CC WORKSESSION 11022015 - Laserfiche WebLink

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The overall impact of the recommended rates for a residential customer at each of the five tier level ranges from 3.83% to 4.20% as detailed below: Tier Level 1st-7,500 2nd-15,000 3rd-22,500 4th-30,000 5th-37,500 Distribution (1st Qtr. 2015) 31.2% 45.3% 17.8% 3.7% 1.9% 2016 Proposed 72.44 129.82 189.59 253.34 324.97 2015 Actual 69.77 124.74 182.04 243.17 311.87 Quarterly Increase 2.67 5.08 7.55 10.17 13.10 Annual Increase 10.68 20.32 30.20 40.68 52.40 Percent Increase 3.83% 4.08% 4.15% 4.18% 4.20% Water Rates: The April 2012 water rate discussion resulted in the multi- year approach cited previously. Consistent with this approach, the elimination of annual transfer from the water operations to the general fund is carried forward to 2016. In 2016 a transfer from the utility fund to the CIP fund has been proposed at $25,000 ($15,000 in 2015). The transfer is propose to increase by $10,000 each year from 2016-2018 with the transfer topping out at 50,000 in 2019. The $50,000 approximates the annual replacement amount for the Utility equipment included in the CIP program. This phase in approach will moderate the annual rate increases required. Therefore the recommended 2015 rate per 1,000 gallons is $3.10, or an eleven cent ($.12) increase. This represents a 4.03% increase in rate and would be expected to generate $35,734 in additional revenues (assuming water usage is similar to 2015). The impact on a 7,500 gallon per quarter user would be as follows: Quarterly Bill Usage Rate $ Increase % Change 2011 $19.50 $2.60 - - 2012 $20.03 $2.67 $0.07 2.69 2013 $20.63 $2.75 $0.08 3.00 2014 $21.53 $2.87 $0.12 4.50 2015 $22.35 $2.98 $0.11 3.83 2016 $23.25 $3.10 $0.12 4.03 16