Water Works Ends the Year with Profit

Water Works Ends the Year with Profit

In the water works department of Sioux Falls, S. Dak., according to the annual report of City Water Commissioner John Mundt, the total cost of operation proper for the year 1922 shows a decrease from that of 1921, of $7,014,22. The profits of operation for the year 1922 are shown to be $89,482.62 as against $80,836.60 for 1921. A liberal deduction from the profits for depreciation is deemed to be provident. About 60 per cent, of the capital assets are in the distributing system, the life of which is at least 100 years, yet the capital assets are being depreciated at the rate of 1 1/2 per cent, per year in order that the capital assets may always be worth to the taxpayers their book value at least. Proper depreciations have also been made in all the current assets. Deduction by reason of obsolescence in the amount of $5,000 has been made this year in case of the Main Avenue water tower, which has been partially rebuilt. Thus the 1922 deduction amounts to $19,320.90 as against $15,593.76 for the year 1921. The profits to the taxpayers for the year 1922, after deducting the depreciations and obsolescence are shown to be $70,161.72 as against $65,242.84 for the preceding year.

The reports shows that the yearly daily average of water consumed was 2,524,800 gallons. The maximum month was June with a consumption of 93,055,800. The total amount of water pumped in 1922 was 921,570,800 gallons against 845,910,500 in 1921. The K. W. generated was 249,680 against 216,260, and the gallons of fuel oil consumed was 81,610 against 75,970 for last year. The department laid during 1922 three miles of mains, making a total of 70.09 in the distribution; fire hydrants set 9, total 393; fire valves 55, total 808; services 368, total 5,618; meters 267, total 4,968; services, flat rate, 6, total 395. A new iron removal plant of 8,000,000 gallon daily capacity is being constructed and it is expected will be in operation by the early part of next summer. Two additional wells will be added in the early part of this year, making a total of seven wells with an estimated daily capacity of 10,000,000 gallons at low water mark. The improvements necessary, according to Commissioner Mundt, are another pumping unit and necessary’ improvements to the pumping station building, another feeder line and elevated tank and many water main extensions.

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