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Page 3 of 3
<br /> 1 The second part of the recommendation is to transfer$600,000 from the Storm water Fund to the
<br /> Water Fund(which currently has a 0 balance) in 2012, creating a sustainable fund balance in
<br /> 83 that fund.
<br /> 84
<br /> 85 The subcommittee recognizes that this recommendation represents a very significant year-one
<br /> 86 increase in the utility base fees, but for cash flow reasons prefers that to incremental increases,
<br /> 87 which delay projects and increase out-year costs, including maintenance costs for older
<br /> 8 infrastructure.
<br /> 89
<br /> 90 For reference, with implementation of these recommendations, the typical residential household
<br /> 91 would see their total utility lase fee payment per quarter go up by $44.28 in 2012. (Utility usage
<br /> 92 fees would not be impacted.)
<br /> 93
<br /> 94 The subcommittee believes that it is appropriate to refer these proposed rate changes to the
<br /> 95 Public Works, Environment, and Transportation Commission for their review and comment,
<br /> 9
<br /> 97
<br /> 98 'Total Impact of Recommendations.
<br /> 99
<br /> 100 The proposed subcomr ittee recommendations contained in the June 13 and June 20 memos are
<br /> 101 graphically represented, superimposed on the earlier graph of the problem (Figure 1 above), as
<br /> 102 fellows:
<br /> 103
<br /> $2501000,000 zi Cumulative 2;
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<br /> 105
<br /> 106 Figure 2. With Recommended Solutions -All Funds. The red bars represent cumulative
<br /> 107 'annual capital cost's, while the green area represents cumulative projected current annual
<br /> 108 budgeted capital funding. The light blue area represents cumulative projected new funding from
<br /> 109 new revenues. The narrow purple area between the green and light blue areas represents
<br /> cumulative new funding from operational budget cuts. All figures are in 2011 dollars.
<br /> ill
<br /> 112 As can be seen, even with the subcommittee recommendations of both the June 13 and June 20
<br /> 113 memos, significant work remains—primarily in the Parks and Streets capital funding areas,
<br /> 114 which are net addressed by these recommendations.
<br />
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