Water, sewer funds and projects outlined; Riderwood work to move to construction after EPA forms
Staff reported operating and reserve fund positions: operating revenue and expenses, $6.2M cash in the reserve fund, and several capital projects (Kim Loss, Shadow Mountain phase one, Riderwood). Staff said EPA/USDA grant handling will allow concurrent payment and expenditure on a Riderwood project.
The full story
Sean presented the water and sewer operating and reserve funds and told the board the operating fund shows charges for service at $1,270,000 of a $2,690,000 budget and the reserve fund has a current cash balance of roughly $6.2 million.
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