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6/19/2009 <br />Rate Study <br />Overview (cont'd) <br />• Previously recommended at least $200,000 annually <br />be set aside to restore operating reserves <br />• Approximately 45% of Water Utility revenue generated by <br />five (5) customers <br />• Fluctuations in revenue stream due to weather influences <br />• At a minimum an additional $227,733 ($200,000 + <br />$27,733) of revenue will be needed to meet the <br />$200,000 target <br />s <br />Rate Study <br />Overview (cont'd) <br />• Recommended increase of 1.0% in retail water rates <br />to assist in meeting the operating reserve <br />requirement <br />• Recommended increase of 4.0% in retail wastewater <br />rates that will allow the Wastewater Utility to be self- <br />sufficient <br />6 <br />3 <br />