The Cape Fear Public Utility Authority Board on Wednesday approved CFPUA’s operating budget for Fiscal Year 2021 (FY21).
The $89.98 million FY21 budget is a 5.2 percent increase over the previous year’s operating budget and provides the resources to keep up with system capacity and repair and replace aging infrastructure in the community’s water and sewer system while leaving water and sewer rates unchanged.
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More details about the FY21 budget may be found here.
Also on Wednesday, the Board approved:
- CFPUA’s FY21 Capital Improvements Plan (CIP), which totals $25.5 million. Two-thirds of the FY21 CIP is devoted to rehabilitating and replacing aging infrastructure, with the remainder going toward projects to expand capacity (23 percent) and system enhancements to improve efficiency and resilience (11 percent). Details on the FY21 CIP and CFPUA’s 10-year CIP may be found here.
- System development charges (SDC) for FY21. Effective July 1, the water SDC will be $1,920, and the sewer SDC will be $2,070. SDCs assess new customers their proportionate share of the cost of infrastructure improvements benefitting the new customer that were paid for by past or existing customers. In other words, the SDC is the fee new customers pay to “buy‐in” to the water and sewer system.