Decatur Daily Democrat, Volume 28, Number 59, Decatur, Adams County, 10 March 1930 — Page 3

I Annual Report Annual Report City Os Decatur City Os Decatur Water Works Electric Works lalance Sheet as at Dec. 31,-1929 Balance Sheet as at Dec. 31,-1929 SBI * —- s I ASS KT S ' ASSETS I I ■ RRENT CURRENT (38 340 96 ■ r . B . nkg ... . . $ 1.033.78 Cash in Bank. .. - - ~0,7001 ’ ■ ” ts Receivable—Consumers .... $ 6,548.41 Accounts Receivable Consumers - - * 1 000 00 18 379 91 ■ less Reserve for Doubtful Accounts .. - 100 00 6.448.41 LESS Reserve for Doubtful Accounts ... 1,000 - 8,3 II Account. Receivable - Miscellaneous ... 55.00 Accounts Receivable—Decatur Water Work. Si il -Material ana Supplies 2.134.87 Inventory—Material and Supplies Lnn on ' ——— Inventory — ■ Coal - —$ 9.672.06 $07,554.63 BpRECIATION RESERVE FUND r« , , . $ 2,697.67 DEPRECIATION RESERVE FUND & M Certificates of Deposit .. | $57 924 50 Certificates of Deposit . I Reserve for Depreciated I'lXEI) Hit Cost Depreciation Value _ Reserve for Depreciated SI i an H ........... — $13,720.00 $13,720.00 Cost Depreciation Value ■'’‘•fluMd"nas 13,048.77 $ 1,130.39 11.918.38 .S' WAi *SB ’2JSS Ibbsucs’ rr' • ~ss. -s *ss sr sss ass ’sshu ■ r .. ssssr sa sa? s:s:a tsk isk Hydrants - 6,784.33 1.060.65 5.723.68 Ky Equipment" ' 970.45 48525 48520 Meters * S MW* 2 ’ 0 90.43 4.49,.14 Office" ' ' '•'«* AMntt Utility Equipment 776.90 465.14 311.76 Tools - - ’’Bl6-91 45206 1 - 36485 General Office Equipment 7' I 'Sslsa 267.71 3475,299.34 $99,640.40 $375,658.94 $219,630.53 $29,220.12 $190,410.41 PEERED • DEFERRED 00 Unexpired Insurance • $ 619.57 Unexpired Insurance ■■■ ■ -- Operating Supplies .... 817.16 1.436.73 $202,868.48 $502,57470 LIABILITIES RRENT ' LIABILITY E S Accounts Payable—Electric Current - * 2,794.25 CURRENT NDED DEBT Accrued Interest Payable - 8 1,650.03 Improvement Bonds (6%) - 1 ’ 500,00 ooxox FUNDED DEBT T.UI U.bilhi.. * - $ 4,2 . ■ lmproyement Bonds (60o) .. . ... 5 55 - 00000 F WORTH Total Liabilities - * 56 «° °° Net Worth <198.574.23 Net Worth . $445,924.70 $202,808.48 - $502,574.70 ' « i Statement of Profit and Loss for Year Ended December 31, 1929 Statement of Profit and Loss for Year Ended December 31, 1929 * NINGS EARNINGS P*umpad**l4° 9oo ) KWH Sold Amount Per KWH e,i ano ,9 % Linhl 910,701 $57,367.30 $ .06299 .ommrrcial and Industrial Sales - $2 ft2oo 00 Commercial Power ’ 3.375.009 86.282.67 .02557 Municipal Hydrant Rentals . . 8 ' 20 ?' 00 MunlTinal Lioht and Power 814.811 19.980.31 .02452 Municipal Department Sales - • En.r D 7sold to PubMe iTilities . ?53.376 7,942.55 -03121 $30,012.86 $ .2115 ToU , Earnmgs . ... 5.354,397 $171,572.83 $ .03204 HJCT OPERATING EXPENSE $13“>2588 < 0932 DEDUCT OPERATING EXPENSE '•‘"t Operating Expense . -00 48 . ’•licet ing Aqueducts and Supply Mains . . . 0329 Plant Operating Expense . ...... $92,791.26 ? 01 /33 Attribution Expense . 4 ' 6 ® 0 024 Distribution Exnense . 9 825.66 .00183 "••Hydrants Expense .. - * 003’’ > Municipal Lighting Expense - . 3,376.74 00063 ommercial Expense , 452 64 Commercial Expense " ’’846.04 .00034 eneral Expense .... 3,883.08 < • , — Ceneral Expense 7,638.50 0014 3 $23,254.34 < 1839 $115,478.20 _ $ ,02156 $ 6,758.52 $ .0476 j 5G,094.63 $ .01048 IER INCOME « innnn S 0007 OTHER INCOME tueet Sorinklinn Cnl.. $ 100.00 ♦ .OUU/ •P Permit, k . 0S * ' su oo 00035 interest . $ 2,098.72 $ .00039 ngmeering Services 450.50 0032 Snles of Supplies 334.76 .00006 •Its of Supplies . 138.95 0009 Miscellaneous Income . 388 12 .00008 C'!! aneou °P er »ting Revenues ... 704, 00055 $ 2.821.60 $ .00053 f I | scel| aneous Non-Operating Revenues - qqao ■ ..." l°i*l — $58,916.23 $ .01101 S$ 1,006 86 $ .0071 $ 7,765.38 $ .0547 OTHER CHARGES Interest on Bonds $ 3.300.00 $ .00062 $ .135.00 $ .0010 Net Profit - $55,616.23 $. 01039 $ 7,630.38 $ .0537 * * ./ ' " -''ii' i i ■ , ■ ...... ' ' - ! ! £ 10 renort I herrbv eertifv that the Balance Sheet of the City of Decatur, Water Works, as at December Subject to the foregoing report, I hereby certify that the Balance Sheet of the City of Decatur, Electric Works, as at December in mv opinion eorrectlv sets forth the financial condition as at this date, and also that the Statement of 31, 1929, hereto and shown in my opinion, correctly sets forth the financial condition as at this date, and also that the Statement of this renort in'mv oDinion is a true and accurate statement of earnings for the period as covered therein. Profit and Loss, shown of this report, in my opinion, is a true and accurate statement of earnings for the period as covered therein. • ' 7 h ’ Respectfully submitted, Respectfully submitted, W. Curti, Peasf, Accountant W. Curtis Pease, Accountant Harruff. Supt. George Krick, Mayor George Krick, Mayor M. J. Mylott, Supt. oilman 0. L. Vance, Councilman Joe Hunter, Councilman H. F. Linn, Councilman 0. L. Vance, Councilman Joe Hunter, Councilman pelman, Councilman H. M. Gillig, Councilman George Appelman, Councilman Hf M. Gillig, Councilman

~v A

DRCATttft DAILY DEMOCRAT MONDAY, MARCH 10, 1930.

PAGE THREE