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HomeMy WebLinkAbout2024-06-20; Utilities Rate Setting Update (Districts-All); Gomez, PazCouncil/Board Memo -Utilities Rate Setting Updat e (Districts -All) June 20, 2024 Page 2 blended into the CMWD fixed and variable rates charged to customers. The Water Authority represents over 60% of the CMWD water operating budget. When Water Authority rates go up, those rates would automatically increase on customer bills up to a pre-determined cap. The structural billing change to show the pass-through charges would allow the CMWD customers to see on their bills the rate impact of the Water Authority separately from CMWD operational and capital improvement costs. This would provide more transparency for ratepayers and demonstrate how rising costs to purchase water are outside of the direct control of the CMWD Board. Changing the rate structure requires additional work for our contractor and brings a complex demand on the Information Technology and Finance Departments to adjust the utility billing system . Several neighboring water agencies already show pass-through charges on their utility bills. San Diego County Water Authority The Water Authority has and continues to see significant water demand reductions due to water reuse projects, conservation and the recent rains as well as higher costs due to inflation and pass-through charges from the Metropolitan Water District. These factors cause volatility in the rates charged to the CMWD. The increases over the next two years are expected to be significantly higher than in the past and are difficult to predict. The Water Authority Board of Directors is currently considering rate increases between 10% and 20% for calendar year 2025. Encina Wastewater Authority The wastewater treatment costs from the Encina Wastewater Authority are about 30% of the wastewater operating budget. Unlike the water pass-through charges, the cost to treat wastewater would continue to be folded into the wastewater charge on customer utility bills that also include wastewater collection and capital projects. The fiscal year 2024-25 operating budget that the Encina Wastewater Authority will pass on to Carlsbad wastewater customers will be a 13% increase from the prior year and a driver for Carlsbad wastewater rates. Next Steps Staff will continue to work with the consultant to review the updated financial models, weighing options for rate increases to recommend to the City Council and the CMWD Board. Simultaneously, the cost-of-service reports will be prepared, and a date will be set for the City Council and the CMWD Board to hear the staff proposal and set the public hearing. Council/Board Memo -Utilities Rate Setting Update (Districts -All) June 20, 2024 Page 3 This public hearing is expected to be set for late 2024 or early 2025. Staff will finalize the Proposition 218 mailer, which would be mailed prior to the public hearing for rate increases that would come into effect around March 2025, similar to the timing in 2022. cc: Geoff Patnoe, Assistant City Manager/ Assistant Executive Manager Cindie McMahon, City Attorney/General Counsel Gary Barberio, Deputy City Manager, Community Services Laura Rocha, Deputy City Manager, Administrative Services Gina Herrera, Assistant City Attorney/ Assistant General Counsel Maria Callander, Information Technology Director Zach Korach, Finance Director Dave Padilla, Interim Utilities Director/Interim General Manager Kristina Ray, Communication & Engagement Director Shoshana Aguilar, Senior Management Analyst