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Commissioners debate applying $42,002 annual administrative fee to Fund 28; concerns about depleting balance
Summary
Auditor's study proposed an annual administrative fee for Fund 28 of about $42,002; commissioners expressed concern that applying the full retrospective charge would nearly deplete the fund and discussed alternatives including a phased fee, rate study, or not retroactively rebilling.
Chair (Speaker 2) introduced discussion about establishing administrative fees for several special funds, and Carrie (Speaker 7) summarized the study methodology that yields an annual allocation for Fund 28. "So the amount would be... The $42,002.32," Carrie (Speaker 7) said while reviewing the calculation for the committee. Commissioners raised concerns that applying a one-time retrospective charge would effectively empty the fund balance and could require rate changes or a formal study before any fee is applied.
Commissioners asked staff to provide clearer cash-balance numbers and the interest assumptions used in the study before making a decision. Multiple commissioners recommended further review outside the formal meeting and suggested a phased approach or updated rate study to avoid abrupt financial pressure on utility operations.
