Bartow, FL
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Raftelis is a firm that assists local governments and utilities thrive by providing management consulting expertise to help transform local governments and utilities. They provide a wide range of management consulting services including: finance, assessment, communications, technology, executive recruitment, strategic planning, stormwater utility services, and solid waste services.
Stormwater Utility Rate Study
Raftelis was hired by the City of Bartow to develop financial forecast to project stormwater system operations for fiscal years 2024 through 2028, specifically to:
- Evaluate historical expenditure trends and data
- Project revenues and revenue requirements
- Develop funding strategy for capital improvement program
- Evaluate cash reserve targets and financial performance requirements
- Determine adequacy of fee revenues at existing levels
The Study, which was completed on May 2, 2024 can be viewed here.
Municipal Impact, & Development Fee Studies
Raftelis was hired by the City of Bartow to study Bartow's Municipal Impact Fees, Water & Wastewater Development Fees and Transportation Impact Fees.
The Impact Fee Study Objectives were as follows:
- Update City’s existing Public Facilities, Transportation impact fees, Parks & Recreation recoupment fees, and Water and Wastewater development fees
- Develop new Police and Fire impact fees
- New growth to pay its own way
- Review historical (“embedded”) assets and planned improvements available to meet demands of growth
- Follow statutory parameters and case law