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El Paso Water reports third-quarter drainage utility receipts; $2M MLK payment expected
Summary
El Paso Water presented the third-quarter financial report for the drainage utility 10% fee, citing a Sept. 1 cash balance, third-quarter revenue allocation and interest earnings, and said a roughly $2 million payment tied to the MLK obligation is expected soon and will recur over the coming years.
Jonathan Persol, senior line and contract administrator with El Paso Water, presented the board with the third-quarter financial report for the drainage utility 10% fee, reviewing balances, allocations and upcoming obligations.
"Balance as of September first of 2024 is $2,464,126," Persol reported from his slide deck, and he said the allocation of the 10% utility revenue for the…
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