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<br />Based on the above recent changes in wholesale water rates with SPRWS, city staff projected the
<br />following future water rate increases:
<br />
<br />7.50%
<br />6.50%6.50%
<br />10.00%10.00%
<br />9.00%
<br />7.00%7.00%7.00%
<br />6.00%6.00%
<br />5.00%5.00%
<br />0.00%
<br />2.00%
<br />4.00%
<br />6.00%
<br />8.00%
<br />10.00%
<br />12.00%
<br />2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
<br />Projected Water Rate % Increase
<br />
<br />As noted in the graph below, with the proposed water rate increases, the water fund is expected to
<br />maintain a positive cash target balance, approximately covering 3 months of operating expenditures.
<br />
<br />A larger capital contribution is anticipated from the water fund to the water/sewer capital infrastructure
<br />fund 604 in 2034 to fund the maintenance of a water tower, an additional $1,000,000.
<br />
<br />2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
<br />Revenues 2,197,443 2,217,911 2,320,311 2,511,292 2,752,516 2,991,453 3,194,602 3,411,839 3,644,147 3,857,602 4,083,756 4,284,069 4,494,322
<br />Expenditures 2,240,567 2,232,103 2,404,193 2,643,618 2,856,129 2,952,822 3,076,043 3,204,678 3,338,987 3,479,243 3,625,736 4,778,770 4,678,668
<br />Cash Target 560,142 558,026 601,048 660,905 714,032 738,206 769,011 801,170 834,747 869,811 906,434 1,194,692 1,169,667
<br /> -
<br /> 200,000
<br /> 400,000
<br /> 600,000
<br /> 800,000
<br /> 1,000,000
<br /> 1,200,000
<br /> 1,400,000
<br /> -
<br /> 1,000,000
<br /> 2,000,000
<br /> 3,000,000
<br /> 4,000,000
<br /> 5,000,000
<br /> 6,000,000
<br />Water Fund 601
<br />Revenues Expenditures Cash Target
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