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Proposed Changes to Water Fund <br />•Issue debt for Capital Projects <br />•Combine Meter Charges and Standby Charges <br />–Removes appearance of duplicity <br />–Continue to charge 22 Sewer Only accounts a Standby Charge <br />•These accounts would not have a Meter Charge <br />–New Meter Charges would generate sufficient revenues to cover <br />100% of Fixed Costs of the system. <br />•No Changes to Existing Tiers <br />–Rates would be adjusted to capture 100% of Variable Costs of <br />the system <br />•Rate Changes are “Revenue Neutral” <br />•Minimal impact on average users <br />17