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Isanti staff warn of nearly $2 million 2025 water-fund cash drop; council told to weigh rate study
Summary
City staff told the council the water fund may lose nearly $2 million in cash in 2025 because of planned capital expenditures and recommended use of a rate study and possible debt to spread future wastewater-plant costs estimated at $23 million.
At the July 16 budget work session, city staff told the Isanti City Council that planned water capital expenditures could reduce the water fund cash balance by nearly $2,000,000 in 2025 and identified that outcome as central to upcoming water-rate decisions.
"That is the nexus of our problem for rate studies," the presenter said, linking volatile…
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