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ESU reports reduced water billings and upcoming invoice adjustments from vendor; operating expenses below projection
Summary
Assistant comptroller told the ESU board revenues were down due to about 10 million gallons of reduced billed water; a Riverside meter true-up and an adjusted invoice from vendor Karma are expected soon and will improve revenue figures. Operating expenses are currently below projections and full-time-equivalent (FTE) reporting was added to packet.
At the Oct. 20 meeting the Kankakee City ESU board heard a financial update showing revenue below the year-to-date expectation, operational expenses modestly under projection and several near-term adjustments that should affect month-to-month results.
Revenue and billing
The assistant comptroller said the department was roughly at month 5 of the fiscal year and that revenues were near 33% of year-to-date budget due in part to a reduction of about 10 million gallons reflected in recently posted…
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