WG&L's Revenues Trending above Budget
Press release from the issuing company
Friday, December 3rd, 2010
Revenues continue to trend above expenditures despite a rough month for the Albany Water, Gas & Light Commission's Water department, the utility's finance director said Thursday.
John Vansant III told board members that the utility as a whole was still $1.6 million better than budget predictions for the year thanks to a strong showing in WG&L's light department.
WG&L ended the month of October better than budgeted but the figures were buoyed by the initial $400,000 payment made on the sale of roughly $1 million worth of propane tanks. For October, the utilty ended the month $150,000 above budget.
