City still in the black, but profit down considerably

Profits from Fairhope’s three public utility departments are expected to be $2.5 million lower at the end of the fiscal year (Sept. 30) than were projected in the 2008 budget, according to city financial reports.

“All the (utility fund) revenues are down,” said City Councilwoman Debbie Quinn during a council finance committee meeting Tuesday.

The council is expected to approve adjustments in the 2008 budget during its regular meeting Monday based on reports presented this week by Treasurer Nancy Wilson and Financial Reporting Manager Rose Fogarty.

City still in the black, but profit down considerably