Laserfiche WebLink
Referring to Page 3 - Statement of Income - Mr. Hunsberger <br />explained that the first column shows the actual figures used <br />through June, 1983 and Column B shows the figures on the books <br />from July 1, 1983. The last two columns reflect the proforma at <br />proposed rates for 1983 and 1984, assuming that nothing changed <br />from 1983 to 1984. Mr. Hunsberger then reviewed each of the <br />Adjustments shown on Page 3. <br />BREEZY VILLAGE WATER & SEWER CO., INC. <br />INCOME STATEMENT ADJUSTMENTS <br />PROFORMA YEAR ENDED DECEMBER 31, 1983 <br />( 1) <br />Connection fees are not income, but are Contributions <br />in Aid of Construction (CIRC) <br />(1,500) <br />( 2) <br />Depreciation is adjusted as follows: <br />Reduction in expense to agree with depreciation <br />calculated by rate consultant <br />395 <br />Amortization of CIAC <br />247 <br />(642) <br />( 3) <br />Remove repairs from contract services - plant operator <br />(380) <br />( 4) <br />Contract services - plant operator - <br />Contract with B & B Utilities for 5 day per week <br />monitoring of plants, mowing and meter reading - <br />$750 per month - 6 @ $750 <br />4,500 <br />Cost per books <br />1,110 <br />3,390 <br />( 5) <br />Contract services - accounting - <br />Contract with Block Business Services <br />• <br />Monthly accounting and tax returns - per month <br />90 <br />Utility billing and making deposits - per month <br />180 <br />Total per month <br />270 <br />Months <br />12 <br />Total per year <br />3,240 <br />CPA <br />Prepare financial statements for submission <br />to County as required by franchise and <br />prepare annual report for submission to County <br />750 <br />Total accounting <br />3,990 <br />1/2 year <br />1/2 <br />Accounting for six months <br />1 <br />1,995 <br />( 6) <br />Remove amount paid to Jim Wilson as operator due <br />to contract with B & B Utilities <br />(1,200) <br />( 7) <br />Remove billing from office supplies due to <br />contract with Block Business Services <br />(750) <br />( 8) Add repairs removed from contract services <br />plant operator 03 above) <br />( 9) Reduce miscellaneous expense to $200 per agreement <br />with staff <br />(10) Eliminate ground maintenance as contract with <br />B & B Utilities includes mowing <br />0 <br />380 <br />(232) <br />(418) -- <br />80®71 �'r�" <br />