Saginaw, Mich., Water Report

Saginaw, Mich., Water Report

The report of the Saginaw, Mich., water department for 1913 contains the following information: Total income, $127,392.62, including water rates, $106,352.62, city tax for public use of water, $17,549.10. The expenditures were $124,320.75. The assets during the year increased as follows: Cash balance increased $5,426,75; pipe extension, $23,259.79; new meters, $689.55; improvements at east side station, $7,650.03, making a total of $37,026.12. and the liabilities decreased on bonded debt, $25,700.00, and on temporary loan and interest, $2,542.50, making a total of $28,242.50. The net gain due to operation for the year was $62,913.74, of which $18,054.97 was received for public use of water, this amount being 61 per cent, of the annual charge for public use under the agreement of 1908, the charge for the year being $29,591.96, and the allowance as shown, $18,054.97. The net from consumers after deducting the amount received for public use of water was $5,098.25 in excess of 1912, which fact still further demonstrates the wisdom of extending our distribution system.

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