Item Coversheet

CITY OF RIVIERA BEACH CITY COUNCIL
AGENDA ITEM SUMMARY

Meeting Date: 2/5/2018 
Agenda Category:

Subject: JOINT WORKSHOP WITH MANGONIA PARK TO REVIEW THE RATE STUDY

Recommendation/Motion: 

Originating Dept UTILITY SPECIAL DISTRICT  Costs  
User Dept.UTILITY SPECIAL DISTRICT Funding Source
AdvertisedYes Budget Account Number
Date   
Paper   
Affected PartiesNot Required   

Background/Summary: 

On August 21, 2017 the Utility District Board approved staff to undertake a rate study in response to the Mangonia Park utility services contract. PRMG was authorized to provide Utility Rate and Financial Consulting Services for the Utility Special District; the purpose of the Study was to develop a Water and Wastewater Revenue Sufficiency and Rate Design Analysis.  The most important objective of the study was to develop proposed utility rates that meet the expenditure requirements of the individual water and wastewater utility systems.            The water and wastewater utility systems rates must be able to maintain sound financial operations and to fund the anticipated capital needs of the utility system.            

 

On January 29, 2018 PRMG submitted the Preliminary Water and Wastewater Revenue Sufficiency and Rate Design Analysis; PRMG’s Report provided a basis for the recommended rates, fees and charges for the water system and wastewater system; and these rates, fees and charges are necessary to meet the near term expenditure requirements of the water system and wastewater system for a period of five (5) fiscal years; this update modified the initial recommendations as to the annual rate adjustments required for long-term sustainable service.

 
Fiscal Years
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city) 
Net Fiscal Impact
NO. Additional FTE Positions
(cumulative)

III. Review Comments

A. Finance Department Comments:
 
B. Purchasing/Intergovernmental Relations/Grants Comments:
 
C. Department Director Review:
Contract Start Date 
Contract End Date
Renewal Start Date
Renewal End Date
Number of 12 month terms this renewal
Dollar Amount
Contractor Company Name
Contractor Contact
Contractor Address
Contractor Phone Number
Contractor Email
Type of Contract
Describe
ATTACHMENTS:
File NameDescriptionUpload DateType
Riviera_Bch_Rev_Suffic_(Draft_#1).pdfPRESENTATION2/2/2018Presentation
Prelim_Riviera_Bch_Rev_Suffic_Rpt_(Clean).pdfPRELIMARY REPORT2/2/2018Backup Material
REVIEWERS:
DepartmentReviewerActionDate
Utility Monroe, LuecindaApproved2/2/2018 - 6:42 PM