Enidutilities budget notes water revenue growth, large project reimbursements and $436M total debt
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Summary
City staff presented the Enid Municipal Authority (EMA) financial plan showing increases in water revenues tied to the water project, a $4 million expected reimbursement tied to a program, and a total EMA debt balance cited at $436 million with most related to the Kaw Lake project.
City finance staff presented the Enid Municipal Authority (EMA) financial plan for fiscal 2025-26, outlining revenue increases tied to water-production costs, grant reimbursements connected to a lake project, and the EMAdebt portfolio.
Staff said water is the largest EMA revenue source at roughly one-third of total revenues and that overall EMA revenues are projected up by about $6.3 million compared with the prior fiscal year; of that increase roughly $1.4 million was attributed to water revenue growth. Staff also said the budget anticipates a $4 million reimbursement grant tied to a lake-related program (presented as a reimbursement) and that stormwater, trash and wastewater revenue lines show modest increases.
On liabilities, staff presented an EMA total outstanding debt figure of $436,000,000 and said $22,000,000 was paid off this year. The presenter also stated that approximately $412,000,000 of the $436,000,000 total is associated with the Kaw Lake (water) project. Capital outlay for EMA included vehicles, AMI equipment and infrastructure replacement; staff noted a $600,000 AMI equipment target and planned purchases such as a $700,000 back truck and a $160,000 water truck in the proposed plan.
Commissioners did not adopt a final budget at the session; staff said the commission will continue review during the next meeting on capital projects.
