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<br />. Shows'm19lftnual Audit 'Rep
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<br />, , 'pte Water Conservancy Dis- going from $106,562 in 1965 to erating report for February, bel'. went up t'o270;200:'gallpns
<br />. '\ triet showed steady growth duro $107,006 in 1966, With the installation of 25 me, in January, about 93,000 gallo',}s'
<br />- iug 1966 in number of custom. For the year, the water op- ters in ~e~r?ary thee total num~ higher than JanuarY"a'year.ago.
<br />" ers and water, sales, according el'ating margin" of incom, e over ber of mdlv.ldual and bulk cus- W t ',hi h: .:- t.
<br />, t ' d t 2237 "h a er usage, we, amoun,
<br />~'..' to ,the auditor's repprt presel)t- expenses was $296.837. compar~ omers was falSe,. 0, ,W,lt " .. , . ,,','"
<br />. ed tothe board of directors last ed with $167,192 in 1965,01' an in, the 15 bulk customers servmg, ed to 19,284,127 gallo,\smJan.,
<br />week, crease there of $129,645, 1,278 cust'omers, uary, was up about 3;500,000. gal'l
<br />'. w a: t 'e r sales increased. by Other. income, from interest, Water ,usage, which ,had drop~ Ions fro~ the same." mo~~h.. ~ 1'7~;'"
<br />'more than 140,million .gallons nh d"'.. d t ' ped to 247.350. gallons m Decem- year earher" ,
<br />, mer"',uan Ismg a n proper y .-
<br />" over 1965, total customers serv, taxes., amounted to $86,214 ,last F',<,'
<br />ed individually and through year, compared with $73.622 the! '.,
<br />. companies purchasing' in bulk, previous yea'r, or an increase
<br />increased by 462. and revenue of $12,592,
<br />"" from water sales increased by As 'yet. the district has not
<br />more than $132,000, been able to establish, the mini, :
<br />After figuring ,interest cost of mum balance of $480..000 in the
<br />$345.000 on the $9,20.0,000 worth bond and ,interest'sinliirig!und':,
<br />01 bonds whicb the district sold, whieh is required by the bond
<br />'"., $837 for amortization of debt ex: !ndentur,e, but the fund is grad,
<br />'.',pense. and deducting deprecia. uaJl:\, being built up,
<br />.' .lion cbarges of $214.783. the dis, Aso! Dee, 31, following pay.
<br /><':' '}ric,t showed a net loss of $117.- ing of'the semi-annual interest: ~' -
<br />569 for the year, as compared in the amount of $172,500, tbere
<br />':;with a net loss of $239,885 in was $314;407 in the fund, which
<br />-; ',,"' 1965. was an increase of $53.664 over
<br />. . Current expectations are that the fund balance a year' ear~
<br />.': the district should reach a lier. '
<br />, ;>":'''.: "break-even" point, incJuding The first four bonds. totaling"
<br />. \"_',~depreciation charges, in abo4t $20,000, will not mature .until
<br />"',i"two more years at present rates 1969, ' I
<br />..-'-~of growth. Residential customers make I
<br />Including 15 bulk cllstomers, up, more than half of the total 'I
<br />Ute ended the year 1966 with a customers for the district, with
<br />'. :'total of 2.214 customers. with 1,435 of those at the end of 1966,1
<br />the bulk bu;'ersserving 1,276 Next largest nu m b,e r are I
<br />,;individual customers. .those in the residential' and urn-I'
<br />"., Out of tbe 320..170,041 gallons ited agricultural areas, 614, Ag, ,
<br />'~.'of water which Ute sold last ricultural and limited resideD-I'
<br />, ,year, 95,785.648 gallons went to tial amount to 72 customers;'
<br />the bulk customers for distribu-, commercial. ~8; large cammer-.
<br />tion through their own lines, cial 8. indostrial .1; schools,
<br />Metered water sales to ~us~ clubs and churches, 11;, and
<br />" tomers, of course, furnished, the bulk, 15. '
<br />;.:, major portion of the income for In addition to hearing the au-
<br />'., the' district. These sales in 1966 ditor's report, which was pre-
<br />,", amounted to, $361,919, compar' sented by Jerry Chadwick for
<br /><! ed with $229,442 in the previous John E, McNulty. certified pub,
<br />year. lie. accountant. the board receiv- r ,
<br />Despite the large increase in ed the first part of the monthly II,
<br />, ..; water sales, operating expens- opel;ation report for February, , '
<br />. es had increased by' only $444. and the second part of the op.:'
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