User Login    
 + Register
News : Trenton Board Of Public Works Meets
Posted by Randy on 2014/5/28 9:50:17 (517 reads) News by the same author

The Trenton Board of Public Works has been expressing concern for some time about the Electric Department's declining reserve fund.
Click to see original Image in a new window

That concern grew to a higher level when figures showed the Electric Department, for the fiscal year ending April 30th, had expenses surpassing income by $796,000. Once depreciation is included, the loss for the fiscal year in the Electric Department was
$1,176,000.

The Electric Department's unrestricted cash has dropped below $1.3 million. There also is $188,000 of restricted cash.

Trenton Municipal Utilities Director, Chad Davis, said increased power costs were the major factor leading to the loss. He had anticipated results for April would improve the year-to-date figures, but there also was a loss for April. He said the April loss also was attributed largely to power costs. The April loss, before depreciation, was nearly $84,000. The loss, after depreciation, was over $115,000.

Davis said the wholesale power costs for April were higher than anticipated because a planned outage at Prairie States Unit 2 was longer than expected, there were unplanned outages at Prairie States Unit 1 and Iatan Unit 2, and natural gas and market prices were
higher than anticipated.

Davis said, although the loss for the past fiscal year was larger than anticipated, he still believes the rate structure and increase which takes effect June 1st are reasonable and should go into effect as planned.

Davis indicated the Missouri Public Utility Alliance is projecting fairly flat rates for the near term. However, Board of Public Works members expressed doubts. Board of Public Works members also stated a need to stop the declines in the reserve fund and to put money back into reserves. That included the possibility of looking at rates again.

Board Chairman, Robert Day, said a rate structure is needed to stop the bleeding and
put water back in the bucket. He noted some cities have month to month rate increase. Day also indicated the Electric Department's financial situation is really bothering the Board. Member Mark Cole said it cannot be put off anymore. He suggested considering adjustments every month or quarterly.

Chairman Day said the City Council needs to reconsider its policy of transferring funds from Trenton Municipal Utilities to the City's general fund. The City Council last year passed an ordinance calling for the transfer from TMU to the City's general fund to be
1% of the charges for services from the Electric, Water, and Wastewater funds as stated in the most recently completed audit of TMU. The ordinance also says the amount from the electric fund is less street lighting revenue.

The Electric Department's rate structure is expected to be among the topics when the Board of Public Works holds a strategic planning meeting on June 30th.

We told you earlier about the Electric Department's loss for the fiscal year ending April 30th.

The Water and Wastewater Departments had surpluses during the past fiscal year---even after depreciation. The Wastewater Department had a surplus of $167,000 while the Water Department had a surplus of $57,000.

Reserve funds showed the Water Department with nearly $827,000 in unrestricted and
$229,000 in restricted cash.

The Wastewater fund had $587,000 of unrestricted and $567,000 in restricted cash.

In action items, the Board of Public Works approved the purchase of a bucket truck for the Electric Department. The 2015 Ford is being purchased from Equipment Technology, LLC of Oklahoma City at a cost of slightly over $97,000 with a trade-in valued at $13,500. The company, ETI, offers service work from St. Joseph. It was considered the best bid among various options from 2 companies.

The Board of Public Works, approved a pole attachment agreement with Wanrac, LLC. The company will be able to make attachments to TMU utility poles for the company's
local fiber optic service. The attachment fee is $10 a year for each pole. The agreement is 15 years. The fiber optic service is to be between Trenton R-9 schools.
Around 100 poles are expected to be used.

Among other discussion at the Trenton Board of Public Works meeting, the water quality project at the water plant area has exceeded the deadline to have the work completed. However, water quality standards have been met during the past 2 quarterly tests.

A water quality standards report is being mailed with TMU utility bills this week.

The Board again discussed the status of work to be able to generate power locally when incoming purchased power is curtailed. The south substation is ready for testing. However, more work is needed at the north substation. Testing would require power to be curtailed. TMU Director Davis indicated an internal test would be more expensive than prudent. The cost to produce electricity locally is estimated at $3,000 thousand to $6,000 an hour or more depending on the price of fuel.

A retirement reception for David Mlika is Friday from 11 until 1 o'clock at the water plant.

Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2014/11/20 10:11:22 - Trenton Purchasing Committee Meets For First Time
2014/11/20 10:09:02 - Breakfast Fundraiser Planned At VFW Hall In Trenton
2014/11/20 10:06:10 - Grundy County Commission Accepts Snow Removal Bid
2014/11/20 10:04:01 - Livingston County Library Hosts Decorating Program
2014/11/20 10:01:54 - Grundy County Nursing Home District Meets
2014/11/20 9:58:51 - Chillicothe Fire Department Responds To Grass And Shed Fires
2014/11/20 4:56:43 - Teen Pedestrian Hit By Van In Jamesport
2014/11/20 4:25:40 - Youngest Defendant Pleads Guilty To 3 Murders That Happened 5 Years Ago
2014/11/20 4:21:46 - Man Missing For Over A Month Found In Branson
2014/11/20 4:18:56 - Combine Sharing Program Aims To Boost Farm Income
2014/11/20 4:16:00 - Police: Young Man Beaten And Run Over
2014/11/20 4:12:27 - Monthly Budget For Mom Who Left Kids In Hot Car: $4,172
2014/11/20 4:03:25 - Gilman City Man Dies In Crowder State Park Accident
2014/11/19 10:21:39 - Trenton Board Of Public Works Meets
2014/11/19 6:35:15 - Cameron Trucker Receives Minor Injuries In Highway 169 Accident
2014/11/19 6:30:00 - Chillicothe, Hamilton Residents Injured In Highway 36 Accident
2014/11/19 4:25:58 - Baby Given ZzzQuil By Mom Also Had Nicotine Poisoning
2014/11/19 4:23:14 - New Bullet Dubbed "Last Round You'll Ever Need" Hits Market
2014/11/19 4:18:52 - Monster Snow Storm Hits New York: More Than 4 Feet Of Snow Falls
2014/11/19 4:14:42 - Missouri Executes Leon Taylor For 1994 Killing
2014/11/19 4:10:59 - Additional Plans Announced For Festival Of Trees
2014/11/19 4:08:21 - Spickard Board Of Education Meets
2014/11/19 4:05:16 - Princeton Board Of Education Meeting Report
2014/11/19 4:01:47 - Pickup Overturns Injuring Two In Livingston County
2014/11/19 3:55:51 - Livingston County Sheriff Arrests Two On Burglary Charges
2014/11/18 10:00:00 - Mound City Man Dies In Bridge Collapse
2014/11/18 9:58:46 - Trenton Police Department Conducts Alcohol Compliance Check On Local Businesses
2014/11/18 9:29:57 - Missouri Corn Crop Averages More Than 200 Bushels Per Acre
2014/11/18 7:41:01 - Four Vehicle Accident Near Cameron Injures Three
2014/11/18 7:37:35 - Two Separate Accidents Cause Injures To Maysville And Lenexa Residents



Bookmark this article at these sites

                   

Listen to KTTN-FM