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MILLCREEK TOWNSHIP WATER AUTHORITY
2009/2008 AUDIT
Click here to view or download the 2009 audit. (1-3 min. download time)
2010 OPERATING BUDGET
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2009 BUDGET
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2010 BUDGET
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REVENUES
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METERED SALES - CUSTOMERS
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$3,112,823
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$3,374,000
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UNMETERED SALES
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16,200
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16,200
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WATER SALES - FAIRVIEW
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447,000
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488,000
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WATER SALES - SUMMIT
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37,400
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156,000
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PRIVATE FIRE LINES
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24,400
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50,400
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DEVELOPER FEES
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2,000
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6,000
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SERVICE CONNECTION FEES
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59,000
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37,500
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NEW ASSESSMENTS
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18,000
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234,000
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INTEREST INCOME - ASSESSMENTS
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3,375
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3,375
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INTEREST INCOME - INVESTMENTS
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14,400
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8,000
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LIEN FEES
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120
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600
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MANAGEMENT FEE - FAIRVIEW (A)
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1,500
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1,500
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MANAGEMENT FEE - SUMMIT (A)
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1,500
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0
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OTHER INCOME
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37,200
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39,400
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DEBT SERVICE - FAIRVIEW (SA)
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169,128
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173,175
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DEBT SERVICE - SUMMIT (SA)
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5,495
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5,158
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DISCOUNTS
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2,624
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0
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TAPPING FEE INCOME
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22,000
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12,000
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TOTAL REVENUES
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$3,974,165
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$4,605,308
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EXPENSES
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2009 BUDGET
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2010 BUDGET
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OPERATING EXPENSES
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WAGES - OPERATING
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$195,000
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$213,320
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PAYROLL TAXES
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15,000
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16,251
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EMPLOYEE INSURANCE
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24,400
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25,620
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WORKMANS COMPENSATION
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3,240
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4,124
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EMPLOYEE PENSIONS
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6,000
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9,225
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OPERATING SUPPLIES & EXPENSES
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12,000
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25,100
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CHEMICALS
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11,000
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7,500
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MAINTENANCE SUPPLIES
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1,200
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600
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VEHICLE FUEL & MAINTENANCE
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10,000
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5,520
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MINOR EQUIPMENT
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1,200
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1,200
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ENGINEERING SERVICES
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3,000
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3,000
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PURCHASED WATER E.C.W.A.
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2,072,442
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2,160,056
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UTILITIES
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118,000
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118,000
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CONTRACTED MAINTENANCE
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90,000
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90,000
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| S.T.W.A. OPERATING EXPENSES |
0
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40,000
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LAB EXPENSES
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18,000
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12,000
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OTHER CHARGES & SERVICES
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3,000
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2,100
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DEPRECIATION - OPERATING
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459,000
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459,000
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$3,042,482
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$3,192,616
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ADMINISTRATIVE EXPENSES
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SALARIES & WAGES
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$155,230
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$177,913
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PAYROLL TAXES
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13,000
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14,052
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EMPLOYEE INSURANCE
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28,000
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29,400
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WORKERS COMP EXPENSE
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420
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641
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EMPLOYEE PENSIONS
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14,000
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21,525
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OFFICE SUPPLIES & EXPENSES
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13,000
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12,300
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POSTAGE
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12,000
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17,300
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LEGAL FEES & EXPENSES
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25,000
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24,000
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ACCOUNTING & AUDITING FEES
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8,800
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18,000
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TRUSTEE FEES
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6,860
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7,700
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DUES & SUBSCRIPTIONS
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3,300
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4,135
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SEMINARS & TRAINING
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3,460
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2,640
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TRAVEL & MILEAGE
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3,370
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3,500
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ADMINISTRATIVE EXPENSES
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18,470
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21,780
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COMMUNICATIONS
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3,540
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4,080
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RENT
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17,500
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17,500
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INSURANCES
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14,525
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14,650
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DEPRECIATION - ADMINISTRATIVE
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32,000
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32,000
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$372,475
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$423,117
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CAPITAL EXPENSES
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STRUCTURES & IMPROVEMENTS
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$0
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$45,000
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DISTRIBUTION MAINS
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0
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135,000
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PUMP STATIONS & EQUIPMENT
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20,000
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85,000
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TANKS
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0
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0
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METERS
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87,500
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75,000
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SERVICE LINES & METER INS
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25,000
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5,000
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FIRE HYDRANTS
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10,000
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10,000
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OFFICE EQUIPMENT & EXP
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7,000
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0
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OPERATING EQUIPMENT
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5,000
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0
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| AUTOS & TRUCKS |
0
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10,000
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WATER SYSTEM STUDIES
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35,500
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0
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$189,500
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$415,000
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DEBT SERVICE
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PENNVEST LOAN (ASBURY TANK)
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$43,373
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$43,373
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PENNVEST LOAN (KEARSARGE)
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1,428
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0
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| 2009 BANK LOAN |
0
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122,803
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2001 BONDS (1996)
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494,403
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502,415
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2003 BONDS
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578,929
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581,046
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$1,118,133
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$1,249,636
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TOTAL EXPENDITURES
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$4,533,090
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$4,865,369
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EXCESS/(DEFICIT) [NO CAPITAL]
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($558,925)
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($260,061)
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NET INCOME/(LOSS) [W/CAPITAL]
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($748,425)
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($675,061)
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