Leadership

Milwaukee Water Works Show Profit for City

Issue 1 and Volume 68.

Milwaukee Water Works Show Profit for City The net income of the Milwaukee water works for 1919 was $578,358.71, according to the annual report of Supt. H. P. Bohmann. This covers an allowance of $112,658.10 for depreciation and $9,450 for interest on bonded debt. Of the net income $200,000 was transferred to the general city fund and the balance to “unreserved proprietary interest.” Expenditures for new construction and outlays for the year were $341,991, and the total proprietary interest of the plant December 31, 1919, was $10,269,570.72. The bonded indebtedness, less sinking fund on hand, was $195,000. The surplus earnings of the water works transferred to the general city fund since 1892 aggregated $3,117,965, and the entire plant has been paid for out of its earnings. Although there,was a reduction of 258,000,000 gallons in the quantity of water pumped during 1919, the revenue was $30,794.88 more than the previous year.…

Subscribe to unlock this content

Subscribe Now