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Water system review: rate increase, impact-fee receipts and shared well repair planned
Summary
Staff reported the city has collected more water revenue than expected this year, discussed use of impact fees and capital reserves, and said Woodland Hills must cover 40% of repair costs for a shared well with Salem City after casing damage was discovered.
Woodland Hills staff updated the committee on water revenues, impact-fee activity and a shared well that needs repair.
Chris (finance staff member) said the water fund has collected about 72% of its budget at the 58.33% point in the year, reflecting the rate increase adopted earlier to help cover bonding for line replacement. “Once again, 58.33% of the year, we’ve collected 72% of our budget,” he said.
Staff noted impact fees and nonoperating income fluctuate; income designated for system expansions typically goes to a savings account for future tanks or debt service. Chris said the…
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