Caleb M. Taylor

The agenda for the meeting includes a review of financial statements, an operations report, a meter report, and discussions on both previous and current business, as well as new business. The session will also include a public comment period, comments from the Board, and time for other business.

The budget includes a water rate increase, no increase in sales, a compensation increase for employees, and capital improvement expenditures. The budget incorporates annual operations and maintenance as well as capital improvement needs identified by engineering studies and NRVRWA staff.

The FY2024-2025 Recommended Budget includes a water rate increase from $4.13 to $4.21 per 1,000 gallons, a projected 0.5% increase in sales, and a 5.0% compensation increase for Authority employees. The budget also addresses VRS rate increases and health insurance premium increases. Capital Improvement expenditures are projected to be approximately $500,000, covering the remaining portion of the WTP Modernization Project and small capital projects.

The FY2022-2023 budget includes a water rate increase from $3.96 to $4.05 per 1,000 gallons, a projected 0.5% increase in sales, and a 7.5% compensation increase for Authority employees. The budget also accounts for an 11% increase in health insurance premiums and capital improvement expenditures. It outlines revenue projections based on water rates and sales, and expense projections for salaries, electrical service, chemicals, testing, VRS retirement, and insurance.

The budget includes a water rate increase from $4.05 to $4.13 per 1,000 gallons, a market adjustment of 5.0% to the Authority's pay scale, and a compensation increase of 9.5% for Authority employees. It also incorporates capital improvement expenditures projected to be approximately $8.5 million, to be paid from the reserve account. The budget assumes a 0.5% increase in sales in the coming year.