KISSIMMEE, Fla., July 14, 2016 – The Kissimmee Utility Authority board of directors on Wednesday approved a $225.9 million operating and capital budget for fiscal year 2017. The vote came after a workshop and public hearing on the budget.
The approved budget is a 0.1 percent increase over the 2016 budget and marks the utility’s 12th consecutive year without a base rate increase. The utility’s last base rate increase was July 2005.
The budget authorizes 292 full-time equivalent positions, with no staffing increases. The budget also reflects a three percent market level adjustment for employees.
With the objective of keeping KUA strategically positioned, budgetary projections have all long-term debt paid off by fiscal year 2018.
Other highlights of the FY 2017 budget include
- $123.5 million for fuel and purchased power
- $18.4 million for capital expenditures, the majority of which is related to growth and improvement of the utility’s transmission and distribution system
- $27.4 million for transfers to the City of Kissimmee and Osceola County for electric sales and taxes
- Total employee base of 292 with an associated payroll of $35 million
- Expected customer growth of 1.9 percent
- Forecasted energy sales increase of 1.7 percent
The new budget takes effect October 1, 2016.
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility powering 70,000 customers in Osceola County, Fla.