January 4, 2018

2018 Budget and Water Rates

The Board of Water Works Trustees approved a seven percent rate increase for most customers at their regular monthly meeting in October meeting.  The 2018 rate increase equates to an additional $2.18 per month for water charges for the average four-person household (using 7,500 gallons) in Des Moines.  In addition, a five percent increase for the Wholesale With Storage rate was approved.  The rate increases will result in approximately $2.6 million of increased water revenue for 2018.  New water rates will go into effect April 1, 2018.  A complete listing of Des Moines Water Works’ 2018 water rate structure is available at  www.dmww.com/about-us/announcements.

The Board of Trustees subsequently approved the 2018 calendar year budget at their November meeting, which includes revenue from 2018 rate increases for all service areas.  The 2018 budget includes $63.9 million of operating revenue.  The 2018 operating expenses are budgeted at $43.4 million, an increase of $1.7 million from 2017, primarily due to increases in labor and benefits and treatment plant maintenance expenses.  Capital infrastructure costs are budgeted at $33.2 million. In addition to operating and capital expenditures, $4.3 million will be spent on debt repayment.

As the Board moves toward greater investment in the water utility’s infrastructure, rate increases and annual budgets will be more consistent with the challenges of producing and delivering safe drinking water to its 500,000 central Iowa customers.

Posted by: Laura Sarcone 2 Comments
Labels: , , , Posted in Board of Trustees, Rates

2 Responses to “2018 Budget and Water Rates”

  1. March 09, 2018 at 9:11 am, t smalley said:

    this is not SPAM ….its NEWS —> Why would #DesMoines #Democrats want to cut down these trees that are in a flood zone for a music bowl that will sell BOOZE?
    the Trees are only the 3rd LARGEST COLLECTION in the WORLD , 515 283 4944 tell the mayors office HELL NO

    · 180 memorial crab apple trees to be removed from … the collection of 300 varieties of crab apple trees is the third-largest collection in the world

    One of the world’s largest collections of flowering crabapple trees can be found at Water Works Park, and will be in full bloom this week. Visitors may drive or walk through the Arie den Boer Arboretum between the hours of 6:00 a.m. and 10:00 p.m. to view the colorful display of 1,200 crabapple trees, located in the northeast corner of Water Works Park, off of Fleur Drive.

    https://www.youtube.com/watch?v=Ty88qYjiidU

    Reply

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