SUBJECT:
Title
Marion County Utility Fund - Utilities Management - $400,000
Body
INITIATOR:
DEPARTMENT:
Tony Cunningham, P.E., Director
Utilities
DESCRIPTION/BACKGROUND:
Because of the severe storms in 2024, Duke Energy requested to increase rates by 18% to 20%. This was after they had been approved to reduce rates for calendar year 2025 by 6%. Marion County Utilities set the FY 2024-25 budget based upon the reduced rates, which is creating a shortfall in funds for this fiscal year. This request is to move funds from Reserves to cover this shortfall. This is a one-time request.
BUDGET/IMPACT:
Neutral
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end