|The City of Wales adopted its FY13 budget and a copy was submitted to the Division of Community and Regional Affairs, Community Aid and Accountability Section. The Wales Water System FY13 budget has not been fully developed. For instance, in the enterprise section of the city budget there is a revenue line-item listing the bulk water sales of the utility. However, the city budget does not include the operation and maintenance expenditures related to the utility. The washeteria budget for FY13 lists both revenues and expenditures but the budget is not balanced. The city, the utility, and washeteria have not prepared monthly financial reports and do not submit them to the city council. RUBA staff has provided the mayor and city staff with a sample monthly financial report in Excel spreadsheet format, but the city has not yet implemented it.
According to the city mayor, the city keeps up to date with the utility and washeteria electricity bills, but no invoices were produced when RUBA staff requested such information. According to the city mayor, about 5,000 gallons of diesel was ordered and delivered for the year and the city has about 10,000 gallons in its reserves. 15,000 gallons is adequate for remainder of the year.
Since the city and its public service department, including WWS and washeteria, do not use monthly financial reports, it is unknown whether the year-to-date (YTD) revenues and expenditures are balanced. According to the city mayor, the city council continues to provide a large subsidy for the trash and honey-bucket haul services using funds from Norton Sound Economic Development Corporation's annual Community Benefits Share Program.|