This information comes courtesy of Ed McKnight, who also sent it to Gregg:
Attached is FY 2008 info handed out at the ECP board meeting. I'm not an accountant, I don't play one on T.V., I didn't stay at holiday inn, Is this GAAP?
The Statement of Revenues,Expenses and charges shows Purchased services- energy & Transmission $1,752,918; Charges for Services $1,641,369
Operating Income (loss) $ (118,924)
Looking at the spreadsheet handed for FY2008 showsSum of SME total (same as purchased services) 9,414,428.62
Sum of ECP total (same as charges for services) 8,697,838.88
Subtracting the two you get a loss of (716,589.74)
Maybe John Gilbert, one of the newest members of the ECP board and an accountant, will be able to shed some light on this.
1 comment:
I wish the two new board members the best of luck and strive to be diligent, don't drink the city staff's Kool-aid.
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