USA > Pennsylvania > Franklin County > Chambersburg > Annual report of the burgess and town council of the borough of Chambersburg, Pennsylvania 1941-1947 > Part 27
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$ 900,000.00
Total Other Assets
$ 900,000.00
Total Assets
$2,427,514.04
Liabilities
Municipal Ownership
Net Worth, Water Depart- ment
$1,249,170.95
Funded Debt
Municipal Authority Bonds Current Liabilities Assessments for Line Con- struction
900,000.00
20,575.06
Reserves
Reserve for Renewals and Replacements Total Liabilities
257,768.03
$2,427,514.04
35:
ANALYSIS OF NET WORTH
Balance Beginning of Year $1,340,222.66 Net Income for Year 33,771.94 $1,373,994.60
Total Income for Year
Deductions During Year
Contribution to General Borough
$
25,000.00
Free Water to Borough 3,266.68
Extraordinary
Expense
Lowering Mains
Along
Lincoln Highway
96,556.97
Total Deductions
$ 124,823.65
Balance End of Year 1947
$1,249,170.95
NOTE: (The Water System of the Borough of Chambersburg was as of January 1, 1947, transferred to the Municipal Authority of the Bor- ough of Chambersburg and was leased by the Municipal Authority to the Borough and has been, without interruption, operated by the Bor- ough of Chambersburg. Therefore, the statements and figures herein refering to fixed capital of the Water Department are carried on the books of the Borough of Chambersburg for bookkeeping purposes only, it being desirable to do so in anticipation of the time when the Bonds of the Municipal Authority are redeemed and the Water System re- turned to the Borough of Chambersburg so that at that time the books will accurately show the amount of money invested by the Borough in the Water System, but all figures of fixed capital in regard to the Water Department should be disregarded in determining the present assets of the Borough of Chambersburg).
REVENUE AND EXPENSE STATEMENT WATER DEPARTMENT 1947
Operating Revenues
Metered Domestic Sales $ 41,326.55
Metered Commercial Sales 8,559.11
Metered Industrial Sales
19,836.93
Metered Public Sales
3,877.31
Sales for Private Fire Pro- tection
124.42
Consumers' Discounts For-
feited and Penalties Im- posed
100.42
Sales for Public Fire Pro- tection
12,000.00
Total Operating Revenues
$ 85,824.74
Operating Expenses
Water Collection System- Operating Labor $ 756.91
Water Collection System-
Supplies and Expenses 3.90
36
Water Collection System- Maintenance
998.47 Total Water Collection Sys- tem - Expenses
$ 1,759.28
Purification System
Operating Labor
$ 1,427.55
Supplies and Expenses
1,565.51
Maintenance
631.18
Total Purification System
Expenses
$ 3,624.24
Pumping System
Operating Labor
$ 412.39
Supplies and Expenses
649.65
Maintenance
2,640.97
Total Pumping System Ex- penses
$ 3,703.01
Distribution System
Operating Labor (General)
$ 1,170.99
Operating Labor (Reser-
voir)
806.21
Maintenance of Mains and Pipes
287.14
Maintenance Storage Reser- voir, etc.
850.52
Maintenance Meters, Valves, etc.
509.18
Maintenance Other Distri-
bution Property
518.42
Total Distribution System
Expenses
$ 4,142.46
General Expenses
Office Salaries
$ 12,227.12
Salaries of Meter Readers
1,123.05
Office Supplies and Expenses
542.28
Other General Property Ex- penses
587.69
Other General Expenses
535.85
Maintenance of General Properties
917.92
Depreciation
13,156.84
Total General Expenses
$ 29,090.75
Total Operating Expenses .
$ 42,319.74
37
INCOME STATEMENT WATER DEPARTMENT 1947
Operating Revenues
Operating Income
$ 85,824.74
Operating Expenses
Water Collection System $ 1,759.28
Purification System
3,624.24
Pumping System
3,703.01
Distribution System
4,142.46
General Operating Expenses
29,090.75
Total Operating Expenses .
