Financial Strength That Protects Service.
Each year, the Utility makes its debt payments while maintaining a strong financial position, as recognized by its Standard & Poor’s credit rating. The Utility also maintains cash reserves equal to about one year of operating costs. This practice helps protect customers by ensuring the Utility can continue operating and responding to emergencies such as severe storms, tornadoes, or other unexpected events without service disruptions. #HPUDBillAtWork #CommittedToExcellence ...

Structured Borrowing for Long-Term Stability.
To keep costs as low as possible for customers, the Utility works with financial experts to borrow money at the lowest available interest rates. Funding has come from a mix of bonds and state and federal programs. While grants are used whenever available, they are much more limited today than they were decades ago. Because utilities do not receive tax dollars to operate, customer rates are the primary source of funding for these required improvements. #HPUDBillAtWork #CommittedToExcellence ...

Funding the Fixes That Protect Our Community’s Future.
To provide safe, reliable water and sewer service, the Utility has invested in major improvements over the years. These projects include meeting State Consent Order requirements, relocating water and sewer lines for county and state road projects, reducing water loss, improving water quality, and replacing aging pipes that were no longer dependable. #HPUDBillAtWork #CommittedToExcellence ...

Allocated Reserves. Critical Investment. Regulatory Compliance.
The District’s rate model anticipates a planned use of reserves over the next several years, which will result in lower reserve balances as funds are applied to critical projects. Over the years, the District has borrowed millions of dollars to comply with state orders and state and federal regulations. Because both the water and sewer systems were found to be in violation of regulatory standards, the District was required to invest in aging and failing infrastructure. #CommittedToExcellence #HPUDBillAtWork ...