Rural Community Assistance Corporation

 

Agenda

Dietrich Rate Study

September 17, 2007

 

City Council meeting to discuss rate study

Officials for City of Dietrich are:

Jeanetta R. Knowles – Mayor

Ryan Smith – Councilperson

Anne Eschliman – Councilperson

Donald Heiken – Councilperson

Iva Lee Green – City Clerk

Tom Young – City Utility Operator

 

v     Reconcile cash accounts

o       Determine beginning balance for water fund (determine actual cash on-hand for water system)

o       Exclude all other funds

v     Determine the budget revenue target

o       Title budget lines so customers understand them

o       Identify future cash reserves

§         Asset inventory (what you have)

§         Equipment replacement (depreciation)

§         New projects (capital improvements, what you want in the future)

§         Emergency reserves (something bad happens)

§         Operating reserves (covers revenue fluctuations, un-forecasted costs such as electrical rate increase, overtime etc.)

o       Be able to answer any question concerning the budget

v     Other that residential & residential water use

o       Look at statistics on water use spread sheet

o       Discuss one off rates (OTR)

o       Discuss policy goals

§         Support for low income customers

§         If I use twice as much water as you, what should I pay?

§         Conservation issues; reduction in water use

v     Set next meeting time