$ 42,319.74
Net Operating Income
$ 43,505.00
Non-Operating Revenues
$ 9,003.41
Non-Operating Expenses
3,908.71
Non-Operating Income
$ 5,094.70
Gross Income
$ 48,599.70
Interest Deductions
14,827.76
Net Income
$ 33,771.94
WATER DEPARTMENT ANALYSIS OF FIXED CAPITAL
Description
Balance Jan. 1, 1947
Additions 1947
Balance Dec. 31, 1947 $ 11,024.28
Organization
$ 11,024.28
Water Collection System
Rights of Way
3,143.00
3,143.00
Water Diversion Rights
40,400.00
40,400.00
Impounding Reserviors
194,524.78
194,524.78
Collections Reservoirs and
Intake Wells
51,084.39
51,084.39
Aqueduct and Supply Mains
407,718.29
407,718.29
Purification System - Fil- ters
1,090.25
1,090.25
Purification System, Water Testing Equipment
31.50
31.50
Purification System, Chemi- cal Treatment Plant
2,799.63
$ 72.33
2,871.96
Pumping System - Struc- tures
5,208.85
5,208.85
Pumping System, Pumps and Equipment
12,469.80
12,469.80
Distribution System, Rights of Way
404.00
404.00
Distribution System, Trans- mission Mains
330.43
330.43
38
Distribution System, Reser- voirs, Tanks, Etc.
Distribution System, Mains
Distribution System, Fire Hydrants and Cisterns
26,577.26
2,790.48
29,367.74
Distribution System, Foun- tains and Troughs
11,107.75
11,107.75
General Equipment, Struc- tures
3,329.00
3,329.00
General Equipment, Office Equipment
922.34
922.34
General Equipment, Other Equipment
9,495.63
1,233.32
10,728.95
Engineering and Superin-
tendence During Con-
struction
33,566.50
33,566.50
Administration and Legal
Expenses During Construc- tion
11,024.28
11,024.28
Interest During Construc-
tion
34,065.04
34,065.04
Development Cost
63,913.91
Totals
$1,350,939.13 $ 35,825.17
$1,386,764.30
WATER SINKING FUND
Receipts
Balance in Sinking Fund January 1, 1947 Jan. Interest Earned Time Certificates
$
53,106.17
Mar. Interest on $80,000.00 U. S. Bonds, 11/4 %
500.00
Mar. $80,000.00 U. S. Bonds Due
80,000.00
June Interest on $40,000.00 U. S. Bonds 21/4 %
450.00
Dec. Interest on $40,000.00 U. S. Bonds
21/4 %
450.00
Dec.
Transfer from Water Department 15,000.00
$
150,068.29
Expenditures
June Transfer to Water Department
75,000.00
Oct. Transfer to Water Department 16,000.00
Dec. Transfer to Water Department 17,000.00
$
108,000.00
Balance in Treasurer's Hands De- cember 31, 1947 $ 42,068.29
SUMMARY OF SECURITIES HELD BY WATER DEPARTMENT SINKING FUND $40,000.00 U. S. Treasury Bonds 21/4%, 1959-62
39
11,994.02 414,714.20
31,729.04
11,994.02 446,443.24
562.12
WATER DEPARTMENT Credit Account 1947
Metered Water, Light Plant
$ 1,031.56
Metered Water, Park of the Valient
116.36
Metered Water, Gas Plant
333.50
Metered Water, Fire Houses
53.46
Metered Water, City Hall, Meter Room
89.07
Metered Water, Municipal Market House
6.62
Memorial Fountains
265.19
Borough Farm
13.73
Disposal Plant
457.89
Borough Garage
7.77
Parks and Playgrounds
45.14
E. Queen Street and S. 4th Street Prop- erties
12.00
$ 2,733.08
FREE WATER PER AGREEMENT
Penn Hall Farm
$ 132.63
Nitterhouse Farm
22.45
Children's Home (75%)
35.76
Hospital (75%)
332.54
Salvation Army
10.22
$ 3,266.68
Note : This amount, $3,266.68 used in comparative Income Statement as Free Water Furnished in 1947.
