On September 11, 2018, (M&C G-19364), the City Council approved the FY2019 wholesale rates calculated under the terms of the uniform wholesale customer contracts to recover the cost of providing wholesale water and wastewater services. An element of the cost of service for both water and wastewater is the Payment in Lieu of Taxes (PILOT), which by contract is calculated based on the utility's net asset base and the Fort Worth adopted property tax rate.
The FY2019 wholesale water and wastewater volume service rates adopted on September 11, 2018 were calculated incorporating a PILOT cost that used a tax rate of $0.790 / $100 of valuation. Subsequently, the City Council adopted a tax rate of $0.7850 / $100 of valuation that decreased the PILOT cost. In accordance with the terms of the uniform wholesale customer contracts, new volume rates have been calculated and are presented below:
| FY2019 (Adopted 9/11/18)
| FY2019 Amended | Water Volume Base Rate ($ per 1,000 gallons) | $1.0715 | $1.0712 | Wastewater Volume ($ per 1,000 gallons) | $1.3712 | $1.3710 |
This M&C does not request approval of a contract with a business entity. |