Annual Meeting (Proposed Sewer Improvement Budget 2025-26)

The Sewer Improvement Fund’s financial overview from 2013-2014 to the proposed 2025-2026 fiscal years indicates a strategic approach to managing income and expenses related to sewer infrastructure. Income sources have varied over the years, with significant contributions from hook-up fees and capital improvement fees. Notably, the SAW Grant from the state was utilized in 2013-2014 but has not been a source of income in subsequent years. The total income has shown an upward trend, projected to reach $234,500 in 2025-2026, reflecting a robust financial strategy to support ongoing and future sewer projects.

Expenses have been allocated across various projects and maintenance activities, with a focus on improving the wastewater treatment plant (WWTP) and the collection system. Major expenses include the River Street Gravity project in 2013-2014, and ongoing investments in lift stations, odor control, and system improvements. The expenses peaked in 2022-2023 at $336,503.72 but are projected to decrease to $234,500 in 2025-2026, aligning with the total income for that year. This indicates a planned approach to managing costs while ensuring the sewer system’s efficiency and compliance with regulatory standards.

The fund balance has been maintained and projected to remain stable, with a balance of $212,022.06 in March 2024, projected to increase to $240,000 by March 2025 and remain at that level through March 2026. This stability suggests effective financial planning and management, ensuring that the Sewer Improvement Fund can continue to support necessary improvements and maintenance without significant fluctuations in its financial health.