Finance Committee Agenda and Packet 2010 11 15

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COUNCIL COMMUNICATION TO: MAYOR AND CITY COUNCIL FROM: MALCOLM FLEMING CITY MANAGER DATE: NOVEMBER 15, 2010 SUBJECT: UTILITY RATES FOR 2011 ORIGINATING DEPARTMENT: FINANCE SUMMARY: Staff is planning to present a resolution to City Council on December 7 to increase water and wastewater rates by 5% and to increase storm water rates by 25 cents. These rates will be effective on January 1, 2011. This proposed rate adjustment is based on the recommendations of the Water Committee and is included in the 2011 budget as adopted on November 1, 2010. A 5.0% utility rate increase will increase the minimum water billing for each residential account from $10.24 to $10.75. The residential sewer charge will increase from $14.34 per month to $15.06 per month. A 25 -cent increase in monthly storm water fees will increase the single - family fee from $3.00 per month to $3.25 per month. It is estimated that the proposed rate increases will add approximately $182,000 to the 2011 Water Utility Fund revenue, approximately $81,000 to the 2011 Wastewater Utility Fund revenue, and approximately $38,000 to the 2011 Storm Water Fund revenue. Attached is a preliminary draft of the resolution that is scheduled to be presented to Council on December 7. is SUBJECT AGENDA ITEM Utility Rates for 2011