Agenda Item Title:
Request Authorization To Seek Proposals For Development And Implementation Of A Utility Rate Study For The Water And Water Reclamation Utilities, Project No. 2687/CIP No. 51342. Estimated Cost of This Study is $200,000.
Origination Group:
Public Works Committee
Origination Meeting Date:
12/28/2021
City Council Hearing Date:
01/03/2022
Staff Contact:
Kristen Hasse
Agenda Item Summary:
Staff proposes to seek proposals for development and implementation of a Utility Rate Study for its Water and Water Reclamation utilities. The most recent rate study for these utilities was conducted in 2017. This study developed a five-year rate plan for the Water and Water Reclamation Divisions. This plan will elapse at the end of 2022 and a plan is required to ensure adequate funding of these utilities.
The proposed rate study will develop a plan for the Water and Water Reclamation Divisions that will position the City to meet current and future operation and maintenance expenses, capital requirements, identify proposed funding strategies for capital improvements, ensure the Water and Water Reclamation rate structures reflect the true cost of service, provide fair and equitable rates across all user classes and maintain revenue stability for the Water and Water Reclamation Divisions, in compliance with the Financial and Rate settings Policies adopted in 2017.
Funding Source & Fiscal Impact (if applicable):
Funding | Cost Center |
---|---|
Water | |
Water Reclamation | |
Is Funding Budgeted?:
Budgeted