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Sheffield leaders say sewer fund still in deficit as board warns of necessary rate reviews
Summary
At the April 14 meeting President Yepsen told trustees that over 20 years water and sewer funds have not covered operating costs and the General Fund has subsidized them; the board approved no immediate rate action but acknowledged past inconsistent rate reviews.
President Sheila Yepsen told the board the water and sewer funds have not generated sufficient revenue over the past two decades to fully cover operating expenses and that the General Fund has subsidized those services.
Yepsen said the water fund is approaching a positive balance while the sewer fund "continues to operate at a deficit," adding that historical inconsistencies in rate adjustments contributed to the shortfall. She warned that without regular rate reviews and necessary adjustments, these funds would not maintain adequate balances for current obligations or future repair and replacement projects. The Board did not take a formal rate action at the meeting; trustees proceeded with consent items and operational approvals.
Trustees discussed budgeting and CD reinvestments in the same meeting, indicating continued attention to cash flow and reserve management as the Village plans for summer street work and maintenance.
