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Nov 8 1984 pp <br />BdOK 58 `x.831- <br />REVISED SUMMARY PER MOSBY-ROBBINS AND ASSOCIATES, INC. <br />Utility Revenues Recommended: <br />Fixed expenses $16,523.67 <br />Variable expenses 14,738.64 <br />Total Revenue Recommended $31,262.31 <br />Revenue generated by recommended rates: <br />87 x $29.94 x 12 $31,262.31 <br />Revenue Differential -0- <br />Mr. Robbins reviewed the Rate Structure Calculations shown <br />on Pages 13, 14 & 15 and explained that based on their analysis <br />they have come up with the following conclusions: <br />1) The maintenance history of the Utility is poor; <br />2) The rate base that they have prepared is higher than <br />requested by the Utility; 3) The homeowners' expense summary <br />is considerably lower than <br />the Utility requested; <br />4) The rate structure presented by the Utility is totally <br />unacceptable; <br />In conclusion, Mr. Robbins recommended that the Utility be <br />allowed to establish a revenue allowance of $31,262.31, that the <br />Board consider the rate structure prepared by Mosby -Robbins, that <br />the Utility be required to submit a revenue extension with future <br />submittals and that the Utility be audited at the end of the year <br />to determine if there are excess revenues and if so, that they be <br />adjusted accordingly. <br />Attorney Collins advised that they have finished their <br />testimony. <br />Attorney Henderson wanted it understood that the Utility is <br />not here today claiming that their rate structure will accurately <br />produce the revenues which they are seeking. They are here today <br />to ask the Board to approve a revenue level to meet expenses and <br />a rate of return, and they fully expect the Utility Services <br />Dept. to custom fit that to a rate structure. <br />28 <br />