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Key Findings –Water Utility <br />•Water Rates <br />1.Existing tiers are appropriate <br />2.Lack of sufficient cash balances to pay for future capital needs and/or have adequate balance for unforeseen issues <br />3.Not every user has a meter charge <br />•22 accounts are “sewer only” and only have a Standby Charge <br />4.Current usage rates <br />•Meets Conservation standards per statute <br />•Generates insufficient revenues <br />•Take Away: <br />1.Current cash balances are inadequate to pay for needed system upgrades so need to issue <br />debt in 2018 <br />2.Current rate increases don’t allow for payment of debt or allow for adequate reserves in the <br />future <br />13