Amendment to EBMUD Retirement System Ordinance (No. 40) - Section 21 First Reading. Board of Directors March 10, 2015

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1 Amendment to EBMUD Retirement System Ordinance (No. 40) - Section 21 First Reading Board of Directors March 10, 2015

2 Updates to Ordinance No. 40 Section 21 provides for an optional modification of a member s retirement allowance to provide an actuarially equivalent allowance for a surviving beneficiary. Actuarial rate of return is used to: calculate the optional beneficiary allowance in Section 21, cash-outs of retirement contributions, and posting of interest to employee accounts

3 Updates to Ordinance No. 40 Plan actuary recommended a change to actuarial rate of return as part of their 2014 Annual Actuarial Valuation. The Retirement Board adopted the Actuary s recommended rate of return on January 15, The new recommended rate of return is 7.50%, effective date of July 1, 2015

4 Updates to Ordinance No. 40 The Ordinance requires that the actuarial assumptions used to determine optional forms of benefits be specified. The proposed update to the Retirement Ordinance (Section 21) ensures language is consistent with the change adopted by the Retirement Board.

5 Updates to Ordinance No. 40 Steps to the adoption of Ordinance amendment First Reading, March 10, 2015 Second reading and vote to adopt, March 24, 2015 The Ordinance amendment must be placed in newspaper for 2 successive weeks Adoption of Ordinance amendment will take effect 30 days after the vote to adopt, April 24, 2015

6 Recommended Action Introduce and make first reading of the amendment to Section 21 of EBMUD Retirement System Ordinance No. 40

7 Water Supply Briefing Water Operations Department March 10, 2015

8 Water Supply Briefing Current Water Supply California Water Supply Water Supply Projections Drought Actions 2

9 Current Water Supply Mokelumne Precipitation Rainfall Year 2015 Average January 2015 Driest on Record

10 Current Water Supply East Bay Precipitation Rainfall Year 2015 Average January 2015 Driest on Record

11 Current Water Supply Precipitation & Snow East Bay As of 03/08/15 Cumulative Precipitation % of Average East Bay Watershed % Mokelumne Basin 4-Station Average % Caples Lake Snow Depth 11 15% Caples Lake Snow Water Content % 5

12 Current Water Supply Reservoir Storage As of 03/08/15 Current Storage Percent of Average Percent of Capacity Pardee 177,530 AF 99% 90% Camanche 126,260 AF 45% 30% East Bay 114,270 AF 83% 75% Total System 418,060 AF 70% 55% 6

13 California Water Supply Sierra Snowpack Statewide Automated Snow Measurements Year % of Normal % % *Snow Water Equivalents Mokelumne Basin March Snow Survey Year % of Normal % % *Snow Water Equivalents 7

14 California Water Supply Sierra Snowpack 8

15 California Water Supply Reservoir Storage Dec 9 Comparison December 9, 2014 Storage March 8, 2015 Storage Average Storage on March 8 Reservoir Capacity 9

16 California Water Supply USBR Central Valley Project (CVP) Central Valley Project Supplies about a million California homes and 3 million acres of agricultural land Dedicates water to support fish and wildlife habitat EBMUD CVP Contract max annual drought supply = 133 TAF Water Allocation WY2014 = 50% WY2015 initial allocation = 25% or health & safety needs, whichever is greater Shasta Dam 10

17 Water Supply Projections Mokelumne Precipitation Rainfall Year 2015 Wettest of Record 87.3 (RY83) RY 2015 To-Date Average % Exceedence Median 90% Exceedence Driest of Record 23.0 (RY77) 11

18 Water Supply Projections (Runoff Projections as of March 10, 2015) Forecast Annual Runoff Total System Storage (on Sept 30, 2015) 95% Exceedence (19 of 20 years are wetter) 90% Exceedence (9 of 10 years are wetter) 50% Exceedence (5 of 10 years are wetter) 150 TAF 240 TAF 170 TAF 260 TAF 270 TAF 360 TAF 10% Exceedence (1 of 10 years is wetter) 500 TAF 520 TAF Average Year 745 TAF 630 TAF 12

