Subject:
Title
Utility Services Rate Resolution for Barefoot Bay encompassing the Barefoot Bay Water and Sewer District SystemTitle
End
Fiscal Impact:
The following summarizes the requested rate adjustments:
As proposed the water and sewer user rates will be adjusted beginning March 2022 and subsequent years beginning January 1 from 2023 thru 2025 as follows: 2022 - 10.0%, 2023 - 13.0%, 2024 - 13.0%, 2025 - 13.0%. Beginning January 1, 2026 and January 1st of subsequent years the water and sewer user rates shall be indexed automatically annually.
In addition to the proposed rate adjustments, the rate resolution has been modified to include an Exhibit A and B. Exhibit A contains rates, fees and charges where the cost has been adjusted but will remain fixed thereafter with no annual index adjustment. Exhibit B contains rates, fees, and charges where the costs have been adjusted and the costs will thereafter be indexed annually.
All rates, fees and charges per Exhibit B shall be indexed annually pursuant to the U.S. Bureau of Labor Statistics Seasonally Adjusted U.S. City Average Consumer Price Index for All Urban Consumers Water and Sewerage Maintenance Series Id CUSR0000SEHG01 (W S M I)(U).
Dept/Office:
Utility Services Department
Requested Action:
Recommendation
Approval of the Rate Resolution for the Barefoot Bay Water and Sewer District System to be implemented March 2022
End
Summary Explanation and Background:
The Utility Services Department has conducted a review of its water and sewer capacity, the conditions of existing assets, and the impacts of recent State Environmental Laws have to this Department. With the assistance of our utility rate consultant, Raftelis, Inc., much detail was invested to develop a financial model of this Department and to review the revenue versus future expenditures of this Department.
Through this level of due diligence, we propose the rate adjustments, as specified under Fiscal Impact, that will provide the fund...
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