Cost of Water at Charlotte.

Cost of Water at Charlotte.

A scientifically prepared statement of cost of water pumpage to the city of Charlotte, N. C., and the profit per 1,000 gallons on the same, together with full details of all incomes, expenditures, liabilities, etc., of the waterworks department, has recently been completed for the board of water commissioners. It covers the nine months ending April 29, 1011. The report prepared by G. G. Scott, of the Charlotte Auditing Company, and embracing the results of the examination of some 34,000 separate items, vouchers, etc., in the waterworks office, places the total assets of the waterworks department at $566,503.77, the largest item of which is the water distributing system itself, valued at over $394,000. The analytical statement attached to the report, and showing to the 1-1,000 of a cent what the cost per 1,000 gallons of water is, including every item of expense in maintaaining the system, is of no little value, as it renders available an estimate of the cost to tbe city of maintaining the water system which will be of value for years to come. The total income from all sources for the nine months covered by the report is placed at over $64,000, which for a year’s period would approximate $85,000. The statement shows that for the nine months included in the report, the total profits, after all expenses, bond interest, etc., were paid, amounted to $18.102.40. These figures indicate a clear profit of over $2,000 per month, or more than $24,000 per annum.

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