Created on Wednesday, 10 April 2013 Written by JOEL E. MAST
Rate increase would help close the gap
Detailed information regarding the city’s water fund failed to sway Bellefontaine City Councilwoman Diane Hager, who continues without public explanation to oppose a rate hike.
City Auditor Jack Reser reported the fund — which generates revenues through user fees — will be $580,000 short on its reserves by yearend if the rates remain the same.
He said the State Auditor’s Office recommends enterprise funds such as the water fund should maintain enough money to cover 90 days of operation and any annual bond payments.
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