1. Rate Increase Request

2. Current Year Budget Projection
Water Dept - $145,466 Loss
Sewer Dept - $146,929 Loss
Electric Department- $241,992 profit (increase was figured in)
Power Cost increase of 4.3% from MRES
The total cost of Power will be up 3.3%
Overall Electrical expenses up 1.3% (3% reduction in other oper. Exp.)
Garbage Dept - $22,539 profit

3. Water
2015
2014
2013
2012
FY16 Budget
Revenue
1,287,704
3,053,940
4,248,923
6,676,418
1,281,400
(Grant Rev)
3,157,478
5,121,818
TRF In
1,706,593
Sales Rev
1,347,347
1,091,445
1,554,600
Expense
1,489,082
2,386,667
1,999,987
1,306,101
1,426,866
Net Profit
(201,378)
667,273
2,248,936
5,370,317
(145,466)
-11%
True Net Profit
(1,039,320)
(908,542)
248,499
Less Depr
(320,320)
(189,542)
-16%
-24%
-17%
16%

4. Water Dept Rate increase effects
AVG Month Bill
Rate Increase
New Bill
Increase
Net Profit
RESIDENTIAL $
11% $ $
COMM $ $ $
11.00%
(27)
15% $ $ $ $
15.00%
46,744
20% $ $ $ $
20.00%
110,814

5. Sewer
2015
2014
2013
2012
FY16 Budget
Revenue
597,937
996,751
579,905
492,430
567,980
TRF In
438,581
179,154
Sales Rev
558,170
400,751
Expense
710,068
711,657
651,166
603,592
714,909
Net Profit
(112,131)
285,094
(71,261)
(111,162)
(146,929)
-26%
True Net Profit
(153,487)
(250,415)
-19%
-27%
-62%
-23%

6. Sewer Dept Rate increase effects
AVG Month Bill
Rate Increase
New Bill
Increase
FY16 Budget
RESIDENTIAL $
19% $ $
COMM $ $ $
19.00%
(40,432.75)
25% $ $ $ $
25.00%
(4,934)
30% $ $ $ $
30.00%
23,465

7. SoSide Sewer
2015
2014
2013
2012
FY16 Budget
Revenue
18,255
16,568
20,920
15,880
18,000
Expense
27,626
27,118
21,389
15,189
29,505
Net Profit
(9,371)
(10,550)
(469)
691
(11,505)
-51%
-64%
-2% 4%
Sewer Dept Rate increase effects
AVG Month Bill
Rate Increase
New Bill
Increase
South Side $
51% $ $
(2,325.00)
-12.9%
65% $ $
195.00
1.1%

8. 2015
2014
2013
2012
FY16 Budget
Elec
Revenue
7,539,999
7,780,526
7,253,657
6,847,819
7,915,577
Expense
7,401,627
9,978,314
7,223,666
7,930,205
7,673,585
Net Profit
138,372
(2,197,788)
29,991
(1,082,386)
241,992 2%
-28% 0%
-16% 3%
Less Trf Out Exp
10,754

13. Electrical Dept Rate increase effects
AVG Month Bill
Rate Increase
New Bill
Increase
RESIDENTIAL $
6.60% $ $
COMM $
10% $ $
LARGE POWER
$ ,768.86
1.70%
$ 1,798.93 $
VCSU
$ ,076.29
2.20%
$ 1,099.97 $
3.50%
1471kwh $ $ $
397kwh $ $ $

14. Total Effect on Customer Bill
11% Water, 19% Sewer
Old Bill
New Bill
Increase in Bill
RESIDENTIAL
109.81
119.53
9.72
8.9%
COMM
326.33
363.74
37.41
11.5%
15% Water, 25% Sewer
121.70
11.89
10.8%
369.40
43.07
13.2%
20% Water, 30% Sewer
123.92
14.11
12.8%
375.67
49.34
15.1%

15. Old Rates
Proposed Rates