HomeMy WebLinkAbout12/10/2025 - Meeting Minutes Minutes
DEPARTMENT of PUBLIC UTILITIES
ADMINISTRATION
Salt Lake City
Public Utilities Advisory Committee
Meeting Minutes
December 10, 2025
The Public Utilities Advisory Committee (PUAC) meeting was held at 12:00 pm on Wednesday,
December 10, 2025. Committee members that were present, Kathrine Floor (Chair), Chris Shope
(Vice-Chair), Tom Godfrey, Sean McKelvie, Ted Boyer, and Roger Player. Salt Lake City Public
Utilities employees present were Laura Briefer, Jason Brown, Tammy Wambeam, Jason Draper,
Lisa Tarufelli, Jacob Jorgensen, Mark Christensen, Stephanie Duer, Mike Guymon, Tamara Prue,
Chloe Morroni, Jeff Grimsdell, Rusty Vetter, Kristeen Beitel, Nikole Bench, Bella Leopardo,
Patrick Nelson, Bernard Mo, David Pearson, Dustin White, Crystal Chen, Jeff Grimsdell, Audree
Ketchum, Holly Lopez, Tricia Cannon, Karl Fenich and Karryn Greenleaf. Others present were
Megan Yuill, Salt Lake City Mayor’s Office; Austin Kimmel, Salt Lake City Council Office;
Annalee Munsey, Metropolitan Water District of Salt Lake and Sandy; Cindy Cromer,
Metropolitan Water District of Salt Lake and Sandy Board; Emma McGowan, Jacobs Engineering;
Scott Martin, Spencer Fane LLP; Paul Skeen, Eide Bailly Accounting Firm and Ed Kosmicki,
photographer.
Welcome and Introductions
Laura Briefer welcomed all attendees to the Annual Holiday Luncheon and December PUAC
meeting.
Katherine Floor chaired the meeting and welcomed everyone to the committee meeting and
Luncheon.
Approve Minutes of October 23, 2025, Meeting
A motion was made by Tom Godfrey and seconded by Ted Boyer to approve minutes of the
October 23, 2025, PUAC meeting. All members voted to approve.
Annual Review and Monthly Financial Report
Lisa Tarufelli, Finance Administrator
Lisa Tarufelli presented the annual review for fiscal year 2025 and the financial report for
September and October of 2025. A copy of the presentation is attached.
Annual Review
For fiscal year 2025, the Statement of Net Position shows total assets and deferred outflows were
$2.22 billion from $1.79 billion in 2024. Total liabilities and deferred inflows were $1.01 billion
December 10, 2025
PUAC MEETING MINUTES
SALT LAKE CITY DEPARTMENT of PUBLIC UTILITIES
1530 SOUTH WEST TEMPLE STREET
WWW.SLCGOV.COM
SALT LAKE CITY, UTAH 84115 2 of 4 TEL: 801-483-6770
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from $709.1 million. Total net position was $1.21 billion from $1.08 Billion. Total liabilities,
deferred inflows and net position is $2.22 billion from $1.79 billion.
The Statement of Revenues, Expenses, and Changes in Net Position shows operating income was
$112 million from $85.15 million in 2024. Net non-operating expenses were $14.77 million from
$4.98 million. Transfers in were $0 from $.2 million. Contributions and grants were $37.71 million
from $8.98 million. Change in net position was $134.95 million from $89.35 million.
The Statement of Cash Flows shows net cash provided by operating activities was $157.14 million
from $97.78 million. Net cash provided by non-capital and related financing activities was $0 from
$.2 million. Net cash used in capital and related financing activities was $35.58 million from
$306.53 million. Net Cash provided by investing activities was $11.67 million from $17.26
million. Change in cash and cash equivalents was $133.22 million from a loss of $191.28 million.
Revenue comparison for 2025 shows water sales made up 46 percent of total revenue. Sewer
charges were 29 percent. Contributions and grants were 12 percent. Stormwater fees were 5
percent. Investment income was 4 percent. Streetlight fees were 2 percent. Other revenues were 2
percent.
