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10 • FINANCIALSouth Texas Water Authority (Kleberg County)

Raftelis Rate Study.

Presented in: Board of Directors Regular Meeting - October 24, 2023 on 2023-10-24
Meeting Agenda PDF

Official Roll-Call Vote

Expands Gov't • 2.8/10 Impact Weight
PASSED (6 - 0)
“accept the proposal for Phase 3 of the Raftelis Rate Study”
BB
Brandon Barrera
President
ABSENT
JM
YES
IG
Imelda Garza
Secretary/Treasurer
YES
FG
Frances Garcia
Vice-President
YES
AN
YES
JM
Joe Morales
Director, Place 3
YES
DM
Daniel Morales
Director, Place 4
ABSENT
AR
Arturo Rodriguez
Director, Place 5
YES
PA
Patsy A. Rodgers
Director, Place 1
ABSENT
TL
Tanya Lawhon
Director, Place 2
ABSENT

Staff Report & Agenda Item Details

Raftelis Rate Study. • Review of Corpus Christi Rate Model • Phase 3 - Rate and Financial Planning Study Ms. Angie Flores of Raftelis reviewed the study on the Corpus Christi Rate Model. She stated that the City of Corpus Christi hired another consultant to develop a new rate model which follows the previous version pretty closely. She stated that the increase in operations and maintenance costs was due primarily to chemical costs. She repotted that the city's rates have been adopted and are projected to continue increasing through FY 2027. She then discussed Phase 3 of the rate study which involves examining STWA's overall revenue requirements in addition to what is paid to Corpus Christi to determine proper rates for STW A's wholesale customers. Ms. Pena made a motion to accept the proposal for Phase 3 of the Raftelis Rate Study. Mr. Morales seconded and the motion passed by unanimous vote.

Bastiat Liberty & Property Rights Analysis

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 2.8/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).