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Sewer Utility –Impact on Cash Flows UPDATED <br />•Sewer Rates <br />–Rate increases <br />–Rate increases allow: <br />•Repay interfund loan to PIR Fund by 2020 <br />•Ensure sufficient funds to pay for debt service <br />•Not high enough to build cash reserves until 2022 <br />•Projected to be below Targeted Working Capital through 2028 <br />–Sewer Fund still projected to have negative cash in 2019 <br />21 <br />Prelim. <br />Budget <br />2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 <br />4.00%10.00%5.00%5.00%5.00%5.00%3.00%3.00%3.00%3.00%3.00% <br />Projected <br />Prior Work Session <br />Current Recommendations <br />** UPDATED Recommendations ** <br />Prelim. <br />Budget <br />2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 <br />6.50%6.50%6.50%6.50%3.50%3.50%3.50%3.50%3.50%3.50%3.50% <br />Projected <br />UPDATES <br />1.Rate increases of <br />6.5%/year <br />2.Interfund Loan still <br />repaid in 2020 <br />3.No changes to <br />borrowing