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Board hears 15‑year financial plan: 4.5% annual rate forecast, SRF/WIFIA loans and $5 monthly lead‑loan fee proposed
Summary
Staff and consultant Stantec presented a multi‑year financial plan for Englewood’s water and sewer funds that relies on WIFIA and SRF loans, projects about $100 million in capital work over five years, and forecasts 4.5% annual rate increases plus a $5 monthly drinking water loan fee to fund lead line replacement.
The Englewood Water and Sewer Board received a detailed financial planning briefing on May 12 outlining revenue, rate and borrowing strategies to fund an accelerated capital program including a lead‑service line replacement effort.
Peter (staff) introduced Stantec financial modeling consultant Carol Moleski, who reviewed the planning framework the utility uses to match revenue with obligations. Moleski said the analysis asks three core questions: how much revenue is needed, from whom to collect it, and how to collect it. She described revenue requirements as covering operations and maintenance, debt service, minimum operating reserves and capital improvements.
Staff described a multi‑pronged funding approach combining rates, a…
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