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Queenstown clerk reports fund balances, notes water/sewer fund strain

Queenstown Commissioners · October 23, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Town Clerk Aaron Horney reported the general fund balance ($209,455.35), ARPA funds ($594,641.33) and a low Water/Sewer Fund ($4,939.64), and said a rate study may be needed to address recurring low WS balances.

At the Oct. 23 meeting, Town Clerk Aaron Horney reported the town's cash balances and flagged the water/sewer fund as low. Horney reported the following balances: General Fund $209,455.35; Water/Sewer Fund $4,939.64; ARPA Fund $594,641.33. He said the water/sewer fund has been low more frequently and the town may need to consider a rate study to address the shortfall.

The Finance Committee told commissioners that auditors are continuing work on the town audit and will inform the board if an extension is necessary. The board did not take a formal vote on rates at the meeting; the discussion was recorded as an informational report and a possible future action (rate study) was flagged for follow up.

Separately, approval of the Oct. 9, 2024 minutes was tabled because only one commissioner who attended that meeting was present to vote.

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