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Posted on: January 31, 2023

Proposed FY 23-24 Retail Budget Summary

The “Retail” budgets include the proposed Retail Administration & Operations Budget, as well as the Colchester Town and Malletts Bay Water Company Water Systems Budget, the Colchester Fire District (CFD) #1 Water System Budget, and the CFD #3 Water System Budget. The proposed budgets include the Operating Budgets and Capital Reserve Fund Plans:

• Operating Budgets – allocate resources to finance day-to-day operations, reflecting the priorities of the water systems to achieve our mission of sustainably delivering safe, reliable, high quality

drinking water.

• Capital Reserve Fund Plans – identify projected capital needs (i.e., asset rehabilitation and repairs, equipment replacement, etc.) and funding sources over the next five fiscal years.

Read the full Retail Budget Summary

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