Staff affirms Mequon Water Utility meets revised reserve requirement
Staff told the commission that projected cash balances meet the recently amended water reserve policy and noted debt payments will decline in coming years, improving the utility's fiscal position.
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Staff presented a status update affirming that the Mequon Water Utility will meet the revised reserve policy requirement. "We did just want to come forward and affirm that the projected cash balance will meet the reserve requirement," a staff member said, adding the changed reserve requirement had been considered in the projection.
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