Although Rolla Municipal Utilities for several months has posted more operating expenses than operating revenue, it ended the fiscal year with “good cash reserves,” its auditor said Thursday.
Although Rolla Municipal Utilities for several months has posted more operating expenses than operating revenue, it ended the fiscal year with "good cash reserves," its auditor said Thursday.
"The best of all the utilities we audit" is the way Andy Marmouget, partner with Davis, Lynn & Moots auditing firm, described the fund balances to the Board of Public Works at its monthly meeting.
Marmouget said the municipal utility company received a "clean audit."
After that presentation, Business/Finance Manager Dennis Roberts gave a report on November's operations.
Total operating income amounted to $2,418,728.65, while operating expenses totaled $2,617,902.90 for an operating loss of $199,174.15.
Other income, such as interest, fees and rent, totaled $29,296.27, moderating the November loss to $169,877.88.
In other business or discussion:
• Operations Manager Tom Parker reported on ongoing work, including a new transformer set at 1001 N. Rolla St. for new apartments and a new pole, overhead and underground primary service and transformer installation for new townhouses at 2051-2079 Vichy Road.
• The board accepted a $249,341 bid from Altec Industries, St. Joseph, for a 2014 International cab and chassis with a digger derrick.
•General Manager Rodney Bourne reported on the quarterly meeting of the Missouri Public Utility Association. The focus of the association will be on tracking reliability statistics. RMU already does that and the report will come out next month. Bourne noted the RMU power outage time is about half that of Ameren and one-third that of Kansas City Power and Light. He said that indicates that locally operated municipal utilities can serve their communities better.