KISSIMMEE, Fla., July 8, 2009 – Kissimmee Utility Authority on Wednesday approved an operating budget and capital program for fiscal year 2010 that includes no base rate increase, avoids cuts in services and funds reliability enhancements to the utility’s infrastructure.
The utility’s board of directors adopted a $260 million budget, a $36 million decrease from fiscal year 2009’s $296 million budget.
The adopted budget includes $142 million for fuel and purchased power and $22 million for construction and capital expenditures. The majority of the capital expenditures are related to growth and reliability enhancements to KUA’s transmission and distribution system.
The budget includes $15 million in transfers to the city of Kissimmee and Osceola County for electric sales and taxes.
The budget reflects a decrease of three positions from the authorized 311 positions, decreasing KUA’s total employee base to 308 with an associated payroll of $26 million. Other cost-cutting measures affecting employees include no cost of living increases or annual performance increases in 2010.
Customer growth in 2010 is expected to rise 3.6 percent, while energy sales are forecasted to increase by 2.1 percent.
No base rate increases are planned for the new budget year, which begins Oct. 1.
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility providing electric and telecommunication services to 62,000 customers in Osceola County, Fla.
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Chris M. Gent