September 2025
Water Fund: Operating revenues are 44.6 percent of budget. Operating expenses are 22.36 percent
of budget. Capital expenditures and encumbrances are 144.23 percent of budget. There are $92.13
million in 2025 bond proceeds remaining
Sewer Fund: Operating revenues are 31.46 percent of budget. Sewer use charges are 28 percent of
budget. Operating expenses are 19.42 percent of budget. Capital expenditures and encumbrances
are 288.09 percent of budget. There are $89.05 million in 2025 bond proceeds remaining.
Stormwater Fund: Operating revenues are 26.23 percent of budget. Storm drain fees are 22 percent
of budget. Operating expenses are 17.58 percent of budget. Capital expenditures and
encumbrances are 82.07 percent of budget.
Street Lighting Fund: Operating revenues are 25.28 percent of budget. Operating expenses are
25.42 percent of budget. Streetlighting fees are 22 percent of budget. Capital expenditures and
encumbrances 18.02 percent of budget.
Overall, operating revenues are 37.9 percent, operating expenses are 21.29 percent and capital
expenditures and encumbrances are 200.82 percent of budget. Delinquent billings are 1.07 percent.
There are $181.17 million in 2025 bond proceeds remaining.
October 2025
Water Fund: Operating revenues are 53.63 percent of budget. Metered water sales are 51 percent
of budget. Operating expenses are 28.35 percent of budget. Capital expenditures and
encumbrances are 145.23 percent of budget. There are $86.4 million in 2025 bond proceeds
remaining
December 10, 2025
PUAC MEETING MINUTES
SALT LAKE CITY DEPARTMENT of PUBLIC UTILITIES
1530 SOUTH WEST TEMPLE STREET
WWW.SLCGOV.COM
SALT LAKE CITY, UTAH 84115 3 of 4 TEL: 801-483-6770
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Sewer Fund: Operating revenues are 40.8 percent of budget. Sewer use charges are 38 percent of
budget. Operating expenses are 24.9 percent of budget. Capital expenditures and encumbrances
are 288.25 percent of budget. There are $85.77 million in 2025 bond proceeds remaining.
Stormwater Fund: Operating revenues are 34.84 percent of budget. Storm drain fees are 31 percent
of budget. Operating expenses are 22.28 percent of budget. Capital expenditures and
encumbrances are 79.62 percent of budget.
Street Lighting Fund: Operating revenues are 33.79 percent of budget. Operating expenses are
31.2 percent of budget. Capital expenditures and encumbrances 19.18 percent of budget.
Overall, operating revenues are 47.02 percent, operating expenses are 27.04 percent and capital
expenditures and encumbrances are 201.06 percent of budget. Delinquent billings are 1.42 percent.
There are $172.16 million in 2025 bond proceeds remaining.
Earlier in the week Public Utilities closed on two financial transactions. A private placement of a
$50 million bond anticipation note for acquisition and work on the new Public Utilities campus
and a refunding for 2017 outstanding revenue bonds. The refunding was a net savings of $XX for
the department. Financial pro forma due to the EPA next week. Currently negotiating a contract
with a provider for new billing software. Work continues on the FY2027 Budget.
Annual Audit Report
Paul Skeen, Eide Bailley
Paul Skeen of Eide Bailly presented the Financial Audit Report, and a copy was provided to
Committee members. Mr. Skeen gave a brief overview of the audit process and summarized the
results. No findings or deficiencies were identified by Mr. Skeen and his team. Laura Briefer
thanked Mr. Skeen and the Public Utilities Advisory Committee for their service throughout the
year.
Director’s Report
Laura Briefer
Laura Briefer thanked all attendees for their support in addressing the challenges of the past year.
She highlighted the department’s continued focus on water security, environmental impacts,
affordability, and maintaining high-quality service through the dedication of the workforce. Laura
commended the City team as a whole and expressed appreciation for the support Public Utilities
receives from the Mayor’s Office and City Council in advancing departmental goals.
Public Comment
There were no public comments during this meeting.
Other Business
December 10, 2025
PUAC MEETING MINUTES
SALT LAKE CITY DEPARTMENT of PUBLIC UTILITIES
1530 SOUTH WEST TEMPLE STREET
WWW.SLCGOV.COM
SALT LAKE CITY, UTAH 84115 4 of 4 TEL: 801-483-6770
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There was no other business discussed.
Meeting adjourned at 1:09 pm.
Next meeting will be January 22, 2026 at 7:30 am