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. Implications of Delaying New Rate Schedule <br />Note: The proposed rate schedule shown in Attachment 2 assumes implementation in January 2009. If that rate schedule is used but not <br />implemented in January, there would be a loss of approximately $8000 in revenue for every month of delay. Alternately, the <br />following table shows the percentage increases that would be required to recuperate the $40,000 reduction in subsidy by the end of <br />FY2009. <br />Implementation Percent Increase Re aired for 3 Year Subsid Eliminatio <br />Date FY08-09 FY09-10 FY10-11 Cost of Dela ed Im lementation <br />January 2009 150% 20% 20% $0.00 <br />(5 months to recover $40,000) <br />February 2009 190% 12% 10% $8,000.00 <br />(4 months to recover $40,000) <br />March 2009 250% 0% 3% $16,000.00 <br />(3 months to recover $40,000) <br />A ril 2009 or later * ** ** <br />* If a new rate schedule were implemented in April 2009 or later, the rate increase required to generate $40,000 before the end of <br />FY2009 would be larger than the 300% overall rate increase needed to fully fund the sewer system. <br />** The percentage increase of the rates in FY2010 and FY2011 are dependent upon the percentage increase in FY2009 <br />.~ <br />is~ <br />d1 <br />