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February 4, 2021
For the first time in recent memory, the Town of Century’s gas fund has actually recorded a profit for a month without the need to borrow operating cash from another department.
During the month of December, the gas fund had a $10,621 profit. Most months, including previous winters, the fund loses money and money is transferred in from special revenue, gas and garbage funds to keep the gas department afloat. In October and November, $52,404 was transferred to the gas department from other fund sources to cover losses topping $37,000.
During the four-year period ending in September 2019, Century’s gas department losses topped $1 million. That prompted the town to get to work replacing inaccurate residential and commercial meters and working on inaccurate billing. ....

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