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Finance director: utility funds stable but rate study underway to plan for future infrastructure costs
Summary
Finance director reported first-quarter FY26 results showing water and sewer funds are stable or recovering after earlier deficits; the city has engaged FCS to conduct a 25-year utility rate study that will inform future rates and infrastructure planning.
Quincy’s finance director presented the first-quarter FY26 utility report, saying the water fund is stable, the sewer fund is recovering from a prior operating loss, and garbage/recycling margins are slightly positive but subject to fuel surcharge pressures.
Finance director Lenika summarized the quarter’s figures: "Our activity in that fund is 57% revenue and 43% expense" for the water fund, and compared to Q1 2025 water revenues were up roughly 37% while expenses increased about 35%. For the domestic sewer fund she reported revenues were up about 19% and expenses down about 14% compared with the same quarter last year. Lenika stressed these comparisons are for first-quarter figures and said the city will continue to monitor trends.
Lenika also told council the city has retained FCS to conduct a rate study for water and sewer services. "Once they present that to council, that will show us going ahead 25 years what our rates are going to have to be in order to pay for those infrastructure improvements and maintain operating budget," she said.
The presentation was informational; council had no questions, and no action was required. The finance director said the annual report for FY25 will be filed by the May 30 due date.
