|The Tribe is planning to open up a general bank account since the IRS has given back the tribe's current checking account. The tribal administrator had not been able to make financial reports or budgets due to this issue.
Fairbanks RUBA staff worked with the acting tribal administrator to figure out what it costs the tribe to run the washeteria and provide water to the community. Based on the financial information provided by the acting administrator, we calculated the annual expenses for the washeteria total at least $57,000 and revenues from water sales to the school, shower and washer token sales come up to about $27,000. We made an estimate to raise the revenues. The tribe could charge the school district at least $36,000 a year from the current $18,000 a year. There are individuals that currently get free water for at least 500 gallons a week. If those users are charged $25 for every 100 gallons, the revenues would total at least $10,800 a year. Then the Tribe can raise the token sales $0.25 a token to $2.75 a token from the current $2.50 a token, the annual token sales will be $7,500 from $6,000. Shower use would still be at least $3,000 a year. The total revenues would come up to at least $57,300 a year.
A sample annual budget for the washeteria was provided for the council to consider.|