WILMINGTON, NC (WWAY) — While many coastal businesses say a rainy summer did not dampen their bottom line, the Cape Fear Public Utility Authority saw revenues recede with the rising water.
“We’ve had such a rainy summertime that our revenues are down,” CFPUA spokesman Mike McGill said. “People just are not using water as much. They’re not using it outdoors.”
June, July and August make up 30 percent of CFPUA’s revenue for the year, and with water usage down across the county during those summer months, CFPUA says it now has to look into scaling back.
“We are two months into the fiscal year. We’ve seen this revenue drop, and we are going right after what we can do responsibly within our budget internally,” McGill said.
Each department was asked to make a four-percent cut for the management team to consider cutting in case these losses continue.
“A four-percent cut is roughly about $3 or 4 million when you look at the financial numbers,” McGill said.
Numbers from last year show the authority lost five percent of revenue down the drain as well. Even with the added loss this year McGill says customers do not have to worry about a rate increase… yet.
“Raising rates is a consideration that we want to make at the very end of this discussion,” he said.
So for now CFPUA will work on crunching numbers to hold off on increasing your monthly bill.
McGill says cutting jobs at the authority is also a last resort to make up for the shortcomings.