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City readies to separate funds, water plant approved by DNR

City Auditor John Gillum met with City Administrator Tony Stonecypher on Jan. 20 to discuss moving balances from the utility fund to separate electric, water, and sewer funds. A state audit performed in 2015 recommended the city establish separate funds and divide the utility fund into two funds: electric and a combined water/sewer fund or perhaps even into three separate accounts. These bookkeeping changes are intended to document revenue and

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