CITY COUNCIL AGENDA ITEM
Memo Date: July 28, 2021
Agenda Date: September 14, 2021
Prepared By: Lora Howell, Deputy Finance Director
Through: Rebecca Bowman, MBA, CGFO, CGFM, Finance Director
Requested Action:
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Accept Stantec's FY 2021 Water/Sewer Revenue Utility Revenue Sufficiency Analysis - Final Report and Approve a Resolution Amending the Utility Handbook's Policies and Procedures. End
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BACKGROUND:
At the beginning of the annual budget process, the City of Cocoa entered into an agreement with Stantec Consulting Services to conduct the Water and Sewer Revenue Sufficiency Analysis. Through analyzing the FY21 actual revenues and the projected expenses, as well as the Capital Improvement Projects (CIP) for FY22, the findings of the study are that the City should implement the previously approved and scheduled 4% increase to Water/Sewer, Hydrants and Fire lines as outlined in Resolution 2021-016, beginning October 1, 2021. In doing so, updating Schedules A & B in the Utility Handbook.
Schedule A and Schedule B of the Utility Handbook, (Utility Rates, Fees, and Charges and Miscellaneous Charges) have been attached in accordance and were previously adopted by the City Council by Resolution 2021-016 and the rates, fees and charges adopted by the Resolution are subject to an automatic rate increase of 4%. Schedule A and B with respect to rates and fees are not being amended by this Resolution. eign
Staff has also reviewed the Utility Handbook and updated some policies and procedures in the Utility Handbook, for clarification purposes. Below are the highlighted procedural changes within the attached document:
* Unauthorized connections to fire protection systems will be considered tampering/thief.
* Same day service requests must be made before 12:00PM.
* Outstanding balances of $1,500 or greater, will require the account stay in the owner's name.
* City of Cocoa Senior and Disabled Citizens, may apply for a $2.00 monthly discount on Garbage...
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