Sunday, August 06, 2017

City Council to Consider Building Fund Balances

City Council will consider the 2017-2018 budget for major departments on Tuesday.  Both the Water and Solid Waste budget have excess money going to increase fund balance.  Yet, city staff failed to provide a current fund balance for either fund.  The City sold lots of water in June and continues to make big money off late charges.  It has nearly $3.2 million in the Water Enterprise fund balance as of the end of June.  As dry as July has been I expect that number will soon be much higher.

The Solid Waster fund has nearly $2.5 million as of the end of June.  These numbers should be part of a conversation as citizens pay the freight for the continued building of fund balance. 

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