Derby Council Approves $344K August Dividend Payment to City Stockholder

During the recent Derby City Council meeting held on August 26, 2025, council members addressed several key topics, including the approval of minutes and the declaration of the August dividend. The meeting concluded with a motion to adjourn after all new business was discussed.

The council began by approving the minutes from the previous meeting, with a unanimous vote of 7-0. This procedural step is essential for maintaining transparency and accountability within the council's operations.

A significant highlight of the meeting was the declaration of the August dividend. Council member Engel moved to authorize a payment of $344,463.63 to the city of Derby, reflecting the city's status as the sole stockholder of the water company. This dividend, consistent with previous years, underscores the financial health of the water utility and its importance to the city's budget.

Looking ahead, council member Coleman indicated that proposed changes regarding water regulations would be presented at the first meeting in September. This is particularly timely, as the city of Wichita plans to implement permanent restrictions on water usage by September 15. The council aims to ensure that Derby's regulations align with these changes, which is crucial for effective water management in the region.

The meeting concluded with another unanimous vote to adjourn, reflecting a smooth and efficient session. As the council prepares for upcoming discussions, the focus will remain on adapting to new water regulations and ensuring the city's financial interests are safeguarded.