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Donation of Water Rate Credits to Pasadena Unified School District – City Council Summary

On August 16, 2010, the City Council approved a program allowing eligible customers to donate portions of their water rate credits to the Pasadena Unified School District (PUSD) via the Pasadena Education Foundation (PEF). As of June 30, 2010, over $1.4 million in credits was available from 3,500 single-family, 770 multi-family, and 553 commercial/industrial accounts. Customers will receive a letter around October 20 to elect how much of their credit to contribute. Donations are tax-deductible and must be returned by November 15 for processing.

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Donation of Water Rate Credits to Pasadena Unified School District – City Council Summary

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  1. Donation of Blocks 4 and 5 Water Rate Credits to Pasadena Unified School District/ Pasadena Education Foundation City Council August 16, 2010

  2. Summary of Rate Credit Information Eligible Customers at June 30, 2010: • Single Family Residential 3,500 • Multi-Family Residential 770 • Commercial/Industrial 553 Total Credit Amount: $1,428,575 Additional billing for blocks 4 and 5 through July 15, 2010 • Effective date of City Council approved rate changes Credits applied to December/January bills

  3. Credit Donation Process • PUSD/PEF letter sent to eligible customer list • Approximately October 20 • Customer elects portion of credit to donate • Some or all of the credit may be donated • Donation will be tax deductible • Information returned to PWP for processing • Must be returned by November 15 • Credits accumulated on behalf of PUSD/PEF • Donated credit removed from customer’s billing record • PWP releases accumulated funds to PUSD/PEF • By end of December 2010

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