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HomeMy WebLinkAboutCouncil Workshop Minutes 11.04.2024A Council Workshop was held in Council Chambers and called to order by Mayor Dave Waggoner at 6:28 p.m. on November 4, 2024. _x_ Tom Canape _x Heidi Sparks Michelle Mize Jessica Banks _x_ Casey Wheeler _x_ _x_ Iry Wilke _x_ Richard Klose _x_ Jodi Mackay Brittney Harakal, Council Administrative Assistant Michele Braukmann, Civil City Attorney Kelly Strecker, Clerk/Treasurer Matt Wheeler, Public Works Director Public Input: There were none. General Items Executive Review Water and Sewer Rate Study Presentation Todd Christiano with Raftelis presented the attached PowerPoint presentation. It was questioned if capital projects are included in the proposed rate structure. It was clarified that this is correct. The anticipated capital projects are included in the proposed rate structure. It was noted that the residential tier structure has customers who use over 20,000 gallons per month. It was questioned if those were indeed residential customers or if they were commercial customers. It was clarified that each customer type was analyzed individually. For residential customers 68% of users use under 5000 gallons each month. Only 6% of customers use over 20,000 monthly. It was questioned how smoothly this implementation would go given another municipality nearby recent news coverage regarding their water rates. It was clarified that the City is only increasing its rates, it is not changing its billing system. It is anticipated that the implementation will be smooth. The anticipated effective date is January 10`' It was questioned whether people are able to log in and check their usage during the month. It was clarified that anyone can read the meter located in their home. The last reading is listed on the utility bill. Customers can also call City Hall and have their meters read during the month. A Council Member noted that they had a running toilet in their home that ran for 45 days. The toilet consumed roughly 2000 gallons of water. They reminded everyone that if you have a leak, get it fixed as soon as possible. Council Issues A Council Member noted their concern regarding the Mayor naming Mr. Markegard as Chief Administrative Officer. This Council Member requested a resolution be brought before Council next week. Mayor Waggoner stated the matter would be brought before Council on November 191h and that this was an interim placement. The American Legion will be doing a Veteran's Ceremony at 5:00 p.m. at their building located in Riverside Park. After the ceremony, there will be chili and cinnamon rolls. The next Park Board meeting will be Thursday at 5:30 p.m. in Council Chambers. Other Items Attendance at Upcoming Council Meeting Council President Sparks will be absent from next week's meeting. Announcements There were no additional announcements. The council workshop adjourned at 7:10 p.m. Brittney Haraka� Administrativ Assistant NOTE: This meeting is open to the public. This meeting is for information and discussion of the Council for the listed workshop agenda items. 000 Study goals and objectives I Rate study process 5� Financial plan o {0 � Cost of service 0 Rate design Bill comparison/Utility survey Rate study procege, How much money do we need? E::� Is everyone paying their fair share? =* !W can our rates help ensure fairness? Proposed typical water and wastewater monthly bill Residential - 6,000 gal water, 3,000 gal wastewater 3/4" Meter N so Financial planning process What is the revenue required to meet expenditures? • Rate revenues • Other operating revenue • Loan proceeds • Grants • Operating expenses • Capital project costs • Debt service • Reserve levels • Coverage ratios Financial plan assumptions s x O K in ■ s Multi -Year Financial Plan • Operating reserve • Capital reserve • Bond reserves • Water line, meter replacement, and deposit reserve • Total annual reserve target: $3.9 million • Operating reserve • Capital reserve • Bond reserves • Total annual reserve target: $2.7 million • Operation and maintenance expense: 4.0% • Capital: 4.5% • Personnel Services: 4.5% • Debt service coverage target: 1.20x debt service Water cash flow proforma N $10.0 - -- - 0 S8 0 56.0 $40 $2.0 $0.0 FY25 n 12 FY26 tY27 FY28 Revenues Expenditures Ending Balance —Target Reserve FY25 Water operating cash flow financial metrics 3.76 i 1.35 1.22 1.27 A m m m FY25 FY26 FY27 FY28 FY29 Calculated Debt Service Coverage —Target Coverage 1.2N Debt Service 16.0% 16.0% 16.0% FY25 FY26 FY27 FY28 FY29 Wastewater cash flow proforma 0 g 53.0 ILM 52.5 r 52.0 51.5 51.0 50.5 50.0 FY25 FY26 FY27 FY28 FY29 �i Revenues Expenditures Ending Balance Target Reserve Ir no• Determines amount of revenue to be recovered from each customer class • Considers the number of customers and usage demands they impose on the system • Recognizes the different demand and customer characteristics of each class • Water Sewer • Average day demand Contributed flow • Peak demands Wastewater strength • Number of customers • Number of meters by size • Cost to provide service will vary by class Allocation of wastewater utility costs to classes Existing and cost of service rates 10CI Commercial Commercial 80% 27.0% 28.0% 60% 40% 20% 0% Revenue at Existing Rates Cost of Service Pricing Objectives A means of ensuring community values are reflected in the way costs of providing service are recovered. Required obj ect 6 es Costs covered & Financial health maintained Legally compliant; defensible in court Revenue stability Essential use pricing Cost recovery between classes Customer understanding Cost recovery within a class ANCustomer impact r` Ease of administration/ Water conservation gip, implementation 123 Water rates Existing and proposed rate structure 11 a Wastewater utility Existing and proposed rates Volume Rate, $ per 1,000 Gallons Existing All Usage $5.27 Fn $29.24 52.34 81.29 116.96 208.77 467.84 835.39 1,879.84 5,198.29 Typical water and wastewater monthly residential bills Indoor, average, and summer use $140 ■ Water ■ Wastewater 6,000 gal water 3,000 gal water 3,000 gal wastewater $120 3,000 gal wastewater $100 $93.71 $91.96 $100.76_ $83.38 $80 $60 $40 $20 $0 LE Existing Proposed Existing Proposed 11,000 gal water 3,000 gal wastewater $114.86 $106.26 Existing Proposed Monthly Minimum Charge/Base Charge, $ per Bill Meter Size Existing Inches 3/4" $29.24 1" 52.34 1.25" 81.29 1.5" 116.96 2" 208.77 3" 467.84 4" 835.39 6" 1,879.84 10" 5.198.29 Volume Rate, $ per 1,000 Gallons Existing All Usage $5.27 Fn $29.24 52.34 81.29 116.96 208.77 467.84 835.39 1,879.84 5,198.29 Typical water and wastewater monthly residential bills Indoor, average, and summer use $140 ■ Water ■ Wastewater 6,000 gal water 3,000 gal water 3,000 gal wastewater $120 3,000 gal wastewater $100 $93.71 $91.96 $100.76_ $83.38 $80 $60 $40 $20 $0 LE Existing Proposed Existing Proposed 11,000 gal water 3,000 gal wastewater $114.86 $106.26 Existing Proposed Peer utility residential typical bill survey %" meter; 6,000 gallons water usage, 3,000 wastewater