TO: Mayor and City Commission
FROM: Cale Curtis, City Manager
DATE: October 18, 2023
Title
PRESENTATION - GOVRATES MUNICIPAL ADVISOR PRESENTATION ON THE CITY’S WATER AND WASTEWATER UTILITY RATE STUDY
BACKGROUND: Municipal Advisor, GovRates, will be providing a presentation regarding the City’s Water and Wastewater Utility Rate Study. The proposed water and wastewater updated rates resolution, to be considered at the December City Commission meeting, is included in the backup for reference.
A summary of items to be included in the presentation are as follows:
• Utility Overview
• Major Cost Factors Affecting Water and Wastewater Utility
• Revenues Under Existing Rates
• Projected Financial Position
• Projected Need for Revenue Adjustment
• Proposed Funding of Capital Improvement Program
• User Rate Comparison and Design
• Impact Fees and Other Miscellaneous Service Charges
• Summary of Rate Study and Proposed Financial Plan
CONTACT PERSON: Curt Keyser, Director of the Department of Environmental and Engineering Services