The financial condition of the West Central Conservancy District is strong and customer rates remain adequate.
A new report from O.W. Krohn & Associates, LLP, shows that the financial condition of West Central Conservancy District remains strong and the rates charged to its customers for the collecting, purifying and restoring of wastewater remain adequate to cover costs. Those costs include all operational costs and the debt service on monies borrowed in 2002 to provide infrastructure upgrades and facility improvements. District Manager Ron Goff said the report confirms that a rate increase is not anticipated in the foreseeable future.
Goff said this is true even though growth in the service area has slowed considerably. The review reveals that the area experienced significant growth up to the point of the economic breakdown in 2007. The graph shows that from 2003 to 2006, the District gained approximately 500 to 600 new customers each year. In 2007, the number of new customers began to decrease each year to a low of only 219 in 2009.
The periodic financial review was performed at the direction of the District's Board of Directors.
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