Laserfiche WebLink
Business-Type Operations <br />As highlighted earlier, the City’s business-typefunctions include a number of functions that are provided <br />to allresidents and property owners including water and sewer services. However, they also include a <br />number of functions that are somewhat voluntary in nature where residents make a conscious decision <br />whether to utilize those services. These include the City’s community development, communications, and <br />license center functions. <br />Over the next 10 years, the City’s business-typeoperations are projected to collectively grow 3% per year, <br />from $15.9million in estimated expenditures in 2016 to $20million in 2025. This assumes that the City <br />will continue providing the same programs and service levels as it currently does. The projections <br />incorporate increases in personnel, supplies & materials, and other operating costs including technology- <br />related equipment. <br />These projections also include the following annualassumptions: <br />2-3% increase in personnel, supplies & other charges <br /> <br />Declining use of excess cash reserves <br />3-4% growth in fees & permits <br />2% earnings on investments <br /> <br />As suggested above, there will be an increasing reliance on fees & permitsto sustain business-type <br />operations due to projected lower growth in non-fee/permit revenues as well as the need to eliminate the <br />use of excess cash reserves beyond the next few years. Due to the diverse functions captured in the <br />business-typeoperations, the impact on citizens and taxpayers will vary dependent on the fee-based <br />services that are utilized. As a result, only the water & sewer operationalimpact for single-family homes <br />will be measured. <br />The water & sewer operationalimpact on single-family homeowners is depicted in the chart below. <br />Water & Sewer Ratepayer Impact (Monthly) <br /> $30.00 <br /> $25.00 <br /> $20.00 <br /> $15.00 <br /> $10.00 <br /> $5.00 <br /> $- <br />2016201720182019202020212022202320242025 <br />As shown in the chart, a typical single-family home can expect to pay approximately 3% more each year <br />in their water & sewer bills to sustain current operations. <br />86 <br /> <br />