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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 2020 and updated 2021 budgeted <br />costs the proposed rates for 2021 are reflected below. <br /> <br /> <br />Proposed 2021 water rates: <br /> <br /> 2020 2021 <br />Per 1000 gallons Rates Rates $ Increase <br />Water Tier I 3.07 3.13 .06 <br />Water Tier II 3.24 3.30 .06 <br />Water Tier III 3.55 3.63 .08 <br />Water Tier IV 4.08 4.16 .08 <br />Water Tier V 5.12 5.22 .10 <br />Irrigation 4.08 4.16 .08 <br />Quarterly flat fee 13.40 17.75 4.35 <br /> <br /> <br />The above rates are projected to produce $1,178,842 in revenues assuming water <br />consumption similar to 2020. At this level of revenues the operating income before <br />depreciation is budgeted to be $17,609. The water budget is attached as Exhibit A. <br /> <br /> <br /> <br />The recommendation’s impact on 2021 quarterly Water bills are reflected below: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />2021 Tier Rates 3.13 3.13 3.30 3.63 4.16 5.22 <br />2021 Usage levels 4,600 7,500 15,000 22,500 30,000 37,500 <br />Fixed Fee 17.75 17.75 17.75 17.75 17.75 17.75 <br />Usage 14.40 23.48 48.24 75.43 106.63 145.79 <br />2021 Billing 32.15 41.23 65.99 93.18 124.38 163.54 <br />2020 Billing 27.52 36.42 60.70 87.35 117.94 156.33 <br />DIFFERENCE 4.63 4.81 5.30 5.83 6.44 7.21