Auditor: Celina Utility Fund Down, Rate Study Possible

Auditor: Celina Utility Fund Down, Rate Study Possible

Auditor John Poole said Celina needs to look closely at its utility operations which saw its fund balance fall by some $300,000 in the last year. Poole said the utility fund currently has just $97,000. Poole said the utility department must turn a profit at least every other year or the city could be subject to state oversight. “By the time this audit is done, we certainly will have met that bad threshold,” Poole said. And sometime, late Decembe…