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City presents midyear utility-fund review; wastewater revenues fall short but fund projected positive
Summary
Budget manager Jacob Bridal Cid reported a midyear review showing the solid waste fund projected to post a $907,000 surplus, the wastewater fund projected to end with a $1.9 million surplus despite a $2.3 million revenue shortfall from industrial customers, and the water fund projecting a $409,000 use of fund balance; the board adopted a supplemental-appropriation resolution.
Jacob Bridal Cid, the city’s budget manager, presented the midyear financial review for the city’s enterprise utility funds and recommended adjustments and a resolution for supplemental appropriations.
He reported the solid waste and street-sweeping fund is expected to finish the year about $116,000 over revenue estimates and about $286,000 under budget in…
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