The Michigan City Water Works Board convened on September 23, 2025, to review financial updates and operational performance. The meeting began with a financial statement presented by Mr. Wolf, detailing the cash flow for the month.

Total receipts for August amounted to $865,649, which included a recovery of $134 from bad debt. The board noted total disbursements, excluding transfers, were $778,997. Key expenditures included inventory purchases of $58,126 and capital expenditures totaling $39,830, resulting in an ending balance of $340,402 for the month.

Mr. Wolf highlighted that operating revenues exceeded both forecasts and the previous year’s figures. However, some expense lines were noted to be over forecast, particularly in storage supply and pumping, which included generator maintenance contracts and a bulk phosphate purchase of nearly $16,000. Water treatment expenses also rose due to repairs for hail damage costing $7,800 and the purchase of softener salt for $2,600.

The gross income before depreciation was reported at $70,008 for the month and $585,771 year-to-date. After accounting for depreciation, the board faced a net loss of $53,992 for August and $406,229 year-to-date.

Further discussions included the purchase power report, which was delayed from the previous month, and the materials and supplies line, which reflected increased costs due to phosphate and softener salt purchases. Contracted services expenses were attributed to three-year generator contracts and repairs, while truck repair costs exceeded forecasts due to maintenance on larger vehicles.

The meeting concluded with a review of the redemption fund, which saw a bond payment of $675,900, leaving a balance of $4,624. The board also noted that total bonds decreased to $4,460,000 following this payment.

Overall, the meeting provided a comprehensive overview of the financial health of the Michigan City Water Works, highlighting both challenges and areas of growth as the board moves forward.