Page 195 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget
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FundFund
Utility
500
The Utility Fund is an enterprise or business fund.
This means that the direct beneficiaries of the
business” pay for all costs through fees or rates.
Water, sewer service, and garbage service
revenues generated through our rates, as well as
the expenses for providing these services are
accounted for in this fund.
Prudent financial management and bond
requirements make it necessary to have healthy
reserves.
181
