KISSIMMEE, Fla., June 27, 7:00 pm — At tonight’s meeting of the Kissimmee Utility Authority (KUA) Board of Directors, the Board adopted a $158.6 million budget for Fiscal Year 2002. The 4-0 vote came after a public hearing on the budget.
Highlights of the new budget include capital expenditures of $13.5 million and the rollover of a $14 million fund from the current budget to cover the planning and construction of infrastructure to support the planned
Customer growth in FY 2002 is expected to rise 2.8% while energy sales are forecasted to increase by 4.5%. The utility is anticipating a new summer system peak of 280.1 megawatts (MW). The current system peak is 251 MW, set back on the 15th of this month.
The budget is a 19% decrease from FY 2001 and includes an increase of 4 new positions (including 2 part-time) and a market level adjustment of 3% for all employees. The decrease is the result of the completion of a third generating unit at KUA’s
The budget also reflects the third and final year of a series of levelized rate changes that are being phased in to meet projected revenue requirements. A rate increase of 1.65% is scheduled to take effect on
Contact: Chris Gent, Manager of Communications
(407) 933-7777 ext. 1116