Agency reports strong July connection fees, cash forecast to rebound by quarter end

Mark Setout, agency treasurer, presented the monthly financial dashboard for July 2025 and highlighted unusually strong connection-fee invoicing.

Setout said, "The total was the $1,200,000 shown there, which represents almost a 136 percent of our budgeted connection fees for the year." He told the board the July connection fees were driven by Sterling Chase in Gretna and R and R Commerce Park South and Sarpy West Industrial.

Setout reported flow-rate revenue for July of $56,806, noting that amount represents roughly 7% of the annual budgeted flow-rate revenue and that July bills include June flows billed under prior-year rates. He said the agency is one month in arrears with billing and expects flows to normalize: "As we continue on, we believe that's gonna level off as the year progresses."

On expenses and cash, Setout said expenses were low for the month after prioritizing payment of last fiscal-year invoices. He reported cash on hand of $7,400,000, down from $7,900,000 the prior month, and noted the agency had paid about $800,000 toward the Springfield decommissioning project pending WIFIA reimbursement. Setout forecasted, "we should be back up around $10,000,000 cash on hand before the end of the quarter."

Board members asked staff to add a column showing the prior year's same-period totals to the dashboard; Setout agreed to add historical comparative columns. A board member also asked whether agency cash could be placed in higher-yield accounts; Setout said the agency was reviewing investment options and expected to act once additional cash is received.