This meeting served as a joint session of the City Council and the Board of Lights and Water (BLW) to review financial reports, discuss utility operations, receive the Annual Comprehensive Financial Report (ACFR), and handle various public hearings and appointments. Key topics included the BLW's stable financial position, a significant nuclear tax credit refund received by MIAG, several annexation and rezoning requests involving density negotiations with Cobb County, and the appointment of a new prosecuting attorney and deputy.
BLW Operations and Financials
Nuclear Tax Credit Refund
Annexation and Rezoning
Appointments
I'd like to call the city council agenda work session order, please. First item of business is agenda work session minutes from DC of the 8th, 2025. Is there motion to approve? All second. Nothing looks like discussion. All those in favor, please vote you run in. All opposed like same. Do we extend we have two of the abstain? I voted. Six four morning stain. Wait, wait, that's too many. Six zero. Six six six six six four. Zero against one abstract. They say there's not eleven of us. I'm sorry. Mayor said it was correct. I was like with six four. That's ten and bodies. I'm sorry, Mayor. Mr. Kitt. Your initial voice in the BOW report. Yes, sir. Thank you, sir. I guess we start with the uh audit. We had the audit meeting uh prior to the board meeting. And the uh the annual comprehensive financial report was uh uh was given and approved by the committee. And uh also we um uh came back after lunch and and uh and we open up with um the BOW operating department's Ron Morrow called a meeting. Um and Pettina gave the financial report. And just trying to summarize, you can correct me if I if I make some mistakes, Bettina, but the Board of Lights and Water continues to maintain a strong and stable financial position. Revenues and expendit expenditures are generally tracking in accordance with the adopted budget, and the organization remains well positioned to meet its operation and financial obligations. Electric and water utility revenues are consistent with budget expectations. Normal seasonal variance and customer usage were noted, but no unusual or adverse trends were identified. Customer billing and collections remained steady supporting reliable cash flow. Did note that the uh water usage was down, uh which uh caused uh I guess a uh reduction in revenues received from the from the water. Umperating expenditures are being managed with approved budget uh parameters, personnel operation and administrative costs were reviewed, and no material budget overruns were identified. Continued attention is being given to cost controls, particularly in the areas affected by inflationary pressures. I know uh Bettina mentioned that we did because of the raise, there was an increase in amount of uh revenue on uh the cost of water for the month of December. Um Ron and his report there in the back of the uh the book there is uh two items that you call to our attention to uh what section was it in special reports. Um while you're looking that up, I do have a question related to the financials. Is it okay if I ask? Okay. Um I know that it was reported earlier that the uh share coal plant was on for a long period of time, namely because of the outage for the Wandsley combined cycle. Has the combined it said that the outage for the combined cycle should be should have ended in December. Has it ended or is it still ongoing at this time? The umsley uh nine is back online. Um in Shear, like I said, was just overage, so we were only using that in the instance that um we did when the um plant was out. So those were brought on, but they are um Shear, I believe, may be committed um coming up later this uh week due to um some of the cold weather that we're expecting. So um we're on the lookout for that as well.