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Fund Balances-Total Funds <br /> m $20 <br /> o $15 <br /> $10 <br /> $5 $3.9 <br /> $0 <br /> ($5) FY 2024 � 2026 <br /> ($10) <br /> ($15) -$10.0 <br /> ($20) <br /> ($25) <br /> ($30) -$25.4 <br /> —En3ng Batances —Reserve Target <br /> Q: What if we require single-family residents to pay for the first 20 CcF of water, but don't <br /> increase water rates? <br /> A: If the City charges the Pleasanton Water Variable Charge to all water used by customers (no <br /> longer providing the first 20 CcF of water with no Pleasanton Water Variable Charge), revenues <br /> will increase by approximately$500,000 per year. <br /> The proposed water rate adjustment will increase Pleasanton's water revenues by <br /> approximately$4.5M during year one, $13.3M during year two, and $20.81VI during year three. <br /> These revenues are critical to ensure that funds are in place to manage a variety of water <br /> supply and quality projects, as well as rebuild the Water Enterprise Reserve Fund. <br /> Q: When will the water rates change? <br /> A: The proposed water rate adjustments will go into effect on January 1, 2024. <br /> Proposed Water Rate schedule: <br /> Year 1: January 1, 2024 - December 31, 2024 <br /> Year 2:January 1, 2025 - December 31, 2025 <br /> Year 3:January 1, 2026 - December 31, 2026 <br /> Proposed Sewer Rate schedule: <br /> Year 1:January 1, 2024 -June 30, 2024 <br /> Year 2:July 1, 2024-June 30, 2025 <br /> Year 3:July 1, 2025 -June 30, 2026 <br /> Q:The notice states that Pleasanton's rates will remain near the bottom of nearby agencies <br /> following the rate increase. Where can I find a chart with comparable rates? <br /> A: A chart with comparable rates throughout the area is available on page 4 and page 14 of the <br /> July 18, 2023 City Council meeting agenda report in which the new rates were presented to <br /> Council.This chart can be viewed below. <br /> Page 14 <br />