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Average QuaReriy Bill-Water•usage and m 2009 2010 2011 2012 2013 20l4 2015 2016 <br /> Navarre Area Commercial <br /> Average User(75,000 gallons per quarter) S 220.61 $ 198.69 $ 210.61 $ 224.30 S 240.00 $ 259.20 $ 279.94 $ 302.33 <br /> Average Quarterly Biil•Water•usage and 2009 2010 2011 2012 2013 2014 201'J 2018 <br /> Highway 12 Area Commercial <br /> Average User(75,000 gallons per quarter) S 276.42 � 198.69 $ 210 61 5 224.30 $ 240.00 $ 259.20 $ 279.94 $ 302.33 <br /> Water used in multi-family units is primarily used for everyday needs such as cooking and <br /> washing, or essential activities. Taking this into consideration, similar to commercial use, we are <br /> proposing a three tier rate structure for the one multi family unit in the City. These tiers are the <br /> same as commercial and would be as follows: <br /> Tier One: All usage up to 50,000 gallons per quarter <br /> Tier Two: Usages usage between 50,000 to 150,000 gallons per quarter <br /> Tier Three: All usage over 150,000 gallons <br /> Average Quarterly BiII�Water-usage and m 2009 2010 2011 2012 2013 2014 2015 2016 <br /> Highway 12 Area Multi Family <br /> (350,OOG gallons per Guarter) $1,249.92 S 1,206.50 � 1,278.89 $1,362.02 S 1,457.36 S 1,573.95 $ 1,699.86 S 1,835.85 <br /> This user would see their quarterly bill drop by $43.42 per quarter for water usage, including the <br /> fixed charge. <br /> Recommended Water Fund Cash Balances <br /> Operating Reserve <br /> We recommend the water fund carry a minimum cash balance for operations of an amount <br /> equal to 6 months of operating expenses including depreciation plus annual debt service <br /> and a portion of capital costs. Cash balances are available to accommodate fluctuations in <br /> revenue depending on weather and higher than anticipated operating expenses and for <br /> unexpected expenses, such as main breaks. <br /> Capital Reserve <br /> The remaining cash balance should be held for long-term replacement of the system, <br /> which will not be able to be funded with growth. The model maintains the ending cash <br /> balance over time. The recommended measure of a goal for the capital portion of cash <br /> reserves is the target working capital as outlined in the City's annual financial report. The <br /> graph below demonstrates the target capital reserve balance compared to actual capital <br /> reserve balance of the water enterprise fund over time: <br /> C:rilrrn Rure Sru��• �'��5�l-' <br /> C'irv o1 Or•nrio.;ti/innesorn Decernhe,•.'009 <br />