2012-11-27_PWETC_AgendaPacket - Laserfiche WebLink

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25o Roseville's philosophy is to ensure that all indirect costs are reflected in the water and sewer rates. This 251 results in higher water and sewer rates. This also means that we don't have as much indirect costs being 252 supported by the property tax. 253 254 This can be somewhat reflected in the chart below which combines property taxes and water and sewer 255 charges for a typical single - family home. 256 $1,800 $1,600 $1,400 $1,200 $1,000 4e 4 4 �`b �w• �o Go 257 258 259 As is shown in this chart, when looking at more comprehensive comparison that factors in a more broad - 26o based spectrum of needs and funding philosophies, Roseville has one of the lowest financial impacts of the 261 comparison group - afull 15% below the peer average. Once again, we must also look at other factors and 262 local preferences to determine whether there are other influences affecting property taxes and rates. 263 264 POLICY OBJECTIVE 265 An annual review of the City's utility rate structure is consistent with governmental best practices to ensure 266 that each utility operation is financially sound. In addition, a conservation -based rate structure is consistent 267 with the goals and strategies identified in the Imagine Roseville 2025 initiative. 2012 Taxes + Water + Sewer Comparison 268 FINANCIAL IMPACTS 269 See above. 270 STAFF RECOMMENDATION 271 Based on the increasing costs noted above, Staff is recommending rate adjustments as shown in the 272 attached resolution. 273 REQUESTED COUNCIL ACTION 274 For discussion purposes only. The Council will be asked to adopt the attached resolution establishing the 275 2013 Utility Rates at a subsequent Council meeting. 276 Prepared by: Chris Miller, Finance Director Attachments: A: Resolution establishing the 2013 Utility Rates 277 Page 9 of 12