Utility Committee Agenda and Packet 2020 05 12

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and how we back up our information and asked what the likelihood is of being hacked, etc. and just wants us to be mindful. Mrs. Balser stated the project is in coordinated with I.T. and Finance and security is and will be one of the factors in selection. o Louisville Pipeline Report – This item is for a review on the inspection of the raw water pipeline. The report will tell us the condition of the pipeline which may translate into a large capital project if it needs to be replaced and could require adding to the 6 year CIP plan. • March 2020 Meeting o Final 6-year CIP Plan – Finalization of the CIP so we will be prepped for submittal for the 6 year budget. o Water Rights – An update on water rights leases and or acquisitions. • Third Quarter o 2021 Rates and Tap Fees – This item is for the discussion and recommendation of any proposed changes in utility rates for 2021. Mr. Kowar clarified that there are two parts to this task: the typical process that aligns with the budget cycle (Operational Rates) and the possibility of a full Rate Study to change rate structure or system changes. Committee agreed to leave the review in May. Councilmember Lipton said we will look at putting at the end of each meeting to review. VII. Dashboard Mr. Kowar provided an overview of the dashboard covering 2019 that started off the year really wet and by September it was really hot. Water usage was different from previous years as result this change in weather. Finances lagged to the start the year but ended slightly below average. Tap fees we also under with a few larger developments being delayed. Councilmember Lipton asked why we operational expenses appeared low. Mr. Watson explained the reported values were on a cash basis through December 31st and did not included year end invoicing that will be processed in January, February and even March. Councilmember Lipton said he is interested in this and would like to look at turn backs at some point and incorporate it in our thinking for rates and budgeting. Mrs. Balser said there can be challenges with the level of precision and the timing being requested and the best information will be provide with the appropriate amount of context. Mayor Stolzmann added how we have x amount of money in the reserves that we could be budgeting differently and it would be fine. Councilmember Lipton agreed and said we will revisit again once we have 5