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Committee approves treasurer's unaudited report after questions on water capital reserves
Summary
Atwater City's Audit & Finance Committee approved the treasurer's unaudited report for the month ending Jan. 31, 2025, after a committee member asked Treasurer Nichols to explain why rising water operating revenues had not resulted in expected 25% deposits to the water capital fund reserves.
The Audit & Finance Committee approved the treasurer's unaudited financial report for the month ending Jan. 31, 2025, following a brief discussion about timing of deposits into the water capital fund.
During the treasurer's report, a committee member noted that water operating fund revenue had ‘‘gradually increased according to the budget,’’ but said they had not seen a…
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