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RSSAll Entries Tagged With: "Lamar Utilities Board"

LUB Sets 2019 Budget, Approves Annual Uncollected Fees

LUB Sets 2019 Budget, Approves Annual Uncollected Fees

    The Lamar Utility Board approved the budget for 2019 and approved the write-offs for uncollected fees for 2017 during their October 9th board meeting. The budget includes total revenues in excess of $16.9 million, $15.8 million from retail electric sales and the balance primarily from wind turbine production. Total operating expenses of almost […]

Council Approves 2019 Budget Ordinance & Mill Levy

Council Approves 2019 Budget Ordinance & Mill Levy

    The Lamar City Council, following a public hearing on the 2019 budget, passed an ordinance on first reading on Monday, October 8, 2018, which adopts the new budget and authorizes revenue and expenditure levels for the new fiscal year. The General Fund for 2019 is $8,667,989. Other areas include the Sales Tax Fund […]

Lamar Utility Board Reviews Proposed 2019 Budget for Light Plant

Lamar Utility Board Reviews Proposed 2019 Budget for Light Plant

    The Lamar Utility Board reviewed their draft proposal for the 2019 budget for the Transmission and Distribution Operation of the Light Plant during their September 25th meeting.  Estimated revenues for 2019 are $15,859,323 for charges for services, based on sales of electric power to all customers.  Investment earnings show an estimated increase at […]

LUB Discusses Solution for ARPA Repayment to Light Plant Customers

LUB Discusses Solution for ARPA Repayment to Light Plant Customers

  The Lamar Utility Board began their 2018 monthly meeting with the financial statements for November 2017 which showed that cash is up $326,438 from October and accounts receivable decreased by $233,471. The total operating revenue for the month was $1,097,657 with operating costs of $840,985 for a gross operating income of $256,672.  When the […]

Position Opens on Lamar Utility Board

Position Opens on Lamar Utility Board

Leo Hernandez, Lamar Utility Board member, indicated he is stepping down from his seat, now that his term has expired. “I can attend some future meetings for a while,” he explained, but stated he is not considering an additional term.  The board will make arrangements to advertise the position to the area. Board members meet […]

Lamar Utility Board Meeting Notes ARPA Lawsuit Probably Back on the Table

Lamar Utility Board Meeting Notes ARPA Lawsuit Probably Back on the Table

    The Lamar Utility Board members held a brief meeting, Tuesday, July 11, 2017 to approve purchase orders totaling $731,781 and monthly bills of $188,145.13. Members also approved the purchase of stock inventory of crossarms and line hardware for power pole equipment.  The lowest of seven bids, $10,440, was approved by unanimous vote. Lamar […]

ARPA Settlement Case May Be Decided by July

ARPA Settlement Case May Be Decided by July

    Both parties in Case 31 have decided on a self-imposed deadline of July 17, 2017 to secure unanimous approval of ARPA’s member municipalities and to come to an agreement between Arkansas River Power Authority as Defendant and the Plaintiff in the case, the City of Lamar. The Senior Judge in the lawsuit, Scott […]

Finance on the Agenda as LUB Closes 2016

Finance on the Agenda as LUB Closes 2016

Two action items on the Lamar Utility Board’s agenda dealt with finances for the approaching year. Board members unanimously passed the annual resolution for the Charter Appropriation Adjustment Tariff.  The appropriation for 2017 is $1,610,223 and is derived from a formula involving the amount budgeted to the City of Lamar for the next year which […]

Syncora Lawsuit Against ARPA Ratepayers Dismissed

Syncora Lawsuit Against ARPA Ratepayers Dismissed

Syncora Guarantee Corp. of New York, a bond insurer for the Lamar Repowering Project, has seen its lawsuit against the Ratepayers recently dismissed in court. The lawsuit was filed in August 2015 against Colorado Mills, the Ports to Plains Truck Plaza and the Rodeway Cow Palace Inn.  The suit alleged that the defendants, through their […]

Utility Board Discusses Solar Power Options

Utility Board Discusses Solar Power Options

Doug Thrall, a member of the Lamar Utility Board, introduced the possibility of establishing a solar panel farm to produce power to supplement several hundred subscribers in Lamar.   Customers of Lamar Light and Power are paying, in addition to the electricity they receive, the balance of the construction cost of the failed coal-fired plant.  A […]