Title
Discussion of issues relating to the Water and Wastewater Rate study performed by NewGen Strategies and Solutions.
Body
Summary:
On January 15, 2019, the City Council authorized an agreement with NewGen Solutions and Strategies for a water and wastewater rate study. The purpose of the study is for the company to independently assess and evaluate the City’s existing water and sewer rates using financial and consumption information and provide recommendations for water and sewer rates for all customer classes. The objective of the study is to adequately fund water and sewer utility operations, capital costs, and debt service while minimizing rates to the greatest degree possible.
NewGen Solutions and Strategies performed the study, produced a draft report and made a presentation at the June 24, 2019 City Council Budget Workshop regarding the rates proposed for FY 2019-2020. The final report and PowerPoint presentation that NewGen will present at the September 17, 2019 Council Workshop is attached.
Fiscal/Budgetary Impact:
A 10% increase in water and wastewater rates is proposed for FY 2019-2020.
Recommended action
Discussion only during workshop. A water and wastewater rate ordinance is included on the 9-17-19 Regular Council Agenda for consideration and possible action.