumption Current Proposed $ (Gallons) Rate Rate Change Change 0 $103.03 $108.50 $5.47 5.3% 5,000 109.73 117.25 7.52 6.9% 8,000 113.75 122.50 8.75 7.7% 10,000 117.57 127.25 9. 8.2% 15,000 127.12 139.12 9.4% 20,000 136.67 150.98 10.5% 25,000 146.22 162.85 6.63 1.4% 30,000 155.77 174.72 18.95 35,000 165.32 186.5 21.27 40,000 174.87 19 .59 13. 45,000 184.42 .90 14.0% 50,000 193.97 22 28.22 14.5% Meter Si,...Current oposec 5/8"xi1 1fl303 8.50 Commodit arge 1&,0+ 00 gal 34 $1.75 gal $1.91 $2.37 09/09/2025 Page 33 of 36 Page 83 of 312 Truckee Donner PUD Water Utility Rate Design Exhibit 19 - Commercial Bill Comparison Consumption Current Proposed $ (Gallons) Rate Rate Change Change 3/4" Meter 0 $103.03 $108.50 $5.47 5.3% 20,000 140.23 146.86 6.63 4.7% 40,000 177.43 185.21 7.78 4.4% 60,000 214.63 223.57 8.9 4.2% 80,000 251.83 261.93 1 4.0% 100,000 289.03 300.29 3.9% 120,000 326.23 338.65 2.42 8% 140,000 363.43 377.00 13.57 160,000 400.63 415. 14.73 3. 1" Meter 40,000 $197.29 $2 $8.84 4.5% 60,000 234.49 244. 10.00 4.3% 80,000 27 282.84 11.15 4.1% 120,000 3 59.56 .47 3.9% 140,000 38 .63 3.8% 160,000 420. 15.79 3.8% 180,000 457. 4.63 16.94 3.7% Meter 5 rrent Proposed 5/8" 03.03 $108.50 3 103.03 108.50 1" 122.89 129.41 172.75 181.92 237.50 250.11 3 397.58 418.68 4" 568.87 599.06 6" 853.30 898.60 8" 1,066.62 1,123.23 C arge All C ption $/1,000 gal $1.86 $1.92 09/09/2025 Page 34 of 36 Page 84 of 312 Truckee Donner PUD Water Utility Rate Design Exhibit 20 - Pump Zone Charge Current Proposed $ Zone Rate Rate Change Change 1 $0.00 $0.00 $0.00 0.0% 2 1.03 1.09 0.06 5.8% 3 2.04 2.16 0.12 5.9 4 3.06 3.24 0.18 5 5 4.08 4.32 0.24 6 5.10 5.40 0.30 7 6.12 6.48 0.3 5.9°0 09/09/2025 Page 35 of 36 Page 85 of 312 Truckee Donner PUD Water Utility Rate Design Exhibit 21- Rate Revenue Projection Present FY 2026 FY 2027 FY 2028 Residential Fixed $16,049,189 $17,002,818 $18,215,764 $19, Consumption 1,094,379 1,396,925 1,472,718 1, Total $17,143,569 $18,399,743 $19,688,482 , 94% 92% 9 FY 2026 COSA $18,387,328 r2029 FY 2030 3 1, 8 $22, 740 $22,399,240 1,725,987 62 4,125,227 93% 93% Commercial Fixed $1,339,436 $1,416,881 7 $1,6 $1,734,472 $1,855,383 Consumption 618,390 637,639 67 , 707, 746,422 786,990 Total $1,957,826 $ 4,520 $2,3 ,368 $2,480,894 $2,642,373 68% 9% 69% 70% 70% 70% FY 2026 COSA $2,06 5 Pump Zone Consumption 966,11 ,022,837 $1,078,122 $1,137,220 $1,199,230 $1,264,809 FY 2026 804 Syste al $20,067,51 21,477,100 $22,953,772 $24,532,676 $26,222,748 $28,032,409 System Tar $21,481,017 $22,963,108 $24,547,443 $26,242,648 $28,054,883 $ Difference $3,918 $9,336 $14,767 $19,900 $22,475 0.02% 0.04% 0.06% 0.08% 0.08% Fixed Rev 86.7% 85.8% 86.0% 86.2% 86.3% 86.5% Variable Rev 13.3% 14.2% 14.0% 13.8% 13.7% 13.5% 09/09/2025 Page 36 of 36 Page 86 of 312 Resolution No. 2025-3 2 RESPONDING TO TIMELY FILED WRITTEN OBJECTIONS TO THE PROPOSED INCREASE IN WATER RATES PURSUANT TO THE REQUIREMENTS OF AB 2257 AND MAKING DETERMINATIONS REQUIRED BY AB 2257 WHEREAS, Truckee Donner Public Utility District ("District") operates and maintains a public potable water system, including approximately 13 deep wells, 25 pump stations, 32 storage tanks, and more than 220 miles of pipeline, that serves approximately 13,750 customers; and WHEREAS, water systems are expensive to build and maintain and the District's system is more complex and costlier than many other systems because of the District's large geographic area, mountain terrain, winter weather, and need to size the system to have water to fight fire and meet the maximum daily demand for water during the relatively brief peak summer season; and WHEREAS, costs to operate the District's water system are rising due to many reasons, including increasing system maintenance costs, increasing capital infrastructure costs and compliance with state and federal regulations; and WHEREAS, the District does not receive property tax and relies almost entirely on rate revenue to fund the operation, repair, maintenance and improvement of its water system and to continue to reliably provide water services; and WHEREAS, the District contracted with DOWL Engineering for the development of an updated 10 -year capital improvement plan ("CIP"), which revealed that the District would require significant increases in rate -funded capital expenditures over the next 10 years in order to address increasing construction costs, the ongoing need to harden water system reliability, construction of additional pipeline for system redundancy, continued maintenance of critical water system facilities, and replacing other facilities approaching the end of their useful life; and WHEREAS, at its regular meeting on July 16, 2025, the District's Board of Directors received a presentation from DOWL Engineering on the draft CIP; and WHEREAS, the District retained an independent rate consultant, HDR Engineering, Inc., to develop a comprehensive water rate study, the 2025 Water Rate Study, for the District to provide cost -based and proportional rates based on the District's specific system and customer characteristics by developing a revenue requirement, cost of service, and proposed rates that generate sufficient revenue to prudently fund the operating and capital needs of the District that comply with the requirements of applicable law, including California Constitution, Article XIII Page 87 of 312 D, section 6 ("Proposition 218"), using generally accepted methodologies of the American Water Works Association; and WHEREAS, on September 25, 2024, Governor Newsom signed into law State Assembly Bill 2257, codified as California Government Code sections 53759.1 and 53759.2 and made effective January 1, 2025 ("AB 2257"); and WHEREAS, AB 2257 creates an exhaustion of administrative remedies requirement that, if implemented by a local public agency, requires ratepayers to timely submit a written objection regarding a proposed water rate change prior to the deadline established by the local public agency in order to have exhausted administrative remedies to thereafter potentially challenge a rate change under Proposition 218 and applicable law; and WHEREAS, at its regular meeting on September 3, 2025, the District's Board of Directors reviewed the 2025 Water Rate Study prepared by HDR Engineering, Inc., established proposed water rates for the years 2026-2030 in accordance with the 2025 Water Rate Study, determined to begin the rate adoption process in accordance with Proposition 218, and scheduled a public hearing for November 19, 2025; and WHEEAS, at its regular meeting on September 17, 2025, the District's Board of Directors adopted the CIP; and WHEREAS, on September 23, 2025, the District, pursuant to Proposition 218, provided Notice of Public Hearing: Proposed Water Rate Increases for 2026-2030 ("Notice") to property owners whose properties receive water service from the District; and WHEREAS, the Notice provided detailed instructions on how to file a protest and how to file an objection to the proposed rates; and WHEREAS, the Notice provided at least 45 days for property owners to review the proposed rates, the written basis for the rates, including the 2025 Water Rate Study, and to timely submit to the District a written objection pursuant to AB 2257 that specifies the grounds for alleging noncompliance with Proposition 218 or applicable law on or before 5:00pm on November 7, 2025; and WHEREAS, the Notice provided at least 45 days, to review the proposed rates, the written basis for the rates, including the 2025 Water Rate Study, and to timely submit a protest to the proposed rates by the close of the public hearing on November 19, 2025; and WHEREAS, the District posted on its internet website, www.tdpud.org, the Notice, the written basis for the rates, including the 2025 Water Rate Study, the Prop 218 Written Objection Form, and other information pertaining to the proposed rates; and 2 Page 88 of 312 WHEREAS, the Notice stated that the District offered to mail or email the written basis to any person upon request; and WHEREAS, the Notice included a prominently displayed statement that provided (a) all written objections must be submitted by 5:00pm on November 7, 2025, and that failure to timely object or failure to submit a completed objection form bars any right to challenge the rates through a legal proceeding; and (b) all substantive and procedural requirements, including the requirement to fully complete a written objection form, and to timely and properly submit a written objection; and WHEREAS, as of 5:00pm on November 7, District received twenty (20) written objections to the proposed water rate increases as set forth in the Notice and are attached to this Resolution in redacted form as Exhibit A ("Objections"); and WHEREAS, this Resolution, as required by AB 2257, sets forth in Exhibit B the District's substantive basis for retaining the proposed rates in response to the Objections; and WHEREAS, this Resolution, as required by AB 2257, responds in writing to the Objections, including the grounds for which an Objection is not resulting in clarification of the proposed rates, reduction of the proposed rates, or further review, and that the District will continue with the protest hearing required by Proposition 218. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Truckee Donner Public Utility District as follows: 1. The recitals set forth in this Resolution are true and correct statements, and together with Exhibits A and B, are incorporated as operative parts of this Resolution and findings and determinations of the Board of Directors. 2. The Board of Directors finds the District has completed all requirements of AB 2257, including completing the procedures described in paragraphs (1) to (6) of subdivision (c) of Government Code section 53759.1. Consequently, any person or entity that has not timely submitted a written objection, or any person or entity that timely submitted an objection but did not properly complete a written objection form as described in Exhibit B, is prohibited from bringing a judicial action or proceeding alleging noncompliance with Article XIII D of the California Constitution for the proposed rates. 3. In exercising its legislative discretion, the Board of Directors of the District determines that: (1) the Objections and the District's responses thereto as set forth in Exhibit B do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the Objections; (3) based on the Objections no further review is necessary before making a determination on whether clarification or 3 Page 89 of 312 reduction is needed; and (4) to proceed with the protest hearing required under Proposition 218, section 6 of Article XIII D of the California Constitution. 4. District staff is directed to mail a copy of this Resolution to each person who submitted a timely Objection to the address listed on the Objection. PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public Utility District at a regular meeting thereof duly called and held within said District on the nineteenth day of November 2025 by the following roll call vote AYES: NOES: ABSTAIN: ABSENT: Attachments Exhibit A — Written Objections (Redacted) Exhibit B — Responses to Written Objections TRUCKEE DONNER PUBLIC UTILITY DISTRICT: Christa Finn, President of the Board of Directors Date Attest: Martina Rochefort, District Clerk/ Executive Assistant to the General Manager El Page 90 of 312 Exhibit A To Resolution No. 2025-32 Written Objections (Redacted) Page 91 of 312 Proposition 218 Written Objection Form REQUIREMENTS. - (1) Each past of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to government code section 53'5.1 all objections must be timely received by the Truckee Donner Publrc Utility District by 5:00 p.m. on November 7, 2025. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through a Jegal proceeding alleging noncompliance with Article XII I D of the California constitution for these proposed new water rates. GeneraNzed objections are insufficient. To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue that they intend to pursue in a judicial action or proceeding. (4) Late -filed, noncompliant, or incomplete written objections without an original signature will not be considered as satisfying the exhaustion of administrative remedies requirement.. NAME OF PROPERTY OWNER OR RATEPAYER: % a ,r. ■t-• - - - - ---- - - 1 Page 92 of 312 1. Describe the provr&vn(s) of law that form the basis of your objection, with specific reference to statutes, rules, constitutional previsions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as nec.essary.) / tte raJ 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additianal pages as necessary.) Thv'i LU cis rio CaYe{-&i td C{R WK&/fl i kx u ��.�4—�v�. �S hc� a (Ct. 5 k 5 + 9 £'X C e y -e. 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary.) Page 93 of 312 Signature: Print Name: Date: 11)- I L? •'( I PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORDINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 QQNNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. 70 BE CONSIDERED TIMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:00 P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number vo►jr rfinnr,ccl Thi5 15 3 Page 94 of 312 Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to government code section 53759.1 III objections must be timely received by the Truckee Donner Public Utility District by 5:00 p.m. on November 7, 2025. Failure to firnely submit a written objection, with. original signature, using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Article XIII D of the California Constitution for these proposed new water rates. (3) Generalized objections are insufficient. To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue (s) that they intend to pursue in a judicial action or proceeding. (4) Late -filed, noncompliant, or incomplete written objections without an original signature will not be considered as satisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER: APN F PROPERTY: I Page 95 of 312 1. Describe the provision(s) olaw that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations., and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach dit]on l pages as necessary.) t I pro k 5+the, ,gat (_r-�CA�7g P. 2. Describe, with reference to your property and usage of water, how the proposed rates Violate the provisions of law you cited above. (Attach additional pages as necessary.) &VT k d P rc) sse r /-f7 po� �( L4&JO 7YL ra 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments_ (Attach additional pages as necessary.) 2 Page 96 of 312 Signature: Print Name Dates (O • L{ PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORGINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNiA 96161. TO BE CONSIDERED TIMELY, AVAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5'0(l P_M_ ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) Is a5�- 3 Page 97 of 312 Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to govemment code section 53759.'I III objections must be timely received by the Truckee Donner Public Utility District by 5:00 p.m. on November 7, 2025. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Artide XIII D of the California Constitution for these proposed new water rates. Generalized objections are insufficient. To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue that they intend t.o pursue in a judicial action or proceeding. Late -filed, noncompliant., or incomplete written objections without an or in l signature will not be considered as satisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER: ran � I I.I OWNER OR RATEPAYER'S ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: 1 Page 98 of 312 I. describe the provision(s) of few that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as necessary.) A ram 111areak rC &tVO,(�SCccL LW is ,ter SLAsta.c&beW 4h 1i(\4F (5fl'LP 2.. Describe, with reference to your property and usage of water, how the proposed rates violate the provisio-ns of taw you cited above. (At€ach additional pages as necessacy.) ii bQ4XC-Q 4c) ci&r bQJJe41 Ctn� h re: koa llh ca r�e . Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages. as necessary.) {`CtQdPC( S w ;1L 2 I nccxvriz . N Page 99 of 312 Signature: Print Name-, Date. I PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORGINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96'161. TO BE CONSIDERED TAMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:00 P.M. ON NOVEMBER 7, X025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) use ate- Mcre dw I#6 3 Page 100 of 312 r I Proposition 21.8 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to govefnment code section 53759.1 all objections must be timely received by the Truckee Danger Public Utility District by 5:00 p.m. on November]. 2025_ Failure to timeiy submit a written abjectian, with original signaturer using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Article VIII D of the California Constitution for these proposed new water rates. (3) Generalized objections are in5ufficient. To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue (5) that they intend to pursue in a judicial action or proceeding. (4) Late -filed, noncompliant, or incomplete written objections without an angina signature will not be considered as satisfying the exhaustion of administrative reniethes requirement.. NAME OF PROPERTY OWNER OR R4TEPAI'ER: yc&yi ext Mu I OWNER OR RATEPAYER'S ADDRESS: (Must be subject to kiCArn cert APN OFPROPERTY: 1 roposed rates) Page 101 of 312 I 1. Describe the provision(s) of Law that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regu'ations, and/or cases that are alleged to be violated if the proposed rates are adapted. (Attach additional pages as necessary.) Docamwis 2. Describe, with reference to your pfoperty and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional pages as necessary.) bc)cum"-'� s enc�os-ect 3. Describe how Truckee Donner Pubic Utility thstrict may correct the alleged violations of Law you stated above. Provide amendments to the proposed gates and the written basis for the amendments. (Attach additional pages as necessary. 2 Page 102 of 312 4 Signature: err -v+ ---c 4/4,•�t- �`�'ki'We(A Print Name: Ed mond ki. kCc rmpef {' 4 Mo,kr y1 f�,YWn±pr Date: JO - 6 = 2025 PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL TI-I!S COMPLETED OBJECTION FORM WITH AN 0RGINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNEDONNER PASS ROAD, TRUCKEE, KEE, CALIFORNIA 96161. TO E CONSIDERED TIMELY, MAiLED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5: PAM. ON NOVEMBER 7. 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) 3 Page 103 of 312 rD I 'I r in Lq z -IfE rn 0 0 z .< C) Page 104 of 312 T A El , ,J1. -..-. 0 I 9 7 X O cL Z n c. cr C �.. _ F " a 0) •cr Fh Cfi D3 on Rb+ .--F- CD o 0_ w CDa ; z _ ! —. — -1 P • r #q D D O , J r -r n' �"' W r- �. r"r � w ' 6 r. _ 7 �F Z I a r+ cL a. rn a 0- o0 CD 0 '"w 3 C) r m m a 3 c -u r -u O O '0 .< z O ED T. F _ . _ _ e .i _ L- _rte w Page 105 of 312 I h1. CD D i. 0. 0 lr 2 . I 4 Pa 0 m 1 — o r, x w IL0J cr _ m EA O 0 - 9 C) T � rpm f 9. :a m in r go I� -r _ r CD O2 r. .�. T a a —. I14 _ r= fia r fG � r re W1 O 'ID C) r m '4, 'U �o 3 c 1 c r 44 1 m C) 0 'a z 1< k C. Page 106 of 312 a The follow1ng of Brack. rates are FLAT H4j"E R,B .ADEprlAL V1996/97 RATE SCHEDULE levied In addition to annual aasesscent fees on A shmres FortF sit +dt i i rs ($46.00) bimontb1F. Fern will be payable, in advaiii e, on May 1 ., July 1, September I, November 1, January I and March 1,, These fees will be considered delinquent 30 days after the billing date (sec Rules & Regulations , page 13, Article 111 , "Fee Stricture"); Accountts that become delinquent are anacased a five dllar (*5.00) late charge at thirty (30) -days and. 010 t 00 Red Tag Fee at forty five (4 5) days. ARV&&L,*P.ME R.$D_ k ES.I DBDBNtJ.&L K TEL Commercial and metered reoident.ial customers will be billed the following rates based on meter size effective May 1, i995 4s -l" meters S 44.50 biRonthly, 25,000 gallon bl*onthly allotment; meters $ 35.6S bimonthly, 31 , 230 gallon bi.ontbl r a1lataent; 1 1/2" meters $ 66178 bimonthly, 31,S00 gallon bisrontkly allatment; 2" meters $ 89.1'4 bimonthly, 30 000 gallon bimonthly allataent; and .30 aeterr $133.56 bimonthly, 15,000 gallon b*mont 1F allctm ft. Tatar COflupton in exceso of the a l 1otment s indicated will be billed the following excess cansuaptton rates per each additional one thousand gallon or portion tberea! in addition to the regular bimonthly rate per meter size: I to 20,000 ail a ..•.■F. ■,r■■ ■60/1000 gallons 20.000 to 40,000 a11on ■ .. ■ ■ .70/1000 gallons 40,0110 and a o e ■ . � * . ■ F ... * .... f I f l gallons Excess consumption fees will be billed bl.onthly RATES IN ADDITION '1'O !4 `,,, R P`B Mai U41 &8. 8 JJTR; _k Unit I Fees 829.00 Meter J 4*(per Board g 8/25/92) 127.00 Meter 1" (per Board Mt. 8/25/92) 1 gS ■ 0.Q Connection Inspection Fee 50,00 Meter Boxes: 3/4" Single (when approved by GIIWC) 294.00 3/4 Double 497,00 3/41t Double/Double 440.00 10 Single (when approved by GMYC) 42700 Service Call (during office hours) 20.00 Disconnect for company reasons 2.00 Obsolete Account (min. 12 months) 10.00 Transfer Fee (change in ownership) 10.00 Returimed Check Fee 13.00 Stock Forfeiture Fee 100.00 Fire Bydrant, mater deposit 600.00 Fire hpdrant, metered water rate 2.75/1000 gallon. Fire hydrant, no x-aetBred water rate .00 truck load **AFTER AHuR C1IARGE9 WILL BE DOUBLE THE ABOVE RATES*I PRICES ARE SUBJECT TO CflANGfl ADOPTED 4/16/96 RESOLUTION 960U4 Page 107 of 312 No a. 1997 RATE SCHEDULE The following rates are levied in addition to annual aeees-anent fee R an shares of stock* F L T A BE -SIDE TlL: Forty six dollars ($46.00) bimonthl7! Fees will be payable, in advance, an may 1, July 1. September I, November 1, Ja ii.uary I and tarelt I. Theme fees will 'be considered delinquent 30 days after the billing data (see Rules & Begu1ations, page 1 , Article I 1 16 "Fee Structure). ". Accounts drat become del i nquemt ate assessed a five dollar $ .d0) late charge at thirty (30) days and 410600 Red Tag Fee at forty five (4 5) days 4 Late Fees, Red Tag Fees , and shut-off f ems become a part of your water billing. Balances that remain unpaid into the next billing period will be charged -additional late fees. - Ct] NCI AI_. ND. _ E.RED ,.]R E I DE Ti I AI. BATE: Commercial and metered residential castoaera will be billed tie following rates based on ■ester size effective ay 19 1996: -1 u t $ 4450 t`�i ontl�1. 25,000 gallon y iiaonthly y al1v sent F 1/4" meters 55.65 biaonth1y 31,250 gal1oi bi.ontkly I t/2 meters 66.79 bimonthly, 37,500 gaI1 rt bimonthly , allotment; TM ■ate.rig $ 89.04 bimonthly. 50.000 gallon biKonthly allotment;, and 3" meters $133.56 bimonthly, 73 000 gallon bimonthly allotment. Water consumption in excess of the allotments indicated will he billed the following excess Ionuapt1on rates per each additional one thousand gal ionor portion thereof in addition to the regular bimonthly rate per meter mire: I to 20,000gal loma • i r. i i f . . ■ 60/1000 gal fortis 20,000 to 40,000 gallons ■ ■ . ■ .. $ ■ 70, 1000 gallons 4 0 } 0 V 0 a nd Lf ! ■ . ! ■ ■ ■ ■ ■ ■ above..... ■ F ■ ..$l.OO/1000 gal Inn Excess coneumptio•tt fees will be billed bisonthlFf TO WATER Unit I Foes Meter 3/4"(i,er Board Wtg. 8/25/92) Meter 1" (per Board Wt * /25/92) Connection 1napection Fee ester toxe8; 3/4" Single (when approved by GMWC) 3/4" Double 3/4" Double/Double 1*' Single (when approved by GMW ) Service C811 (during office hours) Disconnect for copay reasons Obsolete Account (aino 12 months) Transfer Fee (chanXe in ownership) Late Fee, Both+! Water & Assessment Accts. Red Tag Fee, Both Water & Asst. Acc to . Returned Check Fee Stock forfeiture Fee Fire Hydrant, meter deposit Fire hydrant , metered water rate Fire hydrant, non -metered water rate 829.00 127,00 188.00 50.00 294 .00 497.00 410.00 427■00 20.00 25,00 10.00 10.00 5.00 10.0-0 13.00 100.00 •600.00 27S/l000 gallons 25.00/truck load a' AFTER HOJ CL&R&BS WILL BE DOUBLE TRB ABOVE RATE** PRICES ARE SUB 'EcT TO CHANGE ADOPTED 04/22/97 RESOLUTIGN 97-OU Page 108 of 312 # ' i-. 14630 G1enshire ]hive R.O.GLE I liE Box. 62 Truckee, 96160 916' 587.4949 916•S874952 (FAX) MkTJAL11WAT`8COMPANY - -- - tai RE: Dear property Owner(s): It has come to our attention that you are the new owner(s) the referenced lot of the l n hir /Devonshire Subdivision of Truckee, California. Olenshire Mutual Water Company operates on behalf of the lot owners in Glenshire, Devonshire, The Meadows and Cambridge Estates. For each lot in these areas which is appurtenant to the property. The share appurtenant your land has been transferred �p to into your name(s), and the enclosed certificatei evidence of your ownership in the Glenshire Mutual Water , Company. Any previous, certificates have been cancelled on the books of the corporation and are no longer alid. Whilethe share of stock is evidence of your right to receive water for your land and vote as a shareholder to choose the Board of Directors, it also carries the responsibility providing of � the necessary financing to operate and maintain the water system. Each share is subject to pay debts and expenses, either incurred a r estimated to be incurred, and for the creation of reserves annual and continued operation and maintenance of the water company. These assessments are used to keep the at r company operational and to insure water availability at the time you develop your lot. All shareholders are equally responsible for the assessments even if they are not hookedto the water up system and using water. Water users pay an additional fee to cover water delivery expenses. Currently, the annual assessment is $100; 00 and is levied each May 1st, with remittance due upon receipt .1 Non-payment of the assessment results in forfeiture of the ownership of the stock and right to water service. The Board of Directors may file piiatin with the Dan rt nt of Corporations for redemption of these shares at the sole expense of the owner requesting the share issuance, but the Board of Directors are not required to Our Articles of Incorporation authorize the company to ell water on'y to owners of our stock. This means that each homeowner nor is responsible for all water charges even if the honie is leased to another party. Page 109 of 312 Wr 14r. . March 18, 1997 Page Two The Water Company can direct the bimonthly billing statements to the tenant with written instructions from the owner; however, this method of collection does not release the property owner from the responsibility of payment. The homeowner will still be liable for all unpaid charges, including but not limited to late, red tag and reconnection As the owner of this property, it is your responsibility to keep the cOmpany informed of your current address to insure receipt of all billings and commniunications. In the event you sell your property, please return your share certificate and notify us immediately of the newowner's name and address so that we may .i ue a new certificate and apply the 7 assessment accordingly. You can instruct the title company to do this for you through escrow procedure. At the time you decide to build on your lot, you will be required to complete and sign an application for water service, and pay the required fees. Applications will not be approved without the property owner's signature, payment of all fees and any delinquent amounts due the water company. After the application has been processed, and the service connection and lateral line inspected by our operations personnel, water service will be initiated . Services hooked up without an approved application and .inspection will be subject to a penalty, and the connection will have to be uncovered at the owner's expense for inspection. Specifications for installing the hook-up and the Company OperatingRules and Regulations will be provided at the time of application or upon request. We anticipate your interest in the organization4 If you have any questions or wish additional information, please feel free to contact Sincerely, GLENSHIRE I E MUTUAL WATER COMPANY, ill Whitener General Manager BDW/ks Enclosures File 4425 INC Page 110 of 312 I. tcil ri f?c y TRUCKEE DONNER L d Public Utility District Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. To exhaust administrative remedies pursuant to government code section 53759.1 air objections must be timely received by the Truckee Donner Public Utility District by 5-00 p.m. on November 7, 2025. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Article XI II D of the California Constitution for these proposed new water rates. Generalized objections are insufficient. To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue that they intend to pursue in a judicial action or proceeding. Late-fil dt noncompliant, r incomplete written objections without an original signature will not be considered as satisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER: Crump, Christopher & Evangeli#a Trste OWNER OOR RATEPAYER'S ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: t Page 111 of 312 I - Describe the provision(s) of law that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as na r!,s.) IThis proposed rate increase appears to violate multiple provisions of Law: California Constitution., Article XIII D, $6(a)(1)-(3): Revenues may not exceed service costs and must be proportional. Government Code S53756: Prohibits automatic or ongoing rate adjustments not tied to cost -of -service. Relevant Case Law: Howard Jarvis Taxpayers Assn. v. City of Fresno (20U5),. 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional pages as necessary.) Our property is a single-family home with moderate water consumption and conservation measures. Despite this, the proposed . % annual increase would raise our bill significantly. The District has not provided a detailed cost -of -service analysis demonstrating that the cost to supply, treat, and deliver water has increased proportionally. Some proposed revenue appears to fund capital projects or administrative costs unrelated to our service, and the automatic -escalator violates Government Code S53756. 3. Describe how Truckee Donner Public Utility District may correct the alleged vioatons of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary.) Please see attached memo dated October 16, 2025 2 Page 112 of 312 a Signature. -FO�6 Print Name Date: 'ii,jLitC'ZliZ .* kL.ozL UI (Lt Q PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORGINAL SiGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. TO BE CONSIDERED TIMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:00 P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) Page 113 of 312 } F N. Date October 16, 2025 Truckee Donner Public Utility District 11570 Donner Pass Road Road Truckee, California 96161 Christopeer & Evangelita Crump Subject: Proposition 218 Protest - Objection to Proposed 6.5% Annual Water Rate Increase Pursuant to Article XI 11 D, Section 6 of the CaliforniaCatifornia Constitution (Proposition 218) and Government Code S53750 et. seq., We hereby submit this formal written protest and objection to the Truckee Donner Public Utility District's proposed 6.5% annual increase in water service rates. This proposed rate increase appears to violate multiple provisions of Law: • California Constitution, Article XHl 0, 86(x)(1 -()4 Revenues may not exceed service costs and must be proportional. • Government Code 4 Prohibits automatc or ongoing rate adjustments riot tied to cost -of -service. • Relevant Case Law: Froward Jarvis Taxpayers Assn. v. City of Fresno (2005), Capistrano Taxpayers Assn. v. City of San Juan Capistrano (2015), Bighorn -Desert View Water Agency v. Vasil (2005). How the Proposed Rates Violate the Law as Applied to Our Property Our property is a single4arnily home with moderate water consumption and conservation measures. Despite this, the proposed .° annual increase would raise our bill significantly. The District has not provided a detailed cost -of -service analysis demonstrating that the cost to supply, treat, and deliver water has increased proportionally. Some proposed revenue appears to fund capital projects or administrative costs unrelated to our service, and the automatic escalator violates Government Code SS 3756. How Tahoe Donner Public Utility May correct the alleged Violations To bring the proposed fates into compliance with Proposition 218 and related law, the following amendments are recommended: Page 114 of 312 1. Publish a ComprehensiveCost-of-Service Study - Article XJ II D. 86(a)(1)-(3). 2. Remove or Revise the Automatic 6.5 Escalator - Government Code 853756_ 3. Align Rates with Proportional Cost of Service •- Articie XIII D, 56(a)(3). 4, Exclude Costs Unrelated to urr nt Service Article XIII D, $6(a)(1), , (4). .. Conduct Independent Audit and Public Hearing _ Article XIII 0, 56(a)(5). For these reasons, we respectfully request that TDPUD rith dra or revise the proposal to ensure compliance with Proposition 216 by providing full cost -of -service Justification, removing automatic escalators, and ensuring proportionality by customer, class_ Srn ely, £ v'a hJ CctLr1 Christopher and E.anelita Crum.p Page 115 of 312 i Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to government code section 53759.1 all objections must be timely received by the Truckee Donner Public Utility District by 5:00 p.m. on November 7, 2fl25_ Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Article XIII D of the California Constitution for these proposed new water rates. (3) Generalized objections are insufficient. To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue (s) that they intend to pursue in a judicial action or proceeding. (4) Late -filed, noncompliant, or incomplete written objections without an orig�:naF signature will not be considered as satisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER: Vicki Henry OWNER OR RATEPAYER'S ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: Page 116 of 312 1. Describe the provision(s) of law that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations,and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as necessary.) Violation of ArticleXIII D 6(b)(3) — Use of fees for general government purposes The inclusion of "General Manager, "AdministrativeSeMces," and "Board of Directors" operating costs in the water rate base (as shown in the -draft rate study) suggests that rate revenue is being used for non -water -related overhead, contrary to constitutional limits. Failure to comply with procedural transparency under Prop 218 The mailed notice and online materials omit key analytical tables (capital reserve balances, depreciation hedul , and comparative cost -per -gallon metrics) necessary for meaningful public review. Prop 218 mandates that "the agency shall provide written not -ice containing sufficient information to identify the amount, basis, and reason for the tee" TDPUD1s notice provides only aggregated percentage increases. 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional pages as necessary.) Unlawful compounding and pre -authorization of future rates The Board seeks to approve five years of rate increases in one vote, binding future ratepayers and Boards without annual public recalculation of cost of service, violating Prop 218's requirement that each rate adjustment be independently justified. Disproportionatefixed charge component The Base Charge represents the "vast majority" of all residential bills (TDPUD"S own mailer confirms this). A high fixed charge, unrelated to actual water use, penalizes conservation and may be inconsistent with State Water Board efficiency policies and Prop 218's proportionality clause. 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary.) 2 Page 117 of 312 d Signature: Print Name: Date: t 225� PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORDINAL SIGNATURE TO TRUCKEE D0NNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. TO BE CONSIDERED TIMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:00 P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) Sec 3: Suspend adoption of the 2026-2030 rate . h du ; Direct HDR Ic prepare a revised, transparent, per -class cost -of -service report and updated capital needs assessment; Hold a new public hearing with at least 45 days1 notice and full data disclosure; Adopt only ,ore -year adjustments, subject to independent audit and inflation verification. 3 Page 118 of 312 C' a',izovV\ Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely, (2) To exhaust administrative remedies pursuant to government code section 53759L1 all objections must be timely received by the Truck.Truck.ee Donner Public Utility District by 5:00 pm. on November 7, 202.5. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through legal proceeding alleging noncompliance with Article XIII D of the California Constitution for these proposed new water rates. (3) Generalized objections are insufficient. To satisfy this exhaustion of adniinistcative remedies requirements, objecting parties must present the exact issue (s) that they intend to pursue in a judicial action or proceeding. (4) Late -filed, noncompliant, or incomplete writt n objections without an original signature will not be considered as ti f in the exhaustion of administrative remedies requirement. NAME OF PROPERTY ow R OR RATEPAYER: ject to proposed rates) APN OF PROPERTY: Page 119 of 312 I. Describe the prim of law that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, arid/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as necessary.) */ S (ttt Ivareaf-es eiGPL4.0l4/1G � /8 4 CO 4 L7> CtCL6 friDL4/ kow 4- Vc&) L,jr/ . Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional pages as necessary.) QflC I kwi ko QpJQ� 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary.) i 2 Ulie Page 120 of 312 R Signature: Print Name: Date: PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OS,lECTfON FORM WITH AN ORGINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. TO BE CONSIDERED 71MELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY S:QQ P.M.. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) Page 121 of 312 Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out camp�etely. To exhaust administrative remedies pursuant to government code section 5375-9. r1 all objections must be timely received by the Truckee Donner Public Utility District by 5:00 p.m. on November , 2025. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through legal proceeding alleging noncompliance with Article XIII D of the Catifornia Constitution for these proposed new water rates. Generalized bj tion are insufficient. To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue that they intend to pursue in a judlolal action or proceeding. Late;filed, noncompliant, r incomplete written objections without an original signature will not be considered as satisfying the hau tion of administiative remedies r quir rn nt. NAME OF PROPERTY OWNER OR RATEPAYER: Janet Coombs 1 OWNER OR RATEPAYER'S ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: Page 122 of 312 1. Describe the pr i i n(s) of law that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as necessary.) Prop 218 requires voter approval for new or increased property -related fees, including water rates. It mandates that water rate structures be based on the cost of providing service and can not be unjustified or inflated. 2. Describe, with reference to your property and usage of water, how the proposed rates v�vla#e the provisions of law you cited above. (Aftach additional pages as necessary. My property is at the bottom of TD and in Zone 2. My water use fluctuates monthly based on my use. In the winter months it is almost nil. I am already being charged a pump charge, base rate and commodity charge. The proposed annual increases do not reflect the true cost of providing service. 3. Describe how Truckee Dormer Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the m nd ent . (Attach additional pages as necessary.) 2 Page 123 of 312 Signature: J4t Print Name: Date: '��y� PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORDINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. TO BE CONSIDERED TIMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:00 P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) 1 Page 124 of 312 n M Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to government code section 537591 all objections must be timely received by the Truckee Dormer Public Utility District by 5:00 p.m. on November 7, 2025. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through legal proceeding alleging noncompliance with Article XIII D of the California Constitution for these proposed new water rates. Generalized objections are insufficient. To satisfy this exhaustion f administrative remedies requirements, objecting parties must present the exact issue that they intend to pursue in a judicial action or proceeding - (4) Late -filed, noncompliant, or incomplete written objections without an original signature will not be considered as satisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER RATEPAYER: David and Nancy Tattersall OWNER OR RATEPAYERS ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: Page 125 of 312 I 1. Describe the provision(s) olaw that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be iolat d if the proposed rates are adopted. (Attach additional pages as necessary_) No basis has been described for why the rates should be increased so much. We have received no detailed information supporting the rate increase. . Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional pages as necessary.) The higher rates to be applied to part time residents is clear case of discrimination. Fart time residents will pay the same base fee as full time residents. There is no basis for charging a higher just because you are a part time resident. . Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary.) 2 Page 126 of 312 r. .6 Signature: Print Name: P Cate: 1 dA PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTIONFORM WITH AN. 0RGINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNEDONNER PASS ROAD. TRUCKEE, I EE, CALIFORNIA96161. TO BE CONSIDERED TIMELY, MAILED OBJECTtONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:00 P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) Page 127 of 312 Proposition 218 Written Objection Form P REQUIREMENTS: (1) Each part of this form must be filled out completely. To exhaust administrative remedies pursuant to government code section 53759.1 all objections must be timely received by the Truckee Donner Public Utility District by 5:00 p.m. on November 7, 2025. Failure to timely submit a written objection, with original signature, using this form bars any right.to challenge the new rates through a legal proceeding alleging noncompliance with Article X1111 D of the California Constitution for these proposed new water rates. Generalized objections are insufficient. To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue that they intend to pursue in a Judicial action or proceeding. (4) Late -filed, noncompliant, or incomplete written objections without an original signature will riot be considered as satisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER: Joshua Ridless 1 OWNER OR RATEPAYERS ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: 1 Page 128 of 312 n 1. Describe the provision(s) of law that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are a c•pt ce (Attach additional pages as necessary.) e . Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach dditi•on 1 pages as necessary.) 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary.) 2 2 Page 129 of 312 Signature: _ Print Name. Joshua R�dless Date: 9/28/25 PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WTH AN ORGINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS READ, TRUCKEE, CALIFORNIA 96161. 10 BE CONSIDERED TIMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY x:00 P.M. ON NOVEMBER 7, 2025. 1 ADDITIONAL PAGE (OPTIONAL) (Please number your responses) 3 Page 130 of 312 APN OF PROPERTY: Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to government code section 53759.1 all objections must be timely received by the Truckee Donner Public Utility District by 5:00 p.m. on November 7, 2025. