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DRAFT 4.21.25 <br />Financial Plan Recap <br />11 <br />EnhanceFinancial Plan <br />15% for two years / <br />8% for two yearsRevenue Adjustments <br />$35MNew Debt to Fund CIP <br />$73M5-Year CIP Costs <br />Enhanced service <br />level and <br />infrastructure <br />Objective <br />March 4 Council Meeting <br />•Discussed financial plan scenarios <br />•Scenarios based on WSMP alternatives <br />•Council provided direction to move <br />forward with Enhance scenario <br />DRAFT 4.21.25 <br />Variable Charge Rate Structure <br />Potential Legal Risks <br />•Current variable charges include 4-tiered rate for Single Family, uniform rate for <br />all other customer classes <br />•Recent court cases have highlighted potential legal risks associated with tiered <br />rates –tier definitions must be cost justified <br />•Tiers are typically justified based on supply costs, conservation costs, or revenue <br />offsets from sources such as property taxes (water enterprise has no sources) <br />•To enhance legal defensibility and maintain consistency across customers, a <br />uniform variable charge for all customers is recommended <br />12 <br />Page 222 of 249