This report presents the results of the review and analysis of the City's current Water and Wastewater Enterprise rates. This review was conducted to determine if the current rate structures can provide the revenues needed to allow the City to recover the total costs of the Water and Wastewater Enterprises from existing and future customers. Costs that were reviewed included the costs of operation and maintenance, debt service, normal additions and replacements to the systems, administrative costs, and capital improvement programs.
The purpose of the study was also to identify possible changes to the City's current rate structures, which may be required to provide the future revenues needed to meet projected costs. In addition, the City requested that the rate structures be equitable such that, as nearly as practical, each customer would pay their fair share of the costs of providing the services received.