Laserfiche WebLink
Financial <br />Drivers <br />•BWA developed updated financial projections to identify funding needs & evaluate rate increases <br />•Aging infrastructure & capital improvement needs <br />•Sewer system upgrades, repairs & replacements needed maintain safe & reliable operations <br />•Approximately $55 million over the next 5 years <br />•Debt service <br />•2015 SRF payments of $2.98MM ending in FY 2034/35 <br />•2021 loan payments of $593k ending FY 2035/36 <br />•Operating cost inflation <br />•8.0% for FY 2025/26, and 3.5% per year over the remaining 4 years <br />•Annual rate adjustments needed to keep rates in line with escalating costs (electricity, staffing, materials, insurance, etc.) <br />•Maintain Prudent Reserves <br />•Emergencies, demand fluctuation, cash funding capital, etc. <br />•Establishment of a Nutrient Optimization Project savings account ($2MM per year) <br />9