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City updates indirect cost allocation; $7.9M allocated to Water Sewer Fund from general‑fund support services
Summary
An updated indirect cost allocation completed in 2024 allocates about $33.6 million of general‑fund support costs across city departments, with $7.9 million assigned to the Water Sewer Fund; the study will be used to set FY2026 indirect charges included in the utility rates.
City staff and consultants described an updated indirect cost allocation study at the finance committee hearing, explaining that the city revalidated how general‑fund support services are charged to enterprise funds. The Office of Management and Budget used FY2025 budgets as a baseline and applied department‑level cost drivers to allocate support costs.
Why it matters: Indirect costs are part of the Water Sewer Fund’s O&M budget and feed into rate calculations. The updated analysis allocated roughly $33.6 million in general‑fund support costs across 42 direct divisions; about $7.9 million was allocated to Water Sewer Fund direct divisions, an increase…
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