A recent audit revealed expenses for the St. John water fund has been exceeding income since 2018. | Pixabay
A recent audit revealed expenses for the St. John water fund has been exceeding income since 2018. | Pixabay
A recent audit revealed expenses for the St. John water fund has been exceeding income since 2018.
“[The water fund] should show revenues in excess of expenditures in order to provide for depreciation and future capital requirements,” HintonBurdick CPAs and Advisors stated in a presentation on the audit findings, according to the White Mountain Independent.
The audit found the difference between expenses and income had reached $50,873 in 2019. The reasons cited for insufficient funding include previous water extension projects and loans, and litigation costs over water rights.
To balance the water fund, City Manager Paul Ramsey has suggested increasing city water bills to a flat-rate of an additional $6.50 per user each month. The proposed increase would have to be voted on with the process likely to take at least four months as multiple hearings would need to be held and input from the public would need to be obtained.
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