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Utility board adopts $80.6 million FY26 municipal utility fund budget
Summary
The Weatherford Municipal Utility Board adopted the FY26 municipal utility fund budget, which projects $80.6 million in revenues and $76.3 million in expenses and includes $5.5 million in capital/reserve contributions. Staff will provide follow-up on wastewater debt-service questions requested by board members.
The Weatherford Municipal Utility Board voted to adopt resolution R2025-18 approving the municipal utility fund budget for fiscal year 2026. Finance staff presented a fund-wide plan showing $80,600,000 in projected revenues and $76,300,000 in projected expenses, producing a net operating result of $4,300,000 and scheduled contributions of $5,500,000 to capital and reserves.
"Fund wide, the FY 26 budget includes 80,600,000 in revenues, 76,300,000 in expenses, resulting in a net operating result of 4,300,000," Finance Manager Ashley Escovel told the board during the presentation. Escovel also noted working capital projected at $19,300,000 (about 150 working days) and a 90-day reserve of $11,500,000, leaving an available balance of $7,700,000.
Board members asked targeted questions about wastewater shortfalls and the debt-service impact of planned capital borrowing. Escovel said staff would research the specific debt-service changes tied to a planned November debt issuance and distribute the details to the full board. "I don't mind. If you don't mind, I can research and get back to you on that," Escovel said when asked about the debt-service portion.
Ken Davis moved to adopt the resolution; Patty Wilder seconded the motion. After discussion, the board approved the budget by electronic vote. The approved budget will guide the utility's operating and capital decisions for the year beginning Oct. 1, 2025.
