Page 354 - Hurst Adopted FY22 Budget

City Council Staff Report

Funding and Sources and Community Sustainability:

Increased revenues from the 2% increase in utility rates will be used to support the
Fiscal Year 22 budget. Based upon the tenants of the Hurst Way, with particular
focus on financial sustainability, staff worked with a consultant to evaluate our
current budgetary needs, available resources, and revenue sources. Based upon a
thorough analysis and considering our community values of stewardship and
respect, staff looked at every customer class and evaluated the impact upon various
consumption levels within each class and believe the 2% increase is fair to the City,
our utility customers, and those bond holders who have invested in our water and
wastewater infrastructure.

Recommendation:

Staff recommends that the City Council approve Ordinance 2492 including the
proposed Water and Wastewater rates effective October 1, 2021, to be
included in all City utility bills processed on, or after, November 1, 2021.

354