Saturday, November 17, 2012
Principal Officer Will Wilde, Director of Water Utilities, is the city's biggest rainmaker. Between Water and Sewer it looks like the City produced $12 million in profits on nearly $40 million in revenue. A 30% profit margin, that's PEU sweet.
Update 12-6-12: Despite making $8 million off water alone last year, the City has a $4.8 million fund that could be used for rebates. Council targets 90 days of water revenue, roughly $4.9 million. That should be closer to $6 million a quarter from the graph above. While the rainmaker retired, questions remain as to how the bounty has been used. It's not much a stretch for citizens concerned about Will Wilde's ethical gaffes to wonder if he acted like Yantis Green with the public's money.
by PEU Report/State of the Division at 4:19 PM