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City Approves Proprietary Budget

The proprietary budget for the City of Fairbury was approved by the City Council at a meeting the evening of Tuesday, April 19, 2022.A municipality's proprietary funds are those funds used to account for a government's ongoing activities that are similar to businesses found in the private sector. These funds are considered self-supporting in that the services rendered by them are generally financed through user charges. The City's Proprietary Budget includes three separate utility operations: electric, water, and wastewater. The revenues received through these utilities can also be transferred to the General Fund if excess funds exist. This ...

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