Agenda No. 4.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | September 17, 2024 |
| Department: | Public Works |
| Subject: | Resolution 24-R-104 - Approving the SSLGC Fiscal Year 2024-25 Water Rates. (B.James/L.Busch) |
BACKGROUND
In order for the City's corporate partner, the Schertz/Seguin Local Government Corporation (SSLGC) to provide water at the lowest rate possible, SSLGC utilizes the services of Willdan Financial Services as a rate consultant to evaluate and advance its model annually. This helps to keep rate increases minimal and to keep SSLGC revenue appropriate for current and future operations.
For Fiscal Year 2024-25, the SSLGC Board is recommending and has approved with SSLGC Resolution SSLGC R24-27 no increase in the water rates. The water rate will remain at $1.675 per 1,000 gallons. The SSLGC Board approved the proposed rates on August 15, 2024.
For Fiscal Year 2024-25, the SSLGC Board is recommending and has approved with SSLGC Resolution SSLGC R24-27 no increase in the water rates. The water rate will remain at $1.675 per 1,000 gallons. The SSLGC Board approved the proposed rates on August 15, 2024.
GOAL
To have the City of Schertz City Council approve the SSLGC FY 2024-25 water rates.
COMMUNITY BENEFIT
The City of Schertz is a member of the Schertz/Seguin Local Government Corporation. It is through the SSLGC that the City provides water to its residents and businesses. Approval of the water rates will ensure that the residents and businesses of Schertz will continue to receive this vital service.
SUMMARY OF RECOMMENDED ACTION
Staff recommends approval of the Resolution adopting the SSLGC FY 2024-25 water rates.
FISCAL IMPACT
The estimated water expenditures for the City of Schertz for FY 2024-25 is at $3,804,775.
RECOMMENDATION
Approval of Resultion 24-R-104.