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Rate Study Overview <br />3 <br />Documentation <br />and Adoption <br />Document rate study <br />methodology and <br />results in report <br />(“administrative <br />record”) <br />Adopt rates via <br />Proposition 218 <br />process <br />Financial Plan <br />Analysis <br />Project revenues, <br />expenses, and <br />reserves <br />Evaluate WSMP <br />funding scenarios <br />Determine rate <br />revenues needed for <br />financial sufficiency <br />Cost-of-Service <br />and Rates <br />Allocate costs of <br />water system <br />between customers <br />Calculate proposed <br />water rates <br />Evaluate financial <br />impacts to <br />customers <br />We are here <br />Water System Management Plan <br />•The financial plan is largely driven by the costs of the WSMP <br />•WSMP can be implemented through three alternatives: <br />•Stabilize <br />•Enhance <br />•Accelerate <br />•Each alternative supports different policy objectives: <br />4 <br />WSMP <br />Alternative <br />Minimize Near-Term <br />Infrastructure Costs <br />Reduce Long-Term <br />Infrastructure Costs <br />Maintain Water <br />Service Level <br />Reduce Implementation <br />Complexity <br />Stabilize ★★★★★★★★★ <br />Enhance ★★★★★★★★ <br />Accelerate ★★★★★★★★ <br />Page 18 of 27