2018-2022 Financial Plan

FINANCIAL PLAN OVERVIEW

Sewer Utility Rates The Sewer Utility pays for regional capital expenditures through an allocation model that essentially spreads rate increases over time to utility ratepayers. Additionally, the utility pays for our local sewer infrastructure and maintenance requirements. The 2018 sewer fees are approximately $370 per property, of which approximately 60% is required for regional costs of wastewater treatment. Any cost impact that new wastewater regulations have on capital investment requirements will be addressed at the regional level with member municipalities paying their respective portions. Implementation of changes to the regional cost allocation formula may be a significant factor in future rate increases. The regional cost for sewer is expected to increase approximately 9% in 2018. By using the reserves that we have built up over the years, the increase that our residents pay can be held to 3.6%.

Recycling Rates The Ridge Meadows Recycling Society (RMRS) is a charitable non-profit organization that provides a range of recycling services. They also provide employment for adults with disabilities. Provincial regulations shifted recycling responsibilities to producers. As a result of the Multi-Materials BC contract, recycling fees remained unchanged between 2013 and 2017. A rate increase of 1.67% is planned for 2018 followed by 2.75% annually in 2019 through 2022; however rates will continue to be reviewed annually.

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