What is an enterprise fund?

 An Enterprise Fund supports all its expenses through the revenues generated by the organization, like a private business enterprise. The cost of providing water and sewer services to our utility customers is recovered or financed through charges to the users of these services. These costs are paid entirely by current and future water and sewer customers. Although we operate like a private business enterprise, there is one key difference - we do not generate any profits. All revenue received goes to pay expenses. Balances in any account are utilized to meet current or future financial requirements.

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1. Is the Town looking into grant funding for the needed Wastewater and Water Treatment Plant Expansions?
2. Will the bond for the Wastewater Treatment Plant go to the voters or to the trustees?
3. If voters approve, can sales tax from Marijuana be used for the water fund?
4. What is a sinking fund and is it necessary?
5. Why can’t we use general fund money for issues related to water?
6. What is an enterprise fund?
7. Is the Town going to slow growth to accommodate for the water and wastewater capacity challenge?
8. What is an impact fee and how does it work?
9. What is the 2-year and 5-year plan for addressing treatment capacity issues?
10. Why do we need an expansion at the Wastewater Treatment Plant?
11. If growth was just stopped, would we need a wastewater plant expansion?
12. What will we do between now and 2024 when the wastewater plant comes online?