![]() ![]() Section 5: OPA Board Subject: Bulkhead Rates Msg# 1222190
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Bloated reserves?
Thanks for your OPINION. |
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For reference, the above message is a reply to a message where: Joe: Well then perhaps you can bring us up to speed? There is $370,291 spent last year on two not budgeted projects alone. Then there is $1,423,437 shown as transferred surplus. That accounts for less than 50%. My guess is the balance is spread out in our bloated reserves and “on the books”. Marty |
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