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Utilities report: water consumption down, electric fund stable; city retains A-minus credit rating
Summary
Utilities staff said water consumption declined (reducing metered sales by an estimated $600,000), the city expects a $334K Air Force reimbursement (including $250K for ion-exchange media), and the electric fund projects a surplus while passing transmission/power cost increases to customers; S&P A-minus credit rating was confirmed.
Utility managers briefed the council on the water and electric funds and on steps taken to stabilize utility finances.
Water: Utilities Director Dan reported projected water revenues of about $12.5 million and expenditures around $10.4 million. Staff noted a five-year downward trend in metered sales and expect approximately $600,000 lower meter-sales revenue for 2026. The city reported an environmental-agreement…
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