SFPUC - Annual Reports The Future Is Now | Page 12

KEEPING OUR RATES AFFORDABLE
Single-Family Residential FY 2016-2017
Average Monthly Water and Sewer Bill............$94.51
Cost per Person/Day.........................................$1.36
Total Cost per Gallon, Water and Sewer..........$0.025
Total Combined Bill as % of San Francisco
Median Household Income.................................1.32%
Calculation is based on the average monthly water usage of 5.13 ccf (hundred cubic feet).
FINANCIAL PERFORMANCE
Since 2010, for the last seven fi scal years, this report has won the prestigious “Award for
Outstanding Achievement in Popular Annual Financial Reporting” from the Government Finance
Offi cers Association.
This award recognizes our commitment to increase public awareness by providing an overview
of our fi nancial condition. While the fi nancial information is drawn from the audited fi nancial
statements in the SFPUC’s Fiscal Year 2017 Comprehensive Annual Financial Report (CAFR)
using the full accrual basis of accounting and providing complete fi nancial information and
disclosures in conformance with generally accepted accounting principles (GAAP), this report
is not audited and not intended to comply with GAAP as note disclosures have been excluded
from this report. Our CAFR, which provides complete fi nancial information and disclosures in
conformance with GAAP, is available online at sfwater.org/fi nance.
Credit Ratings
Fiscal Year...................................2017 2016 2015
Water
Standard & Poor’s ......................AA-
Moody’s Investor Services.........AA3 AA-
Aa3 AA-
Aa3
Power
Fitch.............................................AA-
Standard & Poor’s......................A+ AA-
A+ AA-
A+
Sewer
Standard & Poor’s ......................AA
Moody’s Investor Services.........Aa3 AA
Aa3 AA-
Aa3
Average Borrowing Rate
FY2017.........Water 3.96%
11
Power 3.15%
Annual Report for the Fiscal Year Ended June 30, 2017
Sewer 3.04%