USA > Massachusetts > Middlesex County > Reading > Town of Reading Massachusetts annual report 1932 > Part 16
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1922
11.7 cents per kilowatt hour
1923
9.9 cents per kilowatt hour
1924
9. cents per kilowatt hour
1925
8.1 cents per kilowatt hour
1926
8.1 cents per kilowatt hour
1927
7.2 cents per kilowatt hour
In 1928 a residence rate of 7.2 cents for the first 25 KWH, 4.5 cents for the next 25 KWH, and 2.7 cents for all over 50 KWH per month was adopted, and in 1930 another lower step was added of 1.8 for all over 200 KWH per month, which rate has continued in force up to the present time.
The average rate paid by lighting customers in 1921 was 13.2 cents and in 1932 it was 5.3 cents, a reduction of nearly 8 cents or 60 per cent.
The average rate paid by residence customers in Reading during the past year was 4.65 cents per kilowatt hour.
The rates paid by customers of this plant not only include the sup- ply of electricity but also certain maintenance of service equipment on the customers' premises in cases of trouble.
The reduction of one cent per kilowatt hour in the maximum rate, which has been ordered to take effect February 1, 1933, will effect a saving to consumers of about $20,000 per year.
The residence customer in Reading who uses from 25 to 45 KWH per month can use 5 KWH without any additional cost. If he uses from 50 to 192 KWH per month he can use 8 more and if he uses over 200 KWH per month he can use 12 more without increasing his present bill.
The maximum load on the plant during the year was 2500 K. W. which was an increase of 250 K. W. over 1931.
The following table shows the kilowatt hours purchased and sold during the year as compared with 1931 :
KILOWATT HOURS PURCHASED AND SOLD
1932
1931
Increase Decrease
K. W. Hours :
Generated
Purchased
None 7,324,775
None 6,885,880
438,895
Totals
7,324,775
6,885,880
438,895
190
K. W. Hours Sold :
Residence Service
3,313,758
3,118,622
195,136
Commercial Miscellaneous
251,057
233,401
17,656
Commercial Lighting
575,364
543,591
31,773
Commercial Power-Retail
927,800
1,001,116
73,316
Commercial Power-Wholesale
330,400
342,980
12,580
Municipal Heating
5,962
--
5,962
Municipal Lighting
71,129
104,556
33,427
Municipal Power-Retail
4,215
198,865
194,650
Municipal Power-Wholesale
267,400
267,400
Co-operative Resale Service
4,437
4,437
Street Lighting
540,967
421,457
119,510
Total K. W. Hours Sold
6,292,489
5,964,588
327,901
K. W. Hours used at Station, Office and Garage
57,926
52,634
5,292
K. W. Hours used for Christmas Il- lumination
2,386
10,788
8,402
K. W. Hours Unaccounted for
971,974
857,870
114,104
Total
7,324,775
6,885,880
438,895
Per Cent Unaccounted for
13.26%
12.45%
0.81%
The kilowatt hours sold for residence service increased about 6.3 per cent and showed an average annual use per residence meter of 682 KWH. This is an increase over 1931 of 24 KWH and an increase over 1929 of 138, or 25 per cent during the three-year period. This record shows the value of securing additional business from existing services which requires very little capital outlay
Sales of kilowatt hours for commercial lighting increased about 5.8 per cent and for commercial heating and refrigeration 7.6%. Kilo- watt hours sold for street lighting increased 28 per cent and kilowatt hours sold for power decreased a little less than 1 per cent.
The kilowatt hours unaccounted for was 13.26 per cent as com- pared with 12.45 per cent last year.
We purchased 7,324,775 KWH during the year at an average cost of 1.1077 cents per kilowatt hour which was a reduction of about 2.4 per cent over the price paid in 1931.
The production cost per kilowatt hour purchased was 1.353 cents which includes all station labor and expenses. The average total op- erating cost per kilowatt hour sold and delivered to street lights was 415 cents and the average income was 4.55 cents per kilowatt hour.
A comparison of operating costs for 1932 and 1931 is shown in the following table.
