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Table 1-1: Current Bi-Monthly Service Charge <br /> Meter Size <br /> 5/8 inch $19.93 <br /> 3/4 inch $29.89 <br /> 1 inch $49.84 <br /> 1-1/2 inch $99.67 <br /> 2 inch $159.48 <br /> 3 inch $348.90 <br /> 4 inch $996.83 <br /> 6 inch $1,993.67 <br /> 8inch $3,488.91 <br /> 10 inch $5,482.57 <br /> Table 1-2: Current Consumption Charges <br /> + + i <br /> Single Family Residential <br /> Tier 1 -20 ccf $3.93 <br /> Tier 2 -40 ccf $4.42 <br /> Tier 3 -60 ccf $4.68 <br /> Tier 4-60+ccf $5.53 <br /> Multi-Family Residential $4.44 <br /> Commercial $4.44 <br /> Industrial $4.44 <br /> Irrigation $4.60 <br /> Recycled Water Irrigation $4.05 <br /> 1.4. Process and Approach <br /> Raftelis held several meetings with City staff to discuss and understand objectives, characteristics, and challenges of <br /> the City's water and recycled water utilities to provide the recommendations and results detailed in this report. <br /> Raftelis confirmed various assumptions and inputs and used an iterative process to view several scenarios to <br /> determine the recommended financial plan and water and recycled water rates. City staff discussed the capital <br /> project requirements and water purchase cost estimates over a 10-year horizon, which are two primary drivers of <br /> the future revenue needs of the utility. Raftelis then designed and presented a COS and rate model to analyze <br /> various rate scenarios which fully fund the utility's revenue requirements through fair, equitable, and cost-based <br /> rates. <br /> The proposed financial plan detailed in this report follows industry standards for long-term financial planning. The <br /> financial plan relies on reasonable assumptions based on industry indices, such as general inflation based on the <br /> Consumer Price Index(CPI) and input from City staff. Raftelis worked closely with City staff to determine the <br /> most accurate methodology to project future revenues and expenses to reinforce sound fiscal management <br /> practices. <br /> The financial plan includes the current fiscal year(FY)2023 and the five-year period between FY 2024 to FY 2028. <br /> Each fiscal year begins on July 1 and ends on July 30. For example, FY 2023 is defined as the year beginning on <br /> July 1, 2022 and ending on June 30, 2023. The proposed rates were developed for implementation on November 1, <br /> 2023 in FY 2024 and in January ever year thereafter through FY 2026. <br /> 2 CITY OF PLEASANTON <br />