Haleyville Water and Sewer Board

HALEYVILLE - A good fiscal year with sound accounting gave the Haleyville Water Works and Sewer Board a satisfying review of their finances by Rick McCabe, CPA, of McCabe and Associates of Fayette. The review was given at the regular monthly meeting Tuesday, Feb. 25. The finances were in great shape, according to McCabe, allowing the board to adopt a resolution for a clean water state revolving fund revenue bond.

HALEYVILLE - If a utility has an operating expense increase, they have one of two options: absorb the loss or pass the cost on to their customers. To keep the same status, several water utilities in the area are passing the cost on to the customers.

HALEYVILLE - When the Haleyville Water Works and Sewer Board did not receive the principal forgiveness of $500,000 on a $1.5 million loan, not all of the items could be completed at this time. The HWWSB approved a resolution for one of the scenarios given by Engineer Calvin Cassady in the amount of $1,182,100, at their meeting, Tuesday, May 28, for the 2019 “Clean Water State Revolving Fund” loan.

HALEYVILLE - A net loss for the Haleyville Water and Sewer Board is due to depreciation according to an audit by Rick McCabe, owner of McCabe and Associates of Fayette, it was learned at the recent board meeting on Tuesday, July 24.