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'It <br /> --fi.REN.�HILLS <br /> MEMORANDUM <br /> DATE: November 19, 2012 <br /> TO: Honorable Mayor and City Council Members <br /> Patrick Klaers, City Administrator <br /> FROM: Sue Iverson, Director of Finance and Administrative Services <br /> Kyle Howard, Finance Analyst <br /> SUBJECT: Utility Rate Study <br /> Background <br /> The Financial Planning and Analysis Committee have been reviewing the City's Utility Rates <br /> and Structure. Members of the Committee will be presenting their recommendation to the <br /> Council. Staff will also be using the long-term forecast model so show the projected cash flows <br /> for the utility funds, along with scenarios the proposed changes will have on residential bills. We <br /> do not have hand out at this time since we are still working out the final details. <br /> Page 1 of 1 <br />