Current Year: 2024
Year Reporting for: 2023
Village of Loon Lake
Date: July 19, 2024
WATERWORKS RATE POLICY
May 30, 2024, the Village of Loon Lake Council passed bylaw 04-2024 a Bylaw to Fix the Rates to Be Charged for the Use and Consumption of Water and to Fix the Rates to be Charged by Way of Rent or Service Charge for Sewer to charge the Loon Lake Fire Department a flat rate of $200.00 per month for water usage.
December 7, 2023, the Village of Loon Lake Council passed 07-2023 a Bylaw to Fix the Rates to Be Charged for the Use and Consumption of Water and to Fix the Rates to be Charged by Way of Rent or Service Charge for Sewer. This bylaw increased the rate of the deposit from $120 to $160 for new accounts. It also made the $20.00 monthly capital surcharge payable year-round on any property connected to the water/sewer utility regardless of if the service is shut off or not.
June 2, 2022, Council passed bylaw 01-2022 a Bylaw of the Village of Loon Lake to Fix the Rates to Be Charged for the Use and Consumption of Water and to Fix the Rates to be Charged by Way of Rent or Service Charge for Sewer. The water rates of $25.00 for the first 1000 gallons of water and $0.0175 per gallon for any additional water use thereafter were established, as adopted under the Water Bylaw, dated June 2, 2022.
The objective of the Water Rate Policy 800-01 is that the Village of Loon Lake implement a Reverse Osmosis system to meet the standards of Saskatchewan Environment which was completed. The policy of the Village of Loon Lake is to ensure the costs of maintaining the water treatment plant are paid by fees charged for the service.
June 2, 2022, Council passed a bylaw to increase the month infrastructure fee from $10.00 per month to $20.00 per month to assist with making the Village of Loon Lake’s water/sewer system more sustainable. Any portion of infrastructure fee charged that is not used for capital expenditures will be placed in a utility reserve for future upgrades to water plant and/or water distribution lines.
WATERWORKS CAPITAL INVESTMENT STRATEGY
The objective of the waterworks capital investment strategy is to maintain the system to provide safe drinking water to the residents of The Village of Loon Lake. To cover the cost of future infrastructure the Council may have to increase rates as needed. Capital plans are being looked at for the future.
ANNUAL WATERWORKS FINANCIAL OVERVIEW
The following is information on the waterworks, as required under The Municipalities Regulations:
2023 Waterworks Overview:
Total waterworks revenue: $219,258
Total waterworks expenditures: $204,244
Total debt payments on waterworks infrastructure loans: $ 0
Comparison of waterworks revenues to expenditures plus debt payments, expressed as a ratio:
$219,258 = 1.07
$204,244
The following additional information is available at the Municipal Office on the waterworks:
- 2023 financial overview of the waterworks
Collected numbers from the 2023 Audited Statement and 2023 General Ledger