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Article III! D of the California Constitution for these proposed new water rates. Generalized objections are insufficient. To satisfy this exhaustion of administrative remedies requirements* objecting parties must present the exact issue that they intend to pursue in a judicial action or proceeding. (4) Late -filed, noncompliant, or incomplete written objections without an anginal signature will not be considered as satisfying the exhaustion of administrative anted es requErement. NAME OF PROPERTY OWNER OR RATEPAYER: Erika Frick AYR'S ADDRESS: (Must be subj 1 top rates) Page 131 of 312 1 . Describe the provision(s) of haw that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regu'ations, andlor cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as necessary.) he steep increases likely violate Art. Xffl [], &(b) of the CA Constitubon (Prop 218), which bars rates exceeding proportional service costs €ar generating excess revenue. he lack of detailed financial data also raises concerns under Gov. Code §66413, hich requires capital charges to reflect actual costs, and under PUC §§128111 12823, mandating fair, reasonable, non-discriminatory rates. The structure may urther violate Art. X, §2 of the CA Constitution by discouraging beneficial water use hrough excessive pricing. Additionally, the increases raise equal protection issues rider federal and state Constitutions due to their disproportionate impact on certain eographicleleva#ian-based customer groups without sufficient justffication. Though Oce was given, it lacked the clarity and specificity reeded for meaningful public participation, potentially violating Prop 218 and the CA Public Records Act, 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional pages as necessary.) �s a resident in Pump Zone 4, my property is subject to even higher water charges in he district. No clear Cost -of -service data or justificafion was provided for these lisproportionate rate hikes, which far exceed nfiation and extend years into the future vithout basis. This lack of transparency violates Art. XIII a, §6(b) (Prop 218), 'equiring fees to match proportional service costs, and PUC §§12811, 12823, Mandating fair, reasonable rates. Base rates for all zones have already risen sharply n recent years, and proposed multi -year increases continue this excessive trend. 4bsent clear evidence linking hikes to actual service tests, they appear to violate 'fop 218, Gov. Code §6G413, and equal protection principles byimposing unjustified �urdens, especially on higher -elevation customers. 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary.) IForm is not workirtg, Please see Box on page 3 for this answer. 2 Page 132 of 312 rj Signature: O x Print Name: Date: % 0/1 PLEASE HAND DELIVER DURING'BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORGINAL SIGNATURE TO TRUCKLE DOWNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. TO BE CONSIDERED TIMELY, MAILED OBJECTIONS MIDST BE RECEIVED (NOT POSTMARKED) BY 5:00 P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL.) (Please number your responses) swer to question 3 above'. D U should cancel all proposed rate increases. ec•ont hikes have already far exceeded inflation with no clear cost justification. No further nereases are warranted, irn ndme:nt: reeze rates at current levels through the .proposed period. is: increases have been excessive and unsupported by transparent data. user hikes Iikely violate Prop 218, Gov. Code §66013, and PUG §12811, 12823. PUD shouki focus on better fiscal management, not higher rates. 3 Page 133 of 312 Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to government code section 53759.1 all objections must be timely received by the Truckee Donner Public Utility District by 5:00 p.m. on November 7, 2O25. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Article XIII I U of the CaEifornia Constitution for these proposed new water rates. (3) Generalized objections are insufficient. To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue (s) that they intend to pursue in a judicial action or proceedpng. (4) Late -filed, noncompliant, or incomplete written objections without an original signature will not be considered as satisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER: Flavio Scarra -- OWNER OR RATEPAYER'S ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: Page 134 of 312 1. Describe the provision(s) of law that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as necessary.) I am writing to formally object to the proposed water rate increases scheduled through 2030, which would raise the rate from 103.03 to 139.58—a substantial increase of approximately 35%. This significant escalation will place a considerable financial burden on all households, regardless of their actual water usage. 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of raw you cited above. (Attach additional pages as necessary) I strongly urge you to reconsider the structure of these rate increases. Specifically, I recommend that the policy be revised to avoid penalizing households with lower consumption, such as those using their property as a vacation home or families who actively conserve water. The current policy discourages conservation and disproportionately impacts those who use less water, which may raise questions regarding its fairness and legality. 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary. ) PIeRN Ct 1 E'.Zdr I hig: i;5P ee r4j Iaf111J1 xMIt MVG o"PFOPQIP C RIM4 c 9 I {epvc16vPiY r@gj44�I rrr<1 y+ -s rQu,ow and l 21 idr I�.i ttroi'4 F Ed,xsta to ararla 001kew thaL ocher r HEam equtable yreaLrt erl axed inc@nb Nrea water iOii Page 135 of 312 Signatur Print Name: Date, PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORDINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. TO BE CONSIDERED TIMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:0D P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (P'ease number your responses) Page 136 of 312 J Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to government code section 53759.1 all objections mutt be timely received by the Truckee Donner Public Utility District by 5.00 p.m. on November 7, 2025. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Article Xfll• D of the California Constitution for these proposed new water rates. (3) Generalized objections ace insufficient. To satisfy this exhaustion of administrative remedies requirements, objecUng parties must present the exact issue (s) that they intend to pursue in a judicial action or proceeding_ (4) Late -filed, noncompliant, or incomplete written objections without an original signature will not be considered as satisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER - Terrence Conway OWNER OR RATEPAYERS ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: Page 137 of 312 1. Describe the provision(s) of Law that form the bass of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be viaPated if the proposed rates are adopted. (Attach additional pages as necessary.) The proposed TDPIID water rate increases violate provisions of Article Xiii D Section f tie CaIiornia Constitution (Proposition 18) WhCIi requires that property -related charges such as water rates Not exceed the funds .r quifed to provide the service (Section 6(b)(): Be used only for the cost of providing the service (Section (b)(2)) Be proportional to the cost 01 service attributable to each parcel (Sermon 6(b)(3); and I Not impose fees for services not directly recehied by the parcel (Sermon (b)()) ThE coposet rate creases, I- �'jtinq et v tkc n-tas 1 "puma zone' sucrarQes. appeal to 'eato ttes.e contitutiflat provisions b k iftin excessive and disproportionate costs onto certain customers without clear and transparent 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional pages as necessary.) l resdi in Pump Zone 4, which is ubje t to an d iition l $106 per 1,000 gallons surcharge on top of base and commodity water rates, This surcharge is s t dul d to increase further under the proposed 2025-2030 rate plan. These vatEan-teased charges disproportionately impact my property and others 3n higher zones by rmpasing hundreds of dollars per year in additional costs unre#�ted to actual water usage or service quality. The compounding 7%-5.5% annual rate increases further amplify this inequity, resulting in total rate growth far above inflation and without sufficient demonstration that these revenues are necessary to provide service to my property. ITherefore, the proposed rates are not proportional to the cost of service, exceed the reasonable cost to serve 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above _ Provide amendments to the proposed rates and the written bass for the amendments. (Attach additional pages as necessary.) o correct es� vio a ions arid comp y'with Proposition 21w, istrict should: Suspend implementation of the proposed 2026-2030 water rate increases until a revised, transparent cost -of -service study is completed and publicly reviewed. Reevaluate the elevation -based "pimp zone" surcharges to ensure they are strictly proportionaJ to the ac#ual incremental cost of pumping water to each zone, supported by verifiable data, Provide clear documentation detailing how projected revenues will be used exclusively for water service costs, consistent with Article XIII D, Section 6(b)(2}. Conduct meaningful community engagement and public workshops before adopting any new long-term rate adjustments. These actions would restore compliance with Proposition 2'18 and ensure the rate 4 2 Page 138 of 312 v I Signature: Print Name: Date: or r•! PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORGINAL SIGNATURE TO TRUCKEE D0NNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. TO BE CONSIDERED TIMELY, MAiLED OBJECTIONS MUST BE RECEIVED SNOT POSTMARKED) BY 5:00 PM_ ON NOVEMBER 7, 2025, ADDITIONAL PAGE (OPTIONAL) (Please number your responses) Page 139 of 312 Date; To: From. Service Address: Subject: 10-13-25 Board of Directors, Truckee Donner Public utility District Michael T. Shellito Written Objection Form in Protest of Proposed Water Rate Increases for 2026-2030 pursuant to Government Code section 53759i and in accordance with California Proposition 218. I hereby submit this formal written protest against the proposed water rate increases for 2026 2030 as described In TDPUDrS Notice of Public Hearing. I do riot support the adoption of the proposed rate schedule. 1. Describe the provision(s) of law -that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach. additional pages as necessary.) Pursuant to California Government Code § 53759.1 and Article XIII D, Sections 2 & 6 of the California Constitution, I hereby object on the following legal and factual grounds: Violation of Article XIII D § 6(b)(1)- Lack of proportionality and nexus to -cost of service The proposed 6.5% annual increase appears uniform across all customer classes and years without a demonstrated cost -of -service analysis per clasp or zone. Prop 218 requires fees to rio greater than the proportional cost of service attributable to each parcel. The HOR rate study projects uniform increases regardless of consumption, service le tin, or infrastructure depreciation schedule, which may constitute an illegal cross -subsidy between customer classes. Failure to demonstrate actual financial necessity The HDR 2025 draft study assumes expenditure growth (administrative, IT, conservation, "interdepartmental rent") exceeding inflation and without line-iterri justific.ation. The report shows expenditures growing faster than revenues, suggesting inflated internal cost allocations andself- created deficits rather than verifiable system costs. Violation of Article XIII D § 6(b)(3) - Use of fees for general government purposes The inclusion of "General Manager," "Administrative Sari ," and "Board of Directors' operating costs in the water rate base (as shown in the draft rate study) suggests that rate revenue is being used for non -water -related overhead, contrary to constitutional limits. Page 140 of 312 Failure to comply with procedural transparency under Prop 21 The mailed notice and online materials omit key analytical tables (capital reserve balances, depreciation schedules, and comparative cost -per -gallon metrics) necessary for meaningful public review. Prop 218 mandates that "the agency shall provide written notice containing sufficient information t . identify the amount, basis, and reason for the fee," TDPUD"s notice provides only aggregated percentage increases. Inconsistent with Prop b)•( - Excessive reserve funding The study references "rate -funded capital" of $5-7.6 million per year, which appears to exceed current -year depreciation and may establish unauthorized reserves beyond reasonable operational need. Failure to re-evaluate after material assumptions. change Section 5.7 of the HDR Draft Report admits that "should these assumptions change, the proposed rate adjustments may also need to be revised.." Inflation, growth, and capital project costs have already shifted since the 2024-2025 base data. Adoption without an updated financial test constitutes arbitrary and capricious action under administrative law. Unlawful compounding and pre -authorization of future rates The Board seeks to approve five years of rate increases in one vote, binding future ratepayers and Boards without annual public recalculation of cost of service, violating Prop 218's requirement that each rate adjustment be independently justified. 2. Describe, with reference to your property and usage of water, how the •r • s d rates violate the provisions of law you cited above. Disproportionate fixed charge component The Base Charge represents the "vast majority" of all residential bills (TIDPLID's own mailer confirms this). A high fixed charge, unrelated to actual water use, penalizes conservation and may be inconsistent with State Water~ Board efficiency policies arid Prop 218's proportionality clause, 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide m ndm t to the proposed rates and the written basis for the amendments. I request that the Board: Suspend adoption of the 2026-2-030 rate schedule; Direct HDR to prepare a revised, transparent, per -class cost -of -service report and updated capital needs assessment; Hold a new public hearing with at least 45 days' notice and full data disclosure; Adopt only one-year adjustments, subject to independent audit and inflation verification. iSgnature: -3rint Name: Michael T. Shellito ito Date: 10-13-2025 Page 141 of 312 Proposition 218 Written Objection Form REQUIREMENTS (1) Each part of this form, must be failed out completely. To exhaust administrative remedies pursuant to government code section 53759.1 all objections must be tirney received by the Truckee Donner Public Utility District by 500 p.m. on November 7, 2025. Failure to timely submit a written objection, with orgina signature, using this form bars any right to challenge the new rates through legal proceeding aIeging noncompliance with Article XIII D of the Calif rnia Constitution -for these proposed new water rates. Generalized objections are insufficient To satisfy this exhaustion of administrative remedies requirements, objecting parties must present the exact issue that they intend to pursue in a judicial action or proceeding. Late -filed, noncompliant, or incomplete written objections signature will not be considered as satisfying the exhaustion requirement. NAME OF PROPERTY WNE RATEPAYER: Derrek Horn without an original of administrative remedies OWNER OR RATEPAYER'S ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: Page 142 of 312 . Describe the provision(s) olaw that form the basis of your objection, with specific reference to statutes, rules, consttut.ional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as necessary..) The proposed 2026 2030 water rate increases violate Article XIII D, Semen 6(b)(1) of the California Constitution because -the rates are not proportional to the actual cost of service for each parcel or customer class. The proposed increases also violate Arlicle XIII Li, Section 6(b)(3) because system revenues are being allocated toward administrative and overhead uses not directly tied to water service delivery. Additionally, the District is tt mpt ng to pre -authorize uld-year compounded rate increases without recaIcuIatrn� cost -of -service annually, which s inconsistent with Proposition 218 procedural and transparency requirements and Government Code § 53759.1. . Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional pages as necessary.) The majority of my bill is determined by the fixed Base Charge, which does not reflect my actual -water usage, This causes me to pay more than the proportional c05t of service required lo serve my parcel. Because the rate structure -relies heavily on fixed charges rather than usage -based costs, I am financially penalized despite conserving water. This vioIats the requirement that fees not exceed the proportional cost of service for my parcel The uniform annual increases also do not retie my property's spec demand level, elevation zone costs, or meter capacily. and therefore lack the constilutlonally required cost -of -service nexus. . Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary.) G TM Dorm rya r am amup rie ammo- W sib . J WOMW .O* A!* r.re �. �� m�. + 1494dPUJQr Try. C • O. 2 Page 143 of 312 Signature: natur : I er-r Horn C Print Date: 11/4/2025 PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED (]BJECTiUN FORM WITH AN ORGINAL SIGNATURE TO YRUCl<EE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRl1CKEE, CALIFORNIA96161_ TO BE CONSIDERED TIMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) RY 5:00 P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) (added the 'Descfibe how- TDPUD may correct the violations here due to formatting :issues) The District should suspend adoption of the proposed five-year rate schedule and instead adopt only a single -year rate adjustment that is tied to updated, transparent, and independently verged cost 1 -•service calculations, The District should revise the rate structure to reduce the fixed Base Charge and increase the vo'umetric volumetricrate component so that charges more closely -reflect actual usage and parcel -specific cost of service, A revised cost -of -Service analysis must be publicly released with line -it m operating, capital, administrative, and reserve allocation detail prior to any new hearing and rate adoption. Page 144 of 312 Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. To exha u t administrative remedies pursuant to government code section .53759.'1 a l objections must be timely received, by the Truckee Donner Public Utility District by 5:00 ppm. on November 7, 2025. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through legal proceeding alleging noncompliance with Article Xlll D of the California Constitution for these proposed new water rates. Generalized objections are insufficient. To satisfy this exhaustion of -administrative remedies requirements, objecting parties must present the exact issue(s) that they intend to pursue in a judicia' action or proceeding. (4) Late -filed, noncompliant, or incomplete written objections without an original signature will not be n idr d as satisfyingthe h, ti n of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER: Terrance Oliver OWNER OR RATEPAYER'S ADDRESS: (Must be subject to proposed rates) APN OF PROPERTY: Page 145 of 312 1. Describe the provision(s) of law that form the basis of your objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be iolated if the proposed rates are adopted. (Attach additional pages as necessary.) I am concerned that proposed rate increases (e.g. water rates, utilities, or tax assessments) will place an undue financial burden on residents in Truckee particularly those on fixed or moderate incomes. 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional pages as necessary) Because property values and assessments in our area have already been rising substantially, further increases in rates will magnify housing cost pressures. Many homeowners and renters are already stretched. A rate hike may lead to increased pushback r public dissatisfaction, and could reduce trust in local governance if residents feel sudden increases are not justified. 3. Describe how Truckee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the m ndr ent . (Attach additional pages as necessary). ire xe uuw r&iue3I li�1 it tiirr. erF-Ovate z3rivi6r d ttit it rea ra�r�ar1a srr t d8rdM Iu51rRIS�Li 'd c4artir-�nrrna;eu1i+7 sia- 5 m6dhr.OLAhca 2 Page 146 of 312 Signature: Print Name: Date: l� PLEASE HAND DELIVER DURING BUSINESS HOURS MAIL THIS COMPLETED OBJECTION FORM WITH AN ORGINAL SIGNATURE TO TRUCKEE DONNER I E IS PUBLIC UTILITY DISTRICT AT 11570 DONNER EI PASS ROAD* TRUCKEE, EE, CALIFORNIA 96161. TO BE CONSIDERE.D TIMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:00 P_ 'I1 ON NOVEMBER, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) 3 Page 147 of 312 Protest - For inclusion in public ount under Prop 218 I am the owner{ratepayer of the property located at: Service Address ______________________________ - ARN: Name: Jennifer Sanchez Signature-.,, Date: 10-1 -2025 I hereby submil this formal wrilten protest against the proposed water rate increases for 2025-2030 as described in TDPUD's oti of Public Hearing. I do not support the adoption of the proposed rate schedule. From my understanding the proposed plan to raise our rates by more than 13% every year for the next five years. That's a 68% increase in five years. The consumer price index for California hovers around 3% per year for increases in utilities. This proposed rate is too much! II_ Legal Objection and Grounds for Challenge Pursuant to California Government Code § 53759.1 and Article XIII D Sections 2 & 6 of the California Constitution, I hereby object on the following legal and factual grounds: Violation of Article XIII D § 6(b)(1) - Lack of proportionality and nexus to cost of service The proposed 6.5°ie annual increase appears uniform across all customer classes and years without a demonstrated cost -of -service analysis per class or zone. Prop 218 requires fees to be no greater than the proportional cost of service attributable to each parcel. The HDR rate study projects uniform increases regardless of consumption, service elevation, or infrastructure depreciation schedule, which may constitute an illegal cross -subsidy between customer classes. Failure to demonstrate actual financial necessity The HDR 2025 draft study assumes expenditure growth (administrative, IT, conservation, "interdepartmental rent") exceeding inflation and without line -item justification. The report shows expenditures growing faster than revenues, suggesting Page 148 of 312 inflated internal cost allocations and self-created deficits rather than verifiable system costs_ Violation of Article XIII D § - Use of fees for general government purposes The inclusion of 1 Gen ral Manager7 "Administrative Services1 and r"Bo rd of Directors' operating costs in the water rate base shown in the draft rate study) suggests that rate revenue is being used for non -water -related overhead, contrary to con titutional limits _ Failure to comply with procedural transparency under Prop 218 The mild notice and online materials omit key analytical tables (capital reserve balances, depreciation schedules, and comparative co ttper-gallon metrics) necessary for meaningful public review. Prop 21 8 mandates that 'the agency shall provide written notice containing sufficient information to identify the amount, basis, and reason for the fee."r TDPUD's notice provides only aggregated percentage increases. Inconsistent with Prop 218 § 6(b)(5) - Excessive reserve funding The study references "'rate -funded capital" of $5-7.6 million per year, which appears to exceed current -year depreciation and may establish unauthorized reserves beyond reasonable operational need. Failure to re-evaluate after m terial assumptions change Section 5.7 of the HDR Draft Report admits that "should these assumptions change, the proposed rate adjustments may also need to be revised Inflation, growth, and capital project costs have already shifted since the 2024-2025 base data. Adoption without an updated financial test constitutes arbitrary and capricious action under administrative Unlawful compounding and pre -authorization of future rates The Board seeks to approve five years of rate increases in one vote, binding future ratepayers and Boards without annual public recalculation of cost of service, violating Prop 218's requirement that each rate adjustment be independently justified. Di proportionate fixed charge component The Base Charge represents the "vat m. jority" of all re idential bills (TDPUD'S own mailer confirms this). A high fixed charge, unrelated to actual water use, penalizes conservation and may be inconsistent with State Water Board efficiency policies and Prop 21 8's proportionality clause. Page 149 of 312 III. Requested Remedies ie To cure these deficiencies, I request that the Board: Suspend adoption of the 2026-2030 rate schedule; Direct HDR to prepare a revised, transparent, per -class cast -of -service report and updated capital needs cement; Hold a new public hearing with at least 45 days' notice and full data disclosure; Adopt only one-year adjustments, subject to independent audit and inflation verification_ IV. Signature for Legal Standing I understand that failure to submit this objection with original signature and by 5:00 PM on November 7, 2025 may waive my right to legal challenge. This objection is therefore submitted in full compliance with Government Code 53759.1. Signature Service Address -- APN: Name: Jennifer Sanchez Page 150 of 312 L IF APN OF PROPERTY: TRUCKEE DONNER Public Utility District Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. To exhaust administrative remedies pursuant to government code section 53759.1 all objections must be timely received by the Truckee Dormer Public Utility District by 5:00 p.m. on November 7, 2025. FailureFaiLure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Article XIII I D of the California Constitution for these proposed new water rates. Generalized objections are insufficient. To satisfy this exhaustion of adrrinistrative remedies requirements, objecting parties must present the exact issue (s) that they intend to pursue in a Judicial action or proceeding. Late -filed, noncompliant, or incomplete written objections without an original signature will not be considered as satisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER: 1 5,vth s ,0 I1iPE OWNER OR RATEPAYER'S ADDRESS: (Must be subject to proposed rates) I Page 151 of 312 1. Describe the provision(s) olaw that form the basis of your objection, with specific reference to -statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as. necessary.) TM 4)t1 vL�1, ,tn na &-rAS4' .0 lb PL4L 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions cf law you cited above. (Attach additional pages as necessary.) tv'k, tv'J c -;'-''-- _ 3. Describe how Truckee Donner Public Utility Dstdct may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments. (Attach additional pages as necessary.) 1,.ii' Page 152 of 312 sp Signature: _ Print Name: .date: PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLE'TED OBJECTION FORM WITH AN ORGINAL SIGNATURE TO TRUCKEE .DQNNER PUBLIC UTtLITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. TO BE CONSIDERED TIMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:00 P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) Please number rraur resoonsesl Page 153 of 312 Oyu/�L� oK I Proposition 218 Written Objection Form REQUIREMENTS: (1) Each part of this form must be filled out completely. {2) To exhaust administrative remedies pursuant to government code section 5359.1 all objections must be timely received by the Truckee Donner Public Utift District by 5:00 p.m, on November 7, 2025. Failure to timely submi# a written objection, with original signature, using this form bars any right to challenge the new rates through a legal proceeding alleging noncompliance with Article XIII D o�the California Constitution for these proposed new water rates. (3) Generalized objections are insufficient To satisfy this exhaustion of adni administrative remedies requirements, objecting parties must. present the exact issue (s) that they intend to pursue in a judicial action or proceeding. Late -filed, noncompliant, or incomplete written objections without an original signature will not be consideredsatisfying the exhaustion of administrative remedies requirement. NAME OF PROPERTY OWNER OR RATEPAYER IJennifer Wilson OWNER OR RATEPAYER'S ADDRESS: APN OF PROPERTY; roposed rates) Page 154 of 312 I - Describe the provision(s) of law that farm the basis of your objection, with specWic reference to statutes, rues, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted. (Attach additional pages as necessary.) Article XIIII D. of the California Constitution and its progeny of caselaw CA. Constitution Article XIIII D, section 6 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Affach additional pages as necessary.) Proportionality: proposed assessment is the same as that for larger homes, despite a clear diff erence in property size and presumed benefit. This is a violation of the proportionality requirement, as the increase in fees exceeds the proportional share of the actual special benefit received. The burden of proof is on the town to demonstrate its proposed tiered water fees are proportional to the cost of sei'ui+ce attnbu#able to each custonl8r's parcel. Genera] v. Special Benefits: fails to separate and quantify the general and special benefits recewed to each parcel. Assessments can only be imposed for a special benefit conferred directly upon a specific parcel of property, not general governmental services that benefit the public at large. 3. Describe how Truckee Donner Public Uthity District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis or the amendments. (Attach additional pages as necessary) TDPUD needs to comply with Prop 218, and connect water usage and the services required to the increase in tees. TDPUD must comply with substantive and procedura' requirements justifying their cost and need to 'ocal property owners and taxpayers. Truckee must demonstrate that the increase in the tiered rates are based on the actual cost of providing water at different usage levels. Patz v. City of S.D. There is likewise no demonstrablelink to encouraging conservation. 2 Page 155 of 312 u Signalure: Print Name: Date: ��' lNl �i✓ l �" Ti -?f Gt,!'f Fig ..- PLEASE HAND DELFVER DURING BUSINESS HOURS OR SAIL THIS COMPLETED OBJECTION FORM WITH AN ORGINAL SIGNATURE TO TRUCKEE DONNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNIA 96161. TO BE CONSIDERED TrMELY, MAILED OBJECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:0a P.W ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) # Exceeds the cost of providing the service: .. an individuall who otten IS far under my allotment. of water under the current fee structure, - this ! effect, punishing those who are more conservativewitt their , !a"`1 Conservative use ot a water resource should inure conscientiouswith the use of this precious resource. Improper use of fps: There is not a proper demonstration that the use of tees will be. used for specific use_ Page 156 of 312 t I 'Jf. it Proposition 218 Witten Objection Form REQUIREMENTS: (1) Each dart of this form must be filled out completely. (2) To exhaust administrative remedies pursuant to government code section 53759.1 all objections must be timely received by the Truckee Danner Public Utility District by 5:00 p.m. on November 7, 2025. Failure to timely submit a written objection, with original signature, using this form bars any right to challenge the new rates through a legal praceeding alleging noncompliance with Article XlII D of the California Constitution for these proposed new water rates. (3) Generalized objections are hint. To satisfy this exhaustionadministrative i ` r strti remedies requirements, objecting parties must present the exact issue (s) that they intend to Pursue in a judicial action or proceeding. Late --filed, noncompliant, or incomplete writt n objections without an orig.naI signature wilT not be considered as satisfying the exhaustion of administrative requirement. NAME OF PROPERTY OWNER OR RATEPAYER: Whitney K. McBride i f Am a ---- - - APN OF PROPERTY: rates) Page 157 of 312 1. Describe the provision(s) of law that form the basis of your objection, with specific reference to statu#es, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted (Attath additional pages as necessary.) Article X6111 D, of the California Gonstitubon and its progeny of caselaw CA. Constitution Article X1111 D, section 6 2. Describe, with reference to your property and usage of water, how the proposed rates violate the provisions of law you cited above. (Attach additional paces as necessaru � Proportionality: proposed assessment is the same as that for larger homes, despite a clear difference in property size and presumed benefit. This is a violation of the proportionality requirement, as the increase in fees exceeds the proportional share of the actual special benefit received. The burden of proof is on the town to demonstrate its proposed tiered water fees are proportional to the cost of service attributable to each customer's parcel. general v. Special BeneMs: fails to separate and quantify the general and special benefits received to each parcel. Assessments can only be imposed for a special benefit conferred directly upon a specific parcel of properly, not genera! govemmental Pervices that benefit the public at large. .,, ueSGnoe now u rucKee Donner Public Utility District may correct the alleged violations of law you stated above. Provide amendments to the proposed rates and the written basis for the amendments _ (Attach additionai pages as necessarv.] TDPUD needs to comply with Prop 218, and connect water usage and the services required to the increase in fees. TDPUD muse comply with substantive and procedural requirements justifying their cost and need to local property owners and taxpayers. Truckee must demonstrate that the increase in the tiered rates are based on the actual cost of providing water at different usage levels. Patz V. City of S_D_ There is likewise no demonstrable link to encouraging conservation. 2 - Page 158 of 312 r Signature: Print Name: L PLEASE HAND DELIVER DURING BUSINESS HOURS OR MAIL THIS COMPLETED OBJECTION FORM WITH AN ORGINAL SIGNATURE TO TRUCKEE DINNER PUBLIC UTILITY DISTRICT AT 11570 DONNER PASS ROAD, TRUCKEE, CALIFORNiA 9fi1fi1_ TO BE CONSIDERED TIMELY, MAILED OBjECTIONS MUST BE RECEIVED (NOT POSTMARKED) BY 5:00 P.M. ON NOVEMBER 7, 2025. ADDITIONAL PAGE (OPTIONAL) (Please number your responses) Exceeds the cost of providing the service: As an individual who under my allotment of water under the current fee structure, this increase effect, punishing those who are more conservative with their water usage. Conservative use water resource should inure a benefit to those who are conscientious with the use of this precious resource. Improper use of fees: There is not a proper demonstration that the use of fees will be used for specific use. Page 159 of 312 Exhibit B To Resolution No. 2025-32 Responses to Written Objections 1. Hilly Objection (First Hilly Objection - 52) Procedural Requirements The First Hilly Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The First Hilly Objection states in Box #1, "I protest the proposed rate increase", in Box #2 that "There was no charge for water when I bought this house and The rates have already skyrocketed. This is excessive and unfair", and on the Additional Page that, "This is a protest letter!". The First Hilly Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) states generalized objections; (2) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted; and (3) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. District's Response The First Hilly Objection states a policy -based objection, i.e. — that rates should not be increased as proposed because the rates have already skyrocketed and that it is excessive and unfair and does not state any legal basis for objecting to the proposed rates. Because the First Hilly Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. Because the First Hilly Objection states, "I protest the proposed rate increase" and "This is a Protest letter!" it will be counted as a protest to the proposed rates. Conclusion and Reservation of Rights With respect to the First Hilly Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. Page 160 of 312 The District reserves all rights, claims, and defenses in the event of litigation with respect to the First Hilly Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the First Hilly Objection and used to defend against any action based on the First Hilly Objection. 2. Hilly Objection (Second Hilly Objection - 64) Procedural Requirements The Second Hilly Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Second Hilly Objection states in Box #1, "I protest the proposed rate increase", in Box #2 that "we started in prosser/truckee w/no water charge and the proposed 5 year hike is unsupportable for my income", and on the Additional Page that, "This is a protest letter!". The Second Hilly Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) states generalized objections; (2) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted; and (3) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. District's Response The Second Hilly Objection states a policy -based objection, i.e. — that rates should not be increased as proposed because the proposed rates are unsupportable for the objector's income and does not state any legal basis for objecting to the proposed rates. Because the Second Hilly Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. Because the Second Hilly Objection states, "I protest the proposed rate increase" and "This is a Protest letter!" it will be counted as a protest to the proposed rates. Conclusion and Reservation of Rights With respect to the Second Hilly Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. 2 Page 161 of 312 District reserves all rights, claims, and defenses in the event of litigation with respect to the Second Hilly Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Second Hilly Objection and used to defend against any action based on the Second Hilly Objection. 3. Moyer Objection Procedural Requirements The Moyer Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Moyer Objection states in Box #1, "A rate increase for Seniors on Social Security is unsustainable with limited income.", in Box #2 that "Seniors will be forced to choose between utilities and basic necessities, ie. food healthcare etc.", and on the Additional Page, " Just one more reason Truckee is not a place to retire. I plan to move." The Moyer Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) states generalized objections; (2) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted; and (3) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. District's Response The Moyer Objection states a policy -based objection, i.e. — that rates should not be increased as proposed because the rate increase is not sustainable for seniors on Social Security with a limited income and that seniors will be forced to choose between utilities and basic necessities. Because the Moyer Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. Conclusion and Reservation of Rights With respect to the Moyer Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Moyer Objection. Any and all of the District's responses to the other Objections set forth 3 Page 162 of 312 in this Exhibit B may also be applicable to the Moyer Objection and used to defend against any action based on the Moyer Objection. 4. Krampert Objection Procedural Requirements The Krampert Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Krampert Hilly Objection states in Box #'s 1, 2, and 3, "Documents enclosed". The documents enclosed with the Objection include, (1) Three (3) Share Certificates of the Glenshire Mutual Water Company, one was signed in 1996 and two were signed in 1997; (2) a 1996/1997 Rate Schedule; (3) a 1997/1998 Rate Schedule; and (4) a two -page letter to the objector from the Glenshire Mutual Water Company. The Krampert Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) does not present the exact issue(s) that the objector intends to pursue in a judicial action or proceeding; (3) is incomplete; (2) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted; and (4) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. District's Response The Krampert Objection does not state any objection or provide any legal basis for the objection; it only provides documents that do not pertain to the proposed rates and is incomplete. Because the Krampert Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. Conclusion and Reservation of Rights With respect to the Krampert Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Krampert Objection. Any and all of the District's responses to the other Objections set 2 Page 163 of 312 forth in this Exhibit B may also be applicable to the Krampert Objection and used to defend against any action based on the Krampert Objection. 5. Crump Objection Procedural Requirements The Crump Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Crump Objection generally describes the provisions of law that form the basis for the Objection as including: (1) California Constitution, Article XIII D, $6(a)(1)-(3); (2) Revenues may not exceed service costs and must be proportional. Government Code S53756: Prohibits automatic or ongoing rate adjustments not tied to cost -of -service. (4) Relevant case law stated in the Objection: Howard Jarvis Taxpayers Assn. v. City of Fresno (2005), Capistrano Taxpayers Assn. v. City of San Juan Capistrano (2015), Bighorn -Desert View Water Agency V. Verjil (2005). The Crump Objection describes how the proposed rates violate the law cited above with respect to the Frick property as follows: Our property is a single-family home with moderate water consumption and conservation measures. Despite this, the proposed 6.5% annual increase would raise our bill significantly. The District has not provided a detailed cost -of -service analysis demonstrating that the cost to supply, treat, and deliver water has increased proportionally. Some proposed revenue appears to fund capital projects or administrative costs unrelated to our service, and the automatic escalator violates Government Code S53756. District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses, to provide water service. There are no costs included that do not provide a benefit to water service. Both operating and capital costs are incurred to maintain the system and provide water service. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to 5 Page 164 of 312 provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the rate study. 6. A public hearing is scheduled for November 19, 2025 as required. 7. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. 8. Howard Jarvis Taxpayers Assn. v. City of Fresno (2005) is not violated because there is no unlawful transfer of funds, the rates include administrative costs required to provide water service and no other costs and water rates are otherwise compliant with Proposition 218. 9. Capistrano Taxpayers Assn. v. City of San Juan Capistrano (2015) is not violated because the District calculated the cost of water service for tiered consumption. 10. Bighorn -Desert View Water Agency v. Verjil (2005) is not violated because the District understands that its water service is a property -related service as defined Proposition 218 and the proposed new water rates are being adopted in accordance with the procedural and substantive requirements of Proposition 218. Conclusion and Reservation of Rights With respect to the Crump Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Crump Objection. Any and all of the District's responses to the other Objections set forth Page 165 of 312 in this Exhibit B may also be applicable to the Crump Objection and used to defend against any action based on the Crump Objection. 