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CWLP Financial Data

The City Water, Light & Power Finance Division manages the finances of the municipally owned water and electric utilities of the City of Springfield. Each utility system is a separate Enterprise Fund of the City and, as a result, the Water and Electric Funds are separate legal and accounting entities from each other and from other Funds of the City of Springfield. Separate financial records are maintained for each utility system. Each CWLP Fund stands alone in terms of its security pledge to bondholders and its credit ratings.


FY2023 Budget

On the Evening of February 7, City Water, Light and Power presented its Fiscal Year 2023 budget request to the City Council.
FY2023 Budget Proposal FY2023 Budget Presentation

FY2022 Budget

On the Evening of February 4, City Water, Light and Power presented its Fiscal Year 2022 budget request to the City Council.
FY2022 Budget Proposal FY2022 Budget Presentation

FY2021 Budget

On the evening of Thursday, January 23, City Water, Light & Power presented its Fiscal Year 2021 budget request to the City Council.
FY2021 Budget Proposal FY2021 Budget Presentation

Financial Summaries

Throughout the fiscal year, CWLP prepares financial summary reports and presents this information at City Council meetings. These reports contain Water Fund and Electric Fund information on revenues and expenses compared to budget expectations, cash position, debt coverage, labor expenses and CWLP's Payments in Lieu of Taxes (PILOT) to the Corporate Fund.

Audited Financial Statements

The preparation of annual financial audits is required by both State Law and the Master Revenue Bond Ordinances of the Water Fund and the Electric Fund. These audited financial reports are prepared by an independent accounting firm. The CWLP fiscal year is consistent with that of the other City Departments (March 1 - February 28/29).

Historical Financial and Operating Data

CWLP is required to provide annual Continuing Disclosure Reports for the Water Fund and the Electric Fund to the municipal financial market by filing certain information with EMMA, the Electronic Municipal Market Access system. These reports contain the most recent five years of selected financial and operating data for each Fund. They are prepared and filed after the financial audits are completed each fiscal year.

View the most recent available Continuing Disclosure Report for the Water Fund

Water FY2021

View the most recent available Continuing Disclosure Report for the Electric Fund

Electric FY2021

Independent Registered Municipal Advisor (IRMA) EXEMPTION NOTICE

The City of Springfield, Illinois (City Water, Light & Power) (“CWLP”) is aware of the “Municipal Advisor Rule” of the Securities and Exchange Commission and the “independent municipal advisor” exemption from the definition of “advice.” CWLP has retained an independent registered municipal advisor. CWLP is represented by and will rely on the firm of Stifel, Nicolaus & Company, Incorporated (“Stifel”) to, among other things, advise CWLP regarding proposals from financial services firms concerning the issuance of municipal securities and municipal financial products. This certificate may be relied upon until March 1, 2025 unless otherwise revoked or rescinded by CWLP in its sole discretion.

Proposals may be addressed to CWLP. If the proposal received will be seriously considered by CWLP, CWLP will share the document with Stifel.

The following individual at Stifel is our lead municipal advisor: Anne Noble. The personnel of Stifel who will advise CWLP on such recommendations have represented to CWLP that they have not been associated with any other investment banking firm within the two years prior to the date of this certificate.