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PUBLIC HEARING –Resolution Adjusting City Water and Sewer Rates <br />November 19, 2019 <br />Page 4 <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6–Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy H (complete water/waste water rate study to ensure adequate resources to <br />capture critical long-term capital needs). <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />The proposed rates are designed to meet the cost of service requirements of Proposition 218 and <br />support the recommended Capital Improvement Project (CIP) plans and allow both water and <br />sewer enterprises to meet their respective financial goals. Anet increase in water and sewer rate <br />revenue as outlined in the table below is proposed: <br />FY FY FY FY FY FY <br />2019/202020/212021/222022/232023/242024/25 <br />Implementation <br />January 1, July 1, July 1, July 1, July 1, July 1, <br />Date <br />202020202021202220232024 <br />Water Enterprise <br />7.0%7.0%6.5%2.0%2.0%2.0% <br />Sewer Enterprise <br />3.0%5.0%9.0%9.0%9.0%9.0% <br />The proposed ratesare estimatedto produce additional rate revenue as follows: <br />FY FY FY FY FY FY <br />2019/202020/212021/222022/232023/242024/25 <br />Implementation <br />January 1, July 1, July 1, July 1, July 1, July 1, <br />Date <br />202020202021202220232024 <br />Water <br />$1,956,660$4,275,948$4,290,710$1,420,291$1,463,102$1,507,491 <br />Enterprise <br />Sewer <br />$103,842$362,069$691,153$760,890$837,664$922,184 <br />Enterprise <br /> <br />