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-27- <br />Water Supply Agreement and approved Enterprise budgets. Table 11 below sets forth historical <br />water rate increases since Fiscal Year 2010-11. <br /> <br />Table 11 <br />Historic Water Rate Increases <br /> <br />Fiscal Year Rate Increase <br />2010-11 9.0% <br />2011-12 9.0 <br />2012-13 12.0 <br />2013-14 9.0 <br />2014-15 9.0 <br />2015-16 9.0 <br />2016-17 4.8 <br /> <br />Source: City of Redwood City Public Works Services Department. <br /> <br />Future Rate Increases. A 4.8% water rate increase for Fiscal Year 2016-17 was approved <br />and adopted by the City Council on June 27, 2016. At the same meeting, City Council also <br />approved a 7.8% increase for Fiscal Years 2017-18 and 2018-19. While additional increases have <br />not been considered by the City Council, increases of 5.0% and 4.0% in Fiscal Years 2019-20 and <br />2020-21, respectively, have been assumed for planning purposes and have been used in the <br />projection of revenues, expenses and debt service coverage shown in Table 18. Such increases, if <br />approved, could be higher or lower. Rate increases are made, when necessary, to reflect <br />wholesale water rate increases (see Table 5), the cost of City capital improvement projects for <br />the potable water system, debt service obligations and operating costs to manage the Enterprise. <br /> <br /> <br />8.C. - Page 52