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<br />WS – Item 2 <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 2 <br /> <br /> <br />Date: May 3, 2021 <br /> <br />To: City Council <br /> <br />From: Hannah Lynch, Finance Director <br /> <br />Re: Utility Rate Study Presentation <br /> <br /> <br />Background <br /> <br />On February 22, 2021, the City Council approved Baker Tilly to complete a Utility Rate <br />Study. The study includes the Water Operating, Sewer Operating, and Area and Unit <br />Charge funds. Over the last two months Baker Tilly has worked with City staff to <br />evaluate past performance of the funds and to recommend rates to cover operations & <br />maintenance, debt service, and capital improvements. Rate recommendations were given <br />for the next five years while the fund financial projections are shown over the next ten <br />years. Actual performance of each fund will be evaluated on an annual basis during the <br />budget process. <br /> <br />Patty Kettles, Director at Baker Tilly, will present the study. <br /> <br />Requested Council Direction <br /> <br />Consider the rate recommendations for fiscal years 2022 thru 2026. <br /> <br />Attachments <br /> <br />Water and Sewer Rate Study <br />Rate Study PowerPoint Presentation