Join us for a review of Austin Water's financial policies FY 2022 update at the upcoming Public Input Stakeholder Webinar on:
- February 9, 2021 at 4 pm
- Financial Policy Updates, Documents and Resource Material
- Join Zoom Video Conferencing Spanish interpretation will be available
The stakeholder meeting will be held via Zoom video conferencing in accordance with City of Austin and local health authority guidelines during COVID-19.
About the Financial Policies FY22 Update
Austin Water has performed a review of its financial policies and recommends updates to Debt Service Coverage, Capital Projects Equity Contributions, Operating Cash Reserves, and Drinking Water Protection Zone beginning in Fiscal Year 2022.
The recommended updates to these financial policies aligns with internal goals that have been in place for several years. Austin Water has internal goals for Debt Service Coverage of 1.85x, Capital Projects Equity Contributions of 35-50 percent, and 245 Days of Operating Cash Reserves.
The proposed financial policy updates will be included in the annual budget process, with a presentation to the City of Austin’s Audit and Finance Committee in May 2021 and Austin City Council in August 2021.
Visit Austin Water Financial Policies FY22 Update page for complete details.
If you are unable to attend the stakeholder webinar and have a comment or question about the proposed financial policies, please contact us at AW-FinancePublicInput@austintexas.gov.
Zoom Web Conferencing