09/21/2026
Bertie County Math: What does $1 million buy?
In FY2024, Bertie County’s Regional Water District brought in $2,876,352.
It paid $1,000,155 in debt service:
• $650,314 went toward principal
• $349,841 went to interest
That means about $350 out of every $1,000 brought into the water system went toward debt payments.
More than one-third of that $1 million did not reduce the debt at all. It paid interest.
At the end of FY2024, the Regional Water District still carried $10,748,339 in principal debt.
The good news is that the water system’s operating numbers improved. It went from a $156,498 loss in FY2023 to a $109,371 gain in FY2024.
That is progress.
But $10.75 million in principal debt still remains.
A water system cannot use the same dollar twice: once to pay yesterday’s debt and again to solve tomorrow’s water problems.