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Sewer fund workshop flags 2027 revenue gap; city outlines rate-scenarios and asset needs
Summary
Staff told the council that the sewer enterprise fund faces rising O&M and capital costs and that, under current projections, the fund may be unable to finance capital improvements or meet reserve policy by 2027; the presentation showed scenarios including a five-year 6% rate plan to maintain covenant coverage.
At an Aug. 19 workshop, Public Works staff presented a financial overview of Riverside's sewer enterprise fund and wastewater system, warning council that ongoing inflation in chemicals, biosolids disposal and construction has strained operating budgets and deferred capital needs.
Ed Philadelphia, presenting for the Department of Public Works, said the sewer system serves roughly 100,000 customers in the city and three community service districts and that treatment and collection assets are aging: an average system age of approximately 50 years with many segments more than 50 years old…
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