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  <br />The Multiyear approach to water rates includes the phase in of the flat fee which began <br />in 2016. The transition process expected the usage rate growth to decelerate as flat fee <br />was phased-in. Based on estimated actual results for 2018 and updated 2019 budgeted <br />costs that expectation is reflected in the proposed rates for 2019. <br /> <br /> <br />Proposed 2019 water rates: <br /> <br />  2018  2019    <br />Per 1000 gallons  Rates  Rates   $ Increase  <br />Water Tier I  3.07  3.07  ‐  <br />Water Tier II  3.24  3.24  ‐  <br />Water Tier III  3.55  3.55  ‐  <br />Water Tier IV  4.08  4.08  ‐  <br />Water Tier V  5.12  5.12  ‐  <br />Irrigation   4.08  4.08  ‐  <br />Quarterly flat fee  6.70    10.05  3.35  <br /> <br /> <br />The above rates are projected to produce $1,058,928 in revenues assuming water <br />consumption similar to 2018. At this level of revenues the operating income before <br />depreciation is budgeted to be $43,165. The water budget is attached as Exhibit A. <br /> <br /> <br /> <br />The recommendation’s impact on 2019 Water bills are reflected below: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />2019 Tier Rates 3.07             3.07             3.24             3.55             4.08             5.12             <br />2019 Usage levels 4,600           7,500           15,000         22,500         30,000         37,500         <br />Fixed Fee 10.05           10.05           10.05           10.05           10.05           10.05 <br />Usage 14.12           23.02           47.30           73.95          104.54         142.93         <br />2019 Billing 24.17 33.07 57.35 84.00 114.59 152.98 <br />2018 Billing 20.82 29.72 54.00 80.65 111.24 149.63 <br />DIFFERENCE 3.35 3.35 3.35 3.35 3.35 3.35