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HomeMy WebLinkAboutOrdinance 6994Page 1 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Ordinance: 6994 File Number: 2026-1386 AN ORDINANCE TO AMEND § 51.136 MONTHLY WATER RATES, §51.137 MONTHLY SEWER RATES, AND §159.02 WATER AND WASTEWATER IMPACT FEES TO CHANGE WATER AND SEWER RATES AS RECOMMENDED BY THE COST OF SERVICE STUDY CONDUCTED BY CAROLLO ENGINEERS WHEREAS, the City of Fayetteville’s current water and sewer rates were adopted in 2023 based on a Cost of Service Study conducted by Black & Veatch Engineers; and WHEREAS, on May 6, 2025, the City Council approved Resolution 119-25 authorizing a contract with Carollo Engineers for an updated Cost of Service Study; and WHEREAS, since the 2023 study, the City has experienced consistent growth in both population and water use and anticipates continued growth into the future; and WHEREAS, the City’s cost to deliver water from the Beaver Water District to our customers has increased and will continue to increase because of the construction and operation of the necessary ninety million dollar large transmission line into Benton County to receive the water and many other transmission and storage costs; and WHEREAS, the City’s cost to purchase water from the Beaver Water District has and will continue to increase because of recent and impending water rate increases imposed by the Beaver Water District; and WHEREAS, the City’s costs to efficiently operate over two wastewater plants, numerous lift stations, and miles of sewer piping continue to rise, necessitating an increase of revenue to fund these operations, maintenance, and improvements. WHEREAS, the City Council has determined, after the public hearing required by Ark. Code Ann. § 14-235-223, that the proposed rate changes reflecting the true cost of service should be adopted and that the new rates shall take effect on July 1, 2026. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby repeals § 51.136 Monthly Water Rates and enacts a replacement § 51.136 Monthly Water Rates as shown in Exhibit A, attached hereto. Section 2: That the City Council of the City of Fayetteville, Arkansas hereby repeals § 51.137 Monthly Sewer Rates and enacts a replacement § 51.137 Monthly Sewer Rates as shown in Exhibit A, attached hereto. Section 3: That the City Council of the City of Fayetteville, Arkansas hereby repeals § 159.02 Water and Wastewater Impact Fees and enacts a replacement § 159.02 Water and Wastewater Impact Fees as shown in Exhibit B, attached Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Ordinance: 6994 File Number: 2026-1386 Page 2 hereto. PASSED and APPROVED on May 5, 2026 Approved: _______________________________ Molly Rawn, Mayor Attest: _______________________________ Kara Paxton, City Clerk Treasurer This publication was paid for by the City Clerk-Treasurer of the City of Fayetteville, Arkansas. Amount Paid: $206.72 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Additional Information Received Date Received: MM/DD/YYYY 05/05/2026 Time: 00:00 (AM/PM) 5:30 PM From: Name & Title Senior Assistant City Attorney Blake Pennington To: Name & Title City Council Agenda Meeting Date: MM/DD/YYYY 05/05/2026 Civic Clerk Number: Ex. 2025-994 2026-1386 Forwarded to City Attorney’s Office and Department Head Received documentation from the City Attorney’s Office Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Mailing address: 113 W. Mountain Street Fayetteville, AR 72701 www.fayetteville-ar.gov CITY COUNCIL MEMO 2026-1386 MEETING OF MAY 5, 2026 TO: Mayor Rawn and City Council THROUGH: Keith Macedo, Chief of Staff Steven Dotson, Chief Financial Officer FROM: Tim Nyander, Utilities Director SUBJECT: 2026 Water & Sewer Rate & Impact Fee Study RECOMMENDATION: Staff recommends approval of an ordinance to change the water and sewer rates and Impact Fees based on a Cost of Service Study conducted by Carollo Engineers as presented to the Water and Sewer Committee in open meetings. These recommended rates are reflected in the attached replacement for sections 51.136, 51.137, and 159.02 of the Fayetteville City Code. BACKGROUND: The City of Fayetteville has been conducting a water and sewer rate study and impact fee study since May 2025. Carollo Engineers was selected pursuant to RFP 25-02 by the City Council on May 6, 2025 with the approval of Resolution 119-25. The intent of the rate study is to establish water and sewer rates that fully recover the cost of providing service to customers, adequately provide for maintaining and expanding the City’s infrastructure, and provide adequate reserves for future needs. The study is based on a comprehensive review of the City of Fayetteville’s water and sewer funds and budgets, comprehensive Water Master Plan, Wastewater Master Plan, planned wastewater facilities upgrades, customer classes, current usage data, future planned growth of the City of Fayetteville, and any other information deemed necessary. The intent of the impact fee study is to analyze how the existing water and sewer capacity is affected by growth, and to calculate those growth-related costs. It ensures that growth pays for itself and prevents existing customers from subsidizing new construction through higher utility rates. The current water and sewer rates were adopted by the City of Fayetteville in 2023 based on a Cost of Service Study conducted by Black & Veatch Engineers. This was sufficient to fund operations and capital needs until now. Since the 2023 study, the City has experienced consistent growth and anticipates continued growth into the future. In addition, the City’s purchased water costs have increased significantly due to recent rate and impending rate increases from Beaver Water District. The most recent impact fee study was completed in 2007 and implemented in 2009. DISCUSSION: In addition to adhering to state requirements, Carollo’s rate-setting methodology is consistent with industry guidelines described in the American Water Works Association’s M1 Manual: Principles of Water Rates, Fees and Charges, and MOP 27:Financial and Charges for Wastewater Systems. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Mailing address: 113 W. Mountain Street Fayetteville, AR 72701 www.fayetteville-ar.gov State code dictates a schedule of events for any change in water and sewer rates. These require that the rate change ordinance be read, a public hearing be scheduled and announced, the ordinance be published, and the public hearing take place at least ten days after the initial reading and publication of the ordinance. The rate ordinance can then be approved any time after the public hearing. The public hearing attachment details the public notice process for the proposed rate study, and what the initial changes will be to the water and sewer rates. Additionally, the Monthly Water and Sewer Rates attachment indicates the level of rate increases through 2030. The rate study prepared by Carollo Engineers reflects some of the following guidelines: 1. The City has adopted a cost of service rate schedule based on customer class. 2. The City is using a volumetric block system within customer class to encourage conservation. 3. New rates reflecting the true cost of service by customer class as determined by the rate study will be implemented as soon as this ordinance takes effect. BUDGET/STAFF IMPACT: Adoption of these new rates will provide necessary revenues to address current and future operating costs and capital needs. ATTACHMENTS: 3. Staff Review Form, 4. 2026 Fayetteville Water and Sewer Rates and Impact Fee Study Report, 5. Revisions: 51.136_51.137___ 2026-04-15, 6. Revisions 159.02___ 2026-04-23, 7. Exhibit A 51.136_51.137___Revisions 2026-04-15_clean version, 8. Exhibit B 159.02___Revisions 2026-04-23_clean version, 9. Public Notice 2026, Exhibit B 159.02___Revisions Adopted 5.5.26 by City Council Amendment - CLEAN VERSION Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Ordinance: 6994 File Number: 2026-1386 Page 2 Section 2: That the City Council of the City of Fayetteville, Arkansas hereby repeals § 51.137 Monthly Sewer Rates and enacts a replacement § 51.137 Monthly Sewer Rates as shown in Exhibit A, attached hereto. Section 3: That the City Council of the City of Fayetteville, Arkansas hereby repeals § 159.02 Water and Wastewater Impact Fees and enacts a replacement § 159.02 Water and Wastewater Impact Fees as shown in Exhibit B, attached hereto. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Page 1 City of Fayetteville, Arkansas Legislation Text 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 File #: 2026-1386 AN ORDINANCE TO AMEND § 51.136 MONTHLY WATER RATES, §51.137 MONTHLY SEWER RATES, AND §159.02 WATER AND WASTEWATER IMPACT FEES TO CHANGE WATER AND SEWER RATES AS RECOMMENDED BY THE COST OF SERVICE STUDY CONDUCTED BY CAROLLO ENGINEERS WHEREAS, the City of Fayetteville’s current water and sewer rates were adopted in 2023 based on a Cost of Service Study conducted by Black & Veatch Engineers; and WHEREAS, on May 6, 2025, the City Council approved Resolution 119-25 authorizing a contract with Carollo Engineers for an updated Cost of Service Study; and WHEREAS, since the 2023 study, the City has experienced consistent growth in both population and water use and anticipates continued growth into the future; and WHEREAS, the City’s cost to deliver water from the Beaver Water District to our customers has increased and will continue to increase because of the construction and operation of the necessary ninety million dollar large transmission line into Benton County to receive the water and many other transmission and storage costs; and WHEREAS, the City’s cost to purchase water from the Beaver Water District has and will continue to increase because of recent and impending water rate increases imposed by the Beaver Water District; and WHEREAS, the City’s costs to efficiently operate over two wastewater plants, numerous lift stations, and miles of sewer piping continue to rise, necessitating an increase of revenue to fund these operations, maintenance, and improvements. WHEREAS, the City Council has determined, after the public hearing required by Ark. Code Ann. § 14-235-223, that the proposed rate changes reflecting the true cost of service should be adopted and that the new rates shall take effect on July 1, 2026. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby repeals § 51.136 Monthly Water Rates and enacts a replacement § 51.136 Monthly Water Rates as shown in Exhibit A, attached hereto. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 City of Fayetteville Staff Review Form 2026-1386 Item ID 5/5/2026 City Council Meeting Date - Agenda Item Only N/A for Non-Agenda Item Tim Nyander 4/15/2026 WATER SEWER (720) Submitted By Submitted Date Division / Department Action Recommendation: Staff recommends approval of an ordinance to change the water and sewer rates and Impact Fees based on a Cost of Service Study conducted by Carollo Engineers as presented to the Water and Sewer Committee in open meetings. These recommended rates are reflected in the attached replacement for sections 51.136, 51.137, and 159.02 of the Fayetteville City Code. Budget Impact: N/A Water & Sewer Account Number Fund N/A N/A Project Number Project Title Budgeted Item?No Total Amended Budget $- Expenses (Actual+Encum)$- Available Budget $- Does item have a direct cost?No Item Cost $- Is a Budget Amendment attached?No Budget Amendment $- Remaining Budget $- Purchase Order Number:Previous Ordinance or Resolution # Change Order Number:Approval Date: Original Contract Number: Comments: Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 Water and Sewer Rate and Impact Fee Study 2026 Water and Sewer Rate and Impact Fee Study Report April 2026 / FINAL Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY ii Contents SECTION 1 EXECUTIVE SUMMARY 1 1.1 Introduction 1 1.2 Water System 1 1.3 Sewer System 2 1.4 Combined Bill Impacts 3 1.5 Impact Fees 3 SECTION 2 INTRODUCTION 5 2.1 City of Fayetteville Service Area Overview 5 2.1.1 Water Service Area 5 2.1.2 Sewer Service Area 5 2.2 Rate Setting Process 6 2.2.1 Rate Design and Calculation 6 2.3 Forward-Looking Statement 7 2.4 Study Assumptions and Inputs 7 2.4.1 Input Data 7 2.4.2 Cost Escalation and Budget Forecasting 7 SECTION 3 WATER SYSTEM ANALYSIS 9 3.1 Input Data 9 3.1.1 Current Rates 9 3.1.2 Billing Data 10 3.1.3 Expenses 12 3.1.4 Revenues 14 3.2 Water System Revenue Requirements 14 3.2.1 Revenue Requirement Tests 14 3.2.2 Reserve Target Test 15 3.2.3 Debt Coverage Test 17 3.3 Water COS Analysis 18 3.3.1 Functional Cost Allocation 19 3.3.2 Cost Components 19 3.3.3 Customer Allocation 23 3.4 Water Rate Design 25 3.4.1 Rate Structure 26 3.4.2 Fixed Monthly Service Charges 26 3.4.3 Volumetric Rates 28 SECTION 4 SEWER SYSTEM ANALYSIS 30 4.1 Input Data 30 4.1.1 Current Rates 30 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY iii 4.1.2 Billing Data 31 4.1.3 Expenses 33 4.1.4 Revenues 34 4.2 Sewer System Revenue Requirements 35 4.2.1 Revenue Requirement Tests 35 4.2.2 Reserve Target Test 35 4.3 Sewer Proposed Rates 36 SECTION 5 COMBINED BILL IMPACT 38 SECTION 6 IMPACT FEE ANALYSIS 40 6.1 Existing Impact Fees 40 6.2 Methodology 41 6.2.1 Impact Fee Components 41 6.2.2 Impact Fee Methodologies 42 6.2.3 Assessment Basis 44 6.3 Water System Impact Fee 45 6.3.1 Water System Valuation 45 6.3.2 Proposed Water Impact Fee 46 6.4 Sewer System Impact Fee 47 6.4.1 Sewer System Valuation 47 6.4.2 Proposed Sewer Impact Fee 48 6.5 Combined Impact Fee Comparison 49 SECTION 7 CONCLUSION 51 Tables Table 1 Inside City Existing and Proposed Water Monthly Service Charges for the Study Period 1 Table 2 Inside City Proposed Sewer Rates and Charges for the Study Period 2 Table 3 Combined Inside City Bill Impacts Under Existing and Proposed Rates for the Study Period 3 Table 4 Recommended Water and Sewer Impact Fees 4 Table 5 Escalation Factors 8 Table 6 Existing Water Rates and Charges 9 Table 7 Projected Number of Water Connections 10 Table 8 Current and Projected Water Sales 11 Table 9 Baseline and Projected Water Operating Expenses ($ Thousands) 12 Table 10 Projected Water Capital Improvement Plan and Funding ($ Thousands) 13 Table 11 Existing and Future Modeled Debt Service ($ Thousands) 14 Table 12 Projected Water Revenues under Existing Rates ($ Thousands) 14 Table 13 Projected Water Reserve Balance Under Existing Rate Ordinance ($ thousands) 15 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY iv Table 14 Projected Water Reserve Balance Under Proposed Rate Revenue Adjustments ($ thousands) 16 Table 15 Projected Water Debt Service Coverage Under Existing Rate Ordinance ($ thousands) 17 Table 16 Projected Water Debt Service Coverage Under Proposed Rate Revenue Adjustments ($ thousands) 17 Table 17 Allocation of Water System Assets to Cost Components ($ thousands) 21 Table 18 Functional Allocation of Water O&M Budget (FY 2026) ($ thousands) 21 Table 19 Allocation of Water O&M Budget to Cost Components ($ thousands) 22 Table 20 Allocation of Water Revenue Requirements to Cost Components ($ thousands) 23 Table 21 Water Units of Service by Customer Type (FY 2026) 24 Table 22 Development of Water Unit Costs ($ thousands) 25 Table 23 Water Revenue Requirement by Customer Type (FY 2026) 25 Table 24 Existing and Mid-Year Proposed Inside City Water Monthly Service Charges 27 Table 25 Inside City Existing and Proposed Water Monthly Service Charges for the Study Period 27 Table 26 Existing and FY 2026 Proposed Water Volumetric Rates 28 Table 27 Inside City Existing and Proposed Water Volumetric Rates for the Study Period 29 Table 28 Existing Sewer Rates and Charges 30 Table 29 Projected Number of Sewer Connections 31 Table 30 Current and Projected Sewer Sales 32 Table 31 Baseline and Projected Sewer Operating Expenses ($ Thousands) 33 Table 32 Projected Sewer Capital Improvement Plan and Funding ($ Thousands) 34 Table 33 Projected Sewer Revenues under Existing Rates ($ Thousands) 35 Table 34 Projected Sewer Reserve Balance Under Existing Rate Ordinance ($ thousands) 36 Table 35 Inside City Proposed Sewer Rates and Charges for the Study Period 37 Table 36 Combined Inside City Bill Impacts Under Existing and Proposed Rates for the Study Period 38 Table 37 Existing Impact Fees 40 Table 38 System Valuation Approaches from M1 43 Table 39 Projected Water and Sewer EDUs (2025-2035) 45 Table 40 Existing Water System Valuation Calculation ($ thousands) 45 Table 41 Water Capital Projects Related to Expansion ($ Thousands) 46 Table 42 Future Water System Valuation Calculation ($ Thousands) 46 Table 43 Proposed Water Impact Fee Calculation 46 Table 44 Recommended Water Impact Fees 47 Table 45 Existing Sewer System Valuation Calculation ($ thousands) 47 Table 46 Sewer Capital Projects Related to Expansion ($ Thousands) 48 Table 47 Sewer Future System Valuation Calculation ($ Thousands) 48 Table 48 Proposed Sewer Impact Fee Calculation 48 Table 49 Recommended Sewer Impact Fees 49 Table 50 Existing and Proposed Combined Water and Sewer Impact Fees 49 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY v Figures Figure 1 Conceptual Overview of the Rate-Setting Process 6 Figure 2 COS Analysis Steps 18 Figure 3 Northwest Arkansas Water and Sewer Rate Comparison 39 Figure 4 Northwest Arkansas Water and Sewer Impact Fee Comparison 50 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY vi Abbreviations AWWA American Water Works Association BWD Beaver Water District Carollo Carollo Engineers CIP capital improvements plan City City of Fayetteville COS cost-of-service DSCR debt service coverage ratios EDU equivalent dwelling unit ENR-CCI Engineering News-Record Construction Cost Index FY fiscal year gpd gallons per day kgal kilogallon MOP 27 Manual of Practice 27: Financial and Charges for Wastewater Systems O&M operations and maintenance PILOT Payment in lieu of taxes RCNLD Replacement Cost New Less Depreciation RCN Replacement Cost New R&R repair and replace Study Water and Sewer Rate and Impact Fee Study WEF Water Environment Practice WIP work in progress WWTP wastewater treatment plant Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 1 SECTION 1 EXECUTIVE SUMMARY 1.1 Introduction The City of Fayetteville (City) retained Carollo Engineers, Inc. (Carollo) to conduct a Water and Sewer Rate and Impact Fee Study (Study) for fiscal years (FY) ending FY 2026 through 2030. The City receives treated water from Beaver Water District (BWD) and owns and maintains a distribution system for potable water service. Its water system serves approximately 100,000 people (50,000 connections) inside and outside the corporate city limits. The City also owns and operates two wastewater treatment plants (WWTPs) and maintains a local sewer collection system. The sewer system provides wholesale and retail sewer service to approximately 40,000 connections inside and outside of the corporate City limits. 1.2 Water System The Study analyzed the revenue requirements to test the fiscal health of the water system, evaluate the adequacy of current rates and charges, and set the basis for the five-year rate plan (FY 2026 through FY 2030). Carollo recommends the City increase water rate revenue according to the following schedule: July 1, 2026 14.0 percent January 1, 2029 3.0 percent January 1, 2027 16.0 percent January 1, 2030 3.0 percent January 1, 2028 16.0 percent The recommended increases are necessary to fund operational and capital needs, as well as meet debt service and reserve requirements. Carollo recommends the following rates to meet the revenue requirements over the next five years. Table 1 Inside City Existing and Proposed Water Monthly Service Charges for the Study Period Rate Component Existing FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Revenue Adjustments 14.0% 16.0% 16.0% 3.0% 3.0% Monthly Water Service Charge 5/8" Meter $7.85 $7.85 $9.11 $10.57 $10.89 $11.22 5/8" x 3/4" Meter $7.85 $7.85 $9.11 $10.57 $10.89 $11.22 1" Meter $11.30 $11.30 $13.11 $15.21 $15.67 $16.15 1.5" Meter $21.55 $21.55 $25.00 $29.00 $29.87 $30.77 2" Meter $29.52 $29.52 $34.25 $39.73 $40.93 $42.16 3" Meter $64.37 $64.37 $74.67 $86.62 $89.22 $91.90 4" Meter $106.59 $106.59 $123.65 $143.44 $147.75 $152.19 6" Meter $213.18 $213.18 $247.29 $286.86 $295.47 $304.34 8” Meter $319.67 $319.67 $370.82 $430.16 $443.07 $456.37 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 2 Rate Component Existing FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Volumetric Rates ($/1,000 gallons) Residential Tier 1 (first 2,000 gallons) $4.04 $4.04 $4.69 $5.45 $5.62 $5.79 Tier 2 (2,001 – 15,000 gallons) $5.34 $5.80 $6.73 $7.81 $8.05 $8.30 Tier 3 (> 15,000 gallons) $7.57 $8.70 $10.10 $11.72 $12.08 $12.45 Non-Residential (all usage) $4.72 $4.77 $5.54 $6.43 $6.63 $6.83 Major Industrial (all usage) $3.53 $4.10 $4.76 $5.53 $5.70 $5.88 Irrigation (all usage) $5.34 $8.70 $10.10 $11.72 $12.08 $12.45 Wholesale (all usage) $3.71 $4.25 $4.93 $5.72 $5.90 $6.08 Notes: (1) Proposed FY 2026 rates effective July 1, 2026. (2) Beginning FY 2027 rates are effective January 1 of each fiscal year. (3) Proposed outside City rates are 1.5 times inside City rates. 1.3 Sewer System The Study analyzed the revenue requirements to test the fiscal health of the sewer system, evaluate the adequacy of current rates and charges, and set the basis for the five-year rate plan (FY 2026 through FY 2030). Carollo recommends the City increase sewer rate revenue in accordance with its existing rate ordinance of 3.0 percent per year. These increases are sufficient to fund operational and capital needs and reserve requirements. Carollo recommends the following rates to meet the revenue requirements over the next five years. Table 2 Inside City Proposed Sewer Rates and Charges for the Study Period Rate Component FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Revenue Adjustments 3.0% 3.0% 3.0% 3.0% Monthly Sewer Service Charge 5/8" Meter $13.52 $13.93 $14.35 $14.79 $15.24 5/8" x 3/4" Meter $13.52 $13.93 $14.35 $14.79 $15.24 1" Meter $25.94 $26.72 $27.53 $28.36 $29.22 1.5" Meter $47.53 $48.96 $50.43 $51.95 $53.51 2" Meter $65.37 $67.34 $69.37 $71.46 $73.61 3" Meter $140.67 $144.90 $149.25 $153.73 $158.35 4" Meter $231.80 $238.76 $245.93 $253.31 $260.91 6" Meter $459.37 $473.16 $487.36 $501.99 $517.05 8” Meter $687.03 $707.65 $728.88 $750.75 $773.28 Volumetric Rates ($/1,000 gallons) Residential Tier 1 (first 2,000 gallons) $5.24 $5.40 $5.57 $5.74 $5.92 Tier 2 (>2,000 gallons) $6.99 $7.20 $7.42 $7.65 $7.88 Non-Residential (all usage) $5.88 $6.06 $6.25 $6.44 $6.64 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 3 Rate Component FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Major Industrial (all usage) $6.21 $6.40 $6.60 $6.80 $7.01 Wholesale (all usage) $6.09 $6.28 $6.47 $6.67 $6.88 Notes: (1) Rates and charges effective January 1 of each fiscal year. (2) Outside City rate factors vary by meter size and are unchanged from the current rate ordinance. 1.4 Combined Bill Impacts In FY 2026 the total bill increase varies by each customer class due to the proposed water rates being more aligned with the cost to provide service. In FY 2027 and FY 2028 all customer classes will see an average of a 9 percent increase on their total combined bill, and in FY 2029 and FY 2030 all customers will experience an average 3 percent increase on their total combined bill. Table 3 summarizes the combined water and sewer bill impacts for select customer classes and usage for the rate-setting period. Table 3 Combined Inside City Bill Impacts Under Existing and Proposed Rates for the Study Period Customer Class Existing Bill FY 2026 Bill FY 2027 Bill FY 2028 Bill FY 2029 Bill FY 2030 Bill Residential 5/8" meter, 2 kgals $39.93 $39.93 $43.22 $46.96 $48.40 $49.88 5/8" meter, 4 kgals $64.59 $65.51 $71.08 $77.42 $79.80 $82.24 5/8" meter, 10 kgals $138.57 $142.25 $154.66 $168.80 $174.00 $179.32 Non-residential 5/8" meter, 10 kgals $127.37 $127.87 $139.04 $151.72 $156.38 $161.16 1" meter, 50 kgals $567.24 $569.74 $619.83 $676.74 $697.53 $718.87 Industrial 2" meter, 1,000 kgals $9,834.89 $10,404.89 $11,261.59 $12,239.10 $12,612.39 $13,005.77 6" meter, 5,000 kgals $49,372.55 $52,222.55 $56,520.45 $61,424.22 $63,297.46 $65,271.39 Notes: kgal – kilogallon (1) There is a FY 2026 mid-year rate increase for water rates only. 1.5 Impact Fees Impact fees are one-time fees assessed on new system connections for water or sewer service. As the City manages its water and sewer systems, it needs to estimate a certain level of capacity required to serve peak day and peak wet weather flow for existing and future customers. The impact fee valuates the reservation of system capacity to serve that new and/or modified connection. The City’s current impact fees were implemented in 2009. The proposed water and sewer impact fees were calculated using the incremental method, which aligns with industry standards and follows Arkansas state requirements. Carollo recommends the City charge water and sewer residential and multifamily development per dwelling unit and charging non-residential developments per meter based on meter size. The schedule below shows the proposed water and sewer impact fees. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 4 Table 4 Recommended Water and Sewer Impact Fees Customer Class Water Sewer Total Residential Single Family (per dwelling unit) $2,672 $2,998 $5,670 Multi-Family (per dwelling unit) $1,897 $2,129 $4,026 Non-Residential 5/8" x 3/4" Meter $2,672 $2,998 $5,670 1" Meter $6,680 $7,496 $14,176 1.5" Meter $13,361 $14,991 $28,352 2" Meter $21,377 $23,986 $45,363 3" Meter $42,754 $47,972 $90,726 4" Meter $66,803 $74,956 $141,759 6" Meter $133,606 $149,911 $283,517 8” Meter $213,770 $239,858 $453,628 10” Meter $307,294 $344,796 $652,090 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 5 SECTION 2 INTRODUCTION The City retained Carollo to conduct a Study for FY ending 2026 through 2030. The City receives treated water from BWD and owns and maintains a distribution system for potable water service. The City also owns and operates two WWTPs and maintains a local sewer collection system. The City Council approves water and sewer rate adjustments to meet forecasted funding obligations. The most recent rate adjustments covered FY 2023 through 2027 and were based on the recommendations of the Water and Wastewater Comprehensive Rate Study (2023 Study), performed by Black & Veatch. Since the 2023 Study, the City has experienced consistent growth and anticipates continued growth into the future. In addition, the City’s purchased water costs have increased significantly due to recent rate and impending rate increases from BWD. The unexpected increases coupled with anticipated demand growth and other rising operating costs and capital infrastructure needs prompted the City to update their user rates before the routine five-year update. 2.1 City of Fayetteville Service Area Overview 2.1.1 Water Service Area The City owns and operates a water system that serves approximately 50,000 meters and approximately 100,000 customers inside and outside the corporate city limits. Outside city customers include the cities of Farmington, Greenland, and Goshen, and portions of the City of Johnson and unincorporated Washington County. The distribution system includes over 850 miles of water lines, booster pump stations and storage tanks to serve customer needs and fire flow protection. The City provides both retail and wholesale water service. Wholesale customers include the City of Elkins, City of West Fork, and Mount Olive Water Association. The City has implemented several water system capital improvement efforts over the past few years to ensure level of service and accommodate growth. The City is currently in the process of constructing an 11.3-mile transmission main to accommodate increased water demand. With the recent improvements and those planned for the next several years, the City wants to implement a financial plan expected to generate sufficient revenue. 2.1.2 Sewer Service Area The sewer system provides wholesale and retail sewer service to approximately 40,000 connections inside and outside of the corporate City limits. Outside city customers include the cities of Farmington and Greenland, and portions of the City of Johnson and unincorporated Washington County. The City owns and operates a sewer system that includes two WWTPs and a collection system with over 600 miles of sewer lines and lift stations. The City provides both retail and wholesale sewer service. Wholesale customers include the City of Elkins and City of West Fork. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 6 2.2 Rate Setting Process Rate analyses are typically performed every five years so that revenues from rates adequately fund utility operations, maintenance, and capital investments. Additionally, in Arkansas, water and sewer providers must conduct rate studies at least every five years to adhere to the requirements imposed by Arkansas Act 605 of 2021 and amendments thereto. In addition to adhering to state requirements, Carollo’s rate-setting methodology is consistent with industry guidelines described in the American Water Works Association’s (AWWA) M1 Manual: Principles of Water Rates, Fees and Charges and Water Environment Federation’s (WEF) Manual of Practice 27: Financial and Charges for Wastewater Systems (MOP 27). The cost-of-service (COS) study presented within this report consists of the following three interconnected processes shown in the figure on the right: Revenue Requirement Analysis, COS Analysis, and the Rate Design Analysis. While the process is described in a linear step- by-step approach, it is better understood as an iterative process where the ultimate objective is to balance revenues with costs in an equitable manner for customers. These three processes will form the basis for the rate analyses presented within this report. 2.2.1 Rate Design and Calculation The rate design involves developing a rate structure that proportionately recovers costs from customers. This structure must be resilient enough to handle changing cost and demand scenarios, and flexible enough to meet other unique criteria. By collecting different cost drivers from different rate components, the utility can ideally balance these goals. The rate calculation is intended to quantify the nexus between the Revenue Requirements and the final rate that customers are charged. This process establishes rates to match the estimated revenue generation with expenditures. Figure 1 Conceptual Overview of the Rate-Setting Process Revenue Requirement AnalysisHow much rate revenue does the City need to fully fund O&M and CIP? Cost-of-Service AnalysisWhat is each customer class's equitable share of the revenue requirements? Rate DesignWhat rate structure and rates best recovers the revenue requirements? Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 7 2.3 Forward-Looking Statement The calculations and forecasts of this analysis are based upon the information available and reasonable projection of existing service costs, customer demands, system operational needs, existing legal agreements, and other similar data provided by the City, as well as Carollo’s best understanding of the City’s system. These projections are based on the data provided by the City. If significant changes occur to any of those or the other assumptions used in this analysis, the City may need to revisit the analysis. These changes could include unexpected inflation, changes to Arkansas specific legislation governing water and sewer utilities, deviation from the projected water and sewer demands, just to name a few. 2.4 Study Assumptions and Inputs 2.4.1 Input Data City staff provided Carollo with the following data, which was used to build Carollo’s rate model:  FY 2024 and 2025 operations and maintenance (O&M) budgets for water and sewer.  Multi-year capital improvement plans (CIP).  Water and sewer billing data for FY 2022-2024.  Debt service schedules for existing debt obligations.  Projected system growth based on recent history.  Beginning reserve balances for FY 2025. Carollo used this data to forecast expenses and revenues, and total revenue requirements for the next ten years. This forecast extends beyond the five-year timeframe of proposed rate adjustments as it is a best practice to look at possible long-term funding needs. 2.4.2 Cost Escalation and Budget Forecasting Based on discussion, Carollo and City staff determined escalation factors to project revenues and expenses when developing a 10-year financial forecast. These factors were selected based on recent history, anticipated drivers, and other relevant factors. Most expenses were escalated either by a general inflation factor of 3 percent, which was based on a combination of recent inflation trends and anticipated near-term inflation. Salary and labor-related expenses were escalated by 5 percent per City staff guidance. Purchased water costs from BWD were escalated based on BWD’s adopted rate schedule, which is set to increase rates annually by approximately 8.5 percent through FY 2030. While an annual account growth of 2 percent was used to project water sales, an annual account growth of 1.75 percent was used to project sewer sales, as the sewer system is anticipated to grow at a slightly lower rate. Construction materials as part of the budget were escalated by 3.5 percent. Capital costs provided in the CIP were already escalated by the City and were therefore not escalated in the model. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 8 Interest earnings on any cash deposits held by the City were calculated and projected based on the previous year’s cash ending balance using a 0.35 percent annual factor. The various escalation rates for these factors and others are shown in Table 5. Table 5 Escalation Factors Cost / Input Category Annual Rate General Inflation / Operations 3.0% Labor 5.0% Energy 5.0% Water Cost from BWD 8.5% (5-year average) Water Cost + Growth 10.7% (5-year average) Capital 3.5% Water Account Growth 2.0% Sewer Account Growth 1.75% Reserve Interest Rate 0.35% Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 9 SECTION 3 WATER SYSTEM ANALYSIS 3.1 Input Data 3.1.1 Current Rates The City’s current water rate structure has two components: a fixed monthly charge based on meter size; and a usage charge based on the amount of metered water sold. Residential customers have an inclining 3-tiered variable rate structure and non-residential customers are charged a uniform variable rate. The existing rates that took effect on January 1, 2026 are shown in Table 6. Inside and outside City customers are charged separate rates for service, with outside City customers’ rates being higher than inside City. This difference is to account for the lack of ownership and equity of the City’s system, as well as to support the additional infrastructure required to extend the distribution system outside of the City limits. Table 6 Existing Water Rates and Charges Rate Component Inside City Outside City Wholesale Monthly Water Service Charge 5/8" Meter $7.85 $8.98 $9.90 5/8" x 3/4" Meter 7.85 8.98 9.90 1" Meter 11.30 15.55 15.55 1.5" Meter 21.55 30.78 30.78 2" Meter 29.52 42.64 42.64 3" Meter 64.37 88.89 88.89 4" Meter 106.59 130.07 133.70 6" Meter 213.18 245.14 253.40 8” Meter 319.67 367.63 396.49 Volumetric Charges ($/1,000 gallons) Residential Tier 1 (first 2,000 gallons) $4.04 $5.10 Tier 2 (2,001 – 15,000 gallons) 5.34 6.75 Tier 3 (> 15,000 gallons) 7.57 9.57 Non-Residential (all usage) $4.72 $5.75 Major Industrial (all usage) $3.53 $3.92 Irrigation (all usage) $5.34 $6.61 Wholesale (all usage) $3.71 Notes: (1) Rates and charges effective January 1, 2026. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 10 3.1.2 Billing Data 3.1.2.1 Baseline Billing Data The City provided billing data covering FY 2022 through 2024 for the water system, including date, customer identifier, meter size, location (inside or outside city), customer type, metered usage within each tier, and billed dollar amount. Carollo analyzed this data and aggregated usage, and bill counts for each meter size and location. 3.1.2.2 Projected Billing Data To project billing data for the next five years, Carollo used an annual growth assumption of 2.0 percent for all retail classes and locations but kept wholesale number of accounts steady. Retail per account usage is projected to remain stable, meaning that any change in total projected water sales is due to account growth. The baseline and forecasted billing summaries are shown in the following tables. In the rate model, total annual bill counts were used to forecast revenues as the number of accounts fluctuates month to month and total accounts directly corresponds with billed revenue. For purposes of transparency, however, this report provides for the total number of connections. The number of connections was calculated by dividing the number of bills by 12 for each month, even though the actual number of accounts at any given time could deviate from this figure. Table 7 illustrates the summary of projected number of connections by meter size during the study period. Table 8 summarizes the projected water sales based on the billing data analysis. Table 7 Projected Number of Water Connections FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Inside City 5/8” 171 175 178 182 185 189 5/8 x 3/4” 38,905 39,683 40,476 41,286 42,112 42,954 1" 1,592 1,624 1,656 1,689 1,723 1,757 1.5" 342 349 356 363 370 378 2" 375 383 391 398 406 414 3" 97 98 100 102 104 107 4" 16 16 16 17 17 17 6" 5 5 5 6 6 6 Total Inside City 41,502 42,332 43,179 44,043 44,924 45,822 Outside City 5/8” 12 12 12 13 13 13 5/8 x 3/4" 7,301 7,447 7,596 7,747 7,902 8,060 1" 228 232 237 242 247 251 1.5" 18 19 19 19 20 20 2" 11 11 11 11 12 12 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 11 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 3" 1 1 1 1 1 1 4" 0 0 0 0 0 0 6" 0 0 0 0 0 0 Total Outside City 7,570 7,722 7,876 8,033 8,194 8,358 Wholesale 3" 1 1 1 1 1 1 4" 3 3 3 3 3 3 Total Wholesale 4 4 4 4 4 4 Total Number of Connections 49,077 50,058 51,059 52,080 53,122 54,184 Table 8 Current and Projected Water Sales FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Water Sales (kgal) - Inside City Residential Tier 1 (first 2,000 gallons) 757,096 772,238 787,683 803,436 819,505 835,895 Tier 2 (2,001 – 15,000 gallons) 857,058 874,199 891,683 909,516 927,707 946,261 Tier 3 (> 15,000 gallons) 459,037 468,218 477,582 487,134 496,877 506,814 Non-Residential (all usage) 924,681 943,175 962,038 981,279 1,000,904 1,020,922 Major Industrial (all usage) 302,406 308,455 314,624 320,916 327,334 333,881 Irrigation (all usage) 342,363 349,210 356,195 363,319 370,585 377,977 Total Inside City Usage (kgal) 3,642,641 3,715,494 3,789,804 3,865,600 3,942,912 4,021,770 Water Sales (kgal) - Outside City Residential Tier 1 (first 2,000 gallons) 151,008 154,028 157,108 160,250 163,455 166,724 Tier 2 (2,001 – 15,000 gallons) 239,719 244,513 249,403 254,391 259,479 264,669 Tier 3 (> 15,000 gallons) 107,107 109,249 111,434 113,662 115,936 118,254 Non-Residential (all usage) 52,020 53,061 54,122 55,204 56,309 57,435 Major Industrial (all usage) 0 0 0 0 0 0 Irrigation (all usage) 35,527 36,237 36,962 37,701 38,455 39,224 Total Outside City Usage (kgal) 585,380 597,088 609,029 621,210 633,634 646,307 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 12 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Water Sales - Wholesale (kgal) Elkins 93,225 95,089 96,991 98,931 100,910 102,928 Mount Olive 73,035 74,495 75,985 77,505 79,055 80,636 West Fork 66,632 67,964 69,324 70,710 72,124 73,567 Total Wholesale Usage (kgal) 232,891 237,549 242,300 247,146 252,089 257,131 Total (kgal) 4,460,913 4,550,131 4,641,133 4,733,956 4,828,635 4,925,208 3.1.3 Expenses 3.1.3.1 Budget Data The City provided Carollo with its currently adopted FY 2025 budget to use as a base for forecasting. The budget provided is for water and sewer combined. Carollo worked closely with City staff to identify how to split costs between two funds and allocated the costs appropriately to each fund based on these discussions. Additionally, costs were escalated based on the percentages shown in Table 5. The baseline and projected operating budget expenses are summarized in Table 9. Table 9 Baseline and Projected Water Operating Expenses ($ Thousands) FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Utilities Director (1800) $127 $129 $135 $140 $146 $151 Utilities Project Management (4020) $258 $244 $255 $267 $279 $287 Utilities Financial Services (1810) $1,176 $1,355 $1,407 $1,460 $1,516 $1,562 Meter Reading (1820) $1,339 $1,488 $1,546 $1,607 $1,670 $1,720 Meter Maint & Backflow Prev (1830) $767 $772 $804 $838 $873 $899 Meter Operations Capital (1840) $165 $0 $0 $0 $0 $0 Water Purchased (3800) $16,097 $18,422 $20,442 $22,746 $25,350 $27,501 Operations & Administration (4000) $2,257 $2,019 $2,089 $2,167 $2,247 $2,315 Water Distribution Maintenance (4310) $4,332 $4,883 $5,063 $5,251 $5,445 $5,615 Water Storage & Pump Maintenance (4330) $353 $360 $375 $390 $406 $418 Capital Water Mains (5600) $0 $0 $0 $0 $0 $0 Water & Sewer Connections (5620) $534 $571 $593 $615 $639 $658 PILOT $1,073 $1,133 $1,225 $1,547 $1,955 $2,054 Trustee & Pay Agent Fees $151 $151 $0 $0 $0 $0 Total Operating Expenses $28,629 $31,529 $33,934 $37,029 $40,526 $43,180 Notes: PILOT – payment in lieu of taxes Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 13 3.1.3.2 Capital Improvement Plan Expenses The City provided the FY 2026 through 2030 CIP, which has been approved by City Council, along with planned funding for each project. These expenses were already escalated and provided in future dollars. Most CIP expenses are for routine repair and replacement of water system infrastructure and are planned to be cash-funded through either rate revenues in the year they are collected, or unrestricted reserves, if available after meeting the City’s target reserve level. The City also funds CIP through impact fee revenues. Impact fees are one-time fees paid by new connections to fund infrastructure needed to expand capacity to meet this growth. Impact fees are deposited in a restricted fund and reserved for these growth-related projects. The summarized five-year CIP and funding allocation is shown in Table 10. Table 10 Projected Water Capital Improvement Plan and Funding ($ Thousands) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 CIP Water System Rehabilitation $4,445 $4,259 $3,778 $3,667 $4,326 Water Tank Improvements $1,000 $500 $500 $500 $500 Improvements Defined by Study $0 $0 $300 $300 $0 Relocations for Bond Projects $250 $250 $250 $250 $250 Rate Operations Study $10 $10 $10 $20 $20 Impact Fee Cost Sharing $75 $75 $75 $75 $75 Water Meters $1,700 $2,000 $2,400 $2,900 $2,000 Storage & Pump Station Maintenance $100 $100 $100 $100 $100 Equipment Expansions $25 $25 $25 $25 $25 Technology Equip Replacement $10 $73 $15 $54 $25 Building/Office Improvements $50 $50 $50 $50 $50 Backflow Prevention Assemblies $50 $50 $50 $50 $50 Utilities Financial Services Improvements $8 $3 $2 $8 $8 Total Funding Needed $7,723 $7,395 $7,554 $7,999 $7,428 Funding New Debt $0 $0 $0 $0 $0 Impact Fees $3,302 $3,302 $3,302 $3,260 $3,343 Remaining Funding Needed from Rates $4,421 $4,093 $4,252 $4,738 $4,085 Total Funding Allocated $7,723 $7,395 $7,554 $7,999 $7,428 3.1.3.3 Debt Service The City will begin payments to Series 2024 bond in FY 2027, which was used to fund the 48-inch West Transmission Main Project. While there is no future debt issuances projected in the Study period, the City should evaluate its capital funding strategy as the CIP changes. Table 7 summarizes the debt service for the study period. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 14 Table 11 Existing and Future Modeled Debt Service ($ Thousands) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Existing Debt Service Series 2024 $0 $3,052 $4,578 $4,578 $4,578 Total Existing Debt Service $0 $3,052 $4,578 $4,578 $4,578 Future Debt Service $0 $0 $0 $0 $0 Total Debt Service $0 $3,052 $4,578 $4,578 $4,578 3.1.4 Revenues 3.1.4.1 Projected Rate Revenues under Existing Rates Carollo first forecasted rate revenues for the next five years assuming rate adjustments from the City ordinance, which includes a 6 percent increase in water rates in FY 2027 and annual 3 percent increases thereafter. This forecast took the existing rates (Table 6) and calculated revenues based on the projected water sales and bills from Table 7 and Table 8. By calculating baseline rate revenue under existing rates and doing this exercise, Carollo identified any revenue shortfalls under existing rates. Projected revenues before rate adjustments are shown in Table 12. Table 12 Projected Water Revenues under Existing Rates ($ Thousands) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Water Sales Revenue $28,823 $31,129 $32,741 $34,397 $36,138 Operations & Administration (4000) $339 $297 $278 $269 $274 Water Distribution Maintenance (4310) $1,318 $1,345 $1,372 $1,399 $1,427 Total Revenues $30,480 $32,771 $34,390 $36,066 $37,839 3.2 Water System Revenue Requirements The revenue requirement analysis is a comprehensive test of a utility’s fiscal health, scrutinizing the adequacy of current revenues and setting the basis for short-term and long-term rate planning. It reviews the utility’s revenues, expenses, debts, and reserve policies, assessing the viability of each metric going forward. Where cash flow and balances are insufficient, the revenue requirement analysis determines the additional cash flow needed to meet all funding goals. 3.2.1 Revenue Requirement Tests There are two sufficiency tests used to define the annual revenue requirement during this analysis: (1) reserve target test and (2) debt service coverage test. These sufficiency tests are commonly used to determine the amount of annual revenue that must be generated from a utility’s rates. The cash flow sufficiency test was omitted as the City’s cash flow is tested under the reserve target test.  Reserve Target Test: Measures if a utility is generating enough revenue to meet the City’s minimum operating reserve balance to ensure continuation of their operations and any financial obligations. This test is not legally binding but provides assurance for a utility’s financial stability and is often Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 15 based on the reserve policies adopted by the City Council. When the year-end balance falls short of the desired target, a rate increase is recommended. This reserve target ranges by utility, depending on capital needs and service demands.  Debt Service Coverage Test: Assesses a utility’s ability to meet their annual debt service obligations. Bond issuances regularly include covenants requiring the agency to maintain sufficient cash flows to meet annual debt service payments plus an additional amount. Typical debt service coverage ratios (DSCR) range from 1.20 times to 1.50 times annual debt service, depending on the terms of debt instrument issued. The City’s current DSCR target is 1.20 times (1.20x). The higher multiplier can provide credit rating agencies with additional evidence of a utility’s strong financial health and can potentially reduce long-term costs. If net revenue falls below debt service coverage in any given year, the model would indicate a need for additional revenue. Based on the financial sufficiency tests described above, the revenue requirement analysis determines if the City must increase system revenues to meet its ongoing obligations. If revenues are found to be insufficient to meet debt obligation (debt service coverage test) and/or reserve policies (reserve sufficiency test), revenues must be increased to achieve the higher of the needs. The revenue requirement recommendations presented herein are based on best available information as of the writing of this report. 3.2.2 Reserve Target Test The reserve target test assesses the adequacy of the rates to maintain end-of-year unrestricted reserve balances at or above the City’s policy target. Historically, the City’s annual operating reserve minimum was 10 percent of O&M expenses. Industry best practices are an operating reserve of 90 to 180 days of annual O&M expenses. To be more in line with industry standards and provide financial security, Carollo recommended the City increase its operating reserve minimum to the greater of 10 percent of O&M or $7 million for the water fund. The total water and sewer combined minimum reserve is set at $12 million starting in FY 2026. The reserve balance forecast under the existing rate ordinance is outlined in Table 13 below. Table 13 Projected Water Reserve Balance Under Existing Rate Ordinance ($ thousands) Component FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Ordinance Rate Adjustments 6.0% 3.0% 3.0% 3.0% Beginning Reserve Balance $13,497 $8,027 ($281) ($11,526) ($24,739) Sources of Funds Rate Revenues $28,823 $31,129 $32,741 $34,397 $36,138 Other Revenues $1,657 $1,642 $1,649 $1,668 $1,701 Total Sources of Funds $30,480 $32,771 $34,390 $36,066 $37,839 Uses of Funds Operating Expenses $31,529 $33,934 $36,804 $39,963 $42,588 Debt Service $0 $3,052 $4,578 $4,578 $4,578 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 16 Component FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Cash Funded CIP $4,421 $4,093 $4,252 $4,738 $4,085 Total Uses of Funds $35,950 $41,079 $45,635 $49,279 $51,252 Cash Flow ($5,470) ($8,308) ($11,245) ($13,213) ($13,412) Ending Reserve Balance $8,027 ($281) ($11,526) ($24,739) ($38,151) Reserve Balance Target $7,000 $7,000 $7,000 $7,000 $7,000 Surplus / (Deficit) $1,027 ($7,281) ($18,526) ($31,739) ($45,151) As shown, the existing rates are insufficient to meet the reserve target throughout the rate-setting period. The City falls below this target beginning in FY 2027. Carollo recommends the following rate revenue increases: 14 percent in FY 2026, 16 percent in FY 2027 and FY 2028, and 3 percent annually thereafter. Following the proposed rate revenue adjustments, the City is expected to meet its reserve targets throughout the duration of the rate-setting period. Table 14 Projected Water Reserve Balance Under Proposed Rate Revenue Adjustments ($ thousands) Component FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Proposed Revenue Adjustments 14.0% 16.0% 16.0% 3.0% 3.0% Beginning Reserve Balance $13,497 $10,045 $7,017 $8,825 $9,007 Sources of Funds Rate Revenues $30,841 $36,406 $46,001 $48,329 $50,774 Other Revenues $1,657 $1,645 $1,666 $1,696 $1,733 Total Sources of Funds $32,498 $38,052 $47,667 $50,025 $52,507 Uses of Funds Operating Expenses1 $31,529 $33,934 $37,029 $40,526 $43,180 Debt Service $0 $3,052 $4,578 $4,578 $4,578 Cash Funded CIP $4,421 $4,093 $4,252 $4,738 $4,085 Total Uses of Funds $35,950 $41,079 $45,859 $49,843 $51,844 Cash Flow ($3,452) ($3,028) $1,808 $182 $663 Ending Reserve Balance $10,045 $7,017 $8,825 $9,007 $9,670 Reserve Balance Target $7,000 $7,000 $7,000 $7,000 $7,000 Surplus / (Deficit) $3,045 $17 $1,825 $2,007 $2,670 Notes: (1) Operating expenses slightly increase as revenue adjustments increase due to PILOT expenses. The PILOT expense is calculated based on previous year’s rate revenue. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 17 3.2.3 Debt Coverage Test Debt service coverage refers to the collection of revenues to meet all operating expenses and debt service obligations, plus an additional multiple of that debt service. Debt service coverage is dictated by the borrower’s bond covenants and establishes a threshold above basic debt service that the borrower must maintain. For example, the City’s current bonds require it maintain fees and charges for the sale of water at levels enough to enable it to collect in each year the amount necessary to pay all its water system operating expenses, debt service on the bonds, plus an amount equal to 20 percent of debt service on the bonds. That additional 20 percent is referred to as coverage. Not all revenues are allowed in the debt coverage test. For the City, impact fee revenues are not included in the calculation. Table 15 illustrates that debt service coverage requirements (DSCR) under the rate ordinance increases will not be met. Table 16 shows debt coverage following proposed revenue adjustments outlined in Table 14. The City is projected to exceed its debt coverage ratio requirements with the proposed revenue adjustments. Table 15 Projected Water Debt Service Coverage Under Existing Rate Ordinance ($ thousands) Component FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Eligible Revenues $30,480 $32,771 $34,390 $36,066 $37,839 Operating Expenditures $31,529 $33,934 $36,804 $39,963 $42,588 Debt Service $0 $3,052 $4,578 $4,578 $4,578 1.20x Debt Coverage $0 $610 $916 $916 $916 Debt Service Coverage Target $31,529 $37,596 $42,298 $45,457 $48,082 Debt Coverage Surplus/(Deficit) N/A ($4,825) ($7,908) ($9,391) ($10,243) DSCR Before Increase no debt -0.38x -0.53x -0.85x -1.04x Table 16 Projected Water Debt Service Coverage Under Proposed Rate Revenue Adjustments ($ thousands) Component FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Eligible Revenues $32,498 $38,052 $47,667 $50,025 $52,507 Operating Expenditures $31,529 $33,934 $37,029 $40,526 $43,180 Debt Service $0 $3,052 $4,578 $4,578 $4,578 1.20x Debt Coverage $0 $610 $916 $916 $916 Debt Service Coverage Target $31,529 $37,597 $42,522 $46,020 $48,674 Debt Coverage Surplus/(Deficit) $969 $455 $5,144 $4,005 $3,833 DSCR Before Increase no debt 1.35x 2.32x 2.07x 2.04x Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 18 3.3 Water COS Analysis The COS analysis serves as a rational basis for distributing the full costs of the City’s water service to each customer class in proportion to the demands placed on the system. Those steps are outlined in Figure 2. Figure 2 COS Analysis Steps The COS analysis takes the revenue requirements outlined in the prior section and allocates them first to City functions and then to customer classes based on usage of the City’s system. The goal is to provide a fair and equitable method of allocating costs and establishes a clear nexus between the water used by different customers and the fees they are charged by the City to distribute and store that water. Using the industry standard methodology outlined in the AWWA M1 Manual, the two most widely used methods for allocation of functionalized costs to cost components:  Base Extra Capacity Method, where costs are allocated among: (1) a base category to provide baseline water service or average day demand; (2) an extra capacity category to provide peak demand service, often split into maximum day and maximum hour components; and (3) a customer category to provide services that do not vary with water usage, such as customer service and billing.  Commodity Demand Method, where costs are allocated among: (1) a commodity category for costs that are directly driven by demand; (2) a demand category for building and maintaining peak system capacity; and (3) a customer category to provide services that do not vary with water usage, such as customer service and billing. Cost Functionalization The City's expenses are allocated to functional categories on a line-by-line basis. Rate Component Allocation The functional categories are allocated to cost components based on system usage statistics and engineering standards. Customer Class and Tier Allocation The cost components are reallocated to each class or tier based on demand profiles. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 19 Both methodologies recognize that the COS “depends not only on the total volume of water used, but also on the rate of use, or peak demand requirements.” Costs incurred by the City are not incurred uniformly or simply based on the total quantity or volume of water used. The COS changes based on both when and how much water is used. Both methodologies account for this by including an extra capacity or demand category, in recognition of costs associated with capacity that is not used consistently which impacts operating costs and capital asset related costs to accommodate peak flows. For this Study, the Base Extra Capacity methodology was selected. The following sections discuss how costs are allocated to the system’s functions, cost components, and customer classes using this methodology. 3.3.1 Functional Cost Allocation The functional cost allocation assigns the test year’s revenue requirement identified by major functions. The Study developed a list of functions specific to the City’s water system. Each function is related and allocated to specific cost components, which can then be assigned to rates. The functional components used for the City are:  Customer Billing: Costs associated with materials and outside services directly related to customer communication such as billing, outreach, printing, and postage.  Meters Services: Costs associated with water meters and service connections.  Supply: Costs associated with obtaining treated water to then provide to retail and wholesale customers.  Pumping: Costs associated with pumping treated water.  Storage: Costs associated with storage of treated water to provide adequate system pressure and meet maximum hour demands.  Distribution: Costs associated with delivering water to customers including the operation and maintenance of the water distribution system facilities.  As All Others: Costs associated with other expenses that provide an overall benefit to the water system such as staff costs for management personnel who oversee all aspects of the water operation. This category also includes costs that do not fit any of the other categories such as overhead, in lieu of taxes expense, and the Operations & Administration (4000) budgeted cost center. The City’s budget was analyzed line by line and distributed to appropriate components listed above. Details of how the O&M, debt service, and other expenses were distributed among functional categories are shown in the following sections. 3.3.2 Cost Components Once the City’s budget was allocated to functional categories, each function category was allocated to the cost components. The following describes each of the cost components for the City.  Base: This category includes a portion of operating and capital costs related to source of supply and distribution costs, up to a level that meets the City’s baseline (average day) demands throughout the year. Base also includes a portion of general and administrative costs associated with the operations and management of those functions. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 20  Extra Capacity – Max Day: This category includes a portion of O&M and capital costs for water distribution related to meeting maximum day demands. Max day also includes a portion of general and administrative costs associated with the operations and management of those functions. These costs are incremental to those required for Base service. For example, they include capital costs related to oversizing the system to meet excess max day demand. System peaking factors are used to determine the appropriate allocations to the Extra Capacity cost components. For the purpose of this Study, the maximum day peaking factor is 1.9 based on the City’s water use records. This means that the maximum day demand is assumed to be 1.9 times the average day demand.  Extra Capacity – Max Hour: The Max Hour category is similar to the Max Day category but covers the additional costs related to peak above Max Day. These costs are incremental to those required for Base and Max Day service. The Max Hour peaking factor is 1.1 times the maximum day demand based on the City’s recent water use records.  Common to All: Costs associated with the part of the distribution system that retail and wholesale customers use, like large transmission mains.  Common to Retail: Costs associated with the distribution system that only retail customers use, like smaller water pipes and storage for max hour demands.  Meter Service: Costs associated with customer meters and service lines and the associated capacity. These costs are included in the fixed charge based on the meter’s hydraulic capacity.  Customer: Costs related to operational support activities including accounting, administration, billing, and customer service. These expenditures are common to all customers and are reasonably uniform across the different customer classes. Carollo reviewed the existing fixed assets for the water system and allocated each to the appropriate functional category based on direction from City staff. In addition, each of the operating budget line items was reviewed and its corresponding costs allocated based on the service provided. The functionalized assets and O&M are then allocated to the appropriate cost components according to the Base Extra Capacity methodology. This functional allocation process provides a reasonable, appropriate basis for proportionately distributing costs to customer types based on their usage patterns and is grounded in COS principles and standards. 3.3.2.1 Fixed Asset Allocation Carollo reviewed the fixed asset registry provided by City staff, which allocated each asset to a specific functional category. The Study then allocated the functionalized assets to cost components. The overall results of this allocation are used as a proxy to allocate capital-related costs. This minimizes large shifts in the allocation of capital costs, which can vary significantly from year to year. Table 13 summarizes the allocation of the functionalized assets to the components to determine the allocation factors applied to the capital related costs. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 21 Table 17 Allocation of Water System Assets to Cost Components ($ thousands) Description Total Value Customer Service All Base All Max Day All Max Hour Retail Base Retail Max Day Retail Max Hour As All Others Transmission $90,711 $0 $0 $34,396 $56,315 $0 $0 $0 $0 $0 Distribution $103,863 $0 $15,580 $0 $0 $0 $28,843 $51,415 $8,026 $0 Storage $888 $0 $0 $0 $0 $0 $319 $569 $0 $0 Water Meter $3,622 $0 $3,622 $0 $0 $0 $0 $0 $0 $0 General Water $1,683 $0 $0 $0 $0 $0 $0 $0 $0 $1,683 Subtotal Allocation $200,768 $0 $19,202 $34,396 $56,315 $0 $29,163 $51,984 $8,026 $1,683 Reallocation of General $1,683 $0 $162 $291 $476 $0 $247 $440 $68 Total Allocation ($) $19,364 $34,686 $56,791 $0 $29,409 $52,423 $8,094 $0 Total Allocation (%) 9.6% 17.3% 28.3% 0.0% 14.6% 26.1% 4.0% 0.0% 3.3.2.2 O&M Allocation Similar to fixed assets, Carollo allocated the water system operating expenses to functional categories and then to cost components. The allocation percentages used to functionalize the operating budgets are estimates based on discussions with City staff. Table 18 provides the allocation of the O&M budget to functional categories. Table 19 summarizes the allocation of the functionalized O&M expenses to the cost components. Table 18 Functional Allocation of Water O&M Budget (FY 2026) ($ thousands) Component FY 2026 Budget Customer Meter Service Supply Pumping Storage Distribution As All Others Utilities Director (1800) $129 $0 $0 $0 $0 $0 $0 $129 Utilities Project Management (4020) $244 $0 $0 $0 $0 $0 $0 $244 Utilities Financial Services (1810) $1,355 $1,355 $0 $0 $0 $0 $0 $0 Meter Reading (1820) $1,488 $0 $1,488 $0 $0 $0 $0 $0 Meter Maint & Backflow Prev (1830) $772 $0 $772 $0 $0 $0 $0 $0 Meter Operations Capital (1840) $0 $0 $0 $0 $0 $0 $0 $0 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 22 Component FY 2026 Budget Customer Meter Service Supply Pumping Storage Distribution As All Others Water Purchased (3800) $18,422 $0 $0 $18,422 $0 $0 $0 $0 Operations & Administration (4000) $2,019 $0 $0 $0 $0 $0 $0 $2,019 Water Distribution Maintenance (4310) $4,883 $0 $0 $0 $0 $0 $4,883 $0 Water Storage & Pump Maintenance (4330) $360 $0 $0 $0 $180 $180 $0 $0 Capital Water Mains (5600) $0 $0 $0 $0 $0 $0 $0 $0 Water & Sewer Connections (5620) $571 $0 $571 $0 $0 $0 $0 $0 PILOT $1,133 $0 $0 $0 $0 $0 $0 $1,133 Trustee & Pay Agent Fees $151 $0 $0 $0 $0 $0 $0 $151 Total Operating Expenses $31,529 $1,355 $2,831 $18,422 $180 $180 $4,883 $3,677 Reallocation of As All Others $179 $374 $2,432 $24 $24 $645 Total Allocation ($) $1,534 $3,205 $20,854 $204 $204 $5,528 Total Allocation (%) 4.9% 10.2% 66.1% 0.6% 0.6% 17.5% Table 19 Allocation of Water O&M Budget to Cost Components ($ thousands) Description FY 2026 Budget Customer Meter Service All Base All Max Day All Max Hour Retail Base Retail Max Day Retail Max Hour Meter Service $3,205 $0 $3,205 $0 $0 $0 $0 $0 $0 Customer Billing $1,534 $1,534 $0 $0 $0 $0 $0 $0 $0 Supply $20,854 $0 $0 $7,908 $12,947 $0 $0 $0 $0 Pumping $204 $0 $0 $0 $0 $0 $67 $119 $19 Storage $204 $0 $0 $0 $0 $0 $67 $119 $19 Distribution $5,528 $0 $0 $0 $0 $0 $1,806 $3,219 $503 Total Allocation ($) $31,529 $1,534 $3,205 $7,908 $12,947 $0 $1,939 $3,457 $540 Total Allocation (%) 4.9% 10.2% 25.1% 41.1% 0.0% 6.2% 11.0% 1.7% Notes: (1) Totals may not tie due to rounding. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 23 3.3.2.3 Offsetting Revenue Water connection fees, billed services, interest income, contracted services, and other non-rate revenue are used to offset the revenue requirements and reduce the required increase in rate revenue. Additionally, Outside City retail and wholesale revenue also offset the revenue requirements for Inside City customers. Table 20 summarizes the net revenue requirements. Table 20 Allocation of Water Revenue Requirements to Cost Components ($ thousands) Description FY 2026 Budget Customer Meter Service All Base All Max Day All Max Hour Retail Base Retail Max Day Retail Max Hour Operating Expenses $31,529 $1,534 $3,205 $7,908 $12,947 $0 $1,939 $3,457 $540 Capital Costs: Cash Funded Capital $4,421 $0 $426 $764 $1,251 $0 $648 $1,154 $178 Debt Service $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Revenue Requirement $35,950 $1,534 $3,631 $8,671 $14,197 $0 $2,587 $4,611 $718 Less Offsetting Revenues: Non-Operating Revenues ($1,657) $0 $0 $0 $0 $0 ($541) ($965) ($151) Outside City Retail ($6,020) ($237) ($682) ($1,175) ($2,154) $0 ($559) ($1,058) ($156) Outside City Wholesale ($1,179) ($0) ($4) ($467) ($707) $0 $0 $0 $0 Change in Cash Reserves ($1,434) $0 ($138) ($248) ($406) $0 ($210) ($375) ($58) Net Revenue Requirement $25,660 $1,297 $2,807 $6,782 $10,931 $0 $1,276 $2,213 $354 Allocation 5.1% 10.9% 26.4% 42.6% 0.0% 5.0% 8.6% 1.4% 3.3.3 Customer Allocation The amount of costs allocable to customers is calculated with the unique units associated with each cost function. For example, the customer component is the same for all meter sizes and is calculated by dividing the allocated customer costs by the number of accounts. The resulting value will then be allocated to each customer class in the final COS step. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 24 3.3.3.1 Units of Service Based on functional category, the units of service are water consumed, incremental demand (max day and max hour capacity), meter equivalents, and annual bills.  Base Costs: Allocated by total annual treated sales volume or annual water consumption in 1,000 gallons.  Extra Capacity Costs: Allocated based on each customer type’s extra capacity demand developed from the incremental amounts between max day demand and average day demand and between max hour demand and max day demand. Extra capacity units are based on the incremental capacity, in 1,000 gallons per day, needed to serve demands in excess of the baseline or average day demand.  Meter Equivalents: The meter equivalents are derived based on the meter’s hydraulic capacity. Larger meters are assigned more meter equivalents than smaller meters.  Customer: For the fixed charge, customer component unit cost is based on number of bills. 3.3.3.2 Unit Cost Development In order to allocate the COS to various customer types, unit costs of service are developed for each cost component. As shown in Table 16, the total rate revenue requirements are allocated to each cost component for the test year. The total cost for each functional category is then divided by the total number of associated units of service to determine appropriate unit costs for the water system. The units of service for each customer type are shown in Table 21. Table 22 illustrates the calculation of the unit costs for each cost component, which are then applied to the units of service. Table 21 Water Units of Service by Customer Type (FY 2026) Component # of Bills # of Bills Equivalents Annual Water Usage (kgal) Max Month Max Day Max Hour Inside City: Residential 449,248 459,898 2,114,655 230,250 10,726 7,441 Non-Residential 38,773 61,805 943,175 91,054 3,357 3,176 Major Industrial 59 806 308,455 34,788 1,098 1,039 Irrigation 19,909 26,590 349,210 73,513 3,346 1,386 Outside City: Residential 85,417 86,476 507,790 73,409 2,656 1,795 Non-Residential 4,866 6,201 53,061 5,676 189 179 Major Industrial 0 0 0 0 0 0 Irrigation 2,376 3,166 36,237 8,299 347 144 Wholesale: Elkins 12 162 95,089 10,370 394 326 Mount Olive 24 270 74,495 8,631 341 258 West Fork 12 162 67,964 7,917 313 236 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 25 Table 22 Development of Water Unit Costs ($ thousands) Description Customer Meter Service All Base All Max Day All Max Hour Retail Base Retail Max Day Retail Max Hour Allocated Revenue Requirements $1,297 $2,807 $6,782 $10,931 $0 $1,276 $2,213 $354 Total Units 507,990 549,099 3,715,494 18,527 13,042 3,715,494 18,527 13,042 Unit Cost $2.55 $5.11 $1.83 $589.99 $0.00 $0.34 $119.47 $27.13 Units # of Bills # of equiv. bills kgal kgal/day kgal/day kgal kgal/day kgal/day Table 23 shows the COS by customer type for the FY 2026 test year. Table 23 Water Revenue Requirement by Customer Type (FY 2026) Component Test Year FY 2026 Inside City: Residential $15,835 Non-Residential $4,975 Major Industrial $1,482 Irrigation $3,368 Outside City: Residential $5,112 Non-Residential $417 Major Industrial $0 Irrigation $496 Wholesale $1,179 Total $32,863 3.4 Water Rate Design Revenue requirements and COS analysis provide the basis for designing water rates. Revenue requirements show the level of revenue to be recovered from rates to fund utility’s O&M and capital needs and provide adequate resources to meet minimum cash levels. COS allocations provide the units and ultimately the COS for each customer class that can be used to design equitable user rates and charges. During rate design, it is important to develop equitable charges that commensurate with the cost of providing service to customers. As this is challenging for each individual customer, rates are normally designed to meet average conditions for each customers type with similar service requirements. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 26 The COS results are based on cost and engineering estimates that rely in part on professional judgement and experience. Detailed results should not be used as exact answers but as guides to the necessity for rate adjustments. Practical considerations may enter into the final choice of charges, recognizing such factors as previous rate levels, existing rate structures, the degree of adjustments indicated, and policies concerning the application of rates. Carollo worked with City staff to analyze various adjustments with goals of affordability to low volume water users, water conservation, and improving equity and understanding among customers. The FY 2026 proposed water rates are intended to transition each customer type toward its COS. Starting in FY 2027, rates are recommended to be increased across the board for each rate component. 3.4.1 Rate Structure The City’s existing water rates have been in effect since January 1, 2026, with the following rate structure:  Monthly service charge varies by meter size and varies by inside City, outside City, and wholesale. Outside City rate factors vary and are not consistent amongst meter sizes.  Volume rate ($ per 1,000 gallons) structure consists of three tiers for residential and a uniform volume rate for all non-residential customer classes. Carollo recommends the following minor modifications to the existing water rate structure:  Monthly service charge for outside City and wholesale is proposed to be the same.  All outside City rates have a factor of 1.5 times the rates of inside City for the monthly service charge and volume rates. This difference is to account for the lack of ownership and equity of the City’s system, as well as to support the additional infrastructure required to extend the distribution system out to the farther reaches.  The proposed irrigation rate is the same rate as the residential third tier rate. 3.4.2 Fixed Monthly Service Charges A monthly fixed service charge is a cost recovery mechanism that is generally designed to recover the utility’s fixed expenditures, such as metering, testing, billing and other customer related costs. The proposed fixed charge primarily recovers the customer service and other fixed cost components of the revenue requirements. Table 24 summarizes the existing and FY 2026 mid-year proposed monthly service charges by meter size for July 1, 2026. There is no proposed increase to the Inside City monthly water service charges for the mid-year rate adjustments. However, Outside City proposed monthly service charges have a 1.5 rate factor applied beginning July 1, 2026. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 27 Table 24 Existing and Mid-Year Proposed Inside City Water Monthly Service Charges Rate Component Existing(1) FY 2026 Proposed(2,3) Difference Monthly Water Service Charge 5/8" Meter $7.85 $7.85 $0.00 5/8" x 3/4" Meter 7.85 7.85 0.00 1" Meter 11.30 11.30 0.00 1.5" Meter 21.55 21.55 0.00 2" Meter 29.52 29.52 0.00 3" Meter 64.37 64.37 0.00 4" Meter 106.59 106.59 0.00 6" Meter 213.18 213.18 0.00 8” Meter 319.67 319.67 0.00 Notes: (1) Existing fixed effective January 1, 2026. (2) Proposed service charge effective July 1, 2026. (3) Proposed Outside City and Wholesale monthly service charges are 1.5x proposed inside City rates. Starting in FY 2027 proposed monthly service charges can be calculated by escalating them based on proposed revenue requirement increases shown in Table 25. The proposed five-year rates are shown in the following tables. All rates have been rounded up to the nearest $0.01 to avoid under-collection of revenues. Table 25 Inside City Existing and Proposed Water Monthly Service Charges for the Study Period Rate Component Existing FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Revenue Adjustments 14.0% 16.0% 16.0% 3.0% 3.0% Monthly Water Service Charge 5/8" Meter $7.85 $7.85 $9.11 $10.57 $10.89 $11.22 5/8" x 3/4" Meter $7.85 $7.85 $9.11 $10.57 $10.89 $11.22 1" Meter $11.30 $11.30 $13.11 $15.21 $15.67 $16.15 1.5" Meter $21.55 $21.55 $25.00 $29.00 $29.87 $30.77 2" Meter $29.52 $29.52 $34.25 $39.73 $40.93 $42.16 3" Meter $64.37 $64.37 $74.67 $86.62 $89.22 $91.90 4" Meter $106.59 $106.59 $123.65 $143.44 $147.75 $152.19 6" Meter $213.18 $213.18 $247.29 $286.86 $295.47 $304.34 8” Meter $319.67 $319.67 $370.82 $430.16 $443.07 $456.37 Notes: (1) Existing fixed effective January 1, 2026. (2) Beginning FY 2027 monthly service charges are effective January 1 of each fiscal year. (3) Outside City rates are 1.5 times inside City rates. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 28 3.4.3 Volumetric Rates Variable volumetric rates include a base component, which represents the cost to meet the average day demand, a maximum day component, which represents the incremental cost to meet the maximum day demand; and a maximum hour component, which represents the cost to meet the maximum hour demand. Carollo recommends that the City keep its inclining three-tier residential rate structure, where the volume rate increases for each incremental unit of water at each tier. This rate structure encourages water conservation, which is a goal of the City. When designing rates during this Study, Carollo also took a closer look at the low volume users with water use of 2,000 gallons or less. The proposed volumetric rates for Tier 1 (first 2,000 gallons) will not increase for the mid-year FY 2026 rate adjustments, which supports the City’s conservation and affordability efforts. The FY 2026 proposed rates for Inside City customer classes are summarized in the table below: Table 26 Existing and FY 2026 Proposed Water Volumetric Rates Rate Component Existing(1) FY 2026 Proposed(2,3) Difference Volumetric Charges ($/1,000 gallons) Residential Tier 1 (first 2,000 gallons) $4.04 $4.04 $0.00 Tier 2 (2,001 – 15,000 gallons) $5.34 $5.80 $0.46 Tier 3 (> 15,000 gallons) $7.57 $8.70 $1.13 Non-Residential (all usage) $4.72 $4.77 $0.05 Major Industrial (all usage) $3.53 $4.10 $0.57 Irrigation (all usage) $5.34 $8.70 $3.36 Wholesale (all usage) $3.71 $4.25 $0.54 Notes: (1) Rates and charges effective January 1, 2026. (2) Proposed service charge effective July 1, 2026. (3) Proposed Outside City volumetric rates are 1.5x proposed inside City rates. While FY 2026 rates take into account the COS analysis and the City’s goals and objectives, beginning in FY 2027, the volumetric rates can be calculated by escalating the rates and charges by the revenue adjustment percentages. The proposed five-year volume rates are shown in the following table. All rates have been rounded up to the nearest $0.01 to avoid under-collection of revenues. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 29 Table 27 Inside City Existing and Proposed Water Volumetric Rates for the Study Period Rate Component Existing FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Revenue Adjustments 14.0% 16.0% 16.0% 3.0% 3.0% Volumetric Rates ($/1,000 gallons) Residential Tier 1 (first 2,000 gallons) $4.04 $4.04 $4.69 $5.45 $5.62 $5.79 Tier 2 (2,001 – 15,000 gallons) $5.34 $5.80 $6.73 $7.81 $8.05 $8.30 Tier 3 (> 15,000 gallons) $7.57 $8.70 $10.10 $11.72 $12.08 $12.45 Non-Residential (all usage) $4.72 $4.77 $5.54 $6.43 $6.63 $6.83 Major Industrial (all usage) $3.53 $4.10 $4.76 $5.53 $5.70 $5.88 Irrigation (all usage) $5.34 $8.70 $10.10 $11.72 $12.08 $12.45 Wholesale (all usage) $3.71 $4.25 $4.93 $5.72 $5.90 $6.08 Notes: (1) Rates and charges effective January 1, 2026. (2) Proposed service charge effective July 1, 2026. (3) Proposed Outside City volumetric rates are 1.5x proposed inside City rates. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 30 SECTION 4 SEWER SYSTEM ANALYSIS 4.1 Input Data 4.1.1 Current Rates The City’s current sewer rate structure has two components: a fixed monthly charge based on meter size; and a volumetric charge based on the amount of metered water sold. Residential customers have an inclining 2-tiered variable rate structure and are charged based on a five-month winter average to account for water use that does not end up in the sewer system. Non-residential customers are charged a uniform variable rate. The existing rates that took effect on January 1, 2026 are shown in Table 28. Similar to water, inside and outside City customers are charged different rates for service, with outside City’s rates being higher than inside City’s. This difference is to account for the lack of ownership and equity of the City’s system, as well as to support the additional infrastructure required to extend the distribution system outside of the City limits. Table 28 Existing Sewer Rates and Charges Rate Component Inside City Outside City Monthly Water Service Charge 5/8" Meter $13.52 $16.66 5/8" x 3/4" Meter 13.52 16.98 1" Meter 25.94 33.23 1.5" Meter 47.53 66.98 2" Meter 65.37 93.23 3" Meter 140.67 195.74 4" Meter 231.8 286.99 6" Meter 459.37 532.02 8” Meter 687.03 592.02 Volumetric Charges ($/1,000 gallons) Residential Tier 1 (first 2,000 gallons) $5.24 $8.05 Tier 2 (>2,000 gallons) $6.99 $8.05 Non-Residential (all usage) $5.88 $8.05 Major Industrial (all usage) $6.21 $8.05 Wholesale (all usage) $6.09 $6.09 Notes: (1) Outside City sewer rates shown do not include Farmington and Greenland surcharges. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 31 4.1.2 Billing Data 4.1.2.1 Baseline Billing Data The City provided billing data covering FY 2022 through 2024 for the sewer system, including date, customer identifier, meter size, location (inside or outside city), customer type, wastewater flow billed within each tier, and billed dollar amount. Carollo analyzed this data and aggregated usage, and bill counts for each meter size and location. 4.1.2.2 Projected Billing Data To project billing data for the next five years, Carollo used an annual growth assumption of 1.75 percent for all retail classes and locations while keeping wholesale number of accounts steady. Retail per account flow is projected to remain stable, meaning that any change in total projected sewer sales is due to account growth. The baseline and forecasted billing summaries are shown in the following tables. In the rate model, total annual bill counts were used to forecast revenues as the number of accounts fluctuates month to month and total accounts directly corresponds with billed revenue. For purposes of transparency, however, this report provides for the total number of connections. The number of connections was calculated by dividing the number of bills by 12 for each month, even though the actual number of accounts at any given time could deviate from this figure. Table 29 below illustrates the summary of projected number of connections by meter size during the study period. Table 30 summarizes the projected sewer sales based on the billing data analysis. Table 29 Projected Number of Sewer Connections FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Inside City 5/8” 161 164 167 170 173 176 5/8 x ¾” 35,210 35,826 36,453 37,091 37,740 38,401 1" 672 684 696 708 720 733 1.5" 267 272 276 281 286 291 2" 289 294 299 304 309 315 3" 51 52 53 54 55 55 4" 12 12 12 13 13 13 6" 4 4 4 4 4 4 Total Inside City 36,666 37,308 37,960 38,625 39,300 39,988 Outside City 5/8” 9 9 9 9 9 3 5/8 x ¾” 2,867 2,917 2,968 3,020 3,073 3,126 1" 37 38 38 39 40 40 1.5" 5 5 5 5 5 6 2" 2 2 2 2 2 2 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 32 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 3" 0 0 0 0 0 0 4" 0 0 0 0 0 0 6" 0 0 0 0 0 0 Total Outside City 2,919 2,971 3,023 3,075 3,129 3,184 Wholesale 4" 1 1 1 1 1 1 8” 1 1 1 1 1 1 Total Wholesale 2 2 2 2 2 2 Total Number of Connections 39,587 40,280 40,985 41,702 42,432 43,174 Table 30 Current and Projected Sewer Sales FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Sewer Sales (kgal) - Inside City Residential Tier 1 (first 2,000 gallons) 735,608 748,481 761,579 774,907 788,468 802,266 Tier 2 (>2,000 gallons) 861,902 876,985 892,333 907,948 923,837 940,005 Non-Residential (all usage) 786,956 800,728 814,740 828,998 843,506 858,267 Major Industrial (all usage) 297,546 302,753 308,052 313,443 318,928 324,509 Total Inside City Usage (kgal) 2,682,012 2,728,947 2,776,704 2,825,296 2,874,739 2,925,047 Sewer Sales (kgal) - Outside City Residential (all usage) 99,430 101,170 102,941 104,742 106,575 108,440 Non-Residential (all usage) 14,248 14,497 14,751 15,009 15,272 15,539 Major Industrial (all usage) 0 0 0 0 0 0 Total Outside City Flow (kgal) 113,678 115,668 117,692 119,752 121,847 123,980 Sewer Sales - Wholesale (kgal) Elkins 96,697 98,389 100,111 101,863 103,645 105,459 West Fork 77,327 78,680 80,057 81,458 82,884 84,334 Total Wholesale Flow (kgal) 174,024 177,069 180,168 183,321 186,529 189,793 Total (kgal) 2,969,714 3,021,684 3,074,563 3,128,368 3,183,115 3,238,819 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 33 4.1.3 Expenses 4.1.3.1 Budget Data The City provided Carollo with its currently adopted FY 2025 budget to use as a base for forecasting. The budget provided is for water and sewer combined. Carollo worked closely with City staff to identify how to split costs between two funds and allocated the costs appropriately to each fund based on these discussions. Additionally, costs were escalated based on the percentages shown in Table 5. The baseline and projected operating budget expenses are summarized in Table 31. Table 31 Baseline and Projected Sewer Operating Expenses ($ Thousands) FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Utilities Director (1800) $127 $129 $135 $140 $146 $151 Utilities Project Management (4020) $258 $244 $255 $267 $279 $287 Utilities Financial Services (1810) $1,619 $1,865 $1,936 $2,010 $2,087 $2,150 Meter Reading (1820) $149 $165 $172 $179 $186 $191 Operations & Administration (4000) $4,216 $3,897 $4,046 $4,209 $4,378 $4,533 Sewer Mains Maintenance (4410) $2,980 $3,148 $3,266 $3,390 $3,518 $3,624 Water & Sewer Connections (5620) $735 $786 $816 $847 $879 $906 Trustee & Pay Agent Fees $209 $209 $0 $0 $0 $0 WWTP Administration & SCADA (5100) $2,368 $2,368 $1,980 $2,039 $2,101 $2,164 WWTP East Side Operations (5110) $7,759 $7,762 $8,011 $8,269 $8,536 $8,792 WWTP West Side Operations (5120) $2,501 $2,507 $2,598 $2,692 $2,790 $2,874 WWTP Lab/IPP (5130) $534 $534 $550 $567 $584 $601 WWTP Lift Station Maintenance (5140) $1,208 $1,286 $1,332 $1,380 $1,430 $1,473 Total Operating Expenses $24,663 $24,900 $25,098 $25,989 $26,914 $27,744 4.1.3.2 Capital Improvement Plan Expenses The City provided the FY 2026 through 2030 CIP, which has been approved by City Council, along with planned funding for each project. These expenses were already escalated and provided in future dollars. Most CIP expenses are for routine repair and replacement (R&R) of sewer system infrastructure and are planned to be cash-funded through either rate revenues in the year they are collected, or unrestricted reserves, if available after meeting the City’s target reserve level. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 34 The City also funds CIP through impact fee revenues. Impact fees are one-time fees paid by new connections to fund infrastructure needed to expand capacity to meet this growth. Impact fees are deposited in a restricted fund and reserved for these growth-related projects. The summarized five-year CIP and funding allocation are shown below. Table 32 Projected Sewer Capital Improvement Plan and Funding ($ Thousands) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 CIP SS Rehabilitation $2,800 $870 $870 $2,870 $2,870 Improvements Defined by Study $0 $0 $300 $300 $0 Relocations for Bond Projects $250 $250 $250 $250 $250 Rate Operations Study $10 $10 $10 $20 $20 Impact Fee Cost Sharing $75 $75 $75 $75 $75 WWTP Improvements $1,700 $1,700 $1,700 $1,700 $1,700 Equipment Expansions $25 $25 $25 $25 $25 Technology Equipment Replacements $10 $73 $15 $54 $25 Building/Office Improvements $50 $50 $50 $50 $50 Phosphorus Standards Management $50 $50 $50 $50 $50 Utilities Financial Services Improvements $8 $3 $2 $8 $8 Total Funding Needed $4,978 $3,106 $3,346 $5,402 $5,072 Funding New Debt $0 $0 $0 $0 $0 Impact Fees $2,300 $853 $1,153 $2,653 $2,353 Remaining Funding Needed from Rates $2,678 $2,253 $2,194 $2,749 $2,720 Total Funding Allocated $4,978 $3,106 $3,346 $5,402 $5,072 4.1.3.3 Debt Service The City does not have existing debt obligations that are paid with sewer rate revenue. Additionally, while there is no future debt issuances projected in the Study period, the City should evaluate its capital funding strategy as the CIP changes. 4.1.4 Revenues 4.1.4.1 Projected Rate Revenues under Existing Rates Carollo first forecasted rate revenues for the next five years assuming rate adjustments from the City ordinance, which includes a 3 percent annual increase for the Study period. This forecast took the existing rates (Table 28) and calculated revenues based on the projected sewer sales and bills from Tables 29 and 30. By calculating the baseline rate revenue under existing rates and doing this exercise, Carollo identified any revenue shortfalls under existing rates. Projected revenues before rate adjustments are shown in Table 33. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 35 Table 33 Projected Sewer Revenues under Existing Rates ($ Thousands) FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Sewer Sales Revenue $27,259 $28,568 $29,940 $31,378 $32,885 Operations & Administration (4000) $316 $310 $326 $347 $366 Sewer Distribution Maintenance (4410) $30 $30 $31 $31 $32 WWTP Administration & SCADA (5100) $406 $418 $431 $443 $457 Total Sewer Revenues $28,011 $29,327 $30,727 $32,200 $33,740 4.2 Sewer System Revenue Requirements The revenue requirement analysis is a comprehensive test of a utility’s fiscal health, scrutinizing the adequacy of current revenues and setting the basis for short-term and long-term rate planning. It reviews the utility’s revenues, expenses, debts, and reserve policies, assessing the viability of each metric going forward. Where cash flow and balances are insufficient, the revenue requirement analysis determines the additional cash flow needed to meet all funding goals. 4.2.1 Revenue Requirement Tests Similar to water, Carollo used two sufficiency tests to define the annual sewer revenue requirement: (1) reserve target test and (2) debt service coverage test.  Reserve Target Test: Measures if a utility is generating enough revenue to meet the City’s minimum operating reserve balance to ensure continuations of their operations and any financial obligations. This test is not legally binding but provides assurance for a utility’s financial stability and is often based on the reserve policies adopted by the City Council. When the year-end balance falls short of the desired target, a rate increase is recommended. This reserve target ranges by utility, depending on capital needs and service demands.  Debt Service Coverage Test: Assesses a utility’s ability to meet their annual debt service obligations. Bond issuances regularly include covenants requiring the agency to maintain sufficient cash flows to meet annual debt service payments plus an additional amount. Typical DSCRs range from 1.20 times to 1.50 times annual debt service, depending on the terms of debt instrument issued. Since there is no existing or anticipated future debt associated with the sewer system during the Study period, the revenue requirement analysis for the City’s sewer system was conducted based on the reserve target test only. 4.2.2 Reserve Target Test The reserve target test assesses the adequacy of the rates to maintain end-of-year unrestricted reserve balances at or above the City’s policy target. Historically, the City’s annual operating reserve minimum was 10 percent of O&M expenses. Industry best practices are an operating reserve of 90 to 180 days of annual O&M expenses. To be more in line with industry standards and provide financial security, Carollo recommended the City increase its sewer operating reserve minimum to the greater of 10 percent of O&M or $5 million for the sewer fund. The total water and sewer combined minimum reserve is set at $12 million starting in FY 2026. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 36 The reserve balance forecast under the existing rate ordinance is outlined in Table 34. Table 34 Projected Sewer Reserve Balance Under Existing Rate Ordinance ($ thousands) Component FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Ordinance Rate Adjustments 3.0% 3.0% 3.0% 3.0% Beginning Reserve Balance $3,910 $4,344 $6,319 $8,864 $11,400 Sources of Funds Rate Revenues $27,259 $28,568 $29,940 $31,378 $32,885 Other Revenues $752 $758 $787 $822 $855 Total Sources of Funds $28,011 $29,327 $30,727 $32,200 $33,740 Uses of Funds Operating Expenses $24,900 $25,098 $25,989 $26,914 $27,744 Debt Service $0 $0 $0 $0 $0 Cash Funded CIP $2,678 $2,253 $2,194 $2,749 $2,720 Total Uses of Funds $27,577 $27,351 $28,183 $29,663 $30,464 Cash Flow $434 $1,975 $2,544 $2,537 $3,276 Ending Reserve Balance $4,344 $6,319 $8,864 $11,400 $14,676 Reserve Balance Target $5,000 $5,000 $5,000 $5,000 $5,000 Surplus / (Deficit) ($656) $1,319 $3,864 $6,400 $9,676 As shown, the rates under the existing rate ordinance are sufficient to meet the reserve target throughout the rate-setting period, with exception for FY 2026. For the City’s sewer system, Carollo recommends the City adhere to the 3 percent annual rate increase outlined in its existing rate ordinance for FY 2027 through FY 2030. This increase applies to both the monthly service charge and volumetric rates. With the proposed water rate adjustments, the combined water and sewer reserve balance would satisfy the combined minimum reserve target balance of $12 million in FY 2026 and beyond during the Study period. 4.3 Sewer Proposed Rates With the proposed rate adjustments projected to support the $5 million reserve minimum for the City, the proposed rates can be calculated by escalating the rates and charges by the percentages shown in Table 35, which also aligns with the City sewer rate ordinance. The proposed five-year rates are shown in the following tables. All rates have been rounded up to the nearest $0.01 to avoid under-collection of revenues. Rates for all fiscal years are set to take effect at the start of the fiscal year (January 1). Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 37 Table 35 Inside City Proposed Sewer Rates and Charges for the Study Period Rate Component FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Monthly Sewer Service Charge 5/8" Meter $13.52 $13.93 $14.35 $14.79 $15.24 5/8" x 3/4" Meter $13.52 $13.93 $14.35 $14.79 $15.24 1" Meter $25.94 $26.72 $27.53 $28.36 $29.22 1.5" Meter $47.53 $48.96 $50.43 $51.95 $53.51 2" Meter $65.37 $67.34 $69.37 $71.46 $73.61 3" Meter $140.67 $144.90 $149.25 $153.73 $158.35 4" Meter $231.80 $238.76 $245.93 $253.31 $260.91 6" Meter $459.37 $473.16 $487.36 $501.99 $517.05 8” Meter $687.03 $707.65 $728.88 $750.75 $773.28 Volumetric Rates ($/1,000 gallons) Residential Tier 1 (first 2,000 gallons) $5.24 $5.40 $5.57 $5.74 $5.92 Tier 2 (>2,000 gallons) $6.99 $7.20 $7.42 $7.65 $7.88 Non-Residential (all usage) $5.88 $6.06 $6.25 $6.44 $6.64 Major Industrial (all usage) $6.21 $6.40 $6.60 $6.80 $7.01 Wholesale (all usage) $6.09 $6.28 $6.47 $6.67 $6.88 Notes: (1) Rates and charges effective January 1 of each fiscal year. (2) Outside City rate factors vary by meter size and are unchanged from the current rate ordinance. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 38 SECTION 5 COMBINED BILL IMPACT The following table summarizes the combined water and sewer bill impacts for select customer classes and usage over the duration of the rate-setting period. In FY 2026 the bill increase varies by each customer class due to the proposed water rates being more aligned with the cost to provide service. In FY 2027 and FY 2028 all customer classes will see an average of a 9 percent increase on their total combined bill, and in FY 2029 and FY 2030 all customers will experience an average 3 percent increase on their total combined bill. Table 36 Combined Inside City Bill Impacts Under Existing and Proposed Rates for the Study Period Customer Class Existing Bill FY 2026 Bill FY 2027 Bill FY 2028 Bill FY 2029 Bill FY 2030 Bill Residential 5/8" meter, 2 kgals $39.93 $39.93 $43.22 $46.96 $48.40 $49.88 5/8" meter, 4 kgals $64.59 $65.51 $71.08 $77.42 $79.80 $82.24 5/8" meter, 10 kgals $138.57 $142.25 $154.66 $168.80 $174.00 $179.32 Non-residential 5/8" meter, 10 kgals $127.37 $127.87 $139.04 $151.72 $156.38 $161.16 1" meter, 50 kgals $567.24 $569.74 $619.83 $676.74 $697.53 $718.87 Industrial 2" meter, 1,000 kgals $9,834.89 $10,404.89 $11,261.59 $12,239.10 $12,612.39 $13,005.77 6" meter, 5,000 kgals $49,372.55 $52,222.55 $56,520.45 $61,424.22 $63,297.46 $65,271.39 Notes: (1) There is a FY 2026 mid-year rate increase for water rates only. As part of the Study, Carollo completed a survey of water and sewer rates for utilities in Northwest Arkansas, with a focus on the cities that purchase water directly from BWD (Springdale, Rogers, and Bentonville). All three of these cities have recently passed water and sewer rate increases in response to the increased cost of purchased water, escalating O&M costs, and major CIP needs, similar to what the City is currently experiencing. Figure 3 shows that with the recommended rates in place, a typical combined bill for a City resident will be slightly less than a similar bill in Springdale and significantly less than the bills that residents in Rogers and Bentonville will experience over the next 5 years. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 39 Figure 3 Northwest Arkansas Water and Sewer Rate Comparison Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 40 SECTION 6 IMPACT FEE ANALYSIS Impact fees, sometimes referred to as capacity or system development charges, are one-time fees assessed on new system connections for water or sewer service. As the City manages its water and sewer systems, it needs to estimate a certain level of capacity required to serve peak day and peak wet weather flow for existing and future customers. The impact fee valuates the reservation of system capacity to serve that new and/or modified connection. Carollo relied on City policies, industry best practice, and Arkansas statutory guidance when developing the analysis in the Study. As with any fee analysis, the City prioritizes COS as a foundation of setting the capacity fee. Several additional key criteria were at the center of this analysis:  Do the impact fees represent a reasonable nexus to the costs incurred by the City on behalf of future customers and the benefits received?  Is the impact fee methodology consistent with standards established in the AWWA M1 Manual: Principles of Water Rates, Fees, and Charges, and the WEF MOP 27?  Do the methodology and the resulting recommendations meet City policies and adhere to applicable legal requirements?  Are the fees equitable for current and future ratepayers and do they reflect system investment contributions? By setting these guiding principles, the results of this analysis are developed with legal, policy, and fiscal goals in mind. 6.1 Existing Impact Fees The City’s existing impact fees are based on an impact fee study completed by a different consultant in 2007. In 2009 the City elected to implement approximately one-third of the allowable impact fee recommended by the consultant. Additionally, the consultant recommended the City charge a per dwelling unit fee for single family residential and multi-family residential and a fee per meter based on meter size for non-residential development. In the City ordinance, multi-family development with a master meter can be charged either by meter size or per dwelling unit. The following table summarizes the City’s existing water and sewer impact fees. Table 37 Existing Impact Fees Customer Class Water Sewer Total Impact Fee Residential Single Family (per dwelling unit) $971 $872 $1,843 Multi-Family (per dwelling unit) $691 $620 $1,311 Non-Residential 5/8" x 3/4" Meter $971 $872 $1,843 1" Meter $2,428 $2,180 $4,608 1.5" Meter $4,855 $4,360 $9,215 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 41 Customer Class Water Sewer Total Impact Fee 2" Meter $7,768 $6,976 $14,744 3" Meter $15,536 $13,952 $29,488 4" Meter $24,275 $21,800 $46,075 6" Meter $48,550 $43,600 $92,150 8” Meter $77,680 $69,760 $147,440 10” Meter $111,665 $100,280 $211,945 6.2 Methodology The impact fee is based on a relatively straightforward calculation: divide system value by system capacity, yielding an estimate of the cost to build one unit of capacity. This is demonstrated in Equation 1. Equation 1 Impact Fee Conceptual Formula 𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼 𝐹𝐹𝐹𝐹𝐹𝐹=𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆 𝑉𝑉𝑉𝑉𝑉𝑉𝑉𝑉𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆 𝐶𝐶𝑉𝑉𝐶𝐶𝑉𝑉𝐶𝐶𝐶𝐶𝑆𝑆𝑆𝑆 Despite this simple equation, quantifying system value and capacity inputs can be complex and will vary from utility based on several factors, including but not limited to:  Age, size, and density of the system.  Planned expansion-related capital projects.  Anticipated growth.  Ability to discharge treated wastewater. Selecting the most appropriate methodology for any utility depends on the nature of the system, the level of planned investment, and the projected capacity needs. The available methodologies along with the rationale behind their selection are detailed later in this section. 6.2.1 Impact Fee Components 6.2.1.1 Assessing System Value The first component of the impact fee is system value. This can be the value of the existing system, future system, or a combination of both, depending on which methodology is chosen. An important consideration – and what often presents the most difficulty – is using a system value that represents the system capacity (not demand) served in the denominator. The two should be in alignment. System value should be excluded if it is not represented by the system capacity, and vice versa. This step is further complicated by the nature of investments and depreciation. It is sometimes challenging to delineate the infrastructure (or a portion thereof), repairs, or replacements serving only future connections or assess its retained residual value after full depreciation. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 42 6.2.1.2 Determining System Capacity The denominator of the impact fee is system capacity. While the calculation is straightforward, the challenge is defining the system capacity in a unit of measure that can be assessed to a new or modified connection, such as equivalent dwelling units (EDU) served or a unit cost per gallons per day. For example, a utility may know that its sewer system treatment capacity is 21 million gallons per day, but it may be difficult to convert that capacity into service units and divided into system value to yield a per service unit fee. 6.2.1.3 Calculating the Impact fee After determining the system value and capacity, the impact fee is calculated by dividing system value by system capacity. The utility can then assess its impact fee for new connections using a selected fee assessment approach, which is discussed in the following subsection. 6.2.2 Impact Fee Methodologies There are three industry-accepted methodologies for calculating impact fees: the buy-in method, incremental cost method, and a hybrid or combined approach. For this Study, Carollo calculated impact fees using the incremental method, consistent with the previous Study and State regulations. To understand this decision better, it is helpful to understand all the options. 6.2.2.1 Buy-In Method The buy-in approach is most appropriate when existing capacity is sufficient to serve both existing and forecasted future connections and planned capital investment projects are minimal. These utilities typically have some “buffer capacity” after constructing excess infrastructure that can meet new connections. The purpose of the buy-in approach is to recover costs that have already been incurred by the City. Existing customers have paid for this system over time through their user rates (through direct capital financing or retired debt). The buy-in approach (or this component, in the hybrid approach discussed below) of an impact fee provides a mechanism to reimburse existing system users for the carrying costs of constructing system capacity that is available for future users. The fee is calculated by dividing the total system value by the total current capacity of the system, including all used and unused capacity, as seen in Equation 2. Equation 2 Buy-In Method Impact Fee Formula 𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼 𝐹𝐹𝐹𝐹𝐹𝐹=𝐸𝐸𝐸𝐸𝐶𝐶𝑆𝑆𝑆𝑆𝐶𝐶𝐸𝐸𝐸𝐸 𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆 𝑉𝑉𝑉𝑉𝑉𝑉𝑉𝑉𝑆𝑆𝐸𝐸𝐸𝐸𝐶𝐶𝑆𝑆𝑆𝑆𝐶𝐶𝐸𝐸𝐸𝐸 𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆 𝐶𝐶𝑉𝑉𝐶𝐶𝑉𝑉𝐶𝐶𝐶𝐶𝑆𝑆𝑆𝑆 (𝐸𝐸𝐸𝐸𝐸𝐸𝑆𝑆 𝑜𝑜𝑜𝑜 𝐺𝐺𝐺𝐺𝐸𝐸) Existing System Value Determining existing system value begins with a valuation of all assets currently owned by the utility. This is then adjusted by several factors, resulting in an estimate of system value that represents the total net equity held in the system by the utility’s existing customers. AWWA’s M1 manual outlines four possible valuation approaches: Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 43 Table 38 System Valuation Approaches from M1 Method Asset Valuation Approach Original Cost Nominal value paid at the time of construction. Net Book Value Original value, less accumulated depreciation. RCN Original cost, adjusted to represent cost of replacement in current dollars; no depreciation is subtracted. RCNLD (as New) Original cost less accumulated depreciation, adjusted to represent cost of replacement in current dollars. Notes: RCNLD - Replacement Cost New Less Depreciation; RCN – Replacement Cost New Neither AWWA nor WEF dictate a specific valuation methodology. Carollo recommends the RCNLD approach for this Study. The first part of this approach is calculating the RCN by escalating the Original Cost to build each asset to present-day dollars using the Engineering News-Record Construction Cost Index (ENR-CCI). Values can be inflated based on the ENR-CCI of one of twenty cities or a 20-city average; due to location, Carollo chose the latter. Then, accumulated depreciation is similarly escalated and deducted, resulting in the RCNLD. The existing system value also includes any work in progress (WIP) and cash reserves. However, it must adjust for costs that have not yet been incurred by the utility. For this Study, those are contributed assets and debt service principal for the system. Contributed or donated assets are deducted because current system users did not pay for the construction of these assets and thus do not own equity in these assets. Therefore, it would be inappropriate for future users to reimburse current customers for assets which they did not fund. For the same reason, all outstanding principal on existing debt service of the current system is deducted because existing users have not yet paid for that portion of the assets and so should not be reimbursed. After deducting contributed assets and outstanding principal from the RCNLD asset value, the result can be divided by the existing system capacity to calculate impact fees using the buy-in method. 6.2.2.2 Incremental Cost Method In contrast with the buy-in approach, which can be described as “backward-looking” by valuating historical system investment and capacity, the incremental approach is “forward-looking” by capturing planned expansion and growth of the system. The buy-in approach typically serves built-out systems better than systems that are growing and expanding. While the buy-in approach looks at the unit cost of existing capacity in the system, the incremental approach looks at the cost to add marginal capacity to a system where that demand cannot be served by existing capacity. The incremental approach can be neatly summed up by the philosophy of “growth pays for growth.” In contrast to the buy-in approach of valuating the cost of capacity as the existing system assets, the incremental approach is based on the cost of expanded future capacity. To estimate this, the CIP is allocated to either R&R of the existing assets or the installation of new assets for new capacity. The costs are reflected in present day dollars, regardless of project timing. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 44 Not all projects fit entirely in one allocation or the other; some may serve both categories. For instance, a pipeline R&R can have an expansion element to it if the pipeline replacement is upsized from the original pipe diameter and adds capacity or if a portion of the replaced pipeline capacity is unused and available to serve future connections. Once the projects are allocated between R&R and growth, the expansion CIP portion of the equation is ready. When there is available existing capacity within the built system, it is appropriate to also include the value of that capacity in the incremental cost method because it was built for future users. Similar to the buy-in method, the incremental cost method calculation divides system value by the capacity served by those assets. However, because it is critical for the value used in the numerator to represent the capacity in the denominator, the incremental cost method impact fee divides the sum of expansion CIP and available asset value by net future capacity available for new connections (future system capacity less existing demand), as seen in Equation 3. Equation 3 Incremental Cost Method Impact Fee Formula 𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼 𝐹𝐹𝐹𝐹𝐹𝐹=𝐸𝐸𝐸𝐸𝐶𝐶𝑉𝑉𝐸𝐸𝑆𝑆𝐶𝐶𝑜𝑜𝐸𝐸 𝐶𝐶𝐶𝐶𝐺𝐺+𝑉𝑉𝑉𝑉𝑉𝑉𝑉𝑉𝑆𝑆 𝑜𝑜𝑜𝑜 𝐸𝐸𝐸𝐸𝐶𝐶𝑆𝑆𝑆𝑆𝐶𝐶𝐸𝐸𝐸𝐸 𝐴𝐴𝐴𝐴𝑉𝑉𝐶𝐶𝑉𝑉𝑉𝑉𝐴𝐴𝑉𝑉𝑆𝑆 𝐶𝐶𝑉𝑉𝐶𝐶𝑉𝑉𝐶𝐶𝐶𝐶𝑆𝑆𝑆𝑆𝐹𝐹𝑉𝑉𝑆𝑆𝑉𝑉𝑜𝑜𝑆𝑆 𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆 𝐶𝐶𝑉𝑉𝐶𝐶𝑉𝑉𝐶𝐶𝐶𝐶𝑆𝑆𝑆𝑆 −𝐸𝐸𝐸𝐸𝐶𝐶𝑆𝑆𝑆𝑆𝐶𝐶𝐸𝐸𝐸𝐸 𝐸𝐸𝑆𝑆𝑆𝑆𝑉𝑉𝐸𝐸𝐷𝐷 6.2.2.3 Hybrid Method Some agencies have a sizable existing system plus significant expansion CIP on the horizon. To appropriately capture the capacity built for future customers as well as reimburse existing customers for the built system, a hybrid approach combines elements from each methodology to form one impact fee. The system valuation accounts for both the RCNLD of the existing system and expansion CIP. The corresponding capacity in the denominator is the sum of total capacity served at the end of the CIP forecast, as shown in Equation 4. Equation 4 Hybrid Method Impact Fee Formula 𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼 𝐹𝐹𝐹𝐹𝐹𝐹=𝑉𝑉𝑉𝑉𝑉𝑉𝑉𝑉𝑆𝑆 𝑜𝑜𝑜𝑜 𝐸𝐸𝐸𝐸𝐶𝐶𝑆𝑆𝑆𝑆𝐶𝐶𝐸𝐸𝐸𝐸 𝐴𝐴𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆+𝐸𝐸𝐸𝐸𝐶𝐶𝑉𝑉𝐸𝐸𝑆𝑆𝐶𝐶𝑜𝑜𝐸𝐸 𝐶𝐶𝐶𝐶𝐺𝐺𝑇𝑇𝑜𝑜𝑆𝑆𝑉𝑉𝑉𝑉 𝐺𝐺𝑜𝑜𝑜𝑜𝑃𝑃𝑆𝑆𝐶𝐶𝑆𝑆𝑆𝑆𝐷𝐷 𝐶𝐶𝑉𝑉𝐶𝐶𝑉𝑉𝐶𝐶𝐶𝐶𝑆𝑆𝑆𝑆 6.2.3 Assessment Basis The assessment basis is the unit of measure used when determining what the fee will be for an individual connection. Historically, the City used an EDU (per unit) for Residential customers and meter sizes for all other customers. Currently the City gives master metered multifamily developers the option of the EDU or meter size assessment. 6.2.3.1 Equivalent Dwelling Unit Projections Account data is collected from the City’s billing data and converted into EDUs which is the standard measure of demand expressed as water usage and wastewater discharge for an average household unit. For the City, one water EDU is equivalent to 235 gallons per day (gpd), and one sewer EDU is equivalent to 233 gpd. The projection of EDUs over the next 10 years helps determine what portion of planned capital improvements will be eligible for inclusion in the subsequent impact fee calculation. The following table presents the projected number of EDUs for water and sewer. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 45 Table 39 Projected Water and Sewer EDUs (2025-2035) Component Usage (1,000 gallons) EDUs 2025 2035 2025 2035 Change Water 6,988,432 8,050,431 81,308 93,664 12,356 Sewer 2,795,690 3,292,757 62,130 73,176 11,047 6.3 Water System Impact Fee The City currently has system capacity available to accommodate a portion of the additional EDUs projected over the next 10 years. The City also has upcoming CIP projects for the distribution system that will expand capacity for future users. Therefore, this Study maintained the incremental approach for calculating the capacity. 6.3.1 Water System Valuation While the City’s water system is mostly built out, some water system assets are available to serve new customers. The first step in calculating the water impact fee is to determine the eligible existing system assets to be included in the fee. The existing system value is calculated by adding, RCNLD, WIP, and outstanding interest, then subtracting contributed assets and debt service principal. As summarized in Table 36, only 9.7 percent of the existing transmission system and storage and 2.3 percent of the distribution assets are eligible to serve new customers over the next 10 years. Table 40 Existing Water System Valuation Calculation ($ thousands) Component Transmission Distribution Storage Total Fixed Assets (RCNLD) $14,173 $232,897 $2,166 $249,236 WIP $85,000 $12,618 $0 $97,618 Outstanding Interest $6,561 $0 $0 $6,561 Less: Debt Service Principal $85,000 $0 $0 $85,000 Less: Contributed Assets $0 $83,680 $0 $83,680 Total Existing System Value $20,734 $161,834 $2,166 $184,734 Total Eligible Capacity 9.7% 2.3% 9.7% Total Eligible Existing System Value $2,011 $3,672 $210 $5,893 The future system value is based on upcoming capital projects within the next 10 years that are related to serving new customers. Table 41 shows future projects related to customer expansion. As shown, only distribution system projects are related to expansion. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 46 Table 41 Water Capital Projects Related to Expansion ($ Thousands) Capital Project System Expansion Related 10-Year Total Ash St. PS & 12" WL Distribution 100% $4,720 S. School Ave. Bottleneck Distribution 100% $1,110 18" WL to Elkins (1.8 miles) Distribution 100% $7,200 Kessler Booster PS Distribution 100% $4,239 HWY 112 N. Relocations Distribution 100% $500 North College Waterline Replacements Distribution 100% $13,200 Total Future System Value $30,969 Similar to the eligible existing system value, only a portion of the capital projects will serve the anticipated number of EDUs added to the water system over the next 10 years. Below summarizes the eligible future system value. Table 42 Future Water System Valuation Calculation ($ Thousands) Component Transmission Distribution Storage Total Total Future Systems Improvements $0 $30,969 $0 $30,969 Less: Contributed Assets $0 $0 $0 $0 Total Future System Value $0 $30,969 $0 $30,969 Total Eligible Capacity N/A 87.6% N/A Total Eligible Future System Value $0 $27,124 $0 $27,124 6.3.2 Proposed Water Impact Fee Now that the eligible existing and future water system values have been determined, the impact fee calculation as a dollar per EDU is $2,672, as outlined below. Table 43 Proposed Water Impact Fee Calculation Component Transmission Distribution Storage Total Total Eligible System Value ($ Thousands) $2,011 $30,796 $210 Added EDUs 12,356 12,356 12,356 Water Impact Fee ($ per EDU) $163 $2,492 $17 $2,672 Carollo recommends the City charge residential and multifamily customers on a per dwelling unit basis. As multifamily dwelling units typically do not use as much water as a single family home, an EDU factor for multifamily is 0.71 is applied, resulting in a lower fee per unit than that of a single family home. Carollo recommends charging non-residential development per meter based on meter size. The schedule below shows the recommended water impact fee schedule. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 47 Table 44 Recommended Water Impact Fees Customer Class Existing Proposed Difference Residential Single Family (per dwelling unit) $971 $2,672 $1,701 Multi-Family (per dwelling unit) $691 $1,897 $1,206 Non-Residential 5/8" x 3/4" Meter $971 $2,672 $1,701 1" Meter $2,428 $6,680 $4,252 1.5" Meter $4,855 $13,361 $8,506 2" Meter $7,768 $21,377 $13,609 3" Meter $15,536 $42,754 $27,218 4" Meter $24,275 $66,803 $42,528 6" Meter $48,550 $133,606 $85,056 8” Meter $77,680 $213,770 $136,090 10” Meter $111,665 $307,294 $195,629 6.4 Sewer System Impact Fee The City currently has system capacity available in the current to accommodate a portion of the projected additional EDUs over the next 10 years. The City also has upcoming CIP projects for the collection and treatment systems that will expand capacity for future users. Therefore, this Study maintained the incremental approach for calculating the capacity. 6.4.1 Sewer System Valuation Similar to the water system, there is a portion of the existing sewer system available to serve new customers. Table 45 shows the calculation of the sewer eligible existing system assets that can be included in the fee. Table 45 Existing Sewer System Valuation Calculation ($ thousands) Asset Category Collection Treatment Total Fixed Assets (RCNLD) $229,645 $87,357 $317,002 WIP $0 $0 $0 Outstanding Interest $0 $0 $0 Less: Debt Service Principal $0 $0 $0 Less: Contributed Assets $62,721 $0 $62,721 Total Existing System Value $166,924 $87,357 $254,281 Total Eligible Capacity 2.6% 11.7% Total Eligible Existing System Value $4,419 $10,191 $14,610 The future system value is based on upcoming capital projects within the next 10 years that are related to serving new sewer customers. Table 46 shows future projects related to customer expansion. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 48 Table 46 Sewer Capital Projects Related to Expansion ($ Thousands) Capital Project System Expansion Related 10-Year Total LS-22 Owl Creek Upgrades Collection 100% $1,030 Mally Wagnon Outfall 18" SS Collection 100% $4,270 Dead Horse to Mally Wagnon 18" SS Collection 100% $4,190 LS-40, 41, 46 and 27 Elimination Collection 100% $1,530 LS-14 Industrial Park Upgrades Collection 100% $4,310 Goose Creek Interceptor + LS-44 Elimination Collection 100% $2,130 Greenland Sewer Cost Share Collection 100% $1,050 Total Future System Value $18,510 Unlike the eligible existing system value, 100 percent of the capital projects related to growth will serve the anticipated number of EDUs added to the sewer system over the next 10 years. Below summarizes the eligible future system value. Table 47 Sewer Future System Valuation Calculation ($ Thousands) Component Collection Treatment Total Total Future Systems Improvements $18,510 $0 $18,510 Less: Contributed Assets $0 $0 $0 Total Future System Value $18,510 $0 $18,510 Total Eligible Capacity 100.0% 0.0% Total Eligible Future System Value $18,510 $0 $18,510 6.4.2 Proposed Sewer Impact Fee Now that the eligible existing and future sewer system values have been determined, the sewer impact fee calculation as a dollar per EDU is $2,998, as outlined below. Table 48 Proposed Sewer Impact Fee Calculation Component Collection Treatment Total Total Eligible System Value $22,929 $10,191 $33,120 Added EDUs 11,047 11,047 11,047 Sewer Impact Fee ($ per EDU) $2,076 $922 $2,998 Carollo recommends the City charge sewer residential and multifamily development per dwelling unit, keeping with the multifamily EDU factor of 0.71. Carollo recommends charging non-residential developments per meter based on meter size. The schedule below shows the recommended sewer impact fee schedule. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 49 Table 49 Recommended Sewer Impact Fees Customer Class Existing Proposed Difference Residential Single Family (per dwelling unit) $872 $2,998 $2,126 Multi-Family (per dwelling unit) $620 $2,129 $1,509 Non-Residential 5/8" x 3/4" Meter $872 $2,998 $2,126 1" Meter $2,180 $7,496 $5,316 1.5" Meter $4,360 $14,991 $10,631 2" Meter $6,976 $23,986 $17,010 3" Meter $13,952 $47,972 $34,020 4" Meter $21,800 $74,956 $53,156 6" Meter $43,600 $149,911 $106,311 8” Meter $69,760 $239,858 $170,098 10” Meter $100,280 $344,796 $244,516 6.5 Combined Impact Fee Comparison The proposed combined water and sewer impact fee schedule is shown in Table 50. Table 50 Existing and Proposed Combined Water and Sewer Impact Fees Customer Class Existing Proposed Difference Residential Single Family (per dwelling unit) $1,843 $5,670 $3,827 Multi-Family (per dwelling unit) $1,311 $4,026 $2,715 Non-Residential 5/8" x 3/4" Meter $1,843 $5,670 $3,827 1" Meter $4,608 $14,176 $9,568 1.5" Meter $9,215 $28,352 $19,137 2" Meter $14,744 $45,363 $30,619 3" Meter $29,488 $90,726 $61,238 4" Meter $46,075 $141,759 $95,684 6" Meter $92,150 $283,517 $191,367 8” Meter $147,440 $453,628 $306,188 10” Meter $211,945 $652,090 $440,145 As part of the Study, Carollo completed a survey of water and sewer impact fees for utilities in Northwest Arkansas. The figure below illustrates that the City currently has the lowest combined impact fee of the utilities surveyed, while the proposed fees are within the middle range of the group. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 50 Figure 4 Northwest Arkansas Water and Sewer Impact Fee Comparison Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY APRIL 2026 / FINAL / CAROLLO CITY OF FAYETTEVILLE 2026 WATER AND SEWER RATE AND IMPACT FEE STUDY 51 SECTION 7 CONCLUSION In order to meet its financial obligations and secure financial stability, Carollo recommends the City implement the rates and charges proposed for FY 2026 through FY 2030 that are detailed in this report. The resulting revenues generated by the rates will allow the City to meet its financial commitments, achieve necessary capital funding objectives, and absorb the large inflationary cost increases that have occurred in recent years. Projected water rate revenue is based on proposed water rates being implemented on July 1, 2026, and then January 1 of each year thereafter. Projected sewer rates rate revenue is based on proposed sewer rates being implemented on January 1 of each year starting in FY 2027. Regulatory requirements, economic conditions, weather events, system emergencies, and other factors can influence the revenue recovered and/or required for sufficiently maintaining the utility. Therefore, these projections should be revisited annually and updated as necessary, within a five year period. Carollo also recommends the City implement the full water and sewer impact fees discussed in Section 5 of this report. The proposed water and sewer rate adjustments for the rate-setting period assume that impact fee revenue will partially fund projects outlined in the CIP. The impact revenue projected in this Study is based on 100 percent fee implementation. Carollo recommends the City update its water and sewer impact fees at least every five years. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 1 of 16 51.136 Monthly Water Rates Effective as of the first billing statements issued after December 31, 2023June 30, 2026, the following monthly rates shall be fixed as rates to be charged for water furnished by the waterworks system of the city, which rates the City Council finds and declares to be reasonable and necessary minimum rates to be charged. All non- emergency water uses shall be billed to the user, to include but not limited to water used for: use within structures; business; manufacturing; irrigation; retail by another water utility; city uses; educational purposes; medical purposes; water system routine non-emergency uses; wastewater system routine non-emergency uses; non-profit uses; fire department non-emergency uses to include training and equipment calibration; construction of new water mains; street cleaning; and wet down of construction sites and materials. Emergency water use that does not pass through a water system meter shall not be billed, including firefighting, water leaks, water leak repair, and emergency water line flushing. The volumes used for these emergency purposes should be estimated and submitted monthly to the Business Office Manager and the Water/Sewer Operations Manager. (A) Monthly Water Rates. (1) The water usage of each customer shall be determined each month by meter measurement and the amount per 1,000 gallons to be paid for water usage by each customer shall be computed on the basis of the following schedule of rates. Table A-1 Monthly Water Rates Prior to January 1, 2024 July 1, 2026 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $3.51 $4.04 $4.04 $5.10 Next 13,000 $4.65 $5.34 $5.35 $6.75 Residential Over 15,000 $6.59 $7.57 $7.54 $9.57 Non-Residential First 300,000 All Usage $3.79 $4.72 $4.38 $5.75 Over 300,000 $3.39 $3.90 Major Industrial All Usage $2.96 $3.53 $3.40 $3.92 Irrigation First 300,000 All Usage $5.04 $5.34 $5.80 $6.61 Over 300,000 $4.53 $5.22 Wholesale Reduced Peak Demand All Usage $2.87 $3.71 $2.87 $3.71 Peak Demand $3.20 $3.20   Table A-2 Monthly Water Rates After December 31, 2023June 30, 2026 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $3.59 $4.04 $4.54 $6.06 Next 13,000 $4.75 $5.80 $6.01 $8.70 Residential Over 15,000 $6.74 $8.70 $8.52 $13.05 Non-Residential First 300,000 All Usage $4.20 $4.77 $5.11 $7.16 Over 300,000 $4.20 $5.11 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 2 of 16 Major Industrial All Usage $3.14 $4.10 $3.49 $6.15 Irrigation First 300,000 All Usage $4.75 $8.70 $5.89 $13.05 Over 300,000 $4.75 $5.89 Wholesale Reduced Peak Demand All Usage $3.30 $4.25 $3.30 $4.25 Peak Demand $3.30 $3.30   Table A-3 Monthly Water Rates After December 31, 2024 2026 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $3.81 $4.69 $4.81 $7.03 Next 13,000 $5.04 $6.73 $6.37 $10.10 Residential Over 15,000 $7.14 $10.10 $9.03 $15.14 Non-Residential First 300,000 All Usage $4.45 $5.54 $5.42 $8.31 Over 300,000 $4.45 $5.42 Major Industrial All Usage $3.33 $4.76 $3.70 $7.14 Irrigation First 300,000 All Usage $$5.04 10.10 $6.24 $15.14 Over 300,000 $5.04 $6.24 Wholesale Reduced Peak Demand All Usage $3.50 $4.93 $3.50 $4.93 Peak Demand $3.50 $3.50   Table A-4 Monthly Water Rates After December 31, 2025 2027 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $4.04 $5.45 $5.10 $8.16 Next 13,000 $5.34 $7.81 $6.75 $11.72 Residential Over 15,000 $7.57 $11.72 $9.57 $17.57 Non-Residential First 300,000 All Usage $4.72 $6.43 $5.75 $9.64 Over 300,000 $4.72 $5.75 Major Industrial All Usage $3.53 $5.53 $3.92 $8.29 Irrigation First 300,000 All Usage $5.34 $11.72 $6.61 $17.57 Over 300,000 $5.34 $6.61 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 3 of 16 Wholesale Reduced Peak Demand All Usage $3.71 $5.72 $5.72$3.71 Peak Demand $3.71 , $3.71   Table A-5 Monthly Water Rates After December 31, 2026 2028 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $4.28 $5.62 $5.41 $8.41 Next 13,000 $5.66 $8.05 $7.16 $12.08 Residential Over 15,000 $8.02 $12.08 $10.14 $18.10 Non-Residential First 300,000 All Usage $5.00 $6.63 $6.10 $9.93 Over 300,000 $5.00 $6.10 Major Industrial All Usage $3.74 $5.70 $4.16 $8.54 Irrigation First 300,000 All Usage $5.66 $12.08 $7.01 $18.10 Over 300,000 $5.66 $7.01 Wholesale Reduced Peak Demand All Usage $3.93 $5.90 $3.93 $5.90 Peak Demand $3.93 $3.93   (2) Beginning January 1, 20282030, all monthly water rates shall be increased by 3% per year. (3) All bills under such schedules shall be computed by adding the applicable meter service charge prescribed by subsection (B) to the amount determined to be due for water usage under this schedule. Applicable sales tax and franchise fees shall be added to the bill so computed. (4) When a common facility/building is served by multiple water meters and the water usage is for the same purpose, customers may petition the Water and Wastewater Director and/or the Finance and Internal Services Director to have the water consumption aggregated and have the tiered rates apply to the aggregated quantity. (5) Water used for flushing and sampling of newly constructed water lines, Fire Department training and equipment calibration, and other similar uses requiring a large volume and/or high velocity of water movement shall employ a fire hydrant meter of the appropriate size for the use. If a fire hydrant meter cannot be used due to high flow or volume requirements, then the volume of water used shall be measured by using a pitot gauge to determine the gallons per minute and by timing the flow of water to be able to calculate total volume. In the cases of fire department training and equipment calibration, sewer line washing, street sweeping, and other uses where the equipment employed has a built-in water meter, these built in water meters may be used. All such meters other than those on fire trucks must be evaluated by the Meter Superintendent. These water uses shall be billed at the same rates as non-residential customers. (6) Monthly wholesale treated water rates outside city limits are based on Cost of Service Methodology. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 4 of 16 (B) Monthly Water Service Charge. (1) In addition to the above, each customer shall pay a monthly water service charge in accordance with the following schedule: Table B-1 Monthly Water Service Charge Prior to January 1, 2024July 1, 2026   Meter Size Inside City Outside City   Wholesale ⅝" $6.59 $7.85 $7.54 $8.98 $9.90 $7.54 ⅝ x ¾ inch $6.59 $7.85 $7.54 $8.98 $9.90 $7.54 1 inch $9.14 $11.30 $10.52 $15.55 $15.55 $10.52 1 ½ inch $15.93 $21.55 $18.31 $30.78 $30.78 $18.31 2 inch $23.20 $29.52 $26.66 $42.64 $42.64 $28.56 3 inch $54.05 $64.37 $62.18 $88.89 $88.89 $64.38 4 inch $89.50 $106.59 $102.93 $130.07 $133.70 $112.25 6 inch $178.99 $213.18 $205.82 $245.14 $253.40 $213.02 8 inch $268.41 $319.67 $308.67 $367.63 $396.49 $319.47   Table B-2 Monthly Water Service Charge After December 31June 30, 20263   Meter Size Inside City Outside City   Wholesale ⅝" $7.85$6.99 $7.99 $11.78 $8.81 $11.78 ⅝ x ¾ inch $7.85$6.99 $7.99 $11.78 $8.81$11.78 1 inch $11.30$10.06 $13.84 $16.95 $13.84$16.95 1 ½ inch $21.55$19.18 $27.40 $32.33 $27.40$32.33 2 inch $29.52$26.27 $37.95 $44.28 $37.95$44.28 Commented [NB1]: What did we decide on service charge for wholesale meters? Match outside city? Get rid of all together? Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 5 of 16 3 inch $64.37$57.29 $79.11 $96.56 $79.11$96.56 4 inch $106.59$94.87 $115.76 $159.89 $118.99 $159.89 6 inch $213.18$189.73 $218.17 $319.77 $225.53 $319.77 8 inch $319.67$284.51 $327.19 $479.51 $352.88 $479.51   Table B-3 Monthly Water Service Charge After December 31, 20264   Meter Size Inside City Outside City   Wholesale ⅝" $7.41 $9.11 $8.47 $13.67 $9.34$13.67 ⅝ x ¾ inch $7.41 $9.11 $8.47 $13.67 $9.34$13.67 1 inch $10.66 $13.11 $14.67 $19.67 $14.67$19.67 1 ½ inch $20.33 $25.00 $29.04 $37.51 $29.04$37.51 2 inch $27.85 $34.25 $40.23 $51.37 $40.23$51.37 3 inch $60.73 $74.67 $83.86 $112.01 $83.86 $112.01 4 inch $100.56 $123.65 $122.71 $185.48 $126.13 $185.48 6 inch $201.11 $247.29 $231.26 $370.94 $239.06 $370.94 8 inch $301.58 $370.82 $346.82 $556.24 $374.05 $556.24   Table B-4 Monthly Water Service Charge After December 31, 20275   Meter Size Inside City Outside City   Wholesale ⅝" $7.85 $10.57 $8.98 $15.86 $9.90$15.86 ⅝ x ¾ inch $7.85 $10.57 $8.98 $15.86 $9.90$15.86 1 inch $11.30 $15.21 $15.55 $22.82 $15.55$22.82 1 ½ inch $21.55 $29.00 $30.78 $43.52 $30.78$43.52 2 inch $29.52 $39.73 $42.64 $59.59 $42.64$59.59 3 inch $64.37 $86.62 $88.89 $129.94 $88.89 $129.94 4 inch $106.59 $143.44 $130.07 $215.16 $133.70 $215.16 6 inch $213.18 $286.86 $245.14 $430.30 $253.40 $430.30 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 6 of 16 8 inch $319.67 $430.16 $367.63 $645.24 $396.49 $645.24   Table B-5 Monthly Water Service Charge After December 31, 20268   Meter Size Inside City Outside City   Wholesale ⅝" $8.32 $10.89 $16.34$9.52 $10.49$16.34 ⅝ x ¾ inch $8.32 $10.89 $9.52$16.34 $10.49$16.34 1 inch $11.98 $15.67 $16.48$23.51 $16.48$23.51 1 ½ inch $29.87$22.84 $32.63$44.83 $32.63$44.83 2 inch $40.93$31.29 $45.20$61.38 $45.20$61.38 3 inch $89.22$68.23 $94.22$133.84 $94.22$133.84 4 inch $147.75$112.9 9 $137.87 $221.62 $141.72 $221.62 6 inch $295.47$225.9 7 $259.85 $443.21 $268.60 $443.21 8 inch $443.07$338.8 5 $389.69 $664.60 $420.28 $664.60   (2) Beginning January 1, 20282030, all monthly water service charges shall be increased by 3% per year. (3) The monthly treated water rates and the monthly meter service charge rates prescribed by subsections (A) and (B) of this section shall commence as of the first billing statements issued after December 31, 2023June 30, 2026. (4) The State of Arkansas mandated Safe Drinking Water Act fee shall be added to the monthly water utility bill. (C) Monthly Standby Fire Protection Service Charge. (1) Charges for unmetered service connections for standby fire protection and fire hydrants shall be based on the incoming line size or the backflow preventer size, whichever is smaller, as set forth in the following table: Monthly Standby Fire Protection Service Charge Line Size or Backflow Preventer Size Inside City Outside City 1 inch $10.34 $12.38 2 inch $10.78 $12.83 2.5 inch $21.55 $24.77 3 inch $32.31 $37.16 4 inch $64.63 $74.32 6 inch $179.50 $209.60 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 7 of 16 8 inch $376.99 $433.54 10 inch $646.26 $743.18 (2) The Utilities Department shall review the monthly standby fire protection service charges every two (2) years and shall make recommendations to the City Council following such review. Fire protection lines shall not be connected to the water system downstream from a meter. (Code 1965, §21-25; Ord. No. 1165, 4-18-58; Ord. No. 2144, 9-2-75; Ord. No. 2594, 2-5-80; Ord. No. 3197, 7-1-86; Ord. No. 3409, 2-21-89; Ord. No. 3431, 6-6-89; Ord. No. 3491, 7-17-90; Ord. No. 3513, 9-18-90; Ord. No. 3519, 11- 20-90; Ord. No. 4059, §1, 10-7-97; Ord. No. 4223, 2-15-00; Code 1991, §51.136; Ord. No. 4530 12-02-02; Ord. No. 4540, 02-03-04; Ord. No. 5123, 4-1-08; Ord. No. 6169, §1, 4-2-2019; Ord. No. 6633, §1, 1-3-23; Ord. No. 6681, §1(Att.), 9-19-23) 51.137 Monthly Sewer Rates (A) Monthly Sewer Rates. (1) All monthly sewer charges shall be calculated from the customer's monthly water usage. The following monthly rates are hereby fixed as rates to be charged for sewer services: Table D-1 Monthly Sewer Rates Per 1,000 Gallons Before January 1, 2024July 1, 2026 Class Usage Rate (In Gallons) Cost per 1,000 gallons First 2,000 gallons $4.35 $5.24 Residential Greater than 2,000 gallons $5.80 $6.99 Non-Residential All Usage $4.40 $5.88 Major Industrial All Usage $4.71 $6.21 Farmington All Usage $7.52 Outside city All Usage $8.18 $8.05 Wholesale 85% of metered water usage All Usage $5.19 $6.09 Usage above 85% of metered water usage $2.99 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 8 of 16 Table D-2 Monthly Sewer Rates Per 1,000 Gallons After December 31, 2023June 30, 2026 Class Usage Rate (In Gallons) Cost per 1,000 gallons First 2,000 gallons $5.24$4.94 Residential Greater than 2,000 gallons $6.99$6.59 Non-Residential All Usage $5.88$5.54 Major Industrial All Usage $6.21$5.85 Farmington All Usage $8.05$7.59 Outside city All Usage $8.05$7.59 Wholesale 85% of metered water usage All Usage $6.09$5.74 Usage above 85% of metered water usage $5.74 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 9 of 16 Table D-3 Monthly Sewer Rates Per 1,000 Gallons After December 31, 2024 Class Usage Rate (In Gallons) Cost per 1,000 gallons First 2,000 gallons $5.09 Residential Greater than 2,000 gallons $6.79 Non-Residential All Usage $5.71 Major Industrial All Usage $6.03 Farmington All Usage $7.82 Outside city All Usage $7.82 85% of metered water usage $5.91 Wholesale Usage above 85% of metered water usage $5.91 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 10 of 16 Table D-4 Monthly Sewer Rates Per 1,000 Gallons After December 31, 2025 Class Usage Rate (In Gallons) Cost per 1,000 gallons First 2,000 gallons $5.24 Residential Greater than 2,000 gallons $6.99 Non-Residential All Usage $5.88 Major Industrial All Usage $6.21 Farmington All Usage $8.05 Outside city All Usage $8.05 85% of metered water usage $6.09 Wholesale Usage above 85% of metered water usage $6.09 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 11 of 16 Table D-5 Monthly Sewer Rates Per 1,000 Gallons After December 31, 2026 Class Usage Rate (In Gallons) Cost per 1,000 gallons First 2,000 gallons $5.40 Residential Greater than 2,000 gallons $7.20 Non-Residential All Usage $6.06 Major Industrial All Usage $6.40 Farmington All Usage $8.29 Outside city All Usage $8.29 85% of metered water usage $6.27 Wholesale Usage above 85% of metered water usage $6.27 (2) Beginning January 1, 20287, all monthly sewer quantity charge-usage rates per 1,000 gallons shall be increased by 3% per year. (3) Sewer related fees levied by the Cities of Farmington or Greenland shall be added to the wastewater utility bill at the request of Farmington or Greenland. These fees may be calculated on a per-thousand volumetric usage or a per month basis. (B) Monthly Sewer Service Charge. (1) In addition to the above, each customer shall pay a monthly sewer service charge in accordance with the following schedule: Table E-1 Monthly Sewer Service Charge Prior to January 1, 2024July 1, 2026 Meter Size Inside City Outside City† ⅝" $18.28 $13.52 $18.28 $16.66 ⅝ x ¾ inch $18.28 $13.52 $18.28 $16.98 1 inch $23.74 $25.94 $33.92 $33.23 1½ inch $38.77 $47.53 $60.37 $66.98 2 inch $55.43 $65.37 $79.73 $93.23 3 inch $128.73 $140.67 $184.24 $195.74 4 inch $212.13 $231.80 $303.44 $286.99 6 inch $420.39 $459.37 $601.46 $532.02 8 inch $628.73 $687.03 $899.76 $592.02   Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 12 of 16 Table E-2 Monthly Sewer Service Charge After December 31, 2023June 30, 2026 Meter Size Inside City Outside City† ⅝" $13.52$12.75 $16.66$15.71 ⅝ x ¾ inch $13.52$12.75 $16.98$16.01 1 inch $25.94$24.45 $33.23$31.32 1½ inch $47.53$44.81 $66.98$63.14 2 inch $65.37$61.64 $93.23$87.88 3 inch $140.67$132.59 $195.74$184.50 4 inch $231.80$218.49 $286.99$270.52 6 inch $459.37$433.00 $532.02$501.48 8 inch $687.03$647.59 $592.02$558.03   Table E-3 Monthly Sewer Service Charge After December 31, 2024 Meter Size Inside City Outside City† Farmington† ⅝" $13.13 $16.18 $16.18 ⅝ x ¾ inch $13.13 $16.49 $16.49 1 inch $25.19 $32.26 $32.26 1½ inch $46.15 $65.03 $65.03 2 inch $63.48 $90.52 $90.52 3 inch $136.57 $190.04 $190.04 4 inch $225.09 $278.64 $278.64 6 inch $445.99 $516.52 $516.52 8 inch $667.02 $574.77 $574.77   Table E-4 Monthly Sewer Service Charge After December 31, 2025 Meter Size Inside City Outside City† Farmington† ⅝" $13.52 $16.66 $16.66 ⅝ ;x ¾ inch $13.52 $16.98 $16.98 1 inch $25.94 $33.23 $33.23 1½ inch $47.53 $66.98 $66.98 2 inch $65.37 $93.23 $93.23 3 inch $140.67 $195.74 $195.74 4 inch $231.80 $286.99 $286.99 6 inch $459.37 $532.02 $532.02 8 inch $687.03 $592.02 $592.02   Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 13 of 16 Table E-5 Monthly Sewer Service Charge After December 31, 2026 Meter Size Inside City Outside City† Farmington† ⅝" $13.93 $17.16 $17.16 ⅝ x ¾ inch $13.93 $17.49 $17.49 1 inch $26.72 $34.23 $34.23 1½ inch $48.96 $68.99 $68.99 2 inch $67.35 $96.03 $96.03 3 inch $144.89 $201.61 $201.61 4 inch $238.75 $295.60 $295.60 6 inch $473.15 $547.98 $547.98 8 inch $707.64 $609.78 $609.78   †Cost of Service Methodology required by contract. (2) Beginning January 1, 20287, all monthly sewer service charges shall be increased by 3% per year. (C) Determination of Sewer Quantity Charge for Residential Customers. (1) In the case of residential customers residing in a single family home, duplex, triplex, and/or fourplex, the average monthly water consumption for the preceding months of December, January, and February shall be computed separately for each customer, and a uniform monthly charge for each customer shall be determined by applying the schedule of rates set out in subsection (A) of this section to such average monthly water consumption. In the case of a residential user for whom a uniform monthly charge has been established and who moves to a new location the same uniform monthly charge shall apply at the new location. In the case of new residential customers, sewer averages shall be established based on the number of individuals residing within the dwelling unit, at a rate of 2,100 gallons per customer per month. This methodology of sewer averaging shall not apply to multi-family structures containing five (5) or more units in a contiguous building. (2) In the case of sewer customers who do not have a water meter provided by a public water utility, the sewer usage volume billed shall be the average volume of all users in the sewer system in like dwellings from the most recent system-wide sewer average calculation. (D) Determination of Charge for Non-residential and Major Industrial Customers. In the case of non-residential and/or major industrial customers, the monthly sewer charge shall be determined by applying the schedule of rates prescribed in subsection (A) of this section to the monthly water usage of such customers. In the event that a non-residential or major industrial customer discharging waste into the city's sanitary sewer system produces evidence to the Water and Wastewater Director demonstrating that a substantial portion of the total amount of water from all sources used for all purposes does not reach the sanitary sewer which is in excess of the factors used in establishing the rates in subsection (A) of this section, an estimated percentage of total water consumption to be used in computing charges may be established by the Water and Wastewater Director. The factors used in establishing said rates are on file in the office of the Water and Wastewater Director and are incorporated herein by reference thereto. Any rate so adjusted by the Water and Wastewater Director shall be effective for a twelve (12) month period beginning with the billing for the month when rates adjudged hereby go into effect. (E) Extra Strength Surcharge. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 14 of 16 (1) For all significant industrial users as defined in §51.074, whose wastewater discharge is greater than 300 mg/I of BOD 5 and/or TSS, the city shall levy an Extra Strength Surcharge for each parameter in accordance with the following unit charges: Table F1 Extra Strength Surcharges Prior to January 31July 1, 20264 Prior to 01/01/2024 Extra Strength BOD 5 $0.5743 per pound $0.3148 per pound Extra Strength TSS $0.7086 per pound $0.4483 per pound   Table F2 Extra Strength Surcharges After December 31, 2023June 30, 2026 After 12/31/2023 Extra Strength BOD 5 $0.5743 per pound $0.5414 per pound Extra Strength TSS $0.7086 per pound $0.6679 per pound   Table F3 Extra Strength Surcharges After December 31, 2024 After 12/31/2024 Extra Strength BOD 5 $0.5576 per pound Extra Strength TSS $0.6880 per pound   Table F4 Extra Strength Surcharges After December 31, 2025 After 12/31/2025 Extra Strength BOD 5 $0.5743 per pound Extra Strength TSS $0.7086 per pound   Table F5 Extra Strength Surcharges After December 31, 2026 After 12/31/2026 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 15 of 16 Extra Strength BOD 5 $0.5915 per pound Extra Strength TSS $0.7299 per pound (2) Beginning January 1, 2027Starting after December 31, 2026, Extra Strength Surcharges shall be increased by 3% per year. (3) Extra Strength Surcharges shall be billed monthly and shall be computed on the basis of water meter reading (wastewater discharge volume). (4) All sampling and analyses of the wastewater characteristics shall be performed in accordance with U.S. Environmental Protection Agency 40 Code of Federal Regulations Part 136 approved methods. (5) The volume of flow used in computing surcharge shall be based upon metered water consumption as shown in the records of meter readings maintained by the city's business office. In the event that a user discharging waste into the city sanitary sewer system produces evidence to the city demonstrating that a portion of the total amount of water used for all purposes is not discharged into the sanitary sewer, a separate meter or meters or other approved flow measuring device may be installed at the user's expense, upon its request, to measure only that portion of the total flow being discharged into the city sewer system. If a surcharge is assessed by the city, it shall be shown separately on the monthly billing. (6) Any person discharging industrial waste into the sanitary sewers of the city who procures any part or all of the user's water supply from sources other than the city, all or part of which is discharged into the sanitary sewer, shall install and maintain at the user's expense water meters of the type approved by the city for the purpose of determining the proper volume of flow to be used in computing sewer service charges. Such meter will be read monthly and tested for accuracy when deemed necessary by the city. Where it can be shown that a portion of the water measured by the aforesaid meter or meters does not enter the sanitary sewer system of the city, a separate meter or meters or other approved flow measuring device may be installed at the user's expense, upon its request, to measure only that portion of the total flow being discharged into the city sewer system. If a surcharge is assessed by the city, it shall be shown separately on the monthly billing. (7) Computation of extra strength surcharges shall be based on the following formula: (a) Extra strength surcharge: S = V × 8.34 × [BOD Unit Charge (BOD - 300) + SS Unit Charge (TSS - 300)] (b) Where: S = Surcharge in dollars V = Sewer volume in million gallons 8.34 = Pounds per gallon of water BOD Unit Charge = Unit charge for BOD in dollars per pound BOD = BOD strength in parts per million 300 = Allowed BOD strength in parts per million TSS Unit Charge = Unit charge for suspended solids in dollars per pound TSS = Suspended solids strength in parts per million 300 = Allowed TSS Strength in parts per million Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 16 of 16 (F) Elkins Sewer Charges. (1) Elkins' payment for wastewater treatment shall be based on 85% of the metered water purchased. The volume of wastewater received by Fayetteville at the "Point of Connection" shall be measured by the installed wastewater meter. Volumes of wastewater below or above the agreed upon percentage (85%) of metered water, as measured by the wastewater meter, shall be recorded on a monthly basis, with a reconciliation of the net difference to occur semiannually in June and December. If the reconciliation volume is over the agreed upon percentage, this amount shall be billed to Elkins in June and December at the actual computed cost of wastewater collection to and treatment at the Noland Wastewater Treatment Plant, not including the calculated rate of return and not including depreciation charges, but including any capacity surcharge, based on the most recent rate as determined in paragraph B of this contract. If the reconciliation volume is below the agreed upon percentage, the actual amount billed for the difference shall be refunded to Elkins in June and December (2) Elkins Impact Fee Charges. The City of Elkins shall pay an additional $0.25 per 1,000 gallons of wastewater, for all wastewater volume charges including both the 85% of metered water volume and for wastewater in excess of the 85% of the metered water purchased billed volume. (G)(F) Hauled Wastewater Fees. (1) Application Fee. An application to discharge hauled domestic waste must be accompanied by a fee of $100.00. (2) Discharge Fee. A fee of $50.00 must be paid for each hauled domestic waste load discharged. (H)(G) Industrial Wastewater Discharge Permit Fee. (1) Application Fee. An application for an industrial wastewater discharge permit must be accompanied by a fee of $500.00. (Code 1965, §21-26; Ord. No. 1165, 4-18-58; Ord. No. 3197, 7-1-86; Ord. No. 3285, 8-4-87; Ord. No. 3398, 1-3-89; Ord. No. 3491, 7-17-90; Ord. No. 3637, §§1, 2, 8-18-92; Ord. No. 4059, §2, 10-7-97; Code 1991, §51.137; Ord. No. 4530, 12-02-03; Ord. No. 4803, 12-20-05; Ord. No. 4998, 4-3-07; Ord. No. 5129, 4-15-08; Ord. No. 5438, 9-20-11; Ord. No. 5739, 2-17-15; Ord. No. 6633, §1, 1-3-23; Ord. No. 6681, §1(Att.), 9-19-23) Commented [NB2]: Removed as this information is contained in the Sewer Agreement with Elkins. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 1 of 4 159.02 Water And Wastewater Impact Fees (A) Applicability. (1) The following provisions shall apply to all of the territory within the city's water and wastewater service areas, including areas outside the corporate city limits and within service areas located within Washington County and other incorporated cities after June 16, 2003. (2) The following types of development shall be required to pay a water and/or wastewater impact fee: (a) New and existing development seeking a new connection to the city's water or wastewater system resulting in increased demand from water and/or wastewater facilities. This shall not apply to existing development that is connecting to the wastewater system in order to eliminate an individual sewage disposal system. (b) New and existing development as stated in (a) above seeking a new connection to the system of a wholesale customer of the city's water or wastewater system, where collection of the city's impact fee is required by the city's contract with the wholesale customer. (c) Nonresidential or residential redevelopment seeking a larger capacity or additional water meter. (B) Intent. (1) The intent of wastewater and water impact fees is to ensure that new development bears a proportionate share of the cost of improvements to the city's water and wastewater systems; to ensure that the proportionate share does not exceed the cost of providing water and wastewater facilities to the development that paid the fee; and to ensure that funds collected from developments are used to construct water and wastewater facilities that serve such developments. It is further the intent of this ordinance to use the impact fees to implement the city's Comprehensive Land Use Plan and future plan updates and to implement the city's Five Year Capital Improvements Program. (2) It is not the intent of this ordinance to collect any money from any development in excess of the actual amount necessary to offset demands generated by that development for the water and wastewater facilities for which the fee was paid. (3) It is not the intent of this ordinance that any monies collected for the water impact fee and the wastewater impact fee ever be commingled or ever be used for a type of facility different from that for which the fee was paid. (C) Time of Collection. (1) Water and wastewater impact fees shall be paid at the time of installation of the water meter serving the property or of the connection to the wastewater system, whichever comes first. (2) Development projects which have obtained building permits prior to the effective date of this ordinance shall not have to pay impact fees if the building is completed with water and sewer hook-ups installed and Certificate of Occupancy issued no later than six (6) months from the effective date of this ordinance. (D) Fee Determination. (1) Schedule of Fees. The Impact Fee Administrator shall determine the amount of the water and wastewater impact fees for residential uses based on the type or size of the water meter and for nonresidential uses based on the size of the water meter using the following schedule: Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 2 of 4 Land Use Unit Water Wastewater Total Single-Family (average) Dwelling $971.00 $2,672.00 $872.00 $2,998.00 $1,843.00 $5,670.00 Multi-Family (per dwelling unit) Dwelling $691.00 $1,897.00 $620.00 $2,129.00 $1,311.00 $4,026.00 Nonresidential (5/8 x 3/4 inch meter) Meter $971.00 $2,672.00 $872.00 $2,998.00 $1,843.00 $5,670.00 Nonresidential (1 inch meter) Meter $2,428.00 $6,680.00 $2,180.00 $7,496.00 $4,608.00 $14,176.00 Nonresidential (1½ inch meter) Meter $4,855.00 $13,361.00 $4,360.00 $14,991.00 $9,215.00 $28,352.00 Nonresidential (2 inch meter) Meter $7,768.00 $21,377.00 $6,976.00 $23,986.00 $14,744.00 $45,363.00 Nonresidential (3 inch meter) Meter $15,536.00 $42,754.00 $13,952.00 $47,972.00 $29,488.00 $90,726.00 Nonresidential (4 inch meter) Meter $24,275.00 $66,803.00 $21,800.00 $74,956.00 $46,075.00 $141,759.00 Nonresidential (6 inch meter) Meter $48,550.00 $133,606.00 $43,600.00 $149,911.00 $92,150.00 $283,517.00 Nonresidential (8 inch meter) Meter $77,680.00 $213,770.00 $69,760.00 $239,858.00 $147,440.00 $453,628.00 Nonresidential (10 inch meter) Meter $111,665.00 $307,294.00 $100,280.00 $344,796.00 $211,945.00 $652,090.00   (2) Redevelopment, Reconstruction, Change of Use. In the event of a redevelopment, reconstruction or change of use from an existing development or use, the fee shall be the difference between what the fee would be for the entire redevelopment or reconstruction project and what the fee would have been for the existing development or use. Existing development must be connected to the water or wastewater system at the time of redevelopment in order to apply this credit. (3) Mixed Use. If the proposed development includes a mix of the residential land uses and/or nonresidential meter sizes that are listed in the impact fee schedule, the fee shall be determined by adding up all the water and wastewater impact fees that would be applicable for each residential land use type and/or nonresidential meter size as if it was a freestanding land use type. For mixed use developments requiring a shared meter to serve both multi-family and nonresidential uses, the impact fee shall be calculated by assigning (a) the applicable multi-family impact fee based on the number of dwelling units, and (b) a nonresidential impact fee based on the meter size that would be required to serve only the nonresidential portion of the development, as determined by projected demands, fixture counts, or other accepted methods. The combined total shall constitute the impact fee for the mixed use development, regardless of the actual meter size installed to serve the full building demand. (4) Fire Suppression/Low Pressure. It is the intent of this ordinance to base water and wastewater impact fees on the typical usage in a new building or other facility. Extinguishing of fires is not a part of typical usage; to allow adequate fire flow to sprinklers and internal hydrants at some large and at-risk properties, it may be necessary for fire protection purposes to install a larger water meter than would be necessary to meet day-to-day needs of that facility. In addition, a larger meter may be required in areas of low water pressure than in areas of normal water pressure for the same type of use. In those cases, it is the policy of the city that the impact fee for water and wastewater should be based on the Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 3 of 4 meter size needed by that facility for its typical usage, without regard to fire-flow or unusual pressure conditions. (5) Irrigation. Any separate water meter installed for irrigation purposes only shall not be included in the calculation of the wastewater impact fee. (6) Affordable Housing and Homeless Shelter Exemption. Construction of single family, non-profit multi- family supportive housing, and homeless shelters funded wholly or primarily by federal Community Development Block Grants, non-profit service organizations such as Habitat for Humanity, Housing and Urban Development housing loans and similar programs designed to provide affordable, owner- occupied, single family residences to low income individuals, non-profit multi-family supportive housing, and homeless shelters, and all accessory dwelling units shall be exempted from payment of impact fees pursuant to this ordinance by the Impact Fee Administrator. (7) Master Meters. In the event that a water master meter is utilized for any development including multi- family or mixed use, the fee shall be based on the Master Meter size. (E) Use of Fees. (1) Establishment of Accounts. An Impact Fee Fund that is distinct from the General Fund of the city is hereby created, and the impact fees received will be deposited in the following interest-bearing accounts of the Impact Fee Fund: (a) Water Impact Fee Account; and (b) Wastewater Impact Fee Account. (2) Water Impact Fee Accounts. The Water Impact Fee Account shall contain only those water impact fees collected pursuant to this ordinance plus any interest which may accrue from time to time on such amounts. (3) Wastewater Impact Fee Account. The Wastewater Impact Fee Account shall contain only those wastewater impact fees collected pursuant to this ordinance plus any interest which may accrue from time to time on such amounts. (4) Order of Use. Monies in each impact fee account shall be considered to be spent in the order collected, on a first-in/first-out basis. (5) Use of Fees. The monies in each impact fee account shall be used only for the following: (a) Acquisition. To acquire land for and/or acquire or construct water or wastewater system improvements of the type reflected in the title of the account and as described in the Impact Fee Study as well as extension of service to new development paying an impact fee. (b) Debt Service. To pay debt service on any portion of any current or future general obligation bond issue or revenue bond issue used to finance water or wastewater system improvements of the type reflected in the title of the account that created or will create capacity to serve new development. (c) As described in subsection F, Refunds. (F) Refunds. (1) The City of Fayetteville shall refund the portion of collected development impact fees, including the accrued interest that has not been expended seven (7) years from the date the fees were paid. Interest shall be based on a 4% annual rate. (2) A refund shall be paid to the present owner of the property that was the subject of new development and against which the fee was assessed and collected. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 4 of 4 (3) Notice of the right to a refund, including the amount of the refund and the procedure for applying for and receiving the refund, shall be sent or served in writing to the present owners of the property no later than thirty (30) days after the date which the refund becomes due. The sending by regular mail of the notices to all present owners of record shall be sufficient to satisfy the requirement of notice. (4) The refund shall be made on a pro rata basis, and shall be paid in full no later than ninety (90) days after the date certain upon which the refund becomes due. (5) At the time of payment of the water or wastewater impact fee under this ordinance, the Impact Fee Administrator shall provide the applicant paying such fee with written notice of those circumstances under which refunds of such fees will be made. Failure to deliver such written notice shall not invalidate any collection of any impact fee under this ordinance. Ord. No. 4447, §1, 12-17-02; Ord. No. 4492, §159.02 C.1, 6-03-03; Ord. No. 4496 §159.02 "F", 6-17-03; Ord. No. 4919, 9-05-06; Ord. No. 4975, 1-16-07; Ord. No. 5206, 12-16-08; Ord. No. 6255, §2, 11-5-19) Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 1 of 9 51.136 Monthly Water Rates Effective as of the first billing statements issued after June 30, 2026, the following monthly rates shall be fixed as rates to be charged for water furnished by the waterworks system of the city, which rates the City Council finds and declares to be reasonable and necessary minimum rates to be charged. All non-emergency water uses shall be billed to the user, to include but not limited to water used for: use within structures; business; manufacturing; irrigation; retail by another water utility; city uses; educational purposes; medical purposes; water system routine non-emergency uses; wastewater system routine non-emergency uses; non-profit uses; fire department non- emergency uses to include training and equipment calibration; construction of new water mains; street cleaning; and wet down of construction sites and materials. Emergency water use that does not pass through a water system meter shall not be billed, including firefighting, water leaks, water leak repair, and emergency water line flushing. The volumes used for these emergency purposes should be estimated and submitted monthly to the Business Office Manager and the Water/Sewer Operations Manager. (A) Monthly Water Rates. (1) The water usage of each customer shall be determined each month by meter measurement and the amount per 1,000 gallons to be paid for water usage by each customer shall be computed on the basis of the following schedule of rates. Table A-1 Monthly Water Rates Prior to July 1, 2026 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $4.04 $5.10 Next 13,000 $5.34 $6.75 Residential Over 15,000 $7.57 $9.57 Non-Residential All Usage $4.72 $5.75 Major Industrial All Usage $3.53 $3.92 Irrigation All Usage $5.34 $6.61 Wholesale All Usage $3.71 $3.71   Table A-2 Monthly Water Rates After June 30, 2026 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $4.04 $6.06 Next 13,000 $5.80 $8.70 Residential Over 15,000 $8.70 $13.05 Non-Residential All Usage $4.77 $7.16 Major Industrial All Usage $4.10 $6.15 Irrigation All Usage $8.70 $13.05 Wholesale All Usage $4.25 $4.25   Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 2 of 9 Table A-3 Monthly Water Rates After December 31, 2026 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $4.69 $7.03 Next 13,000 $6.73 $10.10 Residential Over 15,000 $10.10 $15.14 Non-Residential All Usage $5.54 $8.31 Major Industrial All Usage $4.76 $7.14 Irrigation All Usage $10.10 $15.14 Wholesale All Usage $4.93 $4.93   Table A-4 Monthly Water Rates After December 31, 2027 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $5.45 $8.16 Next 13,000 $7.81 $11.72 Residential Over 15,000 $11.72 $17.57 Non-Residential All Usage $6.43 $9.64 Major Industrial All Usage $5.53 $8.29 Irrigation All Usage $11.72 $17.57 Wholesale All Usage $5.72 $5.72   Table A-5 Monthly Water Rates After December 31, 2028 Cost per 1,000 gallons Class Usage Rate (In Gallons) Inside City Outside City First 2,000 $5.62 $8.41 Next 13,000 $8.05 $12.08 Residential Over 15,000 $12.08 $18.10 Non-Residential All Usage $6.63 $9.93 Major Industrial All Usage $5.70 $8.54 Irrigation All Usage $12.08 $18.10 Wholesale All Usage $5.90 $5.90   (2) Beginning January 1, 2030, all monthly water rates shall be increased by 3% per year. (3) All bills under such schedules shall be computed by adding the applicable meter service charge prescribed by subsection (B) to the amount determined to be due for water usage under this schedule. Applicable sales tax and franchise fees shall be added to the bill so computed. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 3 of 9 (4) When a common facility/building is served by multiple water meters and the water usage is for the same purpose, customers may petition the Water and Wastewater Director and/or the Finance and Internal Services Director to have the water consumption aggregated and have the tiered rates apply to the aggregated quantity. (5) Water used for flushing and sampling of newly constructed water lines, Fire Department training and equipment calibration, and other similar uses requiring a large volume and/or high velocity of water movement shall employ a fire hydrant meter of the appropriate size for the use. If a fire hydrant meter cannot be used due to high flow or volume requirements, then the volume of water used shall be measured by using a pitot gauge to determine the gallons per minute and by timing the flow of water to be able to calculate total volume. In the cases of fire department training and equipment calibration, sewer line washing, street sweeping, and other uses where the equipment employed has a built-in water meter, these built in water meters may be used. All such meters other than those on fire trucks must be evaluated by the Meter Superintendent. These water uses shall be billed at the same rates as non-residential customers. (6) Monthly wholesale treated water rates outside city limits are based on Cost of Service Methodology. (B) Monthly Water Service Charge. (1) In addition to the above, each customer shall pay a monthly water service charge in accordance with the following schedule: Table B-1 Monthly Water Service Charge Prior to July 1, 2026   Meter Size Inside City Outside City   Wholesale ⅝" $7.85 $8.98 $9.90 ⅝ x ¾ inch $7.85 $8.98 $9.90 1 inch $11.30 $15.55 $15.55 1 ½ inch $21.55 $30.78 $30.78 2 inch $29.52 $42.64 $42.64 3 inch $64.37 $88.89 $88.89 4 inch $106.59 $130.07 $133.70 6 inch $213.18 $245.14 $253.40 8 inch $319.67 $367.63 $396.49   Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 4 of 9 Table B-2 Monthly Water Service Charge After June 30, 2026   Meter Size Inside City Outside City   Wholesale ⅝" $7.85 $11.78 $11.78 ⅝ x ¾ inch $7.85 $11.78 $11.78 1 inch $11.30 $16.95 $16.95 1 ½ inch $21.55 $32.33 $32.33 2 inch $29.52 $44.28 $44.28 3 inch $64.37 $96.56 $96.56 4 inch $106.59 $159.89 $159.89 6 inch $213.18 $319.77 $319.77 8 inch $319.67 $479.51 $479.51   Table B-3 Monthly Water Service Charge After December 31, 2026   Meter Size Inside City Outside City   Wholesale ⅝" $9.11 $13.67 $13.67 ⅝ x ¾ inch $9.11 $13.67 $13.67 1 inch $13.11 $19.67 $19.67 1 ½ inch $25.00 $37.51 $37.51 2 inch $34.25 $51.37 $51.37 3 inch $74.67 $112.01 $112.01 4 inch $123.65 $185.48 $185.48 6 inch $247.29 $370.94 $370.94 8 inch $370.82 $556.24 $556.24   Table B-4 Monthly Water Service Charge After December 31, 2027   Meter Size Inside City Outside City   Wholesale ⅝" $10.57 $15.86 $15.86 ⅝ x ¾ inch $10.57 $15.86 $15.86 1 inch $15.21 $22.82 $22.82 1 ½ inch $29.00 $43.52 $43.52 2 inch $39.73 $59.59 $59.59 3 inch $86.62 $129.94 $129.94 4 inch $143.44 $215.16 $215.16 6 inch $286.86 $430.30 $430.30 8 inch $430.16 $645.24 $645.24   Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 5 of 9 Table B-5 Monthly Water Service Charge After December 31, 2028   Meter Size Inside City Outside City   Wholesale ⅝" $10.89 $16.34 $16.34 ⅝ x ¾ inch $10.89 $16.34 $16.34 1 inch $15.67 $23.51 $23.51 1 ½ inch $29.87 $44.83 $44.83 2 inch $40.93 $61.38 $61.38 3 inch $89.22 $133.84 $133.84 4 inch $147.75 $221.62 $221.62 6 inch $295.47 $443.21 $443.21 8 inch $443.07 $664.60 $664.60   (2) Beginning January 1, 2030, all monthly water service charges shall be increased by 3% per year. (3) The monthly treated water rates and the monthly meter service charge rates prescribed by subsections (A) and (B) of this section shall commence as of the first billing statements issued after June 30, 2026. (4) The State of Arkansas mandated Safe Drinking Water Act fee shall be added to the monthly water utility bill. (C) Monthly Standby Fire Protection Service Charge. (1) Charges for unmetered service connections for standby fire protection and fire hydrants shall be based on the incoming line size or the backflow preventer size, whichever is smaller, as set forth in the following table: Monthly Standby Fire Protection Service Charge Line Size or Backflow Preventer Size Inside City Outside City 1 inch $10.34 $12.38 2 inch $10.78 $12.83 2.5 inch $21.55 $24.77 3 inch $32.31 $37.16 4 inch $64.63 $74.32 6 inch $179.50 $209.60 8 inch $376.99 $433.54 10 inch $646.26 $743.18 (2) The Utilities Department shall review the monthly standby fire protection service charges every two (2) years and shall make recommendations to the City Council following such review. Fire protection lines shall not be connected to the water system downstream from a meter. (Code 1965, §21-25; Ord. No. 1165, 4-18-58; Ord. No. 2144, 9-2-75; Ord. No. 2594, 2-5-80; Ord. No. 3197, 7-1-86; Ord. No. 3409, 2-21-89; Ord. No. 3431, 6-6-89; Ord. No. 3491, 7-17-90; Ord. No. 3513, 9-18-90; Ord. No. 3519, 11- 20-90; Ord. No. 4059, §1, 10-7-97; Ord. No. 4223, 2-15-00; Code 1991, §51.136; Ord. No. 4530 12-02-02; Ord. No. 4540, 02-03-04; Ord. No. 5123, 4-1-08; Ord. No. 6169, §1, 4-2-2019; Ord. No. 6633, §1, 1-3-23; Ord. No. 6681, §1(Att.), 9-19-23) Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 6 of 9 51.137 Monthly Sewer Rates (A) Monthly Sewer Rates. (1) All monthly sewer charges shall be calculated from the customer's monthly water usage. The following monthly rates are hereby fixed as rates to be charged for sewer services: Table D-1 Monthly Sewer Rates Per 1,000 Gallons Before July 1, 2026 Class Usage Rate (In Gallons) Cost per 1,000 gallons First 2,000 gallons $5.24 Residential Greater than 2,000 gallons $6.99 Non-Residential All Usage $5.88 Major Industrial All Usage $6.21 Outside city All Usage $8.05 Wholesale All Usage $6.09 Table D-2 Monthly Sewer Rates Per 1,000 Gallons After June 30, 2026 Class Usage Rate (In Gallons) Cost per 1,000 gallons First 2,000 gallons $5.24 Residential Greater than 2,000 gallons $6.99 Non-Residential All Usage $5.88 Major Industrial All Usage $6.21 Outside city All Usage $8.05 Wholesale All Usage $6.09 (2) Beginning January 1, 2027, all monthly sewer quantity charge-usage rates per 1,000 gallons shall be increased by 3% per year. (3) Sewer related fees levied by the Cities of Farmington or Greenland shall be added to the wastewater utility bill at the request of Farmington or Greenland. These fees may be calculated on a per-thousand volumetric usage or a per month basis. (B) Monthly Sewer Service Charge. (1) In addition to the above, each customer shall pay a monthly sewer service charge in accordance with the following schedule: Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 7 of 9 Table E-1 Monthly Sewer Service Charge Prior to July 1, 2026 Meter Size Inside City Outside City ⅝" $13.52 $16.66 ⅝ x ¾ inch $13.52 $16.98 1 inch $25.94 $33.23 1½ inch $47.53 $66.98 2 inch $65.37 $93.23 3 inch $140.67 $195.74 4 inch $231.80 $286.99 6 inch $459.37 $532.02 8 inch $687.03 $592.02 Table E-2 Monthly Sewer Service Charge After June 30, 2026 Meter Size Inside City Outside City ⅝" $13.52 $16.66 ⅝ x ¾ inch $13.52 $16.98 1 inch $25.94 $33.23 1½ inch $47.53 $66.98 2 inch $65.37 $93.23 3 inch $140.67 $195.74 4 inch $231.80 $286.99 6 inch $459.37 $532.02 8 inch $687.03 $592.02 (2) Beginning January 1, 2027, all monthly sewer service charges shall be increased by 3% per year. (C) Determination of Sewer Quantity Charge for Residential Customers. (1) In the case of residential customers residing in a single family home, duplex, triplex, and/or fourplex, the average monthly water consumption for the preceding months of December, January, and February shall be computed separately for each customer, and a uniform monthly charge for each customer shall be determined by applying the schedule of rates set out in subsection (A) of this section to such average monthly water consumption. In the case of a residential user for whom a uniform monthly charge has been established and who moves to a new location the same uniform monthly charge shall apply at the new location. In the case of new residential customers, sewer averages shall be established based on the number of individuals residing within the dwelling unit, at a rate of 2,100 gallons per customer per month. This methodology of sewer averaging shall not apply to multi-family structures containing five (5) or more units in a contiguous building. (2) In the case of sewer customers who do not have a water meter provided by a public water utility, the sewer usage volume billed shall be the average volume of all users in the sewer system in like dwellings from the most recent system-wide sewer average calculation. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 8 of 9 (D) Determination of Charge for Non-residential and Major Industrial Customers. In the case of non-residential and/or major industrial customers, the monthly sewer charge shall be determined by applying the schedule of rates prescribed in subsection (A) of this section to the monthly water usage of such customers. In the event that a non-residential or major industrial customer discharging waste into the city's sanitary sewer system produces evidence to the Water and Wastewater Director demonstrating that a substantial portion of the total amount of water from all sources used for all purposes does not reach the sanitary sewer which is in excess of the factors used in establishing the rates in subsection (A) of this section, an estimated percentage of total water consumption to be used in computing charges may be established by the Water and Wastewater Director. The factors used in establishing said rates are on file in the office of the Water and Wastewater Director and are incorporated herein by reference thereto. Any rate so adjusted by the Water and Wastewater Director shall be effective for a twelve (12) month period beginning with the billing for the month when rates adjudged hereby go into effect. (E) Extra Strength Surcharge. (1) For all significant industrial users as defined in §51.074, whose wastewater discharge is greater than 300 mg/I of BOD 5 and/or TSS, the city shall levy an Extra Strength Surcharge for each parameter in accordance with the following unit charges: Table F1 Extra Strength Surcharges Prior to July 1, 2026 Extra Strength BOD 5 $0.5743 per pound Extra Strength TSS $0.7086 per pound   Table F2 Extra Strength Surcharges After June 30, 2026 Extra Strength BOD 5 $0.5743 per pound Extra Strength TSS $0.7086 per pound (2) Beginning January 1, 2027, Extra Strength Surcharges shall be increased by 3% per year. (3) Extra Strength Surcharges shall be billed monthly and shall be computed on the basis of water meter reading (wastewater discharge volume). (4) All sampling and analyses of the wastewater characteristics shall be performed in accordance with U.S. Environmental Protection Agency 40 Code of Federal Regulations Part 136 approved methods. (5) The volume of flow used in computing surcharge shall be based upon metered water consumption as shown in the records of meter readings maintained by the city's business office. In the event that a user discharging waste into the city sanitary sewer system produces evidence to the city demonstrating that a portion of the total amount of water used for all purposes is not discharged into the sanitary sewer, a separate meter or meters or other approved flow measuring device may be installed at the user's expense, upon its request, to measure only that portion of the total flow being discharged into the city sewer system. If a surcharge is assessed by the city, it shall be shown separately on the monthly billing. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:39 [EST] (Supp. No. 39) Page 9 of 9 (6) Any person discharging industrial waste into the sanitary sewers of the city who procures any part or all of the user's water supply from sources other than the city, all or part of which is discharged into the sanitary sewer, shall install and maintain at the user's expense water meters of the type approved by the city for the purpose of determining the proper volume of flow to be used in computing sewer service charges. Such meter will be read monthly and tested for accuracy when deemed necessary by the city. Where it can be shown that a portion of the water measured by the aforesaid meter or meters does not enter the sanitary sewer system of the city, a separate meter or meters or other approved flow measuring device may be installed at the user's expense, upon its request, to measure only that portion of the total flow being discharged into the city sewer system. If a surcharge is assessed by the city, it shall be shown separately on the monthly billing. (7) Computation of extra strength surcharges shall be based on the following formula: (a) Extra strength surcharge: S = V × 8.34 × [BOD Unit Charge (BOD - 300) + SS Unit Charge (TSS - 300)] (b) Where: S = Surcharge in dollars V = Sewer volume in million gallons 8.34 = Pounds per gallon of water BOD Unit Charge = Unit charge for BOD in dollars per pound BOD = BOD strength in parts per million 300 = Allowed BOD strength in parts per million TSS Unit Charge = Unit charge for suspended solids in dollars per pound TSS = Suspended solids strength in parts per million 300 = Allowed TSS Strength in parts per million (F) Hauled Wastewater Fees. (1) Application Fee. An application to discharge hauled domestic waste must be accompanied by a fee of $100.00. (2) Discharge Fee. A fee of $50.00 must be paid for each hauled domestic waste load discharged. (G) Industrial Wastewater Discharge Permit Fee. (1) Application Fee. An application for an industrial wastewater discharge permit must be accompanied by a fee of $500.00. (Code 1965, §21-26; Ord. No. 1165, 4-18-58; Ord. No. 3197, 7-1-86; Ord. No. 3285, 8-4-87; Ord. No. 3398, 1-3-89; Ord. No. 3491, 7-17-90; Ord. No. 3637, §§1, 2, 8-18-92; Ord. No. 4059, §2, 10-7-97; Code 1991, §51.137; Ord. No. 4530, 12-02-03; Ord. No. 4803, 12-20-05; Ord. No. 4998, 4-3-07; Ord. No. 5129, 4-15-08; Ord. No. 5438, 9-20-11; Ord. No. 5739, 2-17-15; Ord. No. 6633, §1, 1-3-23; Ord. No. 6681, §1(Att.), 9-19-23) Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 1 of 4 159.02 Water And Wastewater Impact Fees (A) Applicability. (1) The following provisions shall apply to all of the territory within the city's water and wastewater service areas, including areas outside the corporate city limits and within service areas located within Washington County and other incorporated cities after June 16, 2003. (2) The following types of development shall be required to pay a water and/or wastewater impact fee: (a) New and existing development seeking a new connection to the city's water or wastewater system resulting in increased demand from water and/or wastewater facilities. This shall not apply to existing development that is connecting to the wastewater system in order to eliminate an individual sewage disposal system. (b) New and existing development as stated in (a) above seeking a new connection to the system of a wholesale customer of the city's water or wastewater system, where collection of the city's impact fee is required by the city's contract with the wholesale customer. (c) Nonresidential or residential redevelopment seeking a larger capacity or additional water meter. (B) Intent. (1) The intent of wastewater and water impact fees is to ensure that new development bears a proportionate share of the cost of improvements to the city's water and wastewater systems; to ensure that the proportionate share does not exceed the cost of providing water and wastewater facilities to the development that paid the fee; and to ensure that funds collected from developments are used to construct water and wastewater facilities that serve such developments. It is further the intent of this ordinance to use the impact fees to implement the city's Comprehensive Land Use Plan and future plan updates and to implement the city's Five Year Capital Improvements Program. (2) It is not the intent of this ordinance to collect any money from any development in excess of the actual amount necessary to offset demands generated by that development for the water and wastewater facilities for which the fee was paid. (3) It is not the intent of this ordinance that any monies collected for the water impact fee and the wastewater impact fee ever be commingled or ever be used for a type of facility different from that for which the fee was paid. (C) Time of Collection. (1) Water and wastewater impact fees shall be paid at the time of installation of the water meter serving the property or of the connection to the wastewater system, whichever comes first. (2) Development projects which have obtained building permits prior to the effective date of this ordinance shall not have to pay impact fees if the building is completed with water and sewer hook-ups installed and Certificate of Occupancy issued no later than six (6) months from the effective date of this ordinance. (D) Fee Determination. (1) Schedule of Fees. The Impact Fee Administrator shall determine the amount of the water and wastewater impact fees for residential uses based on the type or size of the water meter and for nonresidential uses based on the size of the water meter using the following schedule: Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 2 of 4 Land Use Unit Water Wastewater Total Single-Family (average) Dwelling $2,672.00 $2,998.00 $5,670.00 Multi-Family (per dwelling unit) Dwelling $1,897.00 $2,129.00 $4,026.00 Nonresidential (5/8 x 3/4 inch meter) Meter $2,672.00 $2,998.00 $5,670.00 Nonresidential (1 inch meter) Meter $6,680.00 $7,496.00 $14,176.00 Nonresidential (1½ inch meter) Meter $13,361.00 $14,991.00 $28,352.00 Nonresidential (2 inch meter) Meter $21,377.00 $23,986.00 $45,363.00 Nonresidential (3 inch meter) Meter $42,754.00 $47,972.00 $90,726.00 Nonresidential (4 inch meter) Meter $66,803.00 $74,956.00 $141,759.00 Nonresidential (6 inch meter) Meter $133,606.00 $149,911.00 $283,517.00 Nonresidential (8 inch meter) Meter $213,770.00 $239,858.00 $453,628.00 Nonresidential (10 inch meter) Meter $307,294.00 $344,796.00 $652,090.00   (2) Redevelopment, Reconstruction, Change of Use. In the event of a redevelopment, reconstruction or change of use from an existing development or use, the fee shall be the difference between what the fee would be for the entire redevelopment or reconstruction project and what the fee would have been for the existing development or use. Existing development must be connected to the water or wastewater system at the time of redevelopment in order to apply this credit. (3) Mixed Use. For mixed use developments requiring a shared meter to serve both multi-family and nonresidential uses, the impact fee shall be calculated by assigning (a) the applicable multi-family impact fee based on the number of dwelling units, and (b) a nonresidential impact fee based on the meter size that would be required to serve only the nonresidential portion of the development, as determined by projected demands, fixture counts, or other accepted methods. The combined total shall constitute the impact fee for the mixed use development, regardless of the actual meter size installed to serve the full building demand. (4) Fire Suppression/Low Pressure. It is the intent of this ordinance to base water and wastewater impact fees on the typical usage in a new building or other facility. Extinguishing of fires is not a part of typical usage; to allow adequate fire flow to sprinklers and internal hydrants at some large and at-risk properties, it may be necessary for fire protection purposes to install a larger water meter than would be necessary to meet day-to-day needs of that facility. In addition, a larger meter may be required in areas of low water pressure than in areas of normal water pressure for the same type of use. In those cases, it is the policy of the city that the impact fee for water and wastewater should be based on the meter size needed by that facility for its typical usage, without regard to fire-flow or unusual pressure conditions. (5) Irrigation. Any separate water meter installed for irrigation purposes only shall not be included in the calculation of the wastewater impact fee. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 3 of 4 (6) Affordable Housing and Homeless Shelter Exemption. Construction of single family, non-profit multi- family supportive housing, and homeless shelters funded wholly or primarily by federal Community Development Block Grants, non-profit service organizations such as Habitat for Humanity, Housing and Urban Development housing loans and similar programs designed to provide affordable, owner- occupied, single family residences to low income individuals, non-profit multi-family supportive housing, homeless shelters, and all accessory dwelling units shall be exempted from payment of impact fees pursuant to this ordinance by the Impact Fee Administrator. (E) Use of Fees. (1) Establishment of Accounts. An Impact Fee Fund that is distinct from the General Fund of the city is hereby created, and the impact fees received will be deposited in the following interest-bearing accounts of the Impact Fee Fund: (a) Water Impact Fee Account; and (b) Wastewater Impact Fee Account. (2) Water Impact Fee Accounts. The Water Impact Fee Account shall contain only those water impact fees collected pursuant to this ordinance plus any interest which may accrue from time to time on such amounts. (3) Wastewater Impact Fee Account. The Wastewater Impact Fee Account shall contain only those wastewater impact fees collected pursuant to this ordinance plus any interest which may accrue from time to time on such amounts. (4) Order of Use. Monies in each impact fee account shall be considered to be spent in the order collected, on a first-in/first-out basis. (5) Use of Fees. The monies in each impact fee account shall be used only for the following: (a) Acquisition. To acquire land for and/or acquire or construct water or wastewater system improvements of the type reflected in the title of the account and as described in the Impact Fee Study as well as extension of service to new development paying an impact fee. (b) Debt Service. To pay debt service on any portion of any current or future general obligation bond issue or revenue bond issue used to finance water or wastewater system improvements of the type reflected in the title of the account that created or will create capacity to serve new development. (c) As described in subsection F, Refunds. (F) Refunds. (1) The City of Fayetteville shall refund the portion of collected development impact fees, including the accrued interest that has not been expended seven (7) years from the date the fees were paid. Interest shall be based on a 4% annual rate. (2) A refund shall be paid to the present owner of the property that was the subject of new development and against which the fee was assessed and collected. (3) Notice of the right to a refund, including the amount of the refund and the procedure for applying for and receiving the refund, shall be sent or served in writing to the present owners of the property no later than thirty (30) days after the date which the refund becomes due. The sending by regular mail of the notices to all present owners of record shall be sufficient to satisfy the requirement of notice. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 4 of 4 (4) The refund shall be made on a pro rata basis, and shall be paid in full no later than ninety (90) days after the date certain upon which the refund becomes due. (5) At the time of payment of the water or wastewater impact fee under this ordinance, the Impact Fee Administrator shall provide the applicant paying such fee with written notice of those circumstances under which refunds of such fees will be made. Failure to deliver such written notice shall not invalidate any collection of any impact fee under this ordinance. Ord. No. 4447, §1, 12-17-02; Ord. No. 4492, §159.02 C.1, 6-03-03; Ord. No. 4496 §159.02 "F", 6-17-03; Ord. No. 4919, 9-05-06; Ord. No. 4975, 1-16-07; Ord. No. 5206, 12-16-08; Ord. No. 6255, §2, 11-5-19) Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 CITY OF FAYETTEVILLE, ARKANSAS Notice of Public Hearing on Proposed Water and Sewer Rate Changes City Council Meeting: Tuesday, May 5, 2026 at 5:30 PM City of Fayetteville Administration Building, City Hall 113 W. Mountain – Room 219 or via Zoom link at www.fayetteville-ar.gov On May 5, 2026 shortly after the beginning of the Council Meeting at 5:30 PM, the Fayetteville City Council will hold a public hearing prior to the consideration and possible adoption of the 2026-2030 water and sewer rates ordinance and impact fee ordinance. The public will be able to comment during this Public Hearing and also during consideration of the rate ordinance prior to its final consideration and vote by the Fayetteville City Council. The public can attend in person or remotely via the link on the City’s website, www.fayetteville-ar.gov. If adopted, the proposed new rates would take effect on July 1, 2026, with. All persons are invited to attend the public hearing and be heard on the matter. A water and sewer cost of service study was conducted by Carollo Engineers pursuant to Fayetteville City Council Resolution 25-02 and State Law to perform a cost analysis to determine if costs allocations are fair and equitable among customer classes and to review the existing rate structure and design proposed rates that provide adequate revenues to operate and maintain the utilities and ensure sufficient funds will be available for necessary capital expansions. The rate study was conducted following the industry standard methodology from the American Water Works Association (M1 Principles of Water Rates, Fees, and Charges). The proposed water and sewer rate changes below are necessary for the City of Fayetteville to continue to provide safe and reliable water and sewer services to its citizens and other customers because extensive new capital needs are required now and will be required in the future, and operating costs have increased and will continue to increase. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 2 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 EXHIBIT B 159.02 Water And Wastewater Impact Fees (A) Applicability. (1) The following provisions shall apply to all of the territory within the city's water and wastewater service areas, including areas outside the corporate city limits and within service areas located within Washington County and other incorporated cities after June 16, 2003. (2) The following types of development shall be required to pay a water and/or wastewater impact fee: (a) New and existing development seeking a new connection to the city's water or wastewater system resulting in increased demand from water and/or wastewater facilities. This shall not apply to existing development that is connecting to the wastewater system in order to eliminate an individual sewage disposal system. (b) New and existing development as stated in (a) above seeking a new connection to the system of a wholesale customer of the city's water or wastewater system, where collection of the city's impact fee is required by the city's contract with the wholesale customer. (c) Nonresidential or residential redevelopment seeking a larger capacity or additional water meter. (B) Intent. (1) The intent of wastewater and water impact fees is to ensure that new development bears a proportionate share of the cost of improvements to the city's water and wastewater systems; to ensure that the proportionate share does not exceed the cost of providing water and wastewater facilities to the development that paid the fee; and to ensure that funds collected from developments are used to construct water and wastewater facilities that serve such developments. It is further the intent of this ordinance to use the impact fees to implement the city's Comprehensive Land Use Plan and future plan updates and to implement the city's Five Year Capital Improvements Program. (2) It is not the intent of this ordinance to collect any money from any development in excess of the actual amount necessary to offset demands generated by that development for the water and wastewater facilities for which the fee was paid. (3) It is not the intent of this ordinance that any monies collected for the water impact fee and the wastewater impact fee ever be commingled or ever be used for a type of facility different from that for which the fee was paid. (C) Time of Collection. (1) Water and wastewater impact fees shall be paid at the time of installation of the water meter serving the property or of the connection to the wastewater system, whichever comes first. (2) Development projects which have obtained building permits prior to the effective date of this ordinance shall pay the impact fees in effect at the time of the issuance of the building permit. (D) Fee Determination. (1) Schedule of Fees. The Impact Fee Administrator shall determine the amount of the water and wastewater impact fees for residential uses based on the type or size of the water meter and for nonresidential uses based on the size of the water meter using the following schedule: Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 2 of 4 Land Use Unit Water Wastewater Total Single-Family (average) Dwelling $2,672.00 $2,998.00 $5,670.00 Multi-Family (per dwelling unit) Dwelling $1,897.00 $2,129.00 $4,026.00 Nonresidential (5/8 x 3/4 inch meter) Meter $2,672.00 $2,998.00 $5,670.00 Nonresidential (1 inch meter) Meter $6,680.00 $7,496.00 $14,176.00 Nonresidential (1½ inch meter) Meter $13,361.00 $14,991.00 $28,352.00 Nonresidential (2 inch meter) Meter $21,377.00 $23,986.00 $45,363.00 Nonresidential (3 inch meter) Meter $42,754.00 $47,972.00 $90,726.00 Nonresidential (4 inch meter) Meter $66,803.00 $74,956.00 $141,759.00 Nonresidential (6 inch meter) Meter $133,606.00 $149,911.00 $283,517.00 Nonresidential (8 inch meter) Meter $213,770.00 $239,858.00 $453,628.00 Nonresidential (10 inch meter) Meter $307,294.00 $344,796.00 $652,090.00   (2) Redevelopment, Reconstruction, Change of Use. In the event of a redevelopment, reconstruction or change of use from an existing development or use, the fee shall be the difference between what the fee would be for the entire redevelopment or reconstruction project and what the fee would have been for the existing development or use. Existing development must be connected to the water or wastewater system at the time of redevelopment in order to apply this credit. (3) Mixed Use. For mixed use developments requiring a shared meter to serve both multi-family and nonresidential uses, the impact fee shall be calculated by assigning (a) the applicable multi-family impact fee based on the number of dwelling units, and (b) a nonresidential impact fee based on the meter size that would be required to serve only the nonresidential portion of the development, as determined by projected demands, fixture counts, or other accepted methods. The combined total shall constitute the impact fee for the mixed use development, regardless of the actual meter size installed to serve the full building demand. (4) Fire Suppression/Low Pressure. It is the intent of this ordinance to base water and wastewater impact fees on the typical usage in a new building or other facility. Extinguishing of fires is not a part of typical usage; to allow adequate fire flow to sprinklers and internal hydrants at some large and at-risk properties, it may be necessary for fire protection purposes to install a larger water meter than would be necessary to meet day-to-day needs of that facility. In addition, a larger meter may be required in areas of low water pressure than in areas of normal water pressure for the same type of use. In those cases, it is the policy of the city that the impact fee for water and wastewater should be based on the meter size needed by that facility for its typical usage, without regard to fire-flow or unusual pressure conditions. (5) Irrigation. Any separate water meter installed for irrigation purposes only shall not be included in the calculation of the wastewater impact fee. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 3 of 4 (6) Affordable Housing and Homeless Shelter Exemption. Construction of single family, non-profit multi- family supportive housing, and homeless shelters funded wholly or primarily by federal Community Development Block Grants, non-profit service organizations such as Habitat for Humanity, Housing and Urban Development housing loans and similar programs designed to provide affordable, owner- occupied, single family residences to low income individuals, non-profit multi-family supportive housing, homeless shelters, and all accessory dwelling units shall be exempted from payment of impact fees pursuant to this ordinance by the Impact Fee Administrator. (E) Use of Fees. (1) Establishment of Accounts. An Impact Fee Fund that is distinct from the General Fund of the city is hereby created, and the impact fees received will be deposited in the following interest-bearing accounts of the Impact Fee Fund: (a) Water Impact Fee Account; and (b) Wastewater Impact Fee Account. (2) Water Impact Fee Accounts. The Water Impact Fee Account shall contain only those water impact fees collected pursuant to this ordinance plus any interest which may accrue from time to time on such amounts. (3) Wastewater Impact Fee Account. The Wastewater Impact Fee Account shall contain only those wastewater impact fees collected pursuant to this ordinance plus any interest which may accrue from time to time on such amounts. (4) Order of Use. Monies in each impact fee account shall be considered to be spent in the order collected, on a first-in/first-out basis. (5) Use of Fees. The monies in each impact fee account shall be used only for the following: (a) Acquisition. To acquire land for and/or acquire or construct water or wastewater system improvements of the type reflected in the title of the account and as described in the Impact Fee Study as well as extension of service to new development paying an impact fee. (b) Debt Service. To pay debt service on any portion of any current or future general obligation bond issue or revenue bond issue used to finance water or wastewater system improvements of the type reflected in the title of the account that created or will create capacity to serve new development. (c) As described in subsection F, Refunds. (F) Refunds. (1) The City of Fayetteville shall refund the portion of collected development impact fees, including the accrued interest that has not been expended seven (7) years from the date the fees were paid. Interest shall be based on a 4% annual rate. (2) A refund shall be paid to the present owner of the property that was the subject of new development and against which the fee was assessed and collected. (3) Notice of the right to a refund, including the amount of the refund and the procedure for applying for and receiving the refund, shall be sent or served in writing to the present owners of the property no later than thirty (30) days after the date which the refund becomes due. The sending by regular mail of the notices to all present owners of record shall be sufficient to satisfy the requirement of notice. Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Created: 2026-02-24 15:05:56 [EST] (Supp. No. 39) Page 4 of 4 (4) The refund shall be made on a pro rata basis, and shall be paid in full no later than ninety (90) days after the date certain upon which the refund becomes due. (5) At the time of payment of the water or wastewater impact fee under this ordinance, the Impact Fee Administrator shall provide the applicant paying such fee with written notice of those circumstances under which refunds of such fees will be made. Failure to deliver such written notice shall not invalidate any collection of any impact fee under this ordinance. Ord. No. 4447, §1, 12-17-02; Ord. No. 4492, §159.02 C.1, 6-03-03; Ord. No. 4496 §159.02 "F", 6-17-03; Ord. No. 4919, 9-05-06; Ord. No. 4975, 1-16-07; Ord. No. 5206, 12-16-08; Ord. No. 6255, §2, 11-5-19) Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370 Docusign Envelope ID: 53AFC179-D95E-8C7C-816A-763379733370