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Home My WebLink About2014-163 CCR Member Carol Kleven introduced the following resolution and moved its adoption: RESOLUTION NO. 2014-163 RESOLUTION ADOPTING 2015 WATER UTILITY RATES, FEES AND CHARGES WHEREAS, the City of Brooklyn Center Charter requires that municipal utilities be self-supporting through revenue provided by a uniform schedule of rates, fees and charges; and WHEREAS, the City of Brooklyn Center has reviewed water rates for the necessary funding of Water Treatment Plant Improvement Project No. 2014-05; and WHEREAS, on behalf of the City of Brooklyn Center, Springsted Inc. analyzed the current and future funding needs of the Water Utility; and WHEREAS, the City of Brooklyn Center has reviewed the Water Rate Study prepared by Springsted, Inc., dated April 4, 2014, and agrees with the conclusion that proposed rate adjustments will be required to repay the Public Facilities Authority (PFA) Loan, operate the Water Utility and maintain sufficient reserves, and have updated the proposed cash flow sheets attached as Exhibit A to this Resolution; and WHEREAS, this uniform schedule shall be called the "Public Utility Rate Schedule"and shall be adopted by resolution of the City Council; and WHEREAS, financial requirements for the utility funds have been identified and reviewed by the City Council. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center that the following Water Utility rates, fees and charges are hereby adopted and shall be effective for all billings issued on or after April 1, 2015. 2015 WATER UTILITY RATE SCHEDULE Water Rates,Fees and Charges Base Rate Year 2015 $2.07 per 1,000 Gallons Quarterly Minimum.Rate Meter Size 2015 Quarterly Minimum Charge $ 28.98 1 12 $ 37.26 2" $ 72.45. 3" $ 144.90 4" $ 244.26 659 $ 558.90 8" $ 1,061.85 10" $ 1,415.80 RESOLUTION NO. 2014-163 Water Conservation Rate Meter Size Base Charge minimum charge per quarter) 5/8" and 3/4" $ 10.00 Thousands of Gallons Consumption Chargee (per 1,000alg lons used) 0 to 30 $ 1.66 31 to 60 $ 2.07 61 and greater $ 3.10 Other Charges Delinquent account, quarterly charge Greater of$ 3.00 or 10% of unpaid balance Certification for collection with property taxes $30.00 Fire Service Line Charge $ 12.50 per quarter December 8 2014 yv Date Mayor ATTEST: 4-ww City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Lin Myszkowski and upon vote being taken thereon,the following voted in favor thereof: Tim Willson, Carol Kleven, Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted. RESOLUTION NO. 2014-163 3 CityBrooklyn Center Water Utilhy Cash Flows Revised:October 27,2014 Rate Increase/(Decrease) $ 0.09 $ 0.10 $ 0.37 $ 0.41 $ 0.45 $ 0.07 $ 0.08 $ 0.08 $ 0.08 $ - $ - $ - $ (0.13) $ (0.12) $ (0.12) $ (0.11) $ Rate per 1,000 Gallons $ 1.60 $ 1.70 $ 2.07 $ 2.49 $ 2.94 $ 3.01 $ 3.09 $ 3.16 $ 3.24 $ 3.24 $ 3.24 $ 3.24 $ 3.11 $ 2.99 $ 2.87 $ 2.75 $ 2.75 Average Residential Fee 52.87 (18,000 gallons per quarter) $ 30.72 $ 32.68 $ 39.88 $ 47.82 $ 56.46 $ 57.89 $ 59.33 $ 60.78 $ 62.24 $ 62.24 $ 62.24 $ 62.24 $ 59.82 $ 57.42 $ 55.04 $ 52.87 $ Per Quarter Increase/(Decrease) $ 1.96 $ 7.20 $ 7.94 $ 8.64 $ 1.43 $ 1.44 $ 1.45 $ 1.46 $ $ $ $ (2.42) $ (2.40) $ (2.38) $ (2.17) $ Actual Budget Budget Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected Projected 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Revenues 647 Operating $ 2,275,767 $ 2,543,407 $ 2,951,092 $ 3,558,476 $ 4,199,002 $ 4,303,977 $ 4,411,576 $ 4,521,866 $ 4,634,912 $ 4,634,912 $ 4,634,912 $ 4,634,912 $ 4,449,516 $ 4,271,535 $ 4,100,674 $ 3,936,647 $ 3,936, Investment Earnings (7,059) 7,000 15,277 19,156 16,306 20,345 11,481 15,814 8,988 11,061 13,642 14,500 6,874 9,937 8,320 8,676 10,120 Nonoperating 81,990 17,905 16,561 - - - - Bond Proceeds(PFA) - - 19,662,352 - - - - - _ _ _ - - Bond Proceeds(GO) - - 2,599,021 3,360,414 - 2,075,575 - - - 2,550,012 Total 2,350,698 2,550,407 22,646,626 6,193,214 7,595,722 4,324,321 6,498,632 4,537,680 4,643,900 4,645,973 4,648,554 4,649,412 7,006,402 4,281,472 4,108,994 3,945,323 3,946,766 Expenditures 318 Personal Servcies 490,311 504,978 534,820 553,830 570,445 587,558 605,185 623,341 642,041 661,302 681,141 701,575 722,623 744,301 766.630 789,829 61 , Supplies 140.809 181,410 208,960 173,860 177,337 180,884 184,502 188,192 191,955 195,795 199,710 203,705 207,779 211,934 216,173 220,497 224,906 Other Services&Charges 518,381 472,999 518,832 447,358 456,305 465,431 474,740 484,235 493,919 503,798 513,874 524,151 534,634 545,327 556,233 567,358 578,705 Insurance 20,623 31,585 23,733 37,385 38,133 38,895 39,673 40,467 41,276 42,102 42,944 43,802 44,679 45,572 46,484 47,413 46,361 Utilities 157,248 159,200 159,200 229,200 233,784 238,460 243,229 248,093 253,055 258,116 263,279 268,544 273,915 279,394 284,981 290,681 296,495 Depreciation 639,585 735,294 670,648 1,464,180 1,464,180 1,464,160 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 Capital Outlay 841,992 - - - Capital Outlay(PFA) - 2,000,000 17,000,000 - - - _ 330,000 40,000 30,000 860,000 Capital Outlay(CIP) - 1,580,000 1,750,000 2,703,000 3,689,000 2,547,000 2,050,000 2,030,000 320,000 180,000 490,000 2,150,000 2,330,000 Debt Service(Existing) 162,235 163,117 160,571 161,325 161,531 161,160 156,597 155,353 153,617 155,153 152,496 149,486 146,134 Debi Service(PFA) - - 144,250 1,140,470 1,141,030 1,140,490 1,140,860 1,140,130 1,140,310 1,140,390 1,140,370 1,140,250 1,141,030 1,140,700 1,140,270 1,140,740 1,141,100 Debt Service(GO Bonds) 320,436 737,210 737,210 993,110 993,110 993,110 993,110 993,110 993,110 1,307,503 987,067 570,293 570,293 Total 2,971,184 5,828,583 21,171,014 6,910,608 8,252,181 7,561,268 7,096,176 7,367,100 5,693,464 5,593,945 5,941,104 7,638,804 7,858,083 6,068,911 5.502,019 5.120,791 6,017,359 Cash Balance-Beginning 2,953,240 2,911,058 368,176 2,514,436 3,261,222 4,068,943 2,296,176 3,162,813 1,797,572 2,212,188 2,728,396 2,900,026 1,374.815 1,987,313 1,664,054 1,735,209 2,023,921 Changes in Accruals (61,281) - - 4,281,472 4,106,994 3,945,323 3,946,766 Revenues 2,350,698 2,550,407 22,646,626 6,193,214 7,595,722 4,324,321 6,498,632 4,537,680 4,643,900 4,645,973 4,648,554 4,649,412 7,006,402 Expenditures (2,971,184) (5,828,583) (21,171,014) (6,910,608) (8,252,181) (7,561,268) (7,096,176) (7,367,100) (5,693,464) (5,593,945) (5,941,104) (7,638,804) (7,858,083) (6,068,911) (5,502,019) (5,120,791) (6,017,359) Noncash-Depreciation 639,585 735,294 670,648 1,464,160 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464,180 1,464.180 1,464,180 1464,180 1,464,180 Cash Balance-Ending ,911,0 83681176 2,514, ,261,22 4, 8,9d3 2,29,176 3,162,813 1,797,572 2,212,188 2,728,396 2,900,026 1,374,815 1,98,313 1,664,054 1,735,209 2,023,921 1,417,508 Water Utility 4,500,000 - -...-- --- ........._. 4,000,000 3,500,000 -.... ...-...- . 3,000,000 2,500,000 1,500,000 ......... ..... ............_. _._. ........ __-_..... __. 1,000,000 ......... .............. .-.....- .... I 500,000 2021 2022 2023 2024 2025 2026 2013 2014 2015 2016 2017 2018 2019 2020 2027 2028 2029 a1111111111 Capital Outlay(CIP) -+--Cash Balance-Ending i