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Century’s Gas Department Makes A Profit. Well, For A Month On Paper Anyway.
January 4, 2020
The Town of Century’s financially troubled gas department showed a profit on paper.
According to a balance sheet for November, the gas department had a profit of $9,162, much better than the 2 cents (that’s right, 2 cents) profit projected in the town’s budget.
But a closer look at the balance sheet shows the beleaguered department’s bottom line was boosted by $10,000 from the water department and $5,000 from the garbage department. Without the transfers, the gas department would have lost $5,837.27 for the month.
The transfer caused the garbage fund to show a $281.10 negative balance for the month. The water and sewer fund had an income amount of $11,207.16 after the $10,000 transfer to gas.
Century’s gas department ended the last fiscal year with a $222,304.75 loss for the 12 months ending September 30.
Comments
4 Responses to “Century’s Gas Department Makes A Profit. Well, For A Month On Paper Anyway.”
Century’s almost getting as bad as flomaton
Same ole, same ole with this crazy town. When will they finally realize that “robbing Peter to pay Paul” is no way to run a town. SMH And why have no charges been filed against the former so called “manager” of the gas dept?????
My check book says I have 1 million dollars
if the gas dept can’t show a profit. dump it. propane is available.