Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $22,046

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

  total $15,232,723 · related or exempt $15,232,723

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

  total $302,959 · excluded $302,959

• 7a · Gross sales of assets other than inventory

  other assets $8,500

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

  other assets $0

• 7c · Gain or loss

  other assets $8,500

• 7d · Net gain or loss

  total $8,500 · related or exempt $8,500

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $22,046

• 4 · Benefits paid to or for members

  total $226,720

• 20 · Interest

  total $2,142,078

• 22 · Depreciation, depletion and amortization

  total $1,952,102

• 24a · Other expenses: OPERATIONS

  total $3,738,224

• 24b · Other expenses: MAINTENANCE

  total $2,329,128

• 24c · Other expenses: ADMINISTRATIVE AND GENE

  total $2,050,229

• 24d · Other expenses: COST OF POWER

  total $872,193

• 24e · All other expenses

  total $515,610

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,186,236 · end of year $4,958,826

• 4 · Accounts receivable

  beginning of year $1,341,742 · end of year $1,482,348

• 8 · Inventories for sale or use

  beginning of year $468,893 · end of year $446,071

• 9 · Prepaid expenses and deferred charges

  beginning of year $53,572 · end of year $121,050

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

  $90,983,046

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

  $20,606,587

• 10c · Land, buildings and equipment, net

  beginning of year $68,848,975 · end of year $70,376,459

• 13 · Investments: program-related

  beginning of year $1,615,590 · end of year $1,724,665

• 15 · Other assets

  beginning of year $1,651,903 · end of year $1,588,601

• 17 · Accounts payable and accrued expenses

  beginning of year $742,150 · end of year $1,230,730

• 23 · Secured mortgages and notes payable

  beginning of year $44,122,026 · end of year $42,558,842

• 25 · Other liabilities

  beginning of year $5,779,528 · end of year $7,613,514

• 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 $25,543,641 · end of year $25,518,650

• 31 · Retained earnings, endowment or other funds

  beginning of year $1,979,566 · end of year $3,776,284

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.