POWDERSVILLE — The Powdersville Water District Board of Directors approved a financial plan for 2010 that will keep all rates and fees at current levels.

The Board approved a revised cost of service rate model that outlines the district’s financial and business plan for the upcoming year.

The rate model includes the operating budget, a revised Capital Improvement Plan, a debt management plan, a rate analysis and a demand forecast all in one document.

“This is a very effective planning tool for the District and we are pleased to announce that rates will remain stable for the upcoming year, even in this time of economic uncertainty,” General Manager Dyke Spencer said. “The PWD staff has worked diligently to keep costs down while maintaining the high level of service our customers have come to expect.”

In order to keep rates steady, several scheduled projects have been delayed until the local economy improves.

These projects were of a long-term nature, and will not have an impact on immediate water service. But the water district will continue with its plans to make improvements to the water system in 2010 with the completion of two large capital improvement projects that were started in 2009.

The new elevated water tank off Highway 153 should be completed and on line in May, 2010 and the four miles of 12-inch water main in the south end of the system should be finished in April.