KUA Board Adopts $293 Million Budget

On Wednesday, the Kissimmee Utility Authority board of directors approved a $293 million operating and capital budget for fiscal year 2025. The vote came after several Board discussions and a public hearing on the budget.

The approved budget is a 2.4 percent decrease from the 2024 budget.  The decrease is related primarily to a decrease in debt service. This budget also marks the utility’s 20^th 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, an increase of 1 position, and reflects a five percent market level adjustment for employees.

Other highlights of the FY 2025 budget include:

1. $153 million for fuel and purchased power
2. $33 million for capital expenditures
3. $33 million for transfers to the City of Kissimmee, City of St. Cloud, and Osceola County
4. Total employee base of 289 with an associated payroll of $49 million
5. Expected customer growth of 2.0 percent over FY24 projection
6. Forecasted energy sales increase of 1.1 percent over FY24 projection

The new budget takes effect on October 1, 2024.