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TO: MARK CASEY, CITY MANAGER <br />FROM: SHELLY RUECKERT, FINANCE DIRECTOR <br />SUBJECT: 2014 UTILITY RATES <br />DATE: OCTOBER 14, 2013 <br />2014 Utility Rate Synopsis: <br />The utility rates recommended herein for 2014 reflects a 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 4.44% to 4.91 % as detailed below: <br />Tier Level 1-t-7,500 2nd- 15,000 3rd- 22,500 4th- 30,000 5th- 37,500 <br />Distribution 29.4% 46.2% 18.6% 4.1% 1.7% <br />2014 Cost 67.12 119.67 174.49 233.02 298.76 <br />2013 Cost (64.27) (114.29) (166.49) (222.22) (284.84) <br />Quarterly <br />2.83 <br />5.38 <br />8.00 <br />10.81 <br />13.92 <br />Annual <br />11.30 <br />21.50 <br />32.00 <br />43.23 <br />55.70 <br />Percent Increase 4.44% 4.73'% 4.84% 4.89% 4.91% <br />Resolutions XXXX contain the rate adjustments recommended above. <br />The remainder of this document discusses the rate increases by service type <br />