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BREEZY VILLAGE WATER & SEWER CO., INC. <br />PROFORMA RATE BASE <br />DECEMBER 31, 1983 <br />SL <br />BOOK <br />Land <br />87 <br />$ 7,000 <br />Wells <br />Total potential customers <br />11,162,,,- <br />1,162„,'Water <br />Waterand sewer <br />plants <br />30,000, - <br />Water and sewer <br />lines and lift station <br />111,7171” <br />Generator <br />98 <br />4,075` <br />Improvements to <br />sewage plant lines <br />8,640 <br />Deep well turbine (submersible) pump- <br />6,422 (1}_ <br />Accumulated depreciation <br />(51,038)loo- <br />Net utility <br />plant at original cost <br />127,978 <br />Used and useful <br />adjustment (11.7%) <br />(14,973) (2) <br />Contributions in aid of construction (CIRC) <br />(12,750) <br />Amortization of <br />CIAC <br />1,377 <br />Imputed CIAC <br />(52,500) <br />Amortization of <br />imputed CIAC <br />10,694 <br />Net utility <br />plant used and useful <br />59,826 <br />Working capital <br />allowance <br />3,560 <br />Rate base . $ 63,386 <br />(1) Deep well turbine (submersible) pump in well must be replaced. Per <br />McCullers & Howard Well Drilling, the cost will be $6,422. <br />(2) Present customers <br />87 <br />Vacant lots <br />24 <br />Total potential customers <br />111 <br />Excess capacity percentage <br />10% <br />Excess capacity allowance <br />11 <br />Present customers <br />87 <br />Used and useful <br />98 <br />Reserve for future customers <br />13 11.7% <br />Total <br />T <br />Mr. Hunsberger explained how he arrived at $127,978 for "Net <br />utility plant at original costs". The basic item that must be <br />dealt with when working with a utility is "original cost." <br />When that utility is subsequently purchased, the uniform system <br />of accounts put out by NARUC states that you must record on the <br />books of the purchaser the original cost of the person first <br />designating those assets to public service. Therefore, the <br />original costs received from the Mr. Karr, the original owner, <br />are shown on Page 2. A copy of the depreciation scheduled out of <br />the tax rate was given to staff and they understand where these <br />14 <br />