BPU Divisions Profit In 2013
All five divisions – electric, water, wastewater, solid waste and district heating – for the Jamestown Board of Public Utilities made a profit in 2013.
That is according to the unaudited financial summary for last year that was released during a recent BPU meeting. According to Mike Anderson, BPU business manager, electric made $4.66 million, which was $1.2 million more than budgeted. The water division was up $686,000, an increase of $253,000 more than projected. The BPU’s wastewater sector had a net income of $614,000, which was $403,000 greater than budgeted. Solid waste was up $240,000, an increase of $86,000 more than projected. The district heating division made $52,000, which was the figure budgeted by BPU officials for 2013.
David Leathers, BPU general manager, said, overall, 2013 was a successful year for the BPU.
”For the first time ever there was no rate increase for all five divisions,” he said.
Tariff sales totaled more than $33 million, 2 percent higher than budgeted. Billed kilowatt hours increased 1 percent compared with 2012; with residential sales up 5.1 percent, commercial sales level and industrial sales down 1.6 percent. Off-system sales were more than $13.3 million, $6 million, or 81 percent, more than budgeted.
Operating expenses totaled more than $39 million, which was $2.6 million, or 7 percent, more than budgeted. The electric division’s cash position at the end of 2013 was $19.3 million compared with the beginning of the year amount of $15 million – an increase of $4.26 million.
Tariff sales totaling $4.83 million were $123,000, or 3 percent, more than budgeted. Billed water consumption increased .7 percent last year compared with 2012. Operating expenses totaling $4.35 million were $201,000, or 5 percent, under budget. During 2013, the BPU had 126 main and service leak repairs, compared with 130 in 2012. The water division’s cash position at the end of 2013 was $1.9 million, compared with the beginning of the year amount of $1.7 million, which was an increase of around $200,000.
Tariff sales totaling $4.6 million were $42,000, or 1 percent, more than what was budgeted. Operating expenses totaled $4.45 million, which was $341,000, or 7 percent, under budget. The wastewater division’s cash position was $3 million at the end of last year, that was $497,000 more than the end of 2012.
SOLID WASTE DIVISION
Total operating revenues of $2.04 million were $5,000 under budget and total operating expenses of $1.80 million were $91,000 under budget. Labor costs were flat, while all other controllable operating expenses came in under budget. The cash position at the end of 2013 was $942,000, compared with the beginning year cash position of $678,000, which was an increase of more than $260,000. Three new recycling trucks were purchased in January 2014 for $515,000 – $257,000 of the costs will be reimbursed by a grant.
Heat sales during 2013 were $1.46 million, 13 percent less than budget. Cooling sales for 2013 were $96,000, 15 percent more than budget. Operating expenses of $1.37 million were 13 percent under budget. The cash position at the end of last year was $1.95 million, compared with the beginning year cash position of $1.8 million. Capital improvements totaling $229,000 were added to the system in 2013.