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Finance report: Water and sewer net operating income down sharply year over year
Summary
Finance staff reported that water and sewer net operating income after debt service for June 2026 decreased 44% compared with the prior year; year-to-date net income is 40% less and 55% under budget, prompting concern about utility fund performance.
City finance staff presented the monthly financial report for the period ended June 30, 2026 and highlighted variances across funds. Total revenues were about 3% over budget and expenses were 11% under budget, but water and sewer operations showed significant declines.
"Net operating income after debt service for June 2026 decreased 44% compared to prior year," finance staff said, also reporting that current year-to-date net income for water and sewer is 40% less than the prior year and 55% under budget. On a rolling 12-month basis, net operating income was reported down 20%.
Council members asked questions and thanked staff for the presentation; no specific budget action was taken at this meeting on the water and sewer funds.
