Home All City Departments Definitions

Austin Water Approved Amount: $ 0 Approved FTE: 0.00 Department Director: Greg Meszaros - Director Department Website: http://www.austintexas.gov/department/water Department Phone: 512-494-9400 Performance Measure Information Name: Percentage of actual cash contribution compared to actual CIP spending Description: This percentage represents the amount of CIP spending that is funded with current revenues (equity) rather than debt financing. This is an important measure to Bond Rating Agencies as it is an indicator of the Utility's financial ability to fund capital projects with cash rather than relying totally on debt financing. Too low of a percentage might indicate to the Bond Rating Agencies that the Utility's service rates are too low and/or that the City's elected officials are no longer supportive of rate increases which might cause the Rating Agencies to downgrade the Utility's bond ratings. Type: Efficiency Current Data - Annually 2021 Target 2021 Actuals 45 35 History Data FY 2016 Actual FY 2017 Actual FY 2018 Actual FY 2019 Actual FY 2020 Actual FY 2020 Target FY 2021 Target 37.9 33.5 48 49 32 45 45