FINANCIAL REPORTS

Staff Report & Agenda Item Details

FINANCIAL REPORTS Director Woody — I have some housekeeping stuff. On the balance sheet for the Water & Sewer, all the accumulated depreciation is up in the current assets for infrastructure, so it is showing a large net negative in current assets. That should be as a contrast d own on the property equipment to balance that out so you don’t, so the current assets should be a positive and all the accumulated depreciation should be down in the property and equipment where it belongs and that way you do not have a big net negative. General Manager Shadden - Okay, I will get with our accountants and make sure that that is corrected. Director Woody — And then second, is there any updates on these receivables for the open invoices? General Manager Shadden — We have written quite a bit of them off, but they are still within about a year and so we are still trying to receive them and then we will write them off. Director Woody — I guess my questions is, I see a couple of these are customers, right? General Manager Shadden — Most of those are where they hit our water lines and things like that or they have damaged our system and we have sent them a bill. Like on Highway 61 where they drilled into our line, it was quite a bit of money, and we are trying to collect from the contractor. Director Woody — I was just looking at the 2 up top and they are from 2025, $300.00 for relocating a sewer clean out and $50.00 for....I am assuming those are customers. Is there any way to try to