Title
The Board of Water Commissioners approves the proposed schedule of Detroit Retail Water and Sewerage charges consistent with the FY 2022-2023 revenue requirement and water and sewer system budgets approved by the Board of Water Commissioners on March 16, 2022 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 28, 2022
Item No.
Detroit Water and Sewerage Department
Schedule of Rates FY 2023
TO: The Honorable
Board of Water Commissioners
City of Detroit, Michigan
FROM: Gary Brown, Director
Water and Sewerage Department
RE: Rate Structure and Fees to Support DWSD FY 2023 Revenue Requirement
MOTION
Upon recommendation of Istakur Rahman, Chief Financial Officer of the Detroit Water and Sewerage Department, the Board of Water Commissioners approves the proposed schedule of Detroit Retail Water and Sewerage charges consistent with the FY 2022-2023 revenue requirement and water and sewer system budgets approved by the Board of Water Commissioners on March 16, 2022 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 is based on the approved operating revenue requirements of $140,733,600 for the Retail Water System and $350,405,300 for the Retail Sewer System in FY 2023. We are proposing an 0.8% increase in rate revenue needed in FY 2023.