Winston-Salem/Forsyth County Utilities

Winston-Salem/Forsyth County Utilities

Utility Revenue and Expense Impacts of Covid-19

About WSFC Utilities

? Provide water, sewer and solid waste disposal services ? 132,000 water accounts; 102,000 sewer accounts ? Service area includes Forsyth County and its

municipalities ? Treat an average of 36 million gallons of water per day ? FY20 water/sewer revenue - $115M

Suspension of Disconnects/Governor's Executive Orders

? March 13, 2020 ? WS/FC Utilities suspended disconnects and late fees

? March 31, 2020 - Governor Cooper subsequently issued EO 124 to cover all utilities in NC

? May 30, 2020 ? Governor Cooper extended EO 124 via EO 142 until July 29, 2020

? July 30, 2020 ? EOs 124 and 142 expired allowing utilities to begin charging late fees and begin disconnecting for non-payment

Impact of Suspension of Disconnects /Governor's Executive Orders

FY20 revenue impact

? Budgeted $120M, ended year at $115M

FY21 revenue impact

? No rate increases ? Did not budget any late payment revenues for FY21 (-$2.3M) ? Reduced anticipated revenue from consumption/collection (-$4M)

Impact of Suspension of Disconnects /Governor's Executive Orders

FY21 expenditure impact

? Delayed/reduced FY21 operating budget requests ? Delayed or reduced scope of pending capital projects ? Increased scrutiny on operational spending

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