2012 CAFR - Encina Wastewater Authority

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ENCINA WASTEWATER AUTHORITYNOTES TO FINANCIAL STATEMENTSJUNE 30, 2012 AND 2011Note 7 - Defined Benefit Pension Plan:Plan DescriptionThe Authority contributes to the California Public Retirement Plan System (CalPERS), a c ost sharing multipleemployerdefined benefit pension plan. The Authority participates in the miscellaneous 2.7% at 55 pool. CalPERSprovides retirement and disability benefits, annual cost-of-living adjustments; and death benefits to planmembers and beneficiaries. CalPERS acts as a common investment and administrative agent for participatingpublic employers within the State of California. CalPERS requires agencies with less than 100 active members inthe plan to participate in a risk pool. A menu of benefit provisions as well as other requirements is established byState Statutes within the Public Employees Retirement Law. The Plan selects optional benefit provisions fromthe benefit menu by contract with CalPERS and adopts those benefits through Authority resolution. C alPERSissues a separate comprehensive annual financial report. Copies of the CalPERS’ annual financial report may beobtained from the CalPERS executive office - 400 P Street - Sacramento, California 95814.Funding PolicyActive plan members are required to contribute 8% of their annual covered salary. For the year endedJune 30, 2012, the Authority elected to make contributions on behalf of its employees at 3% and theemployees contributed 5%. The Authority is required to contribute the actuarially determined remainingamounts necessary to fund the benefits for its members. The actuarial methods and assumptions are thoseadopted by the CalPERS Board of Administration. T he required employer contribution rate for the FiscalYears ended June 30, 2012 and 2011 were 21.98% and 19.03%, respectively. The contribution requirementsof the plan members and the Authority are established and may be amended by CalPERS. Total contributionsfor the years ended June 30, 2012, 2011 and 2010 were $1,665,688, $1,486,365 and $1,498,821, respectively,which were equal to the required contributions each year.Note 8 - Ownership and Usage Allocations:Phase IV OwnershipAll of the Phase IV expansion and upgrades, except for the widening of Avenida Encinas, were completed inApril of 1993. Unit I was enlarged from 24.4 million gallons per day (MGD) liquid capacity and 27.91 MGDsolids capacity to 36 MGD and 38 MGD, respectively. The Unit I and Unit J capacities and ownership of PhaseIV are as follows:UNIT I - Treatment PlantUNIT J - Ocean OutfallLiquids Solids DisposalAgency MGD % MGD % MGD %Vista 8.05 22.36 8.05 21.18 8.05 21.18Carlsbad 9.24 25.67 9.24 24.32 9.24 24.32Buena 2.26 6.28 3.51 9.24 3.51 9.24Vallecitos 7.54 20.94 7.54 19.84 7.54 19.84Leucadia 7.11 19.75 7.86 20.68 7.86 20.68Encinitas 1.80 5.00 1.80 4.74 1.80 4.74Total 36.00 100.00 38.00 100.00 38.00 100.00See accompanying independent auditors’ report.35
ENCINA WASTEWATER AUTHORITYNOTES TO FINANCIAL STATEMENTSJUNE 30, 2012 AND 2011Note 8 - Ownership and Usage Allocations:Phase IV Ownership (Continued)Allocation of Unit I - Encina plant ownership costs are based on the above two percentages weighted by thedesign engineers’ replacement value breakdown, at July 27, 1995, of areas within the facility that pertain toliquids or solids processing. The following are the weighted average percentages used to allocate Encinaplant ownership costs:Unit IWeighted AveragePercentagesCity of Vista 21.61%City of Carlsbad 24.81%Buena Sanitation District 8.16%Vallecitos Water District 20.24%Leucadia Wastewater District 20.34%City of Encinitas 4.84%100.00%Wastewater Flow and Usage Allocation - Unit I Treatment PlantAdministrative, maintenance, and operation expenses for Unit I of the Joint System are allocated to themember agencies based on each agency’s percentage of ownership and usage (actual flow and strength) ofUnit I influent wastewater. Insurance, administrative, maintenance, laboratory costs, and other costs whichare incurred irrespective of the amount of wastewater which enters Unit I are allocated based on ownership.Chemicals, utilities, disposal fees, and other costs which result from wastewater entering Unit I are allocatedbased on usage (average daily wastewater flows (ADF)), biochemical oxygen demand (BOD), and suspendedsolids (SS) received at the Encina plant.Wastewater flow usage is averaged on an annual basis. The usage and percentage of total flow by memberagency for the Fiscal Years ended June 30, 2012 and 2011 are as follows:MGD ADF UNIT IUsageFlow PercentageAgency 2012 2011 Change 2012 2011 ChangeVista 5.36 6.08% (0.72) 23.75% 25.11 (1.35)%Carlsbad 6.92 7.57 (0.65) 30.66 31.27 (0.60)Buena 1.63 1.71 (0.08) 7.22 7.05 0.16Vallecitos 3.47 3.64 (0.17) 15.37 15.04 0.34Leucadia 4.11 4.18 (0.07) 18.21 17.25 0.95Encinitas 1.08 1.04 0.04 4.79 4.28 0.50Total 22.57 24.22% (1.65) 100.00% 100.00 0.00%See accompanying independent auditors’ report.36
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2012 CAFR - Encina Wastewater Authority

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