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CCUSA presents FY25 budget snapshot: $6.7M operating costs, limited unencumbered funds
Summary
Staff told the joint workshop that FY25 operating expenses are about $6.7M, routine capital maintenance about $1.5M, and CCUSA holds $14.1M in bank balances though much is encumbered, leaving roughly $1.2M unreserved for new capital. Staff signaled possible rate action in coming years depending on project schedules.
Campbell County Service Authority staff outlined the authority's fiscal picture for FY25 and how current balances and fee structures relate to capital planning.
Staff reported FY25 operating expenses of roughly $6.7 million and an annual capital-maintenance program of about $1.5 million to keep existing facilities operating. The authority reported total cash balances of approximately $14.1 million, but staff said most of that is dedicated to bond requirements, encumbered accounts and other earmarks; that left only about $1.2 million of truly available funds for discretionary capital work.
Jeff Wells said the authority has been building reserves for future projects to avoid a dramatic single-year rate spike when major projects come due. He described the capital recovery fee and a sewer-capacity fee as important tools that capture revenue when new customers connect and can be applied toward future purchases of regional capacity or local capital.
Wells and other staff compared CCUSA's residential bills and fees to nearby service authorities, saying CCUSA's typical residential bill (including water and sewer) was about $92 versus $129 and $138 for two neighboring authorities. Staff cautioned these comparisons reflect different organizational structures: unlike cities, CCUSA cannot use a general fund and relies primarily on rate and fee revenue.
Staff said they will run a five-year rate analysis and consider whether modest rate increases will be needed to keep capital and operating budgets balanced as larger projects come online.
