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

July 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

July 2024 YTD

 

 

Budgets

Audit Reports - WA State Auditor's Office