Louisville Water Report

Louisville Water Report

In the annual report for 1915 of W. O. Head, president of the Louisville (Ky.) Water Company to the Board of Water Works, a new river station to cost approximately $535,000 and other improvements are included in the estimates of $647,000 for improvements for this year. The report says in part as follows: During the year 6.7 miles of pipe mains have been laid and 37.1 miles of pipe mains have been cleaned. In addition to this work the Crescent Hill reservoir, north and south basins, have been cleaned, removing 31,617 cubic yards of mud, at a cost of $3,361.05, thus increasing the storage capacity of these reservoirs. The estimated cost was $6,000. There has been expended on the new 48-inch pump main from the river to Crescent Hill reservoir the sum of $96,523.26. The construction of this main is intended to increase the efficiency of the centrifugal pump, a reserve unit, and provide an additional conduit for the proposed new pumping station. Looking to the future demands of the business of the company and maintaining a high standard of efficiency, the chief engineer and superintendent has submitted for the ensuing year the following proposed improvements. This estimate includes the unfinished work on last year’s estimates and the new work contemplated for the present year. The estimated unfinished work and proposed improvements are as follow’s: One new 36-inch distributing main, C. H. reservoir to Bardstown road, $100,000; new river station with one 30,000,000-gallon pump, $535,000; wash-water pump, Crescent Hill filters, $10,000; painting and repairing river pumping station No. 1, $2,000; total estimated cost of improvements, $647,000. All proposed improvements to be paid for out of the net earnings of the company. The gross business for the year 1915 from water rents and sales of water by meter measurement, as indicated by the billing, $994,581.79, compared with 1914, $1,021,593.19, shows a decrease of $27,011.40. This decrease is largely due to the reduction of sales of water by meter measurement, which represents the large consumers of the company. From June to September, on account of the heavy rainfalls, which produced a wet season, a falling off of the pumpage of water amounted to 1,104,899,734 gallons. The discount of 33 1/3 per cent, on all water bills and refunds for the year 1915, made to consumers, amounted to $327,700.04. A synopsis of the financial condition of the company is as follow’s: Cash income for 1915, $685,277.41; operating expenses. $226,884.59; interest charges, $61,152.24; total operating expenses and interest charges, $288,036.83; net earnings for 1915, $398,240.58; adjustment account, credit, $2,138.60; total net earnings and adjustment account, $400,379.18. A comparison of the income, expenses, net earnings and adjustment account for the year 1915 with the year 1914 produces the following results: The income increased $2,790.42; operating expenses decreased $11,115.08; interest charges increased $64.87; adjustment charge decreased $12.27; total all expenses decreased $11,062.48; net earnings increased $13,852.90; adjustment account credit increased $2,138.60; total net earnings and adjustment account increased $15,991.50. The disposition of the net earnings is accounted for by the assets being increased in 1915 over 1914, $410,657.32. Of this amount there was expended as follows: On centrifugal pump No. 1, $4,895; on survey for proposed new pumping station, No. 3, $445.50; on pipe system (new mains, services and meters), $147,773.65; on miscellaneous equipment, $10,235.50; on sinking fund (bond issues of 1906 and 1910), $24,052.62; cash, real estate and buildings, and investments, $223,255.05. The liabilities of the company increased in 1915 over 1914, $17,534.36. This increase is in the accounts payable to various parties and meter deposits. These results should be very gratifying, both to the board of water works and the citizens of Louisville.

Louisville Water Report

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Louisville Water Report

The annual report for 1914 of President W. O. Head of the Louisville, Ky., Board of Water Works, which has been submitted to the Board and approved, states that contracts for the new boilers and stack at river pumping station No. 1 and the new filters at Crescent Hill pumping station have been completed. The new filters have given an additional capacity for filtration of 36,090,000 gallons per day, which will render the filter plant more efficient and will give increased facilities for furnishing filtered water to the citizens of Louisville, and further insure the health of the city, as evidenced by the report of the Health Officer of the city of Louisville. During the year 11.2 miles of pipe mains have been laid and 21 miles of pipe mains have beeen cleaned, further increasing the size and efficiency of the distributing system. Under the head of proposed improvements the report says: “Owing to the growth of the city and the increased demands upon our pumping capacity in order to bring the company up to the highest standard of efficiency and to meet the requirements of the business in this branch of the service, I call your attention to the Chief Engineer and Superintendent’s estimate of proposed improvements; Estimated expenditures for contemplated improvements to the plant: Cleaning north and south basins, Crescent Hill reservoir, $6,000; pipe extensions, services and meters, $96,000; one new pump main, river to Crescent Hill, $153,000; one new distributing main, Crescent Hill reservoir to Bardstown road, $100,000; new river station with one $30,000,000 gallon pump, $535,000; wash water pump, Crescent Hill filters, $10,000. Total estimated cost of improvements, $900,000. All proposed improvements to be paid for out of the net earnings of the company. The report further states: “The gross business for the year 1914 from water rents and sales of water by meter measurement as indicated by the billing, $1,021,593.19, compared with 1913, $981,487.33, shows an increase of $40,105.86. This increase would have been larger but for a reduction made to consumers on minimum meter bills, the rate being reduced from 10 cents per day to 8 cents per day, a total reduction of approximately $20,552. A further concession was made the consumers by the Water Company assuming the cost of installation of new services, which amounted to $30,664.63for the year. These facts, taken in connection with the 331-3per cent, discount on all water bills, and refunds made to consumers amounting to $332,138.99, make the cost of water to consumers as low as that of any city in the country of equal size, operated under similiar conditions.” The report says that “the financial condition of the company is most satisfactory, the cash income for the year being $683,486.99; operating expenses $237.999.67; interest and adjustment charges, $61,099.64; total operating expenses, interest and adjustment charges, $299,099,31; net earnings for the year 1914, $384,387.68. A comparison of the income, expenses and net earnings for the year 1914with the year 1913produces the following results: the income increased $14,538.98; the operating expenses decreased $25,784.58; interest and adjustment charges decreased, $689.55 ; total operating expenses, interest and adjustment charges decreased. $26,474.13; net earnings increased, $41,013.11. The disposition of the net earnings is accounted for by the assets being increased in 1914 over 1913, $358,519.49. Of this amount there was expended as follows: On new filters, $159,928.30; on centrifugal pump No 1, $35,004.09; on pipe system (new mains, services and meters $91,231.57; on miscellaneous equipment, $5,742.91; on sinking fund (bond issues of 1906 and 1910), $24,497.26; cash and investments, $42,115.36. The liabilities of the company were decreased in 1914 under 1913, $21,763.83. This decrease is the accounts payable to various parties.”

PRESIDENT W. O. HEAD, LOUISVILLE, KY., BOARD OF WATER WORKS.