|
YLWD Opts NOT to Raise Rates
,,"following an hour-long "contusing and fact-free discussion"
Opinion
______________________________
Finally some good news from the Yorba Linda Water Board of Directors.
Yesterday afternoon, after a confusing and fact-free discussion by the Directors, the Board unanimously (4-0) decided to put off a Rate Study to increase Water Rates by more than the currently allowed 9.9% and 15.0% for Sewer Rates.
The delay is likely to be for one year.
#1 - Inflation and Infrastructure Blamed for Increase
One Director said that Yorba Linda citizens just don't understand how much inflation and infrastructure are costing (despite ALL of the relevant financial facts being available on the Internet not to mention the water bill received every month).
#2 - More Analysis Needed
Another Director asked staff to analyze how inflation was the causing financial distress for the district despite the fact the year end profit and loss statement (June 2023) shows record revenue ($46.2 million), profits ($9.6 million) and reserves ($46.5 million).
#3 - Increase of Water Costs Needed
A third Director said he just wanted to increase the cost of ONLY the water sold and can't we get a study on just that part of the operation?
#4 - Another Rate Study?
A fourth Director asked, why do we need another Rate Study when this one is good for 2 more years? (The was a perfect question, actually.)
#5 - Director Absent
The fifth Director was absent. Reminds me of the cliche, better to be quiet/absent and thought a fool than be there and prove it.
The Bad News
The bad news included the General Manager and Finance Chief presenting an executive summary justifying a new Rate Study that was filled with inaccurate, misleading and false information.
The Worst Question and Best Answer:
Board Member Question: Why are we looking at doing another Rate Study?
General Manager Answer: Because you asked staff to prepare this request!
As Mark Twain said, "People who love sausage
and respect the law should never watch either being made."
Al Nederhood
|