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FPUA posts FY25 surplus after PFAS settlement; board approves audit and adopts final budget amendment UA 2026-08
Summary
FPUA reported higher FY25 revenues—driven in part by an $8.8 million PFAS settlement recognition—and lower expenses, producing a $42.4 million increase in net position. The board approved the audit and adopted Resolution UA 2026-08 to align actuals with the budget; the measures will go to the City Commission for final action April 6.
Chief Financial Officer Michelle Harris presented Fort Pierce Utilities Authority's FY25 financial results and a proposed final budget amendment to the board on March 17, reporting higher-than-expected revenues and lower operating expenses that together improved FPUA's net position.
Harris said total revenues rose by about $2.2 million year over year, with investment and other income including recognition of roughly $8.8 million from PFAS-related settlements contributing to the variance. "Investment and…
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