Specifications include, but are not limited to: 1. Rate Regulations. Discuss current rate regulations (including Proposition 218) and impacts to this Study. Develop a schedule so that the final Water Rate Study can be completed by February 2020, and the City Council can adopt the new rates in May 2020 for implementation on July 1, 2020. 2. Rate Structure. Determine if the City should consider a different rate structure or tier breakdown. Provide the pros and cons of the existing rate structure and other rate structure options that would send a conservation signal to the customer and is consistent with current regulations (such as Proposition 218). 3. Other Rate Categories. Determine if the City should consider separate rates for irrigation, residential, and multi-residential customers, and if so, make rate recommendations. 4. 10-Year Revenues & Expenditures. Determine the annual revenue requirements needed to fund the City’s current and planned operating and capital programs, including projects identified in the Master Plan. Provide a 10-year projection showing revenue and operating costs based upon the different rate structures proposed, and provide a separate 10-year projection for the capital facilities fund. 5. Water Consumption Charges. Develop and recommend a 5 year rate schedule starting with fiscal year 2020-21 (July 1, 2020). Recommend necessary rate adjustments to the four water rate elements to ensure MPMW is in sound financial health for its operating and capital budgets. 6. Water Meter Charges. Evaluate and recommend a 5-year update of water meter charges and fire meter charges to be in-line with other local water agencies. 7. Water Capital Surcharges. Evaluate and recommend a 5-year update of water capital surcharges to help fund capital projects identified in the Master Plan. 8. Drought Surcharges. Evaluate and recommend a 5-year update of drought surcharges at 10%, 20%, 30%, and 50% water cutbacks. Determine the financial impacts to rates and options to ensure the water fund remains whole.