Page 48 - 2025 Brighton VT Annual Report

TOTAL FUNDING

BEAD
2025 ANNUAL REPORT $66,658,142
This year, we have been implementing our 29% Not Secured
mission to ensure that unserved and $96,369,547 Secured
underserved community members in the 72 $140,382,831
59%
towns that make up our communications
union district have access to reliable, fast, BEAD State
and affordable fiber internet. Match Funding
$27,525,112
We did this through numerous efforts, 12%
including focusing on our internal processes, BUDGET SUMMARY
upgrading our financial and build software,
and expanding our locally-sourced 2025 Budget 2025 Forecast 2026 Budget
workforce. We also continued to fully INCOME
integrate NEK Broadband and CVFiber into a Operations Revenue $2,047,769 $1,890,583 $3,524,616
single merged entity. RDOF Revenue $1,247,036 $1,830,733 $477,590
Ops & Admin Grant Revenue $3,856,318 $8,708,463 $8,000,707
CONSTRUCTION AND SERVICE Capital Investment Grant
Projected Growth by Year Revenue $36,529,448 $17,208,689 $34,997,009
2025 2026 projected Other Revenue $220,254 $366,379 $346,722
Towns 40 Towns 55 TOTAL REVENUE $43,900,825 $30,004,848 $47,346,644
served served
EXPENSES
Miles built 516 Miles built 555 Operational Costs
Addresses 10,485 Addresses 15,000 excludes $1,247,036 $1,057,340 $1,671,193
passed passed depreciation/amortization
Administrative Costs $3,856,318 $3,634,149 $5,089,496
10,485 1,197 TOTAL EXPENSES & COSTS $5,103,354 $4,691,489 $6,760,689
SERVICE MILES OF CASH FLOW FROM
AVAILABLE NETWORK OPERATIONS $38,797,471 $25,313,359 $40,585,955
CAPITAL EXPENDITURES $36,529,448 $18,802,570 $33,269,506
2,004 ANNUAL NET CASHFLOW $2,268,023 $6,510,789 $7,316,448

CUSTOMERS PRIOR YEAR SURPLUS $6,510, 789
SERVED TOTAL SURPLUS $13,827,238
BUILDING CAPACITY NON-CASH COSTS $2,800,000 $4,430,648
depreciation/amortization
In 2025, we doubled the number of our staff
for the 4th year in a row, and now we have 26 SIGN UP FOR UPDATES
staff members. There were also 3 broadband To order our service, get updates, or sign up for our
training classes, and out of the 28 graduates, newsletter, visit get.nekbroadband.org. or cvfiber.net
NEKCV employs eight class graduates.

NEKCV is a communications union district (CUD) that aims to provide high-speed internet access to 72
towns across the Northeast Kingdom and Central Vermont.

46 Town of Brighton, VT