|With the financial assistance of NSEDC, a check was issued to AVEC to pay off the city's $11,680 bill. Other payments made by NSEDC on behalf of the City of Wales include $19,000 to the Native Corporation for fuel, Analytica for water testing, and other outstanding payables. With RUBA assistance, the City of Wales adopted an FY 07 budget and an FY05 Certified Financial Statement. This made them eligible to receive FY07 Municipal Energy Assistance Program funding in the amount of $40,000 and FY07 PILT money in the amount of $11,000.
The new city council decided not to start the bingo games and pulltab sales as recommended by RUBA staff. The earnings were to be used to run the general government and pay for washeteria operations as they have always operated with a deficit. With the influx of NSEDC and State funding, the city's financial picture has greatly improved.
The city passed the FY '07 budget and FY '05 Certified Financial Statement on October 18,2006. They also passed the PILT Program participation resolution. This made them eligible to receive close to $11,000 in PILT funds. The city has also received $40,000 in Municipal Energy Assistance Program funds. |