Title
Approval of a Resolution for an Adjustment of the Base Water Rates effective July 1, 2013.
Presented by Keith Lee, Finance Director
Body
Item Summary:
The Proposed Fiscal Year 2014 Budget includes increasing the monthly base water rate by $1 per month per service. The increase in the base rate is being used to assist in the funding of the construction costs for the new Water Treatment Plant. The Resolution details the rate for each service type, which is shown as a monthly rate.
Committee or Staff Recommendation:
On May 14, 2013 the Public Safety and Public Works Committee recommended placing this item on the May 29, 2013 Mayor and Council Agenda.
Financial Impact:
The increase of $1.00 to the Base Rate for water customers increases revenues for the Fund 505, Water Fund by $70,000 annually.
Presented by:
Keith Lee, Finance Director