Memo Resolution SSLGC FY 2010-2011 Water RatesAgenda No. 9
CITY COUNCIL MEMORANDUM /RESOLUTION
City Council Meeting: July 20, 2010
Department:
Subject:
BACKGROUND
Administration
SSLGC Fiscal Year 2010 -2011 Water Rates
SSLGC Resolution #SSLGC R10 -05
Proposed water rates for the period commencing October 1, 2010 and ending September 30,
2011 have been prepared by the Schertz- Seguin Local Government Corporation (SSLGC).
SSLGC has adopted a revenue requirement system using the AWWA cash basis of ratemaking
and adopted a minimum debt coverage ratio requirement of 1.25 or greater. It is the desire of
SSLGC to have these water rates for FY 2010 -2011 approved by the City of Schertz City
Council.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ:
That the City Council approve SSLGC's FY 2010 -2011 water rates.
PASSED AND APPROVED at\4 regular meeting of the City Council of the City of Schertz,
Texas this day of _ , 2010, at which meeting a quorum was
present, held in accordance with tie rovis )ns of V.T.C.A., Government Code, §551.001 et seq.
P 'ED
Hal Baldwin, Mayor
ATTEST:
Brenda Dennis, TRMC, CMC City Secretary
ATTACHMENT
FY 2010 -2011 Budget
Exhibit A
SSLGC R10 -05
SSLGC WATER RATES FOR FY2010 /2011
Effective October 1, 2010
1. Water Rate for Schertz and Seguin
Operations and Maintenance .86
Water Leases .61
Rate per 1,000 gallons $1.47
Schertz Annual Debt Service Payment $1,595,298
Seguin Annual Debt Service Payment $1,595,298
Average Rate per 1,000 gallons $2.45
2. Water Rate for Selina and Universal City
Operations and Maintenance
.86
Water Leases
.61
Transportation
.38
Cities Distribution
.16
Rate per 1,000 gallons $2.01
3. Water Rate for Springs Till
Operations & Maintenance .86
Water Leases .61
Cities Distribution .16
Rate per 1,000 gallons $1.63
Springs Hill Annual Debt Service Payment $200,000