Water Sewer Rate Study Service

The Town of Lexington, Massachusetts, is seeking professional consulting services to examine and analyze its current water and sewer enterprise fund financial condition and utility rate structure. The agency needs to ensure long-term financial stability for these funds, covering both operations and capital investment. To solve these challenges, the agency requires a modified rate structure that reflects town priorities and a transition plan to migrate billing from a semi-annual to a quarterly schedule. The scope of work covers a comprehensive review of the water-sewer budget and actual expenses for prior years, projected operational expenses, capital spending, long-term plans, debt service, reserve levels, and revenue collections. The selected partner must identify and document all current revenue streams and rates for the town water and sewer enterprise funds. Additionally, the project requires identifying and analyzing all related costs associated with providing these services, including personnel, operating expenses, capital investment, debt service, and indirect charges. Eligibility is restricted to onshore organizations based in the United States. The agency requires the performance of all work to be conducted offsite. The agency is currently looking for proposals to establish the budget, and no specific key dates or evaluation criteria are provided in the sourcing details.