Fairbury Light And Water Sees Improved Finances

FAIRBURY – The Fairbury Light and Water Department saw an improvement of more than three quarters of a million dollars in its net income during the previous fiscal year. That according to an audit presented to the City Council by Brian Blobaum Tuesday night.

Blobaum told the council the light department had a net loss of just over $1 million in the 2014-15 fiscal year, but only lost about $322,000 for the 2015-16 year. He said the improvement came from a combination of increased revenue and reduced costs.

:23     “…primarily less maintenance.”

Blobaum told the council that there are some things that still need to be worked on and electric rates may need adjusting to help the light department break even, but on balance there has been improvement.

:06     “…not so bad.”

City Administrator Collin Bielser added that he intends to conduct a sewer rate study to help plan for future needs of the wastewater department, including the potential for personnel changes in the coming years as well as the need to replace aging equipment.

:23     “…study as well.”

Also during the meeting, the council authorized Mayor Homer Ward to sign an agreement with the Nebraska Department of Environmental Quality for a Public Water Systems Planning Grant and Bielser was appointed to represent the city with the Municipal Energy Agency of Nebraska.