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Council hears concern about low cash balances; finance director outlines ARPA reconciliation and water rate increases
Summary
Councilors flagged year‑end low cash balances, delayed audits and ARPA reimbursements; finance director and council discussed a PUC‑approved water rate increase that will raise blended customer rates now by ~22% and overall to about 33%.
Council members at the Jan. 13 Woonsocket City Council meeting pressed finance staff for more detail after receiving the December finance report and enterprise fund statements.
Councilman Kenoyer said combined year‑end cash balances for the general fund and Woonsocket Education Department were at one of their lowest points in recent years and urged staff to finish audited financial statements for 2023 and 2024…
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