|The City of Larsen Bay drafted a FY 09 budget with RUBA assistance, although it was not adopted until August 2008.
The clerk presents a profit and loss statement, as well as a profit and loss by class to the council monthly. However, a report with year to date revenues and expenses compared to the budget is not provided.
The interfacility bills have not been paid for over a year due to not having a consistent office staff. During the on-site RUBA visit, staff trained the city clerk on how to pay the interfacility bills, and the clerk feels confident that she will be able to keep them current in the future.
During the on-site visit, the City received confirmation of a RAFS loan to purchase fuel. The City has placed an order for 15,000 gal gas, 8,000gal #1 fuel and 40,000gal diesel.
The water and sewer revenues are not sufficient to cover operating expenses; however, the City subsidizes its water and sewer utility through electric sales. A line item for the subsidy has been approved within the budget.
Manager/ operator reports are given verbally to the council.