25LINKBUDGET(FULL) - Flipbook - Page 72
City of Plymouth 2024 / 2025 Budget
Water / Sewer Rate Analysis
Rate or Cost Item
Rate / Cost
Proposed Rate
Charged as of Charged as of
07/01/23
07/01/24
per Mcf
per Mcf
Rate / Cost
Increase
per Mcf
Rate / Cost
Increase
Converted
per 1000 gallons
Cost Inc / (Dec) Rate Inc / (Dec)
from prior year
Required
% Increase
over
Prior Year
Water Usage Rate
$
11.10
$
11.58
$
0.48
0.06417
310,000
Water Usage Rate Converted to Fixed Costs
$
495,060
$
512,994
$
17,934
N/A
N/A
$
17,934
3.62%
Fixed Water Charge
$
753,600
$
770,400
$
16,800
N/A
N/A
$
16,800
2.23%
Sewer Usage Rate
$
$
-
Sewer Usage Rate converted to Fixed Cost
$
$
30,199
$
30,199
2.00%
1,509,934
-
$
$
Fixed Administrative Costs
$
Fixed Excess Flow Charges
TOTAL RATE/FIXED COST CHANGES
$
$
2,758,594
$
$
OTHER OPERATING COST CHANGES
$
2,422,445
$
$
$
$
$
$
$
$
$
$
$
$
1,540,133
-
$
Estimated
Usage
Gallons X 1000
$
N/A
305,000
N/A
$
-
N/A
N/A
$
-
2,823,527
$
64,933
N/A
N/A
$
$
64,933
$
0.21
2.35%
$
2,439,230
$
16,785
N/A
$
16,785
$
0.05
0.69%
205,000
15,292
187,912
408,204
$
$
$
$
$
$
$
$
$
220,000
15,292
187,912
423,204
$
$
$
$
$
$
$
$
$
15,000
15,000
$
$
$
$
$
$
$
$
$
15,000
15,000
$
0.05
3.67%
800,000
800,000
$
$
$
870,000
870,000
$
$
$
70,000
70,000
$
$
$
70,000
70,000
$
0.23
8.75%
0.00%
8.75%
$
-
$
$
166,718
$
$
0.54
n/a
COST INCREASE CONVERTED TO RATE /1000 GALLONS*
CURRENT COMBINED WATER/SEWER RATE
RATE NEEDED TO COVER 2024 / 2025 COST - INCREASE/DECREASE*
$
$
$
0.54
14.80
15.34
$
0.54
3.63%
RATE RECOMMENDED FOR 2024 / 2025
$
15.34
$
0.54
3.63%
N/A
DEBT SERVICE COSTS
1999 A Revenue Bonds
1999 B Revenue Bonds
1999 C Revenue Bonds
2003 LTGO Bonds
2012 LTGO Refunding Bonds
2015 LTGO Capital Improvement Bonds
RVSDP SRF Debt
WTUA Assignment of Additional Capacity
TOTAL DEBT SERVICE COST CHANGES
CAPITAL OUTLAY COSTS
Direct Funding of Capital Outlay Costs
Estimated net change for Capital Payments
TOTAL CAPITAL OUTLAY COST CHANGES
AMOUNT NEEDED FOR ADDITIONAL CASH RESERV $
TOTAL RATE AND FIXED COST INCREASES
-
$
-
Existing Rates:
* Proposed Changes:
Proposed Rate:
Water - $ 6.48
Water - $ .36
Water - $ 6.84
Sewer - $ 8.32
Sewer - $ .18
Sewer - $ 8.50
* Water rate increase effective as of 7/1/2024
25BINTRO-22-WSRA.xlsx
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