Town Commissioners Minutes — 2025-04-11
Minutes April 11, 2025 · 1 page(s) in the original
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QUEENSTOWT\ COMMTSSTONERS
WORK SESSION
April llr2025 PRESENT: President Al Hardee, Commissioners Tom Willis & Bryon Callahan, Town Manager Amy Moore, Town Clerk Aaron Horney, Town Engineer Bob Rauch, Finance Chair Pat Bowell WORI( SESSION CALLED TO ORDER AT 2z02Pl..{ The Queenstown Commissioners held a work session for the purpose of meeting with the Town Engineer to review and study water and sewer rates.
Rauch presented several spreadsheets to the Commissioners detailing the following points:
o Two sources of town revenue used in determining ds income- consumption fees and debt service fees.
o Using 2024 as a guideline, average water usage charges approx. $6,229.75lmo. and estimated $74,756.961yt. with actual billed dollars at 872,627.18. Average sewer usage charges approx.
$16,493941mo. and estimated $197,927.23lyr. with actual billed dollars at $192,060.63. Estimated annual combined revenue of $272,684.18.
o s//S usage revenue with Wheatlands Phase 1 of 50 EDUs estimated at $326,108.18.
' Annual debt obligations without Wheatlands $347,499.95. Annual revenue at current debt service rates $241,380.00. Yearly deficit of S106,119.95. Debt service rates would need net increase of $19.78/mo. (44% increase) to close deficit.
o Annual debt obligations with Wheatlands Phase 1 of 50 EDUs $347,499.95. Annual revenue at current debt service rates $268,380.00. Yearly deficit of $79,119.95. Debt service rates would need net increase of $r3.27|mo. (29% increase) to close deficit.
' s/S expenses FY2025 budget $552,200.00. FY2026 estimated budget $612,420.00 (10% increase) ' FY2026 Budget assuming no usage from Wheatlands using current usage rates: Water/sewer usage revenues $272,684.19. Debt service fee revenue if adjusted to cover town debt: $347,4gg.g5.
Enterprise fund reimbursement revenue $29,556.62. Total W/S revenues $649,740.75, Total w/S expenses $959,919.95- deficit of $310,179.19. Would need $57.83 per month/per EDU (48%) increase to close deficit.
o FY2026 Budget assuming usage from Wheatlands using current usage rates and debt payment for l:
Phase Water/sewer usage revenues $326,108.19. Debt service fee revenue if adjuti"d to cover town debt: $347,499.95. Enterprise fund reimbursement revenue $29,556.62. Total w/S revenues $703,164.75, Total W/S expenses $959,919.95- deficit of $256,755:19. Would need $47.87 per month/per EDU Q7%) increase to close deficit.
Pres. Hardee questioned if any rate increases could be worked in over several years or after Wheatlands is on-line. Rauch stated he is working on several scenarios to this effect. Aso noted that payments Wheatlands would be making that would go towards the water tower/watermain USDA loan for work done to their benefit would reduce Town's total amount due for the loan and those numbers haven't been
incorporated into the data presented today- Rauch will work on including those numbers into the data and see where everything is at then. Will come back with updated information for Commissioners. Also stated Town is and would still have a low billing rate to mean household income ratio- will look into what other towns are comparatively and present information on this to the Commissioners as well.
There being no further discussion, Callahan motion to ad.journ the work session at 3:04pm. Willis second. VOTE: 3 aye - 0 nay.