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HomeMy WebLinkAboutFIN-19-088 - 2020 Water Utilities RatesREPORT TO:Council DATE OF MEETING:December 2, 2019 SUBMITTED BY:Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 PREPARED BY:Ryan Hagey, Director of Financial Planning, 519-741-2200 x 7353 WARD (S) INVOLVED:All DATE OF REPORT:November 26, 2019 REPORT NO.:FIN-19-088 SUBJECT:2020 Water Utilities Rates ___________________________________________________________________________ RECOMMENDATION: THAT the proposed ratescontained in the 2020 Water Utilities Ratesschedule attached to Financial Services Department Report FIN-19-088be approved. BACKGROUND: The rates for the City’s Water Utilities (water, sanitary, and stormwater) are set annually by Council. In 2017, a comprehensive reviewof the water, sanitary and stormwater infrastructure (the Water Infrastructure Program or WIP) was conducted to evaluate infrastructure investment needs and other factors such as affordability, growth, and sustainability.The WIP report provided information about the infrastructure in each of the utilities and provided Council with investment options for both capital replacement and increased maintenance spending along with 5-year rate options for the utilities. Council’s consensus from that discussion provided staff with direction for future investments and rate increases which were reflected in the 2018 and 2019 utility rate increases approved through the budget. Rate changes for theWater Utilities havetypically beenpassed as part of approving the overall budgeton Final Budget Dayin January, with the new rates coming into effect on March stst 1.Starting in 2020, the City is moving to an effective date of January 1to coincide with rate changes from the Region of Waterloowho supplies the City withwater and treats its wastewater. This report is seeking approval of the new rates in order to implement them on st January 1. REPORT: The proposed rate increases for the Water Utilities are summarized in the table below, with the more detailed schedule attached to the report. Summary of Water Utilities Rate Changes UtilityRate Change Water2.9% Sanitary3.3% Stormwater5.0% *** This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. The combined impact on the average homeowner for 2020 is 4.4%, which is slightly lower than the forecast rate increase for 2020 as shown in the table below. Projected Combined Utility Rate Increases 20182019202020212022 Rate Increase Projection from WIP6.5%6.5%4.5%4.5%4.5% Revised Rate Increase Projection6.5%6.5%4.4%4.5%4.5% The change for 2020 is because of two Regional impacts that offset each other, but were not anticipated as part of the original WIP modeling.First, the Region has moved the date of their st rate increase for watersupplyandsanitarysewage processingto January 1instead of March st 1.This has upward pressure onrates since higher prices are being charged earlier than was modeled during the WIP analysis. Second, the Regionhas reduced the rate increase for water supply and sanitary sewage processing by 1%. This has downward pressure on rates since the price increase is less than what was modeled during the WIP analysis. The overall impact is summarized in the chart below and shows how each change impacts the overall WIP rate increase. WIP 2020 Rate Increase Reconciliation Originally ForecastedWIP 2020 Rate Increase4.5% Timing of Regional Rate Increase Moved to January 1+0.3% Regional Rate Reduction-0.4% RevisedProposed WIP 2020 Rate Increase4.4% As part of the Operating Budget discussion on November 25, there was some interest shown in reducing stormwater rates as they are going up by more than an inflationary amount and the City was recently approved for nearly $50M of federal grant funding over the next 10 years through the Disaster Mitigation Adaptation Fund (DMAF). Historical information about stormwater utility rates since the utility’s inception in 2011was requested and is shown in the table below. Historical Stormwater Rate (Residential Single Detached Medium property) YearCost% ChangeYearCost% Change 2011 $10.502016$11.449.2% Jan-Jun 2011 $9.45-10.0%2017$12.499.2% Jul-Dec 2012$9.733.0%2018$13.739.9% 2013$9.871.4%2019$14.727.2% 2014$10.173.0%2020$15.465.0% 2015$10.483.0% The table above shows theoriginal stormwater rate implemented in 2011 based on the recommendations from a multi-year comprehensive review to create a separateand sustainable stormwater utility was $10.50. This initial rate was reduced by 10% (effective July 1,2011) as part of the 2011 budget process. As shown in thetableabove, the stormwater rate did notreturn to itsoriginal level until 2015. Since 2015, rate increases have been more than inflationary, but were required to: Make up for effectively having no rate increase between 2011-2015 Eliminate an accumulated deficit of $1M in the stormwater utility at the end of 2015 Provide proportionatefunding for increased WIP full road reconstruction projects As noted duringthe operating budget presentation, when Council considered multi-year WIP rate options in 2017, they endorsed the lowest option (Option #3) and stated that any grant funding would go towards an incremental increase to planned work which is what is proposed through the 2020 budget. Further, any reduction in the projected stormwater rate increase would mean a reduction in planned work,which could lead to areduction in DMAF grant funding. ALIGNMENT WITH CITY OF KITCHENER STRATEGIC PLAN: The recommendation of this report supports the achievement of the city's strategic vision through the delivery of core service. FINANCIAL IMPLICATIONS: The total annual impact of the proposed rate changes is $50 as noted in the table below. Impact on Homeowner 20192020$ Change Water$435$450$15 Sanitary$543$568$25 Stormwater$175$185$10 TOTAL$1,153$1,203$50 Assumptions: 3 Water& Sanitary: water consumption of 175m Stormwater: Residential Single Detached Medium COMMUNITY ENGAGEMENT: INFORM –This report has been postedto the City’s website with the agenda in advance of the council / committee meeting. ACKNOWLEDGED BY: Jonathan Lautenbach, Chief Financial Officer, Financial Services Appendix A - 2020 Water Utilities Rates 2019 Rate2020 Rate$ Change% Change Sanitary (per cubic metre)$ 3.0538$ 3.1546$ 0.1008 3.30% Water (per cubic metre)$ 2.4339$ 2.5045$ 0.0706 2.90% Stormwater (monthly charge) Residential Single Detached Small$ 8.82 $ 9.26 $ 0.445.00% Residential Single Detached Medium$ 14.72$ 15.46$ 0.745.00% Residential Single Detached Large$ 19.35$ 20.32$ 0.975.00% Residential Townhouse/Semi-Detached$ 10.51$ 11.04$ 0.535.00% Residential Condominium$ 5.86 $ 6.15 $ 0.295.00% Multi-Residential duplex$ 11.78$ 12.37$ 0.595.00% Multi-Residential triplex$ 17.70$ 18.59$ 0.895.00% Multi-Residential four-plex$ 23.54$ 24.72$ 1.185.00% Multi-Residential five-plex$ 29.46$ 30.93$ 1.475.00% Multi-Residential (>5 units)$ 2.95 $ 3.10 $ 0.155.00% Non-Residential Smallest$ 28.16$ 29.57$ 1.415.00% Non-Residential Small$ 75.30$ 79.07$ 3.775.00% Non-Residential Medium-Low$ 197.30$ 207.17$ 9.875.00% Non-Residential Medium-High$ 575.95$ 604.75$ 28.805.00% Non-Residential Large$ 1,395.90$ 1,465.70$ 69.805.00% Non-Residential Largest$ 2,996.70$ 3,146.54$ 149.84 5.00%