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HomeMy WebLinkAbout11-18-19 Utility Rate Presentation 2/28/2025 November 18, 2019 UTILITY RATE WORKSHOPWESTLAKE 1 2/28/2025 Key Drivers When Evaluating Rates:How should services be priced?–Design of recommended rates•From whom should the money be collected?–Cost of Service Analysis•Capital Projects–How much money is needed?–Revenue Requirement Projections•Council Financial Policy•UTILITY RATE WORKSHOPWESTLAKE 2 2/28/2025 Customer’s Perspective of Rates neighboring and benchmark communities?Are the existing or proposed rates competitive with •understand?Are the existing or proposed rates easy to •Are the existing or proposed rates affordable?•Are the existing or proposed rates fair and •UTILITY RATE WORKSHOPWESTLAKE 3 2/28/2025 Wastewater treatment costs•TWDB Bond Payment for Phase 2 Fort Worth Waterline•45% respectively. -approximately 20% and underperforming (revenues<expenditures) by Current Water and Wastewater Revenue •Rate Drivers2019 UTILITY RATE WORKSHOPWESTLAKE 4 2/28/2025 PROPOSED RATE IMPACT UTILITY RATE WORKSHOPWESTLAKE 5 2/28/2025 monthly increase233.50 Average Commercial = $•monthly increaseAverage Residential = $10.10 •Sanitary Sewer •No changes.•Water rates•PROPOSED RATE IMPACT UTILITY RATE WORKSHOPWESTLAKE 6 2/28/2025 PROPOSED RATE IMPACT UTILITY RATE WORKSHOPWESTLAKE 7 2/28/2025 PROPOSED RATE IMPACT UTILITY RATE WORKSHOPWESTLAKE 8 2/28/2025 QUESTIONS?UTILITY RATE WORKSHOPWESTLAKE 9 2/28/2025(10k sewer cap)(12k sewer cap)(10k sewer cap)(20k sewer cap)SewerWater(40,000 gals water & 17,000 gals sewer) Average Glenwyck Farms/Granada House ProposedWestlakeWestlake CurrentTrophy ClubRoanokeSouthlakeKeller$600.00$500.00$400.00$300.00$200.00$100.00$0.00$185.85$174.75$215.89$83.00$68.48$99.12$274.25$274.25$331.30$289.48$255.55$255.40 PROPOSED RATE IMPACT UTILITY RATE WORKSHOPWESTLAKE 10 2/28/2025 cap)sewer(10kcap)sewer (12k cap)sewer (10k (20k sewer cap)(61,000 gals water & 15,000 gals sewer) Average Vaquero House Westlake ProposedWestlake CurrentTrophy ClubRoanokeSouthlakeKeller$80 0.00$700.00$600.00$500.00$400.00$300.00$200.00$100.00$0.00$207.90$195.30$262.20$83.00$68.48$114.00$413.90$413.90$472.61$465.25$406.54$411.22 PROPOSED RATE IMPACT UTILITY RATE WORKSHOPWESTLAKE 11 2/28/2025 SewerWater 45,000 gals water & 15,000 gals sewerTerra Bella/Carlyle Westlake ProposedWestlake Currentcap)Trophy Club (10k SWRoanoke (10k SW cap)Southlake (12k SW cap)Keller (20k SW cap)$600.00$500.00$400.00$300.00$200.00$100.00$0.00$171.15 $161.05 $207.70 $83.00 $88.98 $89.20 $307.50$307.50$360.42$331.33$291.50$292.50 PROPOSED RATE IMPACT UTILITY RATE WORKSHOPWESTLAKE 12