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Findlay staff outline utility pro formas; water tracking as projected, sewer healthy, stormwater may need future rate changes
Summary
City staff presented year-to-date utility financials and 10-year forecasts. Water revenues are performing as projected after a recent rate change; sewer fund is in a strong position. Staff signaled that stormwater may require a rate restructure or increases once the long-term control plan is finalized.
City staff presented year-to-date utility financial reports and multi-year pro formas, saying water revenues are tracking as projected after the 2024 rate change and that the sewer fund is in a healthy position. Staff warned that stormwater could require changes once the long-term control plan identifies capital needs.
Jason (utility billing/finance) and other staff described month-to-month revenue and expense cadence and the role of operating transfers and capital spending in fund balances. The presentation showed how large capital items…
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