6. Henry Objection Procedural Requirements The Henry Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Henry Objection generally describes the provisions of law that form the basis for the Objection as including: Article XIII D § 6(b)(3) because " The inclusion of "General Manager," "Administrative Services," and "Board of Directors" operating costs in the water rate base (as shown in the draft rate study) suggests that rate revenue is being used for non -water -related overhead, contrary to constitutional limits. Failure to comply with procedural transparency under Prop 218 The mailed notice and online materials omit key analytical tables (capital reserve balances, depreciation schedules, and comparative cost -per -gallon metrics) necessary for meaningful public review. Prop 218 mandates that "the agency shall provide written notice containing sufficient information to identify the amount, basis, and reason for the fee." TDPUD's notice provides only aggregated percentage increases." The Henry Objection describes how the proposed rates violate the law cited above with respect to the Henry property as follows: "Unlawful compounding and pre -authorization of future rates "The Board seeks to approve five years of rate increases in one vote, binding future ratepayers and Boards without annual public recalculation of cost of service, violating Prop 218's requirement that each rate adjustment be independently justified. Disproportionate fixed charge component The Base Charge represents the "vast majority" of all residential bills (TDPUD's own mailer confirms this). A high fixed charge, unrelated to actual water use, penalizes conservation and may be inconsistent with State Water Board efficiency policies and Prop 218's proportionality clause." District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 7 Page 166 of 312 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 6. The cost of service analysis provides the basis for the fixed charge and tiered consumption charges for the proposed water rates, and specifically the average unit costs. The development of the average unit costs, and proposed rates, reflects industry standard cost of service principles based on the District's specific costs and customer characteristics to meet the proportionality requirements of Proposition 218. 7. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 8. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 9. There are no violations of the United States Constitution or California Constitution based on the cost of service completed to provide proportional rates by class of service and all customers in the same rate classification and at similar elevations are treated the same. Customers in high elevations pay more because it costs more to provide water service to them because of the specific pumping costs associated with pumping water to their elevation that are incurred to serve those customers. 10. Notice of the proposed new rates sent more than 45 days prior to the public hearing as required by Proposition 218. 11. All customers in the same rate classification and at similar elevations are treated the same. As noted in the cost of service analysis, and the specific costs incurred by the District to provide service, customers in high elevations pay more because it costs Page 167 of 312 more to provide water service to them because of the pumping costs associated with pumping water to their elevation. Accordingly, there is no violation of equal protection principles. 12. A public hearing is scheduled for November 19, 2025 as required. 13. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. 14. The holding in Moore v. City of Lemon Grove (2015) 237 Ca1.App.4th 363 is not violated because all revenue from the proposed rates for administrative costs are related to water service and are well documented in the 2025 Water Rate Study. 15. The holding in Howard Jarvis Taxpayers Assn. v. City of Fresno (2005) 127 Cal.App.4th 914 is not violated because there is no unlawful transfer of funds, the rates include administrative costs required to provide water service and no other costs and water rates are otherwise compliant with Proposition 218. 16. The holding in Griffith v. Pajaro Valley Water Management Agency (2014) 220 Cal.App.4th 586 is not violated because the Districts rates and charges may fund efforts to identify and design future projects, identifying and funding futures needs of the District is part of the present-day services, and costs of planning for such future needs may be recovered from charges imposed in current users. Conclusion and Reservation of Rights With respect to the Henry, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Henry Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Henry Objection and used to defend against any action based on the Henry Objection. 7. Reid Objection Procedural Requirements Page 168 of 312 The Reid Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Reid Objection states in Box # 1 that "The basis of my objection is that you're attempting to set rate increases for 5 years. You don't know what future economic, financial, + revenue conditions will be in 5 years out so how can you claim to know how much the increases should be?? You [cant]", and in Box #2 "I OBJECT. I shouldn't have to be in law school to object." The Reid Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) is incomplete; (2) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted; and (3) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. District's Response The Reid Objection states policy -based objections and does not provide any legal basis for the objection, is incomplete, does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted, and does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. Because the Reid Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. The District responds further as follows: 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 10 Page 169 of 312 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 6. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 7. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 8. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. Conclusion and Reservation of Rights With respect to the Reid Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Reid Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Reid Objection and used to defend against any action based on the Reid Objection. 8. Coombs Objection Procedural Requirements The Coombs Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. 11 Page 170 of 312 Substantive Requirements The Coombs Objection generally describes the provisions of law that form the basis for the Objection as including: Prop 218 requires voter approval for new or increased property - related fees, including water rates. It mandates that water rate structures be based on the cost of providing service and cannot be unjustified or inflated. The Coombs Objection describes how the proposed rates violate the law cited above with respect to the Coombs property as follows: My property is at the bottom of TD and in Zone 2. My water use fluctuates monthly based on my use. In the winter months it is almost nil. I am already being charged a pump charge, base rate and commodity charge. The proposed annual increases do not reflect the true cost of providing service. District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the rate study specifically outlines the costs, both operating and capital expenses to provide water service. 3. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates. 4. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefitting customers. 5. The cost of service analysis provides the basis for the fixed charge and tiered consumption charges for the proposed water rates, and specifically the average unit costs. The development of the average unit costs, and proposed rates, reflects industry standard cost of service principles based on the District's specific costs and customer characteristics to meet the proportionality requirements of Proposition 218. 6. Proposition 218 requires a protest vote to implement water rates. If there is not a majority protest received prior to the close of the public hearing on November 13, 2025, the District Board may adopt the proposed rates as outlined in the customer notification. 7. Proposition 218 does not require voter approval for new or increased property related fees, including water rates. Proposition 218 has a majority protest procedure for water rates. The District can't adopt the proposed new rates if a majority of the property owners or customers protest the proposed new rates. The proposed new 12 Page 171 of 312 rates are based on the cost of service as demonstrated in the comprehensive 2025 Water Rate Study. 8. The proposed new rates are based on the cost of service as demonstrated in the comprehensive 2025 Water Rate Study. Conclusion and Reservation of Rights With respect to the Coombs Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Coombs Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Coombs Objection and used to defend against any action based on the Coombs Objection. 9. Tattersall Objection Procedural Requirements The Tattersall Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Tattersall Objection states in Box # 1 that "No basis has been described for why the rates should be increased so much. We have received no detailed information supporting the rate increase.", and in Box #2 "The higher rates to be applied to part time residents is a clear case of discrimination. Part time residents will pay the same base fee as full time residents. There is no basis for charging a higher just because you are a part time resident." The Tattersall Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) is incomplete; (2) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted; and (3) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. District's Response 13 Page 172 of 312 The Tattersall Objection does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted, and does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. Because the Tattersall Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. The District responds further as follows: 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 6. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 7. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 8. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any 14 Page 173 of 312 inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. Conclusion and Reservation of Rights With respect to the Tattersall Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Tattersall Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Tattersall Objection and used to defend against any action based on the Tattersall Objection. 10. Ridless Objection Procedural Reauirements The Ridless Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Ridless Objection does not state an objection or provide any information. Box #'s 1, 2, and, 3, and the Additional Page are empty. The Ridless Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) does not present the exact issue(s) that the objector intends to pursue in a judicial action or proceeding; (2) is incomplete; (3) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted; and (4) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. District's Response The Ridless Objection does not state any objection or provide any legal basis for the objection, is incomplete, does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted, and does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the 15 Page 174 of 312 provisions of law the objector cited. Because the Ridless Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. Conclusion and Reservation of Rights With respect to the Ridless Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Ridless Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Ridless Objection and used to defend against any action based on the Ridless Objection. 11. Frick Objection Procedural Requirements The Frick Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Frick Objection generally describes the provisions of law that form the basis for the Objection as including: (1) proposed rated likely violate Proposition 218 because they exceed the proportional service costs or generate excess revenue; (2) there is a lack of financial data that raises concerns under Gov. Code §66013, which requires capital charges to reflect actual costs, and under PUC §§12811, 12823, mandating fair, reasonable, non-discriminatory rates; (3) the proposed rates may further violate Art. X, §2 of the CA Constitution by discouraging beneficial water use through excessive pricing; (4) the proposed rates raise equal protection issues under federal and state Constitutions due to their disproportionate impact on certain geographic/elevation-based customer groups without sufficient justification; and (5) the notice lacked the clarity and specificity needed for meaningful public participation, potentially violating Prop 218 and the CA Public Records Act. The Frick Objection generally describes how the proposed rates violate the law cited above with respect to the Frick property as follows: (1) As a resident in Pump Zone 4, my property is subject to even higher water charges in the district; (2) No clear cost -of -service data or justification was provided for these disproportionate rate hikes, which far exceed inflation and extend years into the future without basis (3) This lack of transparency violates Art. XIII D, §6(b)(Prop 218), requiring fees to match proportional service costs, and PUC §§12811,12823, 16 Page 175 of 312 mandating fair, reasonable rates; (4) Base rates for all zones have already risen sharply in recent years, and proposed multi -year increases continue this excessive trend; and (5) Absent clear evidence linking hikes to actual service costs, they appear to violate Prop 218, Gov. Code §66013,and equal protection principles by imposing unjustified burdens, especially on higher - elevation customers. District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 6. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 7. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. 8. Government Code Section 66013 applies to mitigation fees and not to rates; it does not apply to this proposed rate increase. 17 Page 176 of 312 9. Public Utility Code Sections 12811 and 12823 apply to municipal utility districts and not to public utility districts; they do not apply to the District or this proposed rate increase. 10. There are no violations of the United States Constitution or California Constitution based on the cost of service completed to provide proportional rates by class of service and all customers in the same rate classification and at similar elevations are treated the same. Customers in high elevations pay more because it costs more to provide water service to them because of the specific pumping costs associated with pumping water to their elevation that are incurred to serve those customers. 11. Notice of the proposed new rates sent more than 45 days prior to the public hearing as required by Proposition 218. 12. All customers in the same rate classification and at similar elevations are treated the same. As noted in the cost of service analysis, and the specific costs incurred by the District to provide service, customers in high elevations pay more because it costs more to provide water service to them because of the pumping costs associated with pumping water to their elevation. Accordingly, there is no violation of equal protection principles. Conclusion and Reservation of Rights With respect to the Frick Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Frick Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Fick Objection and used to defend against any action based on the Frick Objection. 12. Scara Objection Procedural Requirements The Scara Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements Page 177 of 312 The Scara Objection states in Box # 1 that rates should not be increased as proposed because they will place a considerable financial burden on all households regardless of their actual water usage, and in Box #2 that the proposed rates should be revised to avoid penalizing households with lower consumption, such as those using their property as a vacation home or those who actively conserve water and the current policy discourages conservations and disproportionately impacts those who use less water, which may raise questions regarding fairness and legality. The Scara Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) does not present the exact issue(s) that the objector intends to pursue in a judicial action or proceeding; (2) is incomplete; (3) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted; and (4) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. District's Response The Scara Objection states policy -based objections and does not provide any legal basis for the objection, is incomplete, does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted, and does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. Because the Scara Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. Conclusion and Reservation of Rights With respect to the Scara Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Scara Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Scara Objection and used to defend against any action based on the Scara Objection. 13. Conway Objection Procedural Requirements 19 Page 178 of 312 The Conway Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Conway Objection generally describes the provisions of law that form the basis for the Objection as including: "Article XIII D Section 6 of the California Constitution (Proposition 218) which requires that property -related charges such as water rates: Not exceed the funds required to provide the service (Section 6(b)(1)); Be used only for the cost of providing the service (Section 6(b)(2)); Be proportional to the cost of service attributable to each parcel (Section 6(b)(3)); and Not impose fees for services not directly received by the parcel (Section 6(b)(5)). The proposed rate increases, including elevation -based "pump zone" surcharges, appear to violate these constitutional provisions by shifting excessive and disproportionate costs onto certain customers without clear and transparent." The Conway Objection describes how the proposed rates violate the law cited above with respect to the Henry property as follows: "I reside in Pump Zone 4, which is subject to an additional $3.06 per 1,000 gallons surcharge on top of base and commodity water rates. This surcharge is scheduled to increase further under the proposed 2025-2030 rate plan. These elevation -based charges disproportionately impact my property and others in higher zones by imposing hundreds of dollars per year in additional costs unrelated to actual water usage or service quality. The compounding 7%-6.5% annual rate increases further amplify this inequity, resulting in total rate growth far above inflation and without sufficient demonstration that these revenues are necessary to provide service to my property. Therefore, the proposed rates are not proportional to the cost of service, exceed the reasonable cost to serve" District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 20 Page 179 of 312 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 6. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 7. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 8. There are no violations of the United States Constitution or California Constitution based on the cost of service completed to provide proportional rates by class of service and all customers in the same rate classification and at similar elevations are treated the same. Customers in high elevations pay more because it costs more to provide water service to them because of the specific pumping costs associated with pumping water to their elevation that are incurred to serve those customers. 9. Notice of the proposed new rates sent more than 45 days prior to the public hearing as required by Proposition 218. 10. All customers in the same rate classification and at similar elevations are treated the same. As noted in the cost of service analysis, and the specific costs incurred by the District to provide service, customers in high elevations pay more because it costs more to provide water service to them because of the pumping costs associated with pumping water to their elevation. Accordingly, there is no violation of equal protection principles. 11. A public hearing is scheduled for November 19, 2025 as required. 12. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. 21 Page 180 of 312 13. The holding in Moore v. City of Lemon Grove (2015) 237 Cal.App.4th 363 is not violated because all revenue from the proposed rates for administrative costs are related to water service and are well documented in the 2025 Water Rate Study. 14. The holding in Howard Jarvis Taxpayers Assn. v. City of Fresno (2005) 127 Cal.App.4th 914 is not violated because there is no unlawful transfer of funds, the rates include administrative costs required to provide water service and no other costs and water rates are otherwise compliant with Proposition 218. 15. The holding in Griffith v. Pajaro Valley Water Management Agency (2014) 220 Ca1.App.4th 586 is not violated because the Districts rates and charges may fund efforts to identify and design future projects, identifying and funding futures needs of the District is part of the present-day services, and costs of planning for such future needs may be recovered from charges imposed in current users. Conclusion and Reservation of Rights With respect to the Conway Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Conway Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Conway Objection and used to defend against any action based on the Conway Objection. 14. Shellito Objection Procedural Requirements The Shellito Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Shellito Objection generally describes the provisions of law that form the basis for the Objection as including: (1) California Government Code § 53759.1 and Article XIII D, Sections 2 & 6 of the California Constitution, specifically Article XIII D § 6(b)(1) due to lack of proportionality and nexus to cost of service because the proposed 6.5% annual increase appears uniform across all customer classes and years without a demonstrated cost -of -service analysis per class or zone and failure to demonstrate actual financial necessity; (2) Article XIII D § 6(b)(3) due to 22 Page 181 of 312 use of fees for general government purposes because the inclusion of "General Manager," "Administrative Services," and "Board of Directors" operating costs in the water rate base suggests that rate revenue is being used for non -water -related overhead, contrary to constitutional limits; (3) failure to comply with procedural transparency under Prop 218 because the mailed notice and online materials omit key analytical tables (capital reserve balances, depreciation schedules, and comparative cost -per -gallon metrics) necessary for meaningful public review; (4) Prop 218 § 6(b)(5) due to excessive reserve funding, citing Griffith v. Pajaro Valley Water Management Agency (2014) 220 Ca1.App.4th 586, and failure to re-evaluate after material assumptions change; and (5) Proposition 218 Omnibus Implementation Act [53750 - 53758] due to unlawful compounding and pre - authorization of future rates. The Shellito Objection generally describes with reference to the Shellito property and usage of water, how the proposed rates violate the provisions of law cited above as follows: "Disproportionate fixed charge component The Base Charge represents the "vast Majority" of all residential bills (TDPUD's own mailer confirms this). A high fixed charge, unrelated to actual water use, penalizes conservation and may be inconsistent with State Water Board efficiency policies and Prop 218's proportionality clause." District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 23 Page 182 of 312 6. The cost of service analysis provides the basis for the fixed charge and tiered consumption charges for the proposed water rates, and specifically the average unit costs. The development of the average unit costs, and proposed rates, reflects industry standard cost of service principles based on the District's specific costs and customer characteristics to meet the proportionality requirements of Proposition 218. 7. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 8. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 9. There are no violations of the United States Constitution or California Constitution based on the cost of service completed to provide proportional rates by class of service and all customers in the same rate classification and at similar elevations are treated the same. Customers in high elevations pay more because it costs more to provide water service to them because of the specific pumping costs associated with pumping water to their elevation that are incurred to serve those customers. 10. Notice of the proposed new rates sent more than 45 days prior to the public hearing as required by Proposition 218. 11. All customers in the same rate classification and at similar elevations are treated the same. As noted in the cost of service analysis, and the specific costs incurred by the District to provide service, customers in high elevations pay more because it costs more to provide water service to them because of the pumping costs associated with pumping water to their elevation. Accordingly, there is no violation of equal protection principles. 12. A public hearing is scheduled for November 19, 2025 as required. 13. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. 14. The holding in Moore v. City of Lemon Grove (2015) 237 Cal.App.4th 363 is not violated because all revenue from the proposed rates for administrative costs are related to water service and are well documented in the 2025 Water Rate Study. 15. The holding in Howard Jarvis Taxpayers Assn. v. City of Fresno (2005) 127 Cal.App.4th 914 is not violated because there is no unlawful transfer of funds, the 24 Page 183 of 312 rates include administrative costs required to provide water service and no other costs and water rates are otherwise compliant with Proposition 218. 16. The holding in Griffith v. Pajaro Valley Water Management Agency (2014) 220 Cal.App.4th 586 is not violated because the Districts rates and charges may fund efforts to identify and design future projects, identifying and funding futures needs of the District is part of the present-day services, and costs of planning for such future needs may be recovered from charges imposed in current users. Conclusion and Reservation of Rights With respect to the Shellito Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Shellito Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Shellito Objection and used to defend against any action based on the Shellito Objection. 15. Horn Objection Procedural Requirements The Horn Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Horn Objection generally describes the provisions of law that form the basis for the Objection as including Article XIII D Section 6 of the California Constitution and Government Code § 53759.1 because "The proposed 2026-2030 water rate increases violate Article XIII D, Section 6(b)(1) of the California Constitution because the rates are not proportional to the actual cost of service for each parcel or customer class. The proposed increases also violate Article XIII D, Section 6(b)(3) because system revenues are being allocated toward administrative and overhead uses not directly tied to water service delivery. Additionally, the District is attempting to pre -authorize multi -year compounded rate increases without recalculating cost -of -service annually, which is inconsistent with Proposition 218 procedural and transparency requirements and Government Code § 53759.1." 25 Page 184 of 312 The Horn Objection describes how the proposed rates violate the law cited above with respect to the Horn property as follows: "The majority of my bill is determined by the fixed Base Charge, which does not reflect my actual water usage. This causes me to pay more than the proportional cost of service required to serve my parcel. Because the rate structure relies heavily on fixed charges rather than usage -based costs, I am financially penalized despite conserving water. This violates the requirement that fees not exceed the proportional cost of service for my parcel. The uniform annual increases also do not reflect my property's specific demand level, elevation zone costs, or meter capacity, and therefore lack the constitutionally required cost -of -service nexus." District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 6. The cost of service analysis provides the basis for the fixed charge and tiered consumption charges for the proposed water rates, and specifically the average unit costs. The development of the average unit costs, and proposed rates, reflects industry standard cost of service principles based on the District's specific costs and customer characteristics to meet the proportionality requirements of Proposition 218. 26 Page 185 of 312 7. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 8. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 9. There are no violations of the United States Constitution or California Constitution based on the cost of service completed to provide proportional rates by class of service and all customers in the same rate classification and at similar elevations are treated the same. Customers in high elevations pay more because it costs more to provide water service to them because of the specific pumping costs associated with pumping water to their elevation that are incurred to serve those customers. 10. Notice of the proposed new rates sent more than 45 days prior to the public hearing as required by Proposition 218. 11. All customers in the same rate classification and at similar elevations are treated the same. As noted in the cost of service analysis, and the specific costs incurred by the District to provide service, customers in high elevations pay more because it costs more to provide water service to them because of the pumping costs associated with pumping water to their elevation. Accordingly, there is no violation of equal protection principles. 12. A public hearing is scheduled for November 19, 2025 as required. 13. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. 14. The holding in Moore v. City of Lemon Grove (2015) 237 Ca1.App.4th 363 is not violated because all revenue from the proposed rates for administrative costs are related to water service and are well documented in the 2025 Water Rate Study. 15. The holding in Howard Jarvis Taxpayers Assn. v. City of Fresno (2005) 127 Cal.App.4th 914 is not violated because there is no unlawful transfer of funds, the rates include administrative costs required to provide water service and no other costs and water rates are otherwise compliant with Proposition 218. 16. The holding in Griffith v. Pajaro Valley Water Management Agency (2014) 220 Cal.App.4th 586 is not violated because the Districts rates and charges may fund efforts to identify and design future projects, identifying and funding futures needs of the District is 27 Page 186 of 312 part of the present-day services, and costs of planning for such future needs may be recovered from charges imposed in current users. 17. Government Code § 53759.1 sets forth the requirements to exhaust administrative remedies and not procedural or transparency requirements for the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years. Conclusion and Reservation of Rights With respect to the Horn Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Horn Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Horn Objection and used to defend against any action based on the Horn Objection. 16. Oliver Objection Procedural Requirements The Oliver Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Oliver Objection states in Box # 1 that the proposed rates "will place an undue financial burden on residents in Truckee particularly those on fixed or moderate incomes", and in Box #2 "that because property values and assessments in our area have already been rising substantially, further increases in rates will magnify housing cost pressures. Many homeowners and renters are already stretched. A rate hike may lead to increased pushback or public dissatisfaction and could reduce trust in local governance if residents feel sudden increases are not justified". The Oliver Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) does not present the exact issue(s) that the objector intends to pursue in a judicial action or proceeding; (2) is incomplete; (3) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted; and (4) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. Page 187 of 312 District's Response The Oliver Objection states policy -based objections and does not provide any legal basis for the objection, is incomplete, does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted, and does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. Because the Oliver Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. Conclusion and Reservation of Rights With respect to the Oliver Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Oliver Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Oliver Objection and used to defend against any action based on the Oliver Objection. 17. Sanchez Objection Procedural Requirements The Sanchez Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies. The Sanchez Objection was not submitted using the District's Proposition 218 Written Objection Form. The Sanchez states at the very top of the first page, "Protest — For inclusion in public count under Prop 218". It does not state that it is an objection. However, it later addresses the legal objection and grounds for challenge and requested remedies, similar to eh information requested on the District's Objection Form. Substantive Requirements The Sanchez Objection generally describes the provisions of law that form the basis for the Objection as including: (1) California Government Code § 53759.1 and Article XIII D, Sections 2 & 6 of the California Constitution, specifically Article XIII D § 6(b)(1) due to lack of proportionality and nexus to cost of service because the proposed 6.5% annual increase appears uniform across all customer classes and years without a demonstrated cost -of -service analysis per class or zone and failure to demonstrate actual financial necessity; (2) Article XIII D § 6(b)(3) due to 29 Page 188 of 312 use of fees for general government purposes because the inclusion of "General Manager," "Administrative Services," and "Board of Directors" operating costs in the water rate base suggests that rate revenue is being used for non -water -related overhead, contrary to constitutional limits; (3) failure to comply with procedural transparency under Prop 218 because the mailed notice and online materials omit key analytical tables (capital reserve balances, depreciation schedules, and comparative cost -per -gallon metrics) necessary for meaningful public review; (4) Prop 218 § 6(b)(5) due to excessive reserve funding, citing Griffith v. Pajaro Valley Water Management Agency (2014) 220 Ca1.App.4th 586, and failure to re-evaluate after material assumptions change; and (5) Proposition 218 Omnibus Implementation Act [53750 - 53758] due to unlawful compounding and pre - authorization of future rates. The Sanchez Objection does not describe how the proposed rates violate the law cited above with respect to the Sanchez property. District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 6. The cost of service analysis provides the basis for the fixed charge and tiered consumption charges for the proposed water rates, and specifically the average unit costs. The development of the average unit costs, and proposed rates, reflects industry 30 Page 189 of 312 standard cost of service principles based on the District's specific costs and customer characteristics to meet the proportionality requirements of Proposition 218. 7. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 8. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 9. There are no violations of the United States Constitution or California Constitution based on the cost of service completed to provide proportional rates by class of service and all customers in the same rate classification and at similar elevations are treated the same. Customers in high elevations pay more because it costs more to provide water service to them because of the specific pumping costs associated with pumping water to their elevation that are incurred to serve those customers. 10. Notice of the proposed new rates sent more than 45 days prior to the public hearing as required by Proposition 218. 11. All customers in the same rate classification and at similar elevations are treated the same. As noted in the cost of service analysis, and the specific costs incurred by the District to provide service, customers in high elevations pay more because it costs more to provide water service to them because of the pumping costs associated with pumping water to their elevation. Accordingly, there is no violation of equal protection principles. 12. A public hearing is scheduled for November 19, 2025 as required. 13. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. 14. The holding in Moore v. City of Lemon Grove (2015) 237 Ca1.App.4th 363 is not violated because all revenue from the proposed rates for administrative costs are related to water service and are well documented in the 2025 Water Rate Study. 15. The holding in Howard Jarvis Taxpayers Assn. v. City of Fresno (2005) 127 Cal.App.4th 914 is not violated because there is no unlawful transfer of funds, the rates include administrative costs required to provide water service and no other costs and water rates are otherwise compliant with Proposition 218. 31 Page 190 of 312 16. The holding in Griffith v. Pajaro Valley Water Management Agency (2014) 220 Cal.App.4th 586 is not violated because the Districts rates and charges may fund efforts to identify and design future projects, identifying and funding futures needs of the District is part of the present-day services, and costs of planning for such future needs may be recovered from charges imposed in current users. The Sanchez Objection does not comply with the District's procedural requirements for properly submitting a written objection because it: (1)it does not state that it is an objection. The Sanchez Objection does not comply with the District's substantive requirements for properly submitting a written objection because it does not describe, with reference to the Sanchez property and usage of water, how the proposed rates violate the provisions of law cited. Conclusion and Reservation of Rights With respect to the Sanchez Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Sanchez Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Sanchez Objection and used to defend against any action based on the Sanchez Objection. 18. Delatorre Objection Procedural Requirements The Delatorre Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Delatorre Objection states in Box # 1 that, "The rate increase is based on ONE opinion or analysis. TDPUD needs to do own study", and in Box #2, "My home is 45 years old and your asking me to fund new homes. There needs to have a GRANDFATHER clause." The Delatorre Objection does not comply with the District's substantive requirements for properly submitting a written objection because it: (1) does not present the exact issue(s) that the objector intends to pursue in a judicial action or proceeding; (2) is incomplete; (3) does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed 32 Page 191 of 312 rates are adopted; and (4) does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. District's Response The Delatorre Objection states policy -based objections and does not provide any legal basis for the objection, is incomplete, does not describe the provision(s) of law that form the basis of the objection, with specific reference to statutes, rules, constitutional provisions, regulations, and/or cases that are alleged to be violated if the proposed rates are adopted, and does not describe, with reference to the objector's property and usage of water, how the proposed rates violate the provisions of law the objector cited. Because the Delatorre Objection is noncompliant it does not satisfy the exhaustion of administrative remedies. The District responds further as follows: 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 6. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 33 Page 192 of 312 7. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 8. There are no violations of the United States Constitution or California Constitution based on the cost of service completed to provide proportional rates by class of service and all customers in the same rate classification and at similar elevations are treated the same. Customers in high elevations pay more because it costs more to provide water service to them because of the specific pumping costs associated with pumping water to their elevation that are incurred to serve those customers. 9. Notice of the proposed new rates sent more than 45 days prior to the public hearing as required by Proposition 218. 10. All customers in the same rate classification and at similar elevations are treated the same. As noted in the cost of service analysis, and the specific costs incurred by the District to provide service, customers in high elevations pay more because it costs more to provide water service to them because of the pumping costs associated with pumping water to their elevation. Accordingly, there is no violation of equal protection principles. 11. A public hearing is scheduled for November 19, 2025 as required. 12. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. Conclusion and Reservation of Rights With respect to the Delatorre Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Delatorre Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Delatorre Objection and used to defend against any action based on the Delatorre Objection. 19. Wilson Objection 34 Page 193 of 312 Procedural Requirements The Wilson Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The Wilson Objection states in Box # 1 that the provisions of law that form the basis of the objection are, "Article XIIII D, of the California Constitution and progeny of caselaw, CA. Constitution Article XIIII D, section 6". The Wilson Objection states in Box #2, "Proportionality: proposed assessment is the same as that for larger homes, despite a clear difference in property size and presumed benefit. This is a violation of the proportionality requirement, as the increase in fees exceeds the proportional share of the actual special benefit received. The burden of proof is on the town to demonstrate its proposed tiered water fees are proportional to the cost of service attributable to each customer's parcel. General v. Special Benefits: fails to separate and quantify the general and special benefits received to each parcel. Assessments can only be imposed for a special benefit conferred directly upon a specific parcel of property, not general governmental services that benefit the public at large. Exceeds the cost of providing the service: As an individual who often is far under my allotment of water under the current fee structure, this increase is, in effect, punishing those who are more conservative with their water usage. Conservative use of a water resource should inure abenefit to those who are conscientious with the use of this precious resource. Improper use of fees: There isnot aproper demonstration that the use of fees will be used for specific use." The Wilson Objection states in Box# 3, "TDPUD needs to comply with Prop 218, and connect water usage and the services required to the increase in fees. TDPUD must comply with substantive and procedural requirements justifying their cost and need to local property owners and taxpayers. Truckee must demonstrate that the increase in the tiered rates are based on the actual cost of providing water at different usage levels. Patz v. City of S.D. There is likewise no demonstrable link to encouraging conservation." District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water 35 Page 194 of 312 service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 6. The cost of service analysis provides the basis for the fixed charge and tiered consumption charges for the proposed water rates, and specifically the average unit costs. The development of the average unit costs, and proposed rates, reflects industry standard cost of service principles based on the District's specific costs and customer characteristics to meet the proportionality requirements of Proposition 218. 7. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 8. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 9. There are no violations of the United States Constitution or California Constitution based on the cost of service completed to provide proportional rates by class of service and all customers in the same rate classification and at similar elevations are treated the same. Customers in high elevations pay more because it costs more to provide water service to them because of the specific pumping costs associated with pumping water to their elevation that are incurred to serve those customers. 10. Notice of the proposed new rates sent more than 45 days prior to the public hearing as required by Proposition 218. 36 Page 195 of 312 11. All customers in the same rate classification and at similar elevations are treated the same. As noted in the cost of service analysis, and the specific costs incurred by the District to provide service, customers in high elevations pay more because it costs more to provide water service to them because of the pumping costs associated with pumping water to their elevation. Accordingly, there is no violation of equal protection principles. 12. A public hearing is scheduled for November 19, 2025 as required. 13. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. 14. The holding in Moore v. City of Lemon Grove (2015) 237 Cal.App.4th 363 is not violated because all revenue from the proposed rates for administrative costs are related to water service and are well documented in the 2025 Water Rate Study. 15. The holding in Howard Jarvis Taxpayers Assn. v. City of Fresno (2005) 127 Cal.App.4th 914 is not violated because there is no unlawful transfer of funds, the rates include administrative costs required to provide water service and no other costs and water rates are otherwise compliant with Proposition 218. 16. The holding in Griffith v. Pajaro Valley Water Management Agency (2014) 220 Cal.App.4th 586 is not violated because the Districts rates and charges may fund efforts to identify and design future projects, identifying and funding futures needs of the District is part of the present-day services, and costs of planning for such future needs may be recovered from charges imposed in current users. 17. The holding in Patz v. City of San Diego 113 Cal.App.5th 225 (2025) is not violated because the District has demonstrated that the proposed rates bare a reasonable relationship to the proportional cost of service attributable to the parcel and specifically that the rates were not designed primarily to encourage water conservation rather than to reflect actual costs of service and the tiered structure is applied to all residential customers. 18. The Objection sates that that the law that forms the basis of the objection is, "Article XIIII section 6 of the California Constitution". There is no "Article XIIII section 6. Article XIV of the California Constitution pertains to labor relations and has nothing to do with the District's proposed water rates. If the reference to "Article XIIII D. section 6" is a typographical error and the reference was intended to be to "Article XIII D, section 6 of the California Constitution", then the District is complying with Article XIII D, section 6 of the California Constitution which pertains to property related fees and the District's proposed water rates as set forth above. 37 Page 196 of 312 19. The District is proposing to increase water rates pursuant to Article XIIII D, Section 6 of the California Constitution. The District to not proposing to adopt or increase any assessment pursuant to Article XIIII D Sections 4 and 5 of the California Constitution and the provisions of Sections 4 and 5 do not have anything whatsoever to do with the District's proposed water rates. There is no requirement under Article XIII D, Section 6 of the California Constitution for the District to separate and/or quantify the general and special benefits received to or by each parcel or that rates for water service must only be imposed or increased for a special benefit conferred directly upon a specific parcel of property and not for general governmental services that benefit the public at large. Conclusion and Reservation of Rights With respect to the Wilson Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. The District reserves all rights, claims, and defenses in the event of litigation with respect to the Wilson Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the Wilson Objection and used to defend against any action based on the Wilson Objection. 20. McBride Objection Procedural Requirements The McBride Objection was timely received prior to the District's November 7, 2025, deadline to submit objections to exhaust administrative remedies and was submitted using the District's Proposition 218 written objection form. Substantive Requirements The McBride Objection states in Box # 1 that the provisions of law that form the basis of the objection are, "Article XIIII D, of the California Constitution and progeny of caselaw, CA. Constitution Article XIIII D, section 6". The McBride Objection states in Box #2, "Proportionality: proposed assessment is the same as that for larger homes, despite a clear difference in property size and presumed benefit. This is a violation of the proportionality requirement, as the increase in fees exceeds the proportional share of the actual special benefit received. The burden of proof is on the town to demonstrate its proposed tiered water fees are proportional to the cost of service attributable to each customer's parcel. Page 197 of 312 General v. Special Benefits: fails to separate and quantify the general and special benefits received to each parcel. Assessments can only be imposed for a special benefit conferred directly upon a specific parcel of property, not general governmental services that benefit the public at large. Exceeds the cost of providing the service: As an individual who often is far under my allotment of water under the current fee structure, this increase is, in effect, punishing those who are more conservative with their water usage. Conservative use of a water resource should inure abenefit to those who are conscientious with the use of this precious resource. Improper use of fees: There isnot aproper demonstration that the use of fees will be used for specific use." The McBride Objection states in Box# 3, "TDPUD needs to comply with Prop 218, and connect water usage and the services required to the increase in fees. TDPUD must comply with substantive and procedural requirements justifying their cost and need to local property owners and taxpayers. Truckee must demonstrate that the increase in the tiered rates are based on the actual cost of providing water at different usage levels. Patz v. City of S.D. There is likewise no demonstrable link to encouraging conservation." District's Response 1. A comprehensive water rate study developed by HDR Engineering, Inc, 2025 Water Rate Study, was completed and the study, including a technical appendix with the rate study exhibits, is available on the District's website - www.tdpud.org. 2. The revenue requirement analysis completed as part of the 2025 Water Rate Study specifically outlines the costs, both operating and capital expenses to provide water service, and does not generate excess revenue. Further, the revenues are specifically identified and used to fund water service and are not used for other District purposes. 3. The cost of service analysis completed as part of the 2025 Water Rate Study specifically addresses the issue of proportionality for the District's water customers to meet the requirements of Proposition 218. In this case the customer classes are for residential customers, non-residential customers, and pump zone based on the cost to provide service and develop the proposed fixed and consumption charges for each class. 4. The cost of service analysis provided the basis for the fixed charge and tiered consumption charges for the proposed water rates for each customer class of service. The fixed charge is based on the capacity of each meter size to reflect the demands and impacts on the system. The proposed rates by tier are based on the costs to provide service at the identified tier sizes. 5. Pump zone charges are based on the cost of pumping water to each zone and reflect the additional costs for each pump zone as the water is pumped through and to the next pump zone to the benefiting customers. 39 Page 198 of 312 6. The cost of service analysis provides the basis for the fixed charge and tiered consumption charges for the proposed water rates, and specifically the average unit costs. The development of the average unit costs, and proposed rates, reflects industry standard cost of service principles based on the District's specific costs and customer characteristics to meet the proportionality requirements of Proposition 218. 7. The 2025 Water Rate Study outlines the cost basis for the proposed rates for each of the proposed five -years that reflect the funding of the District's water utility operating and capital costs over the specified time period. 8. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years as outlined in the 2025 Water Rate Study. 9. There are no violations of the United States Constitution or California Constitution based on the cost of service completed to provide proportional rates by class of service and all customers in the same rate classification and at similar elevations are treated the same. Customers in high elevations pay more because it costs more to provide water service to them because of the specific pumping costs associated with pumping water to their elevation that are incurred to serve those customers. 10. Notice of the proposed new rates sent more than 45 days prior to the public hearing as required by Proposition 218. 11. All customers in the same rate classification and at similar elevations are treated the same. As noted in the cost of service analysis, and the specific costs incurred by the District to provide service, customers in high elevations pay more because it costs more to provide water service to them because of the pumping costs associated with pumping water to their elevation. Accordingly, there is no violation of equal protection principles. 12. A public hearing is scheduled for November 19, 2025 as required. 13. Government Code Section 53756 authorizes the adoption of a schedule of fees with automatic adjustments for a period not to exceed five years provided that any inflation adjustment does not exceed the cost of providing the service. There is not an automatic escalator/inflator, the rate revenue adjustments in each year reflect the costs to provide water service in each of the proposed rate years. 14. The holding in Moore v. City of Lemon Grove (2015) 237 Cal.App.4th 363 is not violated because all revenue from the proposed rates for administrative costs are related to water service and are well documented in the 2025 Water Rate Study. 15. The holding in Howard Jarvis Taxpayers Assn. v. City of Fresno (2005) 127 Cal.App.4th 914 is not violated because there is no unlawful transfer of funds, the Page 199 of 312 rates include administrative costs required to provide water service and no other costs and water rates are otherwise compliant with Proposition 218. 16. The holding in Griffith v. Pajaro Valley Water Management Agency (2014) 220 Cal.App.4th 586 is not violated because the Districts rates and charges may fund efforts to identify and design future projects, identifying and funding futures needs of the District is part of the present-day services, and costs of planning for such future needs may be recovered from charges imposed in current users. 17. The holding in Patz v. City of San Diego 113 Cal.App.5th 225 (2025) is not violated because the District has demonstrated that the proposed rates bare a reasonable relationship to the proportional cost of service attributable to the parcel and specifically that the rates were not designed primarily to encourage water conservation rather than to reflect actual costs of service and the tiered structure is applied to all residential customers. 18. The Objection sates that that the law that forms the basis of the objection is, "Article XIIII section 6 of the California Constitution". There is no "Article XIIII section 6. Article XIV of the California Constitution pertains to labor relations and has nothing to do with the District's proposed water rates. If the reference to "Article XIIII D. section 6" is a typographical error and the reference was intended to be to "Article XIII D, section 6 of the California Constitution", then the District is complying with Article XIII D, section 6 of the California Constitution which pertains to property related fees and the District's proposed water rates as set forth above. 19. The District is proposing to increase water rates pursuant to Article XIIII D, Section 6 of the California Constitution. The District to not proposing to adopt or increase any assessment pursuant to Article XIIII D Sections 4 and 5 of the California Constitution and the provisions of Sections 4 and 5 do not have anything whatsoever to do with the District's proposed water rates. There is no requirement under Article XIII D, Section 6 of the California Constitution for the District to separate and/or quantify the general and special benefits received to or by each parcel or that rates for water service must only be imposed or increased for a special benefit conferred directly upon a specific parcel of property and not for general governmental services that benefit the public at large. Conclusion and Reservation of Rights With respect to the McBride Objection, in exercising its legislative discretion, the District's Board of Directors determines pursuant to subdivision (d) of Government Code section 53759.1: (1) the objection and the District's response thereto do not warrant a clarification of the proposed rates; (2) not to reduce the proposed rates based on the objection; (3) based on the objection no further review is necessary before making a determination on whether clarification or reduction is needed; and (4) to proceed with the protest hearing required under section 6 of Article XIII D of the California Constitution. 41 Page 200 of 312 The District reserves all rights, claims, and defenses in the event of litigation with respect to the McBride Objection. Any and all of the District's responses to the other Objections set forth in this Exhibit B may also be applicable to the McBride Objection and used to defend against any action based on the McBride Objection. 42 Page 201 of 312 4TRUCKEE DONNER Public Utility District Ordinance No. 2025 - 03 SETTING WATER UTILITY RATES FOR FY26, FY27, FY28, FY29 AND FY30 WHEREAS, the District retained HDR Engineering to conduct a water rate study; and WHEREAS, HDR Engineering completed the water rate study and recommended an option to fairly allocate the cost of service to the District's customers through increased rates; and WHEREAS, HDR Engineering completed the rate design; and WHEREAS, public workshops were held on August 20, 2025 and September 3, 2025 to receive comments and review the proposed water rate increases; and WHEREAS, a notice of a public hearing for the proposed water rate increases was publicly advertised on November 7th and November 14th, 2025; and WHEREAS, a public hearing was held on November 19, 2025 to receive public comments on the proposed electric rate increases; and NOW, THEREFORE, BE IT ENACTED, by the Board of Directors of the Truckee Donner Public Utility District as follows: Page 1 of 5 Page 202 of 312 Section 1. If no protest is made pursuant to Public Utilities Code Section 16078, then the terms of this ordinance shall be effective 30 days after adoption by the Board of Directors of the District. Effective December 19, 2025, the following monthly water rates shall be implemented with the first bills after January 1, 2026, as applicable. Metered Residential Water Rates — The domestic water rates for single family properties, individual condominium units and townhouse units equipped with a meter shall consist of three components, a base charge, a commodity charge and a pump zone charge. Metered Residential 2026 2027 2028 2029 2030 Base Charge $ $ $ $ Up to 3/4" $ 108.50 115.55 123.06 131.06 139.58 $ $ $ $ 1" $ 129.41 137.82 146.78 156.32 166.48 More than 1" charged as Commercial Consumption (per 1,000 gal) $ $ $ $ 0-8000 al (block 1) $ 1.75 1.86 1.98 $ 2.11 $ 2.25 $ $ 8000 + gal (block 2) $ 2.37 2.53 2.69 2.86 3.05 Pump Zone Charges $ $ $ $ Zone 1 $ - - - - - $ $ $ $ Zone 2 $ 1.09 1.16 1.24 1.32 1.41 $ $ $ $ Zone 3 $ 2.16 2.30 2.45 2.61 2.78 $ $ $ $ Zone 4 $ 3.24 3.45 3.67 3.91 4.16 $ $ $ $ Zone 5 $ 4.32 4.60 4.90 5.22 5.56 $ $ $ $ Zone 6 $ 5.40 5.75 6.12 6.52 6.94 $ $ $ $ Zone 7 $ 6.48 6.90 7.35 7.83 8.34 Page 2 of 5 Page 203 of 312 Metered Commercial Water Rates - The commercial water rates for for all other multiple dwelling units, trailer parks, public use, dedicated irrigation and commercial establishments shall consist of three components, a base charge, a commodity charge and a pump zone charge. Metered Commercial 2026 2027 2028 2029 2030 Base Charge $ $ $ Up to 3/4" $ 108.50 115.55 123.06 131.06 139.58 $ $ $ $ 1" $ 129.41 137.82 146.78 156.32 166.48 $ $ $ $ 1.5" $ 181.92 193.75 $ 206.34 219.75 234.04 $ $ $ 2" $ 250.11 266.37 283.68 302.12 321.76 $ $ $ $ 3" $ 418.68 445.90 474.88 $ 505.75 $ 538.62 $ $ 4" $ 599.06 638.00 679.47 723.64 770.67 $ $ $ $ 6" $ 898.60 957.00 1,019.21 1,085.46 $ $ 1,156.01 $ $ 8" $ 1,123.23 1,196.24 1,274.00 1,356.81 $ $ 1,445.00 $ Consumption (per 1,000 gal) $ $/1,000 al $ 1.92 2.04 2.17 2.31 2.46 Pump Zone Charges $ $ $ $ Zonel________________ $ - - - - - $ $ $ $ Zone 2 $ 1.09 1.16 1.24 1.32 1.41 $ $ $ $ Zone 3 $ 2.16 2.30 2.45 2.61 2.78 $ $ $ $ Zone 4 $ 3.24 3.45 3.67 3.91 4.16 $ $ $ $ Zone 5 $ 4.32 4.60 4.90 5.22 5.56 $ $ $ $ Zone 6 $ 5.40 5.75 6.12 6.52 6.94 $ $ $ $ Zone 7 $ 6.48 6.90 7.35 7.83 8.34 Page 3 of 5 Page 204 of 312 Section 2. Placement of a given customer account into a pump zone for billing purposes shall be based upon that customer's relationship to the 6170 Pressure Zone. The 6170 Pressure Zone is deemed to be Pump Zone 1 and all customers located withing that pressure zone and other areas where water can be supplied from 6170 Pressure Zone solely without pumping shall also be considered part of Pump Zone 1. For all other areas, a given customer shall be re-classified to the next highest pump zone for each time the water must be pumped from the 6170 Pressure Zone to supply that customer. Section 3. It is the District's goal that all customers are equipped with a water meter and billed volumetrically based upon their usage. However, circumstances exist whereby a customer refuses to undertake the necessary actions or improvements to allow that customer to be billed on a volumetric basis. In those cases, the customer shall be subject to a "non -conforming bulk rate" and shall be charged a monthly bill for service based on the base charge, commodity charge and pump zone charge corresponding to that customer's location and class (residential or commercial). For determining the commodity charge and pump zone charge, the customer shall be charged a volume equal to the 9th percentile of usage for all customers with the same class and meter size. This determination of the 90th percentile shall occur annually in January and shall be based upon the metered usage data for the prior calendar year. Section 4. The Clerk of the District shall immediately cause a copy of this ordinance to be published in newspaper of general circulation and posted in three places within the District. Section 5. The provisions of other ordinances shall remain in effect to the extent that they do not conflict with this ordinance. PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public Utility District at a meeting duly called and held within the District on the nineteenth day of November 2025 by the following roll call vote: AYES: NOES: ABSTAIN: ABSENT: TRUCKEE DONNER PUBLIC UTILITY DISTRICT By Christa Finn, President of the Board Page 4 of 5 Page 205 of 312 ATTEST: Brian Wright, General Manager Page 5of5 Page 206 of 312 AGENDA ITEM #8 MEETING DATE: November 19, 2025 TO: Board of Directors FROM: Michael Salmon, Chief Financial Officer SUBJECT: Continued Public Hearing for Budget for Fiscal Years 2026 & 2027 and Consideration of Adopting Resolution 2025-29 approving FY26- 27 Budget c3 _tom APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: a. Continue Public Hearing originally opened on November 5, 2025, regarding the FY26 and FY27 Budgets; and b. Adopt Resolution 2025-29 approving the Budget for FY26 and FY27. BACKGROUND: The District prepares a budget on a biennial basis. After holding three board meeting budget workshops (open to the public), this is the formally noticed Public Hearing and Resolution for Board consideration of adoption of the FY2026-27 budget. Budget development included utilizing the current budget, actual and forecast trends, as well as the strategic plan as the foundational basis. A review of the Board approved (6/18/2025) Budget 2026-27 workshops and the approval schedule is as follows: • July 16, 2025 (completed) — Workshop #1 - Discussion of Goals, Objectives, and Key Assumptions; • August 20, 2025 (completed) — Workshop #2 — Purchased Power Plan, Operating & Capital Budgets for Electric and Water Utilities; • August 20, 2025 (completed) — Action Item — Board authorized Public Hearing Notice of 11/1/2023 Public Hearing on Budget 2024 & 2025 Approval; • October 15, 2025 (completed) — Workshop #3 — Operating and Capital Budgets for operating cost centers, Revenue/Rates, Reserves & Financial Master Plan drafts; • November 5, 2025 (6pm start) — Public Hearings and Action Item — Review, Public Hearing and approval by Ordinance Electric Rates 2026 & 2027 • November 5, 2025 (6pm start) — Public Hearings and Action Item — Review, Public Hearing and approval by Resolution of Budget 2026 & 2027 • November 19, 2025 (6pm start) — Continued Public Hearing and Action Item — Review, Public Hearing and approval by Resolution of Budget 2026 & 2027 Page 1 of 16 Page 207 of 312 District's Mission The Mission of the Truckee Donner Public Utility District is to provide reliable, high quality utility and customer services while managing District resources in a safe, open, responsible, and environmentally sound manner at the lowest practical cost. Values of the District Safety — Safety is our way Safety is our first priority. We are committed to the health and safety of our employees, customers, and the community through the continuous practice of prevention, education, and awareness. Communication — Send and receive Foster positive engagement by creating a strong communicative environment that includes; active listening, transparency, clear, concise, and the timely transmission of information, with empathy and respect. This also includes providing and receiving honest feedback. Integrity — Honest and ethical Highest quality service to the public and employees, utilizing honesty and ethics as our base principles. Accountability — Own it A strong performing team with the obligation and willingness to accept responsibility for our actions, maintaining a sense of humility and inclusiveness. Timeliness — Meet our goals and commitments A highly effective agency and responsive organization meeting goals and expectations in a timely manner. Work Life Balance — Work hard, play hard We value every employee and foster a healthy work -life balance culture, allowing employees to bring their best selves to work every day. Strategic Plan The Board adopted Strategic Plan includes four key initiatives as follows: ❑ Community Broadband ❑ Service Reliability and Safety ❑ Net Carbon Reduction ❑ Local Watershed Stewardship Reference Documents The following useful background financial and other information items are on the District's website, tdpud.org. 1. 2024 Annual Comprehensive Financial Report 2. 2024 and 2025 Budget (Current Budget) 3. District Code Title 3 Finance and Accounting 4. Strategic Plan This budget process is essential in planning operational and capital expenses that are in alignment with the District's Mission, Values, and Strategic Plan. Page 2 of 16 Page 208 of 312 ANALYSIS AND BODY: The Public Hearing was advertised in the Sierra Sun on October 24 and 31, 2025 for the November 5, 2025 regularly scheduled board meeting at 6:00pm or soon thereafter. Key changes since the 3rd board meeting budget workshop on October 15, 2025, are as follows: a. Insurance costs increased for FY26 from $564,000 to $760,000 (+$196,000) and for FY27 from $588,000 to $800,000 (+$212,000). The increase is primarily due to the general liability renewal increase noticed October 16, 2025. This change increased operating expenses for electric and water by $98,000 and $106,000 each, respectively, for FY26 and FY27. b. Electric capital reserve use in FY26 was increased by $100,000 to $6.1 M and capita reserve funding in FY27 was reduced by $100,000 to $700,000. c. Water capital reserve use in FY26 was increased by $100,000 to $2.85M and capital reserve use in FY27 was increased by $100,000 to $1.4M. Overview Over the last six months, staff have developed the current draft of the FY26 and FY27 Budget. This comprehensive and collaborative process has evolved over the summer and fall and has included review and refinement across all operation departments. The District continues to experience significant cost pressures, and we have exercised conservatism where appropriate and reviewed all line items in determining key operational needs and strategic goals. While there are many comparisons of 'Budget to Budget' herein, staff did assess trends of actual costs across all areas. Attachments to the staff report: 1 Summary Budget and By Fund by Budget Year Schedules 2 Electric Utility — Summary Revenue and Expenses and by Cost Center Schedules 3 Water Utility — Summary Revenue and Expenses and by Cost Center Schedules 4 Capital Expenditures 5 Overheads, Rent, and Debt Service 6 Personnel 7 Financial Master Plan 8 Purchased Power Cost Details 9 Resolution 2025-29 Adopting Budget F26 and FY27 1. Summary Budget and By Fund by Budget Year Schedules Attachement 1 page 3 provides top-level budget information for FY26 and FY27 for both the electric and water utilities. Combined operating revenues are $68.2M and $72.5M for FY26 and FY27, respectively. Pages 4 through 7 provide informative summary budget information by fund for both years for both utilities. 2. Electric Utility Budget The current draft of Budget 2026 (B26) and Budget 2027 (B27) for the Electric Utility is provided as Attachment 2. The B26 net total revenue requirement from rates is $44.4M, which equates to an increase from B25 of $2.4M or 6% and B27 reflects an increase in revenue requirement from rates of 6%. Key budget components are as Page 3 of 16 Page 209 of 312 follows: B26 Purchased Power Costs of $14.4M are $1.0M or 7% less than B25. For B27, the cost increases $557k or 4% to B26. The decrease is driven primarily by favorable energy market conditions compared to the period of preparing the current budget in summer/fall of 2023. Details were outlined and reviewed in workshop #2 and details are provided in Attachment 8, discussed later in this report. B26 Operating Expenses of $18.9M are $2.1 M or 13% greater than B25. For B27, the cost increases $804k or 4% to B26. Details for the B26 increase are outlined below as the primary components of rates revenue requirement drivers. B26 Capital expenditures of $18.9M are partially offset by utilization of capital reserves of $6.9M, for a net of $11.9M from current year rate revenues. The $6.9M includes vehicle reserve use of $755k related to vehicle procurement. The use of funds for the FY26 Budget (FY27 is similar) is summarized in the following graphic. TDPUD - Electric Utility - 2026 Budget of $53.8 Million - Use of Funds Distribution - per $100 BK 15403837 A K11 Tills NOTE IS L[WLYFNDEN k Of EY9. vU�41C wNo �wivwYE C. Capital Expenditures, DebtService, $0.80 Purchased Power, $26.80 Operations, $32.48 $34.07 To Reserves, $3.26 Conservation, $2.59 The electric utility's retail customer rates are and will remain in 2026 and 2027 (assuming the current draft recommended increases of 5% and 5% respectively) below the majority of comparator benchmark utilities. Based on staff's discussions with other public utilities in California, many utilities are anticipating material rate increases in near term. In summary, regional electric utilities are all experiencing material cost pressures, particularly related to wildfire system hardening, grid modernization, and operating costs (labor and vendors). The District's current YTD September average retail cost per kWh for all customers is $0.2375. The District's current YTD September average residential cost per kWh for primary, secondary, and combined, are $0.2178, $0.2606, and $0.2398 respectively. The District's combined residential average is 35% below the BLS San Francisco Oakland Hayward (SFOH) December 2024 of $.370 per kWh. The BLS ceased publishing this SFOH metric in December 2024. The BLS CPI Electricity for the USA indicates an August 2025 year -over -year inflation rate of 6.2%. The District's electric rates remain one of the few cost items in the region that are below the average cost in other areas of California. The current electric cost of service and rates consultant, HDR Engineering, provides the below benchmarking residential average bill comparison chart. Page 4 of 16 Page 210 of 312 Rate Comparison 800 kWh $350 $300 $250 ZNMET ge Sz00 $150 $100 $50 Sa Current Year 1 Proposed Roseville Electric Lodi Electric PSREC* Liberty PG&E Utility TDPUD Other Utilities *Plumas-Sierra Rural Electric COOP As discussed above, the B26 net revenue requirement from rates of $44.4M is an increase over B25 of $2.4M or 6%. The details of the key changes are provided below: 2a. Purchase Power Costs, -$1.0M, -7% Demand is relatively consistent. However, growth is occurring, weather does influence the volume, and electrification momentum continues. Costs can be volatile, as we saw in the second half of 2022 and January 2023. However, costs have been relatively stable and lower than the budget in 2024 and YTD 2025. The YTD September 2025 cost of $10.7 million is $909,000 or 8% under budget and the FY25 forecast of $14.6 million is $900k or 6% under budget. For FY26 and FY27, staff developed a detailed purchased power estimate based on trends in current cost trends, customer growth, and utilized a three-year average trend for kWh volume. For FY26, the $14.4M is $1.0M or 7% less than the FY25 budget. This decrease is driven by multiple factors including customer growth, demand growth, power cost per MW increases, power source mix shifts, transmission cost increases, and energy imbalance market (EIM) costs. For FY27, an average increase of 4% was applied. The budget for FY26 is 180,000 MWH purchased and the budget for FY27 is 181,500. Both a 3 -year and 5 -year average were analyzed and adjusted for customer growth and demand trends in developing these MWH volume estimates for budget. Attachment 8 provides a detailed schedule of purchased power budget. 2b. Rate Reserve Funding, -$389k, -72% The FY26 rate reserve funding of $151 K reflects a decrease of $389K as compared to the FY25 budget. This decrease is driven by a related decrease in the rate reserve requirement of $519k. This decrease provides a reset and relief from the rate reserve utilization in April 2023 of $2.4M. Accordingly, the FY26 rate reserve funding replenishment requirement to achieve the policy target of 50% of budget is $151,000 and replenishment from utilization will be complete. Further, by ordinance approved by the Board in 2023, a Power Cost Adjustment (PCA) quarterly rate adjustment tool, Page 5 of 16 Page 211 of 312 common with many utilities, addresses the variability in purchased power costs. The PCA provides a mechanism to address wholesale power cost increases (or decreases) without directly drawing from reserves. 2c. AB32 Funds, $0k, 0% AB32 Cap & Trade cash funds have been consistently utilized as a non -rate funding source, thereby reducing the rates' revenue requirement. Consistent with budget, utilization in FY24 was $500k and FY25 was $450,000. The Financial Master Plan anticipates the utilization amount to be $450,000 for B26 (no change to B25) and $400,000 for B27. 2d. Labor Costs, +$990k,10% The rate of pay for personnel increase for 2025 was 5.5% overall, plus an additional 17% for electrical -specific positions represented by IBEW 1245. These increases were driven by compensation survey information as well as negotiations with IBEW. The budgeted increases for B26 and B27 are 4.0% and 4.0% respectively, in accordance with the three-year IBEW 1245 Memorandum of Understanding adopted in 2025. Certain positions had or will have step increases within the range, consistent with approved salary schedules. Staff has evaluated the resources of the District in relation to the mission, values, and strategic goals of the organization. Regarding personnel impact, staff is recommending one additional Full -Time Equivalents (FTE) (split 50% electric and 50% water) as compared to current staffing levels. An organizational chart and position details are provided in Attachment 6. Overall, the budget represents a decrease in staffing from 83 FTE in Budget FY25 to 81 FTE in Budget FY26 and FY27. A summary of the changes from B25 to B26 in number of FTE are as follows: 83 Budget 2025 (4) drop of 1 Electric crew (1 Forman, 3 Journeyman Lineman) +1 Electric Utility Director split to two positions +1 for new position, placeholder is 'HR Specialist(Represented)', cost center 2 General Management = 81 Budget 2026 and 2027 The above items impact gross wages, as well as, certain labor overhead components (payroll taxes, pension, workers' compensation insurance). Both are included in the impact amount noted. 2e. Vendor Costs, +$1.2M, +17% Inflation level of —5% equates to $331 k for vendor operating expenses of the electric utility. Staff have reviewed expenses by account and activity code for reasonableness based on three-year averages, adjusting for anomalies, and other known factors and estimates. Conservation expenses have been increased $370k to align with the regulatory requirements for percent of revenues. Wildfire defensible space contractor work for B26 of $2.1 M is 3% over B25. Electric fleet rental expense of $197k has been added to B26 and $205k in B27 based on anticipated operational fleet needs prior to delivery of fleet purchases (beyond normal lead times). This item increases electric operating costs (vendor costs). However, the item is recommended/drafted to be funded with vehicle reserve funds. These rentals are separate from the occasional fleet rental required during an extended fleet repair period, which is charged to standard fleet Page 6 of 16 Page 212 of 312 costs and spread throughout all operations for both utilities via a Transportation Overhead cost charge. With the upcoming 2027 100 -year District anniversary, expense of $30,000 has been budgeted in B26 and $45,000 in B27, with electric's 50% portion of $15k and $23k, respectively. Insurance costs have increased in B26 by $332,000 to $760k, with electric's share of the increase at $161,000. This cost includes property, general liability, excess crime, and vehicles. Insurance premium renewals in the last 3 cycles average 29%, 13% and 47% respectively, with the latter driven primarily by a general liability renewal effective 10/1/2025 increase of 79% over last year's renewal. 2f. Fleet R&M & Fuel Costs, +$42k, +7% Fuel and oil cost for B26 of $260,000 are $54,000 or 26% greater than B25 based on recent cost trends plus anticipated CA CARB LCFS and CA refinery closures impacts. Repairs and Maintenance (R&M) costs are $56,000 or 38%, greater than B25 due to current cost trends. B26 includes $59,000 in equipment rentals due to the repair lead times (B27 $62k), generally consistent with the current budget. In total, vehicle operation, maintenance, repairs, fuel, deprecation and other fleet costs for B26 total $1.83M and equate to an increase of $180k or 11% to B25. The B27 total of $1.91 M reflects an increase of 4% to B26. Transportation Overhead was refined for B26 with respect to fleet -related labor hours across the district. The electric utility's operating expense share of fleet costs equates to an increase in Transportation Overhead of $42,000 for B26 as compared to B25. 2g. Labor Overheads Inflation, +$395k, 8% An increase of $149,000 for Medical premiums reflects an increase of 5% for 2026, below industry trends. An FY26 increase of $196,000 for CaIPERS Unfunded Actuarial Liability (UAL) required payment as compared to FY25. The July 2026 UAL payment for Classic plan is $1.823M and for Pepra plan is $14k. The change for electric operating expense labor overhead is $395k due to electric's portion increasing greater than water's portion, due to electric rate of pay increase discussed previously greater than water's. 2h. Capital and Reserves, net +$2.8M greater cash outflow In addition to the annual operating expenses detailed previously, there are numerous capital -related and other reserve item components of the annual budget which impact rates. The timing of capital projects between years can have a material impact on year- to-year comparison. The changes from B25 to B26 are detailed below. • ($2.1 M) increase in net capital expenditures. Capital expenditures B26 of $18.32M are offset by $6.86M in capital reserves utilization for a net outflow of $11.5M, as compared to a B25 net outflow of $9.4M ($22.5m capex, less $6.5m debt proceeds spend, less $6.6M reserve use) • ($500,000) decrease in facility fees utilized for capital expenditures (none for B26 as compared to $500K for B25) • ($ 81,000) decrease in vehicle reserve funding to $844,000 for B26 as compared to $925,000 for B25 Page 7 of 16 Page 213 of 312 • $113,000 in LCFS funding utilized ($0 in B25) • ($312,000) operating reserve decrease compared to B25. B26 +$614k as compared to +$878k for B25 2i. Customer Growth, -$396k, -0.6% Customer account growth increases retail electricity sales, growth assumption for electric accounts is 0.6%. Presented as a negative amount, as the account growth reduces the rate increase necessary to cover the revenue requirement. 2j. Other Revenue (non -rates), -$106k, -9% Numerous miscellaneous revenues, including standby and pole contacts, and water's rent expense paid to electric. B26 of $1.3M is 106k or 9% greater than B25. Presented as a negative amount, as the increase in non -rate revenue sources reduces the rate increase necessary to cover the revenue requirement. 3. Water Utility Budget The use of funds for the FY26 Budget (FY27 is similar) is summarized in the following graphic: TDPUD - Water Utility - 2026 Budget of $27 Million - Use of Funds Distribution - per $100 ■ Capital Expenditures ■ Debt Service To Reserves ■ Operations * Operations, includes Pumping related Electricicty costs of $6.59 The current draft of Budget 2026 (B26) and Budget 2027 (B27) for the Water Utility is provided as Attachment 3. B26 operating revenues of $22.4M are $1.89M or 9% greater than B25. This increase is due to an average rate increase of 6.5%, customer growth of 0.6%, and an increase in 3 -year average billed water volume. B26 Operating Expenses of $14.2M are $0.51 M or 4% greater than B25 and for B27 the cost increases $689k or 5% to B26. Capital expenditures for B26 of $9.7M are $1.65M more than the $8.1 M in B25. At the September 3rd water rates board workshop, Cost of Service and Rate Design consultant, HDR Engineering, provided the following residential bill comparison for benchmark analysis. Page 8 of 16 Page 214 of 312 FY 2026 Average Residential Customer Monthly Bill Comparison S1ea.ao 5160.00 5140.00 $120.00 $100.00 II I F' :!� [ 3 :: eo.00 II, '1 .I: III �1 $60.00 k3 3 ; 4o.ao �; f Z II 13 ; Sza.00 � �13 s A —v ofOthe, TDPUD- Prtspft TDPUD-Proposed Northeta, (SD TOhoOCity PUS Olympic Valley NorthTohooPUD SUOthTOhOGPUD Alp, 5prings Dlstrlm (2026) PS0 CWD Assumes 3/4" meter and 5,000 gallons per month The three hatch -marked utilities receive property tax dollars, as well as, rate revenues. The District does not receive any property tax funds. Below is a discussion of water's cost components and other items. 3a. Water Power Costs, -$64k, -3% $64,000 decrease in power costs (electricity primarily) costs to operate wells, pumps and motors. This decrease is a combination of the District's electricity service, as well as, Liberty's electricity service costs. The decrease to B25 is driven by less rate increase than anticipated for electricity, a decline in electricity kWh volume, partially offset by an estimated cost increase of 5%. In B26, water's cost for power costs is $1.91 M and represents 14% of annual water utility operating costs. 3b. Labor Cost, +$342k, +4% The rate of pay for water utility personnel increases in 2025 was 5.5%. The rate of pay increases for B26 and B27 are estimated at 4.0% and 4.0%, consistent with the current MOU. Certain positions had or will have step increases within the range, consistent with approved salary schedules. The above items impact gross wages, as well as, labor overhead. The water utility's share of labor overhead decreased as compared to electric utility due to the latter receiving a greater rate of pay increase, driving greater labor overhead costs on the electric utility labor cost side as compared to water utility. 3c. Vendor Costs, +$345k, +8% The US economy's current year -over -year inflation rate as of August 2025 is 2.9%. An inflation level of 3% equates to $113k for vendor operating expenses of the electric utility. Staff have reviewed expenses by account and activity code for reasonableness based on three-year averages, adjusting for anomalies, and other known factors and estimates. Insurance costs have increased in B26 by $332,000 to $760k, with electric's share of the increase at $161,000. This cost includes property, general liability, excess crime, and vehicles. Insurance premium renewals in the last 3 cycles average 29%, 13% and 47% respectively, with the latter driven primarily by a general liability renewal effective 10/1/2025 increase of 79% over last year's renewal. IT vendor costs allocated to water increased $43k or 10% to $481,000 for B26 due to various water systems items. Page 9 of 16 Page 215 of 312 3d. Fleet R&M & Fuel Costs, +$64k, +9% Fuel and oil costs for B26 of $260,000 are $54,000 or 26% greater than B25 based on recent cost trends plus anticipated CA CARB LCFS and CA refinery closures impacts. Repairs and Maintenance (R&M) costs are $56,000 or 38%, greater than B25 due to current cost trends. B26 includes $59,000 in equipment rentals due to the repair lead times (B27 $62k), generally consistent with the current budget. In total, vehicle operation, maintenance, repairs, fuels, deprecation and other fleet costs for B26 total $1.83M and equate to an increase of $180k or 11% to B25. The B27 total of $1.91 M reflects an increase of 4% to B26. Transportation Overhead was refined for B26 with respect to fleet -related labor hours across the district. The water utility's operating expense share of fleet costs equates to an increase in transportation overhead of $64,000 for B26 as compared to B25. 