Specifications include, but are not limited to: 1) Determination of utility revenue requirements: • Identify revenue requirements for the test year and over a ten-year planning horizon with consideration of historical population data. • The financial projection should include a financial statement projection, cash flow projection and identify any potential future bonding requirements of the utility. • The evaluation needs to include requirements of the City’s Strategic Plan and goals included in the Climate Action and Adaptation Plan. • Evaluate potential cost savings in operations. • Evaluate impacts of the capital improvement projects (CIP) and revenue requirements for potential projects that includes both a conservative and aggressive scenario. 2) Determine appropriate rate of return on utility assets - Determine revenue requirement on either a cash basis or utility basis of rate, making an appropriate rate of return on utility assets considering factors such as current interest rates, cash balances and long-term capital needs of the utility 3) Calculate debt coverage ratios and rate adjustments to meet or exceed debt coverage ratios 4) Recommend the minimum cash reserve levels for the utility 5) Identify cost to serve each type of customer including: • Monthly customer base service charge (both inside and outside city limits) • Monthly Fire Flow Charge (both inside and outside city limits) • Usage charge (both inside and outside city limits)