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River Falls staff report 2025 utility financials; electric fund near policy minimum
Summary
Staff told the advisory board that 2025 financial statements are complete and under audit, that unrestricted enterprise fund balances meet city policy, and that the electric fund is roughly 95 days of cash on hand (policy minimum 90 days). Dashboards show strong rebate activity and participation in a voluntary 'Green Blocks' program.
City utility staff presented the 2025 financials and enterprise fund balance summaries to the River Falls Municipal Utility Advisory Board on April 20, saying the figures meet city policy and are undergoing audit.
Kevin, a utilities staff member, said the 2025 financial statements are complete and in audit and highlighted unrestricted fund balances across the enterprise funds. "The electric fund being the one that is probably the tightest... it was just slightly above or right at about 95 days. So the requirement is 90 days," Kevin said, noting the water and wastewater funds have larger liquidity (around 120+ days).
Staff also described new capital expense tracking intended to show multi‑year project spend (citing the dryer project as an example) and said the debt‑repayment graphs in the packet show remaining payments and help the board see where debt will come off as projects complete.
The board reviewed utility dashboards showing early‑year rebate processing—staff noted government and school rebates reflected in the dashboards—and staff said the utilities had issued roughly $1,475 in program rebates so far this year for landscape equipment, home energy assessments and electric vehicle charging program incentives. Participation in the voluntary 'Green Blocks' program was reported at 16.4% of customers who opt into a $2 monthly contribution.
Board members asked why wastewater revenue appeared to be increasing faster than water revenue; staff said seasonal factors such as irrigation meters that do not trigger wastewater charges, unmetered flushing events, or undetected leaks can cause disparities in water and wastewater revenue growth in some months.
Staff encouraged residents to contact the utility with questions and reminded the board the finance graphs and dashboards are intended to make capital spending, liquidity and debt clearer in future packets.