19 Water Supply Projections Dry Year Precipitation Comparison MEDIAN 31.8 in (13 th driest) DRY 27.5 in (6 th driest) 13

20 Water Supply Projections Storage Comparison MEDIAN 360 TAF DRY 260 TAF 14

21 WY15 Drought Actions CONSERVATION RECYCLING FREEPORT INTERTIES 15

22 Current Water Supply Gross Water Production 16

23 Current Water Supply Water Savings Rate January 2015 Driest on Record 5% 11% 14% 10% 8% 11% 13% 13% 13% 19% 20% 0% 6% 10% 3% 13% 14% 13% 11% 13% 15% 15% 16%

24 Current Water Supply Customer Demands Calendar Year Actual Savings Rate % % 18

25 WY15 Drought Actions Customer Conservation Agency Alameda County Zone 7 Santa Clara Valley Water District Marin Municipal Water District Alameda County Water Agency Contra Costa Water District San Francisco Public Utilities Commission EBMUD Drought Response Mandatory 25% reduction Mandatory 20% reduction Voluntary 25% reduction Mandatory 20% reduction Voluntary 15% reduction Voluntary 10% reduction Voluntary 15% reduction 19

26 WY15 Drought Actions Freeport Regional Water Project EBMUD supply = 100 million gallons per day Coordinated operation Sacramento County Water Agency U.S. Bureau of Reclamation Startup preparation underway for standby pumping plants and transmission pipelines 20

27 Water Year 2015 Water Supply Review Mokelumne River basin runoff is 115 TAF Projected end of water year storage is 260 to 360 TAF Mokelumne River basin season precipitation is 59% of average Mokelumne precipitation late-dec through early March = 7 (median = 22 ) Precipitation accumulation season 75% complete (25% remaining) 21

28 Water Year 2015 Water Supply Schedule Date Activity March 24 Water Supply Update Drought Plan April 1 DWR April Snow Survey April 14 Water Supply Update Water Supply Availability and Deficiency Report Consider approval of Freeport use 22

29 Making Plans for a Dry

30 24

31 WATER SURFACE STORAGE MAXIMUM CAPACITY Elevation +Gain +Gain Elevation Storage Release Spill MOKELUMNE Feet -Loss Ac-Ft -Loss Feet Ac-Ft Cfs Cfs Pardee , , Camanche , , EAST BAY Briones , , Chabot , , Lafayette , , San Pablo , , Upper San Leandro , , Total East Bay Res. 114, ,670 TOTAL SYSTEM STORAGE 417, ,740 DISTRIBUTION SYSTEM MOKELUMNE SYSTEM DISTRIBUTION RESERVOIRS AQUEDUCT DELIVERIES Today Total Previous Day Total Change WATER PRODUCTION AND DEMAND Lafayette WTP Orinda WTP San Pablo WTP Sobrante WTP Upper San Leandro WTP Walnut Creek WTP Storage Operating MG Flow Conditions MG Capacity Line GRAVITY Line GRAVITY Line THROTTLE TOTAL Cfs FSCC TO MOK AQUEDUCTS 0 Million Capacity Gallons MGD RIVER FLOWS AND RELEASES Cfs Mokelumne River Natural Flow Pardee Reservoir Inflow Pardee Release to Camanche Res Pardee Release to JVID Camanche Release to Mokel. River PG&E CO. STORAGE (Acre-feet) Maximum 0.4 Storage Change Capacity , , Salt Springs Res. 35, , Lower Bear Res. 24, , Total 69, , TOTAL SURFACE PRODUCTION Miscellaneous(Estimated) TOTAL WATER PRODUCTION Old Reservoirs Change in Distribution System Wash Water from Distribution Sys. SYSTEM DEMAND East-of-Hills Demand West-of-Hills Demand WATER SUPPLY ENGINEERING DAILY REPORT RESERVOIR STORAGE AND ELEVATION RAW WATER TRANSMISSION Ac-ft PRECIPITATION (Inches) INPUT DRAFT THIS YEAR AVERAGE YEAR Briones Res San Pablo Res STATION This Season Season Season U. San Leandro Res Today Month to-date to-date Total USL WTP TOTAL Orinda WTP REMARKS Lafayette Reservoir WID Canal Diversion = 27 cfs Walnut Creek WTP Mokelumne River below WID = 112 cfs Camp Pardee Salt Springs P.H CAPLES LAKE (7,830 FT) DATA PG&E data as of 4:00 pm previous date. All other data as of midnight. Snow Depth WTP capacities are sustainable rates. Water Content Today 10 Inches 5.0 Inches EAST BAY MUNICIPAL UTILITY DISTRICT Average 74 Inches 27.3 Inches Monday, March 09, 2015