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