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Findlay committee recommends updated water, sewer rules to formalize quarterly rate-review process
Summary
The Findlay City Water and Sewer Committee recommended adoption of revised water and sewer rules that add a Q3 pro forma review to guide rate-change recommendations. Committee members also discussed multi‑year pro formas for bond rating purposes, inflation assumptions and the timing of a city master plan and long‑term control plan.
The Findlay City Water and Sewer Committee on an unanimous voice vote recommended that the City Council adopt updated water and sewer rules that formalize a third‑quarter pro forma review and clarify how rate changes are proposed and advanced.
The committee’s revisions insert a required administration presentation each third quarter that summarizes fund health, operating and capital needs, and—when appropriate—presents recommended rate changes for the committee to debate before any legislation or administrative change is made.
Why it matters: the changes set a repeatable, documented process so rate recommendations and underlying financial modeling are visible to the committee and to council. Committee members emphasized that multi‑year pro formas should be prepared when recommending rates so finance staff and potential bond underwriters can see the projected carryforwards and reserve impacts beyond the initial year.
The update makes the procedure for water and sewer parallel through the pro‑forma review but preserves a legal distinction under the Ohio Revised Code (ORC): administration retains authority to change water rates under existing ORC…
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