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Tipton utility board flags insurance hit, schedules Kron rate study presentation and responds to EPA lead-line notice
Summary
The Tipton Utility Service Board on Nov. 3 approved routine minutes and claims, heard a monthly financial update that included a rise in insurance premiums tied to recent infrastructure additions, and set a public presentation for a Kron & Associates water and wastewater rate study.
The Tipton Utility Service Board on Nov. 3 approved routine minutes and claims, heard a monthly financial update that included a rise in insurance premiums tied to recent infrastructure additions, and set a public presentation for a Kron & Associates water and wastewater rate study.
Jim, a staff member, told the board the utility’s insurance premium rose after the city added a water tower and lift stations, saying the premium "overall went up $30 for the year" because of those added structures. He described the board's monthly report as detailed and said the city tracks finances using Keystone software, with both accrual and cash accounting reconciled each month.
The board approved claims totaling $327,269.96 by voice vote; a motion to approve the minutes from the previous meeting…
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