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City of San Leandro Stormwater Fee <br />Draft Report 3. Rate Structure Analysis <br /> <br />HF&H Consultants, LLC Page 10 February 23, 2024 <br />Table 6. Proposed Updated Stormwater Fee (FY 2024-25) – Fund All Capital Projects <br /> <br />STORMWATER FEE CALCULATION – ALTERNATIVE FUNDING LEVEL <br />Table 2 summarizes the annual revenue requirement to be funded by the updated Stormwater Fee and <br />presents to scenarios: 1) fund all capital projects (annual revenue requirement = $4,769,780) and 2) fund <br />only high and very high priority projects (annual revenue requirement = $3,191,780). Table 7 summarizes <br />the proposed Stormwater Fees for Scenario 2 – Fund High and High Priority Projects only. <br /> <br />Table 7. Proposed Updated Stormwater Fee (FY 2024-25) – Fund High and Very High Projects Only <br /> <br />ANNUAL ADJUSTMENT <br />The updated Fee is subject to an annual adjustment tied to the percentage change in the Consumer Price <br />Index-U (CPI) for the San Franciso-area as of December of each succeeding year, with a maximum annual <br />adjustment not to exceed 3.0%. Any change in the CPI in excess of 3.0% shall carryover as “Unused CPI” <br />and may be used to increase the then-current rate in years in which the CPI is less than 3.0%. <br />