Trends and Present Position - Sewer Fund - Report to Council - Revelstoke's Financial Performance 2002

Sewer Debt

At the date of this report all debt has been extinguished. Therefore, it is not considered necessary to present an analysis of this area at this time.

Sewer Capital Expenditures

As can be seen from the following chart Revelstoke spent on average for the period 1996-2000 less than the average of All Municipalities combined but less than the other communities in the comparison group except Quesnel and Kimberley.

Sewer Reserve and Surplus

Revelstoke’s sewer reserve fund has been depleted over recent years and, at the end of 1998, was all but completely extinguished. As a result of this, residential sewer rates were increased from $125 to $140 per year in 1999 and then to $155 in 2000 with similar percentage increases in commercial rates. The additional revenues generated from this increase have helped to boost the reserve to $597,478 at the end of 2001 in anticipation of future capital projects as detailed in the 10 year plan.

The accumulated sewer operating surplus is shown in the following chart. Revelstoke’s accumulated surplus peaked in 1990 at about $210,000 and declined since then to $73,072 by the end of 2001.

Sewer Rate Burden

The following chart compares Revelstoke’s residential sewer rates with those of the other members of the comparison group. It indicates that Revelstoke’s sewer charges remain competitive with the other communities in the comparison group.

Revelstoke's Utility Charges - Trends

The following table shows the changes in water and sewer charges for residential premises over recent years.