FREE UNMETERED WATER FURNISHED THE FOLLOWING IN 1947
251 Fire Hydrants at $15.00 plus 5 added During the Year $ 3,790.00
127 Sewer Flush Tanks at $16.96
2,153.92
Flushing Storm Sewers and Street Work
750.00
Road Roller and Street Sweepers
25.00 $ 6,718.92
Note: This amount, $6,718.92 does not appear in any other statement.
WATER ASSESSMENTS
Assessments During Year 1947
$ 19,876.41 47.00
Interest Accrued
$ 19,923.41
Collected During 1947
$ 18,658.16
Interest Collected
47.00
Liens Entered
1,218.25
$ 19,923.41
40
and Police Headquarters
Comfort Station 300.79
WATER LIENS
Balance to be Collected January 1, 1947 $ 397.77
New Liens Entered During 1947
1,218.25
Interest Accrued
114.83 34.10
Costs Accrued
$ 1,764.95
Collected During 1947
$ 374.35
Interest Collected
114.83
Costs Collected
34.10
Balance to be Collected January 1, 1948
1,241.67
.
$ 1,764.95
HERBERT C. KEEFER, EUGENE V. MILLER, JOHN A. BURKHART,
Auditors.
- 947
Send 112075 NCF.
GAS DEPARTMENT
In December, 1946, as the conclusion to a long period of negotia- tion, the Borough purchased the properties of the Chambersburg Gas Company for the sum of $370,000, and as a separate transaction, its Accounts Receivable for $11,495.41. Funds for this purpose were ob- tained as a loan from the Sinking Fund of the Light Department. The properties purchased included the production facilities of the Gas Plant, the distribution system in the streets, meters and other equipment, and appliances in stock. It was the decision of the Town Council that the Borough should not carry on the sale of ranges and other appliances and stock of these items was disposed of promptly to local dealers.
It was recognized at the time of the acquisition of the Gas Com- pany's property that extensive improvements would be needed to put the equipment in good operating condition and to increase its capacity to meet the growing demands of the gas users. The cost of this work and of the additional capital expenditures was drawn entirely from operating revenue during the year 1947. By these expenditures the properties were improved and the service reliability increased. The use of gas expanded throughout the town adding to the strain on the production equipment, but bringing in a larger than anticipated Gross revenue. The cost of fuel-coal, coke and oil-increased rapidly during the year, bringing a larger than expected operating cost and lowering the net return. Practically all of this return was "plowed back into the business," putting the equipment in better condition for the future but leaving little for the general Borough treasury.
41
INCOME STATEMENT - GAS DEPARTMENT December 21, 1946 to December 31, 1947
Operating Revenues
$142,982.99
Operating Expenses
Production Expense (Less Resi- duals
$ 82,135.88
Distribution Expense 9,753.42
Customers' Accounting Expenses
7,309.15
Administrative and General Expenses 17,972.47
$117,170.92
Net Operating Income
$ 25,812.07
Non-Operating Income (Net)
1,274.63
Net Income before Interest and Miscellaneous Deductions
$ 27,086.70
Other Deductions
Interest
$
7,400.00
Contribution to General Borough
Account
5,000.00
$ 12,400.00
Balance to Net Worth
$ 14,686.70
REVENUE AND EXPENSE STATEMENT GAS DEPARTMENT
Operating Revenues
Residential Sales-General
$108,674.94
Residential Sales - Prepayment
504.15
Residential Sales-Flat Rate 44.20
Residential Sales - Space Heat-
ing
274.36
Commercial Sales-General
30,937.97
Commercial Sales-Space Heat- ing
1,408.92
Industrial Sales-General
427.95
Miscellaneous Gas Revenues
48.00
Penalties Imposed
662.50
Total Operating Revenues
