SR-502-001-01 (6)
F:\budget\share\annual budget\0506\srresolutions
Council Meeting: June 28, 2005 Santa Monica, California
TO: Mayor and City Council
FROM: City Staff
SUBJECT: Adoption of Resolutions for New Water and Solid Waste Rates
INTRODUCTION
This report recommends that the City Council adopt two resolutions establishing water and
solid waste rates as approved on June 21, 2005. The resolutions establish a 6% water
rate increase and a 10% solid waste rate increase, inclusive of CPI, effective July 1, 2005.
BACKGROUND
On June 21, 2005 City Council approved increased water and solid waste rates for
FY2005-06 to address a projected fund balance gap. Approvals were granted on
condition that rate studies be conducted during the fiscal year. The water study is to
include consideration of tier and cost options that would provide incentives for
conservation. The solid waste study is to include a program cost and revenue analysis
and address sustainability goals.
BUDGET/FINANCIAL IMPACT
The approved rate increases will benefit Water and Solid Waste Fund revenues. The
water rate increase will modestly increase Utility User Tax revenue. The impact of these
rate increases are included in the FY2005-06 Adopted Budget.
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RECOMMENDATION
It is recommended that the City Council adopt the attached resolutions establishing new
water and solid waste rates.
Prepared by: Steve Stark, Finance Director/City Treasurer
Craig Perkins, Director of Environmental and Public Works
Management
Attachments:
A) Resolution of the City Council of the City of Santa Monica
(See adopted Resolution No.
Setting Water Rates and Fees
10054 (CCS).
B) Resolution of the City Council of the City of Santa Monica
(See adopted
Setting Solid Waste Rates and Fees
Resolution No. 10053(CCS).
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