MESSAGE FROM THE EXECUTIVE DIRECTOR
Introduction
I am excited to present the annual operating budget for the fiscal year ending June 30, 2025 (the “FYE 2025 Budget”). This budget serves as both a financial plan and a strategic tool to help us achieve NCWSA’s key initiatives, including water quality, financial viability, water resource sustainability, reliability, and workforce development. Your active participation and support are crucial in this journey.
The FYE 2025 Budget is a testament to our unwavering commitment to the ratepayers we serve. It was meticulously developed with the understanding that our customers deserve the highest-quality water and wastewater services, delivered professionally, courteously, and efficiently. We are steadfast in our dedication to continually improving and enhancing our services for all our customers, and this budget sets us on the right path to achieving these goals.
Background
Every year, we face significant challenges. The upcoming year will be no different, with higher-than-average inflation and mortgage rates replacing the recent global pandemic. While inflation has eased slightly in the first half of 2024, mortgage rates remain higher, placing a drag on single-family housing starts. Political and social unrest also contribute to an unstable economy. Despite these challenges, great opportunities will reveal themselves if we persevere and stay the course. Regardless of ongoing events, our community is always at the forefront of our efforts, as the Authority carefully and diligently considers its budget development with an eye towards consistent above-average service and opportunities to assist in growing our local economy.
Strategic Plan priorities:
In the near term, the FYE 2025 Budget will focus on four (4) key Strategic Plan priorities:
Investment in Infrastructure
Enhanced and Effective Maintenance
Innovative Customer Service
Workforce Protection and Development
It is also essential to maintain financial stability by establishing a budget based on prudent projections of water demand, wastewater treatment, housing, and economic growth, with sound financial policy to maintain debt service coverage.
NCWSA – Budget & Financial Plan FYE 2025 – Final
NCWSA – Budget & Financial Plan FYE 2024 – Final
NCWSA – Budget & Financial Plan FYE 2023 – Final
NCWSA – 2021 Budget Doc – Final
Our mission is to provide the Authority’s customers with reliable, safe drinking water and to provide sewer services in an environmentally responsible and fiscally sound manner while focusing on cost efficiency and value-oriented service. Providing the best possible services will always be the number one priority for the Newton County Water & Sewerage Authority.
NCWSA Financial Staff