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Officials report un‑audited general fund and utility numbers; audit due in two months
Summary
Finance staff presented un‑audited year‑end utility and general‑fund figures showing roughly a $2.5 million net gap and said the annual audit should be complete in about two months; commissioners queried debt service and bond timing.
Finance staff provided the commission with an un‑audited summary of utility and general‑fund results and an update on the audit and budget timeline.
A presenter identified in the transcript as Dr. Calcott (name appears in the record) reviewed the utility year‑end figures and said historically revenues have exceeded expenses and that remaining amounts are placed in reserves for capital or emergencies. When asked about annual debt service, the presenter said it is…
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