SUBJECT
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Update on Business Plan Report, Budgeting Information, and Member Revenue Options (Information)
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DESCRIPTION
In January, the Board was presented with the estimated funding needs tables for the upcoming 2025 Fiscal Year. With the associated Business Plan document to be delivered to the membership in March, this presentation recaps the Plan contents and assumptions, provides updates on estimated expenditures, and summarizes the revenue options members may elect to evaluate as they advance their individual rate studies. In addition to rates, revenue options include special assessments, capital connection fees, and alternative water supply (AWS) surcharges. Members are encouraged to consult with their Utility rate advisors to execute the best options for their unique situations.
RECOMMENDATION
This is an Information Item, and no Board action is required.
FISCAL IMPACT
The cost schedule tables included in the Business Plan document can be used for member budgeting of Fiscal Year 2025 PRWC costs. The revenue options can be considered by individual members and their advisors on how best to manage these costs.
CONTACT INFORMATION
Robert Beltran
Murray Hamilton