HomeMy WebLinkAbout#12 Annual Electric Water Standby Charges AGENDA ITEM #12
Public Utility District m
MEETING DATE: March 6, 2024
TO: Board of Directors
FROM: Michael Salmon, Chief Financial Officer
SUBJECT: Consideration of Scheduling a Public Hearing Related to Adoption of
the Annual Electric and Water Standby Charges
APPROVED BY:
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Brian C. Wright, General Manager
RECOMMENDATION:
Schedule a public hearing at the regularly scheduled District Board Meeting on April 3,
2024 at 6:00 PM, or as soon thereafter, for the purpose of receiving input on the
adoption of annual Electric and Water Standby Charges.
BACKGROUND:
Board action is required annually to adopt electric and water standby charges. This
process begins by scheduling a public hearing to renew the existing electric and water
standby charges.
Standby charges have been assessed on vacant parcels in the District since 1975.
These annual charges recoup the District's operating and maintenance costs of the
electric and water distribution facilities from parcel owners who benefit from their vacant
lot being in close proximity to the distribution facilities.
Standby rates have not been modified in many years. The current Electric Standby
Charge is $20.00 per year for each parcel one acre or larger, or $10.00 per year for
each parcel less than one acre. The current Water Standby Charge is $80.00 per parcel
per year.
The Board must formally adopt the standby charges each year.
ANALYSIS AND BODY:
Staff proposes a Public Hearing be held to consider renewing the existing Electric and
Water Standby Charges on vacant parcels in the District, effective for the 2024-2025
property tax year.
GOALS AND OBJECTIVES:
District Code 1 .05.020 Objectives:
1. Responsibly serve the public.
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3. Provide reliable and high quality water supply and distribution system to meet
current and future needs.
4. Provide reliable and high quality electric supply and distribution system to meet
current and future needs.
6. Manage the District in an effective, efficient and fiscally responsible manner.
District Code 1 .05.030 Goals:
1. Manage for Financial Stability and Resiliency
3. Engage with our customers and communities in a welcoming and transparent way to
identify opportunities.
FISCAL IMPACT:
The estimated standby revenue for 2024-2025 is $16K for Electric and $95K for Water,
consistent with budgeted revenue in the approved FY24 Budget.
ATTACHMENTS:
None
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