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Auditor recommends steps to strengthen Bennet water and sewer debt ratios
Summary
Auditor Michael Hoback presented the city's FY 2024–25 audit and recommended measures to improve the debt ratio in the water and sewer utility funds; council received the report but took no recorded action on it at the meeting.
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Michael Hoback presented the FY 2024–25 audit to the Bennet City Council on April 13 and urged actions to improve the debt ratio in the city's water and sewer utilities. The presentation outlined financial conditions and offered recommendations for improving utility fund balance and long-term debt management.
Council members received the audit report as presented; the minutes record Hoback’s recommendations but do not show a formal motion adopting specific audit recommendations at this meeting. Staff and council will consider the recommendations as part of ongoing budget and capital planning.
