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Capital Works

In 1991 we increased rates to get capital replacements back on track, unfortunately as
mentioned above we experienced much greater maintenance costs than expected, as a
resuit the funds expected to be available for capital were redirected to solve the
maintenance problem. A significant portion of the rate increase will be aimed at providing

funds for capital replacements.
Projected works for 1992 and 1993 are shown on the schedule.

User fees

Existing flat rate user fees will increase in 1992 from $8.00 per month te $10.00 per
month and other rates covered in the bylaw will increase proportionally.

Senior Crazen rate worver

The budget and rates are calculated on the assumption that the existing waiver will be
extended to new rates, at roughly the same percentage as the current waiver provides. The
current waiver is 21% of rates and the proposed waiver would be 20% of rates.

SEWER UTILITY

A proposed budget for 1992 for the Sewer Utility is attached and is based upon the
continuation of the same operation as in 1991, Also included on this schedule is an
estimated 1993 budget which ig stated in 1992 dollars but reflects known or expected
increases in costs such as debt charges, GVS&DD rates and capital requirements.

The projected increases in the GVS&DD levy resulting from their long range plan will
substantially effect the size or our sewer bill. In 1991 this GVS&DD levy represented
roughly $46 of our $95 bill (net of discount), their charge will increase from the $46 to
$144 in 1997 (in 1991 dollars, ie no inflation).

The major increase in costs is the GVS&DD levy which is based upon their proposed
capital plan and our costs will increase by approximately $224,000 with a further
projected increase of $322,000 for 1993.

One major revenue shortage was in the ammount projected from the Provincial government
regarding their debt assistance program which is being phased out. Under terms of the
program we receive a grant relating to @ portion or our debt which reduces as our
assessments increase. In 1991 our assessments increased substantially raore than .
expected, therefore we received less grant than expected. Under this same program we
receive the same grant for debt charges incurred by the GVRD on our behalf, in 1991 the
portion of the GVRB billing relating to debt went down which I did not expect. Our debt
is fully repaid in 1992 therefore this (1992) is the last year we will receive anything under
this program. TE