The Utilities Department is looking to meet the following objectives through this study:
1. Create a 10-year financial plan model for the potable water, wastewater, and storm drainage services that projects each service’s revenues, operations and maintenance costs, capital improvement costs, reserve funding and debt service costs.
2. A cost of service analysis for each service that fairly and equitably distributes costs across customer classes in compliance with appropriate federal and state regulations.
3. A five-year rate schedule that adequately covers operating costs and maintains the capital improvement program (CIP) schedule.
4. Potable water, wastewater, and storm drainage facilities and capacity fees that represent new development’s share of capital costs required to accommodate their addition to the respective systems.
Statewide