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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 2021 and 2022 budgeted costs the <br />proposed rates for 2022 are reflected below. <br />Proposed 2022 water rates: <br />2021 2022 <br />Per 1000 gallons Rates Rates $ Increase <br />Water Tier I 3.13 3.19 .06 <br />Water Tier II 3.30 3.37 .07 <br />Water Tier III 3.63 3.70 .07 <br />Water Tier IV 4.16 4.24 .08 <br />Water Tier V 5.22 5.32 .10 <br />Irrigation 4.16 4.24 .08 <br />Quarterly flat fee 17.75 21.25 3.50 <br />The above rates are projected to produce $1,285,431 in revenues assuming water <br />consumption in 2022 returns to a normalized level versus the higher consumption levels <br />seen in 2021. With a normalized consumption the operating income before depreciation <br />is budgeted to be $103,373. The water budget is attached as Exhibit B. <br />The recommendation’s impact on 2022 quarterly Water bills is reflected below: