HomeMy WebLinkAboutMinutes - Water Finance Subcommittee - 3/4/2008 ACTION SUMMARY
ORO VALLEY WATER UTILITY COMMISSION
FINANCE SUBCOMMITTEE MEETING
MARCH 4,2008
ORO VALLEY WATER UTILITY CONFERENCE ROOM
11000 N. LA CANADA DRIVE
ORO VALLEY,AZ
CALL TO ORDER at 5:35 p.m.
PRESENT: Winston Tustison, Chair, Finance Subcommittee
Elizabeth"Betty" Shapiro, Member, Finance Subcommittee
Robert Milkey, Member, Water Utility Commission
Philip C. Saletta, Water Utility Director
Shirley Seng, Water Utility Administrator
Stacey Lemos, Finance Director
Art Cuaron, Financial Analyst
Discussion of the following items, no legal action taken:
1. Rate & Fee Increase Analysis
a. Review 3 funds comprising the Utility: Enterprise, AWRDIF & PWSDIF
b. Review the assumptions for the Baseline Scenario
c. Review the results of the Baseline Scenario
d. Review the water rate & groundwater preservation fee assumptions for
Scenario A
e. Review the results of Scenario A
f. Review the proposed rate schedule &bill comparison table
g. Discuss meter installation fee increase
h. Discuss the establishment of"convenience fee" for credit card payments
taken over the telephone
2. Rates Analysis Schedule
a. Review the proposed schedule for implementation of new water rates
i. Commission review on 3/10/08
ii. Council Study Session on 4/09/08
iii. Commission recommendation on 4/14/08
iv. Notice of Intent to Increase Rates on 4/16/08
v. Public Hearing to increase rates on 5/21/08
vi. If adopted, new rates effective on 6/21/08
Adjourned at 7:13 p.m.
Prepared by: Shirley Seng, Water Utility Administrator