Maria D. Cabrera

The meeting included a presentation from Black & Veatch regarding the Preliminary Water/Sewer Fund Financial Plan for fiscal years 2027 through 2032, covering enterprise fund goals, revenue requirements, operational reserves, and capital improvement program projections. Scenarios for revenue adjustments were discussed to maintain reserve requirements and debt service coverage. Additionally, the Board addressed public comments regarding the transparency of meeting participation and discussed pending legislation regarding the potential dissolution of the advisory board.

The committee agenda includes a discussion regarding the capital budget, followed by old business consisting of a discussion on the Facilities Assessment RFP. The committee will also hold an executive session to address contract negotiations. New business items involve an update on the First Tee practice facility, followed by an opportunity for public comment.

The document provides logistical details for a virtual meeting of the Pension Commission, including the date, time, and connection information for access via Microsoft Teams and dial-in phone numbers. No specific discussion topics or agenda items beyond the designation of the meeting itself are present.

This document presents a preliminary financial plan for the Water and Sewer Enterprise Fund of Wilmington Utilities, spanning Fiscal Years 2027 to 2032. The plan aims to achieve long-term financial resilience and reliable services by establishing best practices. Key areas include strategies for financial recovery, stability, and sustainability, detailed projections for revenues, operations and maintenance costs, and a significant six-year Capital Improvement Program totaling $412.2 million. It also addresses various financial scenarios and customer affordability initiatives.

The key topics scheduled for discussion during the meeting include the Call to Order, the Approval of Minutes from the Previous Pension Board Meeting, a presentation from Marquette, and updates regarding the Cheiron OPEB Plan, concluding with Adjournment. The meeting is designated as a public meeting and will be held at an anchor location in the City County Building or via Zoom.