Page 30 - CityofLakeWorthFY26AdoptedBudget

For Fiscal Year 2025–2026, staff concluded that no increase is needed for the Ready

for Service fees, which will remain at:

$15.00 per month for residential water accounts

$27.50 per month for commercial water accounts

$20.00 per month for residential sewer accounts
$30.25 per month for commercial sewer accounts

To maintain alignment with cost trends and inflationary pressures, the following

modest adjustments are proposed:

Water Rates: A 1% increase to the base usage rate, generating an estimated

$21,154 in additional revenue.

Sewer Rates: A 1% increase to the base usage rate, generating an estimated $13,632 in

additional revenue.

These rate adjustments are anticipated to help sustain service levels, support routine
system maintenance, and plan for future capital needs without significantly burdening

customers.

Additionally, to ensure appropriate cost allocation and support general city operations

that contribute to utility services, the proposed budget includes an administrative
transfer from the Water/Sewer Fund to the General Fund in the amount of $158,651,

based on a 5% administrative fee. This transfer compensates the General Fund for

shared services such as finance, human resources, legal support, and general
administration that benefit utility operations.

Through these careful evaluations and conservative financial management practices,
the City of Lake Worth continues to ensure the financial health and long-term viability

of its water and sewer utility system while prioritizing transparency and fairness for
all utility customers.