No Alternate Sources for Water System Funds
Council is considering an emergency water-rate increase recommended by the Elkins Water Board.
Some customers have asked if there is any other way the water system can obtain the funds it needs to continue operations. For example, could sales-tax proceeds be used?
The short answer is no. West Virginia utilities are required to be run as self-supporting, standalone businesses, supported by rates paid by customers. Utilities are prohibited from accessing tax and other revenues from a city’s General Fund. See the below graphic for more information.
- More about governmental fund accounting: https://coe.zwinggi.co/government/treasurer/explainer-governmental-vs-proprietary-funds/
- Water rate FAQ: https://coe.zwinggi.co/2022-water-rate-increase/
City Hall News: Week of Oct. 4, 2021
Meeting this week are council’s Finance Committee and the Elkins Tree Board. Council also meets Thursday. The Finance Committee meets Monday at 10 a.m. Agenda items include analyzing current accounting for city-owned vehicles and heavy equipment; consideration of a proposal to outsource […]
Read MoreCity Hall News: Week of April 5, 2021
Elkins, W. Va., April 3, 2021: New councilors and a new mayor settle into their roles this week. Council’s Finance Committee meets Monday, the Elkins Tree Board meets Tuesday, and the Rules & Ordinances Committee meets Thursday. Meeting Tuesday at 5:30 p.m. […]
Read MoreCity Hall News: Week of November 15, 2021
Meeting this week are the Elkins Sanitary Board, Elkins Water Board, and council’s Personnel Committee, Municipal Properties Committee, and Special Hiring Committee. Council meets Thursday at 7 p.m., following a 6:30 p.m. public hearing concerning proposed new home rule authorities. The regular […]
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