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04-16-18-WS
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04-16-18-WS
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<br /> <br />future unknowns such as lower water revenues due to weather, while <br />eliminating the need to borrow from the PIR Fund. <br />2. Rate Increases have been adjusted to 6.5% per year for 2018 through 2022. We are <br />projecting 2.0% for 2023 through 2028. <br />3. Impact Analysis for customers with 12” meters. After looking at this more closely, <br />we realized there is only 1 customer with a 12” meter (not 3) and it is the <br />Department of Military Affairs, or the US Army. The Updated Impact Analysis is <br />on Slide 44. They are the far right-hand column. They are projected to see an <br />increase in the water portion of their bill of $2,888.28 per quarter. Their total bill is <br />projected to increase $2,965.75 under Option #1. <br /> <br />Sewer Utility <br />1. Increasing the quarterly base charge from $46.41 to $50.00 will result in additional <br />revenues of $46,000 per year. This equates to a 2018 rate increase of 6.5% instead <br />of 4.0%. This additional 1.5% is without any changes to the proposed consumption <br />rate of $5.15 per 1,000 gallons shown in Option #1. <br />a. All sewer bills would see an increase of $3.59 per quarter in 2018. <br />2. The increase in the quarterly base charge allows the fund to maintain 6.5% rate <br />increases from 2018 through 2021. We are projecting 3.5% rate increases for 2022 <br />through 2028. <br /> <br />Storm Water Utility <br />1. We have reduced the 2018 rate increase from 3.0% to 2.0%. Future years remain <br />at 1.0% increase for 2019 and beyond. <br /> <br />As you can see, small changes can have a ripple effect on the rates and the impacts on <br />ratepayers. We believe the changes requested by the Council have had a positive impact <br />on the study and will provide the foundation for the TCAAP projections. We will begin <br />working on the next phase of the study once Stacie has returned from her leave. <br />Feel free to contact either one of us if you have additional questions or if you would like <br />to discuss.
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