Archive for October, 2013October 28, 2013
The Board of Water Works Trustees has proposed Des Moines Water Works’ 2014 calendar year budget, which includes rate increases for Des Moines, total service, and wholesale water customers. The rate increases, approved by the Board in October, reflect a 4% increase for wholesale customers and a 5% increase for Des Moines and total service customers. The 5% rate increase for a four-person household inside Des Moines equates to an increase of about $0.75 per month.
The rate increases will result in approximately $1.3 million of increased water revenue for 2014. Des Moines Water Works had a zero rate increase last year; however, as the Board moves toward greater investment in the water utility’s infrastructure, rate increases will be more consistent with the challenges of producing and delivering quality water. For example, Des Moines Water Works experienced a significant cost of approximately $900,000 in 2013 to remove nitrate from drinking water, a cost that unfortunately has been passed on to ratepayers.
The proposed 2014 budget includes $52.2 million of operating revenue. Operating expenses are budgeted at $35.2 million, while capital infrastructure costs are budgeted at $16.1 million.
The Board of Water Works Trustees will hold a public hearing for the proposed 2014 budget on Tuesday, November 26, 2013, at 3:30 p.m. at Des Moines Water Works’ general office, located at 2201 George Flagg Parkway, in Des Moines.
New water rates will go into effect April 1, 2014. For a complete listing of Des Moines Water Works’ 2014 water rate structure, visit www.dmww.com/about-us/announcements.
For more information on where your water rates go, view this video: