The document summarizes Austin Water's financial impacts and response to the Central Texas drought from 2008-2015. It describes how extreme drought conditions led to long-term water restrictions that significantly reduced water demand and caused revenue losses of up to $52 million per year. In response, Austin Water implemented a new financial model with tiered fixed fees, increased the fixed revenue percentage, established a reserve fund, and raised rates gradually to stabilize finances and improve bond ratings. The future outlook has improved now that drought conditions have eased.
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-SGMA background and context.
-Main phases, timeline, and current efforts.
-GSA and GSP relevant aspects and funding opportunities.
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The objective of this work is to contribute to valorization de Nephelium lappaceum by the characterization of kinetics of drying of seeds of Nephelium lappaceum. The seeds were dehydrated until a constant mass respectively in a drying oven and a microwawe oven. The temperatures and the powers of drying are respectively: 50, 60 and 70°C and 140, 280 and 420 W. The results show that the curves of drying of seeds of Nephelium lappaceum do not present a phase of constant kinetics. The coefficients of diffusion vary between 2.09.10-8 to 2.98. 10-8m-2/s in the interval of 50°C at 70°C and between 4.83×10-07 at 9.04×10-07 m-8/s for the powers going of 140 W with 420 W the relation between Arrhenius and a value of energy of activation of 16.49 kJ. mol-1 expressed the effect of the temperature on effective diffusivity.
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Venturesgreendigital
Willie Nelson is a name that resonates within the world of music and entertainment. Known for his unique voice, and masterful guitar skills. and an extraordinary career spanning several decades. Nelson has become a legend in the country music scene. But, his influence extends far beyond the realm of music. with ventures in acting, writing, activism, and business. This comprehensive article delves into Willie Nelson net worth. exploring the various facets of his career that have contributed to his large fortune.
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Introduction
Willie Nelson net worth is a testament to his enduring influence and success in many fields. Born on April 29, 1933, in Abbott, Texas. Nelson's journey from a humble beginning to becoming one of the most iconic figures in American music is nothing short of inspirational. His net worth, which estimated to be around $25 million as of 2024. reflects a career that is as diverse as it is prolific.
Early Life and Musical Beginnings
Humble Origins
Willie Hugh Nelson was born during the Great Depression. a time of significant economic hardship in the United States. Raised by his grandparents. Nelson found solace and inspiration in music from an early age. His grandmother taught him to play the guitar. setting the stage for what would become an illustrious career.
First Steps in Music
Nelson's initial foray into the music industry was fraught with challenges. He moved to Nashville, Tennessee, to pursue his dreams, but success did not come . Working as a songwriter, Nelson penned hits for other artists. which helped him gain a foothold in the competitive music scene. His songwriting skills contributed to his early earnings. laying the foundation for his net worth.
Rise to Stardom
Breakthrough Albums
The 1970s marked a turning point in Willie Nelson's career. His albums "Shotgun Willie" (1973), "Red Headed Stranger" (1975). and "Stardust" (1978) received critical acclaim and commercial success. These albums not only solidified his position in the country music genre. but also introduced his music to a broader audience. The success of these albums played a crucial role in boosting Willie Nelson net worth.
Iconic Songs
Willie Nelson net worth is also attributed to his extensive catalog of hit songs. Tracks like "Blue Eyes Crying in the Rain," "On the Road Again," and "Always on My Mind" have become timeless classics. These songs have not only earned Nelson large royalties but have also ensured his continued relevance in the music industry.
Acting and Film Career
Hollywood Ventures
In addition to his music career, Willie Nelson has also made a mark in Hollywood. His distinctive personality and on-screen presence have landed him roles in several films and television shows. Notable appearances include roles in "The Electric Horseman" (1979), "Honeysuckle Rose" (1980), and "Barbarosa" (1982). These acting gigs have added a significant amount to Willie Nelson net worth.
Television Appearances
Nelson's char
Artificial Reefs by Kuddle Life Foundation - May 2024punit537210
Situated in Pondicherry, India, Kuddle Life Foundation is a charitable, non-profit and non-governmental organization (NGO) dedicated to improving the living standards of coastal communities and simultaneously placing a strong emphasis on the protection of marine ecosystems.
One of the key areas we work in is Artificial Reefs. This presentation captures our journey so far and our learnings. We hope you get as excited about marine conservation and artificial reefs as we are.
