The message by Fairbury City Auditor Brian Blobaum was clear: Fairbury's electric fund is losing big money and despite the recent inclusion of incremental rate increases it's not enough to stem that tide.
On Tuesday Blobaum gave a financial report to members of the local city council that included, among other things, the financial health of the various utility funds.
He said that while the water and sewer portion of the utilities are profitable and have been annually, it is the electric fund that continues to drain financial coffers. For the year ended 2014 the City of Fairbury posted a loss of $1,133,668 in the Light Department.
That is the highest annual loss in the city's history.
Blobaum said this marks the third consecutive year that the utility has lost money. They also finished in the red $436,392 in 2013 and $65,593 in 2012. The auditor blames rising labor costs and cost of purchasing power as the culprit.