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NOV <br />8 1984 <br />BOOK <br />58 <br />F 'Ut. 807 <br />the rate <br />schedules may seem rather high due to the fact <br />that <br />there are only 87 customers on the system. He pointed out that <br />even if the number of customers doubled, it would only increase <br />the cost by approximately 25-30%, but there are certain fixed <br />expenses that must be met regardless of the number of customers. <br />Chairman Scurlock understood then that Dr. Wilson went into <br />the partnership for the purpose of land development and the water <br />and sewer systems came with the package. <br />Attorney Brandenburg swore in Lorne W. Hunsberger, rate <br />consultant retained by the Utility, whose credentials were made <br />part of the record. Mr. Hunsberger advised that he is a <br />Certified Public Accountant in Florida and Tennessee and has been <br />working with financial matters in regard to water and sewer <br />utilities since 1968. He holds a Class B Practitioner's License <br />to practice before the Florida Public Service Commission, which <br />recognizes him as an expert. He has been involved in <br />investigating rate packages both as a franchise consultant and as <br />a city/county staff member. Mr. Hunsberger requested that <br />Exhibit "H" be made part of the record - Breezy Village Water & <br />Sewer Co., Inc. Indian River County Rate Case Revised Financial <br />Exhibit Proforma Year Ended December 31, 1984, which includes the <br />following material. <br />Page 1 - Accountant's Compilation Report <br />Page 2 - Proforma Rate Base - December 31, 1983 <br />Page 3 - Statement of Income <br />Proforma Years Ended December 31, 1983 and 1984 <br />Page 4 - Income Statement Adjustments <br />5 IN <br />" <br />6 it IT <br />Page 7 - Return on Rate Base <br />Page 8 - Present and Proposed Rates <br />Letter dated 7/20/84 to Joseph A. Baird from Lorne W. <br />Hunsberger, P.A. <br />Letter dated 6/5/84 to Breezy Village Mobile Home Park <br />from B & B Utilities <br />Mr. Hunsberger explained that CPAs basically look at things <br />after they happen and then give an opinion that the statements <br />are fairly presented. In working with water and sewer companies, <br />CPAs look to what might happen in the future but cannot give an <br />4 <br />