MOREHEAD, Ky. — The City of Morehead has officially approved a new budget for the Morehead Utility Plant Board for the 2026–2027 fiscal year, outlining more than $19 million in total revenue and spending.
The ordinance, identified as Ordinance 04:2026, received its first reading on March 9 and was finalized on April 13 by the Morehead City Council.
Where the Money Comes From
The utility board expects to bring in approximately $18.6 million in revenue, with the largest sources including:
Water sales: $7.5 million
Sewer services: $5.5 million
Gas sales: $3.3 million
Additional income comes from stormwater fees, late charges, interest income, and other service-related fees. The budget also includes a $600,000 cash carryover, bringing total available funds to $19.2 million.
How the Money Will Be Spent
Operating expenses are projected at just under $13.9 million, covering essential services such as:
Water and sewer system operations
Wastewater and water treatment plants
Gas system maintenance
Administrative costs
On top of that, the utility board has budgeted more than $3 million for required transfers and capital projects, along with:
$1.6 million for capital improvements
$100,000 set aside for contingencies
Debt and Infrastructure Investments
The budget also includes payments toward existing loans and infrastructure projects, including wastewater system upgrades, flood recovery efforts, and water treatment improvements.
Bottom Line
After all expenses and required transfers, the utility board projects a remaining balance of approximately $520,955.
Public Access
Residents who want to review the full ordinance can do so at Morehead City Hall during regular business hours.