DEPARTMENT: Finance
DEPARTMENT HEAD: Ben Gorzell Jr., Chief Financial Officer
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
A briefing from the San Antonio Water System (SAWS) on the 2018 Budget and proposed rate adjustments for 2018 and 2019, followed by a briefing by City Staff on the proposed adjustments.
SUMMARY:
SAWS has completed its annual budget process and is requesting rate adjustments of 5.8% and 4.7% for 2018 and 2019 respectively. The purpose of this briefing is to inform Council of the drivers for the increases and gather feedback. No action is requested at this meeting; rather, the rates will be brought back to Council on November 9, 2017, for approval.
BACKGROUND INFORMATION:
SAWS is requesting rate adjustments of 5.8% and 4.7% for 2018 and 2019 respectively. SAWS Staff will provide a presentation on the budget and proposed rates.
City Staff conducted a comprehensive review of the proposed rate adjustments and will follow with a recommendation on the propose rates.
ISSUE:
This briefing is to inform Council of the proposed rate increases and gather feedback. No action is requested at this meeting. Rate approval will follow the timeline below.
|
|
Timeline For Rate Approval |
Complete |
|
September 13 |
SAWS Board Meeting - Initial Budget Briefing |
|
|
October 18 |
City Council “B” Session - SAWS Rate |
This meeting |
|
|
Proposal and Public Utilities Recommendation |
|
|
November 7 |
SAWS Board Meeting - Budget and Rate Approval Request |
|
|
November 9 |
City Council “A” Session - Rate Approval Request |
|
ALTERNATIVES:
This item is for briefing purposes only.
FISCAL IMPACT:
This item is for briefing purposes only.
RECOMMENDATION:
This item is for briefing purposes only.