|The city's FY11 budget was adopted on July 6, 2010 and appears to be balanced, detailed and realistic; a copy is on file at the Bethel RUBA office. Monthly financial reports for June, July and August of 2010 were provided along with minutes from a September 7, 2010 city council meeting documenting they were reviewed and approved by the council. An October 8, 2010 correspondence from Alaska Village Electric Cooperative (AVEC) indicated that the city was current in paying all their electric accounts.
The city purchases fuel from Crowley, which has a fuel distribution tank farm located on city property. On October 8, 2010 Saint Mary's city manager indicated that the city has approximately 23,000 gallons of fuel on hand which should be enough for the winter. Bethel RUBA staff contacted Crowley Petroleum Distribution by phone on October 8, 2010. Crowley indicated that Saint Mary's has a significant outstanding balance for fuel delivered on July 17, 2010 and that it will not be extending additional credit to the city until their outstanding balance is paid off. Saint Mary's is expecting payment for gravel deliveries it made during the summer to pay the Crowley fuel bill. The city will also be eligible for Community Revenue Sharing (CRS) and Payment in Lieu of Taxes (PILT) funds once their FY 2009 Audit is complete. The water and sewer utility is significantly subsidized by the city's rock crushing operation.
A monthly manager's report is briefly mentioned in the minutes for the September 7, 2010 council meeting and written reports from previous meetings have been provided.