191
COMPARISON OF OPERATION COSTS, 1932-1931
1932
1931
Production
1.323
1.343
Distribution
0.991
1.233
Utilization
0.150
0.184
Commercial
0.245
0.245
New Business
0.067
0.043
General and Miscellaneous
1.078
1 149
Bonds, Notes and Interest
0.296
0.281
Total Costs
4.150
4.478
The operating revenue for the year was $285,997.80, a gain of $9,989.19 over the previous year. This gain has been made possible through the increased use of our service by consumers previously con- nected rather than by the addition of new consumers. The net in- crease in the number of customers was 60, which at the average income per customer for 1931 of $50.48 would produce an additional revenue of $3,028.80. As the revenue per customer in 1932 was $1 25 more than in 1931 it is evident that nearly $7,000 of additional revenue was ob- tained through the increased use of electric service.
The following tables show the classification of income and kilowatt hours sold :
Income from Sales of Current
Increase
1932
1931
Decrease
Residence Service
$166,809.30
$159,147.38
$ 7,661.92
Commercial Miscellaneous
8,337.06
7,958.15
378.91
Commercial Lighting
38,730.55
36,509.62
2,220.93
Commercial Power-Retail
28,629 41
32,788.29
4,158 88
Commercial Power-Wholesale
6,498.68
6,298.18
200.50
Municipal Heating
175.60
175.60
Municipal Lighting
1,978.16
2,111.34
133.18
Municipal Power-Retail
170.67
4,315.69
4,145.02
Municipal Power-Wholesale
5,074.45
5,074.45
Co-operative Resale Service
151.40
151.40
Street Lighting
30,067.26
27,630.82
2,436.44
Totals
$286,622.54 $276,759.47 $ 9,863.07
192
Income from Each Town
1932
1931
Increase
Reading
$179,781.65
$173,513.76
$ 6,267.89
Lynnfield Center
17,551.38
17,356.37
195.01
North Reading
33,681.25
32,180.79
1,500.46
Wilmington
55,055.03
53,205.57
1,849.46
Other Districts
553.23
502.98
50.25
Totals
$286,622.54 $276,759.47
$ 9,863.07
Kilowatt Hours Sold in Each Town
Reading
4,515,257
1931 4,307,788
Increase 207,469
Lynnfield Center
302,568
282,854
19,714
North Reading
592,029
538,593
53,436
Wilmington
870,148
826,222
43,926
Other Districts
12,487
9,131
3,356
Totals
6,292,489
5,964,588
327,901
CLASSIFICATION OF CUSTOMERS AS OF DECEMBER 31, 1932
Lynnfld. No.
Ttls.
Read.
Cntr. Read. Wilm.
Residence Service
4795
2562
397
714
1122
Commercial Miscellaneous
106
54
9
20
23
Commercial Lighting
464
276
27
55
106
Commercial Power-Retail
105
67
5
11
22
Commercial Power-Wholesale
9
6
-
3
Municipal Heating
1
1
Municipal Lighting
30
30
Municipal Power-Retail
6
6
Municipal Power-Wholesale
5
5
Co-operative Resale Service
10
9
1
Private Street Lights
13
5
1
4
3
Public Street Lights
3
1
1
1
Totals
5547
3021
441
808
1277
-
-
-
Operating expenses for the year were $237,824.10, a decrease of $3,635.39 over 1931. The net operating revenue for 1932 was $49,173.70, an increase of $13,624.58 over the previous year.
The balance of the operating account which was transferred to Profit and Loss was $34,092.29. Bonds amounting to $15,000 were paid
1932
193
during the year and $12,000 was transferred to the general funds of the town. The Profit and Loss surplus has been increased by $7,119.03.
The inventory value of materials and supplies on hand is $50,348.43 as compared with $58,890.17 last year, a decrease of $8,541.74 after ad- justments of $3,743.87. Current assets are $95,513.53 and current lia- bilities $27,465.73.
Cash on hand and accounts receivable amount to $37,574.13 and ac- counts payable $19,393.77.
A comparative statement of income and expenses, also a summary of cash receipts and disbursements is shown below.