Please visit our website: https://kuddlelife.org
Our Instagram channel:
@kuddlelifefoundation
Our Linkedin Page:
https://www.linkedin.com/company/kuddlelifefoundation/
and write to us if you have any questions:
info@kuddlelife.org
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UNDERSTANDING WHAT GREEN WASHING IS!.pdfJulietMogola
Many companies today use green washing to lure the public into thinking they are conserving the environment but in real sense they are doing more harm. There have been such several cases from very big companies here in Kenya and also globally. This ranges from various sectors from manufacturing and goes to consumer products. Educating people on greenwashing will enable people to make better choices based on their analysis and not on what they see on marketing sites.
Natural farming @ Dr. Siddhartha S. Jena.pptxsidjena70
A brief about organic farming/ Natural farming/ Zero budget natural farming/ Subash Palekar Natural farming which keeps us and environment safe and healthy. Next gen Agricultural practices of chemical free farming.
1. TEXAS WATER CONSERVATION ASSOCIATION
Central Texas Drought:
Austin’s Financial Impacts and Response
Presented by
David Anders, CFO, Austin Water
2. Extreme Drought
Conditions
• 2008-2015
• Stage 2 Water
Restrictions – 1/week
watering
– In place for over 4 years
• Significantly Reduced
demand
2
Central Texas Drought Conditions
10. • Austin Water Bond Ratings
– Standard & Poors: AA
– Moody’s: Aa2
– Fitch: AA-
• Moody’s and Fitch
– 2014 – put Austin Water on a Negative
Outlook
– Without improvement in financial benchmarks
a downgrade would be likely
10
Bond Ratings
12. • Fixed revenue
– Low percentage of fixed revenue at 11%
• Volume revenue
– Very volatile to weather conditions and drought
• Residential rates
– 5 blocks with high volume rates for high users
– Blocks 1 and 2 below cost of service
– High volume users subsidizing low volume users
– Increase higher blocks at a faster pace than the lower
blocks to reduce impact to low users
• Low cash reserve balances
12
Old Business Model
13. FY 2012 Water Rates: Residential
13
$1.17
$3.08
$7.92
$10.50
$12.19
$0.00
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
Block 1
(0-2k)
Block 2
(2 - 9k)
Block 3
(9 - 15k)
Block 4
(15 - 25k)
Block 5
(25k - Over)
Residential Volume Rate Per 1,000 Gallons:
Uniform vs. Block Rates
Block Rates (Non-CAP) Uniform Rate
Average Cost of Service
Volume Rate: $4.40
13
73% Customers Use
less than 9K/month
and charged below
cost of service
14. Joint Committee on Financial Plan
• Council created Joint Committee in 2011
• Committee consisted of 9 citizen Commissioners
drawn from 3 separate Commissions
• Charge was to review Austin Water’s financial
plan and policies and consider recommendations
on changes to stabilize finances
• Convened 3 separate times over 2 years
– 20 meetings overall
– Included staff, rate consultants, citizens, financial
advisors
14 14
15. Residential Water Rate Changes
• Fixed Charges
• Fixed revenue goal at 20%, then increase to 25% over a
2-year period starting in 2016
• Tiered Fixed Fee
– Create tiered fixed fee based on each month’s consumption
– Low volume users had lower fixed charges while high
volume users had higher fixed charges
– Strengthens conservation incentive
– Less volatility in revenue when using tiered fixed charge
instead of volume rates
15 15
18. Volumetric Rate Changes
• New residential volumetric rate block
intervals and rates
– Residential blocks remained at 5
– Block 2-5 thresholds were reduced
– Any rate increase would impact each block by equal
dollar amount – spread between blocks remain same
– Increase block 2 to the average cost of service rate
over a 2-year period starting in 2016
18 18
19. FY 2016 Water Rates: Residential
19
$3.16
$4.84
$7.88
$11.90
$14.16
$0.00
$5.00
$10.00
$15.00
Block 1
(0-2k)
Block 2
(2 - 6k)
Block 3
(6 - 11k)
Block 4
(11 - 20k)
Block 5
(20k - Over)
Residential Volume Rate Per 1,000 Gallons:
Uniform vs. Block Rates
Block Rates (Non-CAP) Uniform Rate
Average Cost of Service
Volume Rate: $5.62
19
18% of Customers Use
less than 2K/month
$0.78
20. • Revenue Stability Reserve Fund
– Create revenue stability reserve fund
– Implement reserve fund surcharge
• Currently $0.19 per 1,000 gallons
– Goal to reach 120 days of operating costs in 5 years
– $50M reserve when funded
– Restrictions for use – revenue shortfalls only, 50% in one
year, Council approval
• Operating cash reserves
– Enhance operating cash reserves
– Goal to reach 365 days cash
20
Reserve Fund Changes
20
21. 21
Residential Bill Increases - Water
6.1%
29.4%
7.5%
13.0%
18.0%
7.0%
3.2%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 Proj.
