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Cobb County Merit Water Authority reports year-end sales, capital spending and equipment purchase
Summary
The Cobb County Merit Water Authority reported average daily sales and year-to-date capital spending, and said it will purchase a replacement truck for hauling treatment residuals.
A representative identified as Mr. Chalfont delivered a report covering operations and finances through Dec. 31 (final numbers to be available later). He said average daily water sales for the month averaged 69 million gallons per day versus a budgeted 68 million, with monthly sales revenue around $7.5 million and net income for the month reported at about $3.4 million, exceeding the monthly budget by approximately $638,000.
Chalfont said year-to-date capital spending for the authority totaled roughly $66.98 million and cash reserves for capital projects were about $64 million at the time of the report. He said unit-date average rainfall recorded by the authority was 52 inches for the period, compared with a five-year average of 57 inches.
On projects, Chalfont said five linear projects were underway, three projects were ready to commence within a month, four facilities projects were in progress or about to start, one project was under bid, and the authority continued to work on about 11 federally driven unfunded mandates.
Chalfont described a planned equipment purchase: a replacement dump truck to transport dewatered residuals from treatment plants to storage and off-site land-application sites. He said the replacement truck is an international model with an approximate cost of $242,000 and that procurement was expected during the current quarter.
