Winamac Clerk-Treasurer Melanie Berger reviewed the findings from Umbaugh’s budget report when town council members met last Monday.
The town’s financial advisors at Umbaugh looked at the current rates for the electric, water and wastewater utilities and then provided a projection of whether or not current rates will be able to sustain the accounts over the next five years. They also indicated whether or not the utility would see a positive or negative cash flow. Continue reading