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Atlantic Beach council signs audit notice after water assets rated at 0.16
Summary
The council accepted the FY22‑23 Financial Performance Indicators of Concern noting a water and sewer capital assets condition ratio of 0.16 and reserves just under $1.9 million, and approved submitting the report to the Local Government Commission while continuing planning for plant repairs.
The Atlantic Beach Town Council on Jan. 22 accepted the town’s FY22‑23 Financial Performance Indicators of Concern (FPIC), a required disclosure that calls attention to the town’s aging water system and its low capital assets condition ratio.
Town Manager John O'Daniel and Finance Director Sarah Currie told the council the water and sewer capital assets condition ratio produced a result of 0.16, a figure the FPIC guidance says signals limited remaining useful life for assets. Council unanimously voted to approve and sign the FPIC report for submission to the Local Government Commission.
The FPIC summary shows the town has been building reserves to support a large water plant project; reserves at the close of FY22‑23 were described as just short of $1.9 million. O'Daniel said the town contracted Municipal Engineering Services, Inc. in August 2021 to assess the water treatment plant and produce estimated costs and priority levels; the town received a final draft of that assessment in December 2021 but delayed committing to a specific plan while awaiting a National Pollutant Discharge Elimination System (NPDES) permit that could change compliance requirements.
Councilmembers emphasized the need to balance planning and reserve buildup with timely project work. The motion to accept and sign the FPIC report was made by Mayor Pro Tem Austin Waters and seconded by Councilmember Renea Baker; the vote was unanimous, 5‑0.
Next steps noted by staff include using the engineering assessment to prioritize repairs and continuing to monitor permit requirements and funding options. No specific construction schedule or contract award was adopted at the meeting.
