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Finance director outlines utility operating and borrowing updates; emphasizes focus on LSL funding
Summary
Finance Director Mary Anne presented the November operating and capital report, noting water charges rose from $8.4 million to $10.8 million (largely due to a rate increase), interim financing draws, and a priority to confirm how the utility will fund its share of lead service line replacements.
Mary Anne, Finance Director, presented the Wausau Water Works monthly financials and an expanded report that included prior‑year actuals to improve trend analysis.
Key figures: Mary Anne said water charges for the period rose from about $8.4 million last year to $10.8 million this year, primarily reflecting the rate increase. She also described proceeds from debt and grant activity tied to ongoing projects (including the GAC project) and said the utility reflected payoff activity of an interim $17 million financing draw.
She said capital outlay and professional services costs reflect ongoing engineering and project work, and noted varying timing in expenses such as chemicals and utility services. Mary Anne said the utility’s top priority for 2025 is determining how to fund its share of lead service line replacement initiatives and that staff will provide Ehlers with financial data to analyze rate impacts.
She also said staff are closing the month of December and preparing information needed for expected loan closings with Clean Water and Safe Drinking Water programs in Q1 2025.
No action was required; commissioners asked clarifying questions and staff said they would return with updated capital improvement plan estimates in March.