COMPARATIVE SUMMARY OF INCOME AND EXPENSES
as of December 31, 1932 and December 31, 1931
1932
1931
OPERATING INCOME
$286,997.80
$277,008.61
OPERATING EXPENSES :
Production
$ 83,281.13
$ 80,091.66
Distribution
62,326.36
73,548.66
Utilization
9,450.61
10,953.83
Commercial
15,455.25
14,613.15
New Business
4,230.25
2,590.69
General and Miscellaneous
65,591.18
60,479.75
TOTAL OPERATING EXPENSES
$240,334.78
$242,277.74
OPERATING REVENUE-BEFORE FIXED CHARGES
$ 46,663.02
$ 34,730.87
FIXED CHARGES
$ 18,650.70
$ 16,764.10
TOTAL OPERATING REVENUE
$ 28,012.32
$ 17,966.67
OTHER CHARGES
2,216.37
2,270.67
NET OPERATING REVENUE
25,795.95
15,696.10
OTHER INCOME:
Merchandise Revenue
$ 6,347.87
$ 5,043.05
Jobbing Revenue
869.93
904.02
Miscellaneous Income
224.38
737.98
Interest Income
289.76
284.02
TOTAL OTHER INCOME
$ 6,703.66
$ 4,925.07
Net Income (After Bond Payments)
$ 19,092.29
$ 10,771.03
SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS during the period January 1, 1932 through December 31, 1932
CASH BALANCES JANUARY 1, 1932 :
Operation Fund $ 413.45
Depreciation Fund
1,784.40
194
Special Construction Fund
2,051.37
Petty Cash Fund
250.00
Total Cash Balances
$ 4,499.22
CASH RECEIVED :
Sale of Electricity
$270,662.54
Street Light Appropriation
15,960.00
Miscellaneous Receipts
31,520.46
Total Cash Received
$318,143.00
TOTAL
$322,642.22
CASH DISBURSED :
Operating Accounts
$253,227.24
Construction Accounts
30,545.01
Interest Paid
3,772.50
Bonds Paid
15,000.00
Transfer to General Funds
12,000.00
Total Disbursements
$314,544.75
CASH BALANCES, DEC. 31, 1932
Operation Fund
$
Construction Fund
368.36
Depreciation Fund
7,479.11
Special Construction Fund
Petty Cash Fund
250.00
Total Cash Balance Dec. 31, 1932
$ 8,097.47
The cash balances in the various funds are shown above.
Additions to the plant during the year amounted to $30,545.01 of which $2,051.37 was paid from the balance of the special appropriation of 1930, $413.45 from the construction fund and the balance from the depreciation fund.
Additions and extensions to lines amounting to $24,666.28 were made of which $9,519.99 was expended to increase the capacity of the Wilmington feeder lines. Meters and transformers purchased during the year, including installations, amounted to $3,965.03. The Capacitor of the plant cost, $2,071.66, installed, and the balance is the cost of ad- ditions at the garage and Power Station.
POWER STATION
The generating equipment is in good condition and can be opera- ted at any time upon reasonable notice. A 180 K.V.A. Capacitor has been installed during the year at a cost of $2,071.66 which has improved the power factor of our load sufficiently to eliminate the charge on our power bill due to low power factor. This charge would have been over $1,900 in 1932 so the saving in cost of purchased power has nearly paid for the corrective equipment in one year.
195
DISTRIBUTION LINES
Our overhead distribution system now covers more than 178 miles of streets and consists of 8027 poles, 3025 of which are owned ex- clusively by the plant and 5002 are owned jointly with the Telephone and Street Railway Companies. 1062 miles of wire, 524 transformers, 5525 meters and 1565 street lights are in use.
The underground distribution system consists of 27,904 feet of duct, 8 manholes and 70,321 feet of lead covered cable.
The voltage on the feeder lines to North Reading and Lynnfield Center has been increased during the year from 2300 to 4000 volts and has resulted in our being able to maintain the proper voltage at the consumers' meters under varying conditions of load.
The additional wire on the Wilmington feeder line has been in- stalled and early in the coming year the voltage on this line will be increased to 4000 volts which will greatly improve the voltage regula- tion in that town and reduce the transmission losses.
Changes have been made in the Reading feeders to provide for a separate feeder for Reading Highlands district and also for an extra street light circuit on account of the overloaded capacity of existing circuits.
Most of the defective poles which have been found through regular inspections have been renewed or strengthened by the use of iron pole reinforcements. Considerable defective wire has been renewed and in many cases replaced with wire of larger size. Trimming of trees and insulating the wires passing through the trees has been done on more than half of the distribution system.
