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<br /> stability, utilizes highly reliable and accurate <br /> accounting procedures; ensures ci se è; -, yon <br /> ~ '-'.'-~ <br /> provided in an efficient and reliable manner, and <br /> ensures revenues are fairly derived and comprehensively <br /> collected <br />Objective 1: To provide a Utility Rate Structure wh i c h will <br /> provide revenues required for water and wastewa-ter <br /> service based on an equitable allocation of cost at <br /> the lowest possible cost. <br />Policy 1-1: On an annual basis, the City \-Jill review its <br /> utility rate s-tructure to ensure t:he cost <br /> allocation for water and wastewater expense <br /> reflect a reasonable breakdown between thç <br /> various customer classes. <br />Policy 1-.2.: The City will review on an annual basis the <br /> rate structure to determine its impact on <br /> growth¡ existing customers, large and small <br /> users¡ and the conservation of natural <br /> resources. <br />policy 1-3: The City will strive to at.tain an AA bond <br /> rating. <br />Policy 1-4: The City will prevent the growth of unfunded <br /> liabilities. <br />Objective 2: To establish raOces and charges for service that are <br /> adequa-ce to support an efficient and reliable <br /> utility system which is In compliance with <br /> appropriate state, federal¡ and local regulations. <br />Policy 2-1: Rates will be established sufficient to <br /> maintain actual debt service coverage ratios <br /> sufficient to retain tain 1.5 times the required <br /> minimum coverage for all utility bonds. Such <br /> ratio will be evaluated and adj us.ted <br /> periodically In consideration of such things <br /> as construction requirements¡ current economic <br /> conditions¡ growth projects, and the projected <br /> size and frequency of rate increases. <br />