Laserfiche WebLink
73 Home for all four utility funds is as follows: <br />74 <br />Utility Rate Impact: Single Family Home (Quarterly) <br />Old ModelEhlersEhlers <br />Service20202021$ IncreaseOption 1Option 2 <br />Water - base fee 62.10 63.34 1.24 18.8834.57 <br />Water - usage fee 27.60 41.40 13.80 46.8038.16 <br />Sanitary Sewer - base fee 40.25 41.66 1.41 41.6641.66 <br />Sanitary Sewer - usage fee 28.60 29.15 0.55 29.1529.15 <br />Storm Sewer 14.25 14.54 0.29 14.5414.54 <br />Recycling 9.00 9.36 0.36 9.369.36 <br />Total per Quarter$ 181.80$ 199.45$ 17.65 $ 160.39$ 167.44 <br />Percentage Change9.71%-11.78%-7.90% <br />75 <br />76 <br />77 P OLICY O BJECTIVE <br />78 An annual review of the City’s utility rate structure is consistent with governmental best practices to <br />79 ensure that each utility operation is financially sound. <br />80 <br />81 F INANCIAL I MPACTS <br />82 See above. <br />83 S TAFF R ECOMMENDATION <br />84 Staff recommends the rate adjustments as shown in the report and recommends the Ehlers option 2 for <br />85 the Water Utility rates. The Public Works, Environment & Transportation Commission reviewed and <br />86 recommended the Ehlers option 2 for the water rates. The Finance Commission will review the utility <br />th <br />87 rates on November 10. <br />88 <br />89 Staff recommends the City Council adopt one of the two proposed utiltiy rate models for the Water Fund. <br />90 R EQUESTED C OUNCIL A CTION <br />91 The material in this report is provided for infromation only at this point. Final consideration of the <br />92 utility rates will occur at the December 7 City Council meeting. However, the City Council should <br />93 provide direction to staff on what water rate option (Ehlers Option 1 or Ehlers Option 2) staff should <br />94 bring forward for final consideration at that meeting. <br />95 <br />Prepared by: Michelle Pietrick, Finance Director <br />Attachments: A: 2021 Rate Calculation Worksheets for Utility Funds <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Page 4 of 4 <br /> <br />