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<br /> <br />Water Rate Cost-of-Service Study <br />Section 1. Executive Summary <br /> <br /> <br />HF&H Consultants, LLC | July 8, 2025 | Page 5 of 53 <br />Figure 1-3. Projected Year-End Fund Balance <br /> Source: Figure 3-9. <br />Note: City’s Reserve Target is a proposed policy, recommended by City staff. <br /> <br />Figure 1-4. Debt Service Coverage <br /> Source: Figure 3-8. <br />* Non-operating income includes backflow admin & testing fees, sewer & general fund transfers. <br />RATE STRUCTURE <br />Current Rate Structure <br />The City’s current rate structure is comprised of two components: Service Charges and Water <br />Use Charges. <br />FY 2025-26 FY 2026-27 FY 2027-28 <br />Rate Revenue w/ Increases $51,236,452 $54,538,877 $57,530,573 <br />Non-Operating Income*$1,648,725 $1,699,695 $1,752,254 <br />Interest Income $352,856 $315,027 $275,464 <br />Total Funds Available $53,238,033 $56,553,599 $59,558,291 <br />O&M Expenses ($41,266,135) ($41,804,432) ($42,695,938) <br />Net Revenue $11,971,898 $14,749,167 $16,862,352 <br />Debt Service $3,782,913 $3,779,913 $3,777,213 <br />Debt Coverage Ratio 3.16 3.90 4.46 <br />ATTY/RESO.0109/CC RESO WATER RATES - EXHIBIT A <br />REV: 11-05-25 MI