Finance | Funding
How Is Cascade Financed?
Cascade collects rates and charges from its members to fund activities. The Board adopts a budget and sets rates annually. Generally, Cascade's revenues consist of:
- Administrative Dues and Conservation Charge – Assessed to members based on their total water use.
- Demand Share Charge – Assessed to members based on the greater of their past three years average daily demand or peak season demand.
- New Water Surcharge – Charged to members for water use above the historical Seattle "old water allowance" (expired in 2011).
- Regional Capital Facilities Charge (RCFC) – Assessed to members for each new connection to their water system and used to fund capital programs and for debt repayment (members are responsible for collecting the RCFC from their customers. The total connection charge set by members may also include local charges and therefore may vary from the RCFC).
- Loans – From members or other entities (such as the State Public Works Trust Fund).
- Bond Proceeds – Tax-exempt bonds issued by Cascade for eligible purposes.
- Other Income – Such as investment earnings.