Citizens rained money into the City of San Angelo's water fund this summer. Cash poured in such that the city hit its $3.1 million water fund target with three months to spare. With one month to go the fund was over target by $1.5 million
The city's Water Enterprise fund had a $4.6 million fund balance as of 8-31-17. This represented 75.3 days of cash on hand. How much did fund balance grow with the city booking nearly $2.6 million in water revenue for the month of September? September water revenues beat August's by over $575,000 so it could be a very green month for city coffers.
Water prices are slated for another annual increase in January. The rebate discussion looms. How much will the city transfer from water fund balance at the end of the 2016-17 fiscal year? It's West Texas, where we're used to gushers and droughts.
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