Eastern Municipal Water District
California

Action/Info Item
4138

Financial Participation Charges Update

Information

Department:FinanceSponsors:
Category:Action/Info ItemMeeting Workflows:Board Admin Committee Workflow

Attachments

  1. Printout
  2. Presentation

Background

The District adopted a Triennial Strategic Plan for 2019 – 2021 with seven strategic priorities, including fiscal responsibility and appropriate investments.  The District’s goal is to ensure financial stability and demonstrate responsible stewardship of public funds. One of the District’s initiatives to meet this goal is to evaluate fees, rates, and charges to ensure that each customer class pays its proportionate fair share, while generating adequate revenues to meet the District’s financial obligations.

 

Financial Participation Charges (FPC), also known as connection fees, are collected to pay for planned and existing water and wastewater facilities.  These charges ensure that everyone pays a fair share of the District’s capital facilities.  FPC’s were last studied and adopted by the Board in 2011.  Staff is initiating a new study to evaluate the revenue requirements and cost allocation for the District system capacities in order to recommend adjustments to the current FPC.  Staff prepared a presentation which includes an overview and a recommended timeline of the planned study and seek input and feedback from the Board Administrative Committee. 

Financial/Strat Plan/Enviro

FINANCIAL IMPACT:

None

 

STRATEGIC PLANNING GOAL/OBJECTIVE:

Proportionate Cost of Service: Continue to evaluate EMWD’s fees, rates and charges to ensure that each customer class pays its proportionate fair share, while generating adequate revenues to meet EMWD’s financial obligations.

 

ENVIRONMENTAL IMPACT:

None

Recommendation

This item is informational only.

 

Meeting History

Feb 11, 2020 4:00 PM  Board Administrative Committee Regular Meeting
draft Draft
RESULT:REVIEWED AT COMMITTEE
Feb 19, 2020 3:00 PM  Board of Directors Special Meeting
draft Draft

Mr. Turner provided a presentation on this item







To access audio recordings of Board meetings from April 27, 2016 to present, please click here.