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M unicipal F inancial S ervices Water Rates Update December 18, 2008.

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Presentation on theme: "M unicipal F inancial S ervices Water Rates Update December 18, 2008."— Presentation transcript:

1 M unicipal F inancial S ervices Water Rates Update December 18, 2008

2 M unicipal F inancial S ervices Water Rate Setting Objectives Pay operations and maintenance expenditures Pay capital expenditures Pay debt principal and interest Meet debt coverage requirements Maintain prudent level of reserves Keep rates competitive

3 M unicipal F inancial S ervices Water Rate Study Updates Review revenue requirements – updated in this study Allocate costs proportionally among customers – no change; used same allocation basis as for current rates (43% from Basic charges and 57% from Usage charges) Develop rate structure – no change; used the current rate structure (meter sizes and tiers) Customer Characteristics – added customers in Felton service area; steady decline in system- wide average water use

4 M unicipal F inancial S ervices Water System Meters

5 M unicipal F inancial S ervices Water System Sales, Ccf

6 M unicipal F inancial S ervices Long Term Water Use and Average Water Use

7 M unicipal F inancial S ervices Water System 2008 Replacement Value

8 M unicipal F inancial S ervices Rate Increase Alternatives Over 10 Years ( )

9 M unicipal F inancial S ervices No New Debt, $24M Capital, Rates Increases of 15%/10%/5%

10 M unicipal F inancial S ervices No New Debt, $24M Capital, Rates Increases of 15%/10%/5%

11 M unicipal F inancial S ervices $6M New Debt, $24M Capital, Rates Increases of 10%/10%/5%

12 M unicipal F inancial S ervices $6M New Debt, $24M Capital, Rates Increases of 10%/10%/5%

13 M unicipal F inancial S ervices Comparison of Alternatives

14 M unicipal F inancial S ervices Survey of Four Other Agencies

15 M unicipal F inancial S ervices END OF PRESENTATION

16 M unicipal F inancial S ervices District Customers and Operations Customers –7,300 water meter connections as of October 2008 –55 sewer connections Operations –Water Wells, Treatment, Storage, Distribution, Meter Reading, Fire Hydrants –Sewer Collection, Treatment, Effluent Disposal, Solids Disposal –Administration Billing, Financial Reporting, Operations Compliance Reporting, Management


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