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Kaysville staff flag utility operating shortfalls; model shows need for rate adjustments or bonding
Summary
Staff presented an enterprise‑fund overview and introduced a WaterWorth model that projects operating shortfalls for water and power unless rates or capital funding approaches change.
City finance staff and consultants told the council that Kaysville’s enterprise funds (water, electric, stormwater and sanitation) show operating shortfalls on an ‘‘operating basis’’ even though net position and fund balances remain positive.
Staff walked the council through operating revenues and expenses for each utility. The presentation showed that operating revenues did not fully cover operating expenses for several utility funds and that investment income and capital contributions were the primary reasons overall net position increased.…
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