2017 Muddy Beach Financing – Commissioners Statement

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Commissioners Statement Regarding Water Usage Charges for the 2017 Muddy Beach Project

The background of the issue involving the project accounting and funding is summarized by the following description.

An accounting error took place with the recording of Muddy Beach project funding. This was caused by the wording of the Warrant Article that stated the funds for the project could come from the Capital Reserve or from the water fees. Two transactions were recorded that in effect double counted the funding of $42,000 to cover the appropriation. One charge was to the Capital Reserve and the other was inclusion in the calculation of the current year’s water fees. This situation was not discovered until after the audit of the financial statements had been completed.

The Board of Commissioners will rectify this situation by returning $42,000 to the Capital Reserve from the operating account, and also want to stress that no over-charge took place in the water billing.