The Henry County Public Service Authority (PSA) Board of Directors approved its fiscal year 2023-2024 budget during its regular meeting on May 22.
The budget is approximately $15 million and includes no changes to rates for the tenth year in a row.
Overall, the FY24 budget increased $3,051,429 from the current fiscal year and it includes approximately $5 million for capital improvements and debt service.
PSA employees will receive a five percent pay increase on July 1 and the organization will continue working with Henry County to implement the results of a pay and classification study conducted within the last year.
Included in the approximately $15 million budget is a recommendation to finance the annual debt service and operating costs to guarantee water rights for three million gallons per day (MGD) from Philpott Lake as part of a study conducted by the U.S. Army Corps of Engineers (USACE).
The projected cost to guarantee rights for 3MGD is $873,000 which can be financed with USACE. Annual operating costs associated with the project would amount to $85,000.
Other funds in the budget would address a number of capital items, including water system rehabilitation, a track loader for infrastructure maintenance, sewer inflow and infiltration, and a preliminary engineering report to consider extending water lines along Old Liberty Drive, Spruce Street and Mt. Olivet Road.
In other matters, the board:
- Approved a resolution authorizing the submission of funding applications for the Stoney Mountain Road and Horsepasture Price Road water line extensions.
- Received monthly updates on finances, engineering, safety, construction and maintenance, and treatment and regulatory compliance.
