Cordell’s utility rate payers will see a four percent increase in their utility bills next month. The New Cordell City Council met Monday, June 17, 2019, for its regular meeting and authorized the increase as part of the fiscal year 2019-2020 budget.
The city’s budget calls for a total of $6,854,576.57 in expenditures, while projecting $6,756,653 in total revenues. The lion’s share of both revenue and expenses come from the city’s so-called enterprise funds, the New Cordell Utility Authority’s purchase and resale of water, electricity, sewer services, and garbage collection and the New Cordell Development and Redevelopment Authority Board.
The approved budget anticipates $4,686,810 in enterprise fund revenues, against $4,644,713.40 in expenses. With the rate increase, the budget projects $2,912,000 in electricity sales for the coming fiscal year, as well as $717,500 in water, $374,400 in garbage, and $239,200 in sewer revenue. Other miscellaneous revenues, such as administration, penalties, street fees, rental fees, and the city’s ambulance fees make up the remainder of anticipated revenue.
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