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Draft budget shows water surplus, sewer a projected 30% shortfall
Summary
Clerk Atterbury reported the water utility is projected to have a $66,650 net income under the proposed budget while the sewer utility is projected to show a 30% loss despite three recent rate increases; the board must approve the budget at its Nov. 3 meeting.
Clerk/Treasurer Shawna Atterbury told trustees the draft village budget is nearly complete and must be approved at the November 3 meeting to allow time for county property tax calculations and required public notice deadlines. She said the water utility is projected to have a $66,650 net income under the proposed budget.
Atterbury warned the sewer utility is projected to have a 30% loss even after a 45% cumulative rate increase applied in stages (10% in Q4 2024, 15% in Q1 2025, and 15% in Q2 2025). The board noted the need to finalize wages and other outstanding items in closed session and to publish the budget by Oct. 16 (materials to the paper by Oct. 14) so the November approval can proceed.
Atterbury also said she would send letters to customers affected by billing errors from the last quarterly cycle and noted the board approved extending the utility bill due date to Oct. 27 to allow 20 days for payment given the delayed billing schedule.
