PUBLIC UTILITIES ADVISORY BOARD AGENDA ITEM
ACTION REQUESTED:
title
Receive the Water Utility Financial Activity Summary
body
DEPARTMENT: Finance Department
SUBMITTED BY: Ray Munch, Director of Finance
BOARD/COMMISSION REVIEW:
N/A
BACKGROUND:
The 2026 Fiscal Year began on January 1, 2026. As part of the City's ongoing efforts to maintain fiscal responsibility, monthly budget reports are produced. This report tracks year-to-date revenues and expenditures for all Funds, including the Water Utilities and Phosphorus Funds. This report analyzes year-to-date activity within the Water Utilities and Phosphorus Funds through February of 2026.
DISCUSSION:
Revenues
Revenues through February were $15.2M against a projection of $14.6M, resulting in a variance of $0.6M, or 104.1% of projected. The revenue variance is in part a reflection of fluctuations in consumption, influenced by various real world factors, versus what's projected within the rate study. Notably, two categories came in slightly below projection: Commercial Charges came in at $2.8M against a projection of $2.9M (97.1%), while Residential Charges came in at $5.2M compared to a projection of $5.5M (95.5%).
Wastewater Charges through February came in at $6.7M against a projection of $5.7M (117.7%). This favorable variance is primarily attributable to an amendment to the IGA between Naperville and Warrenville, which was updated to reflect significant upcoming investments at the SWRC and resulted in a new payment of $1.3M. Connection Charges appeared strong compared to projections, coming in at $223K against $175K, but are down 35.7% compared to the prior year.
Other revenues are in line with projections and/or prior years.
Expenses
Expenses through February were $10.8M against a projection of $9.5M, resulting in a variance of $1.3M or 113.1% of budget. Expenditures for the Utility are primarily over budget due to spending on major capital improvements, with spending elsewhere being in line with project...
Click here for full text