Mona's sewer fund ran a $293,110 operating loss and received $233,000 from the general fund

Mona's sewer utility had a $293,110 operating loss in the fiscal year that ended June 30, 2025, according to the city's audited financial statements. Sewer service charges brought in $498,886. Operating expenses were $791,996, of which $464,487 was depreciation, an accounting charge for the wear on the system rather than a cash payment. ^[1]

With $35,358 in impact fees and interest and a $233,000 transfer from the general fund, the fund's net position fell by $24,752 for the year. ^[1]

Transfers and interfund balances

The general fund's original fiscal 2025 budget listed no transfers out. The final budget and the actual figures each show $233,000. ^[4]

At June 30, 2025, the sewer fund listed $253,253 "due to other funds," and the natural gas fund listed the same amount "due from other funds." The sewer fund reported no unrestricted cash, $295,000 in restricted cash and an unrestricted net position of minus $237,951. ^[2]

The cash flow statement shows the sewer fund's operations provided $182,678 in cash. It took in $440,177 through interfund activity and paid $418,213 for capital assets and $240,000 in bond principal. ^[3]

The sewer bond

The 2010 sewer revenue bond, originally $7,350,000, had $4,535,000 outstanding at June 30, 2025, with $243,000 due within a year and final maturity on March 1, 2042. The audit lists no interest rate for it. ^[5]

The audit says the city pledged sewer revenues to repay the bond and that annual principal and interest payments are "expected to require less than eighty percent of the total sewer revenues." ^[5]

The budget ahead

The fiscal 2026 budget column in the city's State Budget Report lists a $243,000 transfer from the general fund to the sewer fund. The fiscal 2027 column lists none, on both the general fund and sewer fund pages. ^[6][7]

For fiscal 2027 the report budgets $500,000 in sewer service charges and $1,008,300 in operating expenses, including $480,000 of depreciation and $300,000 for materials and supplies. The budgeted operating loss is $503,300, and the fund's budgeted bottom line is minus $470,250. ^[6]

These are budget figures, not results. ^[6]