$142,982.99
Non-Operating Revenues
Sale of Tar (1863.09 Cr. to Oper- ating Expense) Merchandising, Jobbing and Contract Work (Net) $ 1,274.63 $ 1,274.63
Total Non-Operating Revenue
Total Revenue
$144,257.62
42
OPERATING EXPENSES
Gas Production Expenses
Boiler and Other Power Labor $ 4,833.71
Gas Generating Labor 7,906.85
Purification Labor 1,020.23
Miscellaneous Production Labor 2,917.51
Boiler Fuel
9,016.90
Generator Fuel-Coal (Less Sales of Residuals)
12,535.69
Generator Fuel-Coke
2,980.70
Oil for Water Gas
26,189.33
Purifications Supplies
467.20
Miscellaneous Works Expenses
651.15
Maintenance of Structures and Improvements
55.08
Maintenance of Boiler Plant
Equipment
1,180.76
Maintenance of Other Power
Equipment
157.72
Maintenance of Gas Generating
Equipment
3,849.07
Maintenance of Purification
Equipment
5,036.79
Maintenance of Other Produc- tion Equipment
1,247.76
Operation of Tar Production
Equipment
477.96
Maintenance Tar Production Equipment
116.26
Operation of Storage Facilities Maintenance of Storage Facili- ties
1,433.64
Total Production Expenses
$ 82,135.88
Gas Distribution Expenses
Operation of Distribution Lines
$ 771.84
Removing and Resetting Meters
1,760.13
Work on Customers' Premises
5,439.55
Maintenance of Mains
454.42
Maintenance of Pumping and Regulating Equipment
38.16
Maintenance of Services
217.56
Maintenance of Meters and In- stallations
1,071.76
Total Gas Distribution Expenses
$ 9,753.42
Customers' Accounting Expenses
Meter Reading
$ 1,968.53
Customers Billing and Account- ing
4,644.54
Miscellaneous Accounting Ex- penses
180.68
Miscellaneous Sales Expenses
515.40
Total Customers Accounting Ex- penses
995.97
$ 7,309.15
43
Administrative and General Expenses
General Office Salaries
$ 3,369.09
Expenses of General Officers
41.20
General Office Supplies and Ex- penses
1,052.74
Insurance
2,170.27
Miscellaneous General Expenses
634.65
Equipment
26.75
Maintenance of Miscellaneous
Property
20.04
Depreciation
10,657.73
Total Expenses
$117,170.92
BALANCE SHEET
GAS DEPARTMENT December 31, 1947
Assets At Date of Acquisition December 31, 1947
Fixed Capital
Utility Plant in Service
$554,785.03
$565.130.15
Current Assets
Cash
Petty Cash
Accounts Receivable (Customers)
12,506.10
Accounts Receivable (M & J)
$ 1,178.61
Accounts Receivable (Employees)
34.47
Accounts Receivable (Others)
16.91
Unbilled Revenues 10,966.80
Materials and Sup- plies
9,849.49
23,659.06
21,994.90
37,270.88
Deferred Assets
Prepaid Expenses
58.06
$ 1,357.49
Payment on Ac-
count of Install-
ation (F. P. H.)
1,160.71
$ 58.06
$ 2,518.20
Total Assets
$576,837.99
$604,919.23
44
$ 395.92 100.00
$ 17,972.47
Liabilities
Current Liabilities
Consumers' Deposits
$ 1,530.00
Deferred Liabilities
Advance from Elec- tric Light De- partment S. F. .
$381,495.41
$381,495.41
Reserves
Reserve for Depre- ciation
195,342.58
207,207.12
Net Worth
Net Income
$ 19,686.70
Less Transfer to
Borough General
Fund
5,000.00
14,686.70
Total Liabilities . .
$576,837.99
$604,919.23
SCHEDULE OF UTILITY PLANT IN SERVICE GAS DEPARTMENT
Jan. 1, 1947
Additions
Dec. 31, 1947
Organization and Promotion
$ 7,817.28
$ 8.90
$ 7,826.18
Production-Land
8,311.84
8,311.84
Water Gas, Structure and Im- provements
38,236.54
38,236.54
Boiler Plant Equipment
22,583.56
98.07
22,681.63
Water Gas, General Equipment
62,385.62
62,385.62
Purification
37,205.01
50.55
37,255.56
Other Production
1,507.15
1,507.15
Storage Plant
74,824.66
8.08
74,832.74
Distribution, Rights of Way
592.36
592.36
Distribution Plant Structures
4,861.73
4,861.73
Mains
189,608.57
1,290.77
190,899.34
Pumping and Regulating Equip.
