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Water and Sewer Commission warns of debt-service pressure, urges data-driven rates and a debt service fund
Summary
The Water & Sewer Commission presented FY25 figures, recommended creating a separate debt-service fund, using new financial software (Waterworth) for modeling, and considering annual inflation-linked rate adjustments to protect capital improvements and debt service.
Havre de Grace — The Water and Sewer Commission presented its annual report to the council on Feb. 17, describing last year’s fund performance and urging steps to stabilize long-term capital funding.
Dan Wisnich, chair of the commission, said available funds for Fund 9 were stated in the presentation as $9.5 million, capital usage $7.2 million and a net change of $2.9 million, with a year-end balance cited as $4.7 million. He told the council that the capital cost recovery fee (CCRF) outperformed conservative projections in the past year and that the commission’s conservative budgeting practice should…
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