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The Auditor will discuss this with the Council during the <br /> Audit. Following that discussion, the Council may need to <br /> decide if the City should hire the audit firm to re-evaluate <br /> the depreciation of the capital assets in the water and sewer <br /> department. <br /> Attached is the information the Council received at the <br /> April 31d Council meeting regarding the Committee's <br /> recommendation regarding the rate study. <br /> Council Action Requested: Council decision how to <br /> proceed. If the Council decides to re-evaluate the <br /> depreciation schedule of the water and sewer capital assets, <br /> a motion should be made to hire the auditor to perform the <br /> study. <br /> If the Council decides to contract with on the companies to <br /> do a rate study, a motion should be made to hire the firm to <br /> do the rate study per the proposal. <br /> If the Council chooses to table a rate study, a motion should <br /> be made to table. <br /> i <br />