CC MEETING: November 18, 2025
DATE: November 4, 2025
TO: Erin Rinehart, City Manager
FROM: Melissa Everett, Finance Director
Diana Vaughn, Chief Financial Officer
Chrystal Davis, Assistant City Manager
Title
Discuss The Utility Fund, Water And Wastewater Rates.
Body
BACKGROUND:
The City’s Utility Fund generates revenue through user fees that cover operating, capital, and debt service expenses. The City has adopted a financial policy requiring the Utility Fund to maintain cash reserves equal to or greater than 90 days of expenditures. Due to the seasonality of significant water sales in the final quarter (July-September) of the fiscal year, staff waits until after fiscal year-end to determine the necessary rate adjustments for the following fiscal year. On November 11, staff will provide the Audit, Finance, and Governance Committee with an overview. A work session will then be held to discuss the Utility Fund’s financial needs.