Laserfiche WebLink
against this course of action at least until the rate consultants <br />complete their work. The scope of services for the new Rate Study <br />includes the consultants reviewing the electric system's Five Year <br />Capital Improvement Plan, evaluating the effects of alternative <br />capital funding strategies on future revenue requirements, debt <br />service, and rate sufficiency over the next five years, and <br />assisting the City with developing appropriate capital funding <br />strategies based on standard industry practices. The contract for <br />the new Rate Study will be awarded in the near future, and Staff <br />expects that Rate Study to be complete in March or April of 2015. <br />Other measures include potential reductions in customer service <br />spending, technology improvements, and possible outsourcing of some <br />functions. These measures will be addressed in an `Optimization <br />Study" for which the City has issued a Request for Proposals. <br />Tentatively, Staff believes that the Optimization Study should be <br />complete in the May -June 2015 time frame. <br />Thank you again for the opportunity to be of service to the <br />City of Vero Beach and your citizens. I look forward to seeing you <br />again soon. If you have any questions, please call me any time. <br />Attachments <br />COPIES: CINDY LAWSON, FINANCE DIRECTOR <br />TOM RICHARDS, ELECTRIC UTILITIES DIRECTOR <br />5 <br />