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Agenda <br />¤Review Recent Financial Performance <br />City of Lakewood <br />¤Update Financial Forecast and Cost Drivers <br />΂Operating Expenses <br />΂Capital Investment Needs <br />2024-2028 Rate Study Update <br />΂System cashflows <br />December 11, 2023 <br />¤Rate Recommendation & Comparison <br />¤Summary <br />12 <br />Water rate increases lowered due to ARPA funding. Water Sewer rate increases lowered due to ARPA funding & <br />revenues driven by water sales which vary year to yearintroduction of impervious fee to promote equity <br />Total Sewer Revenues$ millions <br />Total Water Revenues$ millions <br />Rate <br />20192020202120222023 <br />Increase <br />Rate <br />20192020202120222023$15.69 <br />Original10%10%10%10%10% <br />Increase <br />$14.65 <br />$13.06 <br />$12.73 <br />$12.62$14.08 <br />$12.32 <br />Original5.5%5.5%5.5%5.5%5.5% <br />Revised10%10%10%4.0%4.0% <br />$12.99 <br />$10.93 <br />$12.00 <br />Revised5.5%5.5%5.5%4.0%4.0%Impervious Fee$2$2 <br />¤Since 2019, water revenues have ¤Since 2019, sewer revenues have <br />increased by approx. 4.5% annuallyincreased by approx. 6.9% annually <br />20192020202120222023 <br />20192020202120222023 <br />Water sales <br />Increased water <br />reductions in 2021 <br />sales for COVID <br />and 2022 as work <br />work from home <br />patterns ÐresetÑ <br />34 <br /> <br />