Below are my notes from the Jan 12th Worksession. I think you’ll find them interesting.
Work session Jan 12
Utility Rates
We recently contracted with Zion’s ban to do a study analyzing our utility rates. In the last year staff has completed long term maintenance and capital requirements report for each our of utility services -- Culinary water, Pressurized Irrigation (PI), Storm Sewer, and Sewer). The rate study will provide give us insight into what our options are to ensure that we have sufficient funds in the various service accounts to meet the needs of the city (all of us). Zions’ provided a snapshot of where they were on the project which is scheduled to be completed by the end of March (click here to see the presentation). Given the information Zion’s has now here is the fund balance projection.