2012-11-27_PWETC_AgendaPacket - Laserfiche WebLink

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81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 Page 3 of 3 The second part of the recommendation is to transfer $ 600,000 from the Storm water Fund to the Water Fund (which currently has a $0 balance) in 2012, creating a sustainable fund balance in that fund. The subcommittee recognizes that this recommendation represents a very significant year -one increase in the utility base fees, but for cash flow reasons prefers that to incremental increases, winch delay projects and increase out -year costs, including maintenance costs for older infrastructure. For reference, with implementation of these recommendations, the typical residential household would see their total utility base fee payment per quarter go up by $44.28 in 2012. (Utility usage fees would not be impacted) The subcommittee believes that it is appropriate to refer these proposed rate changes to the Public Works, Environment, and Transportation Commission for their review and comment. Total Impact of Recommendations. The proposed subcommittee recommendations contained in the June 13 and June 20 memos are graphically represented, superimposed on the earlier graph of the problem (Figure l above), as follows: Figure 2. With Recommended Solutions - All Funds. The red bars represent cumulative annual capital costs, while the green area represents cumulative projected current annual budgeted capital funding. The light blue area represents cumulative projected new funding from new revenues. The narrow purple area between the green and light blue areas represents cumulative new funding from operational budget cuts. All figures are In 2011 dollars. As can be seen, even with the subcommittee recommendations of both the June 13 and June 20 memos, significant work remains — primarily in the Parks and Streets capital funding areas, which are not addressed by these recommendations.