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City sees early warning from new Waterworth rate-modeling tool; council urged to consider 'micro adjustments'
Summary
Consultants demonstrated Waterworth, a dynamic rate-modeling tool for the city’s water and wastewater funds. The software uses real meter and accounting data to project operating expenses, capital needs and reserves to 2047; staff said it shows the city would miss its self-imposed 35% reserve threshold by 2031 if no adjustments are made.
The city heard a demonstration of Waterworth, a dynamic water and wastewater rate-modeling system, during the council meeting. Mr. O'Brien, the consultant presenting the product, said the tool uses real accounting and meter data to project expenses, revenues and rates into the future.
The system ‘‘allows us to dynamically do that and adjust the rate increases off into the future, real time,’’ O'Brien said, describing the ability to model stepped or smooth rate scenarios and to keep reserves within target bands.
Why it matters: the demonstration showed…
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