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Rangely council approves January 2025 income statement
Summary
Council reviewed and approved the January 2025 income statement; staff noted higher spending in the Water Fund due to capital projects and expected federal mineral lease and severance funds to help later in the year.
Council reviewed the January 2025 income statement, noting that the Water Fund reflected increased spending tied to capital projects.
Town staff said they do not expect the Water Fund to "turn the corner" until federal mineral lease and severance revenues arrive around August; the council moved, seconded and approved the January income statement by voice vote.
No member requested budget amendments at the meeting; staff described the expenditures as "within reason."
