Title
The Board of Water Commissioners for the City of Detroit, Water and Sewerage Department approves the proposed schedule of Detroit Retail water and sewerage charges consistent with the FY 2018-19 revenue requirement and water and sewer system budgets approved by the Board of Water Commissioners on May 16, 2018 and also authorizes the Director to take such other action as may be necessary to accomplish the intent of this vote.
Body
Agenda of June 20, 2018
Item No. 18-0128
Rate Structure and Fees to Support DWSD FY 2019 Revenue Requirement
TO: The Honorable
Board of Water Commissioners
City of Detroit, Michigan
FROM: Gary Brown, Director
Detroit Water and Sewerage Department
RE: Rate Structure and Fees to Support DWSD FY 2019 Revenue Requirement
MOTION
Upon recommendation of Thomas Naughton, Chief Financial Officer, the Board of Water Commissioners approves the proposed schedule of Detroit Retail water and sewerage charges consistent with the FY 2018-19 revenue requirement and water and sewer system budgets approved by the Board of Water Commissioners on May 16, 2018 and also authorizes the Director to take such other action as may be necessary to accomplish the intent of this vote.
JUSTIFICATION
The proposed schedule of rates are based on the approved operating revenue requirements of $126,899,900 for the Retail Water System and $322,796,600 for the Retail Sewer System in FY2019. We are proposing a 4% increase in both the water and sewer rates.