The Nesquehoning Borough Water Authority had a special guest at its meeting. Attending was John Nonnemacher, CPA for Snyder and Clemente Accountants and Consultants of Hazleton, auditors for the borough authority.
Nonnemacher told the board that, "This is one authority that is well-managed." Frank Parano, vice president of the authority responded that, "We worked very hard to keep the rates low for the last 11 years."
Nonnemacher stated that on September 30, the authority's total assets increased by $103,600 as compared to the previous year-end. And the total liabilities decreased by $92,000 as compared to the previous year-end. He went on to state that same date the total net assets of $3,239,725 were $195,438 higher that the prior year balance. The authority did not increase its water rates during 2009.
Net water sales revenue decreased by approximately $5,000. Decreased consumption resulted in a decrease residential water sales of $10,000, decreased consumption resulted in a decrease in sales of industrial water by $26,000 The sale of reservoir water increased $35,000 due to in crease in consumption.
For the year ending September 30, total operating expenses of $507,925 increased by $37,085 from September 30, 2008 primarily due to water system maintenance and repair expenses.
Gary Porembo, authority member, made a motion and all agreed to the $21,232.60 be held until Bellview pays them outstanding bills for the permits and pipes bought from the co-generation plant that have not yet been paid. Ron Tirpak, engineer, will contact Bellview andremind them again.
Mary Theresa Hunsicker, office manager, said there are no outstanding water bills from customers at this time.
Submitted bids were opened and read by chairman David Hawk. The board agreed to go with Northeast Chemical with the best bids for the soda ash, aqua mag, and glycol. They will purchase the chlorine from Coyne Chemical.