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ENTERPRISE FUNDS-WATER & SEWER <br /> <br />Overview <br />Enterprise funds are used to finance and account for the acquisition, operation, and maintenance of <br />services. These services are entirely or predominantly self-supported by user charges. The City of Little <br />Canada operates two enterprise funds, the Water Fund and the Sewer Fund. The accrual basis of <br />accounting is used for these funds. However, capital outlay items are recorded as expenses during the <br />year and reclassified to assets during the audit preparation. <br /> <br />Water Fund: <br /> <br />The Water Utility Fund is a self-sustaining fund. The City maintains its own water distribution system. <br />Water is purchased from the St Paul Regional Water Services (SPRWS) on a wholesale basis. Metering <br />devices are maintained to account for the usage. <br /> <br />Billed Rates <br />St Paul Regional Water Services (SPRWS) announced a rate increase in 2024 for wholesale water of <br />7.21%. Additionally, the SPRWS announced increasing the monthly base fee by 7.14%. The recent <br />increases relate to the construction of the McCarrons Treatment Plant that began in 2021. As a result of <br />these increases by the SPRWS the City of Little Canada will be increasing its water rates by 6.5%. <br />Description 2021 Rates 2022 Rates 2023 Rates 2024 Rates <br />% Change <br />2023 to 2024 <br />Water Service <br />Charge $13.90/Quarter* $14.30/Quarter $15.37/Quarter $16.37/Quarter 6.5% <br />Lawn Sprinkler <br />Water Rate <br />$3.70/1,000 gallons <br />(Summer rate)$3.85/1,000 gallons $4.14/1,000 gallons $4.41/1,000 gallons 6.5% <br />Water Rate <br />(Winter) <br />Water Rate <br />(Summer) <br />$3.55/1,000 gallons <br />(Winter rate) <br />$3.70/1,000 gallons <br />(Winter rate) <br />$3.98/1,000 gallons <br />(Winter rate)6.5% <br />$3.70/1,000 gallons $3.85/1,000 gallons $4.14/1,000 gallons 6.5% <br />$4.24/1,000 gallons <br />(Winter rate) <br />$4.41/1,000 gallons <br />SPRWS Wholesale Water Rates <br />Description 2019 2020 2021 2022 2023 2024 Proposed* <br />% Change <br />2023 to 2024 <br />Winter Rate per cubic foot $1.72 $1.75 $1.82 $2.00 $2.20 $2.36 7.27% <br />Summer Rate per cubic foot $1.81 $1.81 $1.88 $2.06 $2.26 $2.42 7.08% <br />In addition, a monthly service base fee is charged per the contract of $16,500 per month. <br /> <br /> <br /> <br /> <br /> <br /> <br />106