KISSIMMEE, Fla., April 4, 2013 – The Kissimmee Utility Authority board of directors on Wednesday approved a request made by the Kissimmee City Commission to change the methodology used to calculate the utility’s annual transfer fee to the city.
Beginning Oct. 1, 2013, the amount of the annual transfer will be calculated based on the average percentage of operating revenues transferred by other municipally-owned utilities in Central Florida. The transfer amount for fiscal year 2014 has been set at 7.6 percent.
If operating revenues remain at the 2012 level, this would result in an increase of $2.89 on an average monthly KUA bill of 1,000 kWh.
The transfer, which is revenue neutral to KUA, is a direct pass-through to the customer and is included on the bill as “Governmental Transfers/Taxes.”
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility powering 64,000 customers in Osceola County, Fla.
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Chris M. Gent