Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Approve a Ten-Year Water Rate Study Agreement With Willdan Energy Solutions
Summary
COUNCIL GOAL: Financially Sound Government
MEETING DATE: September 5th, 2023
DEPARTMENT: Financial Services
CONTACT: Mark Holloway, Chief Financial Officer
RECOMMENDED CITY COUNCIL ACTION:
• Approve resolution
ITEM SUMMARY:
• The attached resolution authorizes the City Manager to approve of a ten-year Water Rate Study with Willdan Energy Solutions
BACKGROUND INFORMATION:
• Earlier this year the City of McKinney commissioned a ten-year rate study with Willdan Energy Solutions to analyze water and wastewater rates within City’s corporate limits and its ETJ.
• Willdan provided a Financial Forecast and recommended Water and Wastewater rates for the next ten years for the City.
• Willdan presented their findings and recommendations to the City Council on August 11th, 2023.
FINANCIAL SUMMARY:
• For the upcoming fiscal year, FY2024, the Rate Study was used to assist the City in determining the appropriate rates for both Water and Wastewater.
BOARD OR COMMISSION RECOMMENDATION:
• N/A