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9/14/1977
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9/14/1977
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7/23/2015 11:28:40 AM
Creation date
6/11/2015 8:53:59 AM
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Meetings
Meeting Type
Special Call Meeting
Document Type
Minutes
Meeting Date
09/14/1977
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S. <br />CHAIRMAN WODTKE NOTED THAT THEY DID NOT SEEM TO HAVE BEEN <br />ABLE TO ATTRACT THE CAPITAL FOR OUR LOCAL SYSTEM, <br />MR. MULLE NOTED THAT THE INVESTOR PUTS THE CAPITAL WHERE <br />THE GREATER RETURN IS AVAILABLE, <br />THE CHAIRMAN POINTED OUT THAT WHEN THEY TALK ABOUT THE <br />$400,000 EXPENDITURE, THEY DON'T SPREAD THAT OVER THE WHOLE COMPANY, <br />BUT PUT THE COST ONLY ON THIS LITTLE SYSTEM. <br />CHAIRMAN WODTKE ASKED MR. COFFEY TO EXPLAIN THE DIFFERENCE <br />IN THE RETAINED EARNINGS FIGURE SHOWN ON EXHIBIT B AND EXHIBIT H,- <br />$101,000 AS COMPARED TO $3$,000. <br />MR. COFFEY AGREED THERE IS A DISCREPANCY IN THESE FIGURES <br />AND STATED HE WILL HAVE TO CHECK HIS RECORDS. <br />CHAIRMAN WODTKE ASKED IF $25,000 IS HIS ESTIMATE OF WHAT <br />THIS RATE CASE WILL COST, <br />MR. COFFEY STATED THAT IT IS AN ESTIMATE OF THE RATE CASE <br />COST AND WILL BE ADJUSTED TO THE ACTUAL FIGURE WHEN ALL THE BILLS COME <br />IN. <br />COMMISSIONER SIEBERT ASKED MR. COFFEY TO EXPLAIN BRIEFLY <br />SOME OF THE EXPENSES INCLUDED UNDER THE OPERATING EXPENSES FOR TRANS- <br />MITTING AND DISTRIBUTION. <br />MR. COFFEY STATED THAT THESE ARE GENERAL CLASSIFICATIONS <br />AND COULD INCLUDE THE COST OF CHEMICALS OR ANY INGREDIENTS THAT HAVE TO <br />BE ADDED TO THE WATER, MAINTENANCE DONE ON THE DISTRIBUTION LINES, AND <br />ANY LABOR INVOLVED, ETC. <br />COMMISSIONER SIEBERT STATED THAT HE BELIEVED THE TESTIMONY <br />INDICATED NO MAINTENANCE ON THE DISTRIBUTION LINES. <br />MR. WRIGHT STATED THAT IF HE HAD GIVEN THE IMPRESSION THERE <br />WAS NO MAINTENANCE GOING ON, HE HAD NOT MEANT TO. <br />DISCUSSION CONTINUED IN REGARD TO CUSTOMER ACCOUNTING AND <br />COLLECTIONS AND MR. COFFEY STATED THAT THE COLLECTION OF ACCOUNTS IS <br />HANDLED IN WINTER PARK BY MR. OVERSTREET. <br />SEp 14 1977. <br />"Or# 31 PAu 54 <br />I <br />25 <br />SEp 14 1977. <br />"Or# 31 PAu 54 <br />I <br />
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