During 2012, District staff and consultants from Science Applications International Corporation (SAIC) started a review of the District’s long-term financial plan to determine if revenues are sufficient to ensure future financial health.  As in the past, the project has three phases that consist of a Cost of Service Study, Equity Management Plan and Rate Study.

 

In December, the Board of Commissioners (the Board) was presented with a preliminary draft of the Equity Management Plan (EMP).  Due to the large rate impacts presented in the draft, the Board wanted to involve some community members in the process.  The EMP review panel included eight members of the community in an effort to do two things:  help educate the community on our long-term plans and finances and provide feedback from the community regarding PUD finances and rates.  Panel members were selected by the Board with input from staff.

 

After several meetings between SAIC, staff, and members of the panel, the Board met with the group in a workshop on April 23^rd to discuss these scenarios and get additional input.  The Board will continue to discuss the EMP and rates at future meetings.  Proposed rates will be developed and meetings will be held for staff and the public.  Eventually the Board will approve new rates.  The goal was to have the new rates effective July 1, 2013, but October 1, 2013 may be more realistic.

 

Links to information provided regarding the EMP and rates presented at the District’s Board meetings are provided below for your convenience.

 

December 18, 2012 - Board of Commissioners Meeting:

April 23, 2013 – Board of Commissioners Workshop: