Budget in Brief 20 23

Centennial Water & Sanitation District is the water and wastewater utility serving Highlands Ranch and Mirabelle. It has provided water and wastewater services to residential and commercial customers for four decades.

MISSION: Provide safe, sustainable and reliable water and wastewater utility services to our customers with superior quality and value.

VISION: To set the standard of excellence for community-based water and wastewater utility services through innovative practices in finance, operations and resource management.

OPERATING REVENUES

$49,843,814

Rates As A Funding Source

While some water and wastewater providers are funded by a combination of property tax and rates, Centennial Water is solely funded by rates. Rates provide funding for operations and reserve for future needs including water acquisition, debt service and capital.

The Centennial Water board of directors is committed to the annual review of rates to ensure sufficiency for the upcoming year and the future.

Centennial Water’s rates continue to be among the lowest in the south Denver Metro area.

WATER RATES PER 1,000 GALLONS

Rates recover the cost of operations and maintenance including cost for staff, treatment chemicals, utilities, ongoing repair and maintenance of facilities, water acquisition and debt service.

OPERATING EXPENDITURES

$27,970,536