Don Werner

The proposed annual budget for FY 2026 was discussed, including operating revenues from water sales, wholesale water, connection fees, tower rentals, penalties, and miscellaneous revenue. Operating expenses included system operations (salaries, payroll taxes, retirement, insurance, vehicle and equipment, utilities, and water purchase) and administration (salaries, payroll taxes, retirement, insurance, postage, and professional fees). Non-operating revenue and expenses covered interest income, bond and note payments, joint venture agreements, system improvements, Sokol WTP repairs, buildings and improvements, future CIP capital contributions, and machinery and equipment. Funding sources included prior year net assets, reimbursement from TXDOT, a SIB Loan, and CIP Self Fund Accounts.