7. ANNUAL WATER ENTERPRISE FINANCIAL MODEL UPDATE On December 5, 2023, the City Council approved annual water rates effective January 1 of each year, with the final adjustment occurring on January 1, 2028. To ensure annual rate adjustments are consistent with the operating needs of the Water Enterprise, staff completed an annual update to the Water Enterprise Financial Model. - City of Tustin, CA

Meeting: Regular Meeting of the City Council/Closed Session-5:30 pm/Regular Meeting-7:00 pm

Meeting Time: November 19, 2024 at 7:00pm PST

Agenda Item

7. ANNUAL WATER ENTERPRISE FINANCIAL MODEL UPDATE On December 5, 2023, the City Council approved annual water rates effective January 1 of each year, with the final adjustment occurring on January 1, 2028. To ensure annual rate adjustments are consistent with the operating needs of the Water Enterprise, staff completed an annual update to the Water Enterprise Financial Model.