Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Drought, timing and frozen positions left Herriman’s water fund stronger than projected; staff proposes smoothing future increases
Summary
Staff reported FY25 water‑fund results were about $5.6M better than the adopted model (drought‑driven higher consumption, interest and slower capital spending) and recommended a smoothing option that would spread available appropriations over multiple years (roughly a 6.5% annual increase scenario) while funding a six‑month reserve.
Speaker 9 (water/staff presenter) briefed the council on the water‑fund five‑year model, FY25 performance and recommended rate‑setting scenarios. He reminded council that in March 2024 the fee/rate study recommended a 16.3% increase for fiscal 2025 (that recommendation accounted for delayed timing) and that council had implemented a 13% increase when the change was delayed until November.
Staff reported FY25 rate revenue outperformed the model by…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
