AGENDA MEMO
City Council
Meeting Date: April 5, 2010
Issue Statement
Background/History
Governmental water
operations are established as enterprise funds. An enterprise fund is a fund
established to account for operations that are financed and operated in a
manner similar to private business enterprises. The intent of the governing
body is that the costs (operating and capital improvement expenses, including
depreciation) of providing goods and services to the general public on a
continuing basis be financed or recovered primarily through user charges. The
definition of an enterprise fund implies that sufficient user fees should be
collected to ensure that the utility can operate on a self-sustaining basis.
Determining a fair user fee is a factor of 2 issues:
·
analyzing
our operating expenses, projecting system capital projects, determining
sufficient cash reserves, and setting aside funds to replace portions of the
system as needed
·
analyzing
the number of gallons of water billed to all customers in order to
determine the rate that covers the
expenses mentioned above
The staff conducts this
determination every year when preparing the draft budget for City Council consideration. It is always desirable to maintain the lowest
possible water rate. The City’s water budget for FYE 4-30-11, which includes
projections through FYE 2013, shows the need to adjust water user rates in
order to operate on a self-sustaining basis. The water for
The City’s water rate
has not increased since 1992.
Staff/Committee Recommendation
Staff recommends
adoption of the proposed ordinance.
Alternate Consideration
Not adopt the ordinance or further amend the water rate.
Decision Mode
This item will be on the April 5th, 2010, City Council
agenda for formal consideration.