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