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Posted on: May 11, 2022

CFPUA Board adopts $99.2 million FY23 budget

Adding machine

The CFPUA Board on Wednesday voted to adopt a $99.2 million operating budget for Fiscal Year 2023.

Under the FY23 budget, the average residential customer’s monthly bill for combined water and sewer services will increase by $5.39 for services delivered beginning July 1, 2022. This is the first increase in such charges since FY2019.

Costs associated with measures to address Chemours’ PFAS account for more than 70 percent of the increase in the FY23 budget. PFAS-related costs total almost $8 million in FY23 and include funds to operate new granular activated carbon filters scheduled to come online this year. These new filters will effectively treat for Chemours’ PFAS, reducing GenX to at or near non-detection. CFPUA has filed a lawsuit on behalf of its customers to compel Chemours to take responsibility for costs to address its PFAS contamination in the Cape Fear River.

Other contributors to the amount of the FY23 budget include cost increases from inflation, salary adjustments and related expenditures intended to enhance employee retention and recruitment, and initiatives related to CFPUA’s new Strategic Plan.

The tables below summarize major expenditure and revenue categories in the FY22 budget, with comparisons to the previous year.

FY2023 operating budget summary

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