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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 three enterprise funds, the Water Fund, Sewer Fund, and the Storm Water Fund. The <br />accrual basis of accounting is used for these funds. However, capital outlay items are recorded as <br />expenses during the 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 2025 for wholesale water of <br />6.72%. Additionally, the SPRWS announced increasing the monthly base fee by 6.67%. 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 projects a 6% increase for the water rates in <br />2025. Utility rates are scheduled to be reviewed by City Council on December 4th, 2024 with a final <br />adoption and approval on December 18th, 2024. <br />Description 2022 Rates 2023 Rates 2024 Rates 2025 Rates <br />% Change <br />2024 to 2025 <br />Water Service <br />Charge $14.30/Quarter $15.37/Quarter $16.37/Quarter $17.35/Quarter 6.0% <br />$3.70/1,000 gallons $3.98/1,000 gallons <br />$3.85/1,000 gallons $4.14/1,000 gallons <br />Lawn Sprinkler <br />Water Rate $3.85/1,000 gallons $4.14/1,000 gallons $4.41/1,000 gallons $4.67/1,000 gallons 6.0% <br />6.0% <br />$4.41/1,000 gallons 6.0% <br />$4.49/1,000 gallons <br />(Winter rate) <br />$4.67/1,000 gallons <br />Water Rate <br />(Winter) <br />Water Rate <br />(Summer) <br />$4.24/1,000 gallons <br />(Winter rate) <br />SPRWS Wholesale Water Rates <br />In addition, a monthly service base fee is charged per the contract of $17,600 per month. <br /> <br /> <br />Description 2020 2021 2022 2023 2024 2025 <br />Proposed* <br />% Change <br />2024 to <br />2025 <br /> Winter Rate per cubic foot $1.7 <br />5 $1.82 $2.0 <br />0 <br />$2.2 <br />0 $2.36 $2.52 6.78% <br /> Summer Rate per cubic foot $1.8 <br />1 $1.88 $2.0 <br />6 <br />$2.2 <br />6 $2.42 $2.55 5.37% <br /> <br /> <br />110