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TO: MARK CASEY, CITY MANAGER <br />FROM: SHELLY RUECKERT, FINANCE DIRECTOR <br />SUBJECT: 2015 UTILITY RATES <br />DATE: DECEMBER 9, 2014 <br />2015 Utility 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 1st-7,500 2nd-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 />2014 Cost ($67.10) ($119.67) ($174.49) ($232.99) ($298.76) <br />Quarterly $2.67 $5.07 $7 .55 $10.18 $13.11 <br />Annual $10.68 $20.28 $30.20 $40.72 $52.44 <br />Percent Increase 3 .98% 4 .24% 4 .33% 4.37% 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 />137