a) Meet with City Staff members to collect and review available information used in the utility rate analysis for the City’s three enterprise funds: Culinary Water, Pressurized Irrigation, and Wastewater Utility Funds. b) Review the proposed capital improvement plan and total projected project costs. c) Review financial history, including revenues, expenses, and current rate and fee structure. d) Review historical account and operational cost information and calculate future costs for the ten-year study period, including consumption, capacity, and operational forecasts. e) Examine the customer database and review current customer classifications f) Identify usage by customer class and rate schedule. g) Evaluate fixed and consumption components of the rate to ensure fund sustainability during economic downturns. h) Prioritize Capital Improvement funding needs from the City's ten-year CIP budget, facility improvement plans, and other supplemental improvements that the City may deem warranted. i) Develop a forecast of annual revenue requirements. j) Recommend rates for a ten-year period to generate the revenue needed with costs distributed equally by customer category. Provide "sample bills" for all customer categories illustrating recommended rate increases. k) Recommend changes/amendments to the current rate schedule. Understand foreseeable future enhancements. These enhancements may require a phased implementation strategy.
