KUA Board Adopts $239 Million Budget

The Kissimmee Utility Authority board of directors on Wednesday approved a $239 million operating and capital budget for fiscal year 2022. The vote came after several Board discussions and a public hearing on the budget.

The approved budget is a 3.9 % increase from the 2021 budget.  The increase is related primarily to continued load growth and system infrastructure expansion.  This also marks the utility’s 17^th consecutive year without a base rate increase. The utility’s last base rate increase was in July of 2005.

The budget authorizes 287 full-time equivalent positions, a decrease of 2 positions from the current budget and reflects a three percent market level adjustment for employees.

Other highlights of the FY 2022 budget include:

• $122 million for fuel and purchased power
• $24 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 $40 million
• Expected customer growth of 1.9 percent over FY21 budget
• Forecasted energy sales increase of 1.6 percent over FY21 budget

The new budget takes effect October 1, 2021.