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Posted on: June 12, 2019

No rate increase in $85.6 million budget approved Wednesday by CFPUA board

Adding machine

The Cape Fear Public Utility Authority Board on Wednesday approved an operating budget for Fiscal Year 20 (FY20) totaling $85,554,722, a 4.6 percent increase from the previous fiscal year.

Customers’ rates are not affected by the FY20 budget, which covers operations from July 1, 2019, until June 30, 2020.

Below is a summary of expected expenditures and revenues for FY20:

FY20 budget summary

The FY20 budget supports CFPUA’s ongoing commitment to provide quality water and sewer services to the community in an environmentally responsible manner while maintaining the lowest practicable cost to customers.

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