FY 2017
Average Residential Customer
5,700 Gallons Usage / Month
45% System-Wide Rate Increase
85% Bill Impact to Average Customer
22. Drought Rates
• Council approved drought rates that would go into effect
when Stage 3 and Stage 4 restrictions are implemented
• Stage 3 Water Restrictions (600,000 AF Storage)
– Billed consumption projected to be 6 billion gallons less than Stage
2 levels
– $1.00 per 1,000 gallons of water usage
• Stage 4 Water Restrictions (450,000 AF Storage)
– Billed consumption projected to be an additional 8 billion gallons
less than Stage 3 levels
– $3.00 per 1,000 gallons of water usage
22 22
23. • Current drought over
– Lakes overfull!
• Water restrictions
– Stage 2 lifted in Austin, back to conservation stage
– New Conservation Stage approved
• More restrictive than previous conservation stage
• 1/week watering for irrigations systems
• 2/week watering for hose-end sprinklers
• Wash your car at your home!
• Financial Condition
– Significant improvement to financial metrics
– Bond Ratings: Moody’s and Fitch just improved our ratings
to a Stable outlook
– Rate increases have stabilized to inflation levels
23
How’s the Future Look?
David Anders, CFO, Austin Water
Over last 8 years, Austin has been in a historic drought that has strained our water resources and finances.
I want to present some of the impacts of this drought and how Austin Water responded.
This graph displays the total actual water consumption from FY 2007 – FY 2015.
FY 2011 – 48.6BG and FY 2015 at 38BG – 10.6BG reduction or 22% reduction in 4 years
Stage II – Never been in stage II more than a month or two, now almost 5 years
Each year water demand under Stage II got lower and lower, difficult to forecast revenue
This graph displays the annual average residential water consumption per account actual figures from FY 2007 – FY 2015.
2011 at 8,810 and 2015 at 5,840 – reduction of 2,970 per account or 33.7%
FY 2006 was our highest Gallons Per Capita Per Day
Enhanced conservation measures and mandatory twice per week watering implemented in 2008
2010 we set conservation goal to reduce total GPCD to 140 by 2020.
With Stage II once per week watering we met and exceeded our goal of 140 GPCD by 2015.
FY 2015 GPCD at 122 total all customers and 67 for residential only
FY 2006 to 2015 190 GPCD to 122 GPCD = 36% reduction
This graphic provides the total water and wastewater revenue losses over the last 5 years.
Over 6 years, revenue loss totaling $148M, even with significant rate increases
In 2010 revenue losses were due to significant rainfall throughout entire year, including summer months
In 2011 AW saw no revenue loss. (actually saw revenue above budget by $17.7M or 4.3% due to extreme drought conditions experienced) This was right before we went into Stage 2 water restrictions
Each years water sales from 2012 to 2014 were less than the prior year. Forecasted revenue was reduced each year, but actual was even less than projected.
Each year between FY 2010-2015 was a new record low for water use
Most of financial impacts were on the water revenue impacting our water cash balances.
Prior to the drought and Stage II water restrictions, our cash balances were almost $40M
Declined to the low in 2014 of negative $15M = $55M reduction in balances
Debt service coverage also impacted significantly.
Our financial policy is to have a DSC at 1.50 or greater. During the drought we were much less.
2014 was the lowest at 1.25 that was just at our bond covenant level.
Low fixed charges at 11% when our majority of costs are fixed
Our Volume rates made revenue very volatile to weather conditions and drought
Increasing block rates for residential were much higher for higher volumes.
