Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: WATER AND SEWER SALES

  total $16,592,680 · related or exempt $16,592,680

• 2b · Program service revenue: CAPITAL CREDITS AND PAT. DIV.

  total $355,900 · excluded $355,900

• 7a · Gross sales of assets other than inventory

  other assets $58,550

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $58,550

• 7d · Net gain or loss

  total $58,550 · related or exempt $58,550

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $623,818

• 20 · Interest

  total $2,103,262

• 22 · Depreciation, depletion and amortization

  total $2,031,464

• 24a · Other expenses: OPERATIONS

  total $3,745,699

• 24b · Other expenses: MAINTENANCE

  total $2,399,133

• 24c · Other expenses: ADMINISTRATIVE AND GENE

  total $1,963,671

• 24d · Other expenses: COST OF POWER

  total $915,541

• 24e · All other expenses

  total $394,085

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,958,826 · end of year $4,734,950

• 4 · Accounts receivable

  beginning of year $1,482,348 · end of year $1,657,974

• 8 · Inventories for sale or use

  beginning of year $446,071 · end of year $1,047,254

• 9 · Prepaid expenses and deferred charges

  beginning of year $121,050 · end of year $65,599

• 10a · Land, buildings and equipment: cost or other basis

  $96,855,994

• 10b · Land, buildings and equipment: accumulated depreciation

  $21,746,472

• 10c · Land, buildings and equipment, net

  beginning of year $70,376,459 · end of year $75,109,522

• 13 · Investments: program-related

  beginning of year $1,724,665 · end of year $1,838,712

• 15 · Other assets

  beginning of year $1,588,601 · end of year $1,526,917

• 17 · Accounts payable and accrued expenses

  beginning of year $1,252,776 · end of year $1,186,082

• 23 · Secured mortgages and notes payable

  beginning of year $42,558,842 · end of year $41,315,591

• 25 · Other liabilities

  beginning of year $7,591,468 · end of year $11,375,550

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $25,518,650 · end of year $25,526,255

• 31 · Retained earnings, endowment or other funds

  beginning of year $3,776,284 · end of year $6,577,450

The filer's explanations (Part III)

PART I, LINE 3

RELATED ORGANIZATION METHODS USED FOR COMPENSATION EXPLANATION - COMPENSATION PROCESS FOR TOP OFFICIAL THE GENERAL MANAGER'S SALARY IS SET BY THE BOARD OF TRUSTEES. A COMPENSATION COMMITTEE RECOMMENDS THE SALARY BASED ON NATIONAL SURVEYS. THE FULL BOARD OF TRUSTEES APPROVES THE GENERAL MANAGER'S SALARY.