The Kissimmee Utility Authority board of directors recently approved a $222 million operating and capital budget for fiscal year 2020. The vote came after a workshop and public hearing on the budget.
The approved budget is a 13 percent decrease from the 2019 budget. The decrease is related to the restructuring of debt payments and a reduction in capital expenditures. The budget also marks the utility’s 15th consecutive year without a base rate increase. The utility’s last base rate increase was in July 2005.
The budget authorizes 289 full-time equivalent positions, no change from the current budget, and reflects a three percent market level adjustment for employees.
Other highlights of the FY 2020 budget include:
• $123.0 million for fuel and purchased power.
• $26.4 million for capital expenditures.
• $29.9 million for transfers to the city of Kissimmee and Osceola County for electric sales and taxes.
• Total employee base of 289 with an associated payroll of $37 million.
• Expected customer growth of 2 percent.
• Forecasted energy sales increase of 1.1 percent.
The new budget takes effect Oct. 1, 2019.