8.53
8.53
Services
39,758.07
1,150.26
40,908.33
Meters
52,473.32
4,499.03
56,972.35
Meter Installations
7,496.19
676.94
8,173.13
Structures and Improvements
868.45
868.45
Office Furniture and Equipment
2,579.96
2,579.96
Transportation Equipment
2,176.81
1,173.47
3,350.28
Shop Equipment
1,878.75
50.38
1,929.13
Laboratory
487.61
487.61
45
Tools and Work Equipment Miscellaneous
44.09 717.60
44.09 717.60
Totals
$554,785.03
$ 10,645.12
$565,430.15
HERBERT C. KEEFER, EUGENE V. MILLER, JOHN A. BURKHART,
Auditors.
HISTORICAL SKETCH OF ELECTRIC LIGHT DEPARTMENT
On August 29, 1874, the following named persons applied for a Charter to furnish electric current for lighting in the Borough of Chambersburg, under the name of "The Franklin Electric Company":
James McKnight and Agent
B. Frank Gilmore
William McKnight
Samuel L. Hawbaker
J. Spoonhour William Nixon
W. Lynn Ritchey George A. Britsch
William Sellers
M. A. Foltz C. H. Fulwiler
D. Alonza Orr William Orr John Hart
John A. Orr
The stock in this Company was stated at $25.00 a share, but just how much stock was issued is not a matter of record.
There is some doubt as to the year this Company started to furnish current in Chambersburg, but that it was in business in Chambersburg has been established beyond question. How extensive their business was at that time, it is now impossible to state.
The plant consisted of a belt driven generator using a steam traction engine as power, and the equipment was located in the old brick and weatherboard building known as the "Ebersole Building," which stood immediately on the West bank of the Conococheague Creek on the South side of Lincoln Way West, and which has been demolished by the Western Maryland Railway Company. This was the first electric plant that was ever operated in Chambersburg, and certainly could not have stayed in business very long. Some of the citizens of Cham- bersburg remember distinctly seeing these electric lamps suspended above the streets, and at that time were impressed with the fact that they did not blow out when the wind blew.
In the year 1883 there was constructed, in the shops of the Cumber- land Valley Railroad Company, a portable electric light plant which consisted of boiler, steam engine, and one arc lamp generator with a capacity of fifteen 2,000 candle-power open arc lamps. This car operated successfully under the supervision of Charles S. Hull from the very beginning, and in 1884 lighted arc lamps around the Public Square for the Centennial, and this same year lighted the grounds for a baseball game which was played at night. This game was played in a field
46
B. M. Nead
Van T. Haulman
bounded on the North by Falling Spring Creek, on the East by what is now North Fourth Street, on the South by what is now East King Street, and in the West by what is now Kennedy Street.
In 1889 this portable electric light plant was rebuilt, under the supervision of Mr. Hull, for a capacity of forty 2,000 candle-power open arc lamps. This plant was frequently used for the lighting of important construction work along the Cumberland Valley Railroad, as well as the lighting of serious wrecks. It was also used for the lighting of the Granger's Picnic Ground at Williams Grove, and many of us recall the lighting of Mt. Alto Park Grounds. Mr. Hull was a mechanical genius, and one of the beautiful things he created, with this car and an arc lamp, was a fountain which sprayed steam of different colors up above the car roof. Mr. Charles S. Hull will be remembered as a kindly old gentleman, and one of the first to take up seriously the possibility of electric lighting in this section.
On November 29, 1889, after a vote had been taken by the citizens of Chambersburg to increase the indebtedness of the Borough by an amount not exceeding $10,000.00 for the purpose of installing an Electric Light Plant to light the streets of the Borough, a contract was placed for the necessary electrical equipment with the Thompson-Houston Electric Light Company at a price of $9,797.50. This plant was installed solely for furnishing lighting for the streets of town. The plant was operated from dark in the evening until twelve o'clock midnight, except on moonlight nights when it was not operated at all.
