KUA Board Adopts $309 Million Budget

For immediate release — July 6,  2022

KISSIMMEE — The Kissimmee Utility Authority board of directors on Wednesday approved a $309 million operating and capital budget for fiscal year 2023. The vote came after several Board discussions and a public hearing on the budget.

The approved budget is a 29.5 percent increase from the 2022 budget. The increase is related primarily to higher expenditures in fuel and purchased power. This also marks the utility’s 18th consecutive year without a base rate increase. The utility’s last base rate increase was in July 2005.

The budget authorizes 287 full-time equivalent positions – the same as the current budget – and reflects a four percent market level adjustment for employees.

Other highlights of the FY 2023 budget include:

  • $174 million for fuel and purchased power
  • $19 million for capital expenditures
  • $31 million for transfers to the City of Kissimmee and Osceola County
  • Total employee base of 287 with an associated payroll of $43 million
  • Expected customer growth of 3.3 percent over FY22 budget
  • Forecasted energy sales increase of 1.7 percent over FY22 budget

The new budget takes effect October 1, 2022.

Founded in 1901, KUA is Florida’s sixth largest community-owned utility powering 84,000 customers in Osceola County, Florida. For more information, visit www.kua.com.