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Clinton finance report shows roughly $1 million year‑over‑year revenue gain; utility fund posts April profit
Summary
At the May 13 meeting the finance committee reported year‑to‑date revenues of $3,710,669.02, up from $2,752,941.52 the prior year; the Utility Fund showed April income of $75,120 against expenses of $47,000, a roughly $28,000 operating surplus for the month.
The Town of Clinton’s finance committee reported May 13 that year‑to‑date total assets collected stood at $3,710,669.02, compared with $2,752,941.52 at the same point last year — an increase of approximately $957,727.50 noted in the minutes. Committee members attributed improved utility fund performance in part to recent increases in sewer and gas rates.
The minutes show the Utility Fund generated $75,120 in income for April against $47,000 in expenses, which the minutes characterize as roughly $28,000 in profit for the month. Alderman Betrece presented the report and Alderman Young moved to accept the finance report; the motion passed.
The minutes do not provide a detailed line‑item breakdown of revenue sources (e.g., customer counts, rate schedules or one‑time receipts) or an auditor’s analysis; Tim Butler, the town accountant, reported that he was working with the auditor to provide information for the audit.
