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CC WORKSESSION PACKET 10262020
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CC WORKSESSION PACKET 10262020
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10/22/2020 4:04:17 PM
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<br />Sewer Rates: <br /> <br />As part of the annual rate adjustment process the sewer treatment and collection system <br />costs are categorized as fixed in nature or flow volume driven. The 2021 budgeted <br />sewer costs are comprised of $511,933 in fixed costs and $771,894 in flow volume driven <br />costs (usage), see table B summary below: <br /> <br /> OPERATING DEPRECIATION OVERALL <br />FIXED 436,237 37% 75,697 70% 511,933 40% <br />USAGE 739,453 63% 32,441 30% 771,894 60% <br /> 1,175,690 100% 108,138 100% 1,283,828 100% <br /> <br /> <br />The Multiyear approach to sewer rates also includes the phase in of the flat fee. As part <br />of the transition process the usage rate growth was expected to decelerate as flat fee was <br />phased-in. Based on estimated actual results for 2020 and updated 2021 budgeted costs <br />that expectation is reflected in the proposed rates for 2021. <br /> <br />Proposed 2020 Sewer rates are below: <br /> <br /> 2020 2021 ($ Decrease) <br />Per 1000 gallons Rates Rates $ Increase <br />Sewer Usage rate 4.64 4.64 - <br />Qtr. Collection system charge 12.80 15.25 2.45 <br /> <br />The above rates are projected to produce $1,270,083 in revenues in 2021. At this level of <br />revenues the operating income before depreciation is budgeted to be $94,393. The sewer <br />budget is attached as Exhibit B. <br /> <br />The recommendation’s impact on 2021 quarterly Sewer bills is reflected below: <br /> <br /> <br /> <br /> <br />2021 Sewer Rate 4.64 4.64 4.64 4.64 4.64 4.64 <br />2021 Usage levels 4,600 7,500 15,000 22,500 30,000 37,500 <br />Fixed Fee 15.25 15.25 15.25 15.25 15.25 15.25 <br />Usage 21.34 34.80 69.60 104.40 139.20 174.00 <br />2021 Billing 36.59 50.05 84.85 119.65 154.45 189.25 <br />2020 Billing 34.14 47.60 82.40 117.20 152.00 186.81 <br />DIFFERENCE 2.45 2.45 2.45 2.45 2.45 2.45
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