Public Service District has cut expenses
The Warm Springs Public Service District received an audit report from Decker & Company, Pllc for the fiscal year ending June 30, 2012.
Independent auditor David Decker presented the report to the District’s board at the November 14 meeting. The report showed that expenditures dropped $69,000, or 10.7% from the previous fiscal year.
“No one particular item stands out, but it looks like that overall, one can tell from reading this, that you have consciously tried to do with what you have and cut expenses where you could,” Decker told General Manager Rodney Hovermale and the three board members Paul Zorich, Mike Jenkins and Joyce Altomare.
Even with the reduction in expenses, the District had a net loss of $195,000, down from $205,000 the previous fiscal year. Decker explained this was not a cash loss, but was due primarily to depreciation of plant and fixed assets. Hovermale also noted revenue was down 2.5%.
The audit report noted deficiencies in bond accounts. As of June, the District had a deficit of $112,000.
The West Virginia Public Service Commission approved a 3.45% temporary surcharge in June until the deficit is made up. The surcharge was reflected in customer bills starting July 31.
The board approved signing a letter of partnership with the Warm Springs Watershed Association aimed at helping the Association qualify for grants to improve the stream.
Hovermale said he was hopeful a grant could be obtained to pay for removing manholes from the stream.
The board approved a vehicle safety policy calling for vehicle inspections prior to use and a weekly inspection for vehicles not used during the week.
The board decided not to enter into a contract with a uniform service company this year and instead authorized Hovermale to purchase uniform clothing for plant employees and himself up to $500 per employee.
Zorich and Jenkins voted for the motion, Altomare was opposed. She did not agree that Hovermale, who sometimes has to work at the plant for coverage, should be included.