The Nesquehoning Borough Water Authority's auditor John M. Nonnemacher, CPA from Snyder and Clemente of Hazleton, explained the Financial Statements from Sept. 30, 2010 and 2009 to members of the authority.
On Sept.30, 2010, the authority's total assets decreased by about $249,000 as compared to the previous year-end. A total of $158,000 was expended on a water line replacement.
Total net assets of $3,439,627 were $199,902 higher than the prior year's balance as a result of the authority's profitable operations.
The authority did not increase its water rates during 2010.
Total operating expenses of $526,566 increased from Sept. 30, 2009 primarily due to an increase in plant expenses.
The authority received $111,485 from the Environmental Protection Agency to partially fund the water line replacement project.
They did not sell as much water from the hollow this year.
The Pennvest Loan will be paid off in 2015. Board vice president, Frank Parano commented that "We're not in bad shape, but we could be better." The board will read the statement and likely approve it at next month's meeting.
Tom Merman, resident, asked the board about revenue coming in this year compared to last year.
It was reported that the road going up to the Fourth Hollow was washed out and in need of repairs.
David Hawk, president, said "According to DEP and BRC we (the water authority) are not required to report numbers on privately metered wells."
That will be reported to the borough council and see what they want to do about it.
"We are not in a position to supply meters. It's up to the borough. The authority does not stand to gain from it financially," he said.
Beginning in January, landlords will be sent a letter stating that tenants must pay the landlords for their water.
Landlords in turn are responsible and will pay the water authority for the bill.
Chemical bids were opened by president Hawk. Three bids were received. North East Chemical, Miracle Chemical Company, and Univar. Univar had the lowest bids except for one and that will be ordered from North East Chemical. The present contract expires on December 16.
A discussion followed on the preliminary budget.