General Manager's Corner
As you may have read in the July billing insert or on the website, SSWD recently completed a Water Rate Study (Rate Study), which is a detailed review of the cost and the rates needed to support delivery of safe, high-quality and reliable water service.
The Board of Directors retained Raftelis Financial Consultants to conduct the Rate Study. They are an independent financial consulting firm with extensive experience working with utilities. Raftelis conducted an in-depth review of the District’s current revenues, operation and maintenance costs, capital investment plan and financial reserves during the study.
Raftelis determined that the District’s income and planned expenses are well balanced and managed and recommends a small rate increase of 3 to 5 percent in each of the next 5 years to primarily cover the costs of inflation.