The following table shows the number and sizes of poles added and renewed with comparisons with previous years :
COMPARATIVE STATEMENT OF POLE ADDITIONS AND RENEWALS Additions
1932
1931
1930
Reading
50
54
76
North Reading
49
90
139
Lynnfield Center
5
37
44
Wilmington
39
108
118
Total Additions
143
289
377
Renewals
Reading
64
228
287
North Reading
133
129
89
Lynnfield Center
15
46
95
Wilmington
101
128
120
Total Renewals
313
531
591
Total Poles Handled
456
820
968
196
COMPARATIVE STATEMENT OF POLE ADDITIONS AND RENEWALS BY SIZES
Pole
Additions
Renewals
Size
1932
1931
1930
1932
1931
1930
25
-
-
-
-
1
30
98
250
265
171
197
90
35
45
34
57
118
292
424
40
5
55
24
32
58
45
10
18
50
-
-
-
-
55
-
-
Totals
143
289
377
313
531
591
STREET LIGHTING
38 additional street lights have been installed on the public streets of Reading during the year as follows: Wakefield Street 4, Winthrop Avenue 2, Libby Avenue 5, Longwood Road 3, Fair Road 3, Longfellow Road 3, Parkview Road 4, Smith Avenue 2, and 1 on each of the fol- lowing streets: Highland Road, California Road, Virginia Road, Vista Avenue, Longview Road, Tower Road, Deering Street, Parker Street, Forest Street, South Street, Pratt Street and Auburn Street.
9 additional lights have been installed in North Reading and 1 pri- vate light in Lynnfield Center. 3 lights in Lynnfield Center have been discontinued.
The lighting on North Main Street from the Square to the North Reading line has been improved by the installation of 250 candle power lamps with Holophane refracting globes in place of the bare 60 candle power lamps and reflectors. This change has resulted in greatly im- proved illumination on this street which carries a large amount of traffic. We plan to improve the lighting on Woburn Street during the coming year ..
STREET LAMPS RENEWED BY SIZES
Totals 576
Reading®
Lynnfield Center 104
North Reading 113
Wilm.
40 C. P.
-
50 Watt
43
-
-
43
60 C. P.
1181
1014
78
229
490
100 C. P.
11
11
-
-
250 C. P.
177
177
300 Watt
12
-
400 C. P.
23
23
-
-
600 C. P.
11
7
-
-
4
1000 C. P.
102
102
1500 C. P.
5
5
-
-
-
Totals
2771
1339
182
342
908
-
-
-
-
12
359
-
197
METERS
A summary of the work done by the Meter Department during the year is given below :
Meter-room tests
981
Meters repaired
62
Meters set
56
Meters removed
55
Inquiry tests and investigations
83
Power meter inspections
168
Consumers' request tests 165
Periodic tests 424
The regular and systematic inspection of meters has resulted in considerable saving in the purchase of meters, as frequently it has been possible to make changes in installations which resulted in securing the size and type of meter needed for a new installation without the pur- chase of additional meters.
GARAGE
We are fortunate in having an exceptionally capable man to main- tain our automobile equipment. The cars are now repaired and painted in our own garage and are checked every night when they come in. They are also clean when they are taken out in the morning and reflect credit to the department. A card record has been installed for each car which will show the cost of repairs and operation. The transporta- tion expense for the past year was $226.70 less than in 1931.
LAMP AND APPLIANCE DEPARTMENT
The net sales in this department were $28,838.40 which is about 16 per cent less than last year, notwithstanding the intensive effort made during the year to increase the volume of business. When compared with the results obtained by other plants in this vicinity, whose sales dropped from 25 to 50 per cent, our record does not look so bad. The net loss on the merchandise and jobbing, including free installations, was $7,217.80, which according to the State classification of accounts which we are obliged to use, and the method of applying same, is charged against the amount received from the sale of the Appliances and Job- bing.
This loss in reality represents an expense incurred for the pur- pose of securing new business, and the estimated annual revenue to be obtained from the appliances sold during the year is about $5,100.
In the extension of pole and, wire lines, including transformers and meters, it is considered good business to invest up to $3.00 for each $1.00 of annual revenue. The expense incurred through the Merchandise and Jobbing Department amounts to about $1.40 for each $1.00 of an- nual revenue which is a better return than is received from many line
198
extensions. The additional revenue from the use of appliances is obtained almost wholly from consumers on existing lines and results in an in- creased use of electricity per meter.
The average consumption of electricity per residence meter was 544 KWH in 1929 and 682 KWH in 1932 or an increase of 25 per cent in three years. This means that, on the same rate basis, for every $1.00 received per meter in 1929 we received $1.25 in 1932. Any sub- stantial increase in revenue which can be secured must come from the increased use of electric service in the home, and every effort should be made to induce customers to take advantage of our exceptionally favorable rates for residence service.
