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EDD Checklist

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

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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
 
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