Financial Performance – Water & Wastewater Current Rates (slides)
Rate Plan and Development
Ensure both Water and Wastewater are self-sufficient and financially stable. Achieve rate
gradualism by levelling customer impacts for FY2026 through FY2029. Larger rate
increase warranted in FY2025 to fund near-term capital needs. Adjust residential water
volumetric tier differentials. Establish an increasing minimum charge by meter size for the
Landscape class. Establish a minimum charge for 1” commercial water users that differs
from the 5/8” and 3/4" rate.
Monthly Bill Impacts – 5/8” & 3/4", Residential use 6,500 gallons Water & Wastewater
FY 2025 - $7.84 variance
FY 2026 - $4.19 variance
FY 2027 - $4.32 variance
FY 2028 - $4.10 variance
FY 2029 - $7.08 variance
Monthly Bill Impacts – 1", Commercial use 25,000 gallons Water & Wastewater
FY 2025 - $31.83 variance
FY 2026 - $18.11 variance
FY 2027 - $17.59 variance
FY 2028 - $17.59 variance
FY 2029 - $27.70 variance
Monthly Bill Impacts – 2", Landscape 50,000 gallons Water
FY 2025 - $51.74 variance
FY 2026 - $31.34 variance
FY 2027 - $30.82 variance
FY 2028 - $30.81 variance
FY 2029 - $32.39 variance
Financial Performance – Combined – Proposed Rated (slides)
Regional Bill Comparison (slide)
Next Steps
January 28, 2025 – present a 5-year annual rate increase ordinance to City Council
February 11, 2025 – Second reading of ordinance
Goal – Adopt new rates for implementation on April 1, 2025.
Projects per debt issuance (slides)
Top 10 Water Capital Projects Over Next 5 Years: