(Grayson County, KY)-Brad Travis with Buckles, Travis & Sloan Accounting began the Grayson County Water District meeting with the dispensing of the districts yearly audit report. “No significant difference in one year to the next; couple $100,000 difference from one year to the next,” was Travis’ brief overview. He said the difference in money was due to monies being moved between accounts because of construction completions throughout the year.
The districts income statement showed the revenue down approximately $250,000 for the year in comparison to 2007. Travis said most of it was due to the issues with the Duff water tank project early in 2008. The total revenue reflected for 2008 was $345,000.
District employees have been laying the ground work for the new radio read meters to be installed. District Manager Kevin Shaw said the 2500 meters should arrive in 4-6 weeks and employees have been drilling the necessary holes into the lids that will hold the meters. The installation time will be reduced greatly. The district will be financing the $362,375 cost for a term of 12 years. Shaw said the meters will be replaced in 13 years. (LISTEN) The new meters will not warrant a rate increase; they will pay for themselves through labor savings. This set of radio read meters will put the district at 2/3 of their entire customer base on a digital system. He said the district will not be downsizing their employee base but simply freeing up employees for other areas of work.
The January Ice Storm cost the water district $66,007.99, which is the amount they filed with FEMA recently. Shaw said if that number stays consistent and the district recovers a full 87% then they should see $57,426.95 of the money come back to them. Shaw said they shouldn’t expect the money anytime soon.
The Ice Storm brought with it several customers experiencing leaks from busted water pipes. A total of 3,697,000 gallons of water leaked. Shaw said the Public Service Commission approved the district’s request to adjust these customers’ water bills for the overage back to a wholesale water rate. He said it would be approximately $17,561 in adjustments and to his knowledge they are the only utilities company offering their customers an adjustment due to water leaks.
The water tank located by the Grayson County Detention Center will be taken out-of-service next week as Bluegrass Cellular has completed their welding project and plans to come back and begin touchup work on the tank. Shaw said they will have to allow 7-10 days for curing time of the paint; weather permitting.