Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Rates topic
No spam. Unsubscribe anytime.
PCPSA schedules special meeting after Town of Stuart submits wholesale rate analysis
Summary
The Town of Stuart provided a FY2024-based wholesale rate analysis proposing water at $6.28/1,000 gal and sewer at $8.52/1,000 gal; PCPSA staff found the analysis complete and the board scheduled a May 26 special meeting to review preliminary FY27 rates and set a public hearing.
The Town of Stuart sent a rate analysis to the Patrick County Public Service Authority that calculates a wholesale water rate of $6.28 per 1,000 gallons and a wholesale sewer rate of $8.52 per 1,000 gallons based on the town's FY2024 audited financial statements, the board was told.
Mark Vernon, PCPSA executive director, summarized the Town Manager Bryce Simmons' emailed analysis and said PCPSA staff reviewed the materials and "found them to be accurate and complete" for rate-calculation purposes under the parties' July 10, 2006 utility agreement. The town's model uses audited system-wide expenses divided by total production and applies a conservative 15% administrative allocation split evenly between water and sewer.
Board members discussed rate history and legal authority. Staff noted the PCPSA has been charged flat wholesale rates of $4.94/1,000 gal for water and $4.98/1,000 gal for wastewater since at least FY20 without a documented year-end reconciliation; the Town's submission begins the process of estimating FY27 rates with an eventual reconciling "tru-up" to actual audited production when the FY26 audit is complete.
Given projected cost increases and the Town's proposed estimated rates, the board by motion agreed to call a Special Called meeting for May 26, 2026, to consider preliminary FY27 rates and to adopt a resolution setting a date for a public hearing. The motion to schedule the meeting passed unanimously (moved by Kevin Smith; seconded by Scott Eutsler).
