HAMILTON - The Northwest Alabama Gas District (NWAGD) is continuing to grow in profitability.
Gas district accountant Greg Guin presented the Fiscal Year 2019 audit during a NWAGD board meeting on Monday, March 2, telling the board there is $1.6 million available to be declared as ANDI monies, which stands for “annual net distributable income.”
As the gas district is equally owned by six-member municipalities —Guin, Hackleburg, Hamilton, Haleyville, Sulligent and Winfield—each spring, an ANDI disbursement of $500,000 from the gas district’s profits are distributed among the respective cities and towns.
ANDI checks will be presented during the board’s next meeting on Wednesday, April 1.
See complete story in the Journal Record.