Focused our rate increases in the higher blocks to incentivize conservation and reduce low water user impacts
Cash reserves very volatile to weather conditions
Here are 2012 residential block rates. Red line shows average COS rate
Blocks 1-2 below COS and 73% of customers use less than 9,000 per month
High users subsidized low users – there was sufficient usage by high users to subsidize the rates for low users
Rate design in wet or drought conditions is extremely volatile and risky
The Joint Committee on Austin Water’s Financial Plan created in 2011
9 Citizens from 3 separate Commissions related to Austin Water
Committee’s charge was to review AW financial plan and consider recommendations on changes to fixed charges, volume rates, reserves, and financial policies
Convened 3 separate times, 20 meetings, 3-4 hours at night
Include Committee, staff, rate consultants, citizens, financial advisors
Joint Committee recommendations
Fixed charges, went from 11% to 20%, then recommended 25%
Tiered Fixed Fee
Fixed fee based on monthly consumption, could vary each month for the customer
Higher fixed fees for higher users, lower fixed fees for low use customers
Strengthens conservation
Less volatility in tiered fixed charge as compared to tiered volume rates
Graphic shows the fixed revenue percentage of total revenue
In 2011 before the new flat fixed fee was implemented AW was at 11% fixed revenue
The new sustainability fee was in place during 2012 and raised fixed revenue to 17%
The Joint Committee recommendations were implemented in FY 2013 and raised the total fixed revenue to 20%
Residential rates are the most volatile rate structure. Each class has different fixed revenue totals to produce 20%
From 2013-15 Residential levels were at 27%
For 2016 residential levels will be 30%
For 2017 residential levels will be 32%
FY 2016 Approved Water Fixed Charges
Designed to push more of the fixed charges to higher volume users
Reduced bill impacts of average and low volume users of increasing fixed charges
Less volatile than recovering through volume charges
Final Recommendations: Volumetric Rates
Block 2 which was up to 9,000 gallons was reduced to 6,000
Any rate increase would add equal $ amount to each block. Over time, this has increased block 1-2 closer to COS level
Increase block 2 to the average cost of service rate over 2-year period
Note:
The current 5 block tiered intervals for residential will be changed to represent the following:
Block 1 – lowest 10% of customers (0 – 2,000 gallons)
Block 2 – to the winter average water usage (2,001 to 6,000 gallons) representing “essential water”
Block 3 – to the summer average (6,001 to 11,000 gallons) which allows for some irrigation at a lower rate
Block 4 – up to the top 10% water use customers (11,001 to 20,000 gallons) representing some irrigation use
Block 5 – top 10% water use customers (20,001 and over) representing primarily all irrigation
Tripled block 1 rate since 2012
FY 2016 rates in green
All blocks have increased by about $2 since 2012.
Block 1 increase of $2 is 171% above 2012
Block 5 increase of $2 is only 16% above 2012
FY 2017, rates will increase Block 2 to average COS rate
Only 18% of customers use less than 2,000 gallons per month
Only 18% under COS compared to 73% in 2012 rates
Created a Revenue Stability Reserve Fund at 120 days of operating.
Revenue Stability Reserve Fund Surcharge = $0.19 per 1,000 gallons for all customers
By 2018, the level of the fund will be about $50 million.
Restrictions – 5-year funding, Use for revenue shortfalls only, Use 50% in one year, Council approval,
Operating cash reserves, goal to reach 365 days over next 5 years
This graph shows the average residential customer water bill increases since 2011.
29.5% water rate increase in 2012 due to the $4.40 fixed fee implementation.
Rate increases due to reduced consumption
Difficult to get public buy-in of rates,
Asked to reduce consumption due to drought, but increases in rates as well
When lake levels at the lowest point, it was possible for AW to go into Stage 3 or Stage 4 water restrictions, which would have more significant reductions to billed consumption.
Council approved drought rates that would be effective only if we reach stages 3 or 4
Stage 3 water restrictions would be declared if the combined storage reaches 600,000 AF (No outdoor watering)
6 billion gallons reduction and $27 million revenue reduction.
Drought rate would be $1.00 per 1,000 gallons in addition to water bill
Stage 4 water restrictions would be declared if the combined storage reaches 450,000 AF (No outdoor and more restrictions)
Additional 8 billion gallons reduction and $75 million reduction Drought rate would be raised to $3.00 per 1,000 gallons in addition to water bill
These drought rates are already programmed into the billing system