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Budget committee reports utility forecasts; council plans outreach ahead of rate decision
Summary
Budget and Finance reported a Baker Tilly review showing reserves on track and asked KMEA for a 2026 utility cost and usage forecast; council signaled public outreach on rate proposals and potential bill-format changes to improve transparency.
The council's Budget and Finance representative Scott reported that the committee reviewed year-to-date financials with consultant Baker Tilly and that projected year-end reserves looked generally on track. Scott said the electric fund appeared aligned with expectations following recent rate adjustments but noted October data were not yet available.
Scott said staff asked KMEA for a 2026 utility cost and usage forecast to inform the 2026 budget and any rate decisions. He told the council the first formal rate-setting opportunity will be the council's first meeting in February, allowing time to gather data and conduct outreach.
Committee members also discussed a proposed change to the utility-billing format intended to improve transparency by separating debt and meter fees on bills. Scott said the change would not alter total charges but would show how rates are allocated; staff will return with details and timing for possible implementation.
