KISSIMMEE, Fla., June 29, 2011 – The Kissimmee Utility Authority board of directors on Wednesday approved a $229 million operating and capital budget for fiscal year 2012. The vote came after a public hearing on the budget.
The approved budget is $8 million, or 3.5 percent, higher than the 2011 budget and marks the utility’s seventh consecutive year without a base rate increase. The utility’s last base rate increase was July 2005.
The total number of employee positions will remain the same for FY 2012 due to flexible work scheduling and attrition. Additionally, for the first time since October 2009, the budget reflects a five percent cost of living increase for employees.
Other highlights of the FY 2012 budget include:
• $135 million for fuel and purchased power
• $15 million for construction and capital expenditures, the majority of which are related to growth and reliability enhancements
• $16 million for transfers to the city of Kissimmee and Osceola County for electric sales and taxes
• Total employee base of 311 with an associated payroll of $29 million
• Expected customer growth of 1.6 percent
• Forecasted energy sales increase of 2.5 percent
“It was a challenging year for budgeting, but we are pleased to have found ways to avoid raising rates while preserving system reliability and superior 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