Reduction in debt was the bottom line of the audit report presented by Tracey Jelly at Wednesday's Sheridan Area Water Supply Joint Powers Board monthly meeting. SAWS Board Secretary Steve Maier says changes to the administration is what helped reduce debt by $242,000.
The audit showed that SAWS generated $386,000 in cash from operations for the ended June 30, 2011. The cash was used to reduce debt by $242,000. The Board also invested $528,000 in additional infrastructure.