Financial Information
Thurston PUD has two primary funds: Water and General.
Water Fund
The Water Fund revenue
sources are rate revenue and interest income. Rate revenue is primarily
comprised of the base rate and consumption charges for residential,
commercial and irrigation use. Thurston PUD serves approximately 10,100
families, businesses, schools, and parks in six (6) counties: Thurston,
Pierce, Grays Harbor, Lewis, Kitsap, and King.
Thurston PUD uses water fund revenues to operate
and maintain 276 water systems, administrative and field operations
buildings and staff related expenses.
Below is a table reflecting the revenue and expenses for the current period.
Revenue and Expense Report
October 2024 YTD
Below is a pie chart depicting the Water Fund Expenses for the current period.
General Fund
The primary revenue source for the General Fund is property taxes
assessed for properties located in Thurston County. The 2024 property
tax rate for Thurston PUD is $0.00560612 per $1,000 assessed value,
resulting in an estimated tax collection estimate of $336,812 in 2024.
At this tax rate, the owner of a $500,000 property will
pay $2.80 in property taxes to Thurston PUD in 2024. Also, the General
Fund yield interest on the cash balance reserves.
The primary use of the property taxes
Thurston PUD receives is to fund Board of Commissioners election costs,
salaries, and expenses. Additionally, the
General Fund pays a minimal allocation for operations and staff related
expenses.
Below is a table reflecting the revenue and expenses for the current period.
Revenue and Expense Report
October 2024 YTD
Budgets
Audit Reports - WA State Auditor's Office