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Independence finance director: utility revenues near budget; property-insurance premiums rise modestly
Summary
At the June 12 Independence Public Utilities Advisory Board meeting, Director of Finance Melissa Cabrera reported utility revenues tracking at or above budget through April and expenses below budget; the board learned the utilities property-insurance premium rose 4% (6% including an $18,800 engineering fee).
Melissa Cabrera, director of finance for Independence, told the Public Utilities Advisory Board on June 12 that utility funds were “either right at what was budgeted or exceeding budget” through April, and that expenses across the three utility funds were trending below budget.
Cabrera said the board will see two insurance items at the upcoming Monday city council meeting: the…
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