Council hears auditor: sewer fund subsidized, $272,771 transfer this year
The auditor told council the sewer (utility) fund has been subsidized by the general fund and recorded a transfer of $272,771 this year; she recommended the utility fund be self-sufficient and cleaner fund accounting in QuickBooks.
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The citys auditor told the council that the general fund has been used to subsidize the sewer (utility) fund and that a $272,771 transfer was recorded this year to cover shortfalls. "A business-type activity such as your utility fund should be self-sufficient," Kim said during her audit presentation.
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