RES 26-1509: Approving the Financial Statements for the month of July 2026.

Description

Approving the Financial Statements for the month of July 2026.

Summary

This report is not legislation; it is SPRWS’s fiscal-year 2026 financial report to the Board of Water Commissioners for the period ending July 31, 2026. It documents water-system revenue, spending, debt, and service activity affecting St. Paul and neighboring wholesale communities. St. Paul accounts for 74% of retail consumption, while Roseville and Little Canada account for most wholesale consumption. Year-to-date revenue is approximately $85.1 million, or 55% of the $154.2 million budget. Expenses total about $68.9 million, or 58% of a $157.3 million budget. Major commitments include $47.7 million for private lead-service-line replacement, $28.7 million in capital outlay, and $7.1 million for water chemicals. The report supports public oversight of utility finances, infrastructure investment, debt, and customer-funded services.