Director reports $4.1 million net across drainage systems; nine systems in deficit
Board staff reported 100 drainage systems in positive balance and nine in the red, with negative system debt of about $512,000, positive system totals near $4.6 million, and roughly $367,000 in bank funds available for reconstructions.
The full story
The board's director presented a financial snapshot: 100 systems were in positive balances and nine were negative. "Our negative systems hold debt of 512,000 and are positive for 4,600,000," the director said, leaving a net total of roughly $4,100,000 and about $367,000 in the bank for reconstructions and to cover deficits.
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