FY 18 Annual Report

Combined Sewer Initiative Surcharge In July 2008, the City Council adopted a $5.00 per month per account Combined Sewer Initiative Surcharge. The purpose of the fee was to provide revenue to assist in offsetting a portion of the costs of eliminating the combined sewer systems in the City of Spencer. The CSI Surcharge was to be evaluated every three years and upon completion of the separation projects and upon retirement of all debt associated with the projects, the surcharge will be removed. In January 2011, the City Council increased the monthly surcharge amount to $10.00 per month per account. The revenue generated by the CSI Surcharge is used by the City to pay the principal and interest sewer related debt. The City increased this fee from $10 per month to $16.25 per month over a five year period beginning July 1, 2015 to help cover upcoming projects to the plant and collection system.

CSI Annual Revenue and Monthly User Fee

$- $100,000.00 $200,000.00 $300,000.00 $400,000.00 $500,000.00 $600,000.00 $700,000.00 $800,000.00 $900,000.00

$10.00 $12.00 $14.00 $16.00

$- $2.00 $4.00 $6.00 $8.00

FY 12-13

FY 13-14

FY 14-15

FY 15-16

FY 16-17

FY 17-18

Revenue

$559,588.81

$563,204.09

$564,240.00

$634,100.49

$712,770.43

$783,832.50

Monthly Rate

$10.00

$10.00

$11.25

$12.50

$13.75

$15.00

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