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Sarpy County wastewater agency previews FY2627 budget, flags rising debt service and reserve needs
Summary
Agency treasurer Mark Setout presented a draft FY2627 budget showing higher operating revenues, lower loan needs and a projected debt-service peak of about $5.73 million in 2035–36; the board will take a formal vote on April 22 after member review.
Mark Setout, treasurer for the Sarpy County and Cities Wastewater Agency, presented the agency's draft fiscal 2627 budget on March 25, telling board members loan-funded project spending is expected to decline while operating revenues rise.
Setout said the agency's budget shows loan amounts down about 49% year-over-year and budgeted revenue up roughly 99% compared with the prior year, explaining the apparent revenue drop when loans are excluded: "To keep things consistent, we included the loans here again. So basically, we are seeing a $9 million reduction in the loan amounts and a $3 million increase in actual revenues from operations." He also noted the agency…
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