Laserfiche WebLink
Stormwater Fund <br />• The recommended scenario has no projected change to the Stormwater rate structure but does recommend <br />increases for future rates. The current and future recommended rates are outlined below. <br />Current <br />Rates 2026 2027 2028 2029 2030 <br />Proposed Change in Rates 3% 3% 3% 3% 3% <br />Monthly bill based on a residential user $ 16.32 $ 16.81 $ 17.31 $ 17.83 $ 18.37 $ 18.92 <br />Monthly $ increase for a residential user $ 0.49 $ 0.50 $ 0.52 $ 0.53 $ 0.55 <br />Annual $ increase for a residential user $ 5.88 $ 6.05 $ 6.23 $ 6.42 $ 6.61 <br />Residential 16.32 16.81 17.31 17.83 18.37 18.92 <br />■ The recommended scenario presented proposes a 3% increase to the fixed base rates each year <br />throughout the life of the plan (2027 - 2030). The projected increase is made to ensure the City meets <br />projected targeted cash reserves and a positive cashflow at the end of the plan in year 2030. <br />Things to Consider with Future Action <br />• The recommended scenario ensures the City has adequate reserves and cashflows absent any new debt and <br />capital assets based on the assumptions. The recommended increases below are aimed towards keeping up with <br />inflation and the future capital asset needs in future years. <br />• Actual project costs should be reviewed and monitored for any changes. Any significant change in expenditures <br />could have an impact on recommended rates. <br />• Reminder that in future years to consider the impact of bonds issued in the enterprise funds and transfers out to <br />other funds and their impact on future utility rates. <br />• Recommendations for future action to review the City Water fund for additional ideas for ensuring the fund has <br />resources sufficient to cover costs in the future. <br />Sincerely, <br />Abdo Financial Solutions <br />Minneapolis, Minnesota <br />October 22, 2025 <br />AbdoSolutllons.com <br />rF� <br />u <br />1.1 <br />112 <br />