Thursday, October 11, 2012

Dryden Water Fund Short

A water operations financial plan shows the City of Dryden is not setting aside enough money for the future replacement of equipment and other assets. The City is currently contributing 375-thousand dollars toward capital replacement in the water budget compared with the recommended level of 1.05-million. Director of Public Works and Engineering Mike Louttit says the situation isn't dire right now. The financial plan calls for 6.7-million dollars in capital spending over the 2013-2018 period.