Amendment to Agreement No. 2015-30 with Raftelis Financial Consultants, Inc. for Water and Wastewater Rate Studies (City, CSD) Recommendation : Authorize the City/District Manager to sign the thirteenth Amendment to Agreement No. 2015-30 in the amount of $56,832 for Professional Services with Raftelis Financial Consultants, Inc. to conduct a Water and Wastewater Rate Study for the City of Camarillo and the Camarillo Sanitary District.

Summary

The City Council and Camarillo Sanitary District (CSD) are considering a thirteenth amendment to their agreement with Raftelis Financial Consultants, Inc. (RFC). This amendment, for $56,832, will fund RFC to update the financial plans for the City's Water and Wastewater utilities and the CSD. The study will refine long-range financial projections, evaluate future capital scenarios, incorporate updated water supply and demand data, and analyze mid-year financial information. Additionally, RFC will conduct a miscellaneous fee study to determine the actual costs of administrative and service tasks, updating the fee schedule accordingly. The total not-to-exceed amount for the agreement, as amended, will be $882,333.

Citizen Impact

This agreement amendment will fund a study to update water and wastewater rate structures and administrative fees. Residents may see changes to their utility bills in the future based on the study's recommendations for cost recovery and financial planning.

Confidence

high