Posts by the Treasurer and others of periodic financial information, such as monthly reports
There is a water leak somewhere in the system that should be obvious, but we cannot find it. The silos were 36 feet (38 feet is full) yesterday morning at 9:00am and down to 9 feet this morning at 10:00am – that’s almost 300,000 gallons of water lost in 24 …
Overall, our old water company is in great shape. A few callouts from the reports: — Water usage is WAY down. (Economists would take the lesson that water consumption IS elastic, at least at a certain price point…) — Systems Operations costs are well under control. (Bravo Dave!) …
Financially, no big surprises in Q1 and things are going well. A few key remarks: — Revenues are higher than last year and higher than 25% of annual budget. — running ahead of budget is normal in Q1 as we bill high summer water use. …
Would you like to participate in Dockton Water’s “Good Neighbor Fund”? Dockton Water Association members (water share holders, like you) are making monthly donations so that we can reduce the water bills of neighbors needing financial assistance. You can learn more about the Good Neighbor Fund program from the insert …
Here are the financial reports published for the complete fiscal year, July 2022 thru Jun 2023. (note: there can still be some very minor changes as we work with the CPA and catch any final items.) The summary format, below, is limited to the 3 main funds. (It does not …
Nice to have a cool, rainy afternoon to produce the quarterly report! No surprises but with Operations income a bit lighter than budgeted vs slightly higher costs, we will be closer to break-even than planned and may need to reduce our transfer to the Replacements Fund to $40,000, instead of …
At the January 2023 Board meeting, the Directors approved a motion to increase the Association’s Membership Fee. This fee (at times referred to as the “Share Price”) was raised to $10,000 in 2003. In the ensuing 20 years, property values in greater Dockton increased by more than 150%, based on …
We are about where we’d expect to be halfway through the year. Comments below correspond to numbered items in the Funds Report. COMMENTS: — #1: beginning balance in Operations Fund is lower than budget primarily due to an additional billing for the Small Water System Management Plan booked at the …
No big surprises in Q1. We are starting to see the impact of the rate change (increased revenue vs prior year). See superscript numbers and related comments below for more insights. COMMENTS: — #1: beginning balance in Operations Fund is lower than budget primarily due to an additional billing for …