In 1893, the Borough went into the commercial phase of furnishing current to consumers. It was a far step from this first plant to the present up-to-date efficient plant, and the citizens of Chambersburg are certainly to be congratulated on having had sufficient intelligence to keep this valuable utility for their very own.
AVAILABLE FOR DISTRIBUTION
1937-10,472,343 kilo-watt hours 1938-10,191,690 kilo-watt hours 1939-11,590,400 kilo-watt hours 1940-13,729,150 kilo-watt hours 1941-16,243,700 kilo-watt hours 1942-18,996,100 kilo-watt hours 1943-19,918,059 kilo-watt hours 1944-19,463,973 kilo-watt hours 1945-19,795,909 kilo-watt hours
1946-20,989,200 kilo-watt hours 1947-23,861,208 kilo-watt hours
During the year 1947, the peak load on the Electric Light Plant reached 5,400 kilo-watts, which involved the operation of two 2,500 Kilo-Watt Turbine Generators. The total generated in kilo-watt hours during the year was 22,697,400 kilo-watt hours, and there was purchased 2,321,408 kilo-watt hours.
The total cash and credits in this Department for 1947 were $544,997.78, and the total operating and non-operating expenses were $309,016.56, including $39,348.21 for depreciation, leaving a total gross profit of $235,981.22.
Beginning with January 1, 1933, a Standard Public Utilities Ac- counting and Bookkeeping System was installed for this Department, which involved the making of an appraisal. The Reproduction Value New, less accrued depreciation as of December 31, 1947, was $554,804.55.
47
PHYSICAL DATA-ELECTRIC LIGHT DEPARTMENT-1947
Population of Chambersburg-16,500 (Estimated)
K. W. Hrs. Generated
22,697,400
K. W. Hrs. Purchased from South Penn Power Company 2,321,408
K. W. Hrs. Generated and Purchased 25,018,808
K. W. Hrs. Used by Station Auxiliaries 1,157,600
K. W. Hrs. Available for Distribution 23,861,208
K. W. Hrs. Increase over 1946 2,872,008
K. W. Hrs. Furnished for Street Lighting
637,130
K. W. Hrs. Furnished to Disposal Plant
116,375
K. W. Hrs. Furnished to Office Building
29,923
K. W. Hrs. Furnished to Municipal Market Building
14,041
K. W. Hrs. Furnished to Fire Department
30,682
K. W. Hrs. Furnished to Street Department, Municipal
Garage
3,514
K. W. Hrs. Furnished to Police Department
8,856
K. W. Hrs. Furnished for Traffic Signals
14,677
K. W. Hrs. Furnished for Parking Lots
25,660
K. W. Hrs. Furnished to Comfort Station
6,510
K. W. Hrs. Furnished to Gas Plant
8,557
K. W. Hrs. Furnished to Recreation Department
1,124
K. W. Hrs. Furnished to Christmas Lighting
4,181
K. W. Hrs. Furnished for Miscellaneous Purposes and Activities 5,482
Total K. W. Hrs. Furnished above (Free)
906,712
K. W. Hrs. Furnished to Residential Light Consumers
5,299,770
K. W. Hrs. Furnished to Commercial Light Consumers 4,650,780
K. W. Hrs. Furnished to Power Consumers
11,182,966
Total K. W. Hrs. Sold to all Consumers
21,133,516
Total K. W. Hrs. Sold and Furnished to Borough De- partments, Etc.
