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Council accepts $22.24 million MEAG year‑end credit; BLW staff reports steady finances
Summary
The Marietta Board of Lights and Water (BLW) reported month‑to‑month operating results and the council voted unanimously to accept a $22,235,824 MEAG year‑end settlement credit to apply to the next MEAG bill and authorized the mayor to sign the form.
Miss Richardson, presenting the Board of Lights and Water report, told the Marietta City Council that the BLW meeting began with routine items and a series of presentations before staff reviewed water and power operations and monthly finances.
The BLW financial recap noted that for March and April the utility is roughly on budget for project costs, with supplemental revenues and costs varying from month to month. Miss Richardson said year‑to‑date total cost is 1% under budget while supplementals were down earlier in the year and are 8.4% above year‑to‑date projections after a February event. She reported wholesale water purchases for…
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