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Staff: water and wastewater reserves healthy through 2032; stormwater may need future attention
Summary
Graham Clark told the FLOW committee that water and wastewater reserves are projected to meet or exceed the 180‑day benchmark through 2032, while stormwater reserves could fall below that benchmark later in the forecast, prompting discussion of potential rate adjustments, project timing changes, or interfund loans.
Graham Clark presented a financial review showing that, under current projections, the water and wastewater funds would remain financially healthy with reserves generally meeting or exceeding the industry benchmark of 180 days of operating cash on hand through 2032. He cautioned that stormwater reserves are projected to decline below that benchmark later in the forecast period and will likely require further attention.
The group discussed possible responses including shifting project timing, making interfund loans, or adopting future stormwater rate adjustments. Committee members urged documenting reserve levels and long‑term capital needs in the formal recommendation to City Council so elected officials can assess tradeoffs and timing.
