08.15.2017 Regular Meeting - Laserfiche WebLink

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City Council Meeting Minutes August 15,2017 Project#656—Spray Pads East side/West Side(FY 2019) be replaced with Project#221 —Swimming Pool Complex East Side as identified in 2016/17 CIP. Council directed Staff to keep the initial timelines and not move these to earlier dates due to the need for more urgent drainage projects. Next Mrs. Hurlbert addressed the Drainage Rate Modeling and the budget implications of moving forward. An engineer would have to be added to staff to support the increased workload. The funding for this position would come from the drainage fund as opposed to the General Fund. Council directed them to move forward with adding an additional engineer. A rate adjustment of 15% over the next 5 years was proposed,which allows a slower steady increase that is consistent with the philosophy in other utility funds. Council directed Staff to move forward with this recommendation. The following recommendation were made regarding Electric Utility: •Rate adjustment not needed for FY2018, possible need for increase in three to five years. •Achieved operating reserve level recommended by Standard & Poors of 60 days operating expense including Cost of Power in FY16 •Temporary increase of franchise fees from 7% to 8% •Additional recurring and one-time operational expenses-$753,800 •Capital Outlay Funding-$419,000 Council approved the recommendations outlinlined in Exhibit C (attached) regarding Electric Utility. The following recommendations were made regarding Water/Wastewater: •5%water rate adjustment(continue small and study) to fund capital projects .2%wastewater rate adjustment •Temporary increase of franchise fees from 7 to 8% •Additional recurring and one time operational expenses-$376,000 •Capital Outlay funding-$310,000 Water and wastewater separated on comparison chart—Heather will get this to council Council approved the recommendations outlinlined in Exhibit D (attached) City of San Marcos Page 16