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Figure 2: Modified Alternative — Single Family Residential Bill Impacts for FY 2025 <br /> Customer Impacts at Various Levels of Usage-Single Family Residential,518 inch meter <br /> $800 $698 <br /> $700 <br /> m $500 $450 $446 <br /> $$ 003 • $292 $281 <br /> $2005147 $187 <br /> $100 $86 $99 <br /> $0 . ■ <br /> 10 ccf 20 ccf 40 ccf 60 ccf 90 ccf <br /> (Median-Low (Medium-High <br /> (Very Low Use) Use) Use) (High Use) (very High Use) <br /> ■Current Bill(FY 2023) $59.23 $98.53 $18693 $280.53 $446.43 <br /> ■Proposed Bill(FY 2025) $85.51 $147.01 $292.21 $450.01 $69781 <br /> Difference($) $2628 $48.48 $105.28 $169.48 $25138 <br /> Difference(%) 444% 492% 563% 604% 563% <br /> The modified alternative is also outlined in the attached memo prepared by Raftelis <br /> (Attachment 6). <br /> Staff Recommendation <br /> As presented at the July 18, 2023, City Council meeting, staff recommended water rate <br /> increases of 30% for FY 2024, 20% for FY 2025, and 12% for FY 2026. This achieves <br /> the replenishment of reserves to the 35% target level by FY 2026. <br /> Table 2: Staff Recommendation Rate Increase <br /> Description FY 2024 FY 20252026 <br /> Rate Increase 30.0% 20.0% 112.0% <br /> 3 of 5 <br />