However, a significant amount of those expenditures were capital outlaw projects that will stand in long-term service to the city, the city’s independent auditor told the City Council last week.
Russell Champagne noted that the cost of new roads, a new water plant, new water tower and emergency generators contributed to the $6.7 million in expenditures for the fiscal year ending June 30.
Revenues for the same period were 7.4 million.
Improvements to the water system infrastructure were reflected in is less water loss, Champagne said.
The water department continues to lose money, however, and if it continues to do so over the next couple of years, Champagne said he would recommend either cutting expenses or raising rates.
Municipal utilities are supposed to pay for themselves.
Overall, the city got a clean audit report, which means the bookkeeping is up to par with accounting standards.
Mayor Jack Dale Delhomme reported that sales tax collections for September were $211,296.71, over the amount collected in September 2009 by $5,675.17.
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