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News : Trenton Board Of Public Works Meets
Posted by Randy on 2014/4/30 9:52:23 (310 reads) News by the same author

The Trenton Municipal Utilities Electric Department had expenses surpassing revenues by $681,000 during the first 11 months of the fiscal year.
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However, when depreciation is included, the loss is slightly over $1 million during that May through March period.

That left unrestricted cash at less than $1.7 million. The Electric Department has another $188,000 in restricted cash.

The Electric Department's financial situation was among general discussion at last night's Trenton Board of Public Works meeting. Much of the loss during the past year is attributed to a 21% increase in power costs. Trenton Municipal Utilities Director, Chad Davis, indicated electric costs in the upcoming year are expected to be the same, or slightly lower than during the past year. He also said a lot of things contributed to the 21% increase in the past year.

The Board of Public Works, last month approved electric rate increases designed to improve revenue for TMU by 11 1/2% . The increase goes into effect beginning with June usage, which shows up on bills received in July. Some customers will receive an increase of less than 11 1/2%, while others will have a greater hike based on changes in the way rates are calculated. Again, that's the increase approved last month.

The Trenton Municipal Utilities Water and Wastewater Departments both had positive financial numbers for the first 11 months of the fiscal year. The Wastewater Department had a profit of $271,000 while the Water Department had a profit of $215,000. Both of those figures are after depreciation.

The water fund has nearly $1.1 million in unrestricted cash and $229,000 in restricted money.

The wastewater fund has $589,000 in unrestricted and $567,000 in restricted cash.

Other discussion at the Board of Public Works meeting included working with ConAgra regarding wastewater.

Trenton's Wastewater Plant has received an award from the Missouri Water Environment Association. The plant was recognized for having the sludge program of the year.

More smoke testing of Trenton's sewer system is to be held when drier weather occurs.

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