PCPSA reviews FY26 finances, reserves and delinquent accounts

Authority staff reviewed the FY26 budget, account balances and delinquent accounts at the April 28 meeting. The County Treasurer reports the PCPSA Water Fund ending balance at $284,438.37 (revenues $228,106.68; expenditures $117,668.33; net +$45,331.69) and the Sewer Fund ending balance at $44,149.04 (revenues $32,624.82; expenditures $37,382.10; net +$11,524.22) for transactions through March 31, 2026.

Staff said FY26 expenditures are budgeted at $193,826 and that new reserve line items were added to meet Virginia Department of Health recommendations (an emergency reserve transfer of $2,000 annually toward a $10,000 target and a $12,224 transfer to operating cash reserves). The packet projects cost increases of about $68,170 through FY26 while revenues at current rates are expected to rise by about $47,737, leaving an unfunded increase of approximately $20,433; staff flagged impacts of the Town's forthcoming wholesale rate adjustments on PCPSA purchases for FY27.

On collections, staff described repeated demand letters and use of the county attorney to file 'warrant in debt' claims against moved accounts; some accounts paid prior to court, a few judgments were obtained, and six non-user availability-fee liens remain outstanding totaling $14,904.69. The board requested continued reporting and recommended pursuing legal remedies where appropriate to recover outstanding balances.