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s <br />TUESDAY, SEPTEMBER 27, 1977 <br />THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA, MET IN SPECIAL SESSION AT THE COURTHOUSE, VERO BEACH, <br />FLORIDA, ON TUESDAY, SEPTEMBER 27, 1977, AT 3:00 O'CLOCK P.M. PRESENT <br />WERE WILLIAM C. WODTKE, .JR., CHAIRMAN; ALMA LEE Loy, VICE CHAIRMAN; <br />WILLARD W. SIEBERT, JR.; EDWIN S. SCHMUCKER; AND R. DON DEESON. ALSO <br />PRESENT WERE .JACK G. .JENNINGS, COUNTY ADMINISTRATOR; GEORGE G. COLLINS, <br />JR., ATTORNEY TO THE BOARD OF COUNTY COMMISSIONERS; AND VIRGINIA <br />HARGREAVES, DEPUTY CLERK. <br />PRESENT REPRESENTING MID -FLORIDA UTILITIES, INC., WERE B. <br />KENNETH GATLIN, ATTORNEY; CARROLL WRIGHT, VICE PRESIDENT AND GENERAL <br />MANAGER OF THE SOUTHEAST REGION OF GENERAL WATERWORKS, INC.; DAVID <br />COFFEY, ACCOUNTANT; AND IRA MCALLISTER, LOCAL MANAGER FOR MID -FLORIDA. <br />THE CHAIRMAN CALLED THE MEETING TO ORDER AND ANNOUNCED THAT <br />THIS IS A SPECIAL MEETING CALLED TO CONTINUE THE PUBLIC HEARING IN <br />REGARD TO A RATE INCREASE FOR MID -FLORIDA UTILITIES, INC., WHICH WAS <br />RECESSED AT THE MEETING OF SEPTEMBER 14, 1977. <br />CHAIRMAN WODTKE ASKED THE APPLICANT TO RESPOND TO SOME OF <br />THE QUESTIONS ASKED BY THE BOARD AT THE EARLIER MEETING AND TO SUPPLY <br />THE ADDITIONAL INFORMATION REQUESTED. <br />ATTORNEY GATLIN INTRODUCED .JOHN LANG, ASSISTANT REGIONAL <br />MANAGER FOR GENERAL WATERWORKS, AND PRESENTED AS EXHIBIT 13 A <br />PRO -FORMA STATEMENT OF INCOME FOR MID -FLORIDA UTILITIES, INC. <br />EXHIBIT 13 WAS ACCEPTED AND IS ON FILE IN THE OFFICE OF THE CLERK. <br />ATTORNEY GATLIN ASKED MR. LANG IF HE IS FAMILIAR WITH EX- <br />HIBIT 2, ACCOUNTING DATA PRESENTED BY MR. COFFEY, AND IF IT WAS PRE- <br />PARED BY MR. COFFEY UNDER MR. LANG'S DIRECTION. MR, LANG ANSWERED <br />THAT HE WAS FAMILIAR WITH IT, AND IT WAS PREPARED UNDER HIS DIRECTION. <br />ATTORNEY GATLIN NOTED THAT THE BOARD HAD A QUESTION ABOUT <br />THE RETAINED EARNINGS FIGURE IN EXHIBIT B OF THE ACCOUNTING DATA AS <br />COMPARED TO THE FIGURE IN EXHIBIT H AND ASKED WHAT IS THE CORRECT <br />ANSWER. <br />MR. LANG ANSWERED THAT MOST OF THAT INFORMATION WAS GATHERED <br />TOGETHER FOR MR. COFFEY, AND THE FIGURES GIVEN HIM HAD SOME ERRORS, <br />HE STATED THAT THE CORRECT FIGURE FOR RETAINED EARNINGS AS OF 12/31/76 <br />IS THE ONE DISPLAYED ON EXHIBIT B OR $101,160, MR, LANG CONTINUED <br />EP .2 71977 <br />