Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Report topic
No spam. Unsubscribe anytime.
Trustees approve August financial report; connection fees boost receipts
Summary
Board approved minutes and the August financial report showing receipt of several large connection fees; trustees noted a recent pump replacement and modest monthly expenses.
Greene County Sewer District trustees approved the meeting minutes and accepted the August financial report, which showed strong connection-fee receipts this year and a modest monthly expense total.
Why it matters: Connection fees from new customers are a primary revenue source used to finance operations and capital projects such as pump replacements and future plant improvements.
A board member reported the August starting balance was $28,820.10, receipts of $33,001.22 and expenses of $3,028.80, leaving an ending cash balance the report listed as $58,009.13. The presenter later referenced an updated current balance whose transcripted figure was unclear; staff should confirm and publish the exact current balance.
Trustees noted several sizable connection-fee payments this year, including an enhanced semiconductor customer (identified in the minutes as Enhanced) that paid $14,009.40, Briar Ridge Innovation Park, and Windinger Construction. Jeff, the operator, said connection fees have helped cover equipment work, and staff reported that Vitam Faneuil recently installed a new pump.
Board members also discussed timing of routine expenses and that some vendor invoices had been paid early, which reduced reported outlays for the month. The motion to approve the financial report and minutes passed by voice vote.
Ending: Trustees approved the financials and asked staff to follow up with exact current-balance figures and to continue tracking connection-fee revenue as the district evaluates funding options for a new wastewater plant.
