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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 2019 and updated 2020 budgeted <br />costs that expectation is reflected in the proposed rates for 2020. <br /> <br /> <br />Proposed 2020 water rates: <br /> <br /> 2019 2020 <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 10.05 13.40 3.35 <br /> <br /> <br />The above rates are projected to produce $1,095,004 in revenues assuming water <br />consumption similar to 2019. At this level of revenues the operating income before <br />depreciation is budgeted to be $28,617. The water budget is attached as Exhibit A. <br /> <br /> <br /> <br />The recommendation’s impact on 2020 quarterly Water bills are reflected below: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />34