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R RAFTELIS <br />August 4,2023 <br />Tamara Baptista <br />Deputy Director of Business Services,Operations Services Department <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 primary 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 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