Jan 20, 2014 3:40 PM by Tina Macias
Two Lafayette Parish cities should consider raising their sewage rates after their separate sewer departments lost thousands of dollars last year, according to financial audits released today.
An independent audit for the City of Scott shows a $97,432 loss for Scott's sewer department in the fiscal year that ended June 30, 2013. That's less than the 2011-12 loss of $186,638, but sewer expenses were still about a quarter over revenues, according to the audit.
An audit for the City of Youngsville shows a $131,387 loss in the sewer department, and expenses about 20 percent over revenues.
The city of Scott increases rates annually, and Youngsville government will evaluate expenses and charges and could make changes, according to cities' responses.
The Youngsville audit also notes that the city could be missing out on revenue by leaving $6.9 million in non-interest bearing bank accounts, and recommends investing that money. Issues with internal controls were also noted -- several bank accounts were not being properly balanced, and the city may be using outdated financial software to accommodate its growing size, according to the audit.
1 hour ago