ESTABLISHMENT OF RATES
The City of Palm Bay's Utilities Department has been established as an enterprise fund. As such, the Utility does not receive any funding from property tax dollars, rather the Utility operates solely from the revenues received from services provided to its customers. As an Enterprise Fund, the Utility should have revenues equal to the costs of the services provided by the Utility, and establish rates sufficient to cover the cost of operating, maintaining, repairing, and financing the Utility's water and sewer systems.
As part of the budgetary process, the City annually reviews the financial position of the Utilities Department. In addition, a formal rate study is conducted every five years or as warranted to determine if rates should be adjusted.
Rates are adjusted annually on October 1st.
- Initial Deposits (Residential
- Initial Deposits (Commercial)
- Residential Rates and Charges
- Commercial Rates and Charges