What is Water Surplus?
Water Surplus meaning in finance terminology / glossary / dictionary is:
For water departments operating under MGL Ch. 41 §69B, any unspent water appropriations or revenues in excess of estimated water receipts close-out to a water surplus account.Water surplus may be appropriated to fund water- related general and capital expenses or to reduce water rates.
reference: Massachusetts Department of Revenue: Municipal Finance Glossary, May 2008