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Finance staff flag $94,000 water-fund shortfall, rising chemical costs and ongoing meter replacements
Summary
City finance staff told the Holtville City Council the water fund shows an initial $94,000 loss, chemical inputs for treatment have roughly doubled in six months, and radio-read meter replacements are about 75 percent complete; staff said debt service will decline next year as one loan payment ends.
City finance staff told the Holtville City Council on May 9 that the water enterprise currently shows a preliminary shortfall of about $94,000, chemical costs for treatment have roughly doubled over the past six months and the city is about 75 percent complete replacing water meters with radio-read units.
Finance staff described the figures as preliminary and said they are continuing data checks before presenting a final FY budget for formal adoption. "Our water fund is showing a $94,000…
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