Leadership

Ending the Year with a Surplus

Issue 26 and Volume 73.

Ending the Year with a Surplus The news brings accounts every week of water works departments through the annual reports of their commissions or superintendent or in other ways, announcing that the fiscal year has closed with a substantial surplus on the books. This is as it should be. There is no reason, given ordinary circumstances, why a water works department should not show a workable surplus on its books every year at its close. Of course, there are special circumstances in the history of every water works—such as large additions to its plant, heavy obligations to be made or some unforeseen accident or happening—that may wipe out this surplus and even produce a deficit for the year, through no fault either of the department or its management. But this is a fairly unusual condition and ordinarily can be avoided. Where the water works is not independent or its funds…

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