Wastewater Rate Changes Fiscal Year 2014. Fees and Rates Reviewed annually in relation to anticipated costs and cost recovery targets Basic tenants –Development.

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Presentation transcript:

Wastewater Rate Changes Fiscal Year 2014

Fees and Rates Reviewed annually in relation to anticipated costs and cost recovery targets Basic tenants –Development pays for itself –Services that benefit specific segment of population are charged a fee –Enterprise operations are 100% self supporting –Water Infrastructure Finance Authority Loan agreement must be adhered to

Changes from current Wastewater FeeCurrentProposed$ Change Residential$24.75$28.70$3.95 Commercial base$12.00$13.92$1.92 Commercial per 1,000 gallons$2.05$2.38$0.33 Industrial per 1,000 gallons$1.85$2.15$0.30 Multi Family per unit$15.40$17.85$2.45 Wastewater Collection outside$37.13$43.05$5.92

Cost Drivers Expense Category2013 Budget2014 BudgetVariance Loan Repayment$2,233,350$3,438,770$1,205,420 Contractual$2,123,510$2,375,190$ 251,680 Supplies$1,335,950$1,583,000$ 247,050 Other$1,429,890$1,518,620$ 88,730 Total$7,122,700$8,915,580$1,792,880 Over cost increase is 25%, rate increase request is 16%, remainder is paid from Fund reserves.

Total Residential Bill Change CurrentProposed Wastewater $24.75$28.70 Sanitation $20.00 Total $44.75$48.70 Other Bill ComparisonAverage per Month Cable Television (video only)$86 (2011) Internet Service$55.99 Water (2 people)$32.00 Electric$144.51

Comparisons City2009 Total 2014 Total % Change Coolidge$13.66$ % Arizona City*$24.00$ % Florencen/a$29.63n/a Eloy **$26.40$ % Maricopan/a$62.91n/a Casa Grande$19.18$ % WIFA average$23.79 (2009) $33.74 (2011) 42% *Arizona City collects property tax also ** Eloy 2013 based on their rate study not as adopted