Faced with a strong Canadian dollar, water district commissioners approved a resolution increasing the district’s Canadian funds account in order to pay their water bill.
District manager Dan Bourks told commissioners at their October 9 meeting that the account used to pay the Greater Vancouver Water District for the Point’s water, currently authorized with a $70,000 cap, wouldn’t have enough money in it to cover the $68,123 (CDN) bill for July. With the Canadian dollar trading a few cents higher than the U.S. dollar, the bill in U.S. currency came to $70,166.
“Just a few pennies on $68,000 is significant,” Bourks said.
In other business, commissioners reviewed the most recent version of a new policy to allow for voluntary termination of water service. Commissioner Scott Hackleman wanted further legal review of the proposed policy, concerned that once a property owner had paid their general facility charge to connect to the system, “we have to give them a guarantee of water.”