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Board signs engagement letters with Johnson Block; sewer utility still projecting a 30% loss
Summary
Trustees approved engagement letters from Johnson Block for PSC-related year-end filings; Clerk Atterbury reported the water utility is projected to net $66,650 under the proposed budget while the sewer utility is projected to run a 30% loss even after recent rate increases.
Clerk/Treasurer Shawna Atterbury explained two engagement letters from Johnson Block and Company, Inc. that authorize the firm to prepare PSC compilation filings and Form C for the water utility; trustees voted to approve the letters and associated fees.
Atterbury briefed trustees on utility budget projections: the water utility is projected to show a $66,650 net income under the proposed budget, but the sewer utility is projected to sustain a 30% loss despite rate increases of 10% in Q4 2024 and 15% in both Q1 and Q2 of 2025. She emphasized that the full village budget must be approved at the Nov. 3 meeting so the county can compute property tax bills and that the budget needs to be submitted to the newspaper by Oct. 14 for required public notice ahead of the Nov. 3 meeting.
