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HomeMy WebLinkAbout11-18-19 Utility Rate Presentation12/5/2019 1 WESTLAKE UTILITY RATE WORKSHOP November 18, 2019 1 12/5/2019 2 WESTLAKE UTILITY RATE WORKSHOP Council Financial Policy Revenue Requirement Projections How much money is needed? Capital Projects Cost of Service Analysis From whom should the money be collected? Design of recommended rates How should services be priced? Key Drivers When Evaluating Rates: 2 12/5/2019 3 WESTLAKE UTILITY RATE WORKSHOP Are the existing or proposed rates fair and equitable? Are the existing or proposed rates affordable? Are the existing or proposed rates easy to understand? Are the existing or proposed rates competitive with neighboring and benchmark communities? Customer’s Perspective of Rates 3 12/5/2019 4 WESTLAKE UTILITY RATE WORKSHOP 2019 Rate Drivers Current Water and Wastewater Revenue underperforming (revenues<expenditures) by approximately 20% and -45% respectively. TWDB Bond Payment for Phase 2 Fort Worth Waterline Wastewater treatment costs 4 12/5/2019 5 WESTLAKE UTILITY RATE WORKSHOP PROPOSED RATE IMPACT 5 12/5/2019 6 WESTLAKE UTILITY RATE WORKSHOP PROPOSED RATE IMPACT Water rates No changes. Sanitary Sewer Average Residential = $10.10 monthly increase Average Commercial = $233.50 monthly increase 6 12/5/2019 7 WESTLAKE UTILITY RATE WORKSHOP PROPOSED RATE IMPACT 7 12/5/2019 8 WESTLAKE UTILITY RATE WORKSHOP PROPOSED RATE IMPACT 8 12/5/2019 9 WESTLAKE UTILITY RATE WORKSHOP QUESTIONS? 9 12/5/2019 10 WESTLAKE UTILITY RATE WORKSHOP PROPOSED RATE IMPACT 10 12/5/2019 11 WESTLAKE UTILITY RATE WORKSHOP PROPOSED RATE IMPACT 11 12/5/2019 12 WESTLAKE UTILITY RATE WORKSHOP PROPOSED RATE IMPACT 12