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53 <br />TO: MARK CASEY, CITY MANAGER <br />FROM: SHELLY RUECKERT, FINANCE DIRECTOR <br />SUBJECT: 2015 UTILITY RATES <br />DATE: OCTOBER 28, 2014 <br />2015 Utifi , Rate Synopsis: <br />The utility rates recommended herein for 2015 reflects the multi-year approach towards <br />rate adjustments that began in 2012. The concept will allow for reasonable rate <br />adjustments that maintain an equitable sharing of costs, encourages conservation, and <br />retires debt. The approach and rates will be evaluated annually. <br />The overall impact of the recommended rates for a residential customer at each of the <br />five tier level ranges from 3.98% to 4.39% as detailed below: <br />Tier Level 1-t-7,500 2.a-15,000 3rd -22,500 4th -30,000 5th -37,500 <br />Distribution <br />(1st Qtr. 2014) 30.2% 46.4% 18.4% 3.6% 1.4% <br />2015 Cost 69.77 124.74 182.04 243.17 311.87 <br />2013 Cost (67.10) (119.67) (174.49) (232.99) (298.76) <br />Quarterly <br />Annual <br />2.67 <br />10.68 <br />5.07 <br />20.28 <br />7.55 <br />30.20 <br />10.18 <br />40.72 <br />13.11 <br />52.44 <br />Percent Increase <br />3.98% <br />4.24% <br />4.33% <br />4.37% <br />4.39% <br />The remainder of this document discusses the rate increases by service type <br />Water Rates: <br />The April 2012 water rate discussion resulted in the multi- year approach cited <br />previously. Consistent with this approach, the elimination of annual transfer from the <br />water operations to the general fund is carried forward to 2015. In 2015 a transfer from <br />the utility fund to the CIP fund has been proposed at $15,000. The transfer is propose to <br />