The Nesquehoning Water Authority was presented with the completed audit Monday night by John M. Nonnemacher, a certified public accountant for Snyder and Clemente in Hazleton.

As per the audit, the authority's financial statements were said to "present fairly, in all material respects, the financial position of the business-type activities of the authority as of Sept. 30, 2012 and 2011, and the respective changes in financial position and cash flows thereof for the years then ended in conformity with accounting principles generally accepted in the United States of America."

No exceptions were found.

Total Operating Revenues decreased from $750,015 in 2011 to $707,656 in 2012. The majority of the difference stems from a decrease in the sale of water.

Total Operating Expenses for the authority also decreased from $567,181 in 2011 to $553,244 in 2012.

The Operating Income for 2012 is listed at $154,412 versus $182,834 in 2011.

Total Net Assets for 2012 $3,748,398 for 2012, which is an increase from the 2011 figure of $3,605,018.

Nonnemacher stated that when an audit is completed, they don't just look at the numbers but they also test bids and review internal controls. Last year, it was recommended to the authority that they switch to a computerized accounting system and shortly thereafter, they did.

"This is the first audit that Mary Theresa (Hunsicker) had all of the books computerized on Peachtree," Nonnemacher said. "I am proud to say that Mary Teresa as done quite well."

Nonnemacher also noted that rate payers should be aware how "significant" the sale of reservoir water is to Nesquehoning.

In 2012, it accounted for 21 percent of total water sales."It is important for rate payers to know how well managed the authority is," said Nonnemacher.

The audit will be reviewed by authority members and considered for approval for the January 2013 meeting.

In other business, chemical bids were opened and awarded last night to Northeast Chemicals for propylene glycol at $638.90 per drum; Main Pool & Chemical for Dense Soda Ash and Liquid Chlorine at $11.99 per bag; and $189 per cylinder respectively and Univar USA for Aqua-Mag at $357 per drum.

Bids for alternative products other than what was specified were not considered.