Utility Authority Operates at Loss

By: Libi Uremovic, June 19, 2014 | Original Article at Patch.com

Page 58 Note 14 Contingencies & Commitments Beaumont Utility Authority: States that no lease payments were made to the City because the Utility Authority operated at a $1 Million loss in 2013; 2012 reports a $1.5 Million loss.

Which begs the question:  how does an agency repeatedly operate at a loss and continue to operate?