Water and Sewer Utility System Annual Financial Overview 2019
In 2019, the total revenue generated for the water and sewer utility system was $524,590. The expenses totaled $819,424.
Custom Work / Supplies
Maintenance, Materials, Supplies
Using these figures, the comparison ratio of revenue to expenses equals $524,590/$819,424 or a ratio of 0.64.
The amount that has been set aside as of Dec 31, 2019 in a reserve account to be used to provide for water and sewer system capital infrastructure is $793,991. Surplus from the water and sewer revenues may be transferred to reserves on an annual basis for water and sewer infrastructure repairs, replacement and upgrades.
A copy of the following documents may be requested at the Town Office during regular business hours: