Press Alt + R to read the document text or Alt + P to download or print.
This document contains no pages.
HomeMy WebLinkAbout2007-06-25 07-234 ORDERItemNo. 07 234
Date: June 25, 2007
Item/SubjecC ORDER, Establishing Sewer Rates to go into Effect for Accounts Billed Stating
January 1, 2008 and July 1, 2006.
Responsible Depmtmenb Wastewater Treatment Plant/Clty, Council
Commentary
As part of this years budget process, the Finance Department updated the Sewer Fund
Proforma, a multi-year projection of anticipated sewer fun0 revenues and expenditures. That
process indicated Me need for a sewer rate increase to maintain an acceptable cash position in
the fund.
These projections Indicate that rate Increases of six percent will likely be necessary In January
2888 and July 2008. These rate changes are coordinated such Mat Me Bangor Water District
and Sewer Fund will implement rate increases during the same year calendar year.
Gry Council members present for the budget review unanimously agreed W bring this Order to
Me full Council for approval.
Department Head
Manager's Comments:
Based on our financial projections and under the assumption that no significant additional
mandates from state or federal government will impact the sewer fund In the roar -term future,
we anticpate that these rate increases will be sufficient to carry Me sewer fund through the
pedad required to pay off Me debt associated with Me secondary treatr cert plant.
Associated Information: Copy of Proforma
City Manager
Legal Approval:
CrySolicitorV
Introduced for
ZC Passage
Fist Reading Page _of_
_ Referral
07 234
Assigned to Councilor Gratvick ]we 25, 2007
CITY OF BANGOR
T
(TIME.) order, Establishing Sewer User Rates To Go into Effect For Accounts Billed Starting January 1,
2088 and July 1, 2008,
By to Qty Ckaxp ofthe Q'ry Of &n .'
ORDERED,
That the following sewer user ate is adopted effective January 1, 2008 and represerms a
6.0% Increase over the current rate:
Quarterly Monthly
gag. Minimum Minimum
$1.72/HCP $%.69 $18.86
AND, BE rr FURTHER ORDERED THAT
The following sewer user rate is adopted effective July 1, 2008 and represents a 6.0% increase over Me
rate set January 1, 2008:
Quarterly Monthly
Rate: Minimum Minimum
$5.00/HCF* $60.00 $20.00
*Hunt red Cubic Feet
The rates provided above shall be applied to all accounts billed on or after the effective dates listed
above. This Order supersedes all prior Council Orders establishing volume -based sewer rates,
I9 CITY CODXCn
Juste 25, 2007
motion nage and: Seconded
fox P sage R 07-2U
Pass O g D 8 8
©� p1lEgJ gatablfahinS Sever Over Yates
to 0o Into Effect. for Mcoustel-gilled
Starting January 1. 2008 and July 1. 2008
A,slped to
Pro Forma Operational Results- W WTP
Debt Service
816Ur0 Debt Ser4ce
Budget
(3,337,556)
(3,214,853)
(2,877,852)
(2,83,853)
(2,629,198)
(1,466,615)
Now Debt Service
FY 08
FY 09
FY 10
FY 11
012
FY 13
FY 34
Ca In Row tram Operations
3500045
34315%
30053
3073152
950153
886498
1754915
Ohages kr$e (user fees)
6,290,931
6,840,624
6,840,624
6,840,624
6,840,624
6,840,624
6,840,624
Opembng Expenditures
(3,90,M)
(4,036,7M)
4 119 150
4231 201
(4,315,741)
(4 403 968
45#365
Op radn9 Cash Flow
2,#1.586
2,803,890
2,726,474
2,609,#I
2,524,803
2,436,656
2,306,259
Ending Cash - ktual
Other Cash Inflows
(43,812)
(262,465)
(289,550)
(28,105)
(273,046)
233,50
Otber Revenues
33,000
33,000
33,000
M,=
33,000
33,000
33,000
Other towns/CRies
136,500
143,000
146,575
146,95
19fi,95
196,575
146,95
COMmttetl S Mces
235,650
244,007
251,3$1
29,150
263,140
269,326
275,716
One Mme Inflows-
0.W%
-
-
-
-
-
-
Interotl�me
1)500
17,500
Oder Onsh Inflows
422.00
437.587
430.926
436,725
02,715
9981901
455291
Debt Service
816Ur0 Debt Ser4ce
(3,500,045)
(3,337,556)
(3,214,853)
(2,877,852)
(2,83,853)
(2,629,198)
(1,466,615)
Now Debt Service
(124,000)
(161,200)
(195,300)
(226,300)
(257,300)
(288,300)
Debt Serves Outflows
3500045
34315%
30053
3073152
950153
886498
1754915
N Cash Flow
(Y35,809)
(190,600)
(218,653)
(22,085)
17,445
(941)
1,006,635
Beg(mig Cash
802,077
146,268
(43,812)
(262,465)
(289,550)
(28,105)
(273,046)
Ending Cash - ktual
146,268
(43,812)
(262,465)
(289,550)
(28,105)
(273,046)
233,50
Rate Inon ue Effective
January Ist
6.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
July Ut
0.006
6.00%
0.W%
0.00%
0.00%
0.00%
0.00%
v
v