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 fiscal year 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 fiscal year 2020 budget
∙Forecasted energy sales increase of 1.4 percent over fiscal year 2020 budget.
The new budget takes effect Oct. 1, 2020.
