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Finance update: water revenue slightly up; measure oversight awaiting funds
Summary
Staff reported water revenues about $5,000 higher than the prior year but not matching the 12% rate increase due to billing periods and lower usage; staff also said no funds have yet been received for the measure and oversight committee work will proceed when funds arrive.
Staff briefed the committee on finance items including a water-revenue report and the status of a citizen measure. The water report showed an increase of roughly $5,000 over last year at the same time, which staff said fell short of the expected 12% increase attributable to new rates; staff attributed the variance to billing timing (April charges billed in May) and lower water usage.
On measure funds, staff said the oversight group has not received allocated funds yet and there is no update on distributions; the oversight committee and staff training committee will continue planning but have no expenditures to date. No budget actions or motions were made during the committee meeting.
