| | | | | | | | City of Bainbridge Island
City Council Agenda Bill |  | | PROCESS INFORMATION | | Subject: 7:35 PM Ordinance No. 2017-23, Providing for No Automatic Annual Fee Adjustment to the City's Water Utility Rates for 2018, AB 17-162 - Finance (Pg. 85) | Date: 9/19/2017 | | Agenda Item: NEW BUSINESS | Bill No.: 17-162 | | Proposed By: Ellen Schroer, Finance Director | Referrals(s): |
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| | | | | | | | | BUDGET INFORMATION | | Department: Finance | Fund: Water Fund
| | Expenditure Req: | Budgeted? Yes | Budget Amend. Req? No |
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| | | | | | | | | REFERRALS/REVIEW | :
| Recommendation: | | City Manager: Yes | Legal: Yes | Finance: Yes |
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| | | | | | | | | DESCRIPTION/BACKGROUND | Section 13.16.060 of the Bainbridge Island Municipal Code provides for an annual automatic rate increase equal to the annual percentage increase in the United States Consumer Price Index, All Urban Consumers (CPI-U) for November of the preceding year, unless the City Council determines by December 31st of any year that the adjustment shall be another amount or shall not occur for the next year.
The budget proposed for 2018 does not assume an increase to the water utility rates.
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| | | | | | | | RECOMMENDED ACTION/MOTION
I move that the City Council forward to the September 26, 2017, consent agenda Ordinance No. 2017-23, providing for no automatic annual adjustment to water utility rates for 2018. |
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