CHRISTMAS DECORATIONS
Due to the spirit of economy which prevailed, no extensive decora- tions were installed this year. The only work done by the Depart- ment was in decorating the evergreen trees on the common and parks. The cost of labor and current was approximately $219.00 and the num- ber of lamps used was 1250.
UNEMPLOYMENT RELIEF
Contributions by the employees of this Department amounting to $3,801.91 were made during the year to assist in providing funds for welfare work.
FUTURE IMPROVEMENTS
In my report for 1931 I recommended that a start be made on the work of building the 4000 volt switchboard at the power station, but it was thought best to defer this until another year. We will undoubtedly have available during the coming year a sufficient amount in the de- preciation fund to complete this project which was estimated to cost about $21,000. As both materials and labor cost less now than a year ago, a reduction of about 10 per cent in the above figures may well be expected.
I understand, however, it is possible that the rebuilding of Main Street from Haven Street to the railroad crossing may be undertaken during the coming year. If this work is done, we should extend our underground system from Green Street to a point beyond the railroad crossing on Ash Street and remove our poles and overhead wires. The estimated cost of this extension is $20,646.58 and can be paid for from
199
the depreciation fund. In case this extension is made we plan to do the work with our regular employees and the additional necessary local labor, to this extent assisting in the relief of unemployment in the town. The estimated cost of labor on this job is about $3,000.
I believe that the time has come when all additions and extensions to the plant should be financed from the income and that only when absolutely necessary should money be borrowed for this purpose.
I also believe that a municipal light plant should pay into the gen- eral funds of the town each year an amount equal to that which the town would receive in taxes if the plant were privately owned. A fair basis for determining the amount to be paid each year would be to apply the tax rate for the year to 75 per cent of the cost of the plant on December 31st of the previous year. This would result in a payment of approximately $16,000 in 1933. Under the present law governing the operation of municipal lighting plants this expense can- not be included in operating expenses but must be taken from surplus earnings and charged to Profit and Loss the same as is done in the case of amounts paid for bond retirements. The item in the Liability Account entitled "Appropriations for Construction" should be reduced by the amounts returned to the town so that it will eventually be cleared from the books.
I submit herewith my estimate of expenses and income for the year ending December 31, 1933, as required by law.
ESTIMATE FOR 1933
Expenses
For Operation, Maintenance and Repairs $193,713.25
For Interest on Bonds 3,135.00
For Depreciation at 4% on Cost of Plant 34,903.20
For Bond Payments 12,000.00
For Taxes 3,000.00
For Uncollectible Operating Revenue
3,000.00
For Interest on Consumers' Deposits
250.00
Total Expenses
$250,001.45
200
Income
From Sales to Private Consumers
$257,838.00
From Interest on Consumers' Deposits
300.00
From Tax Levy :
For Street Lights 15,520.00
For Municipal Departments
3,100.00
Total Income $276,758.00
Schedules showing Plant Investment accounts, Total Cost of Plant, Materials and . Supplies, and the various Fund accounts will be found on the pages next following.
There are also included tables showing data from the records of the plant, a list of unpaid bills with the names of the parties to whom same are due, and a list of the bonded employees with the amount of bond in each case.
The report of the Auditor which follows my report includes de- tails covering the financial transactions of the plant for the year as shown by the books of account, with comparisons for the previous year.
Respectfully submitted,
ARTHUR G. SIAS,
Manager
The reports of the Manager and Auditor as herewith submitted are approved by us.
HENRY R. JOHNSON HERBERT G. EVANS HARRY P. BAKER Municipal Light Board
GRAPHICAL COMPARISON BETWEEN 1922 AND 1932 DATA
1932
1932
1932
1932
1922
1922
1922
1932
1922
1932
1922
1932
/922
Total K.W.H. Sales
Number of Customers
Annual K.W.H. Sales per Customer
Total Income
Annual Income per Customer
Average Income per Kilowatt-hour
Maximum K.W.H. Rate
3 86% Increase
171% Increase
222% Increase
167% Increase
2 % Decrease
56% Decrease 38% Decrease
1922
PLANT INVESTMENT ACCOUNTS-ELECTRIC
Balance
Additions Depreciation Balance
PLANT INVESTMENTS:
Jan. 1, 1932 $ 2,575.80
1932
1932
Dec. 31, 1932
$ 2,575.80
Structures
20,349.49
$ 550.59
19,798.90
Structures-Garage
14,841.02
$
392.13
334.45
14,898.70
Boiler Plant Equipment
22,312.91
2,787.87
19,525 0 1
Prime Movers and Auxiliaries
9,324.27
1,160.54
8,163.73
Turbo Generator Units
14,345.32
1,874.83
12,470 4 )
Electric Plant-Steam
31,583.82
2,237.95
31.417 53
Poles, Fixt. and Overhead Cond.
