Water, wastewater reserves rebound as master utility study proceeds
Staff reported water reserves rose from about $45,000 to $82,000, attributed to rate increases and interest; engineers completed field work for a master utility study and staff outlined long-term lab-building repairs and a sludge-pump replacement with a six-month lead time.
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Staff presented year-to-date figures for utility funds, saying water reserves have "jumped all the way back up to 82,000," which the presenter attributed to rate increases and roughly $7,000 in monthly interest. The wastewater fund was described as stable with a modest revenue increase; staff noted the town had not raised wastewater rates since 2018 and that recent revenue increases include additional customers ("added trailers to the trailer park").
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