3e. Capital, Reserves, and Other, net -$42k less use of cash funds In addition to the annual operating expenses detailed previously, there are numerous capital -related and other reserve components of the annual budget which impact rates. The timing of capital projects between years can have a material impact on year- to-year comparison. The changes from B25 to B26 are detailed below. • $ 191,000 in more net capital expenditures for B26 versus B25. B26 capital expenditures of $9.7M, less 3.5M in capital reserves utilization for a net outflow of $6.5M, as compared to a B25 net outflow of $6.3M ($8.1 M less $1.8M in capital reserves utilization for a net outflow of $6.3M) • ($151,000) operating reserve increase anticipated for B26 of $50,000 as compared to negative $101,000 for B25 • $ 157,000 increase in vehicle reserve funding to $484,000 for B26 • ($250,000) decrease in capital reserve funding to $0 for B26 • ($ 7,000) decrease in debt service. B26 total is $1.98M • ($ 3,000) increase in other revenues (not rate related) • $ 21,000 decrease in investment income 3f. Customer Growth, - $124k, -0.6% Customer account growth increases retail water sales, with an estimated growth rate of 0.6%. Presented as a negative amount, as the account growth reduces the rate increase necessary to cover the revenue requirement. 4. Capital Expenditures The District has reviewed the current 10 -year capital improvement plans (CIP) and updated them as necessary for current planned projects timing and inflation. Capital expenditures are required to address the aging depreciation of system assets and are critical to achieving the mission of the district. Capital expenditures were reviewed in detail during Workshop #2 last month. The water utility performed a comprehensive system analysis as part of the CIP update in 2025. The 10 -year capital improvement plans for the electric system, water system, facilities, vehicles, and information technology can be referenced in Attachment 4. Page 10 of 16 Page 216 of 312 Electric's capital expenditures total $18.3M and $14.2M for B26 and B27, respectively. Water capital expenditures total $9.7M and $8.9M for B26 and B27, respectively. 5. Overheads, Rent, and Debt Service There are four overhead charges applied throughout the District's financials. The calculation methodologies and application to B26 and B27 are consistent with prior years: • Labor Overhead — distributes the cost of all payroll related costs (taxes, insurance, pension) and non-productive compensation costs across all our operations/work orders/capital projects • Transportation Overhead — distributes the cost of our Fleet across all our operations/work orders/capital projects • Administrative Overhead — distributes Purchasing/Warehousing common costs across operations/work orders/capital projects • Construction Overhead — distributes administrative overhead costs to all capital projects 5a. Labor Overhead The District's payroll costs include the cost of salaries and wages (rate of pay x hours) aka compensation, as well as, numerous other costs directly associated with compensation. For the District (as an employer), these other costs include the employer's cost portion of payroll taxes, health insurance, pension, OPEB, and workers' compensation insurance. The District's financials account for the above costs in two main categories; Labor and Labor Overhead. Labor is the direct cost (compensation) for productive labor time costs. Labor includes the cost of hours charged to operations, capital projects and service work orders. Labor cost charging is specific to the hours and personnel charging their time, and includes overtime and standby compensation costs. Labor Overhead captures the cost of all the other costs referenced above, as well as the cost of non-productive labor costs (vacation, sick, administrative, and holiday pay). Overhead cost components are accumulated for the District as a whole, then proportionally distributed to all operations, capital, and service work orders based on where the labor costs are charged. For Budget 2025, the labor overhead rate was 94% and the rate has decreased in B26 to 91% and B27 to 92%. Therefore, for every dollar of productive labor cost in B26, overhead charged is 91 cents. There are numerous drivers of the overhead cost components, including rate of pay increases, position additions/deletions, health insurance costs and plan changes, and turnover impacts on pension costs (traditional to PEPRA), the pension UAL required payments, and paid time off accrual rates. Labor Overhead for B26 of $11.2M increased 9% to B25, whereas total recommended labor is an increase of 12%. Therefore, the effective Labor Overhead rate decreased 3%. The five largest cost components for Labor Overhead are as follows: • $3.9M Pension Costs — up 15% to B25 due to increase in UAL required annual Page 11 of 16 Page 217 of 312 payment and increase in pensionable wages • $3.OM Medical/Dental insurance costs (employees and retirees,net) — up 1 % to B25 due primarily to premium renewal cost increase of 5% partially offset by fewer participants • $2.OM Non-productive labor costs — up 12% to B25 primarily due to rate of pay increases • $0.99M FICA/Medicare payroll taxes, employer portion — up 4% to B25 due to payroll increases • $0.48M Other Post Employment Benefits (OPEB) Retirees cost — up 13% to B25 due to benefit changes approved by the Board Of note, $0.23M Workers Compensation insurance — down 35% due primarily to a favorable decrease in experience modification factor 5b. Transportation Overhead — distributes the cost of our Fleet across all our operations/work orders/capital projects. The Transportation Overhead (TO) amount for B26 of $1.8m increased $182K or 11% to B25. This was driven primarily by inflation impacts on fuel and repair and maintenance costs. TO applicable labor hours was refined for this budget cycle, resulting in 12% fewer labor hours subject to TO. The resulting overhead rate charged per applicable transportation hour for B26 of $22.21 compares to $17.67 for B25, representing a 26% increase. B27 rate is $23.12, up 4% to B26. 5c. Administrative Overhead — distributes Purchasing/Warehousing common costs across operations and work orders/capital projects The Administrative Overhead (AO) amount for B26 of $440k increased $6K or 1 % to B25. The overhead rate charged per applicable labor hour for B26 of 3.6% compares to 4.0% for B25. The rate decrease is due to the cost being spread over a greater percentage increase in overall labor dollars the AO % applies to. B27 rate is also 3.6%. 5d. Construction Overhead — distributes construction project administrative overhead costs to all capital projects The Construction Overhead (CO) amount for B26 of $447k increased $114K or 34% to B25. This was driven primarily by cost increases driven by rate of pay changes and increased capital project planning efforts by electric engineering team. Capital labor for B26 of $2.1 M increased 28% over B25. The resulting overhead rate charged per applicable labor hour capital projects for B26 is 20.9% and was 20.0% in B25. The rate for B27 is 21.35%. 5e. Interdepartmental Rent The electric utility owns the District's main building and common shared equipment assets. The depreciation cost and the operating costs for the building and common facilities are jointly shared by the water utility, 50% Electric and 50% Water, consistent for many years. Water's rent to Electric for B26 is $663,000 and equates to an increase of 9% compared to B25. At a total cost level, the building facilities' annual operating costs of $874K increased 1 % in B26 compared to B25. Depreciation costs of $452K for Page 12 of 16 Page 218 of 312 B26 increased by 30% compared to B25. This increase in depreciation cost is due primarily to an increase in jointly shared asset capital additions. 5f. Debt Service Schedule, Electric Utility The electric utility's debt service for B26 and B27 is $429k and $431 k, respectively. The electric utility's 2022 debt issuance proceeds of $6.5M are forecast to be expended in FY25.The electric utility has no new debt issuance currently planned. For the purposes of long-term financial planning only, the electric utility has $1.452M in new debt service starting in FY28, to reflect potential new facility infrastructure improvements, electric's portion. 5g. Debt Service Schedule, Water Utility The water utility's net debt service for B26 and B27 is $1.53M and $1.53M, respectively. The water utility has no new debt issuance currently planned. For the purposes of long-term financial planning only, the water utility has $0.96M in new debt service starting in FY28, to reflect potential new facility infrastructure improvements, water's portion. Attachment 5 provides detailed calculation schedules for overheads, rent, and debt service. 6. Personnel Personnel is at the core of operational and strategic success and a significant cost and investment for the District. The District has reviewed the organizational structure over the last 12-18 months and has developed several strategic recommended changes to align the structure with the evolving landscape of public utility maintenance and operations, consistent with the District's Mission, Values, and Strategic Plan. As compared to the current budget for B24 and B25, there was one position addition resulting from the split of the Electric Utility Directors duties into two positions. B26 includes the addition of one position (Human Resources support) and includes not staffing a 3rd electric line crew, which was budgeted but not filled. A summary of the changes from B25 to B26 in number of FTE are as follows: 83 Budget 2025 (4) drop of 1 Electric crew (1 Forman, 3 Journeyman Lineman) +1 Electric Utility Director split to two positions +1 for new position, placeholder is 'HR Specialist(Represented)', cost center 2 General Management = 81 Budget 2026 and 2027 Attachment 6 provides detailed position information and an organizational chart. 7. Financial Master Plan The Financial Master Plan (FMP) is a tool to help the Board and staff understand how the proposed budget impacts long-term goals. The FMP includes revenues and expenditures for the current budget cycle years, as well as the following eight years, for a 10 -year horizon view of the financial position, in particular reserve balances, for the District. Further, the FMP is reviewed during the budget cycle to ensure that the proposed budget is consistent with long-term goals. The FMP makes assumptions on customer growth and inflation. Further, the FMP incorporates the 10 -year capital Page 13 of 16 Page 219 of 312 improvement plans of the utilities. For the purposes of long-term financial planning only, to reflect potential new facility infrastructure improvements, the electric and water utility have, starting in FY28, new debt of $1.452M and $0.96M, respectively. The pro forma new debt service amounts reflect an approximate $39M debit issuance, with debt service split 60% electric 40% water. The pro forma debt has no impact on current proposed electric rates (FY26/FY27) or water rates (FY26-FY30). The key measure of financial stability for the District in the FMP is reserve balances. Reserve balances and relationship to goals (highlighted) and related rate change recommendations are summarized below: ELECTRIC FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 Operating Cash Flow Operating revenue $ 45,740 $48,500 $50,853 $53,322 $55,389 $57,536 $ 59,767 $ 62,086 $ 64,494 $ 66,996 Operating Purchase Power Costs (14,412) (14,969) (15,568) (16,191) (16,839) (17,513) (18,214) (18,943) (19,701) (20,489) Operating Expenses (18,858) (19,662) (20,449) (21,267) (22,118) (23,002) (23,922) (24,879) (25,674) (26,909) Other revenue/(expenses) (44) (22) (9) 11 31 54 73 100 117 143 Net Income FMP $ 12,426 $13,847 $14,827 $15,875 $16,463 $17,075 $ 17,704 $ 18,384 $ 19,036 $ 19,741 Transfer fromt(to) funds 6,620 757 853 (975) 303 (3,057) (2,697) (4,003) (3,416) (5.748) Debt Issuance Costs - - - - - - - - - - Debt principal payments (160) (170) (1,632) (1,637) (1,647) (1,657) (1,667) (1,677) (1,692) (1,702) 2022 Debt proceeds use -$0,000 - - - - - - - - - Capital projects (18,320) (14,244) (13,601) (12,847) (14,584) (12,044) (12,644) (12,467) (13,400) (11,188) Change in Operating Cash $ 566 $ 190 $ 447 $ 416 $ 535 $ 308 $ 695 $ 217 $ 527 $ 1,102 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 Op Reserve %ofOpExp(Goal 50%) 51% 50% 50% 50% 50% 50% 51% 50% 50% 52% Rate Reserve %of PPE (Goal 50%) 51% 51% 51% 51% 51% 51% 51% 51% 50% 50% Capital Reserves%Capx (Goall00%) 80% 76% 70% 76% 74% 91% 104% 124% 139% 164% Cash & Reserve Balances Operating Reserve (Gen Fd) Balance $ 9,566 $ 9,756 $10,203 $10,620 $11,154 $11,462 $ 12,157 $ 12,374 $ 12,902 $ 14,004 Rate Reserve Balance 7,300 7,579 7,879 8,191 8,515 8,852 9,203 9,568 9,947 10,341 Capital Reserve Balance 8,357 9,266 8,798 10,718 10,486 13,748 17,092 21,419 25,354 31,688 Capital Vehicle Reserve Balance 2,417 1,532 1,605 1,162 1,635 1,913 1,855 2,160 2,387 2,748 Deferred Liability 2,434 2,495 2,557 2,621 2,687 2,754 2,823 2,894 2,966 3,040 Facility Fee Reserve Balance 457 650 796 946 1,100 1,264 1,439 1,624 1,821 2,029 Cash& Reserve Balances $ 30,531 $31,278 $31,838 $34,258 $35,577 $39,993 $ 44,569 $ 50,039 $ 55,377 $ 63,850 RecommendedlProposed rate change 5.00% 5.00% 4.00% 4.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% Net Rate Increase in active FMP 5.00% 5.00% 4.00% 4.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 Electric's Operating and Rate Reserves are at or above the policy target goal of 50% of the respective budget, all years. Electric's Capital Reserve balances are slightly below the policy target goal (100% of average annual capital expenditures) in FY26 through FY31, and at or above goal for FY32-FY35. Page 14 of 16 Page 220 of 312 WATER Operating Cash Flow Operating revenue Operating expenses Other revenue and expenses Net income Transfers tomf(to) funds Debt Issuance Costs Debt principal payments Debt proceeds (new debt) - $0,000 Capital expenditures Change in Operating Cash OpGF Reserve%ofOpExp Goal 50% Capital Reserves%CapxGoal 100% Cash & Reserve Balances Operating Cash Balance (GenFd) Capital Reserve Balance Vehicle Reserve Balance Deferred Liability Facility Fee Balance Cash & Reserve Balances Debt service coverage (1.25 required until 2036) Chance to Proposed FY26 & FY27 FY26 FY27 FY20 FY29 FY30 FY31 FY32 FY33 FY34 FY35 $ 22,432 $ 23,982 $ 25,671 $ 27,481 $ 29,420 $ 30,820 $ 31,870 $ 33,171 $ 34,525 $ 35,935 (14,328) (15,025) (15,636) (16,272) (16,914) (17,581) (18,276) (18,997) (19,747) (20,526) (806) (763) (709) (662) (610) (556) (496) (438) (370) (265) $ 7,298 $ 8,194 $ 9,326 $ 10,547 S 11,896 $ 12,483 $ 13,098 $ 13,736 $ 14,408 $ 15,144 3,426 2,148 1,822 603 28 (1,499) (1,694) (2,593) (1,299) (2,322) (1,000) (1,045) (2,050) (2,085) (2,130) (2,180) (2,225) (2,285) (2,330) (1.665) (9.7151 (8.9391 (8.8021 (8.7431 (9.4881 (8.3651 (8.944) 18.3001 (8.9231 (8.1481 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 50% 50% 50% 50% 50% 50% 50% 51% 58% 71% 39% 27% 12% 15% 19% 43% 63% 94% 109% 136% $ 7,110 $ 7,488 $ 7,764 $ 8,086 $ 8,392 $ 8,831 $ 9,066 $ 9,624 $ 11,480 $ 14,489 2,993 1,668 210 115 618 2,633 4,299 7,606 9,796 12,541 428 770 895 1,355 1,314 1,791 2,311 2,659 2,458 3,103 128 131 134 137 140 144 148 152 156 160 2,086 1,777 2,100 1,913 2,283 2,138 2,568 2,531 3,030 3,091 4.55 4.99 3.74 4.15 4.60 4.79 4.99 5.18 5.42 7.501 �Vrate�chanaes 6.5% 6.5°/, 6.5% 6.5% 6.5% 3.5% 3.50% 3.50°/ 3.50% 3.50%I Water's Operating Reserves are at or above the policy target goal of 50% of the respective budget, all years. Water's capital reserve balances are significantly below the policy target goal (100% of average annual capital expenditures) in FY26 through FY31, and starting to improve beginning in FY32. Key notes regarding reserves: • The Operating Reserve is the general fund balance and is intended for unanticipated operating cost items or operating cost increases, or an unanticipated loss of revenues. The primary source of incoming funds is customer rates for electric and water utility service provided. • The Capital Reserve is funded with rates, via transfers from General Fund to Capital Reserve. This reserve is intended to fund any year-to-year 'spikes' in capital expenditures, in addition to serving as a funding source for any unplanned capital needs. • Both of the above referenced reserves (and the Rate Reserve for electric) are an important component of the overall financial strength of the District, serving as key funding reserves, in addition to essential components of debt ratings or other review of the District's financial position. Attachment 7 provides the detailed Financial Master Plan for the 10 -year period. Attachment 8 provides details regarding Purchased Power, previously discussed. Attachment 9 is Resolution 2025-29 for the board's consideration for adopting Budget FY26 and FY27. GOALS AND OBJECTIVES: Page 15 of 16 Page 221 of 312 District Code 1.05.020 Obiectives: 1. Responsibly serve the public. 2. Provide a healthy and safe work environment for all District employees. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 4. Provide reliable and high quality electric supply and distribution system to meet current and future needs. 5. Manage the District in an environmentally sound manner. 6. Manage the District in an effective, efficient and fiscally responsible manner. District Code 1.05.030 Goals: 1. Manage for Financial Stability and Resiliency 2. Environmental Stewardship: Create a sustainable resilient environment for all our communities. 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Modernize the utility and add value to our communities through collaboration and innovation. 5. Developing an inclusive culture drives organizational integration and success. FISCAL IMPACT: The staff recommended adoption of Resolution 2025-29 for Budget 2026 and 2027 is a balanced budget consistent with the District's mission, values, strategic plan, goals and objectives. ATTACHMENTS: 1. 1 Summary and By Fund Schedules 2. 2 Electric Summary and Schedules 3. 3 Water Summary and Schedules 4. 4 Capital Expenditures 5. 5 Overheads Rent Debt 6. 6 Personnel 7. 7 Financial Master Plan 8. 8 Purchased Power 9. Res2025-29 FY26 and FY27 Budget Page 16 of 16 Page 222 of 312 TRUCKEE DONNER Public Utility District FY2026 and FY2027 Budget Public Hearing and Resolution 2025-29 November 5, 2025 1 - Summary and By Fund Schedules - page 1 of 7 Page 223 of 312 this page 2 is intentionally left blank 1 - Summary and By Fund Schedules - page 2 of 7 Page 224 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) Budget - Super Summary Information is Budget Basis (cash flows). Excludes certain non -cash items, such as Depreciation. Combined Amounts are informational only, pre-inter-utlity eliminations. Electric Utility FY26 FY27 Water Utility FY26 FY27 TRUCKEE DONNER Public Utility District Combined FY26 FY27 Operating Revenues $ 45,740,000 $ 48,500,000 $ 22,432,000 $ 23,982,000 $ 68,172,000 $ 72,482,000 Operating Expenses (OE) 33,270,000 34,631,000 14,328,000 15,025,000 47,598,000 49,656,000 OE Purchased Power 14, 412, 000 14, 969, 000 - - 14, 412, 000 14, 969, 000 OE All Other 18, 858, 000 19, 662, 000 14, 328, 000 15, 025, 000 33,186, 000 34, 687, 000 Operating Net $ 12,470,000 $ 13,869,000 $ 8,104,000 $ 8,957,000 $ 20,574,000 $ 22,826,000 27% 29% 36% 37% 30% 31% Other Inflows Investment Income (Operating Fund only) 225,000 239,000 178,000 178,000 403,000 417,000 AB32 Cap&Trade Funds use .. ..................... 450,000 400,000 - - 450,000 400,000 Donner Lake Surcharge -2006 COPs - - 100,000 97,000 100,000 97,000 Fac.Fee Funds use, Debt Service ............................................................................................................................................................ - ............................................................................................................................. - 359,000 ............................................................................................................................ 360,000 359,000 ............................................................................................................................. 360,000 Fac.Fee Funds use, Capital Projects - - - 619,000 - 619,000 LCFS Funds use 113,000 35,000 - - 113,000 35,000 ............................................................................................................................................................ Reserve Use, Capital Reserve ............................................................................................................................. 6,100,000 - ............................................................................................................................ 2,850,000 1,400,000 ............................................................................................................................. 8,950,000 1,400,000 Reserve Use, Vehicle Reserve 952,000 2,043,000 602,000 - 1,554,000 2,043,000 Other Outflows Debt Service (429,000) (431,000) (1,984,000) (1,987,000) (2,413,000) (2,418,000) Capital Expenditures ...................... (18,320,000) (14,244,000) (9,715,000) (8,939,000) (28,035,000) (23,183,000) Reserve Funding, Capital - (700,000) - - - (700,000) Reserve Funding, Vehicle (844,000) (925,000) (484,000) (327,000) (1,328,000) (1,252,000) .. Reserve Funding, Rate Reserve (RR) - (96,000) - .............. - - (96,000) Reserve Funding, RR Replenish (151,000) - - - (151,000) - Net Budget, Operating $ 566,000 $ 190,000 $ 10,000 $ 358,000 $ 576,000 $ 548,000 Net Budget is the Change in Operating Reserve/General Fund Electric Utility Water Utility Combined Informational Subtotals/Nets in above: FY26 FY27 FY26 FY27 FY26 FY27 Capital Reserve, Net Use (Funding) 6,100,000 (700,000) 2,850,000 1,400,000 8,950,000 700,000 Vehicle Reserve, Net Use (Funding) 108,000 1,118,000 118,000 (327,000) 226,000 791,000 Other Inflows, total 7,840,000 2,717,000 4,089,000 2,654,000 11,929,000 5,371,000 OtherOutlfows,total (19,744,000) (16,396,000) (12,183,000) (11,253,000) (31,927,000) (27,649,000) Other Inflows/Outlfows, Net (11,904,000) (13,679,000) (8,094,000) (8,599,000) (19,998,000) (22,278,000) 1 - Summary and By Fund Schedules - page 3 of 7 Page 225 of 312 Truckee Donner Public Utility District ELECTRIC Utility by Fund 2026 Budget (year 1) PH 11/5/2025 Operating Reserve Rate Deferred Capital Vehicles Facility COP Debt Electric Utility (General) Reserve Liability Reserve Reserve Fees Project AB32 Cap & All Funds Fund Fund Fund Fund Fund Fund Fund LCFS Fund Trade Fund Combined Undesignated Designated Restricted Restricted Restricted Restricted Sources $ 46,725,000 $ 325,000__$ 59,000__$ 353,000__$ 979,000__$ 201,000__$ - $ 33,000__$ 359,000 $ 49,034,000 Operating Revenue, Rates 44,430,000 44,430,000 Operating Revenue, Other 1,310,000 1,310,000 45,740 000 subtotal, operating revenue 45,740,000 888,000 Investment Income 225,000 174,000 59,000 353,000 59,000 6,000 0 3,000 9,000 LCFS / AB32 Auction Sales 30,000 350,000 380,000 Facility Fees collected 195,000 195,000 Vehicle sales proceeds 76,000 76,000 Bond Proceeds - 0 From other Fund: GF to Rate Reserve Replenish 151,000 151,000 GF to Rate Reserve 0 0 GF to Capital Reserve 0 0 GF to Capital Reserve, Vehicles 844,000 844,000 LCFS Funds to GF 113,000 113,000 AB32 Funds to GF 450,000 450,000 Vehicle Reserve, Rental Expense 197,000 197,000 Uses $ 46,159,000 $ - $ - $ 6,100,000 $ 952,000 $ - $ - $ 113,000 $ 450,000 $ 53,774,000 Operating expenses 18,858,000 18,858,000 Purchased Power 14,412,000 14,412,000 33, 270, 000 subtotal 33, 270, 000 To other Fund: GF to Rate Reserve Replenish 151,000 151,000 GF to Rate Reserve 0 0 GF to Capital Reserves 0 0 GF to Capital Reserve, Vehicles 844,000 844,000 LCFS / AB32 funds to GF 113,000 450,000 563,000 Debt Service 429,000 429,000 Capital Expenditures 11,465,000 6,100,000 755,000 0 0 18,320,000 Vehicle Reserve, Rental Expense 197,000 197,000 Sources less Uses Budget NET $ 566,000 $ 325,000 $ 59,000 $ 5,747,000 $ 27,000 $ 201,000 $ - $ (80,000) $ (91,000) $(4,740,000) Beginning Fund Balance, Budgeted 9,000,000 6,975,000 2,375,000 14,104,000 2,390,000 256,000 - 116,000 350,000 $ 35,566,000 Ending Fund Balance, Budgeted $ 9,566,000 $ 7,300,000 $ 2,434,000 $ 8,357,000 $ ............................... 2,417,000 $ 457,000 $ - $ 36,000 $ 259,000 $ 30,826,000 variance to Goal $ 137,000 94,000 334,000 (2,760,000) (1,443,000) variance to Goal % 1% 1% 16% -20% -4% I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx Bdg by Fund E Yr1 10/23/2025 4:15 PM 1 - Summary and By Fund Schedules - page 4 of 7 Page 226 of 312 Operating Reserve (General) Fund Truckee Donner Public Utility District ELECTRIC Utility by Fund 2027 Budget (year 2) PH 11/5/2025 Rate Deferred Capital Vehicles Facility COP Debt Reserve Liability Reserve Reserve Fees Project Fund Fund Fund Fund Fund Fund Undeslgnated Designated Restricted Restricted Sources $ 49,379,000 $ 279,000 $ 61,000 $ 909,000 $ 1,158,000 $ 193,000 $ - $ Operating Revenue, Rates 47,145,000 Operating Revenue, Other 1,355,000 subtotal 48,500,000 Investment Income 239,000 183,000 61,000 209,000 49,000 11,000 AB32 Auction Sales Facility Fees collected 182,000 Vehicle sales proceeds 184,000 Bond Proceeds - From other Fund: GF to Rate Reserve Replenish 0 GF to Rate Reserve 96,000 GF to Capital Reserve 700,000 GF to Capital Reserve, Vehicles 925,000 LCFS Funds to GF 35,000 AB32 Funds to GF 400,000 Vehicle Reserve, Rental Expense 205,000 Uses $ 49,189,000 $ - $ - $ - $ 2,043,000 $ - $ Operating expenses 19,662,000 Purchased Power 14,969,000 subtotal 34, 631, 000 To other Fund: GF to Rate Reserve Replenish 0 GF to Rate Reserve 96,000 GF to Capital Reserves 700,000 GF to Capital Reserve, Vehicles 925,000 LCFS / AB32 funds to GF Debt Service 431,000 Capital Expenditures 12,406,000 0 1,838,000 0 Vehicle Reserve, Rental Expense 205,000 Sources less Uses Budget NET $ 190,000 $ 279,000 $ 61,000 $ 909,000 $ (885,000) $ 193,000 $ Beginning Fund Balance, Budgeted 9,566,000 7,300,000 2,434,000 8,357,000 2,417,000 457,000 Ending Fund Balance, Budgeted $ 9,756,000 $ 7,579,000 $ 2,495,000 $ .............................................................................................. 9,266,000 $ 1,532,000 $ 650,000 $ variance to Goal $ 327,000 373,000 395,000 (2,736,000) variance to Goal % 3% 5% 19% -20% Electric Utility AB32 Cap & All Funds LCFS Fund Trade Fund Combined Restricted Restricted 23,000 $ 356,000 $ 52,358,000 0 1,000 6,000 759,000 22,000 350,000 372,000 182,000 184,000 0 0 96,000 700,000 925,000 35,000 400,000 19,662,000 14,969,000 34,631,000 0 96,000 700,000 925,000 35,000 400,000 435,000 431,000 0 14,244,000 205,000 IL,VVV • YY,VVV 1p VV I,VVV 36,000 259,000 $ 30,826,000 $ 24,000 $ 215,000 $ 31,517,000 (752, 000) -2% I:\BUDGET\CYB\Central\Summary Budget Sheets.,dsx Bdg by Fund E Yr2 10/23/2025 4:15 PM 1 - Summary and By Fund Schedules - page 5 of 7 Page 227 of 312 Truckee Donner Public Utility District WATER Utility by Fund 2026 Budget (year 1) PH 11/5/2025 GF and Operating Deferred Capital Vehicles Facility Designated General Liability Reserves Reserve Fees Funds, Fund Fund Fund Fund Fund Combined Sources 23,069,000 3,000 143,000 555,000 645,000 24,415,000 Operating Revenue, Rates 22,084,000 22,084,000 Operating Revenue, Other 348,000 348,000 subtotal 22, 432, 000 22, 432, 000 Investment Income 178,000 3,000 143,000 11,000 335,000 Facility Fees collected 645,000 645,000 Vehicle sales proceeds 60,000 60,000 From other Fund: GF to Capital Reserves 0 0 GF to Capital Reserve, Vehicles 484,000 484,000 DL billing surcharge for 2006 COPs DS 100,000 100,000 FF portion of 2006 COPs to GF for DS 359,000 359,000 Uses 23,059,000 - 2,850,000 602,000 359,000 26,870,000 Operating expenses 13,665,000 13,665,000 Interdept Rent 663,000 663,000 subtotal 14, 328, 000 14, 328, 000 To other Fund: GF to Capital Reserves 0 0 GF to Capital Reserve, Vehicles 484,000 484,000 FF portion of 2006 COPs 359,000 359,000 Debt Service 1,984,000 1,984,000 Capital Expenditures 6,263,000 2,850,000 602,000 0 9,715,000 Vehicle Reserve, Rental Expense 0 0 Sources less Uses Budget NET $ 10,000 $ 3,000 $ (2,707,000) $ (47,000) $ 286,000 $ 2,455,000 Beginning Fund Balance, Budgeted $ 7,100,000 $ 125,000 $ 5,700,000 $ 475,000 $ 1,800,000 $ 15,200,000 Ending Fund Balance, Budgeted $ 7,110,000 $ 128,000 $ 2,993,000 $ .......................................................................................... 428,000 $ 2,086,000 $ 12,745,000 variance to Goal $ (54,000) (5,416,000) (4,080,000) variance to Goal % -1% -61% -24% I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx Bdg by Fund W Yrl 10/23/2025 4:15 PM 1 - Summary and By Fund Schedules - page 6 of 7 Page 228 of 312 Truckee Donner Public Utility District WATER Utility by Fund 2027 Budget (year 2) PH 11/5/2025 GF and Operating Deferred Capital Vehicles Facility Designated General Liability Reserves Reserve Fees Funds, Fund Fund Fund Fund Fund Combined Sources 24,617,000 3,000 75,000 342,000 670,000 25,707,000 Operating Revenue, Rates 23,637,000 23,637,000 Operating Revenue, Other 345,000 345,000 subtotal 23, 982, 000 23, 982, 000 Investment Income 178,000 3,000 75,000 15,000 271,000 Facility Fees collected 670,000 670,000 Vehicle sales proceeds 0 0 From other Fund: GF to Capital Reserves 0 0 GF to Capital Reserve, Vehicles 327,000 327,000 DL billing surcharge for 2006 COPs DS 97,000 97,000 FF portion of 2006 COPs to GF for DS 360,000 360,000 Uses 24,259,000 - 1,400,000 - 979,000 26,638,000 Operating expenses 14,336,500 14,336,500 Interdept Rent 688,500 688,500 subtotal 15, 025, 000 15, 025, 000 To other Fund: GF to Capital Reserves 0 0 GF to Capital Reserve, Vehicles 327,000 327,000 FF portion of 2006 COPs 360,000 360,000 Debt Service 1,987,000 1,987,000 Capital Expenditures 6,920,000 1,400,000 0 619,000 8,939,000 Vehicle Reserve, Rental Expense 0 0 Sources less Uses Budget NET $ 358,000 $ 3,000 $ (1,325,000) $ 342,000 $ (309,000) $ 931,000 Beginning Fund Balance, Budgeted $ 7,110,000 $ 128,000 $ 2,993,000 $ 428,000 $ 2,086,000 $ 12,745,000 Ending Fund Balance, Budgeted $ 7,468,000 $ 131,000 $ 1,668,000 $ .......................................................................................... 770,000 $ 1,777,000 $ 11,814,000 variance to Goal $ 304,000 (6,399,000) (5,011,000) variance to Goal % 4% -72% -30% I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx Bdg by Fund W Yr2 10/23/2025 4:15 PM 1 - Summary and By Fund Schedules - page 7 of 7 Page 229 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) ELECTRIC OPERATIONS REVENUE STATEMENT OPERATING REVNUE BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET and OTHER INFLOWS FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Residential Sales $ 23,297,100 $ 20,485,098 $ 24,696,000 $ 1,398,900 6% $ 26,216,200 $ 1,520,200 6% Commercial Sales 16,931,500 15,693,592 17,988,700 1,057,200 6% 19,096,200 1,107,500 6% Interdepartmental Sales 1,769,000 1,492,169 1,745,300 (23,700) -1% 1,832,600 87,300 5% subtotal, Rates Revenue 44,430,000 2,432,400 6% 47,145,000 2,715,000 6% 41,997,600 37,670,860 Miscellaneous Operating Revenue 160,900 244,291 182,000 21,100 13% 184,000 2,000 1% Standby Revenue 15,000 16,039 15,000 0 0% 15,000 0 0% Pole Replacements and Contacts 420,000 454,313 450,000 30,000 7% 467,500 17,500 4% Interdepartmental Rent 607,500 596,625 663,000 55,500 9% 688,500 25,500 4% subtotal, Other Revenue 1,310,000 106,600 9% 1,203,400 1,311,268 1,355,000 45,000 3% TOTAL OPERATING REVENUE 43,201,000 38,982,128 45,740,000 2,539,000 6% 48,500,000 2,760,000 6% Interest Income (General Fund Only) 225,000 279,285 225,000 0 0% 239,000 14,000 6% Transfer in from Vehicle Reserve Fund-Capex 1,369,500 (208,025) 755,000 (614,500) -45% 1,838,000 1,083,000 143% Transfer in from Vehicle Reserve Fund -Expense 197,000 205,000 Transfer in from Capital Reserve Fund 7,200,000 0 6,100,000 (1,100,000) -15% 0 (6,100,000) -100% Transfer in from Facility Fees Fund 500,000 0 0 (500,000) -100% 0 0 - Transfer in from LCFS Fund 0 0 113,000 113,000 - 35,000 (78,000) -69% Transfer in from Rate Reserve 0 0 0 0 - 0 0 - Transfer in from AB32 Reserve Fund 450,000 450,000 450,000 0 0% 400,000 (50,000) -11% TOTAL ELECTRIC REVENUE & OTHER $ IN $ 52,945,500 $ 39,503,388 $ 53,580,000 $ 634,500 1% $ 51,217,000 $ (2,363,000) -4% 10/23/2025 4:16 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx Op Rev-Elec 2 - Electric Utility Summary and Schedules - page 1 of 9 Page 230 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) SUMMARY OF ELECTRIC REVENUES AND EXPENSES BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE ELECTRIC REVENUES & OTHER INFLOWS $52,945,500 $39,503,388 $53,580,000 $634,500 1% $51,217,000 ($2,363,000) -4% ELECTRIC OPERATING EXPENSES Board of Directors 353,667 167,570 369,000 15,333 4% 366,600 (2,400) -1% General Management 1,925,824 1,763,840 1,983,999 58,175 3% 2,097,197 113,198 6% Administrative Services 1,624,192 1,693,916 1,833,352 209,160 13% 1,937,673 104,321 6% Conservation 1,068,733 865,910 1,393,550 324,817 30% 1,398,939 5,389 0% Electric Operations 8,951,943 8,429,706 10,504,616 1,552,673 17% 10,993,928 489,312 5% Information Technology (IT) 1,928,360 1,994,692 1,911,247 (17,113) -1% 1,962,859 51,612 3% Purchased Power 15,450,000 12,982,373 14,412,000 (1,038,000) -7% 14,969,000 557,000 4% Building Maintenance (cost is 100%distributed) 866,381 861,103 862,236 (4,145) 0% 904,804 42,568 5% TOTAL OPERATING EXPENSES $33,270,000 $1,100,900 3% $32,169,100 $28,759,111 $34,631,000 $1,361,000 4% Operating Expenses (excluding Purch.Power) 16,719,100 15,776,738 18,858,000 2,138,900 13% 19,662,000 804,000 4.3% Debt Service 432,000 425,556 429,000 (3,000) -1% 431,000 2,000 0% Transfer to Rate Reserve (standard) 164,000 164,000 0 (164,000) -100% 96,000 96,000 - Transfer to Rate Reserve (replenishment) 376,000 376,000 151,000 (225,000) -60% 0 (151,000) -100% Transfer to Electric Vehicle Reserve 925,000 925,000 844,000 (81,000) -9% 925,000 81,000 10% Transfer to Electric Capital Fund 2,000,000 2,000,000 0 (2,000,000) -100% 700,000 700,000 0% TOTAL EXPENSES & TRANSFERS 36,066,100 32,649,667 34,694,000 (1,372,100) -4% 36,783,000 2,089,000 6% NET AVAILABLE FOR CAPITAL $16,879,400 $6,853,721 $18,886,000 $2,006,600 12% $14,434,000 ($4,452,000) -24% Capital Expenditures (22,501,100) (7,593,471) (18,320,000) 4,181,100 -19% (14,244,000) 4,076,000 -22% Bond Debt Proceeds utilized 6,500,000 - - (6,500,000) -100% - 0 - Net Change in General Fund, Electric $ 878,300 $ (739,750) $ 566,000 (312,300) -36% $ 190,000 (376,000) -66% comments: 10/23/2025 4:16 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx Rev-Exp Sum-Elec 2 - Electric Utility Summary and Schedules - page 2 of 9 Page 231 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) Electric Utility - Operating Expenses - by Type $ in thousands Budget Year FY25 change FY26 change FY27 Gross Wages (Recommended Labor) $ 7,789 15.6% $ 9,004 2.9% $ 9,269 excludes BoD $24k less to WorkOrders/Capital labor (1,562) 27.9% (1,999) -1.0% (1,980) less to Labor Overhead, non-productive labor (1,096) 16.5% (1,277) 3.4% (1,321) vacation/sick/admin/hol. plus board of directors compensation 12 0.0% 12 0.0% 12 50%E/50%W, $24k TL (ccl) Net Operating Expense Labor (wages) 5,142 11.6% 5,740 4.2% 5,981 Overheads charged to Operating Expense 5,587 8.1% 6,038 5.7% 6,383 Construction OH n/a for Op Exp Labor Overhead 4,793 8.5% 5,201 5.9% 5,506 Transporation Overhead 592 7.0% 633 4.1% 659 Administrative Overhead 202 1.1% 204 6.4% 217 Purchased Power(E) / Power Costs (W) 15,450 -6.7% 14,412 3.9% 14,969 Transfers In (Out), net (629) 12.1% (705) 5.8% (747) Const and Admin OH, primarily Building Rent - - - - - n/a for Electric Vendor Expenses 6,619 17.6% 7,785 3.3% 8,045 a. Strategic Initiatives 120 0.0% 120 0.0% 120 electric cost portion (ccl) b. Wildfire Mitigation, veg.mgmt.contractor 2,060 3.0% 2,122 4.0% 2,207 Veg Mgmt Contractor (cc6) c. Conservation 621 60.4% 996 -1.9% 978 (cc4) d. 100 Year Anniversary - - 15 51.0% 23 50%E/50%W (cc2.921.657) e. FERC/Regulatory Consulting/Legal - - 100 0.0% 100 f. Vendor expenses, all other 3,818 16.1% 4,431 4.2% 4,618 Total Operating Expenses $ 32,169 3.4% $ 33,270 4.1% $ 34,631 check $0 $0 $0 (L) primarily Paid Time Off aka Non -Productive wages for Holiday, Vacation, and Sick (LO) Labor Overhead primary components are non-productive wages, pension costs, and health insurance costs. a. vendor cost estimates in budget for moving forward on Strategic Initiatives of the District b. vendor cost budget, excludes Labor and Labor Overhead performing WDS efforts c. vendor cost budget, increased to reflect electric revenue portion related to Conservation regulatory charges 10/23/2025 4:16 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx I Opex-Elec 2 - Electric Utility Summary and Schedules - page 3 of 9 Page 232 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) ELECTRIC EXPENDITURE DETAIL BOARD OF BUDGET PRIOR 12 MOS BUDGET $BUDGET % BUDGET BUDGET $BUDGET % BUDGET DIRECTORS FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Outside Services Employed $160,900 $15,370 $160,000 ($900) -1% $161,500 $1,500 1% This account is utilized to reflect costs associated with the District's general counsel attendance at board meetings and his performance of research on legal issues presented at the board level. Miscellaneous General Expenses 192,767 152,200 209,000 16,233 8% 205,100 (3,900) -2% This account covers compensation and benefits paid to directors, election, annual employee recognition dinner, training and conferences attended by directors, minor office supplies and equipment. TOTAL $353,667 $167,570 $369,000 $15,333 4% $366,600 ($2,400) -1% 10/23/20254:16 PMI:\BUDGET\CYB\Central\Summary Budget Sheets.xlsxCC#1-Elec 2 - Electric Utility Summary and Schedules - page 4 of 9 Page 233 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) ELECTRIC EXPENDITURE DETAIL GENERAL BUDGET PRIOR 12 MOS BUDGET $BUDGET % BUDGET BUDGET $BUDGET % BUDGET MANAGEMENT FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Public Information $151,845 $164,651 $251,396 $99,551 66% This account includes the activities of the PIO plus the website and newsletter. Administrative & General - Salaries 746,922 732,202 688,030 (58,892) -8% This account is used to charge general administrative staff time other than safety and board related activities. Legislature & Regulations 175,284 206,925 159,782 (15,502) -9% This account is for legislation and regulation tracking labor. Office Supplies & Expenses 105,055 89,018 120,500 15,445 15% This account is used to cover cell phone use, computer expenses, dues & memberships including LAFCO and NCPA, industry meetings, office supplies, postage, training, assessment, personnel expenses and safety. Outside Services Employed 204,660 113,502 154,500 (50,160) -25% This account is used to charge the costs of general counsel to review contracts and agreements, property issues, insurance claims, bid issues, capital contract issues and union matters. Injuries & Damages 424,148 394,014 483,741 59,593 14% This account includes labor for department safety meetings and training and the organization's wellness program, and addition of Safety and Risk Coordinator postion FTE starting in Budget 2022 (split 50%E/50%W). General Advertising Expenses 117,910 63,528 126,050 8,140 7% This account is used for the cost of publishing ordinances, surplus material, and other legal ad requirements. Misc General Expenses 0 0 0 0 - This account is used to perform board related activities such as preparing meeting minutes, resolutions and ordinances; it is also charged with dues and memberships in electric utility organizations. $263,510 $12,114 745,298 57,268 169,591 9,809 132,508 12,008 174,580 20,080 480,618 (3,123) 131,092 5,042 0 0- TOTAL $1,925,824 $1,763,840 $1,983,999 $58,175 3% $2,097,197 $113,198 6% ($161,984) -8% 10/23/20254:16 PMI:\BUDGET\CYB\Central\Summary Budget Sheets.xlsxCC#2-Elec 2 - Electric Utility Summary and Schedules - page 5 of 9 Page 234 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) ELECTRIC EXPENDITURE DETAIL ADMINISTRATIVE BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET SERVICES FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Meters/Services Operations Expenses $0 $217 $0 $0 - $0 $0 - This account is used by the meter readers to charge their time to perform meter connects, disconnects and service transfers. Customer Installation Expense 0 0 0 0- 0 0 - This account includes charges for GO165 inspections for the electric department as well as investigations of energy diversion. Customer Account Operations Expense -Salaries 179,057 195,173 198,301 19,244 11% 206,848 8,547 4% This account includes the management staff supervision of the customer service and billing functions. Meter Reading Expense 9,270 0 0 (9,270) -100% 0 0 - This account is used to charge meter reading expenses which includes meter reader labor, overheads, and the hardware and software that supports the meter readers; it also includes their clothing allowance, uniform expenses, vehicle expenses and training. Customer Records & Collections Expense 622,869 617,909 647,438 24,569 4% 690,669 43,231 7% This account includes the major expenses involved in serving our customers. Included are answering and directing phone calls, answering customer questions, customer account setup expenses, taking and processing customer payments, creating connect, disconnect and transfer paperwork for the crews, creating and reviewing bills, expenses related to the printing and mailing of the bills, account collection expense, billing software and hardware support, standby billing expenses, billing equipment maintenance expenses, printed billing and collection forms, billing postage and customer service staff training. Customer Records & Collections - Meter Readers 13,222 1,824 0 (13,222) -100% 0 0 - This account includes the meter readers labor and overheads to deliver 48 hour notices and perform disconnect and reconnects relating to non-payment of utility bills. Provision for Bad Debts 12,275 6,066 10,500 (1,775) -14% 10,920 420 4% This account represents the amount of uncollectable bills for the year. Administrative & Operations General -Salaries 393,686 472,723 454,019 60,333 15% 484,203 30,184 7% This account includes most of the labor for the administration department except meter reading and customer account related expenses. It includes preparation of the budget and financial statements, accounts payable and payroll, construction accounting, cash management activities and processing the daily mail. Office Supplies & Expenses 99,140 107,052 102,250 3,110 3% 106,340 4,090 4% This account includes bank charges, answering service charges, phone charges, computer and network operating expenses, software maintenance and support for the accounting system, printed forms and material, office equipment leases and equipment maintenance expenses. Outside Services Employed 42,767 47,117 48,500 $5,733 13% 47,783 ($717) -1% This account includes any professional services hired from the outside such as audit or accounting services, trust services for our certificates of participation and community facilities districts and arbitrage calculation services for the same. Insurance 220,195 233,987 355,000 134,805 61% 372,500 17,500 5% This account Includes annual insurance premiums for property, liability, umbrella liability, directors & officers liability, difference in conditions, boiler & machinery coverage insurance. Injuries & Damages (Safety) 31,710 11,849 17,344 (14,366) -45% 18,410 1,066 6% This account Includes costs for safety training, Department of Transportation Drug and Alcohol training, worker's compensation expenses for employees who have been injured and safety related equipment. TOTAL $1,624,191 $1,693,916 $1,833,352 $209,161 13% $1,937,673 $104,321 6% $69,725 4% 10/23/20254:16 PMI:\BUDGET\CYB\Central\Summary Budget Sheets.xlsxCC#3-Elec 2- Electric Utility Summary and Schedules - page 6 of 9 Page 235 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) ELECTRIC EXPENDITURE DETAIL BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET CONSERVATION FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE PBC - Residential $277,285 $309,606 $341,826 $64,541 23% $358,271 $16,445 5% PBC - Commercial 240,401 95,121 228,660 (11,741) -5% 243,614 14,954 7% PBC - Education & Outreach 41,326 5,920 37,574 (3,752) -9% 40,493 2,919 8% PBC - Income Qualified 52,429 85,282 105,416 52,987 101% 109,565 4,149 4% PBC - Research & Development 140,366 98,970 264,699 124,333 89% 299,666 34,967 13% PBC - Renewables 165,000 165,000 270,000 105,000 64% 279,000 9,000 3% PB: SB1-CA Solar Initiative 0 0 0 0- 0 0 - LCFS: Residential 37,272 35,207 0 (37,272) -100% 0 0 - LCFS: Commercial 33,003 12,158 0 (33,003) -100% 0 0 - LCFS: Income Qualified 30,179 3,213 113,130 82,951 275% 34,697 (78,433) -69% Public Benefits - Research & Development 0 0 0 0 - 0 0 - ADMIN and Ops General (Payroll) 26,577 38,246 7,878 (18,699) -70% 8,261 383 5% Office Supplies & Expenses 22,155 13,787 21,510 (645) -3% 22,372 862 4% This account includes office supplies, dues, memberships and meeting and training expenses. Injuries & Damages (Safety) 2,740 3,400 2,857 117 4% 3,000 143 5% Safety meetings 930.1 0 TOTAL $1,068,733 $865,910 $1,393,550 $324,817 30% $1,398,939 $5,389 0% ($202,823) -19% 10/23/20254:16 PMI:\BUDGET\CYB\Central\Summary Budget Sheets.xlsxCC#4-Elec 2 - Electric Utility Summary and Schedules - page 7 of 9 Page 236 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) ELECTRIC EXPENDITURE DETAIL ELECTRIC BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET OPERATIONS FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Operations/PM Sup & Engineering $1,238,327 $1,375,139 $2,078,506 $840,179 68% $2,202,225 $123,719 6% This account is utilized by the electric superintendent and electric engineer for supervision, engineering and management of District electric operations and electric projects. It also includes design and engineering labor of District electric projects. Substation Operations/PM 480,107 209,167 3,870,505 3,390,398 706% 3,984,097 113,592 3% This account Includes all work done on, and within, substations including snow removal, maintenance, repairs and associated materials and employee training. Distribution Operations/PM 3,448,266 4,097,006 3,858,000 409,734 12% 4,012,440 154,440 This account Includes all maintenance work such as mandated programs (including wildfire mitigation), pole testing, tree trimming, pole clearing, small tools and employee training. Meter Operations/PM 267,013 171,664 0 (267,013) -100% 0 0 - This account includes connecting and disconnecting meters, checking the operation of demand meters, meter audits where we verify the wiring and accuracy of commercial meter installations, rebuilding of old commercial meter installations and training of meter technicians. Customer Installation Operations/PM 143,154 0 0 (143,154) -100% 0 0 - This account primarily includes the inspection of new residential services including checks of wiring code compliance. It is also used to do field investigations of customer high bill complaints, voltage irregularities and energy diversion. Misc General Operations/PM 846,956 833,785 0 (846,956) -100% 0 0 - This account includes testing of transformer oil to determine PCB content, GIS mapping of the electric system, SCADA repairs and maintenance, cell phones qne pages. It also includes computer hardware and software maintenance, clothing allowance, DMV physicals, meals, uniforms, land fill charges, meeting expenses, advertising, new employee testing, employee development and training, and Underground Service Alert marking of utilities. Maintenance of Distribution Lines 1,651,477 1,080,246 0 (1,651,477) -100% 0 0 - This account primarily includes labor and material material for recloser repair, distribution line repair, damage tree clearing, standby labor and storm damage repair. Professional Services 376,980 245,167 0 (376,980) -100% 0 0 - This account includes payments to Energy Source and Power Supply consultants. It also includes UAMPS expenditures. 4% Injuries & Damages (Safety) 334,458 283,940 0 (334,458) -100% 0 0 - This account Includes labor for safety meetings, safety equipment and safety meeting/training expenses. Regulatory Commission Expense 165,205 133,594 697,605 532,400 322% 795,166 97,561 14% This account includes staff labor and legal fees for any FERC activity. TOTAL $8,951,943 $8,429,706 $10,504,616 $1,552,673 17% $10,993,928 $489,312 5% ($522,237) -6% 10/23/20254:16 PMI:\BUDGET\CYB\Central\Summary Budget Sheets.xlsxCC#6-Elec 2 - Electric Utility Summary and Schedules - page 8 of 9 Page 237 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) ELECTRIC EXPENDITURE DETAIL BUDGET PRIOR 12 MOS BUDGET $BUDGET %BUDGET BUDGET $BUDGET %BUDGET INFORMATION TECHNOLOGY IT FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Engineering & SCADA Operations _ $213,674 $263,661 $274,550 $60,876 28% $287,281 $12,731 5% Management and Engineering support. GIS/Engineering Operations 308,833 211,086 274,074 (34,759) -11% 222,396 (51,678) -19% supports engineering and SCADA. Meter Reading 157,789 142,257 158,862 1,073 1% 165,904 7,042 4% supports meter technology and AMI. Customer Records 203,385 198,890 194,066 (9,319) -5% 202,570 8,504 4% supports Customer Information and Customers. Administrative & General IT Ops 957,580 1,082,453 922,585 (34,995) -4% 993,759 71,174 8% infrastructure that supports data transport, storage and Office Supplies & Expenses 38,563 34,328 37,440 (1,123) -3% 38,938 1,498 4% meeting and training expenses. Outside Services Employed 25,750 31,617 25,000 (750) -3% 26,000 1,000 4% This account is for outside professional services contracted to maintain hardware, software and data. Safety 22,786 30,400 24,670 1,884 8% 26,011 1,341 5% This account includes department labor for safety meetings, safety equipment and training expenses. TOTAL $1,928,360 $1,994,692 $1,911,247 ($17,113) -1% $1,962,859 $51,612 3% $66,332 3% 10/23/20254:16 PMI:\BUDGET\CYB\Central\Summary Budget Sheets.xlsxCC#9-Electric 2 - Electric Utility Summary and Schedules - page 9 of 9 Page 238 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) WATER OPERATIONS REVENUE STATEMENT OPERATING REVNUE BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET and OTHER INFLOWs FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Residential Sales $ 17,930,200 $ 17,581,271 $ 19,507,600 $ 1,577,400 9% $ 20,879,400 $1,371,800 7% Commercial Sales 2,269,400 2,315,633 2,576,400 307,000 14% 2,757,600 181,200 7% subtotal, Rates Revenue 20,199,600 19,896,904 22,084,000 1,884,400 9% 23,637,000 1,553,000 7% Misc. Operating Revenue 188,000 279,269 198,400 10,400 6% 199,000 600 0% Miscellaneous Rents 66,200 0 54,500 (11,700) -18% 54,800 300 1% Standby Revenue 91,200 99,441 95,100 3,900 4% 91,200 (3,900) -4% subtotal, Other Revenue 345,400 378,710 348,000 2,600 1% 345,000 (3,000) -1% TOTAL OPERATING REVENUE 20,545,000 20,275,614 22,432,000 1,887,000 9% 23,982,000 1,550,000 7% Interest Income (General Fund only) 198,991 324,396 178,000 (20,991) -11% 178,000 0 0% Transfer in from Facilities Fees - for Debt 2006 COP 360,884 360,884 359,000 (1,884) -1% 360,000 1,000 0% Transfer in from Facilities Fees - for capital projects 1,259,000 624,235 0 (1,259,000) 100% 619,000 619,000 - Tnfx In DLAD billing surcharge - 2006 COPs (not in OpRev) 97,925 98,504 100,000 2,075 2% 97,000 (3,000) -3% Transfer in from Capital Reserve Fund 1,400,000 0 2,850,000 1,450,000 104% 1,400,000 (1,450,000) -51% Transfer in from Vehicle Reserve Fund 392,600 270,000 602,000 209,400 53% 0 (602,000) 100% TOTAL WATER REVENUE & OTHER $ IN $ 24,254,400 $ 21,953,633 $ 26,521,000 $ 2,266,600 9% $ 26,636,000 $ 115,000 0% 10/23/2025 4:17 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx Op Rev-Wtr 3 - Water Utility Summary and Schedules - page 1 of 9 Page 239 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) SUMMARY OF WATER REVENUES AND EXPENSES BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE WATER REVENUES & OTHER INFLOWS $24,254,400 $21,953,633 $26,521,000 $2,266,600 9% $26,636,000 $115,000 0% WATER OPERATING EXPENSES Board of Directors 273,673 164,661 289,000 15,327 6% 286,600 (2,400) -1% General Management 1,761,443 1,447,320 1,820,615 59,172 3% 1,926,738 106,123 6% Administrative Services 1,795,666 1,780,398 2,037,098 241,432 13% 2,152,218 115,120 6% Conservation 152,974 63,013 150,648 (2,326) -2% 173,009 22,361 15% Water Operations 8,059,896 8,116,008 8,295,774 235,878 3% 8,661,563 365,789 4% Information Technology (IT) 1,072,248 1,167,802 1,071,865 (383) 0% 1,136,372 64,507 6% Interdepartmental Rent (Appendix I) 607,500 596,625 663,000 55,500 9% 688,500 25,500 4% TOTAL OPERATING EXPENSES $13,723,400 $13,335,827 $14,328,000 $604,600 4% $15,025,000 $697,000 5% Debt Service (Appendix IX) 1,990,600 3,215,064 1,984,000 (6,600) 0% 1,987,000 3,000 0% Transfer to Vehicle Reserve Fund 327,000 279,950 484,000 157,000 48% 327,000 (157,000) -32% Transfer to Capital Reserve 250,000 1,015,747 0 (250,000) -100% 0 0 - TOTAL EXPENSES & TRANSFERS $16,291,000 $17,846,588 $16,796,000 $505,000 3% $17,339,000 543,000 3% NET AVAILABLE FOR CAPITAL $7,963,400 $4,107,045 $9,725,000 $1,761,600 22% $9,297,000 ($428,000) -4% Capital Expenditures (8,064,700) (5,972,524) (9,715,000) (1,650,300) 20% (8,939,000) 776,000 -8% Bond Debt Proceeds Utilized - - - 0 - - 0 - Net Change in General Fund, Water $ (101,300) $ (1,865,479) $ 10,000 111,300 -110% $ 358,000 348,000 3480% 10/23/2025 4:17 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx Rev-Exp Sum-Wtr 3 - Water Utility Summary and Schedules - page 2 of 9 Page 240 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) Water Utility - Operating Expenses - by Type $ in thousands Budget Year FY25 change FY26 change FY27 Gross Wages (Recommended Labor) $ 5,001 7.6% $ 5,380 6.3% $ 5,718 excludes BoD $24k less to WorkOrders/Capital labor (164) -1.6% (162) 46.7% (237) less to Labor Overhead, non-productive labor (660) 15.6% (763) 6.8% (815) vacation/sick/admin/hol. plus board of directors compensation 12 0.0% 12 0.0% 12 50%E/50%W, $24k TL (ccl) Net Operating Expense Labor (wages) 4,189 6.6% 4,467 4.7% 4,678 Overheads charged to Operating Expense 4,517 9.3% 4,938 6.1% 5,239 Construction OH n/a for Op Exp Labor Overhead 3,691 9.6% 4,044 6.4% 4,303 Transporation Overhead 672 9.5% 736 4.1% 766 Administrative Overhead 154 3.2% 158 7.0% 170 Purchased Power(E) / Power Supply(W) 1,909 -3.4% 1,845 5.0% 1,938 electricty costs primarily (VE) Transfers In (Out), net (1,722) 4.2% (1,794) 4.1% (1,868) Fleet Alloc primarily Building Rent 608 9.1% 663 3.8% 689 paid to electric utility Vendor Expenses (VE) 4,224 -0.4% 4,209 3.4% 4,350 a. Strategic Initiatives 40 0.0% 40 0.0% 40 water cost portion (ccl) b. - C. - - d. 100 Year Anniversary - - 15 51.0% 23 50%E/50%W (cc2.921.657) e. Vendor expenses, all other 4,184 -0.7% 4,154 3.2% 4,288 Total Operating Expenses $ 13,723 4.4% $ 14,328 4.9% $ 15,025 check $ 0 $ 0 $ 0 (L) primarily Paid Time Off aka Non -Productive wages for Holiday, Vacation, and Sick (LO) Labor Overhead primary components are non-productive wages, pension costs, and health insurance costs. a. vendor cost estimates in budget for moving forward on Strategic Initiatives of the District b. c. 10/23/2025 4:17 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx I Opex-Water 3 - Water Utility Summary and Schedules - page 3 of 9 Page 241 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) WATER EXPENDITURE DETAIL BOARD OF BUDGET PRIOR 12 MOS BUDGET $BUDGET % BUDGET BUDGET $BUDGET % BUDGET DIRECTORS FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Outside Services Employed $80,900 $12,805 $80,000 ($900) -1% $81,500 $1,500 2% This account is utilized to reflect costs associated with the District's general counsel attendance at Board meetings and his performance of research on legal issues presented at the Board level. Miscellaneous General Expenses 192,773 151,855 209,000 16,227 8% 205,100 ($3,900) -2% This account covers compensation and benefits paid to Directors, election, annual employee recognition dinner, training and conferences attended by Directors, minor office supplies and equipment. TOTAL $273,673 $164,661 $289,000 $15,327 6% $286,600 ($2,400) -1% 10/23/2025 4:17 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx CC#1-Water 3 - Water Utility Summary and Schedules - page 4 of 9 Page 242 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) WATER EXPENDITURE DETAIL GENERAL BUDGET PRIOR12MOS BUDGET $BUDGET % BUDGET BUDGET $BUDGET % BUDGET MANAGEMENT FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Public Information $151,842 $119,487 $203,657 $51,815 34% $213,471 $9,814 5% This account includes the activities of the PIO plus the website and newsletter. Administrative & General- Salaries 746,916 593,726 688,018 (58,898) -8% 745,291 57,273 8% This account is used to charge general administrative staff time other than safety and board related activities. Legislature & Regulations 86,231 77,658 107,104 20,873 24% 114,613 7,509 7% This account is for legislation and regulation tracking labor. Office Supplies & Expenses 105,050 92,112 120,500 15,450 15% 132,507 12,007 10% This account is used to cover cell phone use, computer expenses, dues & memberships including LAFCO, industry meetings, office supplies, postage, training, assessment, personnel expenses and safety . Outside Services Employed 167,580 139,331 148,500 (19,080) -11% 168,340 19,840 13% This account is used to charge the costs of general counsel to review contracts and agreements, property issues, insurance claims, bid issues, capital contract issues and union matters. Injuries & Damages (Safety) 424,179 388,541 483,736 59,557 14% 480,652 (3,084) -1% This account includes labor for department safety meetings and training and the organization's wellness program, and addition of Safety and Risk Coordinator postion FTE starting in Budget 2022 (split 50%E/50%W). General Advertising Expenses 79,645 36,465 69,100 (10,545) -13% 71,864 2,764 4% This account is used for the cost of publishing ordinances, surplus material, and other legal ad requirements. Misc General Expenses 0 0 0 0- 0 0 - Used to perform board related activities such as preparing meeting minutes, resolutions and ordinances; it is also charged with dues and memberships in electric utility industry organizations. TOTAL $1,761,443 $1,447,320 $1,820,615 $59,172 3% $1,926,738 $106,123 6% ($314,123) -18% 10/23/2025 4:17 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx CC#2-Water 3 - Water Utility Summary and Schedules - page 5 of 9 Page 243 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) WATER EXPENDITURE DETAIL ADMINISTRATIVE BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET SERVICES FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Meters/Services Operations Expenses $0 $0 $0 $0 - $0 $0 - This account is used by the meter readers to charge their time to perform meter connects, disconnects and service transfers. It is also used for investigating customer high bill complaints. Customer Account Operations Expense -Salaries 179,053 195,079 198,296 19,243 11% 206,844 8,548 4% This account includes the management staff supervision of the customer service and billing functions. Meter Reading Expense 1,133 0 0 (1,133) -100% 0 0 - This account is used to charge meter reading expenses which includes meter reader labor, overheads, and the hardware and software that supports the meter readers; it also includes their clothing allowance, uniform expenses, vehicle expenses and training. Customer Records & Collections Expense 622,857 611,687 647,428 24,571 4% 690,660 43,232 7% This account includes the major expenses involved in serving our customers. Included are answering and directing phone calls, answering customer questions, customer account setup expenses, taking and processing customer payments, creating connect, disconnect and transfer paperwork for the crews, creating and reviewing bills, expenses related to the printing and mailing of the bills, account collection expense, billing software and hardware support, standby billing expenses, billing equipment maintenance expenses, printed billing and collection forms, billing postage and customer service staff training. Provision for Bad Debts 7,725 4,048 4,500 (3,225) -42% 4,680 180 4% This account represents the amount of uncollectable bills for the year. Administrative & Operations General -Salaries 593,672 576,040 663,781 70,109 12% 704,284 40,503 6% This account includes most of the labor for the administration department except meter reading and customer account related expenses. It includes preparation of the budget and financial statements, accounts payable and payroll, construction accounting, cash management activities, processing the daily mail. Office Supplies & Expenses 90,482 97,889 93,250 2,768 3% 96,980 3,730 4% This account includes bank charges, answering service charges, phone charges, computer and network operating expenses, software maintenance and support for the accounting system, printed forms and material, office equipment leases and equipment maintenance expenses. Outside Services Employed 42,661 40,318 50,500 $7,839 18% 49,862 (638) -1% This account includes any professional services hired from the outside such as audit or accounting services, trust services for our certificates of participation and community facilities districts and arbitrage calculation services for the same. Insurance 226,375 243,961 362,000 135,625 60% 380,500 18,500 5% This account Includes annual insurance premiums for property, liability, umbrella liability, directors & officers liability, difference in conditions, boiler & machinery coverage insurance. Injuries & Damages (Safety) 31,708 11,378 17,343 (14,365) -45% 18,408 1,065 6% This account Includes costs for safety training, Department of Transportation Drug and Alcohol training, worker's compensation expenses for employees who have been injured and safety related equipment. TOTAL $1,795,666 $1,780,398 $2,037,098 $241,432 13% $2,152,218 $115,120 6% ($15,268) -1% 10/23/2025 4:17 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx CC#3-Water 3 - Water Utility Summary and Schedules - page 6 of 9 Page 244 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) WATER EXPENDITURE DETAIL BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET CONSERVATION FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE PB Water Conservation - Residential $90,934 $45,017 $97,794 6,860 8% $124,367 26,573 27% This account includes water conservation & efficiency PB Water Conservation - Commercial $46,442 $7,616 $36,066 (10,376) -22% $32,030 (4,036) -11% This account includes water conservation & efficiency PB Water Conservation - Education & Outreach $7,416 $734 $3,680 (3,736) -50% $2,814 (866) -24% This account includes water conservation & efficiency Admin & General Salaries 2,954 8,376 10,396 7,442 252% 10,982 586 6% This account includes the administrative salaries to perform Office Supplies & Expenses 0 0 2,390 2,390 - 2,484 94 4% This account includes office supplies, dues, memberships and Injuries & Damages (Safety) 5,228 1,271 322 (4,906) -94% 332 10 3% Safety meetings TOTAL $152,974 $63,013 $150,648 ($2,326) -2% $173,009 $22,361 15% ($89,961) -59% 10/23/2025 4:17 PM I:\BUDGeT\cYB\Central\Summary Budget Sheets.xlsx CC#4-Water 3 - Water Utility Summary and Schedules - page 7 of 9 Page 245 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) WATER EXPENDITURE DETAIL WATER BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET OPERATIONS FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Operations Supervision & Engineering $675,405 $771,420 $686,918 $11,513 2% $726,626 $39,708 6% This account is utilized by the water manager, superintendent and engineer for supervision, engineering and management of District water system. Facilities Operations (source of supply Ops) 1,799,877 2,472,748 1,914,806 114,929 6% 1,973,106 58,300 3% This account includes the operation of wells, pump stations, water treatment, water quality, DHS reports and fees and water quality reports. It also includes snow removal and related employee training. Power Supply 1,954,542 1,636,716 1,858,439 (96,103) -5% 1,951,679 93,240 5% This account includes the cost of electrical power for the operation of the wells and pump stations. Distribution Operations/PM 2,321,358 2,112,574 2,454,188 132,830 6% 2,567,242 113,054 5% This account includes the labor and materials to operate the water distribution system. Meters/Service Operation 475,809 396,899 502,090 26,281 6% 522,147 20,057 4% Misc General Operations/PM 712,809 591,038 753,810 41,001 6% 788,815 35,005 5% This account includes a variety of items such as environmental compliance, GIS mapping of the water system, SCADA repairs and maintenance, cell phones, pagers, computer hardware and software, clothing allowance, DMV physicals, meals, uniforms, land fill charges, meeting expenses, advertising and testing for new employees, training, and Underground Service Alert marking of utilities and associated fees and costs. Maintenance of Operations Sup & Engineering 0 0 0 0 - 0 0 - Used by water manager, superintendent and engineer for supervision, engineering and management of District water system. Maintenance of Sources 0 0 0 0- 0 0 - This account includes the maintenance and repair of pumps, motors, electrical control equipment and building repair. Maintenance of Distribution Lines 0 0 0 0 - 0 0 - This account includes the maintenance and repair of distribution line leaks, broken fire hydrants, etc. Injuries & Damages 120,096 134,613 125,523 5,427 5% 131,948 6,425 5% This account includes labor for safety meetings, equipment and training expenses. Maintenance of District Office Building (Div 1) 866,381 861,103 862,236 (4,145) 0% 904,804 42,568 5% TOTAL $8,926,277 $8,977,111 $9,158,010 231,733 3% $9,566,367 $408,357 4% $50,834 1% Total, excluding Maintenance of D.O.B. $8,059,896 $8,116,008 $8,295,774 235,878 2.9% $8,661,563 365,789 4.4% $56,112 1% 10/23/2025 4:17 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx CC#7-Water 3 - Water Utility Summary and Schedules - page 8 of 9 Page 246 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) WATER EXPENDITURE DETAIL BUDGET PRIOR 12 MOS BUDGET $ BUDGET % BUDGET BUDGET $ BUDGET % BUDGET INFORMATION TECHNOLOGY (IT) FY25 ENDING 7.2025 FY26 CHANGE CHANGE FY27 CHANGE CHANGE Engineering & SCADA Operations $174,458 $250,610 $213,322 $38,864 22% $223,464 $10,142 5% _ Management and Engineering support. GIS/Engineering Operations 121,673 79,154 106,677 (14,996) -12% 111,430 4,753 4% supports engineering and SCADA. Meter Reading 55,613 62,543 55,888 275 0% 58,352 2,464 4% supports meter technology and AMI. Customer Records 135,593 132,587 129,376 (6,217) -5% 135,047 5,671 4% supports Customer Information and Customers. Administrative & General IT Ops 515,612 577,271 496,773 (18,839) -4% 535,103 38,330 8% infrastructure that supports data transport, storage and Office Supplies & Expenses 20,765 18,484 20,160 (605) -3% 20,966 806 4% meeting and training expenses. Outside Services Employed 25,750 16,782 25,000 (750) -3% 26,000 1,000 4% This account is for outside professional services contracted to maintain hardware, software and data. Safety 22,784 30,371 24,669 1,885 8% 26,010 1,341 5% This account includes department labor for safety meetings, safety equipment and training expenses. TOTAL $1,072,248 $1,167,802 $1,071,865 ($383) 0% $1,136,372 $64,507 6% $95,554 9% 10/23/2025 4:17 PM I:\BUDGET\CYB\Central\Summary Budget Sheets.xlsx CC#9-Water 3 - Water Utility Summary and Schedules - page 9 of 9 Page 247 of 312 Truckee Donner Public Utility District TDPUD Capital Budget 2026 & 2027 and Forecast 2028-2035 (11/5/2025 PH) Capital Expenditures Summary ELECTRIC Division, by Funding Source 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 10 YR TOTALS Electric Department Expenditures: Facility Fees 0 0 0 0 0 0 0 0 0 0 0 Operating (Rates) 16,675,000 11,887,000 12,960,000 11,630,000 13,790,000 11,347,000 11,624,000 11,909,000 12,203,000 10,516,000 124,541,000 0 subtotal (see subschedule for projects) 16,675,000 11,887,000 12,960,000 11,630,000 13,790,000 11,347,000 11,624,000 11,909,000 12,203,000 10,516,000 124,541,000 Information Technology projects 890,000 519,000 262,000 183,000 674,000 335,000 266,000 187,000 716,000 315,000 4,347,000 funded from Operating (Rates) (see subschedule for projects) Vehicle Reserves Expenditures 755,000 1,838,000 379,000 1,034,000 120,000 362,000 754,000 371,000 481,000 357,000 6,451,000 funded from Vehicle Reserves (via Rates) (see subschedule for projects) Capital Expenditures, electric 18,320,000 14,244,000 13,601,000 12,847,000 14,584,000 12,044,000 12,644,000 12,467,000 13,400,000 11,188,000 135,339,000 Excluding Land/Bldg related 15, 405, 000 11, 644, 000 13, 501, 000 12, 747, 000 14, 484, 000 11, 944, 000 12, 544, 000 12, 367, 000 13, 300, 000 11, 088, 000 129, 024, 000 Electric Division Total $ 18,320,000 $ 14,244,000 $ 13,601,000 $ 12,847,000 $ 14,584,000 $ 12,044,000 $ 12,644,000 $ 12,467,000 $ 13,400,000 $ 11,188,000 $ 135,339,000 excludes Contributed Capital WATER Division by Funding Source 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 10 YR TOTALS Water Department Expenditures: Facility Fees 0 619,000 0 535,572 0 550,694 0 504,834 0 703,019 2,913,119 Operating (Rates) and/or Capital Rsv. use 8,423,000 8,001,000 8,238,000 8,024,428 8,180,000 7,398,306 8,614,000 7,323,166 7,293,000 7,129,981 78,624,881 subtotal (see subschedule for projects) $ 8,423,000 $ 8,620,000 $ 8,238,000 $ 8,560,000 $ 8,180,000 $ 7,949,000 $ 8,614,000 $ 7,828,000 $ 7,293,000 $ 7,833,000 $ 81,538,000 Information Technology projects 690,000 319,000 262,000 183,000 674,000 335,000 266,000 187,000 716,000 315,000 3,947,000 funded from Operating (Rates) (see subschedule for projects) Vehicle Reserves Expenditures 602,000 0 302,000 0 634,000 81,000 64,000 285,000 914,000 0 2,882,000 funded from Vehicle Reserves (via Rates) (see subschedule for projects) Capital Expenditures, subtotal 9,715,000 8,939,000 8,802,000 8,743,000 9,488,000 8,365,000 8,944,000 8,300,000 8,923,000 8,148,000 88,367,000 Water Division Total $ 9,715,000 $ 8,939,000 $ 8,802,000 $ 8,743,000 $ 9,488,000 $ 8,365,000 $ 8,944,000 $ 8,300,000 $ 8,923,000 $ 8,148,000 $ 88,367,000 excludes Contributed Capital 10/24/2025 11:24 AM l:\BUDGET\CYB\Capital\Capital Plan for Budget.xlsm 10yr Summary 4 - Capital Expenditures - page 1 of 10 Page 248 of 312 Truckee Donner Public Utility District TDPUD Capital Budget 2026 & 2027 and Forecast 2028-2035 (11/5/2025 PH) ELECTRIC Department ow 10 YR Total 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 ref Major Work Category (MWC) Emergency 1 *Storm Damage, Car v. Poles/Padmounted Equipment, transformer $ 1,719,582 $ 150,000 154,500 $ 159,135 $ 163,909 $ 168,826 $ 173,891 $ 179,108 $ 184,481 $ 190,016 $ 195,716 or cable/wire failures, dig -ins Planned Pole Replacements 2 1,146,388 100,000 103,000 106,090 109,273 112,551 115,927 119,405 122,987 126,677 130,477 * Pole replacements resulting from failed inspections System Reliability/Capacity/Wildfire 3 Mitigation 68,783,276 6,000,000 6,180,000 6,365,400 6,556,362 6,753,053 6,955,644 7,164,314 7,379,243 7,600,620 7,828,639 *Rebuild and Hardening of -6 miles of OH per year Capital Maintenance & System Upgrades *System Capacity Projects *Protection Device Upgrades 4 *Installation of Reclosers, switches, and SCADA controlled 5,379,553 300,000 500,000 515,000 530,450 546,364 562,754 579,637 597,026 614,937 633,385 equipment *Replacement of Copper Conductors Major Projects *Glenshire/Truckee Feeder Tie Project 5 *Freeway, River, Railroad Crossing Rebuilds 2,340,523 100,000 300,000 - - 300,000 309,000 318,270 327,818 337,653 347,782 *Transmission Rebuiild *Undererounding Proiects 6 *Battery Energy Storage System (BESS) 4,000,000 - - 2,000,000 2,000,000 - - - - - - Martis Valley Substation Rebuild 7 3,000,000 3,000,000 - - - - - - - - - *2026 Scope of Rebuild Project SCADA & Grid Technology 8 *Pole Line Sensors 6,477,146 1,000,000 1,030,000 1,060,900 1,092,727 1,125,509 220,000 226,600 233,398 240,400 247,612 *SCADA Hardware Upgrades *Field Device Communications New Business/Joint Projects g *Town of Truckee School St./E St.Undergrounding 5,129,553 50,000 500,000 515,000 530,450 546,364 562,754 579,637 597,026 614,937 633,385 *Town of Truckee Jibboom St. Project *Town of Truckee East/West River St. Future Proiects Capital Equipment/Tools 10 573,194 50,000 51,500 53,045 54,636 56,275 57,964 59,703 61,494 63,339 65,239 *Procurement of specialized tools or tools over $1ok Meter Replacement & AMI Upgrades 11 *Annual Meter Replacement Costs 70,000 10,000 10,000 20,000 20,000 - - - - - 10,000 12 *AMI Meter Replacments Begininning in 2030 10,000,000 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 SCADA Reliability Improvement Projects (SRIP) - 13 Fiber [IT portion of Project] 6,750,000 2,750,000 200,000 1,800,000 200,000 1,800,000 14 15 CONTINGENCY 2,856,786 250,000 258,000 265,430 272,193 281,059 289,065 297,326 305,526 314,422 323,765 16 - 17 District Building EV Charging Infrastructure upgrades 300,000 300,000 - - - - - - - - - 18 District Building Tire Storage Unit with Racking 15,000 15,000 - - - - - - - - - 19 District Building Other/Contingency 1,000,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 20 Land/Building (Capital Reserve) 5,000,000 2,500,000 2,500,000 - - - - - - - - 21 Land/Buildinq (2022 Debt Proceeds Use) - - - - - - - - - - - 22 Land/Building (current rates) - - - - - - - - - - - 23 ELECTRIC DEPARTMENT TOTAL: $ 124,541,000 $ I 16,675,000 $ 11,887,000 $ 12,960,000 $ 11,630,000 $ 13,790,000 $ 11,347,000 $ 11,624,000 $ 11,909,000 $ 12,203,000 $ 10,516,000 10YR TOTALS 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Operating (Rates) 124,541,000 16,675,000 11,887,000 12,960,000 11,630,000 13,790,000 11,347,000 11,624,000 11,909,000 12,203,000 10,516,000 ELECTRIC DEPARTMENT TOTAL: $ 124,541,000 $ 16,675,000 $ 11,887,000 $ 12,960,000 $ 11,630,000 $ 13,790,000 $ 11,347,000 $ 11,624,000 $ 11,909,000 $ 12,203,000 $ 10,516,000 Electric System subtotal (rows 1-16 118,226,000 13,760,000 9,287,000 12,860,000 11,530,0001 13,690,000 I 11,247,0001 11,524,0001 11,809,0001 12,103,0001 10,416,000 4 - Capital Expenditures - page 2 of 10 Page 249 of 312 Truckee Donner Public Utility District TDPUD Capital Budget 2026 & 2027 and Forecast 2028-2035 (11/5/2025 PH) Funding 1 Oyr Total 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 ref Source Project Type Oh W :1' 17 terWater Uti ity projects - - - - - - - - - - - 18 Rates Water SCADA 1,381,000 120,000 124,000 128,000 132,000 136,000 140,000 144,000 148,000 152,000 157,000 19 Rates Generator - 20 Rates Facilities (asphalt overlay/replace) 1,381,000 120,000 124,000 128,000 s 132,000 s 136,000 s 140,000 s 144,000 s 148,000 s 152,000 s 157,000 21 Rates Facilities (bldg roof/hardening) 1,141,000 100,000 103,000 106,000 s 109,000 s 112,000 s 115,000 s 118,000 s 122,000 s 126,000 s 130,000 22 Rates Equipment 295,000 25,000 26,000 27,000 s 28,000 s 29,000 s 30,000 s 31,000 s 32,000 s 33,000 s 34,000 23 Rates CONTINGENCY 572,979 50,275 52,286 53,571 s 54,939 s 57,173 s 58,720 s 59,678 s 60,606 s 61,922 s 63,809 24 Rates 25 Rates Capital Improvement Plan full update 215,000 100,000 s 115,000 26 Rates Meter Rebuild 27 Rates Meter MTUs and Rebuilds 2,292,000 200,000 206,000 212,000 s 218,000 s 225,000 s 232,000 s 239,000 s 246,000 s 253,000 s 261,000 28 29 ORD Pipeline Replacement 30 ORD New Tank - 31 ORD Well Replacement - 32 ORD Pump Station Replacement - 33 - - - - - - - WATER DEPARTMENT TOTAL: $ 81,538,000 $ 8,423,000 $ 8,620,000 $ 8,238,000 $ 8,560,000 $ 8,180,000 $ 7,949,000 $ 8,614,000 $ 7,828,000 $ 7,293,000 $ 7,833,000 by Funding Source Totals 10 YR TOTALS 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 FF Facility Fees 2,913,119 s 619,000 s 535,572 s 550,694 s 504,834 s 703,019 Rates Operating (Rates/CapReserves) 78,624,881 s 8,423,000 s 8,001,000 s 8,238,000 s 8,024,428 s 8,180,000 s 7,398,306 s 8,614,000 s 7,323,166 s 7,293,000 s 7,129,981 ORD Operating (Rates) Debt Issuance - 0 WATER DEPARTMENT TOTAL: $ 81,538,000 i $ 8,423,000 i $ 8,620,000 i $ 8,238,000 i $ 8,560,000 $ 8,180,000 i $ 7,949,000 i $ 8,614,000 i $ 7,828,000 i $ 7,293,000 i $ 7,833,000 Note - this schedule excludes Contributed Capital, IT and Vehicle projects. 4 - Capital Expenditures - page 3 of 10 Page 250 of 312 Water Division: 2024 - 2033 Capital Improvement Projects List WATER DEPARMENT - TOTALS by YEAR and Funding Source TDPUD Capital Budget 2026 & 2027 and Forecast 2028-2035 (11/5/2025 PH) Year Note - this schedule excludes Contributed Capital and Vehicle projects. New Debt Financed Facility Capital Other Rates Rates Fees Reserve Sources OR ORD FF CR OS Total 2026 7,807,725 0 0f 0 0 7,807,725 2027 7,365,714 0 619,000 0 0 7,984,714 2028 7,583,429 0 0 0 0 7,583,429 2029 7,250,489 0 535,572 0 0 7,786,061 2030 7,484,827 0 0 0 0 7,484,827 2031 6,682,586 0 550,694 0 0 7,233,280 2032 7,878,322 0 0 0 0 7,878,322 2033 6,451,560 0 504,834 0 0 6,956,394 2034 6,515,078 0 0 0 0 6,515,078 2035 6,327,172 0 703,019 0 0 7,030,191 10 yr Total 71,346,902 0 2,913,119 0 0 74,260,021 FUNDING UNIT CONSTRUCTION FACILITY TYPE DESCRIPTION LENGTH, FT DIAM, IN YEAR SOURCE JUSTIFICATION QUANTITY UNITS COST COST 2026 PROJECTS Pipeline Rehabilitation Northwoods / Zermatt, Northwoods I Driving Range, Skybowl Condos, and Hwy 89 / Rainbow Intertie Pipeline Construction (Slipline) las revised 8/121 3600++ Various 2026 TDPUD Rates Life -Cycle Replacement 5166 feet $ 450.00 $ 2,324,750 Tank Rehabilitation Donner Trails (0.16 MG) NA NA 2026 TDPUD Rates Life -Cycle Maintenance 1 EA $ 302,493.78 $ 302,494 Tank Rehabilitation The Strand 2 (0.32 MG) NA NA 2026 TDPUD Rates Life -Cycle Maintenance 1 EA $ 511,261.72 $ 511,262 Pump Station Replacement Martiswoods Pump Station Replacement NA NA 2026 TDPUD Rates Life -Cycle Replacement 1 EA $ 2,291,013.31 $ 2,291,013 Pump Station Replacement InnsBruck Pump Station Replacement NA NA 2026 TDPUC Rates Life -Cycle Replacement 1 EA $ 2,378,205.96 $ 2,378,206 2026 Total $ 7,807,725 2027 PROJECTS (Airport Well Replacement Option) Pipeline Replacement TBD TBD TBD 2027 TDPUD Rates Life -Cycle Replacement 1 LS $ 2,852,871.09 $ 2,853,267 Tank Rehabilitation Sierra Meadows (0.25 MG) NA NA 2027 TDPUD Rates Life -Cycle Maintenance 1 EA $ 454,081.71 $ 454,082 New Well New Airport Well (or Tank) FacFees portion NA NA 2027 TDPUD FF Life -Cycle Replacement 1 EA $ 618,697.68 $ 619,000 New Well New Airport Well (or Tank) NA NA 2027 TDPUD Rates Life -Cycle Replacement 1 EA $ 618,697.68 $ 619,000 Pump Station Replacement Sitzmark Hydro Station Replacement NA NA 2027 TDPUD Rates Life -Cycle Replacement 1 EA $ 1,732,257.62 $ 1,732,258 Pump Station Replacement Northside Pump Station Replacement NA NA 2027 TDPUD Rates Life -Cycle Replacement 1 EA $ 1,707,107.00 $ 1,707,107 2027 Total $ 7,984,714 10/24/2025 11:24 AM I:\BUDGET\CYB\Capital\Capital Plan for Budget.xlsm Water 10yr Detail Page 4 of 10 4 - Capital Expenditures - page 4 of 10 Page 251 of 312 Water Division: 2024 - 2033 Capital Improvement Projects List FUNDING UNIT CONSTRUCTION FACILITY TYPE DESCRIPTION LENGTH, FT DIAM, IN YEAR SOURCE JUSTIFICATION QUANTITY UNITS COST COST 2028 PROJECTS Pipeline Replacement TBD TBD TBD 2028 TDPUD Rates Life -Cycle Replacement 1 LS $ 2,989,097.51 $ 2,989,098 Tank Rehabilitation Somerset 2 (0.21 MG) NA NA 2028 TDPUD Rates Life -Cycle Maintenance 1 EA $ 426,542.48 $ 426,542 Tank Replacement New Somerset 1 Tank (0.28 MG) NA NA 2028 TDPUD Rates Life -Cycle Maintenance 1 EA $ 1,756,847.34 $ 1,756,847 Pump Station Replacement Roundhill Hydro Station Replacement NA NA 2028 TDPUD Rates Life -Cycle Replacement 1 EA $ 1,343,996.11 $ 1,343,996 Pump Station Replacement West Palisades Hydro Station Replacement NA NA 2028 TDPUD Rates Life -Cycle Replacement 1 EA $ 1,066,945.62 $ 1,066,946 2028 Total $ 7,583,429 2029 PROJECTS Pipeline Replacement TBD TBD TBD 2029 TDPUD Rates Life -Cycle Replacement 1 LS $ Tank Replacement New InnsBruck Tank (1 MG) Fac Fee portion NA NA 2029 TDPUD FF Life -Cycle Replacement 1 EA $ 535,572.41 $ 535,572 Tank Replacement New InnsBruck Tank (1 MG) NA NA 2029 TDPUD Rates Life -Cycle Replacement 1 EA $ 4,820,151.70 $ 4,820,152 Pump Station Replacement Alder Creek Pump Station Replacement NA NA 2029 TDPUD Rates Life -Cycle Replacement 1 EA $ 2,430,337.18 $ 2,430,337 2029 Total I $ 7,786,061 2030 PROJECTS Pipeline Replacement TBD TBD TBD 2030 TDPUD Rates Life -Cycle Replacement 1 LS $ 3,300,731.22 $ 3,300,731 Well Rehabilitation TBD NA NA 2030 TDPUD Rates Life -Cycle Replacement 1 EA $ 441,240.67 $ 441,241 Tank Rehabilitation Prosser Annex (0.215 MG) NA NA 2030 TDPUD Rates Life -Cycle Maintenance 1 EA $ 484,513.47 $ 484,513 Tank Rehabilitation Gateway (0.45 MG) NA NA 2030 TDPUD Rates Life -Cycle Maintenance 1 EA $ 821,277.00 $ 821,277 Pump Station Replacement TBD NA NA 2030 TDPUD Rates Life -Cycle Replacement 1 EA $ 2,437,065.21 $ 2,437,065 2030 Total I $ 7,484,827 I 2031 PROJECTS Pipeline Replacement TBD TBD TBD 2031 TDPUD Rates Life -Cycle Replacement 1 LS $ - Tank Replacement New Herringbone Tank (1 MG) Fac Fee Portion NA NA 2031 TDPUD FF Life -Cycle Replacement 1 EA $ 550,694.33 $ 550,694 Tank Replacement New Herringbone Tank (1 MG) NA NA 2031 TDPUD Rates Life -Cycle Replacement 1 EA $ 4,956,249.01 $ 4,956,249 Pump Station Replacement Pinnacle Hydro Station Replacement NA NA 2031 TDPUC Rates Life -Cycle Replacement 1 EA $ 1,726,336.72 $ 1,726,337 2031 Totall $ 7,233,280 2032 PROJECTS Pipeline Replacement TBD TBD TBD 2032 TDPUD Rates Life -Cycle Replacement 1 LS $ 3,638,302.35 $ 3,638,302 Tank Replacement New Strand 1 Tank (0.42 MG) NA NA 2032 TDPUD Rates Life -Cycle Replacement 1 EA $ 1,266,714.27 $ 1,266,714 Pump Station Replacement Ski Lodge Pump Station Replacement NA NA 2032 TDPUD Rates Life -Cycle Replacement 1 EA $ 2,973,305.52 $ 2,973,306 2032 Total I $ 7,878,322 2033 PROJECTS Pipeline Replacement TBD TBD TBD 2033 TDPUD Rates Life -Cycle Replacement 1 LS $ - Tank Rehabilitation Wolfe Estates (0.23 MG) NA NA 2033 TDPUD Rates Life -Cycle Maintenance 1 EA $ 564,896.97 $ 564,897 Tank Rehabilitation Prosser Heights (0.21 MG) NA NA 2033 TDPUD Rates Life -Cycle Maintenance 1 EA $ 557,400.82 $ 557,401 New Well this is an ADD, not replacement Fac Fee Portion NA NA 2033 TDPUD FF Life -Cycle Replacement 1 EA $ 504,834.32 $ 504,834 New Well this is an ADD, not replacement NA NA 2033 TDPUD Rates Life -Cycle Replacement 1 EA $ 504,834.32 $ 504,834 Pump Station Replacement TBD NA NA 2033 TDPUD Rates Life -Cycle Replacement 1 EA $ 2,412,213.54 $ 2,412,214 Pump Station Replacement TBD NA NA 2033 TDPUD Rates Life -Cycle Replacement 1 EA $ 2,412,213.54 $ 2,412,214 2033 Total $ 6,956,394 I 2034 PROJECTS Pipeline Replacement TBD TBD TBD 2034 TDPUD Rates Life -Cycle Replacement mp Station Replacement TBD NA NA 2034 TDPUD Rates Life -Cycle Replacement 10/24/2025 11:24 AM l:\BUDGET\CYB\Capital\Capital Plan for Budget.xlsm Water 10yr Detail 4 - Capital Expenditures - page 5 of 10 LS I $ 4,001,627.97 $ 4,001,628 EA $ 2,513,449.84 $ 2,513,450 2034 Total $ 6,515,078 Page 5 of 10 Page 252 of 312 Water Division: 2024 - 2033 Capital Improvement Projects List FUNDING UNIT CONSTRUCTION FACILITY TYPE DESCRIPTION LENGTH, FT DIAM, IN YEAR SOURCE JUSTIFICATION QUANTITY UNITS COST COST 2035 PROJECTS Pipeline Replacement TBD TBD TBD 2035 TDPUD Rates Life -Cycle Replacement 1 LS $ - Tank Replacement New Ski Lodge Tank (1 MG) FacFees NA NA 2035 TDPUD FE Life -Cycle Replacement 1 EA $ 703,019.07 $ 703,019 Tank Replacement New Ski Lodge Tank (1 MG) Rates NA NA 2035 TDPUD Rates Life -Cycle Replacement 1 EA $ 6,327,171.63 $ 6,327,172 2035 Total $ 7,030,191 10/24/2025 11:24 AM I:\BUDGET\CYB\Capital\Capital Plan for Budget.xlsm Water 10yr Detail Page 6 of 10 4 - Capital Expenditures - page 6 of 10 Page 253 of 312 TDPUD Capital Budget 2026 & 2027 and Forecast 2028-2035 (11/5/2025 PH) Capital Projects Expenditure Plan - Information Technology Project Name Split 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 E W Hardware Refresh 50% 50% 160,000 165,000 350,000 190,000 195,000 190,000 350,000 190,000 195,000 190,000 Enterprise Software 50% 50% 100,000 100,000 100,000 Data Center UPS 50% 50% 50,000 50,000 50,000 50,000 50,000 50,000 Radio System 50% 50% 50,000 50,000 50,000 50,000 100,000 50,000 50,000 50,000 100,000 50,000 Hyperconverged Infrastructure 50% 50% 400,000 450,000 500,000 (HCI) Replacement GIS Upgrade 50% 50% 400,000 425,000 450,000 Security Projects 50% 50% 50,000 100,000 100,000 100,000 Enterprise Security Platform 50% 50% 200,000 100,000 50,000 50,000 50,000 100,000 50,000 50,000 50,000 50,000 (Video and Access Control) SCADA Reliability Improvement 100% 0% «« row funded by Electric Capital Reserves, see Electric schedule Projects (SRIP) - Fiber ESCADA System Build Out 100% 0% 200,000 200,000 Contingency 50% 50% 70,000 73,000 74,000 76,000 78,000 80,000 82,000 84,000 87,000 90,000 Total Annual Totals 1,580,000 838,000 524,000 366,000 1,348,000 670,000 532,000 374,000 1,432,000 630,000 Electric Electric Total 890,000 519,000 262,000 183,000 674,000 335,000 266,000 187,000 716,000 315,000 Water Water Total 690,000 319,000 262,000 183,000 674,000 335,000 266,000 187,000 716,000 315,000 10 year total 8,294,000 SCADA Reliability Improvement to bid '26 in Oct'25 <<<<funded by Electric Capital Projects (SRIP) - Fiber 2,750,000 2,000,000 2,000,000 Reserves LISTED IN E CAPEX Electric 4,347,000 Water 3,947,000 10/24/2025 11:24 AM I:\BUDGET\CYB\Capital\Capital Plan for Budget.xlsm IT Page 7 of 10 4 - Capital Expenditures - page 7 of 10 Page 254 of 312 TDPUD Capital Budget 2026 & 2027 and Forecast 2028-2035 (11/5/2025 PH) Capital Projects Expenditure Plan - Vehicles Project Name 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 E Electricfleet(rounded) 755,000 1,838,000 379,000 1,034,000 120,000 362,000 754,000 371,000 481,000 357,000 W Waterfleet(rounded) 602,000 - 302,000 - 634,000 81,000 64,000 285,000 914,000 - Total $ 1,357,000 $ 1,838,000 $ 681,000 $ 1,034,000 $ 754,000 $ 443,000 $ 818,000 $ 656,000 $ 1,395,000 $ 357,000 Electric Division 755,000 1,838,000 379,000 1,034,000 120,000 362,000 754,000 371,000 481,000 357,000 Water Division 602,000 - 302,000 - 634,000 81,000 64,000 285,000 914,000 - 10 year total 9,333,000 Eletric Fleet includes support pool vehicles. Electric 6,451,000 Water 2,882,000 Current fleet count, 84 Current average age of fleet, 10.7 years old (9.9 last budget cycle) For 10 -year plan, the average age at replacement year is 16.3 Future years include 5.0% inflation factor applied to current replacement cost estimates. See next page for details by year 10/24/2025 11:24 AM l:\BUDGET\CYB\Capital\Capital Plan for Budget.xlsm Vehicles 4 - Capital Expenditures - page 8 of 10 Page 255 of 312 TDPUD Capital Budget 2026 & 2027 and Forecast 2028-2035 (11/5/2025 PH Total 1,356,510 1,838,000 681,539 1,033,984 753,566 443,032 817,302 655,803 1,395,392 356,817 Capital Projects Expenditure Plan - Vehicles Electric 754,675 1,838,000 379,125 1,033,984 119,704 361,956 753,632 370,619 481,176 356,817 Vehicle Fleet Expenditures detail by year - 10 year Water 601,835 - 302,414 - 633,862 81,076 63,670 285,184 914,216 - 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 E Admin 107 LD 14 Jeep Cherokee 91,355 W Admin 108 LD 15 Jeep Cherokee 91,355 E Admin 109 LD 15 Jeep Cherokee 91,355 E Admin 110 LD 15 Jeep Cherokee 91,355 W Admin 111 LD 15 Jeep Cherokee 91,355 E Elec 230 LD 18 Chevrolet K1500 65,000 E Elec 286 OR 87 Sherman Reilly wire puller/tugger lile for like $1 223,000 72 Small Spool Trailer - Like for like E Elec 288 OR Replace with CRT -472/52-24k 192,610 conductor reel trailer W Water 320 MD ACF 10 International Dump Truck 12 Yard - currently 6: 260,000 W Water 326 LD ACF 16 Ford F-550 - Recommend 2026 - replace with Ii 159,125 E Elec 231 LD 18 Chevrolet K1500 - Defer to FY26/27 - like for lil 275,000 E Elec 210 MD ACF 11 International/ Altec 3050A Digger Derrick - Rel 560,000 E Elec MD ACF New 4x4 55ft. boom Line Truck Digger Derrick - V� 560,000 E Elec 207 LD ACF 13 GMC Sierra 2500HD - replace with 2026 Ford I 275,000 E Elec 293 OR 06 Pole Trailer - Surplus 279 and 293 at replacem 35,000 E Elec 296 OR 08 Trailer,Mini X 23,000 E Elec 295 OR 08 John Deere 35D Mini Excavator 110,000 E Elec 288 OR 04 Underground wire puller/tugger Duct Dawg - DE 196,415 W Water 310 LD 18 Chevy K1500 - Recommend 2028 91,355 E Elec 208 LD ACF 18 Chevy 2500 91,355 W Admin 135 LD 07 Chevy Colorado - could be EV 91,355 E Support 501 LD 07 Chevy Silverado 1500 - could be EV 91,355 W Water LD New WATER placeholder 119,704 E Elec 290 OR 04 Trailer,Snowcat 159,000 E Electric 121 LD 19 Jeep Grand Cherokee 91,355 E Elec 223 MD ACF 14 Int'I 7500 Bucket Truck 4WD 