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Krebs Utilities reports $78,210 operating income; board approves minutes and claims
Summary
At its March 18 meeting the Krebs Utilities Authority reported $78,210.37 in operating income for the eight months ending Feb. 28, 2025, and the board unanimously approved routine minutes and claims. Staff noted supplies and repairs are under budget and a $19,000 transfer to the general fund.
At its March 18, 2025 meeting the Krebs Utilities Authority heard a financial review showing operating income of $78,210.37 for the eight months ending Feb. 28, 2025, and approved routine board business including the previous meeting minutes and claims.
Mike Kern led the financial review and reported: "Total revenues $876,157.57. Our total operating expenses $797,947.20. So, our operating income was $78,210.37." He told the board the authority transferred $19,000 from the KUA to the general fund and that supplies, repairs and maintenance were below budget, which he said left the utility "in better shape than we've been in a long, long time." (Mike Kern)
The board voted to approve the minutes of the Feb. 25, 2025 meeting after Connie Poole moved to approve and David Bailey seconded; the recorded votes were Dan Heathcock, Connie Poole, Chuck Nelms and David Bailey voting yes and the motion passed. The board then approved the claims on a motion by David Bailey, seconded by Connie Poole, with the same recorded yes votes. The meeting record shows no abstentions or no votes on those items.
No other business was listed under previously discussed or new business. The board adjourned following the routine items.
The Krebs Utilities Authority did not record any new policy decisions at this meeting; the financial review and the routine approvals were the principal actions taken.
