The Richmond palladium. (Richmond, Ind.) 1906-1907, 1906-05-22

/ expended for additional building and
| equipment, the sum of S19.093.S4.
/ The amount charged off for depreci-
/ alton during the same period is $13.-
/ 531.15, making net valuation of the
plant August first, 1904. of STA. 70S.-
! 93. During this year the cash out
| lay for operating expenses was s29,
! 015.10; the total receipts for the same
! period was s33,426.42, leaving an ex-
cess of cash receipts over operating
| expenses of s4,411.32; deducting
/ from this excess the depreciation for
that year the plant showed a deficit
! of $9,120.42 During the year the plant
| furnished the city for street lighting
an average of ninety-three arc lights
| for which it paid S4,0S092, the rate
| being seventy-fve dollars per arc
| light. AS shown by Mr. McMahan's
report hereafter, the actual cost of
each arc light during that year was
| STATS, this cost being arrived at by
adding the total operating expenses
plus depreciation, and deducting
therefrom the total receipts from
commercial lighting. The operating
|
S1,140.51 The increase in receipts
from commercial lighting and power
exclusive of receipts from the street
| lighting, was S6,2SS.43.
| During the year from August first
| 1904, to August first, 1905, the con-
tract with the Richmond Light, Heat
& Power Company for lighting the
streets expired and in September,
! 1904, the municipal plant took on the
entire load of street lighting. During
this year there was expended for ad-
ditional building and equipment, ST.
| 1921. The depreciation charge for
this year is S13.97671, making the
net value of the plant August first,
1905, s17S,214.43. For this year the
| operating expense was $29,240.12
The total receipts from all sources,
including now the payment by the
city to the plant for the lighting of
| it's streets at the rate of seventy-five
dollars per lamp ($19,355.2O, was
$4S,572.S7, making an excess of re-
ceipts over operating expenses of
$19,33275. Deducting from this the
amount before stated for depreciation
leaves a current excess for the year
of $5,356.04. Even if interest at
per cent is charged upon all the float
ing debt furnished the city an aver
age of two hundred and fifty-eight
arc light at cost of $3.50 per arc
light. The gain in receipts was lar
gely due to the furnishing of street
lighting. With the operating expen-
ses remaining about the same as dur
ing the year before, the plant fur
nished an average of one hundred
and fifty-five more arc lights.
| Mr.. McMahan's report ends with
April first, 1906. The period from Au-
gust. first, 1905, to April first, 1906,
is for eight months of the year when
| the receipts from commercial and
| hence the favorable showing made
for this period might be to some ex-
tent reduced if the figures for the
| whole year including the summer
months were available. During this
eight months period the sum of $780,
932.74 has been added for building
| and equipment and s9,50477 has been
| charged for depreciation leaving the
| net value of the plant April first, 1906
| $179,642.40, as against total cost at
| that date to the city of 1929. 342.40,
as against total cost at that date to
the city of $229,342.21. During his
| period the operating expenses have
been $19,269.43, and the receipts, $780,,
452.51, of which amount $24,6S1.35 is
the sum received from commercial
and domestic lighting and power and
$14,S19.56 from lighting the streets.
This shows an excess of receipts
over operating expenses for the eight
months period of $20,1S3.0S; deduct
ing for depreciation $9,504.77, shows
a gain for the eight months Of $10,-
| 1881. Even if interest upon all the
| floating debt be charged, there is still
| a profit for this period of $S,512.56.
| The average number of arc lights
maintained for street lighting has in
! creased from two hundred and fifty
| eight to two hundred and ninetysix
| and the cost of each for the eight
months period is fourteen dollars.
| Owing to the fact that the remaining
four months represent period of de-
! CTodS6U TSCelplS IIOii SoliihS'' Sis'i
! lighting, 1t would be inaccurate to
state that the cost per light would be
| in the same ratio for the balance of
| the year, but estimated upon the ba-
| sis of the proportion of receipts and
| expenses for the same months in 1908
| the cost per arc light would be about
| $3.50. During this eight months Pc
| riod the number of commercial and
! domestic consumers has increased
| from eleven hundred and four, to
| fourteen hundred and fourteen. Of
these consumers, six hundred and
seventy-two consumed each less than
| one dollars worth of light during
| March, 1906. Considering the whole
| period of the operation Of the plant
! from August first, 1904, the record
| shows a gratifying success. Figuring
| in interest charges and depreciation,
as stated, the operation of the plant
which showed a deficit for the first
year of over seventeen thousand dol
lars, for the eight months period end
| ing April first, 1906, SLOWS a profit of
over ten thousand dollars, or with
| every possible interest charge, over
eighty-five hundred dollars. This has
;,, he of on