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Board defers sending LGC statement on water operating loss until staff verifies numbers
Summary
Staff told the board the Local Government Commission requires a statement about a FY2023–24 operating loss in water operations; commissioners questioned spreadsheet math and asked staff to verify figures and return on April 7.
Town staff said the North Carolina Local Government Commission requires a statement documenting an operating loss in water operations for the fiscal year ending June 30, 2024, and presented figures that the board asked staff to verify before sending.
Staff member (S3) said the loss was driven by higher chemical costs and unexpected expenses tied to water operations. A commissioner flagged what appeared to be calculation discrepancies in the spreadsheet sent to the board. "This came to us straight from Eddie," staff said, and the board agreed to table further action to the April 7 meeting so staff can reconcile budget/actual figures and correct any spreadsheet errors.
No final letter was sent at the meeting; the board asked staff to review the numbers and return with a corrected statement for approval and signature to meet LGC requirements.
