Title
Presentation: Proposed FY 2025 Schedule of Service Charges
Body
Agenda of: January 24, 2024
Item No.: 2024-026
Amount: N/A
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey P.E.
Chief Executive Officer
Great Lakes Water Authority
DATE: January 24, 2024
RE: Presentation: Proposed FY 2025 Schedule of Service Charges
MOTION
Upon recommendation of Nicolette N. Bateson, Chief Financial Officer/Treasurer, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA), receives and files the Presentation related to the Proposed FY 2025 Schedule of Charges; and authorizes the Interim CEO to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
The annual financial planning cycle encompasses development of the capital improvement plan, the ten-year financial forecast, the revenue requirement (in the form of a biennial budget), and the resulting schedule of service charges. The proposed budget and charges are linked as the budget is the basis for the charges. Accordingly, a companion agenda Item #2024-025 for this meeting date of January 24, 2024 provides a combined presentation and support materials related to the proposed charges.
JUSTIFICATION
This year, as in last, the proposed charge worksheets were emailed to Member Partners prior to the Member Partner Charges Rollout Meeting #3 which took place on January 11, 2024. Presenting the proposed charges schedule in this manner allows more time for member partner engagement with both GLWA staff and the charges consultant from The Foster Group individually and in group settings.
The 3 key themes from the proposed FY 2024 Charges rollout are as follows:
1. The System-Wide Charges Revenue increase is 3.25 percent for Water and 3.0 percent for Sewer - continuing a trend where GLWA's charges continue to be well below the rate of inflation.
2. Sewer SHAREs are being updated for the fir...
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