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R RAFTELIS <br /> July 13, 2023 <br /> Tamara Baptista <br /> Interim Director of Operations and Water Utilities <br /> City of Pleasanton <br /> P.O. Box 520 <br /> Pleasanton, CA 94566 <br /> Subject: Water and Recycled Water Rate Study Report <br /> Dear Tamara Baptista, <br /> Raftelis Financial Consultants, Inc. (Raftelis) is pleased to provide this Water and Recycled Water Rate Study <br /> Report(Report) for the City of Pleasanton(City). <br /> The major objectives of the Study include the following: <br /> • Developing a long-term financial plan that sufficiently funds operating expenses, capital replacement and <br /> improvement costs, and prudent reserve balances <br /> • Conducting a cost of service analysis that fairly and equitably allocates costs among customer classes <br /> • Designing water and recycled water rates that fully recover costs to serve customers, while minimizing rate <br /> impacts to the extent possible, and promoting affordability for essential needs <br /> • Preparing a Study Report, or administrative record, that clearly and comprehensively explains each step of <br /> the rate study process <br /> • Developing water and recycled water rates that are in alignment with cost of service principles and <br /> Proposition 218 requirements <br /> The Report details the long-term financial plan,cost of service analysis,and proposed rates for the City's water and <br /> recycled water utilities. It was a pleasure working with you and your team and we wish to express our gratitude for <br /> the support you and the other City staff provided to us during the study. <br /> Sincerely, <br /> Brian Bass Lindsay Roth <br /> Project Manager Lead Analyst <br /> 445 S Figueroa St Suite 1925 <br /> Los Angeles, CA 90071 <br /> www.raftelis.com <br />