The Springfield Utility Board plans to hold its Mid-year Budget Committee Update Meeting as a virtual special session on Wednesday, August 12, 2020, at 5:00 p.m., immediately prior to its 6:00 p.m. regular board meeting. The purpose of this meeting is to give SUB’s Budget Committee a mid-year budget review including mid-year financials, categories of capital projects, preliminary 10-year cash flow projections, rate increase projections for 2021-2030; working capital reserves, and information showing how SUB is doing year-to-date with its budget and a prognosis for the 2021 budget year.

 

Due to COVID-19 precautions and to ensure safe public meetings, the public is encouraged to join the special session via phone or internet, by following instructions that will be available on SUB’s website prior to the meeting.

 

The public will be prompted for comment during the Budget Committee meeting. The public may also submit public comment in advance, to be entered into the record, via email to subboard@subutil.com by Noon on Wednesday, August 12.