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The clipping this text was read from
The clipping this text was read from

crease and waited the required time before holding the public hearing. This meant that half of the year went by before the rate increase could take effect.

As a result the authority spent $51,4(52 during the 1991-92 fiscal year while collecting about $48,295. Fortunately less is owed in accounts receivable, but the cash on hand has been drawn down sharply.

The proposed $50,871 budget for the 1992-92 fiscal year should produce a surplus of $1,950 to be applied to plant depreciation, for replacing equipment as it becomes broken.

56.8%