EDD Checklist

LWUA documentary requirements to be submitted by the water districts for approval of water rates increase, Financial Assistance, and debt relief include

Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: DOCUMENTARY REQUIREMENTS TO BE SUBMITTED BY WATER DISTRICTS FOR APPROVAL of WATER
RATES INCREASE, FINANCIAL ASSISTANCE and DEBT RELIEF INCLUDE, BUT ARE NOT LIMITED TO, THE
FOLLOWING (As of February 5, 2015)

GENERAL CHECKLIST:
[ ]

Audited Financial Statements - Balance Sheet, Income Statement, Cash Flow Statement (with
Audit Observation Memo) and Monthly Data Sheets for past 5 year-ends and latest for the
current year

[ ]

10–year projected Financial Statements - Balance Sheet, Income Statement, Cash Flow
Statement

[ ]

10-year Cash Flow Projection (LWUA format), with major assumptions, and –
[ ] Sensitivity Analysis showing shortfall without the tariff increase for water rates approval, or
without additional debt servicing of proposed loans or debt relief
[ ] Comparative Cash Flows – Last Approval vs. 5-year Actuals, with explanations on variances
of major assumptions, vs. 10-year Cash Flow Projection

[ ]

Breakdown of 5-year Historical Other Operation & Maintenance Expenses into Fixed and
Variable Costs and projections for the next 10 years

[ ]

WD Business/Marketing/Strategic Plan (if available)

[ ]

Consumption Pattern (Download LWUA format in ‘Find a Form’)

[ ]

WD Profile (Download LWUA format in ‘Find a Form’)

[ ]

Details of Debt Servicing of Existing and Proposed Loans - LWUA and Others

[ ]

CAPEX Program
[ ] Listing of implemented projects past 5 years
[ ] Annual schedule of proposed CAPEX next 10 years and financing considered
[ ] Impact on WD operational targets and level of service with project benefits

[ ]

Public Hearing Documents
[ ] Notices / Proof of Posting
[ ] Attendance Sheet
[ ] Minutes of Public Hearing
[ ] Pictures

[ ]

Program of Activities to be undertaken to Attain LWUA Prescribed Operational Efficiency
Standards / KPIs

[ ]

Applicable WD Board Resolutions
[ ] Requesting for Approval of Water Rates
[ ]

Requesting for Financial or Debt Relief Assistance and Accepting Proposed Terms

[ ]

[ ]

Adopting Cash Flow Projection Submitted for Approval of Water Rates or Financial
Assistance or Debt Relief

[ ]

Authorizing the WD General Manager to Sign all Pertinent Documents

[ ]

[ ]

Committing On-Time Implementation of Required Water Rates Concomitant to the Project
Loan or Financial Assistance or Debt Relief

Commitments on Key Performance Indicators (KPIs)
[ ] Collection Efficiency @ > 90% of Gross Water Sales
[ ] Non Revenue Water (NRW) @ < 20% of Total Production
[ ] Staff Productivity Index > 1:120

Other documents which may be required by the LWUA Board of Trustees

ADDITIONAL REQUIREMENTS FOR DEBT RELIEF:
[ ]

Summary of Justifications to Proposed Debt Relief

[ ]

Situational Report of the District’s Operations and Debt Servicing Predicament and WD
Programs to Correct Operational Problems Resulting to Delinquency

DOCUMENTARY REQUIREMENTS FOR CLEARANCE TO SECURE COMMERCIAL LOAN
[ ]

Current debt service status for LWUA outstanding loans

[ ]

Program of Work with full description of project items to be funded by loan

[ ]

Solicitations from 3 Banks, with comparative table of loan amount, tenor, security, interest rates
and fees/charges

[ ]

WD Board Commitment, through a Resolution, to abide by provisions of the Memorandum of
Agreement per LWUA BOT Res. Nos. 79 (s. 2012), 95 (s. 2012), and 135 (s. 2012)

[ ]

Signed Memorandum of Agreement by the WD General Manager and WD Witness covered by a
WD Board Res. authorizing both to sign all documents pertaining to the Clearance request

[ ]

Actual cash flow statements for the last 3 years showing that the WD has been operating on
positive cash flows

[ ]

Projected cash flow statements for the next 3 years showing its capability to absorb debt
servicing of proposed loan without requiring an upward tariff adjustment except those
previously committed and approved by the LWUA Board of Trustees