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<br />SEWER RATES PROJECTIONS:
<br />Due to the 2022 to 2023 Municipal Wastewater Charge increasing by 19.63%, initially estimated by Little Canada
<br />Study at 3%, the following rate increases are projected in order to operate the sewer fund:
<br />
<br />Met Council 2018 2019 2020 2021 2022 2023
<br />Municipal Wastewater Charge ‐ Flow 856,644 789,424 893,678 943,626 933,746 1,117,066
<br />% Change ‐7.85% 13.21% 5.59%‐1.05% 19.63%
<br />
<br />
<br />4.50%
<br />5.00% 5.00% 5.00% 5.00%
<br />4.50% 4.50% 4.50% 4.50%
<br />4.00% 4.00%
<br />3.00% 3.00%
<br />0.00%
<br />1.00%
<br />2.00%
<br />3.00%
<br />4.00%
<br />5.00%
<br />6.00%
<br />2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
<br />Projected Sewer Rate % Increase
<br />
<br />
<br />As it can be noted in the graph bellow, even with the proposed sewer rates increases the sewer fund is
<br />anticipated to operate at a loss during 2023 to 2029 and decrease its cash balance by approximately
<br />$434,000. Starting with 2030 the water fund will start to operate at a gain and will increase its cash balance
<br />to approximately $823,869 by 2035. It is important to maintain a healthy cash balance in order to ensure
<br />proper operations.
<br />
<br />2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
<br />Revenues 1,725,2 1,811,1 1,901,3 1,996,1 2,095,5 2,189,6 2,287,8 2,390,5 2,497,7 2,597,4 2,701,0 2,781,9 2,865,1
<br />Expenditures 1,847,8 1,915,2 1,985,1 2,057,6 2,132,8 2,210,8 2,291,6 2,375,5 2,462,5 2,552,7 2,646,3 2,743,4 2,844,1
<br />Cash Balance 926,595 822,457 738,660 677,121 639,887 618,691 614,867 629,827 665,069 709,726 764,422 802,868 823,869
<br /> ‐
<br /> 100,000
<br /> 200,000
<br /> 300,000
<br /> 400,000
<br /> 500,000
<br /> 600,000
<br /> 700,000
<br /> 800,000
<br /> 900,000
<br /> 1,000,000
<br /> ‐
<br /> 500,000
<br /> 1,000,000
<br /> 1,500,000
<br /> 2,000,000
<br /> 2,500,000
<br /> 3,000,000
<br /> 3,500,000
<br />Sewer Fund 602
<br />Revenues Expenditures Cash Balance
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