City Council

7. ANNUAL WATER ENTERPRISE FINANCIAL MODEL UPDATE On\nDecember 5, 2023, the City Council approved annual water rates effective\nJanuary 1 of each year, with the final adjustment occurring on January 1,\n2028. To ensure annual rate adjustments are consistent with the operating\nneeds of the Water Enterprise, staff completed an annual update to the\nWater Enterprise Financial Model.\nRecommendation: That the City Council receive and file this report.Fiscal\nImpact: There is no fiscal impact associated with this item.