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Lynchburg utility funds meet policy targets, but council presses staff on repeated rate increases
Summary
City staff reported water, sewer and stormwater funds met debt-coverage and fund-balance policies, yet a council member questioned repeated rate increases while funds remained sizable; staff cited a consent order, capital needs and emergency risk.
City staff told the Lynchburg Finance Committee Dec. 9 that the water, sewer and stormwater funds finished FY25 within or above council financial-policy targets, but several council members pushed staff for clearer public explanations about why rate increases continue despite large fund balances.
Tim Mitchell reported the water fund closed the year with a debt-coverage ratio of 1.33 and a fund balance of 36%. The sewer fund exceeded budgeted revenues by about $1.7 million and reported a debt-coverage ratio of 1.51 and a fund balance of 51%. The stormwater fund had a…
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