CCP 03-09-1992 - Laserfiche WebLink

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., . utility Increases Page Two This next option, Option B, shows the impact of a 25 percent in=ease at April 1, 1992, and again at January 1, 1993, in the sewer fund. See Attachment B. Based on projections with the 25/25 percent in=ease in sewer rates, the projected loss for 1992 would be $115,345. For 1993, there would be a projected income of $32,746. Again, due to compounding, the 1993 rate using the two step in=ease ($24.41 seniors, $48.80 residential and $2.63/1000 gallons for all others), all would be at a higher rate than if the one step in=ease was implemented ($23.43 seniors, $46.85 residential and $2.52/1000 gallons for all others). What does Option B mean to the customers in dollar figures? For seniors, there would be an additional $3.91/quarter or $11.73 for three quarters in 1992 and also another $4.88/quarter or $19.52 per year more in 1993. OVerall, seniors would pay an additional $73.26 during the 2 year period using the two step process as compared to $54. 67 using the one step method. Residential customers under Option B would pay an additional $7.81/quarter or $23.43 for three quarters during 1992 and also another $9.76/quarter or $39.04 per year more in 1993. OVerall, residential . customers would pay an additional $146.42 during the two year period using the two step process as compared to $109.34 using the one step method. For non-residential customers under Option B, there would be an additional $.42/1000 gallons in 1992 and another $.53/1000 gallons in 1993. OVerall, non-residential customers would pay an additional $1.37/1000 gallons during the two year period using the two step process as cornpared to $.84/1000 gallons using the one step process. Under Option B, the sewer fund would experience a projected cash deficit of approximately $15,000 in 1992. This would reduce the cash equivalents balance to approximately $385,000 at the end of 1992. A final option, Option C, is shown in Attachment C for the sewer fund. This option shows the impact of a 35 percent in=ease at April 1, 1992 and an additional 15 percent in=ease at January 1, 1993. Based upon projections with the 35/15 percent in=ease in sewer rates, the projected loss for 1992 would be $73,811. F= 1993, there would be a projected income of $33,777. Once again, due to compounding, the 1993 rate using the two step increase ($24.25 seniors, $48.48 residential and $2.61/1000 gallons for all others), all would be at a higher rate than if the one step in=ease was implemented ($23.43 seniors, $46.85 residential and $2.52/1000 . gallons for all others).