|As of April 6. RUBA staff has not received financial information from the City of Hughes for the first quarter of 2014. The City of Hughes drafted, adopted, and submitted a realistic, balanced FY14 budget. All revenue and expenses for water/wastewater utility are listed in the budget. The city passed the FY14 budget on June 25, 2013.
Finance reports are submitted to the city council monthly. These reports include a profit and loss statement as well as a statement showing budget vs. actual for the council. Councilmembers have an accurate financial picture of the utility.
The water and wastewater utilities operate at a budgeted expense of $94,804. This is a reduction of over $7000 from FY13, with the majority of budget cuts in personnel. Projected incomes for FY14 water and wastewater utilities are $60000. The water plant is expected to operate at a loss of $45,000 this deficit is to be subsidized by heating oil sales.
2013 water utility expenditures surpassed the budgeted amounts. The utility operated over budget in fuel oil usage, salaries, and building maintenance.
A monthly manager's report was prepared and delivered at the council meeting. The report consisted of a hard copy outline with verbal delivery.