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Water Rate Study Recommendations <br />September 17, 2019 <br />Water Enterprise <br />Master Plan Capital Spending Forecast <br />Projects include: <br />• Drilling new wells <br />• Rehabilitating existing wells <br />• Rehabilitating pump stations <br />• Rehabilitating tanks <br />• AMI project funded with debt <br />• Will create 8 full time jobs (@ $185K / FTE) <br />7 <br />$20 10-year total: $143.6 million <br />$16 - - - - - - -- <br />$14 - -- --- - - <br />,n $12 <br />° $10 <br />Historical <br />$8 spending - <br />$6 <br />$411 1 <br />F�ti6Fi'14'vroF�•,aF�vo�,y~�vv�v��vaF°vy�v6�,y1�,ya�,ya <br />7 <br />hqle,_ Enler• _ <br />■ Non -Rate Revenue ❑ Exismg Rate Revenues <br />a Rate Revenue from Increases ■ 08h1 Expenses 8 Transfers <br />Financial■ Debt Service ■ Cash -Funded CIP <br />and s <br />$120 <br />ecornmencled Rate N $100es X <br />— <br />$80 — <br />$60 i-Mina <br />tca� <br />$50 <br />�\—Mlnlmum Reserves —Ending Fund Bela... ----Target Reserves <br />0 <br />a so <br />FY2016 FY2019 FY2020 FY2021 H2022 FY2023 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 FY2000 <br />Jul.1 Jul.1 Jul.1 Jul.1 Jut.1 Jul.1 <br />Rate Increases 1 I'. 7.00% 6.50% 2.60% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% <br />mmored <br />Deb/issuances - - $8.7M - $11.7M - - - - - - - 8 <br />r <br />Stantec Consulting & Hildebrand Consulting <br />112 <br />65B-12 <br />