354,123 E Electric 233 LD ACF 19 Chevrolet K2500 119,704 E Electric 235 LD ACF 19 Chevrolet K2500 119,704 E Electric 237 LD ACF 19 Chevrolet K2500 119,704 E Elec 285 OR 14 Overhead Wire Puller 70,394 E Elec 205 LD ACF 06 Chevy Silverado 3500 - Defer to 2030 per SW 119,704 W Water 315 OR 15 John Deere 410 L 245,000 W Water 360 OR 15 Caterpillar 926M 250,000 W Water 330 MD ACF 13 International Dump Truck 4x4 138,862 E Elec 292 OR 06 Spool Trailer 46,700 W Water 395 OR 16 Compact Excavator Caterpillar 305.5E2 81,076 E Elec 225 OR ACF 16 International /Navistar 7400 315,256 W Water 385 OR 16 HALLMARK Trailer 8,950 W Water 389 OR 14 EH Wachs Trailer 54,720 E Elec 564 MD 17 Lift King LKM 1242 95,967 E Elec 239 LD ACF 20 Ram 3500 Foreman Truck 103,616 E Elec 241 LD ACF 20 Ram 3500 Foreman Truck 103,616 E Elec 240 LD ACF 22 Ram 3500 Foreman Truck 103,616 E Elec 213 MD ACF 20 Freightliner 108 SD Bucket AN550C 346,817 E Elec 243 OR ACF 21 Chevrolet K3500 Service Body 56,646 Fleet Capex page 9 of 10 4 - Capital Expenditures - page 9 of 10 Page 256 of 312 TDPUD Capital Budget 2026 & 2027 and Forecast 2028-2035 (11/5/2025 PH Total 1,356,510 1,838,000 681,539 1,033,984 753,566 443,032 817,302 655,803 1,395,392 356,817 Capital Projects Expenditure Plan - Vehicles Electric 754,675 1,838,000 379,125 1,033,984 119,704 361,956 753,632 370,619 481,176 356,817 Vehicle Fleet Expenditures detail by year - 10 year Water 601,835 - 302,414 - 633,862 81,076 63,670 285,184 914,216 - 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 W Water 355 MD 18 Caterpillar 918M 189,872 E Elec 298 OR 2013 Hallmark Trailer 6,745 W Water 357 OR 18 Snowquip LM98SC 95,312 E Electric 215 MD ACE 18 International/ Navistar 7500 SEA 4x4 Bucket AN550C 307,228 W Water 367 MD ACE International /Navistar - VacCon 499,193 W Water 331 OR ACE 22 Ford F550 Service Crane Body 138,341 W Water 332 OR ACE 22 Ford F550 Service Crane Body 138,341 W Water 333 OR ACE 22 Ford F550 Service Crane Body 138,341 E Admin 123 LD 14 Chevy Van 27,834 E Elec 245 OR Multihog MX120 156,342 E Elec 299 OR ACE 22 Ford F550 SB40 Troubleman Truck 124,000 E Elec 124 LD ACE 24 Silverado EV 86,500 E Elec 125 LD ACE 24 Silverado EV 86,500 E Electric 213 MD ACE 20 Freightliner 108 SD Bucket Truck 4x4 346,817 E Elec 274 OR 15 Load Trail 10,000 Fleet Capex page 10 of 10 4 -Capital Expenditures - page 10 of 10 Page 257 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) APPENDIX 5.A LABOR BENEFIT COSTS % LABOR OVERHEAD VALUE OF BENEFITS Medical/Dental insurance (EE) Self -funded vision benefit Long term disability insurance Life insurance Longevity Wellness FICA Fed Med Worker's compensation Retirement.Pension/Match OPEB Retiree Med/Den Net (Retiree) OPEB CERBT Contribution Value of non-productive labor (vacation, admin leave,sick leave, holiday) TOTAL VALUE OF BENEFITS PRODUCTIVE LABOR Recommended labor (Appendix II) (excludes Boo) Less value of non-productive labor (above) TOTAL PRODUCTIVE LABOR % of Recommended Labor PAYROLL OVERHEAD Value of Benefits / Productive Labor OTHER METRICS Total Labor and Benefits Benefits as a percent of Total Labor and Benefits Benefits excluding non-productive, % of Recommended Labor Current Year BUDGET FY25 $ 2,972,382 77,713 64,799 76,088 17,482 37,500 766,404 185,344 350,539 3,391,582 425,291 130,000 1,814,472 $ 10,309,596 2026 Budget (year 1) PH Y2Y Change 11/5/2025 Amount Pctp FY26 17,079 1% $ 2,989,461 2,639 3% 80,352 8,143 13% 72,942 1,001 1% 77,089 130,015 744% 147,497 500 1% 38,000 20,294 3% 786,698 22,905 12% 208,249 (123,327) -35% 227,212 533,281 16% 3,924,863 55,748 13% 481,039 5,000 4% 135,000 225,502 12% 2,039,974 898,780 9% $ 11,208,376 $ 12,791,371 1,581,561 12% $ 14,372,932 (1,814,472) (225,502) 12% (2,039,974) $ 10,976,899 1,356,059 12% $ 12,332,958 85.8% 85.8% 2027 Budget (year 2) PH Y2Y Change 11/5/2025 Amount Pctp FY27 149,473 5% $ 3,138,934 402 1% 80,754 6,033 8% 78,975 6,376 8% 83,465 5,900 4% 153,397 0 0% 38,000 60,155 8% 846,853 8,553 4% 216,802 18,990 8% 246,202 283,772 7% 4,208,635 19,241 4% 500,280 5,000 4% 140,000 83,920 4.1% 2,123,894 647,815 5.8% $ 11,856,191 591,270 4.1% $ 14,964,202 (83,920) 4.1% (2,123,894) 507,350 4.1% $ 12,840,308 85.8% 93.92% (0.0304) -3.2% 90.88% 0.0145 1.6% 92.34% $ 21,286,495 2,254,839 11% $ 23,541,334 1,155,165 4.9% $ 24,696,499 48.43% (0.0082) -1.7% 47.61% 0.0040 0.8% 48.01% 66.41% (0.0262) -4.0% 63.79% 0.0125 2.0% 65.04% 10/23/2025 4:19 PM l:\BUDGET\CYB\Central\Employee Benefit Calcs.xlsx Value of Benefits 5 - Overheads Rent Debt - page 1 of 7 Page 258 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) APPENDIX 5.B TRANSPORTATION OVERHEAD This appendix assumes that the cost of operating, maintaining and replacing District vehicles and equipment will be recognized as an overhead charged against direct labor that uses the vehicles. FY25 Y2Y Change FY26 Y2Y Change FY27 TRANSPORTATION & EQUIPMENT EXPENSE Vehicle operation, repair, fuels & misc expenses $ 1,071,488 $ 1,209,497 $ 1,258,954 Vehicle rentals (veh resery funded) 65,000 49,200 52,200 Insurance 25,800 51,000 53,000 Replacement (depreciation expense) 486,600 520,000 540,800 TOTAL TRANSPORTATION EXPENSE $ 1,648,888 11% $ 1,829,697 4% $ 1,904,954 DIRECT LABOR HOURS General Manager x no longer applicable 9,015 x x Administrative Services x no longer applicable 130 x x Conservation x no longer applicable 150 x x Electric Operations/capital 46,271 43,910 43,910 Water Operations/capital 33,502 33,221 33,221 IT Power Supply/capital 4,232 5,254 5,254 TOTAL DIRECT LABOR HOURS 93,300 -12% 82,385 0% 82,385 TRANSPORTATION/EQUIPMENT OVERHEAD PER HOUR COST $17.67 26% $22.21 4% FY25 FY26 Transportation Overhead - Clearings - Activity Code 958 - 2.7.950 Transportation Overhead - Charging - Activity Code 957 - % applied to VehicleUse Productive Payroll Hours - Ops/WorkOrders/Capital $23.12 FY27 ?025 4:20 PM I:\BUDGET\CYB\Central\Appendices.xlsx APPENDIX 5B 5 - Overheads Rent Debt - page 2 of 7 Page 259 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) APPENDIX 5.C ADMINISTRATIVE OVERHEAD FY25 FY26 FY27 COMMON SUPPLY COSTS: Purchasing/Warehousing of Common Supplies Labor $176,331 $178,307 $189,070 Accounts Payable 45,629 52,345 54,439 Overhead: Labor 165,612 162,048 174,579 Administrative 6,945 6,740 6,945 394,517 399,440 425,033 Warehousing Operating Costs Utilities & Building Maintenance 33,818 33,243 34,573 Miscellaneous (insurance) 6,180 7,000 8,000 Subtotal 39,998 40,243 42,573 TOTAL PURCHASING/WAREHOUSING/COMMON SUPPLIE $434,515 TOTAL PRODUCTIVE LABOR $10,976,899 ADMINISTRATIVE OVERHEAD 3.96% FY25 $439,683 $12,332,958 3.57% FY26 $467,606 $12,840,308 3.64% FY27 Administrative Overhead - Clearings - Activity Code 941 - 1.3.963 & 1.7.935.10 Administrative Overhead - Charging - Activity Code 941 - % applied to Productive Payroll Dollars - Ops/WorkOrders/Capital 10/23/2025 4:20 PM I:\BUDGET\CYB\Central\Appendices.xlsx APPENDIX 5C 5 - Overheads Rent Debt - page 3 of 7 Page 260 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) APPENDIX 5.D CONSTRUCTION OVERHEAD FY26 Step I General direction and general construction costs from budget: Electric Operations $ 505,068 Water Operations - 45% of 7.680.150 (bulk of Constr is contract) 168,668 Total $ 673,736 Step 2 Determine capitalized labor as a percent of total labor: Capitalized Labor exclds CFD $ 2,135,482 27 15% Total Electric & Water Labor $ 7,864,701 Step 3 Determine construction overhead to be capitalized: Total General direction & construction costs $ 673,736 % of labor to be capitalized 27.15% General direction & construction costs to capitalize $ 182,938 Construction accounting costs to capitalize 262,215 $ 445,153 Step 4 Calculate construction overhead to be applied to capital improvements: Capital FY 2025 Budget Overhead $333,249 19 96/ $445,153 20.85% Capital Labor $1,669,547 $2,135,482 CONSTRUCTION OVERHEAD = 19.96% 20.85% FY25 FY26 Construction Overhead - Clearings - Activity Code 946 Construction Overhead - Charging - Activity Code Range 960-964 - FY27 $ 535,207 179,357 $ 714,564 $ 2,190,931 26.95% $ 8,130,586 $ 714,564 $467,679 21.35% $2,190,931 21.35% FY27 10/23/2025 4:20 PM I:\BUDGET\CYB\Central/Appendices.xlsx APPENDIX 5D 5 - Overheads Rent Debt - page 4 of 7 Page 261 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) APPENDIX 5.E INTERDEPARTMENTAL RENT FY25 FY26 FY27 DISTRICT HEADQUARTERS: Building operation/PM/repair Depreciation of jointly used assets TOTAL COSTS 866,531 1% 348,469 30% $1,215,000 9% 873,935 4% 911,661 452,065 3% 465,339 $1,326,000 4% The Electric Utility owns the district headquarters. The Water Utility pays the Electric Utility rent for the use of the District headquarters and jointly used assets. The rent is calculated as 50% of the above costs, as presented below: Water Utility % 50% 50% Water department share @ 50% (rounded) $ 607,500 $ 663,000 $ Monthly rent paid to Electric Dept. $ 50,625 $ 55,250 $ FY25 FY26 $1,377,000 50% 688,500 57,375 FY27 10/23/2025 4:20 PM I:\BUDGET\CYB\Central\Appendices.xlsx APPENDIX 5E 5 - Overheads Rent Debt - page 5 of 7 Page 262 of 312 APPENDIX 5.F ELECTRIC DEBT SCHEDULE Principal and Interest Payments (placeholder only) (2022 - 2047, 25yr COPs) New Facilities 2022 COP DEBT SERVICE - Electric Debt Service Electric YEAR Principal Interest (electric portion) TOTAL 2024 145,000 284,181 429,181 2025 155,000 276,931 431,931 2026 160,000 269,181 429,181 2027 170,000 261,181 431,181 2028 180,000 252,681 1,452,000 1,884,681 2029 185,000 243,681 1,452,000 1,880,681 2030 195,000 234,431 1,452,000 1,881,431 2031 205,000 224,681 1,452,000 1,881,681 2032 215,000 214,431 1,452,000 1,881,431 2033 225,000 203,681 1,452,000 1,880,681 2034 240,000 192,431 1,452,000 1,884,431 2035 250,000 180,431 1,452,000 1,882,431 5 - Overheads Rent Debt - page 6 of 7 Page 263 of 312 APPENDIX 5.G WATER DEBT SCHEDULE Principal and Interest Payments Pipeline (2022-2052, 30yr COPS) 201512016 COP Debt 2022 COP DEBT SERVICE - Water DL Pipeline DS 2022 COP YEAR Rates FF Surcharge TL Principal Interest Principal Interest DS TL 2021 1,252,412 356,179 96,216 800,852 153,241 153,241 2024 573,008 359,233 100,297 1,032,538 680,000 352,538 240,000 712,250 952,250 2025 576,529 360,884 97,925 1,035,338 710,000 325,338 255,000 700,250 955,250 2026 573,196 359,005 99,736 1,031,938 735,000 296,938 265,000 687,500 952,500 2027 575,581 359,806 97,150 1,032,538 765,000 267,538 280,000 674,250 954,250 2028 574,322 358,474 99,142 1,031,938 795,000 236,938 295,000 660,250 955,250 2029 570,555 360,101 100,444 1,031,100 820,000 211,100 305,000 645,500 950,500 2030 575,893 359,147 97,360 1,032,400 850,000 182,400 320,000 630,250 950,250 2031 574,705 359,524 98,421 1,032,650 880,000 152,650 340,000 614,250 954,250 2032 573,333 357,313 100,104 1,030,750 910,000 120,750 355,000 597,250 952,250 2033 575,711 359,424 101,490 1,036,625 950,000 86,625 375,000 579,500 954,500 2034 574,484 359,309 97,207 1,031,000 980,000 51,000 390,000 560,750 950,750 2035 306,800 306,800 295,000 11,800 410,000 541,250 951,250 (placeholder only) Total, including Water Debt Service Totals New Facilities Placeholder Debt DS - RATES Debt Service DS - RATES Principal Interest Service FUNDED (water portion) FUNDED 800,852 153,241 153,241 920,000 1,064,788 1,984,788 1,525,258 - 1,525,258 965,000 1,025,588 1,990,588 1,531,779 - 1,531,779 1,000,000 984,438 1,984,438 1,525,696 - 1,525,696 1,045,000 941,788 1,986,788 1,529,831 - 1,529,831 1,090,000 897,188 1,987,188 1,529,572 960,000 2,489,572 1,125,000 856,600 1,981,600 1,521,055 960,000 2,481,055 1,170,000 812,650 1,982,650 1,526,143 960,000 2,486,143 1,220,000 766,900 1,986,900 1,528,955 960,000 2,488,955 1,265,000 718,000 1,983,000 1,525,583 960,000 2,485,583 1,325,000 666,125 1,991,125 1,530,211 960,000 2,490,211 1,370,000 611,750 1,981,750 1,525,234 960,000 2,485,234 705,000 553,050 1,258,050 951,250 960,000 1,911,250 5 - Overheads Rent Debt - page 7 of 7 Page 264 of 312 TRUCKEE DONNER Public Utility District Organization Chart for Budget 2026 and 2027 version date 11/5/2025 Accounts / Community Electric (14,980 FY26 115,120 FY27) Water (13,830 FY26 1 13,910 FY27) Board of Directors Elected Officials (5) Auditors Legal Counsel ................................................................................... General Manager 1 FTE Director of Electric Engineering & Operations Water Utility Director District Clerk I Executive Assistant Human Resources Director Information Technology Director Chief Financial Officer 21 FTE 16 FTE 3 FTE 3 FTE 7 FTE 23 FTE See Page 2 for details. See Page 3 for details. See Page 5 for details. See Page 5 for details. See Page 5 for details. See Page 4 for details. Director of Electric Power Supply Employee Full Time Equivalents (FTE) 1 FTE 81 Total FTE for 2026 Budget 81 Total FTE for 2027 Budget All FTE counts are essentially Head Count (ie excludes overtime) for Org.Chart purposes Elected Officials as of FY 2025 (Term) Board President Christa Finn (2022-2026) Vice President Tony Laliotis (2022-2026) Board of Director Jeff Bender (2024-2028) Board of Director Courtney Murrell (2024-2028) Board of Director Steve Randall (2024-2028) Terms for directors run December of starting year through December of even years, four year terms. Appointed Officials - Current General Manager Brian C. Wright Appointed District Clerk Brian C. Wright District Clerk Martina Rochefort Treasurer Michael R. Salmon Assistant Treasurer Melanie Rives Organization by Employment Classification 1=V7R 1=V97 Director of Strategic Affairs and PIO 4 FTE See Page 5 for details. Rep Unrep Total Rep Unrep Total Electric 14 8 22 14 8 22 Water 15 3 18 15 3 18 CFO 19 4 23 19 4 23 GM/Other 3 15 18 3 15 18 Total 51 30 81 51 30 81 Mix 63% 37% 100% 63% 37% 100% Rep - Represented by union IBEW 1245 Memorandum of Understanding (MOU) positions Unrep - Unrepresented positions Budget 2025-83 FTEs 10/23/2025 cure e\auoaer\cve\cmo-al\oracnavroraadarcac. Org Chart - Page 1 of 5 6 -Personnel -page 1 of 9 Page 265 of 312 TRUCKEE DONNER Public Utility District Organization Chart for Budget 2026 and 2027 (version 11/5/2025) ELECTRIC OPERATIONS B26 B27 1 combined position (EUD) for Budget 2025 Unrepresented 8 8 Represented 14 14 FTE Total 22 22 Director of Electric Engineering & Operations 1 FTE Electric Engineering Electric Operations Manager Manager 1 FTE 1 FTE Senior Elecric Engineer 1 FTE Elecric Engineer I/Il 1 FTE TBD 1 FTE Director of Electric Power Supply 1 FTE Veg Mgmt Manager 1 FTE Foreman, Power Services Troubleman Substation Foreman Electrician 2 FTE 2 FTE Lineman/Inspector 1 FTE R R 2 FTE R R L Lead Lineman 2 FTE Electrician 1 FTE R Journeyman 3 crews for a total of 12 for Budget 2025 (2 Crews Fy26/Fy27) Lineman 4 FTE R < budget is for four(4) Journeyman Lineman, the actual staffing mix may include Apprentice JL 10/23/2025 422 PM I:\BUDGET\CYB\Central\OrgChart for Budget.xlsx Org Chart - Page 2 of 5 6 - Personnel - page 2 of 9 Page 266 of 312 TRUCKEE DON Public Utility District Organization Chart for Budget 2026 and 2027 (version 11/5/2025) WATER OPERATIONS B26 B27 Unrepresented 3.0 3.0 Represented 15.0 15.0 FTE Total 18.0 18.0 Foreman, Water 2 FTE R Water Leadmen 2 FTE R Water Service Technician 7 FTE R Water Utility Director 1 FTE Water Operations Manager 1 FTE P&M Controls Electrician 1 FTE R Water Helper (Seasonal, non -benefit) (2p) 1.0 FTE R Water System Engineer 1 FTE Maintenance Program Lead 1 FTE R Senior Water Quality Inspector 1 FTE R 10/23/2025 4:22 PM I:\BUDGET\CYB\Central\OrgChart for Budget.xlsx Org Chart - Page 3 of 5 6 - Personnel - page 3 of 9 Page 267 of 312 Organization Chart for Budget 2026 and 2027 (version 11/5/2025) Chief Financial Officer B26 B27 Unrepresented 4.0 4.0 Represented 19.0 19.0 FTE Total 23.0 23.0 Chief Financial Officer 1 FTE Finance & Accounting Contract Administrator Customer Service Manager 1 FTE Manager General Services Manager 1 FTE R 1 FTE 1 FTE General Accounting Facilities Maintance Vehicle Maintenance Work Order Supervisor Conservation Specialist Customer Billing and Supervisor Billing Clerk Foreman Foreman (and CSR assist) CSR Supervisor 1 FTE 1 FTE 1 FTE 1 FTE 1 FTE R R 1 FTE 1 FTE R R R R R Accounting Specialist Customer Service Facilites Maintenance Vehicle Mechanic Lead Work Order Specialist Representative Coordinator 1 FTE 1 FTE 4 FTE 1 FTE 1 FTE R R R R R Accounting Specialist Buyer 1 FTE 1 FTE R R Warehouse/Utility Clerk 1 FTE R 10/23/2025 422 PM I:\BUDGET\CYB\Central\OrgChart for Budget.xlsx Org Chart - Page 4 of 5 6 - Personnel - page 4 of 9 Page 268 of 312 TRUCKEE DONNER Public Utility District Organization Chart for Budget 2026 and 2027 (version 11/5/2025) GENERAL MANAGER AND OTHER DIRECTORS B26 B27 Unrepresented 15.0 15.0 Represented 3.0 3.0 New Position GENERAL MANAGER for Fy26/Fy27 27 1 FTE FTE Total 18.0 18.0 Y Y District Clerk / Excecutive Stategic Affairs, L&R, PLO Assistant Director 1 FTE 1 FTE this chart does not reflect all GM direct reports, refer to Page 1 for GM direct report information Human Resources Director 1 FTE Communications Special Projects Specialist Administrator Risk & Compliance HR Specialist 1 FTE 1 FTE Coordinator 1 FTE (cost share with cc4 1 FTE R Conservation) Administrative Tech 1 FTE Mangement Analyst R 1 FTE (cost share with cc4 Conservatio) Records Coordinator/Tech 1 FTE R Information Technology (IT) Director 1 FTE IT Security & Applications Manager 1 FTE IT/SCADA Engineer 1 FTE Business Intelligence Architect 1 FTE GIS Coordinator 1 FTE SR Network and Systems Administrator 1 FTE Network and Systems Administrator 1 FTE 10/23/2025 422 PM I:\BUDGET\CVB\Central\OrgChart for Budget.xlsx Org Chart - Page 5 of 5 6 - Personnel - page 5 of 9 Page 269 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) BUDGETED POSITIONS BY HOME DEPARTMENT Full Time Equivalents (FTE) Payroll Dollars (base pay, including paid time off) Before any allocations/shares to other Departments, Capital, and or Overhead(s) Budget FTE and Dollars I POSITIONS by DEPARTMENT 2025 2026 2027 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 2.00 2.00 3.00 9.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 2.00 2.00 2.00 6.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 2.00 2.00 2.00 6.00 ELECTRIC OPERATIONS Electric Utility Director Electric Power Supply Director Electric Engineering and Operations Director Electric Engineering Manager Electric Engineer II Electric Engineer Electric Operations Manager Assistant Electric Operations Manager Foreman, Electrician Electrician/Meter Technician Vegetation Management Manager Substation Lineman/Inspector Troubleman Foreman, Power Services Lead Lineman Journeyman Linemen Standby/Overtime Compensation Study/Contingency Factor 25.00 22.00 22.00 FTE Total (3.00) - FTE Change $ 4,611,696 $ 5,482,351 $ 5,649,478 Payroll Dollars $ 870,655 $ 167,127 Change, Dollars 18.9% 3.0% Change, Percentage ELECTRIC OPERATIONS WATER OPERATIONS 1.00 1.00 1.00 Water Utility Director 1.00 1.00 1.00 Water System Engineer 1.00 1.00 1.00 Water Operations Manager 1.00 1.00 1.00 Water SR Quality Inspector 2.00 2.00 2.00 Water Foremen 2.00 2.00 2.00 Water Leadmen 7.00 7.00 7.00 Water Service Technicians - - - Water Service Technicians - in Training 1.00 1.00 1.00 Water Helper I (two part-time, summer) (non -benefited) 1.00 1.00 1.00 P&M Controls Electrician (position from Electric Ops) 1.00 1.00 1.00 Maintenance Program Lead Standby/Overtime Compensation Study Factor 18.00 $ 2,680,413 $ 18.00 18.00 FTE Total - - FTE Change 2,872,258 $ 2,995,796 Payroll Dollars 191,845 $ 123,538 Change, Dollars 7.2% 4.3% Change, Percentage WATER OPERATIONS 0/23/2025 4:20 PM Appendices.xlsx APPENDIX 6 6 -Personnel -page 6 of 9 Page 270 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) BUDGETED POSITIONS BY HOME DEPARTMENT Full Time Equivalents (FTE) Payroll Dollars (base pay, including paid time off) Before any allocations/shares to other Departments, Capital, and or Overhead(s) Budget FTE and Dollars I POSITIONS by DEPARTMENT 2025 2026 2027 GENERAL MANAGEMENT 1.00 1.00 1.00 General Manager 1.00 1.00 1.00 District Clerk / Executive Assistant 1.00 1.00 1.00 Director of Strategic Affairs and PIO 1.00 Contract Administrator (moved to cc3 Administration) 1.00 1.00 1.00 Record Coordinator/Tech 1.00 1.00 1.00 Administrative Tech 1.00 1.00 1.00 Communications Coordinator 1.00 1.00 1.00 Human Resources Director 1.00 1.00 1.00 Risk & Compliance Coordinator 1.00 1.00 HR Specialist (title/position TBD, placeholder) 9.00 9.00 9.00 FTE Total 9.00 - - FTE Change $ 1,461,865 $ 1,575,372 $ 1,654,135 Payroll Dollars GENERAL MANAGEMENT $ 113,507 $ 78,763 Change, Dollars 7.8% 5.0% Change, Percentage ADMINISTRATIVE SERVICES 1.00 1.00 1.00 Chief Financial Officer 1.00 1.00 1.00 Finance & Accounting Manager 0.50 0.50 0.50 Management Analyst 1/2 - - - Senior Accountant/Accounting Analyst 1.00 1.00 1.00 General Accounting Supervisor 1.00 1.00 1.00 Work Order Accounting Supervisor 1.00 1.00 1.00 Work Order Clerk 1.00 1.00 1.00 Accounting Specialist Lead 1.00 1.00 1.00 Acg Specialist - Payroll and Accounts Payable Clerk 1.00 1.00 1.00 Buyer/Clerk 1.00 1.00 1.00 Warehouse/Utility Worker 1.00 1.00 Contract Administrator (moved from General Admin) 1.00 1.00 1.00 Customer Services Manager 1.00 1.00 1.00 Customer Billing and CSR Supervisor 1.00 1.00 1.00 Billing Clerk 4.00 4.00 4.00 Customer Service Representatives (4) Overtime 16.50 $ 1,869,948 $ 17.50 17.50 FTE Total 1.00 - FTE Change 2,074,574 $ 2,190,946 Payroll Dollars 204,626 $ 116,372 Change, Dollars 10.9% 5.6% Change, Percentage ADMINISTRATIVE SERVICES 0/23/2025 4:20 PM Appendices.xlsx APPENDIX 6 6 -Personnel -page 7 of 9 Page 271 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) BUDGETED POSITIONS BY HOME DEPARTMENT Full Time Equivalents (FTE) Payroll Dollars (base pay, including paid time off) Before any allocations/shares to other Departments, Capital, and or Overhead(s) Budget FTE and Dollars I POSITIONS by DEPARTMENT 2025 2026 2027 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 5.00 5.00 5.00 - $ 646,571 $ 697,816 $ $ 51,245 $ 7.9% GENERAL SERVICES 1.00 General Services Manager 1.00 Facilities Maintenance Foreman 1.00 Facilities Maintenance Coordinator 1.00 Vehicle Mechanic Foreman 1.00 Vehicle Mechanic Standby/Overtime Compensation Study Factor 5.00 FTE Total - FTE Change 725,727 Payroll Dollars GENERAL SERVICES 27,911 Change, Dollars 4.0% Change, Percentage CONSERVATION 1.00 1.00 1.00 Program Manager, CSR & Conservation 0.50 0.50 0.50 Management Analyst 1/2 1.00 1.00 1.00 Conservation Specialist (positiong moved from AdminSvcs Dept for B'2: - - - Overtime Compensation Study Factor 2.50 2.50 2.50 FTE Total 2.50 - - FTE Change $ 311,381 $ 331,300 $ 347,546 Payroll Dollars CONSERVATION $ 19,919 $ 16,246 Change, Dollars 6.4% 4.9% Change, Percentage IT/GIS 1.00 1.00 1.00 IT Director/CIO 1.00 1.00 1.00 IT/SCADA Engineer 1.00 1.00 1.00 Sr Network & System Administrator (recl. from NSA) 1.00 1.00 1.00 Network & System Administrator (+1 FTE) 1.00 1.00 1.00 GIS Coordinator 1.00 1.00 1.00 BI Analyst (recl. From DA & Admin) 1.00 1.00 1.00 IT Security & Applications Manager Compensation Study Factor 7.00 7.00 7.00 FTE Total 7.00 - - FTE Change $ 1,209,498 $ 1,339,261 $ 1,400,574 Payroll Dollars IT/GIS $ 129,763 $ 61,313 Change, Dollars 10.7% 4.6% Change, Percentage 0/23/2025 4:20 PM Appendices.xlsx APPENDIX 6 6 -Personnel -page 8 of 9 Page 272 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) BUDGETED POSITIONS BY HOME DEPARTMENT Full Time Equivalents (FTE) Payroll Dollars (base pay, including paid time off) Before any allocations/shares to other Departments, Capital, and or Overhead(s) Budget FTE and Dollars I POSITIONS by DEPARTMENT 2025 2026 2027 83.00 81.00 (2.00) $ 12,791,371 $ 14,372,932 $ 1,581,561 12.4% DISTRICT TOTAL(excluding Board of Directors) 81.00 FTE Total - FTE Change DISTRICT TOTAL (excluding $ 14,964,202 Payroll Dollars $ 591,270 Change, Dollars Board of Directors) 4.1% Change, Percentage 0/23/2025 4:20 PM Appendices.xlsx APPENDIX 6 6 -Personnel -page 9 of 9 Page 273 of 312 ELECTRIC Operating Cash Flow Operating revenue Operating Purchase Power Costs Operating Expenses Other revenue/(expenses) Net Income FMP Transfer from/(to) funds Debt Issuance Costs Debt principal payments 2022 Debt proceeds use- $0,000 Capital projects Change in Operating Cash Op Reserve % of OpExp (Goal 50%) Rate Reserve % of PPE (Goal 50%) Capital Reserves % Capx (GoaI100%) Cash & Reserve Balances TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) Financial Master Plan Summary FY26 through FY35 (in thousands) FY26 FY27 FY28 FY29 FY30 FY31 Attachment 7 FY32 FY33 FY34 FY35 $ 45,740 $ 48,500 $ 50,853 $ 53,322 $ 55,389 $ 57,536 $ 59,767 $ 62,086 $ 64,494 $ 66,996 (14,412) (14,969) (15,568) (16,191) (16,839) (17,513) (18,214) (18,943) (19,701) (20,489) (18,858) (19,662) (20,449) (21,267) (22,118) (23,002) (23,922) (24,879) (25,874) (26,909) (44) (22) (9) 11 31 54 73 100 117 143 $ 12,426 $13,847 $14,827 $15,875 $16,463 $17,075 $ 17,704 $ 18,364 $ 19,036 $ 19,741 6,620 757 853 (975) 303 (3,067) (2,697) (4,003) (3,416) (5,748) (160) (170) (1,632) (1,637) (1,647) (1,657) (1,667) (1,677) (1,692) (1,702) (18,320) (14,244) (13,601) (12,847) (14,584) (12,044) (12,644) (12,467) (13,400) (11,188) $ 566 $ 190 $ 447 $ 416 $ 535 $ 308 $ 695 $ 217 $ 527 $ 1,102 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 51% 50% 50% 50% 50% 50% 51% 50% 50% 52% 51% 51% 51% 51% 51% 51% 51% 51% 50% 50% 80% 76% 70% 76% 74% 91% 104% 124% 139% 164% Operating Reserve (Gen Fd) Balance $ 9,566 $ 9,756 $10,203 $10,620 $11,154 $11,462 $ 12,157 $ 12,374 $ 12,902 $ 14,004 Rate Reserve Balance 7,300 7,579 7,879 8,191 8,515 8,852 9,203 9,568 9,947 10,341 Capital Reserve Balance 8,357 9,266 8,798 10,718 10,486 13,748 17,092 21,419 25,354 31,688 Capital Vehicle Reserve Balance 2,417 1,532 1,605 1,162 1,635 1,913 1,855 2,160 2,387 2,748 Deferred Liability 2,434 2,495 2,557 2,621 2,687 2,754 2,823 2,894 2,966 3,040 Facility Fee Reserve Balance 457 650 796 946 1,100 1,264 1,439 1,624 1,821 2,029 Cash & Reserve Balances $ 30,531 $ 31,278 $ 31,838 $ 34,258 $ 35,577 $ 39,993 $ 44,569 $ 50,039 $ 55,377 $ 63,850 Recommended/Proposed rate change 5.00% 5.00% 4.00% 4.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% Net Rate Increase in active FMP 5.00% 5.00% 4.00% 4.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 10/23/2025 4:25 PM I:\BUDGET\CYB\Central\Financial Master Plan.xlsx Electric Viewl 7 - Financial Master Plan - page 1 of 3 Page 274 of 312 WATER Operating Cash Flow Operating revenue Operating expenses Other revenue and expenses TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) Attachment 7 Financial Master Plan Summary FY26 through FY35 (in thousands) FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 $ 22,432 $ 23,982 $ 25,671 $ 27,481 $ 29,420 $ 30,620 $ 31,870 $ 33,171 $ 34,525 $ 35,935 (14,328) (15,025) (15,636) (16,272) (16,914) (17,581) (18,276) (18,997) (19,747) (20,526) (806) (763) (709) (662) (610) (556) (496) (438) (370) (265) Net income $ 7,298 $ 8,194 $ 9,326 $ 10,547 $ 11,896 $ 12,483 $ 13,098 $ 13,736 $ 14,408 $ 15,144 Transfers from/(to) funds 3,426 2,148 1,822 603 28 (1,499) (1,694) (2,593) (1,299) (2,322) Debt Issuance Costs - - - - - - - - - - Debt principal payments (1,000) (1,045) (2,050) (2,085) (2,130) (2,180) (2,225) (2,285) (2,330) (1,665) Debt proceeds (new debt) - $0,000 - - - - - - - - - - Capital expenditures (9,715) (8,939) (8,802) (8,743) (9,488) (8,365) (8,944) (8,300) (8,923) (8,148) Change in Operating Cash $ 9 $ 358 $ 296 $ 322 $ 306 $ 439 $ 235 $ 558 $ 1,856 $ 3,009 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 OpGF Reserve% of OpExp Goal 50% 50% 50% 50% 50% 50% 50% 50% 51% 58% 71% Capital Reserves % CapxGoal 100% 39% 27% 12% 15% 19% 43% 63% 94% 109% 136% Cash & Reserve Balances Operating Cash Balance (GenFd) $ 7,110 $ 7,468 $ 7,764 $ 8,086 $ 8,392 $ 8,831 $ 9,066 $ 9,624 $ 11,480 $ 14,489 Capital Reserve Balance 2,993 1,668 210 115 618 2,633 4,299 7,606 9,796 12,541 Vehicle Reserve Balance 428 770 895 1,355 1,314 1,791 2,311 2,659 2,458 3,103 Deferred Liability 128 131 134 137 140 144 148 152 156 160 Facility Fee Balance 2,086 1,777 2,100 1,913 2,283 2,138 2,568 2,531 3,030 3,091 Cash & Reserve Balances $ 12,745 $ 11,814 $ 11,103 $ 11,606 $ 12,747 $ 15,537 $ 18,392 $ 22,572 $ 26,920 $ 33,384 Debt service coverage 4.55 4.99 3.74 4.15 4.60 4.79 4.99 5.18 5.42 7.50 (1.25 required until 2036) .nange to vroposea r YLn tk r Yzi U.u% U.u% Recommended FY26&FY27 & draft 6.5% 6.5% 6.5% 6.5% 6.5% 3.5% 3.50% 3.50% 3.50% 3.50° rate changes FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY3! 10/23/2025 4:25 PM I:\BUDGET\CYB\Central\Financial Master Plan.xlsx Water Viewl 7 - Financial Master Plan - page 2 of 3 Page 275 of 312 ATTACHMENT 7 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) Financial Master Plan - RESERVE BALANCES - Actual I Forecast I Goal Actual Actual Forecast Forecast BUDGET BUDGET BUDGET BUDGET 12/31/2023 12/31/2024 2025 12/31/2025 2026 12/31/2026 2027 12/31/2027 2027 Balance Balance Change Balance Change Balance Change Balance Policy Goal ELECTRIC UTILITY (A) General Fund $ 7,775,783 $ 10,672,049 $ (1,672,049) $ 9,000,000 $ 566,000 $ 9,566,000 $ 190,000 $ 9,756,000 $ 9,831,000 (A) (B) Rate Reserve 5,301,196 5,996,206 978,794 6,975,000 325,000 7,300,000 279,000 7,579,000 7,485,000 (B) (C) Capital Reserve 10,672,016 11,009,923 3,094,077 14,104,000 (5,747,000) 8,357,000 909,000 9,266,000 65% 14,211,000 (C) (D) Vehicle Reserve 1,478,862 1,932,621 457,379 2,390,000 27,000 2,417,000 (885,000) 1,532,000 400,000 (D) (E) Facility Fees 349,579 653,845 (397,845) 256,000 201,000 457,000 193,000 650,000 (E) (F) Deferred Liability 2,169,608 2,267,444 107,556 2,375,000 59,000 2,434,000 61,000 2,495,000 2,205,000 (F) Total Reserves $ 27.747.044 $ 32.532.088 $ 2.567.912 $ 35.100.000 $ (4.569.000) $ 30.531.000 $ 747,000 $ 31.278.000 $ 34.132.000 (G) AB32 Cap&Trade 445,980 481,113 1 (131,113) 350,000 1 (91,000) 259,000 1 (44,000) 215,000 NA I (G) WATER UTILITY (H) General Fund $ 8,183,055 $ 6,994,900 $ 105,100 $ 7,100,000 $ 10,000 $ 7,110,000 $ 358,000 $ 7,468,000 $ 7,513,000 (H) (J) Capital Reserve 3,059,077 4,356,937 1,343,063 5,700,000 (2,707,000) 2,993,000 (1,325,000) 1,668,000 18% 9,102,000 (J) (K) Vehicle Reserve 451,654 728,607 (253,607) 475,000 (47,000) 428,000 342,000 770,000 200,000 (K) (L) Facility Fees 2,034,180 1,906,534 (106,534) 1,800,000 286,000 2,086,000 (309,000) 1,777,000 (L) (M) Deferred Liability 113,826 120,249 4,751 125,000 3,000 128,000 3,000 131,000 I ' , 125,000 (M) $ 1.092.773 $ 15,200,000 $ (2.455.000) $ 12,745,000 $ (931.000) $ 11,814,000 $ 16,940,000 Total Reserves $ 13.841.792 $ 14,107,227 (A) DC 3.01.04 - Electric General Fund cash reserve equal to one half of the annual budgeted operating expenses, excluding depreciation and purchased power* * the addition of the words to exclude 'purchased power' is a recommended 2021 change to District Code wording for Electric's General Fund cash reserve goals (B) DC 3.01.04 -Electric Rate Reserve minimum cash reserve equal to six months of the budgeted cost of purchased power (C) DC 3.01.05 -Electric Capital Reserve goal equal to the average annual budget for capital replacement (D) no specific DC for Electric Vehicle Reserve goal, staff recommends a goal of $200,000 minimum balance to enable ability to address unplannned / unexpected needs. (E) Electric Facility Fees managed by facility fee restrictions for use. (F) DC 3.01.04 - Electric Deferred Liability reserve intent is to provide reserves for unfunded liabilities such as pension costs; reserve goal established by Board annually. (G) AB32 Cap & Trade funds are restricted; use of funds lowers rates revenue requirement. (H) DC 3.01.04 - Water General Fund cash reserve equal to one half of the annual budgeted operating expenses, excluding depreciation (J) DC 3.01.05 -Water Capital Reserve goal equal to the average annual budget for capital replacement (K) no specific DC for Water Vehicle Reserve goal, staff recommends a goal of $200,000 minimum balance to enable ability to address unplannned / unexpected needs. (L) Water Facility Fees managed by facility fee restrictions for use. (M) DC 3.01.04 - Water Deferred Liability reserve intent is to provide reserves for unfunded liabilities such as pension costs; reserve goal established by Board annually. District Code (DC) 10/23/2025 4:25 PM I:\BUDGET\CYB\Central\Financial Master Plan.xlsx Reserves 7 - Financial Master Plan - page 3 of 3 Page 276 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) Purchased Power Costs ($ in thousands) $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 $15,615 $14,924 $14,582 $15,144 $14,300 $13,394 2020 2021 2022 2023 2024 B 2024 A 2025 B 2025 F 2026 B 2027 B 8 - Purchased Power - page 1 of 2 Page 277 of 312 TDPUD Budget FY2026 and FY2027 (11/5/2025 PH) Purchased Power Detail $ 170,000 Renewables(cc4/908.768) $ 14,412,000 Puchased Power (GL 555) $ 14,582,000 Puchased Power (Total) Total Enviro.Compliance/other NVE - Transmission NVE - EIM TCID Stampede UAMPS, Net Total POOL TRANS -JORDAN OUT SCHED PX PV WIND NEBO HORSE BUTTE VEYO FALLON/TDPUD RED MESA Other Costs UAMPS MWH Budaet 2026 MWH Cost $/MWH 180,000 $ 14,582,000 $ 81.01 $ 116,000 $ 0.64 $ 848,000 $ 4.71 $ 236,000 $ 1.31 9,600 $ 476,000 $ 49.58 170,400 $ 12,906,000 $ 75.74 45,278 $ 2,846,988 $ 62.88 12,000 $ 1,071,037 $ 89.25 $ 30,000 $ 0.17 5,770 $ 609,176 $ 105.58 395 $ 27,117 $ 68.65 27,215 $ 2,360,600 $ 86.74 41,136 $ 3,203,821 $ 77.88 9,386 $ 939,479 $ 100.09 13,220 $ 575,213 $ 43.51 16,000 $ 839,569 $ 52.47 $ 403,000 $ 2.24 Actual 2022 181,953 Actual 2023 179,867 3yr average Actual 2024 172,684 178,168 LTM 6/2025 172,115 Budget 2026 180,000 1.0% Budget 2027 181,500 0.8% Budget 2027 MWH Cost /MWH 181,500 $ 15,144, 000 $ 83.44 <LTM trend, adj. for billing € <LTM trend, adj. for billing € < not currently planned source <MWH-3yrAvg, $ current trend MWH used UAMPS current trends and 3yr average analysis, adjusting for known mix changes 8 - Purchased Power - page 2 of 2 Page 278 of 312 Resolution No. 2025-29 ADOPTING THE BUDGET AND OVERHEAD RATES FOR FY26 and FY27 WHEREAS The Board of Directors adopted a Mission Statement, Values, and Strategic Plan for the District; and WHEREAS District staff used the above aforementioned to prepare a draft FY26 and FY27 Budget; and WHEREAS the Board of Directors, Staff, and the public participated in budget workshops in the months of July, August, and October of 2025; and WHEREAS on October 15, 2025, the Board of Directors received a draft FY26 and FY27 Budget; and WHEREAS on November 5, 2025, a public hearing was held regarding draft FY26 and FY27 Budget and was continued to November 19, 2025; and WHEREAS the Board of Directors accepts the organization changes as outlined in the FY26 and FY27 Budget; and WHEREAS the budget for District operations and capital spending for the years FY26 and FY27 describes accounting overhead allocation rates for labor, transportation, administration, and construction costs; and NOW THEREFORE BE IT RESOLVED by the Board of Directors of Truckee Donner Public Utility District as follows: A. The FY26 and FY27 Budget is hereby adopted; B. The General Manager and Staff are authorized to implement the biennial FY26 and FY27 Budget; C. The following Budget overhead allocation rates are adopted; Overhead Type FY26 FY27 Labor 90.88% 92.34% Transportation $ 22.21 $ 23.12 Administration 3.57% 3.64% Construction 20.85% 21.35% 1 Page 279 of 312 D. Approve the budgeted transfers needed to balance the FY26 and FY27 Budget. PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the District on the 19th of November 2025 by the following roll call vote: AYES: ABSTAIN: NOES: ABSENT: TRUCKEE DONNER PUBLIC UTILITY DISTRICT By Christa Finn, Board President ATTEST: Brian Wright, General Manager 2 Page 280 of 312 TRUCKEE DONNER Public Utility District MEETING DATE: November 19, 2025 TO: Board of Directors AGENDA ITEM #9 FROM: Neil Kaufman, System Engineer Chad Reed, Water Utility Director SUBJECT: Consideration of Closeout of the 6170 Tank A Interior Coating Rehabilitation Construction Contract _tom APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Adopt Resolution 2025-30 accepting the 6170 Tank A Interior Coating Rehabilitation project as complete and authorize the filing of the Notice of Completion. BACKGROUND: In June 2025, the Board awarded a construction contract for the 6170 Tank A Interior Coating Rehabilitation project to Resource Development Company (RDC). The original bid price was $498,650. The Board also established a ten percent change order allowance of $49,850 for a total authorization not to exceed $548,500. RDC began work in July 2025 and completed the project in early October 2025. The tank is now back in service. The bid schedule for the project covered five items. Item Amount Mobilization $22,200 Welding repairs $8,750 Exterior coating repairs after welding repairs $13,000 Interior recoating $448,700 All Other Work Required by the Contract Documents $6,000 Total $498,650 The work performed is complete and staff recommends acceptance by the District. Page 1 of 3 Page 281 of 312 Resolution 2025-30 and the Notice of completion have been included with this staff report as Attachment 1. ANALYSIS AND BODY: Based on the inspection reports prior to the project, it was believed that welding repairs would not be necessary. However, the second and third bid items were included as a contingency in the event more damage was revealed after removal of the interior coating. After the interior coating was removed, it was confirmed that welding repairs would not be necessary. There were no change order requests during the project. Therefore, the final contract price is: Item Amount Mobilization $22,200 Welding repairs $0 Exterior coating repairs after welding repairs $0 Interior recoating $448,700 All Other Work Required by the Contract Documents $6,000 Total $476,900 GOALS AND OBJECTIVES: District Code 1.05.020 Objectives: 1. Responsibly serve the public. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 6. Manage the District in an effective, efficient and fiscally responsible manner. District Code 1.05.030 Goals: 1. Manage for Financial Stability and Resiliency 4. Modernize the utility and add value to our communities through collaboration and innovation. FISCAL IMPACT: The final contract price is $476,900, which is below the Board's authorized amount. This item was included in the total capital funding for FY 25, and was presented in the mid -year review. Staff projects the FY 25 capital funding to be within budget, which included $952,000 for storage tank rehabilitation. In addition to the amount paid to RDC, the District incurred additional outside expenses for construction inspection on this project which were previously approved by the Board and were within the allowed budget. Page 2 of 3 Page 282 of 312 ATTACHMENTS: 1. Resolution 2025-30 Closeout 6170A Tank and Notice of Completion Page 3 of 3 Page 283 of 312 Resolution No. 2025-30 AUTHORIZING THE ACCEPTANCE OF THE 6170 TANK A INTERIOR COATING REHABILITATION PROJECT AND DIRECTING FILING OF THE NOTICE OF COMPLETION WHEREAS, the Board of Directors of the Truckee Donner Public Utility District made the determination to undertake the 6170 Tank A Interior Coating Rehabilitation project; and WHEREAS, Farr Construction Corporation (dba Resource Development Company) was selected by the District to perform the work in June 2025; and WHEREAS, Farr Construction Corporation (dba Resource Development Company) has completed all of the Work included in the Project; and NOW THEREFORE BE IT RESOLVED by the Board of Directors of the District as follows 1. That the District hereby accepts the 6170 Tank A Interior Coating Rehabilitation project as complete. 2. That the Clerk of the District be directed to file with the County of Nevada the Notice of Completion, a copy of which is attached hereto. 3. That 35 days following the filing of the Notice of Completion, the monies retained from the contractor payments be released to the contractor if no claims have been made to the District by material suppliers or laborers. PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the District on the 19th day of November 2025, by the following roll call vote: AYES: NOES: ABSTAIN: ABSENT: TRUCKEE DONNER PUBLIC UTILITY DISTRICT By Christa Finn, President of the Board ATTEST: Brian Wright, General Manager Page 284 of 312 RECORDING REQUESTED BY: Truckee Donner Public Utility District WHEN RECORDED, RETURN TO: TRUCKEE DONNER PUBLIC UTILITY DISTRICT Brian Wright, General Manager 11570 Donner Pass Road Truckee, CA 96161-4947 THE UNDERSIGNED DECLARES DOCUMENTARY TRANSFER TAX - NONE NOTICE OF COMPLETION NOTICE IS HEREBY GIVEN: 1. That the name and address of the public entity for whom the improvement project was done, as owner thereof, is the Truckee Donner Public Utility District, 11570 Donner Pass Road, Truckee, CA 96161. 2. Nature of interest or estate of owner: beneficial interest of a public utility of electric and water facilities. 3. That on November 19, 2025 the hereinafter described improvements were accepted as complete pursuant to Resolution 2025-30 of the Truckee Donner Public Utility District, the awarding authority. 4. That the subject improvements of the notice are generally described and identified as follows: 6170 Tank A Interior Coating Rehabilitation project. 5. That the name and address of the contractor for such project was: Farr Construction Corporation (dba Resource Development Company), 1050 Linda Way, Sparks, Nevada 89431. Dated: I certify under penalty of perjury under the laws of the State of California that the foregoing is true and correct. TRUCKEE DONNER PUBLIC UTILITY DISTRICT Brian Wright, General Manager MAIL TAX STATEMENTS TO: SAME AS ABOVE Legal References: CC-3093,CCP-2003 (oath), 2015.5 (unsworn statement) Page 285 of 312 AGENDA ITEM #10 MEETING DATE: November 19, 2025 TO: Board of Directors FROM: Michael Salmon, Chief Financial Officer SUBJECT: Consideration to Approve a 12 -month Term Extension to the Memorandum of Understanding with Grays Crossing F, LLC Related to APN 043-010-007-000 c3 _tom APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Authorize the General Manager to execute a 12 -month extension to the Memorandum of Understanding with Grays Crossing F, LLC regarding APN# 043-010-007-000. BACKGROUND: At the January 5, 2022, Board of Directors regular meeting, the Board authorized the General Manager to execute a Memorandum of Understanding (MOU) with Grays Crossing F, LLC (Developer) regarding APN# 043-010-007-000 (Attachment 1); accepting full payment for all installment special tax amounts past due, in exchange for waiving current Penalty and Interest amounts due. The MOU's Term is specified as follows: 6. Term. The term of this Agreement shall be eighteen (18) months ("Initial Term"). In the event of expiration of any appeals period(s) applicable to the Town's final approval of the Entitlements without legal challenge has not occurred within eighteen (18) months of the Effective Date, the Developer shall have an additional six (6) months to avail itself of the benefits described in Section 2 above ("Extended Term"). The Initial Term and Extended Term are hereinafter collectively referred to as the "Term"). The MOU was signed on June 7, 2022, providing a 24 -month expiration date of June 6, 2024. On June 5, 2024, the Board approved an 18 -month extension (initial 18 months + initial additional 6 months + amendment #1 additional 18 months = 42 months total) to the MOU, providing for an amended expiration date of December 6, 2025. ANALYSIS AND BODY: Page 1 of 3 Page 286 of 312 The Developer has indicated that the planning and approval process for the Town of Truckee has taken longer than anticipated. The developer anticipates final review by the Town of Truckee Planning Commission in Q1 of 2026 and has requested an additional extension to the term of the MOU. Staff believes that an amendment to the MOU, which provides a term extension of another 12 months, would benefit both the developer and the Gray's Crossing Community Services District (CFD). This 2nd amendment keeps the initial term of 18 months, then adds 48 months (instead of the original addition of 6 months). Accordingly, with this 2nd amendment to the Term section of the MOU (paragraph 6), the new expiration date of the MOU is December 6, 2026. The amendment #2 paragraph 6 of wording, would be as follows: The Parties hereby agree to amend paragraph 6. Term of Agreement in its entirety to read as follows: 6. Term. The terra of this Agreement shall be eighteen (18) months ("initial Term"). In the event expiration of any appeals period(s) applicable to the Town's final approval of the Entitlements without legal challenge has not occurred within eighteen (18) months of the Effective Date, Developer shalt have an additional fourtyr-eight (48) months to avail itself of the benefits described in Section 2 above ("Extended Term"). The initial Term and Extended Term are hereinaftercollectivelyreferred to as the "Term"). Except as amended by this Amendment, all other provisions of the Agreement remain in full force and effect. From and after the date of this Amendment. whenever the term "Agreement" appears in the Agreement, it shaLL mean the Agreement as amended by this Amendment. GOALS AND OBJECTIVES: District Code 1.05.020 Objectives: 1. Responsibly serve the public. 