22,040,228
Total K. W. Hrs. Lost in Distribution
1,820,980
Percent Lost in Distribution
7.63%
Total Number Active Residential Light Consumers
January 1, 1947
4,759
Total Number Active Commercial Light Consumers-Jan- uary 1, 1947
983
Total Number Active Power Consumers-January 1, 1947 Total Number Active Consumers
6,037
Amount Paid by Residential Light Consumers
$ 173,026.89
Amount Paid by Commercial Light Consumers
141,742.74
Amount Paid by Power Consumers
182,195.50
Total Paid by all Consumers
496,965.13
Received from Sale of Lamps
1,263.28
Received from Jobbing Work
3,056.88
Miscellaneous Receipts
1,319.39
295
48
Total Actual Cash Received from All Sources
502,604.68 Amount of Free Light and Power Furnished to Other Departments
42,393.10
K. W. Hrs. Sold per Consumer per year - Residential
Light
1,113
K. W. Hrs. Sold per Consumer per year -
- Commercial
Light 4,731
K. W. Hrs. Sold per Consumer per year-Power 37,983
Received per Consumer per year-Residential Light 36.35
Received per Consumer per year-Commercial Light 144.19
Received per Consumer per year-Power
617.61
Average price paid per K. W. Hr. including Min. Charge, Residential Light
3.26 cents
Average price paid per K. W. Hr. including Min. Charge, Commercial Light
3.04 cents
Average price paid per K. W. Hr. including Min. Charge, Power
1.62 cents
BALANCE SHEET ELECTRIC LIGHT DEPARTMENT December 31, 1947
Assets
Fixed Capital
Fixed Capital Installed . $1,161,771.65
Construction Work in Pro- gress
13,474.61
Total Fixed Capital
$1,175,246.26
Funds and Special Deposits
Sinking Fund Assets $ 60,492.04
Other Reserve Fund Assets (Including Special De- posits )
Total Funds and Deposits
933,659.11 $ 994,151.15
Current Assets
Cash (Borough Treasurer's. Account)
23.20
Accounts Receivable from Consumers
84,667.33
Other Accounts Receivable (Gas Department, Gen- eral Borough
391,495.41
Total Current Assets
$ 476,185.94
Total Assets
$2,645,583.35
49
Liabilities
Net Worth, Electric Light Department $1,104,716.31
Total Net Worth
$1,104,716.31
Funded Debt
Advance to Electric Light and Sinking Fund (Im- provement Account) $ 900,000.00
Total Funded Debt
$ 900,000.00
Current Liabilities
Consumers' Deposits
$
33,880.75
Total Current Liabilities
Other Current Liabilities 19.19 $ 33,899.94
Reserves
Reserve for Renewals and Replacements $ 606,967.10
Total Reserves
$ 606,967.10
Analysis of Net Worth
Balance beginning of year January 1, 1947
$1,060,778.60
Additions During Year
Net Income for Year 1947 $ 264,152.89
Free Water from Water
Department 1,147.92
$1,326,079.41
Deductions During Year
Contribution to Fire De- partment
$ 12,000.00 Contribution to General Borough
167,700.00
Free Electricity to Borough
41,663.10
Total Deductions
$ 221,363.10
Balance End of Year 1947
$1,104,716.31
OPERATING REVENUE AND EXPENSE STATEMENT ELECTRIC LIGHT DEPARTMENT 1947
Operating Revenues
Metered Sales for Domestic Lighting $ 192,877.56 Metered Sales for Other Pri- vate Lighting 156,007.86
50
Metered Sales for Domestic Power
200,112.31
Metered Sales for Other Electric Utilities 14,442.49
Metered Sales for Other Municipal Lighting
6,658.41
Metered Sales for Municipal Power
2,385.31
Unmetered Sales for Muni- cipal Street Lighting
32,619.38
Consumers' Discounts For- feited and Penalties Im- Posed
45.64
$ 605,148.96
Discounts and Allowances to Consumers
49,523.84
Total Operating Revenues
$ 555,625.12
Operating Expenses
Generating System Expenses
Operating Labor
$ 38,538.94
Fuel
137,784.45
Water
1,147.92
Lubricants
96.95
Boiler Plant Supplies and Expenses
242.75
Other Supplies and Ex-
penses
411.80
Maintenance of Generating System Structures
460.08
Maintenance of Steam Power Equipment
12,453.16
Maintenance of Electric Equipment
1,836.34
Electricity Purchased
30,912.32
$ 223,884.71
Distribution System Expenses
Operating Labor
$ 2,772.23
Supplies and Expenses Over- head and Underground System
70.64
Other Supplies and Ex-
82.56
Maintenance tures
of Struc-
722.12
Maintenance of Overhead
Equipment
5,274.81
Maintenance of Under- ground Equipment
6.08
Maintenance of Services
371.89
Maintenance of Transform- ers
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