RES 2024025 - Laserfiche WebLink

32 • Develop a long-term financial plan that sufficiently funds operating expenses, capital replacement and improvement costs, and prudent reserve balances • Conduct a cost of service analysis that fairly and equitably allocates costs among customer classes • Design water and recycled water rates that fully recover costs to serve customers while minimizing rate impacts to the extent possible, and promoting affordability for essential needs • Prepare a study report, or administrative record, that clearly and comprehensively explains each step of the rate study process • Develop water and recycled water rates that are in alignment with cost of service principles and Proposition 218 requirements The 2023 Rate Study Report details the long-term financial plan, cost of service analysis, and proposed rates for the City’s water and recycled water utilities. Current and Projected Rates. The City’s current water rates were implemented on February 1, 2023, by Resolution No. 23-1434 and include a bi-monthly service charge based on meter size, a tiered usage rate for single family residential (SFR) customers charged for every hundred cubic feet (ccf) of water used, a uniform rate for all other customer classes charged for every ccf of water used, and a surcharge for recycled water charged for every ccf of recycled water used. The recycled water surcharge is assessed to SFR customers using Tier 2 or higher water usage and all other customers. The recycled water surcharge has already been included in the rates shown below. Table 5 Current Bi-Monthly Service Charge Meter Size Fiscal Year 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 Source: City of Pleasanton.