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Caribou Utility District approves minutes, accepts December financials and moves forward on vacuum truck purchase
Summary
At its Jan. 15 meeting the Caribou Utility District Board of Trustees approved minutes, accepted the district’s year-end financial reports and discussed capital purchases and next year’s budget, including a bond‑bank purchase of a vacuum/jetter truck.
The Caribou Utility District Board of Trustees approved the Nov. 13, 2024, meeting minutes and accepted the district’s December financial reports at its Jan. 15 meeting, and trustees discussed upcoming capital purchases and next year’s budget.
District managers told trustees the wastewater fund is essentially at break‑even and water revenues are tracking slightly below last year. A staff member said water revenues were about 90% of budget at year‑end compared with about 96% in the prior year, while wastewater was near 100% of budget. The board was told electricity and a new public‑policy charge are increasing utility costs and that next year’s budget will include roughly $25,000 more in public‑policy charges than the current year.
Trustees also reviewed a planned purchase of a vacuum/jetter truck underwritten through the bond bank. The district signed a purchase order; staff said the truck is expected to arrive in about six months, that final cost rose slightly after the original quote expired (the chassis alone increased by about $6,000), and that the grant and bond arrangement should cover the change so the district’s out‑of‑pocket cost will be minimal. Staff described the financing as a bond‑bank loan for “a little over $200,000” with a 10‑year, 0% term.
The board discussed scheduling a budget workshop before finalizing the fiscal‑year 2025 budget; trustees agreed to tentatively hold a workshop the week of Feb. 3, with an afternoon session penciled in for Feb. 3 at 1 p.m.
Actions taken included approval of the Nov. 13 minutes and acceptance of the December financial reports. Both motions were moved and seconded and approved by voice vote. The meeting adjourned after routine business.
Managers also reminded trustees that the district’s 2024 audit is scheduled for early February, and staff noted several one‑time and timing items affecting the year‑end results, including delayed invoices and a few higher-than-budgeted wastewater line items.
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The board’s approved motions and votes were recorded on the meeting record; no roll‑call tallies were given in the transcript.
