The Vendor is required to provide consulting services for development of long-term financial planning models for the electric, water, wastewater, and stormwater enterprise funds.
- Consulting assistance is desired for a review of existing long-term financial planning models and development of new models to establish long-term revenue requirements to be used for recommending future rate increases for each enterprise.
- For the four (4) utility enterprise funds, develop a 10-year long-range financial plan model which incorporates the utilities’ capital improvement plans (CIP) and a forecast of operating revenue and expenses based on utilities historical actuals, existing forecast models, and approved 2025/2026 budget.
- Analyze and make recommendations on future rate projections (within the utilities’ current rate structure) to meet revenue requirements for a five (5) year period that adequately funds all operational, maintenance, and capital needs, with rate range estimates for the additional five (5) years of the long-range financial plan.
- Review of outstanding debt and projected capital improvement plan expenses that may require future debt issuances. 
- Recommend rates that will meet utilities’ desired financial metrics in consideration of bond rating agency evaluations.
- Identify and provide potential alternative rate scenarios to meet financial targets and capital replacement targets based on the utilities’ capital improvement plans. 
- For each alternative rate scenario, the firm shall provide studies of present and future cash flow, implementation schedules and the effect of variations in critical assumptions such as customer growth, sales, conservation strategies, seasonable aberrations, costs of capital improvements, and debt service.
- Consultant will develop spreadsheet analyses that models established financial planning and rate procedures.
- These analyses will be part of an excel-based financial planning and rate model that will enable the utility to periodically revise and update the studies and projections of revenue and revenue requirements on a routine basis. 
- The model will incorporate required features necessary to permit continuing, user-friendly, “in-house” application by utility staff.
- Report on the effect of proposed rates on typical utility customers.
- Compare and discuss the city’s electric, water, stormwater, and wastewater rates versus neighboring communities along the Front Range.
- Review the city’s existing methodology for assessing electric development fees, known as electric capacity fees (ECF), and evaluate against industry standard methodologies.
- Provide an industry review and recommendation for the city’s fixed base rates versus variable consumption rates within the existing rate structures, with consideration to affordability, equity, revenue volatility, and conservation goals. 
- Present to city council or sub-committee if requested in partnership with city staff.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: June 12, 2025