The Board of Directors for Florida public power utility Kissimmee Utility Authority approved a $293 million operating and capital budget for fiscal year 2025.
The vote came after several Board discussions and a public hearing on the budget.
The approved budget is a 2.4 percent decrease from the 2024 budget.
The decrease is related primarily to a decrease in debt service. This budget also marks the utility’s 20th consecutive year without a base rate increase. The utility’s last base rate increase was July 2005.
The budget authorizes 289 full-time equivalent positions, an increase of 1 position, and reflects a five percent market level adjustment for employees.
Other highlights of the FY 2025 budget include:
- $153 million for fuel and purchased power
- $33 million for capital expenditures
- $33 million for transfers to the City of Kissimmee, City of St. Cloud, and Osceola County
- Total employee base of 289 with an associated payroll of $49 million
- Expected customer growth of 2.0 percent over FY24 projection
- Forecasted energy sales increase of 1.1 percent over FY24 projection
The new budget takes effect on October 1, 2024.
