Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Utilities topic
No spam. Unsubscribe anytime.
Water fund revenues projected lower as large customers change operations, staff says
Summary
Finance staff reported year-to-date water sales and projected year-end figures (~$2.46 million) and warned depreciation write‑downs shrink reported fund balance. Commissioners discussed revenue sensitivity to large customers and budget prudence.
County finance staff presented the water fund (proprietary fund) projections and noted revenues would be lower this year relative to prior years, in part because a major agricultural customer sold operations. "If the current average holds true, that would put their water sales about 2,459,143.15 by the end of the year," a staff member said.
Staff also pointed to a large depreciation posting ($891,569) that reduces the fund’s reported net assets even though that depreciation does not represent a cash outflow. Commissioners discussed budgeting conservative revenue numbers and whether to place surplus inflows into contingency. No formal changes to the water fund budget were adopted during the session; staff said they would supply a detailed personnel and vehicle lease listing to commissioners who asked for it.
