Extracted text (via pymupdf)
2252 characters
FY 2025/26 NON-RESIDENTIAL WATER RATES PUBLIC HEARING City Council Presented by: Brian A. Ritschel – Management & Budget Director February 9, 2026 AGENDA • Equity between residential and non-residential rates • Growth pays for growth • Conservation of discretionary water use • Smooth rate adjustments throughout the forecast Utility Rates Adjustments Main Focuses 2 Typical Customer Current Monthly Bill Impact to Current Bill – AF&E Committee Recommended Rate Adj. with Capacity Fee 2.5% Res. & Multi-Unit Rate Adjustment Residential (6 kgals/month) $43.57/mo $45.95/mo (+$2.38/mo) $45.41/mo (+$1.84/mo) $44.64/mo (+$1.07/mo) Multi-unit Development (6 kgals/month) $40.46/mo $43.93/mo (+$3.47/mo) $43.98/mo (+$3.52/mo) $41.49/mo (+$1.03/mo) Commercial – General (9 kgals/month) $78.59/mo $84.64/mo (+$6.05/mo) $84.39/mo (+$5.80/mo) $87.83/mo (+$9.24/mo) Commercial – Landscape (29 kgals/month) $177.01/mo $198.39/mo (+$21.38/mo) $204.06/mo (+$27.05/mo) $211.79/mo (+$34.78/mo) +2.5% +2.5% +11.8% +19.6% Customer Impact - Water +5.5% +8.6% +7.7% +12.1% 3 +4.2% +8.7% +7.4% +15.3% Water Revenue Parity Analysis 4 2.5% Increase FY 25/26 Res. & Multi-Unit FY 24/25 FY 25/26 FY 26/27 FY 27/28 FY 28/29 FY 29/30 Residential Revenues 55% 54% 51% 49% 47% 44% Non-Residential Revenues 45% 46% 49% 51% 53% 56% Consumption FY 24/25 FY 25/26 FY 26/27 FY 27/28 FY 28/29 FY 29/30 Residential 49% 48% 48% 48% 48% 47% Non-Residential 51% 52% 52% 52% 52% 53% 5 UTILITY FUND FORECAST 2.5% INCREASE FOR RESIDENTIAL AND MULTI-UNIT As of 11/10/2025 FY 24/25 FY 25/26 FY 26/27 FY 27/28 FY 28/29 FY 29/30 FY 30/31 Estimate Projected Forecast Forecast Forecast Forecast Forecast TOTAL NET SOURCES AND USES ($3,544,639) ($28,905,668) ($13,676,348) ($905,855) $20,246,283 $44,708,974 $63,678,240 Beginning Reserve Balance $117,019,543 $113,474,904 $84,569,236 $70,892,888 $69,987,033 $90,233,316 $134,942,290 Ending Reserve Balance $113,474,904 $84,569,236 $70,892,888 $69,987,033 $90,233,316 $134,942,290 $198,620,530 Ending Reserve Balance Percent* 20.1% 13.6% 11.4% 10.8% 13.4% 19.0% 26.6% *As a % of Next Fiscal Year's Expenditures NEXT STEPS REMAINING NON-RESIDENTIAL WATER RATES April 1, 2026 - Effective Date for Non-Residential Water Rates 6 7