Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

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

  total $17,273,221 · related or exempt $17,273,221

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

  total $288,424 · excluded $288,424

• 3 · Investment income

  total $6,914 · excluded $6,914

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $489,766

• 20 · Interest

  total $2,399,098

• 22 · Depreciation, depletion and amortization

  total $2,099,748

• 24a · Other expenses: DISTRIBUTION OPERATION

  total $4,149,384

• 24b · Other expenses: DISTRIBUTION MAINTENANC

  total $2,432,302

• 24c · Other expenses: GENERAL AND ADMINISTRAT

  total $2,224,440

• 24d · Other expenses: COST OF POWER

  total $990,593

• 24e · All other expenses

  total $535,881

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,734,950 · end of year $5,675,551

• 4 · Accounts receivable

  beginning of year $1,657,974 · end of year $1,676,964

• 8 · Inventories for sale or use

  beginning of year $1,047,254 · end of year $898,394

• 9 · Prepaid expenses and deferred charges

  beginning of year $65,599 · end of year $57,459

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

  $105,410,109

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

  $23,053,803

• 10c · Land, buildings and equipment, net

  beginning of year $75,109,522 · end of year $82,356,306

• 13 · Investments: program-related

  beginning of year $1,838,712 · end of year $1,924,866

• 15 · Other assets

  beginning of year $1,526,917 · end of year $1,533,699

• 17 · Accounts payable and accrued expenses

  beginning of year $1,186,082 · end of year $1,573,878

• 23 · Secured mortgages and notes payable

  beginning of year $41,315,591 · end of year $45,515,433

• 25 · Other liabilities

  beginning of year $11,375,550 · end of year $12,600,446

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $2,050

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

  beginning of year $25,526,255 · end of year $25,532,402

• 31 · Retained earnings, endowment or other funds

  beginning of year $6,577,450 · end of year $8,899,030

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.