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2 <br />•The rate study for all funds (Water, Sewer and Stormwater) is arrived at to <br />ensure the City meets projected targeted cash reserves and a positive <br />cashflow at the end of the plan in year 2030. It should be noted the water <br />fund recommendation does not meet the projected target reserve by 2030 <br />but would get the City to the projected target reserve by 2032. <br />•Target cash reserve is calculated and presented as 100% of the following <br />years’ debt payments and 25% of projected operating expenses, and a 5- <br />year average of capital expenses. <br />Introduction