Wednesday, February 17, 2010

BWD Finance Committee

Tuesday - February 16: The Buckeye Water District's Finance Committee held a meeting this past Tuesday at their Admin Office on Clark Ave. Present at the meeting was Board of Trustees President Mike Ryan, Committee Member Bob Wines and Fiscal Administrator Sara Crouch. Purpose of the meeting was in preparation of the monthly Board of Trustees regular get together.

Fiscal Administrator Crouch announced nothing out of the ordinary occurred for the Monthly Fund Summary. Accounts Receivables have started to rise in January over December. Crouch remarked the district is pumping a lot more water.

There will be three "then & now" bills for the Trustees to consider tomorrow. Two invoices are from Dallis Dawson & Assocs. The first is $3,500 for Salineville Water Line Construction management and the second is for $3,155 for their work on a loan application for the Phase B portion of that project. The third bill is for $5,660 for independent expert testimony provided in the trial of the recently settled Susany lawsuit.

The Automatic Bill Payment service is nearly ready to go. This service provided by BWD gives water customers the option to have their bills automatically deducted from either their checking or savings account. Funds are all electronically transferred each month on the due date for the bills. There's no checks to write, no postage stamps or gasoline to burn if a customer uses this payment option. Applications for this service were included in the latest round of billing. We got ours yesterday. The automatic payment option will begin with bills due in April for applications received by March 26, 2010. You can call BWD at 330-532-4139 with any questions.

For the month of January the Water Treatment Plant produced 30,420,000 gallons of water to district customers. Wellsville folks used 7,105,000 gallons out of that total. Cost to produce one gallon of water for January was $1.62.

The regular monthly meeting of the BWD Board of Trustees is scheduled for Thursday morning, February 18, at 9 o'clock at Wellsville Village Hall. Wonder if we'll get a Floriday Keys weather report...

ole nib

4 comments:

ciw said...

$1.62 a gallon! Unbelievable. Crystal Springs sells 5 gallons of purified water for $6.99. Or $1.398per gallon.

No wonder our water rates are so high.

************* said...

That cost covers everything from salaries,employee benefits, supplies, everyday maintainence and loan payments. It ain't cheap building, operating and expanding a district water company. However, considering any of the alternatives we believe we're getting a quality product for the price we have to pay.

nib

ciw said...

Nib: you need to check your source for the cost. Consider that my usage for the month of January was 3000 gallons (It may show on my bill as 3 but believe me I probably drink more than 3 gallons in a month.

Anyway my bill was $40.07.

According to your figure it cost Buckeye water $4860 to produce 3000gallons which they then sold to me for $40.07.

************* said...

Actually I was told this morning the cost is $1.62 per 1,000 gallons. I'm no mathematician. I'll be the first to admit. You do the math.

nib