Gas company to distribute funds
South Alabama Gas to give its member cities surplus; Flomaton to receive $3,229
February 21, 2019
South Alabama Gas (SAG) District’s board of directors unanimously agreed to allow the company to distribute $450,000 of the surplus revenue it has retained from previous years to its member cities and towns.
During Monday’s board meeting in Monroeville, the board was told that, according to state-mandated calculations, the district didn’t have enough revenue in fiscal year 2018 (FY18) to make any distributions to its member cities and towns.
However, Neal Covington, a partner with the accounting firm of Andreoli, Robertson and Covington in Bay Minette, said SAG’s board could approve...