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AgdaPkt 2016-06-27 Closed and Joint SA PFA
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AgdaPkt 2016-06-27 Closed and Joint SA PFA
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Last modified
9/27/2016 10:47:54 AM
Creation date
6/23/2016 4:49:31 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/27/2016
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Background, Objectives & Legal Requirements 4 <br /> Water & Sewer Financial Plans & Rate Studies <br />1.6 Rate Increase Pass Through Provisions <br />California Government Code Section 53756 (established via AB‐3030) became effective on <br />January 1, 2009. As subsequently amended, this section of the Code authorizes public agencies <br />providing water, sewer, and garbage services to adopt automatic pass through rate adjustments to <br />account for a) cost inflation, and b) increases in wholesale water charges or wastewater treatment <br />charges. <br /> <br />According to the Code, pass throughs must be adopted via the Proposition 218 process and can be <br />effective for up to five years without additional Proposition 218 authorization. The Proposition 218 <br />Notice informing ratepayers of the proposed pass through(s) must include a clearly defined formula <br />indicating how any inflationary or wholesale adjustments will be implemented. Once adopted, <br />agencies must send ratepayers an informational notice informing them of the pass‐through not less <br />than 30 days before the effective date of the pass‐through adjustment. <br /> <br />BWA recommends that the City adopt a rate schedule that allows for automatic pass throughs to <br />enable the City to increase its water rates in response to unanticipated SFPUC wholesale water rate <br />increases in excess of current SFPUC wholesale rate projections <br /> <br />6.4.A. - Page 31
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