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Marietta utilities report stable revenues, drought concerns and federal court win for Atlanta-area water allocations
Summary
City staff reported near-budget water sales and robust capital reserves but warned of drought risk; meeting included a summary of a federal court decision upholding Army Corps allocations from Lake Allatoona that affects the Marietta/Cobb County water authority.
City staff reported that water sales for the reporting month averaged about 68 million gallons per day, slightly above budget, and that water sales revenue for the month was roughly $7 million—about $20,000 below budget. Net income and year-to-date capital spending were presented; staff reported approximately $65 million in cash reserves held for capital improvement projects as of the close of the financial report.
Staff also said year-to-date average rainfall recorded by the water authority was about 7.6 inches in February, roughly 44% below…
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