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Angola hears water and wastewater financial reports; consultants flag potential rate increases
Summary
Consultant Baker Tilly told the Angola Common Council the water and wastewater utilities finished 2024 with strong cash positions but a five‑year capital plan (about $6.4M) that, under current assumptions, could require phased rate increases—roughly 29% for water and about 14% for sewer—pending further study and council decisions.
Angola Common Council members heard a detailed financial briefing on the city’s water and wastewater utilities that showed healthy reserve levels but also forecasted capital needs that could put upward pressure on rates.
Jeff Raul of Baker Tilly presented the annual financial management reports, saying the water utility ended 2024 with roughly $250,000 more cash and about $2.7 million above its minimum reserve requirement, while the sewage works increased cash by about $579,000 and held more than $3.0 million above required reserves. Raul said operating revenues ran slightly under budget for both utilities but operating expenses were materially below budget, which helped net positive…
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