Water and Sewer Utility System Annual Financial Overview 2020
In 2020, the total revenue generated for the water and sewer utility system was $610,742. The expenses totaled $496,212.
Custom Work / Supplies
Maintenance, Materials, Supplies
Using these figures, the comparison ratio of revenue to expenses equals $610,742/$496,212 or a ratio of 1.23.
The amount that has been set aside as of Dec 31, 2020 in a reserve account to be used to provide for water and sewer system capital infrastructure is $735,991. 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: