KISSIMMEE, Fla., August 3, 2012 – The Kissimmee Utility Authority board of directors on Wednesday approved a $220 million operating and capital budget for fiscal year 2013. The vote came after a workshop and public hearing on the budget.
The approved budget is $9 million, or four percent, less than the 2012 budget and marks the utility’s eighth consecutive year without a base rate increase. The utility’s last base rate increase was July 2005.
The budget authorizes 305.5 full-time equivalent positions, which is a decrease of 5.5 positions from the current budget. The budget reflects a three percent cost of living increase for employees.
Other highlights of the FY 2013 budget include:
• $119 million for fuel and purchased power
• $21 million for construction and capital expenditures, the majority of which is related to rebuilding the utility’s Power Plant substation as well as reliability enhancements
• $19 million for transfers to the city of Kissimmee and Osceola County for electric sales and taxes
• Total employee base of 305.5 with an associated payroll of $31 million
• Expected customer growth of 2.3 percent
• Forecasted energy sales increase of 2.9 percent
“It was another challenging budget year, but we are pleased to have found ways to avoid raising rates while preserving excellent system reliability and service for our customers,” said KUA president and general manager Jim Welsh.
The new budget takes effect October 1.
Founded in 1901, KUA (http://kua.com) is Florida’s sixth largest community-owned utility providing electric and telecommunication services to 64,000 customers in Osceola County, Fla.
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Chris M. Gent