KUA Board Adopts $239.4M Budget

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Customer growth in 2006 expected to rise 4.7 percent

KISSIMMEE, Fla., July 6, 5:15 p.m. – At Wednesday’s meeting of the Kissimmee Utility Authority (KUA) board of directors, the board adopted a $239.4 million budget for fiscal year 2006. The 5-0 vote came after a public hearing on the budget.

The fiscal year 2005 budget totaled $196.1 million.

The adopted budget includes $98.5 million for fuel and purchased power and $16.3 million for construction and capital expenditures. An electric rate change that took effect July 1 is reflected in the budget.

Capital expenditures include reliability enhancements to KUA’s transmission and distribution system and construction of a new electric substation to serve the rapid growth in the Pleasant Hill Road area.

The budget includes $15.1 million in transfers to the city of Kissimmee and Osceola County for electric/telecommunication sales and taxes.

Customer growth in 2006 is expected to rise 4.7 percent while energy sales are forecasted to increase by 4.8 percent.

The budget reflects a net decrease of 1.5 positions, primarily attributable to the retirement of eight diesel units at the Roy E. Hansel power plant in downtown Kissimmee. KUA’s total employee base will decrease to 305.5 in 2006 with an annual payroll of $22 million.

The budget includes a market level adjustment of three percent for utility employees.

Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility providing electric, water and telecommunication services to 170,000 residents in five Central Florida counties.

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Chris M. Gent
(407) 933-7777 x 1116
cgent@kua.com