6. Manage the District in an effective, efficient and fiscally responsible manner. District Code 1.05.030 Goals: 1. Manage for Financial Stability and Resiliency 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Modernize the utility and add value to our communities through collaboration and innovation. FISCAL IMPACT: There is no direct fiscal impact to the District. The Gray's Crossing CFD would benefit if this parcel, through this MOU, makes payment on delinquent tax assessments. ATTACHMENTS: GC - Parcel F - TDPUD MOU (executed) Page 2 of 3 Page 287 of 312 Page 3 of 3 Page 288 of 312 DocuSign Envelope ID: C67BB620-6AFE-4C35-A8FO-38C8CA391239 GRAY'S CROSSING PARCEL F AGREEMENT This GRAY'S CROSSING PARCEL F AGREEMENT ("Agreement") dated for reference purposes only as of May 19, 2022, is made by and between the TRUCKEE DONNER PUBLIC UTILITY DISTRICT, a public utility district ("District") and GRAY'S CROSSING F, LLC, a Delaware limited liability company ("Developer"). District and Developer are collectively referred to herein as the "Parties". RECITALS A. An affiliate of Developer has entered into a binding purchase and sale agreement ("PSA") for that certain property located in the Town of Truckee ("Town"), County of Nevada, State of California, known as Assessor's Parcel Number 043-010-007-000 and described in Exhibit A attached hereto ("Property"). B. Such PSA would require Developer at the close of escrow to assume all existing delinquent Mello -Roos special tax liabilities associated with Community Facilities District No. 04-01 (Gray's Crossing) (the "CFD") and applicable to the Property. C. District's Board of Directors, formed the CFD under the provisions of the Mello - Roos Community Facilities Act of 1982, as amended, being Chapter 2.5, Part 1, Division 2, Title 5, of the Government Code of the State of California. District is authorized to levy special taxes upon land within the CFD, including the Property, and has issued one or more series of bonds to provide financing for infrastructure and other public capital improvements to be owned and operated by District. D. Developer intends to pursue the Entitlements (as defined below) for the Property that would enable Developer to develop the Property and pay the Principal Amount (as defined below). E. District acknowledges that Developer would not close escrow and acquire the Property but for District's agreement to waive all applicable penalties and interest upon payment of the Principal Amount pursuant to the terms and conditions set forth below. NOW, THEREFORE, based on the terms and conditions herein set forth, the Parties agree as follows: AGREEMENT 1. Pursuit of Entitlements. Following execution of this Agreement and acquisition of the Property, Developer intends to seek project level entitlements to develop the Property as desired by Developer from the Town (collectively, "Entitlements"). Obtaining the Entitlements is not a covenant of Developer. 2. Forgiveness of Penalties and Interest. Upon expiration of any appeals period(s) applicable to the Town's final approval of the Entitlements without legal challenge, Developer shall, within ninety (90) days of the expiration of such appeals period(s), pay to District all amounts 1 Page 289 of 312 DocuSign Envelope ID: C67BB620-6AFE-4C35-A8FO-38C8CA391239 necessary to both (a) satisfy the judgment(s) obtained by or on behalf of the District related to the delinquent special taxes less the applicable penalties and interest associated therewith that are forgiven pursuant to the remainder of this Section 2 ("Principal Amount") and (b) any currently due special taxes. Upon such payment, District shall immediately waive all applicable penalties and interest to the maximum extent permitted by law. As December 31, 2021, the Principal Amount totals $1,706,214 and applicable penalties and interest total $1,863,834. The Parties acknowledge that the Principal Amount as well as the applicable penalties and interest will increase before Developer's payment pursuant to the terms and conditions of this Agreement. District hereby agrees that in exchange for Developer's payment of the Principal Amount and any currently due special taxes, District shall waive all applicable penalties and interest accruing with respect to special taxes that were delinquent at the time of Developer's acquisition of the Property until such time as the Principal Amount and any currently due special taxes are paid pursuant to the terms and conditions of this Agreement. Developer hereby represents to District that as of the Effective Date, Developer is not responsible for any portion of the delinquencies or applicable penalties and interest attributable thereto as described herein. 3. District Findings. By its approval of this Agreement, the Board of Directors of District hereby finds and determines that: (a) the waiver of all applicable penalties and interest described herein shall apply only to the Property and the special tax applicable to the Property that was delinquent at the time of the Developer's acquisition of the Property; (b) such waiver shall only be available to the Property at such time as the Principal Amount and currently due special taxes and all other costs (excluding all applicable penalties and interest) are paid in full, which shall occur within the time periods described in Sections 6 below; (c) the Property will have been sold or otherwise transferred to new owners unrelated to the owner(s) responsible for the delinquencies as of the Effective Date; and (d) said waiver is in the best interest of the owners of the bonds in that it will result in the curing of a significant special tax delinquency and facilitate development of the Property thereby reducing the likelihood of future special tax delinquencies. 4. Limitations. Nothing contained in this Agreement is intended in any way to limit District's ability to continue to diligently pursue foreclosure proceedings until the delinquent special taxes applicable to the Property are paid. 5. Effective Date. This Agreement shall become effective upon the date of the last signature below. 6. Term. The term of this Agreement shall be eighteen (18) months ("Initial Term"). In the event expiration of any appeals period(s) applicable to the Town's final approval of the Entitlements without legal challenge has not occurred within eighteen (18) months of the Effective Date, Developer shall have an additional six (6) months to avail itself of the benefits described in Section 2 above ("Extended Term"). The Initial Term and Extended Term are hereinafter collectively referred to as the "Term"). 7. Waiver. Waiver by a party of any of the covenants or agreements herein contained on the part of the other party to be kept or performed shall not be construed as constituting a waiver of the same or of any other covenant as to breach or default subsequently arising or as the waiver of a subsequent breach of any of the covenants hereunder. 2 Page 290 of 312 DocuSign Envelope ID: C67BB620-6AFE-4C35-A8FO-38C8CA391239 8. Remedies Cumulative. The rights and remedies of each party under this Agreement are cumulative and not exclusive of any rights or remedies to which such party is entitled by law. The exercise by a party of any right or remedy under this Agreement or under applicable law will not preclude such party from exercising any other right or remedy under this Agreement or to which the Parties are entitled by law. 9. Binding on Heirs and Successors. This Agreement shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors and assigns of the Parties hereto. 10. Costs of Dispute. In the event of a dispute arising from or relating to the terms of this Agreement or the breach hereof, the party prevailing in such dispute shall be entitled to recover all expenses, including, without limitation, reasonable attorneys' fees and expenses, incurred in ascertaining such party's rights, in preparing to enforce, and in enforcing such party's rights under this Agreement, whether or not it was necessary for such party to institute adjudicatory proceedings. Expenses shall include but not be limited to, court costs as well as consultants' and experts' fees and costs. 11. Notices. Except as otherwise expressly provided by law, any and all notices or other communication required or permitted by this Agreement or by law to be served on or given to either party hereto by the other party hereto shall be in writing and shall be deemed duly served and given when personally delivered to the party to whom it is directed, sent by facsimile transmission, sent via electronic message to the party's email address(es) set forth below, or when deposited in the United States mail, first-class postage prepaid, addressed as follows. If not sent via electronic message originally, any notice or other communication must also be sent via electronic message to the party's email address(es) set forth below. District: Truckee Donner PUD 11570 Donner Pass Rd Truckee, CA 96161 Attn: Michael Salmon (MichaelSalmon@tdpud.org) Developer: GRAY'S CROSSING F, LLC, P8 GC I, LLC 13051 Fairway Drive Truckee, CA 961616 Attn: Hayes Parzybok (hwp@paradigm8.com) Brian Helm (bhelm@paradigm8.com) Either party may change their address for the purpose of this paragraph by giving written notice of such change to the other party in the manner provided in this paragraph. 12. Time. Time is of the essence of this Agreement and each and all of its provisions in which performance is a factor. 13. No Joint Venture or Partnership. Nothing contained in this Agreement is intended or should be construed to create a partnership or joint venture relationship between the Parties. 3 Page 291 of 312 DocuSign Envelope ID: C67BB620-6AFE-4C35-A8FO-38C8CA391239 14. Entire Agreement. This instrument contains the entire agreement of the Parties relating to the rights granted and obligations assumed in this Agreement. Any oral representations or modifications concerning this instrument not contained herein shall be of no force or effect unless contained in a subsequent written modification signed by the party to be charged. 15. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which, together, shall constitute but one and the same instrument. An electronic, digital, or facsimile signature shall be deemed an original signature. 16. Further Assurances. Each party agrees that it will execute and acknowledge such documents reasonably requested by the other to carry out the terms, purposes, and intent of this Agreement. 17. Governing Law. This Agreement shall be construed and interpreted in accordance with the laws of the State of California. 18. Interpretation. Notwithstanding the fact that one or more provisions of this Agreement may have been drafted by one of the Parties to this Agreement, such provisions shall be interpreted as though they were the product of a joint drafting effort and no provision shall be interpreted against a party on the ground that said party was solely or primarily responsible for drafting the language to be interpreted. 19. Exhibits and Recitals. The exhibits attached to this Agreement and the Recitals are made a part of this Agreement by this reference. The Parties hereto have executed this Agreement on the dates written opposite the signatures of the Parties below. District TRUCKEE DONNER PUBLIC UTILITY DISTRICT, a public utility district 6/9/2022 DocuSigned by: Dated: , 2022 CS Brian Wright By: Its: General Manager 4 Page 292 of 312 DocuSign Envelope ID: C67BB620-6AFE-4C35-A8F0-38C8CA391239 6/7/2022 Dated: , 2022 Developer GRAY'S CROSSING F, LLC, a Delaware limited liability company By: P8 Management, Inc., a Nevada corporation its Manager Lt DocuSignedd by; l�e� Pk v �d o� : A4C34CDFE746457... By: Hayes Parzybok Its: CEO 5 Page 293 of 312 DocuSign Envelope ID: C67BB620-6AFE-4C35-A8FO-38C8CA391239 Exhibit A Legal Description of Property Real property in the Town of Truckee, County of Nevada, State of California, described as follows: Lot F as shown on the Map entitled "Gray's Crossing Phase 3 - Final Map No. 02-007" filed May 10, 2007 in Book 8 of Subdivisions, Page 168, Nevada County Records. APN: 043-010-007-000 6 Page 294 of 312 TRUCKEE DONNER Public Utility District MEETING DATE: November 19, 2025 TO: Board of Directors AGENDA ITEM #11 FROM: Neil Kaufman, System Engineer Chad Reed, Water Utility Director SUBJECT: Consideration of Closeout of the District 2025 Pipeline Replacement Construction Contract c3_tom4L APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Adopt Resolution 2025-31 accepting the District Pipeline Replacement — 2025 project as complete and authorize the filing of the Notice of Completion. BACKGROUND: In February 2025, the Board awarded the construction contract for the District Pipeline Replacement — 2025 project to Heavy Equipment of Truckee, California. The project covered replacement of approximately 4,500 feet of pipeline along three streets in the Sierra Meadows area. The original bid price was $1,976,713.33. The Board also established a ten percent change order allowance of $197,836.67 for a total authorization not to exceed $2,174,500. In May 2025, Heavy Equipment began work on the project and completed the project in the allowed time and under budget. District staff recently performed a final walkthrough on the project. ANALYSIS AND BODY: The work performed is complete and staff recommends acceptance by the District. Attached is a Resolution 2025-31 and the Notice of Completion (Attachment 1) accepting the project and directing that a Notice of Completion be filed. There were three change order requests during the course of the project. These issues covered: • Installation of some additional elbows on Red Fir Road; • Sectioning in a segment of new pipeline instead of a hot tap at the intersection of Sugar Pine Road and Martis Valley Road; and Page 1 of 3 Page 295 of 312 • Additional temporary paving at the intersection of Sugar Pine Road and Martis Valley Road and at the intersection of Star Pine Road and Martis Valley Road The contract is based on a unit price bid. "Actual vs Bid" (Attachment 2) shows the differences between bid totals and the amounts actually constructed. This analysis results in a $99,493.72 credit to the District. This difference results mainly from minor overestimates in bid quantities for the amount of paving and for the total length of service laterals. GOALS AND OBJECTIVES: District Code 1.05.020 Objectives: 1. Responsibly serve the public. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 5. Manage the District in an environmentally sound manner. 6. Manage the District in an effective, efficient and fiscally responsible manner. District Code 1.05.030 Goals: 1. Manage for Financial Stability and Resiliency 4. Modernize the utility and add value to our communities through collaboration and innovation. FISCAL IMPACT: The original bid price was $1,976,713.33. Once adjustments are made for the items described above, the final contract price is $1,915,269.61, which is below the Baord's authorized amount . Item Original bid price dditional elbows on Red Fir Road Pipeline section — Sugar Pine Road & Martis emporary paving Reconciliation of bid vs. actual quantities otal Amount $1,976,713.33 $2,000.00 Valley Road$32,000.00 $4,050.00 ($99,493.72) $1.915.269.61 The funding source for this project is the Water Department Capital Funds. This item was included in the total capital funding for fy25, and was presented in the mid -year review. Staff is projecting the total capital funding will be within the budgeted amount. In addition to the amount paid to Heavy Equipment, the District has incurred additional outside expenses for pre -construction environmental surveys, construction inspection, and geotechnical testing. All of these additional services were previously authorized by the Board. ATTACHMENTS: 1. Resolution 2025-31 and Notice of Completion Page 2 of 3 Page 296 of 312 Bid vs Actual 2025 Pipeline Replacement Page 3 of 3 Page 297 of 312 Resolution No. 2025-31 AUTHORIZING THE ACCEPTANCE OF THE DISTRICT PIPELINE REPLACEMENT -2025 PROJECT AND DIRECTING FILING OF THE NOTICE OF COMPLETION WHEREAS, the Board of Directors of the Truckee Donner Public Utility District made the determination to undertake the District Pipeline Replacement -2025 project; and WHEREAS, Heavy Equipment Inc. was selected by the District to perform the work; and WHEREAS, Heavy Equipment Inc. has completed all of the Work included in the Project; and NOW THEREFORE BE IT RESOLVED by the Board of Directors of the District as follows: 1. That the District hereby accepts the District Pipeline Replacement -2025 project as complete. 2. That the Clerk of the District be directed to file with the County of Nevada the Notice of Completion, a copy of which is attached hereto. 3. That 35 days following the filing of the Notice of Completion, the monies retained from the contractor payments be released to the contractor if no claims have been made to the District by material suppliers or laborers. PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the District on the 19th day of November 2025, by the following roll call vote: AYES: NOES: ABSTAIN: ABSENT: Il IUIe]:/. UJ 3U[sill IIN11rda]6.111[s I By Christa Finn, President of the Board ATTEST: Brian Wright, General Manager Page 298 of 312 RECORDING REQUESTED BY: Truckee Donner Public Utility District WHEN RECORDED, RETURN TO: TRUCKEE DONNER PUBLIC UTILITY DISTRICT Brian Wright, General Manager 11570 Donner Pass Road Truckee, CA 96161-4947 THE UNDERSIGNED DECLARES DOCUMENTARY TRANSFER TAX - NONE NOTICE OF COMPLETION NOTICE IS HEREBY GIVEN: 1. That the name and address of the public entity for whom the improvement project was done, as owner thereof, is the Truckee Donner Public Utility District, 11570 Donner Pass Road, Truckee, CA 96161. 2. Nature of interest or estate of owner: beneficial interest of a public utility of electric and water facilities. 3. That on November 19, 2025 the hereinafter described improvements were accepted as complete pursuant to Resolution 2025-31 of the Truckee Donner Public Utility District, the awarding authority. 4. That the subject improvements of the notice are generally described and identified as follows: District Pipeline Replacement -2025 project. 5. That the name and address of the contractor for such project was: Heavy Equipment Inc., Hansen Bros. Enterprises, PO Box 11050, Truckee, California 96162. Dated: I certify under penalty of perjury under the laws of the State of California that the foregoing is true and correct. TRUCKEE DONNER PUBLIC UTILITY DISTRICT By Brian Wright, General Manager MAIL TAX STATEMENTS TO: SAME AS ABOVE Legal References: CC-3093,CCP-2003 (oath), 2015.5 (unsworn statement) Page 299 of 312 Analysis of Bid Quantities vs. Actual Quantities Constructed District Pipeline Replacement - 2025 Contractor: Heavy Equipment Bid Item Description Bid Amounts Actual Amounts Quantity Units Unit Price Subtotal Quantity Units 1 Unit Price Subtotal 1 Mobilization 1 LS $ 2,132.33 $ 2,132.33 1 LS $ 2,132.33 $ 2,132.33 1A 8" Water Main 2,285 FT $ 200.00 $ 457,000.00 2,285 FT $ 200.00 $ 457,000.00 1 B 2" PE Water Service Lateral 780 FT $ 100.00 $ 78,000.00 581 FT $ 100.00 $ 58,100.00 1C Single Water Service (SS) 5 EA $ 2,500.00 $ 12,500.00 5 EA $ 2,500.00 $ 12,500.00 1D Double Water Service (DS) 12 EA $ 2,500.00 $ 30,000.00 12 EA $ 2,500.00 $ 30,000.00 1E Connect to Existing Single Water Service 2 EA $ 1,000.00 $ 2,000.00 2 EA $ 1,000.00 $ 2,000.00 1F Fire Hydrant Assembly 2 EA $ 25,000.00 $ 50,000.00 2 EA $ 25,000.00 $ 50,000.00 1 G Cross/Valve/Fire Hydrant Assembly at Station 2+66 1 LS $ 32,000.00 $ 32,000.00 1 LS $ 32,000.00 $ 32,000.00 1H Cross/Valve Assembly at Station 11+88 1 LS $ 15,000.00 $ 15,000.00 1 LS $ 15,000.00 $ 15,000.00 11 Tee/Valve Assembly at Station 14+18 1 LS $ 15,000.00 $ 15,000.00 1 LS $ 15,000.00 $ 15,000.00 1J Tee/Valve Assembly at Station 18+78 1 LS $ 15,000.00 $ 15,000.00 1 LS $ 15,000.00 $ 15,000.00 1K Cross/Valve Assembly at Station 22+63 1 LS $ 25,000.00 $ 25,000.00 1 LS $ 25,000.00 $ 25,000.00 1L Connection to Existing 8" DI Pipe at Station 0+00 1 LS $ 4,000.00 $ 4,000.00 1 LS $ 4,000.00 $ 4,000.00 1M Connection to Existing 8" Steel Pipe at Station 22+84.47 1 LS $ 4,000.00 $ 4,000.00 1 LS $ 4,000.00 $ 4,000.00 1 N Rock Excavation 40 HRS $ 500.00 $ 20,000.00 12 HRS $ 500.00 $ 6,000.00 1O AC Pavement and Base - (trench restoration) — Placer County 3,200 SF $ 9.00 $ 28,800.00 3200 SF $ 9.00 $ 28,800.00 1P Additional '/2" Thickness of AC Pavement (trench restoration) — Placer County 3,200 SF $ 0.63 $ 2,016.00 9600 SF $ 0.63 $ 6,048.00 1Q AC Pavement and Base - (trench restoration) — Town of Truckee 17,000 SF $ 9.00 $ 153,000.00 11,130 SF $ 9.00 $ 100,170.00 1 R Additional '/2" Thickness of AC Pavement (trench restoration) — Town of Truckee 17,000 SF $ 0.63 $ 10,710.00 33,750 SF $ 0.63 $ 21,262.50 1S All Other Work Required by the Contract Documents 1 LS $ 20,000.00 $ 20,000.00 1 LS $ 20,000.00 $ 20,000.00 2A 8" Water Main 1,519 FT $ 200.00 $ 303,800.00 1,517 FT $ 200.00 $ 303,400.00 2B 2" PE Water Service Lateral 600 FT $ 100.00 $ 60,000.00 446 FT $ 100.00 $ 44,600.00 2C Double Water Service (DS) 14 EA $ 2,500.00 $ 35,000.00 14 EA $ 2,500.00 $ 35,000.00 2D Double Water Service with One Lot Vacant (DSV) 1 EA $ 2,000.00 $ 2,000.00 1 EA $ 2,000.00 $ 2,000.00 2E Connect to Existing Single Water Service 1 EA $ 2,500.00 $ 2,500.00 1 EA $ 2,500.00 $ 2,500.00 2F Fire Hydrant Assembly 3 EA $ 25,000.00 $ 75,000.00 3 EA $ 25,000.00 $ 75,000.00 2G Tee/Valve/Fire Hydrant Assembly at Station 5+80 1 LS $ 15,000.00 $ 15,000.00 1 LS $ 15,000.00 $ 15,000.00 2H Connection to Existing 6" Steel Pipe at Station 0+00 1 LS $ 5,000.00 $ 5,000.00 1 LS $ 5,000.00 $ 5,000.00 21 Connection to New Valve/Cross Assembly at Station 0+29 1 LS $ 5,000.00 $ 5,000.00 1 LS $ 5,000.00 $ 5,000.00 2J Connection to Existing 8" Steel Pipe at Station 15+18.35 1 LS $ 15,000.00 $ 15,000.00 1 LS $ 15,000.00 $ 15,000.00 2K Rock Excavation 30 HRS $ 500.00 $ 15,000.00 14 HRS $ 500.00 $ 7,000.00 2L Asphalt Cement Dike 30 LF $ 100.00 $ 3,000.00 19 LF $ 100.00 $ 1,900.00 2M AC Pavement and Base (trench restoration) 13,000 SF $ 9.00 $ 117,000.00 14,584 SF $ 9.00 $ 131,251.50 2N Additional 1/2 Thickness of AC Pavement (trench restoration) 13,000 SF $ 0.63 $ 8,190.00 29,167 SF $ 0.63 $ 18,375.21 2O All Other Work Required by the Contract Documents 1 LS $ 20,000.00 $ 20,000.00 1 LS $ 20,000.00 $ 20,000.00 3A 6" Water Main 667 FT $ 300.00 $ 200,100.00 650 FT $ 300.00 $ 195,000.00 3B 2" PE Water Service Lateral 180 FT $ 50.00 $ 9,000.00 188 FT $ 50.00 $ 9,400.00 3C Single Water Service (SS) 1 EA $ 2,500.00 $ 2,500.00 1 EA $ 2,500.00 $ 2,500.00 3D Double Water Service (DS) 3 EA $ 2,500.00 $ 7,500.00 3 EA $ 2,500.00 $ 7,500.00 3E Double Water Service With One Lot Vacant (DSV) 1 EA $ 2,000.00 $ 2,000.00 1 EA $ 2,000.00 $ 2,000.00 3F Connection to New 6" Gate Valve at Station 0+00 1 LS $ 5,000.00 $ 5,000.00 1 LS $ 5,000.00 $ 5,000.00 3G Connection to Existing 8" Steel Pipe at Station 6+66.30 1 LS $ 15,000.00 $ 15,000.00 0 LS $ 15,000.00 $ - 3H Rock Excavation 10 HRS $ 500.00 $ 5,000.00 0 HRS $ 500.00 $ - 31 AC Pavement and Base (trench restoration) 5,500 SF $ 9.00 $ 49,500.00 4,663 SF $ 9.00 $ 41,967.00 3J Additional '/2" Thickness of AC Pavement (trench restoration) 5,500 SF $ 0.63 $ 3,465.00 13,989 SF $ 0.63 $ 8,813.07 3K All Other Work Required by the Contract Documents 1 LS $ 20,000.00 $ 20,000.00 1 LS $ 20,000.00 $ 20,000.00 Total Amount of Bid $ 1,976,713.33 $ 1,877,219.61 Credit To The District $ (99,493.72) Page 300 of 312 TRUCKEE DONNER Public Utility District MEETING DATE: November 19, 2025 TO: Board of Directors FROM: Martina Rochefort, District Clerk/Executive Assistant SUBJECT: Approval of November 5, 2025 Board Meeting Minutes APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Consider approval of November 5, 2025 Board Meeting Minutes BACKGROUND: ANALYSIS AND BODY: GOALS AND OBJECTIVES: District Code 1.05.020 Objectives: 1. Responsibly serve the public. 6. Manage the District in an effective, efficient and fiscally responsible manner. FISCAL IMPACT: There is no fiscal impact associated with this item. ATTACHMENTS: 1. Minutes 2025-11-05 DRAFT Page 1 of 1 Page 301 of 312 TRUCKEE DONNER PUBLIC UTILITY DISTRICT REGULAR BOARD MEETING MINUTES TDPUD BOARD ROOM, 11570 DONNER PASS ROAD, TRUCKEE, CA 6:00 PM, WEDNESDAY, NOVEMBER 5, 2025 Call to Order Meeting was called to order at 6:02 p.m. f�#:Z.7I[€1II Directors Present: Courtney Murrell, Steve Randall, Jeff Bender, Vice President Tony Laliotis and President Christa Finn Staff in attendance: Brian Wright, General Manager; Scott Crow, Chief Information Officer/IT Director/Assistant General Manager; Mike Salmon, Chief Financial Officer; Chad Reed, Water Utility Director; Steven Poncelet, Public Information and Strategic Affairs Director; Jillian Steward, Director of Human Resources & Risk Management; Grant Sacks, Customer Service Manager; Steven Keates, Sustainability & Resource Strategies Sr. Analyst; Scott Botn, Risk Manager; Zander Thomassian, Network & Systems Administrator; Martina Rochefort, District Clerk/Executive Assistant Other Steve Gross, General Counsel 3. Pledge of Allegiance Director Murrell led the Pledge of Allegiance. 4. Changes to the agenda No changes were made to the agenda. 5. Public Comment No public comment was received. DIRECTOR UPDATE 6. Directors Laliotis and Murrell thanked the crews for their work on the Northwoods pole replacement project. DEPARTMENT UPDATES 7. Department updates were presented by Chad Reed, Water Utility Director; Mike Swanson, Director of Electric Operations & Engineering; Steven Poncelet, Public Information & Strategic Affairs Director, Jillian Steward, Director of Human Resources & Risk Management and Brian Wright, General Manager PUBLIC HEARING 8. Consideration to Adopt Ordinance 2025-02 Setting Electric Utility Rates for FY26 and FY27, including new Customer Generator rates and new Commercial Electric Vehicle Charger rates a) Conduct a Public Hearing for the purpose of receiving input on the adoption Page 302 of 312 TRUCKEE DONNER PUBLIC UTILITY DISTRICT REGULAR BOARD MEETING MINUTES TDPUD BOARD ROOM, 11570 DONNER PASS ROAD, TRUCKEE, CA 6:00 PM, WEDNESDAY, NOVEMBER 5, 2025 of proposed electric rates for FY26 and FY27, including new Customer Generator rates and new Commercial Electric Vehicle Charger rates; and b) Adopt Ordinance 2025-02 setting electric rates for FY26 and FY27, including new Customer Generator rates and new Commercial Electric Vehicle Charger rates; taking effect 30 days from adoption and implemented with the first bill printed after January 1st of each year beginning in 2026, as applicable. Public Hearing opened at 6:42 p.m. Michael Salmon, Chief Financial Officer, presented the item. No public comment was received. Public Hearing closed at 7:12 p.m. ACTION: Motion made by Director Laliotis to adopt Ordinance 2025-02 setting electric rates for FY26 and FY27 including new Customer Generator rates and new Commercial Electric Vehicle Charger rates; taking effect 30 days from adoption and implemented with the first bill printed after January 1St of each year beginning in 2026, as applicable, seconded by Director Murrell. AYES: Murrell, Randall, Bender, Laliotis and Finn NAYS: none ABSTAIN: none ABSENT: none Motion passed. 9. Conduct a Public Hearing regarding Budget FY26 & FY27 and Consideration of Adopting Resolution 2025-29 approving Budget for FY26 and FY27 a. Conduct a public hearing on the FY26 and FY27 Budgets; and b. Adopt Resolution 2025-29 approving the Budget for FY26 and FY27. Public Hearing opened at 7:14 p.m. CFO presented the item. No public comment was received. Discussion was held. Public Hearing closed at 7:26 p.m. Director Murrell asked if it was possible to delay the approval of the budget until the water rates are approved. Discussion was held. I•� Page 303 of 312 TRUCKEE DONNER PUBLIC UTILITY DISTRICT REGULAR BOARD MEETING MINUTES TDPUD BOARD ROOM, 11570 DONNER PASS ROAD, TRUCKEE, CA 6:00 PM, WEDNESDAY, NOVEMBER 5, 2025 ACTION: Motion made by Director Randall to keep the public hearing open to November 19, seconded by Director Murrell. AYES: Murrell, Randall, Bender, Laliotis and Finn NAYS: none ABSTAIN: none ABSENT: none Motion passed. Public Hearing reopened at 7:53 p.m. President Finn continued the item until November 19, 2025. CONSENT CALENDAR 10. Consideration of a Contract Amendment for Water Department Construction Inspection Services Authorize the General Manager to execute a contract amendment with CME Associates, Inc., in the amount of $75,000 for additional construction inspection services, resulting in a total not -to -exceed amount of $325,000. 11. Consideration to Increase the Contract Amount for the Well 20 Rehabilitation Project Authorize the General Manager to execute a contract amendment with Kaweah Pump INC., DBA Odell's Pump and Motor, for the Well 20 Rehabilitation Project increasing the amount by $15,000 resulting in a total not - to -exceed amount of $123,838. 12. Consider Approval of the Treasurer's Report, November 2025 Approve the Treasurer's Report for November 2025 which includes: a. Fund Balances for the Month of August 2025 b. Disbursements for the Month of September 2025 13. Approval of Board Meeting Minutes Consider approval of October 15, 2025 Meeting Minutes No public comment was received. ACTION: Motion made by Director Bender to approve the Consent Calendar as presented, seconded by Director Laliotis. AYES: Murrell, Randall, Bender, Laliotis and Finn 3 Page 304 of 312 TRUCKEE DONNER PUBLIC UTILITY DISTRICT REGULAR BOARD MEETING MINUTES TDPUD BOARD ROOM, 11570 DONNER PASS ROAD, TRUCKEE, CA 6:00 PM, WEDNESDAY, NOVEMBER 5, 2025 NAYS: none ABSTAIN: none ABSENT: none Motion passed. ACTION ITEMS 14. Consideration of an Appeal to the Board of Directors for Award of Property Damage Claim Review the details of the appeal to the Board of Directors pertaining to the Claim for Reimbursement of Property Damages submitted by Mr. Derrek Horn and make a determination as to the District's responsibility for reimbursement of claimed damages. General Manager presented the item. Mr. Horn also presented on his claim. No public comment was received. Discussion was held. ACTION: Motion made by Director Murrell to deny the appeal and full cost of replacement of the driveway and to reimburse the claimant for 25% or $2500 (whichever is less) of the total cost of the removal and replacement of the asphalt driveway by a licensed professional contractor based on the submitted estimate of repairs. Motion failed for lack of a second. Discussion was held. ACTION: Motion made by Director Laliotis to deny the appeal and reimburse the claimant for 35% or $3,500.00 (whichever is less) of the total cost of the removal and replacement of the asphalt driveway by a licensed professional contractor based on the submitted estimate of repairs. Director Laliotis amended his motion to include the option for claimant to choose reimbursement of complete cost of labor and materials for one-time driveway sealing, seconded by Director Bender. AYES: Randall, Bender, Laliotis and Finn NAYS: Murrell ABSTAIN: none ABSENT: none Motion passed. Meeting recessed at 8:53 p.m. Meeting reconvened at 9:02 p.m. C! Page 305 of 312 TRUCKEE DONNER PUBLIC UTILITY DISTRICT REGULAR BOARD MEETING MINUTES TDPUD BOARD ROOM, 11570 DONNER PASS ROAD, TRUCKEE, CA 6:00 PM, WEDNESDAY, NOVEMBER 5, 2025 15. Consideration for a Professional Services Contract to Conduct the District's FY2025 Annual Audit Authorize the Board President to execute a contract with Baker Tilly to conduct the FY25 annual audit, in an amount not to exceed $70,000, with an option to extend two years to FY26 at $75,000 and FY27 at $80,000, not to exceed. CFO presented the item. No public comment was received. Discussion was held. ACTION: Motion made by Director Bender to authorize the Board President to execute a contract with Baker Tilly to conduct the FY2025 Annual Audit, in an amount not to exceed $70,000, with an option to extend two years to FY26 at $75,000 and FY27 at $80,000 not to exceed, seconded by Director Finn. AYES: Murrell, Randall, Bender, Laliotis and Finn NAYS: none ABSTAIN: none ABSENT: none Motion passed. Director Bender recused himself for a real property interest on items 16 and 17 and departed the meeting at 9:11 p.m. 16. Consideration of Authorizing the General Manager to Execute the Agreement Regarding APN# 043-010-005-000. a. Determine that the waiver of current Penalty and Interest for APN# 043-010- 005-000 agreement complies with the requirements of Government Code section 53340(f); and b. Authorize the General Manager to execute the Agreement regarding APN# 043-010-005-000; accepting full payment for all installment special tax amounts past due, in exchange for waiving current Penalty and Interest amounts. CFO presented the item. No public comment was received. Discussion was held. ACTION: Motion made by Director Laliotis to authorize the General Manager to execute the Agreement regarding APN 043-010-005- 000; accepting full payment for all installment special tax amounts past due, in exchange for waiving current Penalty and Interest amounts as presented, seconded by Director Randall. AYES: Murrell, Randall, Laliotis and Finn NAYS: none ABSTAIN: none ABSENT: none Motion passed. 5 Page 306 of 312 TRUCKEE DONNER PUBLIC UTILITY DISTRICT REGULAR BOARD MEETING MINUTES TDPUD BOARD ROOM, 11570 DONNER PASS ROAD, TRUCKEE, CA 6:00 PM, WEDNESDAY, NOVEMBER 5, 2025 17. Consideration of Authorizing the General Manager to Execute the Agreement Regarding APN# 019-770-002-000. a. Determine that the waiver of current Penalty and Interest for APN# 019-770- 002-000 agreement complies with the requirements of Government Code section 53340(f); and b. Authorize the General Manager to execute the Agreement regarding APN# 019-770-002-000; accepting full payment for all installment special tax amounts past due, in exchange for waiving current Penalty and Interest amounts CFO presented the item. No public comment was received. Discussion was held. ACTION: Motion made by Director Laliotis to authorize the General Manager to execute the Agreement regarding APN 019-770-002- 000; accepting full payment for all installment special tax amounts past due, in exchange for waiving current Penalty and Interest amounts as presented, seconded by Director Randall. AYES: Murrell, Randall, Laliotis and Finn NAYS: none ABSTAIN: none ABSENT: none Motion passed. Director Bender rejoined the meeting at 9:24 p.m. 18. Consideration of Approval of a 2025 Q3 Power Cost Adjustment of $0.0105 credit per kWh Billed in December 2025, January 2026, and February 2026. Approve Power Cost Adjustment for 2025 Q3 of $0.0105 credit per kWh billed in December 2025, January 2026 and February 2026 and authorize the transfer of $237,900 from the electric operating fund to the electric rate reserve fund. CFO presented the item. No public comment was received. Discussion was held. ACTION: Motion made by Director Randall to approve Power Cost Adjustment for 2025 Q3 of $0.0105 credit per kWh billed in December 2025, January 2026 and February 2026 and authorize the transfer of $237,900 from the electric operating fund to the electric rate reserve fund as presented, seconded by Director Laliotis. AYES: Murrell, Randall, Laliotis and Finn NAYS: none ABSTAIN: none ABSENT: none 6 Page 307 of 312 TRUCKEE DONNER PUBLIC UTILITY DISTRICT REGULAR BOARD MEETING MINUTES TDPUD BOARD ROOM, 11570 DONNER PASS ROAD, TRUCKEE, CA 6:00 PM, WEDNESDAY, NOVEMBER 5, 2025 Motion passed. Open Session recessed at 9:31 p.m. General Counsel noted the Board will not hear item 19 in Closed Session. CLOSED SESSION 19. Closed Session Pursuant to Government Code§ 54956.9(d)(2) — Conference with Legal Counsel, Exposure to Litigation, One 20. Closed Session Pursuant to Government Code Section 54957 Public General Manager's Performance Plan Review Open Session reconvened at 9:44 p.m. President Finn noted there was no reportable action taken in Closed Session. ADJOURNMENT Meeting adjourned at 9:44 p.m. II 4uI'1 14=8'I.] I►I4:1 U1 ]I['11. 1141Wd916111:1[01 Christa Finn, President Respectfully Submitted, Martina Rochefort, District Clerk rA Page 308 of 312 TRUCKEE DONNER Public Utility District MEETING DATE: November 19, 2025 TO: Board of Directors AGENDA ITEM #13 FROM: Neil Kaufman, System Engineer Chad Reed, Water Utility Director SUBJECT: Consideration of the Hirschdale Pipeline Construction Contract APPROVED BY: Brian C. Wright, General Manager RECOMMENDATION: Authorize the General Manager to execute a construction contract to Brady General Engineering for the Hirschdale Pipeline Construction Contract in an amount of $366,298.93, plus a ten percent change order allowance of $36,700 for a total authorization not to exceed $403,000. BACKGROUND: The District operates two separate water systems in the Truckee area: the Hirschdale System and the Truckee Main System. The Hirschdale System provides potable water services to approximately 25 service connections located to the east of the Truckee Main System with a direct distance of about 1,700 feet separating the two systems. There is a single groundwater well that supplies water to the Hirschdale System. When this well must be taken out of service to perform maintenance, it is necessary for the District to implement temporary measures such as using potable water trucks or an above -ground pipe to supply water to the Hirschdale area. In addition, the District operates and maintains a water treatment system located at the Hirschdale Well head for the removal of arsenic and manganese, in accordance with State and federal water quality standards. The operation and maintenance of the groundwater well and treatment system add additional operating costs to the delivery of water to the Hirschdale community. The Water Department has identified the need to construct a pipeline to connect the Hirschdale Water System to the main Truckee Water System. This pipeline will provide a second source of water to the Hirschdale area and allow the District to supply Hirschdale in a more cost-effective manner while implementing service reliability and safety. The planned route for the pipeline crosses two parcels of private land located between Glenshire and Hirschdale. This route is significantly shorter than following the public Page 1 of 4 Page 309 of 312 roadways along Glenshire Drive and Hirschdale Road. Both parcels were owned by the same party and, in early 2022, the District had reached a verbal agreement regarding the planned pipeline alignment across the properties. This project does not involve maintenance or replacement of existing facilities and it does not qualify for an exemption under the California Environmental Quality Act (CEQA). In August 2022, a Request for Proposal (RFP) to select a consultant to perform a CEQA review was issued. Three proposals were received in response to the RFP. In October 2022, the District awarded a contract to Inland Ecosystems to perform the CEQA review. This work was conducted during 2022 and early 2023 and the Board of Directors approved the CEQA Initial Study/Mitigated Negative Declaration for the project in May 2023. During the summer of 2023, bid documents for construction of the pipeline were prepared with the intent of building the project in the fall of 2023. However, the ownership of the property changed hands during the summer of 2023 before the easement agreement was finalized. It should be noted that finalizing the easement agreement was put on hold until the CEQA process could be completed in case the CEQA review determined that the proposed pipeline route should be adjusted. ANALYSIS AND BODY: The easement agreement with the current owner of the two private parcels was finalized in September 2025. The bid documents from 2023 were updated with the intent to begin construction in May 2026. The District began advertising for bids in September 2025. The bid opening was held at 2:00 pm on November 5, 2025. Sixteen bids were received. It should be noted that three of the bidders had minor mathematical errors in their bids ($4, $400, $8,055). These errors were corrected using the procedure described in the bid documents. The corrected values are given in the table below. SUMMARY OF BIDS Bidder Location Bid Amount Responsive Brady General Engineering Nevada City, CA $366,298.93 Yes Ruppert Inc. Truckee, CA $402,905.83 Yes Hansen Brothers Grass Valley, CA $404,056.36 Yes C&D Contractors Nevada City, CA $465,909.00 Yes AM -X Construction & Excavation Truckee, CA $478,739.00 Yes Heavy Equipment Truckee, CA $486,380.00 No Longo Inc. Tahoe City, CA $486,665.00 Yes N&T Digmore Redding, CA $488,038.00 No Page 2 of 4 Page 310 of 312 Burdick Excavating Carson City, NV $500,005.00 Yes LaFleur Engineering Roseville, CA $528,314.00 Yes Rapid Construction Carson City, NV $543,345.00 Yes RK Contractors Reno, NV $548,903.00 Yes Veteran Pipeline Construction Sacramento, CA $578,587.44 Yes Laurel Ag-Water Lodi, CA $761,060.60 Yes Aventus NV Boulder City, NV $984,951.98 Yes Resource Development Sparks, NV $1,328,128.00 Yes Staff has determined two of the bids to be non -responsive. Heavy Equipment did not acknowledge Addendum No. 3. N&T Digmore did not sign and submit all the required documentation in the bid packet. In addition to the construction contract, the District will retain outside consultants to perform construction inspection, environmental services and geotechnical testing for this project. The costs of this work are anticipated to be: • Construction Inspection — CME — Estimated at $50,000 • Environmental Services — Inland Ecosystems — Estimated at $5,000 • Geotechnical Testing — Estimated at $10,000 The CME and Inland Ecosystems contracts will be presented to the Board of Directors on December 3, 2025, as part of the annual procurement process. The District will be issuing a new request for proposals for geotechnical testing services in early 2026. GOALS AND OBJECTIVES: District Code 1.05.020 Obiectives: 1. Responsibly serve the public. 3. Provide reliable and high quality water supply and distribution system to meet current and future needs. 5. Manage the District in an environmentally sound manner. 6. Manage the District in an effective, efficient and fiscally responsible manner. District Code 1.05.030 Goals: 1. Manage for Financial Stability and Resiliency 3. Engage with our customers and communities in a welcoming and transparent way to identify opportunities. 4. Modernize the utility and add value to our communities through collaboration and innovation. Page 3 of 4 Page 311 of 312 FISCAL IMPACT: As noted above, Brady General Engineering is the low bidder at $366,298.93. It is recommended that a ten percent change order allowance of $36,701.07 be established, for a total authorization not to exceed $403,000. This item is included in the 7.8 million dollar total capital plan slated to occur during FY26, and is included in the total capital funding budget for FY 26. Waters capital expenditure forecast for FY 25 was prepared for the mid -year financial update and currently remains at 4.79 million. Water Capital Expenditure budget for FY25 is 8.1 million, YTD September 2025 actual expenditures are 3.3 million and the forecast for FY25 is 4.8 million. Waters capital reserve balance is 4.7 million as of September 30, 2025 and is forecast to be 5.7 million as of December 31st 2025. ATTACHMENTS: None Page 4 of 4 Page 312 of 312