The Trenton Municipal Utilities electric department is about to start receiving higher income levels from a rate increase that took effect last month.
Bills including the higher electric rate soon will be received by customers.
TMU electric department expenses last month surpassed income by nearly $121,000. When depreciation is included, the loss for June was $152,000. The electric department's loss for the first 2 months of the fiscal year is nearly $314,000 when including
The electric department's cash analysis shows unrestricted funds at less than $1.4 million. Restricted funds total $188,000.
TMU Director, Chad Davis, expects what he called a major increase in income from the July billing compared to the same month last year.
TMU cash, when including the electric, water, and wastewater funds, was nearly $1,621,000 as of the end of June.
The TMU wastewater department had revenues surpassing expenses by more than $99,000 in the first 2 months of the fiscal year compared to the same period last year.
The TMU water department had revenues exceeding spending by nearly $89,000 in the first 2 months of the fiscal year.
Both figures included depreciation.
The Board of Public Works approved bids to replace poles for a north 69 kilovolt line. RS Electric Utility Services of St. Joseph was approved to do the construction at nearly $224,000. That was the low bid among 3 received. The Board chose Fletcher-Rhinhardt of Bridgeton, Missouri to supply materials at a cost of slightly over $29,000. That was the lowest among 2 bids received.
Stress Crete Group of Atchison, Kansas was the only bidder to supply poles. The price is more than $99,000.
It's anticipated the project will begin in late October or early November. It's to be funded via certificates of participation that were approved in April.
Consideration of the construction project now goes to the Trenton City Council.
The Trenton City Council, on Monday night, voted to have the gates open to the reservoirs in western Trenton to allow easier access for fishing. As a result, the TMU Board of Public Works has asked TMU Director, Chad Davis, to develop a list of what needs to be done to make that area more secure---and the cost.
The project at the water treatment plant area to reduce trihalomethane is expected to be completed around August 7th. The cost of the construction is nearly $3.6 million. That's nearly $104,000 greater than the original price. Irvinbuilt Constructors of Chillicothe is the contractor .
TMU customers are to receive a letter in this week's TMU billing, talking about changes in the disinfection process that starts in about 30 days.
The Board of Public Works also held a closed session for real estate last night. There was no announcement afterward. The Board holds a strategic planning session tomorrow (Thursday) evening at 5:30 at Trenton City Hall.