230,757.11
2,071.66 24,666.28
16,003.45
239,419.91
Underground Conduits
21,261.27
35.60
637.84
20,659.03
Underground Conductors
16,010.07
300.00
640.40
15,069.67
Consumers' Meters
38,343.30
1,404.83
2,569.58
37,178.55
Consumers' Meters Installations
6,527.53
354.72
399.22
6,483.0
Line Transformers
42,584.80
1,351.55
2,765.05
41,171.30
Line Transformers Installations
4,257.14
853.93
291.50
4,819.57
Street Lighting Equipment
15,703.40
285.69
1,400.76
14,016.95
Consumers' Premises Equipment
162.53
17.16
145.37
Total Plant Investment
$490,939.78
$ 30,545.01
$ 33,671.19
$487,813.60
GENERAL EQUIPMENT :
Office Equipment
$ 8,491.56
$ 2,799.39
$ 586.20
$ 10,704 75
Stores Equipment
659.58
78.70
580.83
Transportation Equipment
4,029.00
24.00
1,031.25
3,021.75
Laboratory Equipment
1,395.56
73.05
90.58
1,378.03
Miscellaneous Equipment Total General Equipment
1,858.18
237.37
1,620.81
$ 16,433.88
$ 2,896.44
$ 2,024.10
$ 17,306.22
Unfinished Construction
$
135.00
$ 254.00
$ 171.50
$ 217.50
TOTAL INVESTMENTS
$507,508.66
$ 33,695.45
$ 35,866.79
$505,337.32
Land
203
TOTAL COST OF PLANT as of DECEMBER 31, 1932
Cost of Land
$ 2,575.80
Cost of Structures
44,644.60
$ 47,220.40
Generating Plant-Steam:
Cost of Boiler Plant Equipment
$ 69,696.71
Cost of Prime Movers and Auxiliaries
29,013.38
Cost of Turbo Generator Units
46,870.83
Cost of Electric Plant-Steam
58,020.48
$203,601.40
Transmission, Distribution and Storage:
Cost of Poles, Fixt. and Overhead Cond. . . $397,310.99
Cost of Underground Conduits
21,296.87
Cost of Underground Conductors
15,710.07
Cost of Consumers' Meters
65,899.71
Cost of Consumers' Meters Installation
10,335.12
Cost of Line Transformers
70,477.72
Cost of Transformers Installation
8,141.31
$589,171.79
Utilization Equipment :
Cost of Street Lighting Equipment $ 34,733.33
Cost of Consumers' Premises Equipment .. 428.99 $ 35,162.32
Total Cost of Electric Plant as shown by Books $875,155.91
COST OF DISTRIBUTION SYSTEM IN OUTSIDE TOWNS
NORTH READING
Total Investment December 31, 1932:
Poles, Fixtures and Overhead Cond. $ 76,661.22
Consumers' Meters
10,368.80
Line Transformers
8,243.24
Street Lighting Equipment
2,949.50 $ 98,222.76
LYNNFIELD CENTER
Total Investment December 31, 1932:
Poles, Fixtures and Overhead Cond. $ 33,604.91
Consumers' Meters
5,269.64
Line Transformers
2,857.22
Street Lighting Equipment
1,839.75
$ 43,571.52
WILMINGTON
Total Investment December 31, 1932:
Poles, Fixtures and Overhead Cond. $115,805.53
Consumers' Meters 15,603.07
Line Transformers 9,833.15
Street Lighting Equipment 4,306.23 $145,547.98
Total Investments-Outside Towns
$287,342.26
Income Outside Towns
$106,840.89
204
MATERIALS AND SUPPLIES
Materials and Supplies $ 32,295.76
Electrical Appliances
17,205.63
Coal
471.71
Oil and Supplies
375.33
Total
$ 50,348.43
CASH BALANCES AT CLOSE OF YEAR, 1932 PETTY CASH FUND
Petty Cash due Treasurer
$ 250.00
OPERATION FUND
DEBITS
Balance at beginning of year
none
Received from Sale of Electricity
$270,662.54
Received from Appropriations for Street Lights 15,960.00
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