KISSIMMEE, Fla., July 1, 2020 – The Kissimmee Utility Authority board of directors on Wednesday approved a $229 million operating and capital budget for fiscal year 2021. The vote came after several Board discussions and a public hearing on the budget.
The approved budget is a three percent increase from the 2020 budget. The increase is related primarily to continued load growth and system infrastructure expansion. This also marks the utility’s 16th consecutive year without a base rate increase. The utility’s last base rate increase was July 2005.
The budget authorizes 289 full-time equivalent positions, no change from the current budget and reflects a one and one half percent market level adjustment for employees.
Other highlights of the FY 2021 budget include:
- $117.3 million for fuel and purchased power
- $23.8 million for capital expenditures
- $30.2 million for transfers to the City of Kissimmee and Osceola County
- Total employee base of 289 with an associated payroll of $38 million
- Expected customer growth of 4.2 percent over FY20 budget
- Forecasted energy sales increase of 1.4 percent over FY20 budget
The new budget takes effect October 1, 2020.
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility powering 80,000 customers in Osceola County, Fla.