CC WORKSESSION PACKET 10302017 - Laserfiche WebLink

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The recommended 2018 water rates are below: 2017 2018 Per 1000 gallons Rates Rates $ Increase Water Tier I 3.10 3.07 -0.03 Water Tier II 3.27 3.24 -0.03 Water Tier III 3.59 3.55 -0.04 Water Tier IV 4.12 4.08 -0.04 Water Tier V 5.17 5.12 -0.05 Irrigation 4.12 4.08 -0.04 Quarterly flat fee 3.35 6.70 3.35 The above rates are expected to produce $1,044,403 in revenues assuming water consumption similar to 2017. At this level of revenues the operating income before depreciation is budgeted to be $109,450. While this is a 1% decrease in usage rates the effective rate increases due to the increased quarterly flat fee. The water budget is attached as Exhibit A. The recommendation’s impact on 2018 Water bills are reflected below: Lastly, the water rates were compared to the 2017 survey of Metro area city’s water rates. The first table below reflects the 2017 the overall average billing by tiers and by the three commonly used rate combinations. The second table presents similar data for 2018 assuming a 4% increase in usage rates and flat/minimum charges. The SAV billings in each table below are the existing 2017 rates and the proposed 2018 rates. The survey details are attached as Exhibit B. 2018 Tier Rates 3.07 3.07 3.24 3.55 4.08 5.12 2018 Usage levels 4,600 7,500 15,000 22,500 30,000 37,500 Flat Fee 6.70 6.70 6.70 6.70 6.70 6.70 Usage Charge 14.12 23.02 47.30 73.95 104.54 142.93 2018 Proposed Billing 20.82 29.72 54.00 80.65 111.24 149.63 2017 Actual Billed 17.61 26.60 51.13 78.05 108.95 147.73 DIFFERENCE 3.21 3.12 2.87 2.60 2.29 1.91 Min/Flat - Tiers M/F 7,500 15,000 22,500 30,000 37,500 2017 Overall Average 19.22$ 39.40$ 60.03$ 83.40$ 107.71$ 134.34$ SAV 2017 rate 3.35$ 26.60$ 51.13$ 78.05$ 108.95$ 147.73$ Usage only (1 City)-$ 21.38$ 42.75$ 65.93$ 90.30$ 114.68$ Flat fee + usage (61 Cities)18.26$ 41.47$ 63.07$ 86.56$ 111.06$ 138.18$ Min + usage (12 Cities)22.57$ 30.37$ 46.07$ 68.81$ 92.10$ 116.46$