CUC board approves $90M budget

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THE Commonwealth Utilities Corp. board on Wednesday approved a $90,230,000 budget for fiscal year 2021.

The amount is $39,503,000 lower than the previous budget.

“It is a balanced budget,” CUC Executive Director Gary Camacho said, referring to the FY 2021 budget.

The board members who approved the budget were chairwoman Miranda Manglona, vice chairman Weston Deleon Guerrero, Matthew Holley, Ignacio Perez, and Jovita Paulino

Included in the budget is a $175,000 allocation for the acquisition of a bucket truck for Rota, Camacho said, adding that CUC needs to get payment from its clients so it can stay within budget.

 

 

The Commonwealth Utilities Corp. board met on Wednesday with chairwoman Miranda Manglona presiding. The other board members attended via videoconference. Photo by Junhan B. Todino

The central government, he added, still owed CUC $8 million after making a payment of $1 million in April while the unpaid utility bills of the Commonwealth Healthcare Corp. totaled $40 million.

“We are working closely with the secretary of Finance to reconcile some of the government accounts,” Camacho said, adding that Finance Secretary David Atalig has made assurances that CUC will be paid.

Camacho said CUC is hoping that CHCC can pay at least a portion of its outstanding utility bills.

But, he added, CUC will also see to it that its ability to operate amid the pandemic will not be affected by CHCC’s non-payment.

 

 

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