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Council hears utilities fiscal report; staff cites one-time $629,000 charge and forecasts improved 2026 position
Summary
Town finance staff presented the 2025 utilities report and a 2026 pro forma, noting a $629,000 one-time payment that shifted water operating results; staff said removing that payment improves 2026 coverage ratios and increases bonding capacity, and explained a salary-allocation adjustment affecting the utilities wage fund.
Town finance staff presented the 2025 utilities breakdown and an estimated 2026 pro forma, explaining a one-time $629,000 payment to Boeing Engineering for a 10th Street water-main project that had been booked as an operating cost in prior years and skews comparative results.
Caitlin, who introduced herself from finance, explained how the $190,487 wage adjustment on the…
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