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Brief Agenda for Lamar Utility Board

 

 

The Lamar Utility Board covered the basics in a brief meeting on Tuesday, November 27, with approval of purchase orders of $63,236.69 and payment of bills of $774,301.37 for the past month.

Light Plant Superintendent, Houssin Hourieh, provided the October 201 financial report showing cash is up $266,823 from September and accounts receivable decreased by $398,262. Total operating revenues for the year are $13,434,310 and total operating costs are $10,691,805 resulting in gross operating income of $2,742,505.  When the non-operating revenues and expenses are taken into consideration there is a net income of $1,258,784 year to date.

When compared to 2017 revenues from retail sales are up approximately $582,935 or 5% comparing October 2018 to October 2017 and overall operating expenses are up approximately $488,468 or 5% resulting in a net income of $1,258,784 for the year.

Through the end of October, the Light Plant turbines have generated 9224.72MWH’s of electricity which is about 2.83% higher than the same period last year. The turbines have an average capacity factor of 27.15% which is lower than last year by 1.33%.  The Springfield turbine, through the same period produced an average capacity of 45%. The annual maintenance program for the five turbines is now underway.

The final regular meeting of the Lamar Utility Board is set for Tuesday, December 11th.

By Russ Baldwin

Filed Under: City of LamarConsumer IssuesFeaturedUtilities

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