|
.MAY 2 1984
<br />RFVI:T+'UE
<br />Water
<br />Sever
<br />Connection fees
<br />Total
<br />BREEZY VILLAGE WATER 6 SEWER. CO., INC.
<br />STATEMENT OF INCO`X
<br />PROFORMA YEAR ENDED DECEMBER 31, 1983
<br />BOOK 59" PAGE 994
<br />M
<br />PRESENT RATES 1983
<br />111/83 - 6/30/63 7/1/83 - PROFORMA
<br />PER ADJUSIMENTS 12/31/83 1983 RATE AT PROPOSED
<br />BOOKS DR. CR. ADJUSTED PROJECTED PROFORMA ADJUSTMENTS RATES
<br />$ 3,785 $ 3,785 $ 3,145 (8) $ 6,930 4 16,188 (12) $ 23,116
<br />3,785 3,785 3,145 (8) 6,930 16,188 (12) 23,118
<br />1.500 1.50 (1) -0-
<br />9.070 1.500 7.570 6,290 13.860 32.375 .46,236
<br />OPERATING EXPE%SES
<br />Depreciation
<br />3,180
<br />$ 642 (2)
<br />2,538
<br />3,180
<br />(9)
<br />5,718
<br />5,718
<br />Electricity
<br />1,575
<br />1,575
<br />1,575
<br />3,150
<br />3,150
<br />Contract services
<br />1,490
<br />380 (3)
<br />1,110
<br />1,110
<br />2.220
<br />2,220
<br />Operator
<br />1,200
<br />1,200
<br />1,200
<br />2,400
<br />2,400
<br />Bookkeeping 6 office
<br />supplies, 883
<br />883
<br />883
<br />1,766
<br />1,766
<br />Repairs
<br />607
<br />380 (4)
<br />987
<br />2,867
<br />(10)
<br />3,854
<br />3,854
<br />Miscellaneous
<br />432
<br />432
<br />432
<br />864
<br />664
<br />Ground maintenance
<br />418
<br />418
<br />582
<br />(11)
<br />1,000
<br />I-0ODO
<br />Sludge removal
<br />250
<br />250
<br />250
<br />500
<br />500
<br />Telephone
<br />170
<br />170
<br />170
<br />340
<br />'340
<br />Chemicals
<br />120
<br />120
<br />120
<br />240
<br />240
<br />Professional fees
<br />1,500
<br />1,500
<br />1;500
<br />Insurance
<br />323
<br />323
<br />323
<br />Taxes
<br />450
<br />450
<br />450
<br />Rate case expense
<br />$ 1.500 (13)
<br />1,500
<br />Management fee
<br />1,300 (5)
<br />1;300
<br />1,300
<br />2.600
<br />2,600
<br />Auto expense
<br />520 (6)
<br />520
<br />520
<br />1,040
<br />1.040
<br />Payroll taxes
<br />43 (7)
<br />43
<br />59
<br />(7)
<br />102
<br />102
<br />Total
<br />9
<br />10.325
<br />2.243
<br />1,022
<br />11,546
<br />16,521
<br />28.047
<br />1.500
<br />24.567
<br />I1NCO (LOSS))
<br />S (}S�
<br />1 022
<br />$fes) 10 ?3)
<br />(14,207)
<br />30,876
<br />26,669
<br />PRnvISION FOR INCOME TAXES
<br />2,996 (14)
<br />2.996
<br />NET 7NCrn••SE1�ZZU)I_Zlj
<br />1$An
<br />RAT. BASE
<br />O 61
<br />RETURN ON RATE BASE
<br />�
<br />5;
<br />Mr. Strang stated that the above exhibit is ambiguous
<br />and very misleading since the first six columns are based
<br />upon usage at a 3,000 gallon minimum rate while in the last
<br />column under the proposed rates, they switch to a 2,000
<br />gallon minimum in order to show a lower profit. In
<br />addition, the pro forma figure of $13,860 for total sewer
<br />and water revenue for 1983 does not include any overages for
<br />those who use 4,000 or 5,000 gallons. Mr. Strang believed
<br />if these figures were corrected to represent 3,000 gallons
<br />throughout the exhibit, the anticipated income at proposed
<br />rates should be considerably higher than the $46,000 shown.
<br />He further felt the operating expenditure figure of $29,567,
<br />in the sixth column was very questionable, and if this
<br />105
<br />
|