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Council hears finance plan to split water and sewer funds to simplify accounting ahead of 2026 rate study and bond work
Summary
Finance director presented a recommendation to separate combined water-and-sewer accounting into distinct operating and capital funds for water and sewer, aiming to reduce manual allocations, avoid cross-subsidies, and streamline upcoming rate studies and bond issuance preparations.
The council heard a staff recommendation to split the city’s combined water-and-sewer fund into separate operating and capital funds for each utility to simplify accounting and better support upcoming rate studies and a planned bond issuance.
Finance director Charity Evans introduced the proposal, saying separate funds would make it easier to track revenues and expenditures by utility, reduce manual proration work and lower the risk of accidental…
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