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Danville utility funds report mixed FY2024 results; statements unaudited
Summary
Commissioners were presented unaudited FY2024 financial statements showing wastewater and water funds near budget, gas revenue down due to lower natural gas prices, and electric fund reporting a net loss after transfers; auditors are scheduled to review June entries in September.
The Danville City Utilities Commission reviewed unaudited fiscal year 2024 financial statements at its Aug. 26 meeting.
A finance staff member told the commission these numbers are unaudited and still under adjustment ahead of an audit visit planned for the second week of September. The wastewater fund reported operating revenue of about $9.2 million (93% of budget) and net income after transfers of $30,000. The water…
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