| Cape Fear Public Utility Authority Strategic Plan |
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| Friday, 12 February 2010 12:09 |
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The Cape Fear Public Utility Authority held its regular monthly meeting on Wednesday, February 10, 2010. The Board received the following reports from staff: -Update on the 1995 and 1998 Annexation Area service extension The Authority approved its Strategic Plan, a copy of which is available below. The Board also authorized a contract amendment for professional services on the Northern School site pump station project. MOST CRITICALLY, by a 9-1 vote, the Authority voted to continue cash-flow funding of capital projects and directed staff to prepare the Fiscal Year 2011 budget with sufficient estimated operating revenues to produce a 1.2 debt coverage ratio, in anticipation of bond issuance in FY 2012. |







