Town of Churchbridge - Waterworks Rate Policy
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Below provides the planned per gallon water rate increases of 10 percent per year over the next four years. To demonstrate the impact on residents and businesses, below are estimated monthly charges that reflect the rate increases, which are based on an average household consuming 2500 gallons of water each month.
|
Date |
Per Gallon Rate |
Est. Monthly Charge |
|
May 23, 2005 |
.006 cents |
$15.00 |
|
January 1, 2007 |
.0065 cents |
$16.50 |
|
January 1, 2008 |
.007 cents |
$18.15 |
|
January 1, 2009 |
.008 cents |
$20.00 |
|
January 1, 2010 |
.009 cents |
$22.00 |
This will be reviewed on a yearly basis to determine if revenues are covering maintenance costs and amount placed in reserves.
For future waterworks capital plans, projects will be prioritized based on what is needed to ensure safe drinking water for the Town of Churchbridge.
Total 2005 waterworks revenues $111,846.
Total 2005 waterworks expenditures $107,123.
Total 2005 waterworks reserves $6,998.
Total 2005 debt payment on loans $ -0- .
Comparison of waterworks revenue to expenditures expressed as a ratio
111,846
(107,123) + (6998) = .98
For 2005, waterworks revenues covered 98 percent of the waterworks expenditures.
Amount of the 2005 waterworks revenues transferred out of utility revenues is $6,998. and placed in Utility Revenues for future infrastructure maintenance and capital costs.
Deficit for 2005 is $2,275 under combined water and sewer works for the Town of Churchbridge, Saskatchewan.
The following additional information is available at the municipal office on the waterworks: