|The City of Hydaburg adopted its FY14 budget by non-code ordinance on June 18, 2013. The overall budget is balanced and divided into separate funds: a general fund, a water-wastewater-garbage fund, a harbor and docks fund, and several others. Each fund compares all anticipated revenues and expenses for the fiscal year alongside actual figures from the preceding fiscal year, as required by the Hydaburg Municipal Code. Though the adopted budget does not specifically indicate interfund transfers, utility staff have explained that Community Revenue Sharing (CRS) monies in the general fund are indeed subsidizing other city funds, including the utility fund. The FY14 water-wastewater-garbage fund budget anticipates $121,540 in income from monthly user fees, although only $105,305 was received in FY13. Anticipated expenses total $257,747, while the utility expended $282,172 in FY13. Lower expenses are anticipated for FY14 due to the elimination of overtime for utility employees.
Utility bill collection rates have improved over the past few years, and was at 99% as of May 13, 2014. The council increased utility rates from $40 to $80 residential monthly rate in November 2012, based on a rate study conducted by RUBA staff. This increase will help meet the costs associated with providing sanitation services in Hydaburg, but will not cover the entire cost and the city will need to continue to subsidize those services with CRS funds. The utility fund budget includes line items for the primary operator's salary and benefits, repairs and maintenance, travel, water treatment and testing supplies, emergency parts, vehicle gas, electricity, telephone, and various other expenses. However, the city also employs a second, part-time operator whose salary and benefits are not budgeted in the utility fund. This salary is accounted for in other departments such as Public Works or Wastewater and Garbage. Utility management hope to improve the allocation of staff time to appropriate funds in FY15.
Monthly financial reports are not being provided to the council members at this time. Year-to-date figures cannot be accurately compared to what has been budgeted until the QuickBooks files are fixed. However, the mayor, city administrator, public works foreman, treasurer, and clerk all routinely provide both written and verbal reports on operational and financial issues concerning the sanitation services the city provides.
The city is current on paying its electric bills. The city has two 275-gallon fuel tanks for heating fuel which are located at city hall and the water treatment plant. Funds have been allocated in the budget to purchase heating fuel from Petro Marine every one to three months.|