The Edgerton City Council approved the annual rate study update at their April 9 meeting.
This is the fourth year Edgerton has done a rate study. “The city wants to make sure that we are keeping up with demand, maintaining the infrastructure and paying our bills,” said Kara Banks,, public information officer. The information gleaned from the study will be used to help set the annual budget, and the study results will be reviewed at a work session in May.
In 2015, Edgerton contracted with Raftelis Financial Consultants to conduct a comprehensive rate study for the city’s water and sewer utilties. Raftelis has completed updates to that initial rate study in 2017, 2018 and 2019.
The update process involves updating the billing data, cost data, etc., in order to update the financial plans, and, ultimately providing a recommendation on rates. Edgerton then uses the rate study information in development of the water and sewer utility budgets each year.
The cost of the 2020 rate study is $15,400. Of the $15,400, $4,340 is related to the wholesale sewer rate, which is charged to the City of Gardner. The agreement provides that the final report will be presented to council at the utility budget work session on May 28, 2020.
Two executive sessions were held at the meeting: one for consultation with an attorney for contract negotiations and the other for consultation with an attorney for the purpose of pending litigation. Banks said no motion was made following the sessions.