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E-MIMI' <br />MYV Utility Finance Overview <br />lwl <br />► Water & sewer utilities are financially self-supporting enterprises <br />Service charges generate >95% of total revenues <br />► Rates need to recover costs of providing service <br />E <br />City has provided strong financial stewardship by <br />proactively raising rates to fund escalating costs <br />Prior rate increases improved financial health, but future <br />rate increases needed to address future funding needs <br />SVCW rebuilding & upgrading influent force main & wastewater treatment plant <br />➢ Rehab & replacement of aging City water & sewer infrastructure <br />➢ Wholesale water rate increases <br />➢ Ongoing cost inflation <br />