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Treasurer flags cash‑flow pressures in Sewer 1; EFC draws helping long‑term control work
Summary
The treasurer warned that Sewer 1 had cash‑flow strains, including bond‑payment timing and significant outstanding user fees; he said the project’s long‑term control plan is proceeding with EFC financing, which is improving cash‑flow timing for certain capital draws.
Treasurer Al told the Board that Sewer 1 is experiencing cash‑flow pressure and that the executive director had to borrow against capital project funds to make a March bond payment earlier in the year.
He said Sewer 1 had roughly $136,000 in outstanding user fees at year‑end and carried a fund balance of about $114,000 — a shortfall of the same order of…
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