Notice: Undefined index: xban_cat_1 in /web/reseaux.jaguar-media.com/inc.php on line 435
  •  
BACK SEND PRINT

Kissimmee Utility Authority Board Adopts $222 Million Budget
Marks 10th Consecutive Year With No Base Rate Increase; All Long-Term Debt Paid Off by 2018



July 10, 2014

The Kissimmee Utility Authority board of directors on approved a $222 million operating and capital budget for fiscal year 2015. The vote came after a workshop and public hearing on the budget.

The approved budget is $7.4 million, or three percent, higher than the 2014 budget and marks the utility's tenth consecutive year without a base rate increase. The utility's last base rate increase was July 2005.

The budget authorizes 302 full-time equivalent positions, which is a decrease of three positions from the current budget. The budget also reflects a three percent cost of living increase for employees and provisions to comply with the Patient Protection and Affordable Care Act.

With the objective of keeping KUA strategically positioned, budgetary projections have all long-term debt paid off by Fiscal Year 2018.

Other highlights of the FY 2015 budget include:

  • $126 million for fuel and purchased power
  • $14 million for construction and capital expenditures, the majority of which is related to reliability enhancements
  • $25 million for transfers to the City of Kissimmee and Osceola County for electric sales and taxes
  • Total employee base of 302 with an associated payroll of $33 million
  • Expected customer growth of 1.6 percent
  • Forecasted energy sales increase of 1.4 percent

The new budget takes effect October 1.

Founded in 1901, KUA is Florida's sixth largest community-owned utility powering 64,000 customers in Osceola County, Fla.

For more information :

Organization:
KUA - Kissimmee Utility Authority
Address:
PO Box 423219
Kissimmee, Florida
United States, 34742-3219
www.kua.com

Contact person:
Chris M. Gent, APR, CPRC, VP Corporate Communicati
Kissimmee Utility Authority
Tel: 407-933-9836
E-mail: cgent@kua.com


Link http://www.electricenergyonline.com/detail_news.php?ID=489213
BACK SEND PRINT
Most consulted news

Contact us

Jaguar Expo Inc
1160 rue Levis, Suite 100
Terrebonne (Quebec) J6W 5S6

Tel.: 450-471-0796
Toll free: 888-332-3749
Fax: 450-471-5443 . 888-243-4562

info@electricenergyonline.com
www.electricenergyonline.com

  Press

  Jobs

  Events

  Subscription

  News

  Magazine

  News on your smartphone

© 2014, Jaguar Media inc. All rights reserved. 1996-2014