|The City of Angoon adopted its FY11 budget on September 20 for the period of July 1, 2010 to June 30, 2011. The budget appropriately separates the revenues and expenditures for city's various departments and enterprises.
While Angoon's FY11 is indeed balanced, the budgeted expenditures for water, sewer, and garbage services are approximately 12% less than the amount budgeted for these services in FY10. This reduction in funding includes significant cuts to supply expenses, wages, and testing. Compared to FY10, the FY11 budget provides 66% less funding for sewer supplies, 40% less funding for the water plant's electricity and fuel oil needs, and no funding for supplies for the garbage collection and landfill service. RUBA staff has not been able to confirm with city officials that the figures provided in the utilities section of the budget are realistic. However, the city clerk has assured RUBA staff that the city has the funds available to purchase critical items such as fuel, which is purchased as needed from Angoon Oil and Gas and stored in a 100-gallon fuel tank.
Projected utility expenses exceed the projected revenues generated by user fees in the FY11 budget by $106,202, a deficit filled with funds from the city's general fund. So far in FY11, the City of Angoon has generated an average of $4,600 in revenue from municipal services each month. Financial reports completed to the end of November 2010 indicate that while the city is operating within its adopted budget, expenses for the five-month period from July to November 2010 have consumed a significant amount of the city's operating revenues for the year. |