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Caribou Utilities District cites unplanned repairs and loan timing for October budget shortfalls
Summary
The Board of Trustees of the Caribou Utilities District reviewed the district’s October financial reports, identifying a $14,000 emergency VFD replacement, roughly $10,000 in pavement repairs after winter leaks and an unplanned single-audit charge as principal drivers of a water‑side overage.
The Board of Trustees of the Caribou Utilities District reviewed the district’s financial reports for the period ending October 2025 and accepted the statements after discussion of unplanned costs and reserve movements.
John (Speaker 1), who presented the department reports, said a failed variable-frequency drive required an unplanned $14,000 replacement to keep a pump running. "So, if you take the 14,000 out, it puts us closer to…
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