Order

              08-0549
Appendix B
Page 1 of 4
Sundale Utilities, Inc. f/k/a Washington Estates, Inc. Sewer
Statement of Operating Income with Adjustments
For the Test Year Ending December 31, 2007
Company
Proposed
Pro Forma
Company
Rates With
Adjustment
Present
Adjustments
Pro Forma
Proposed
Approved
To
Line
(Co. 2007 Form
(Appendix B
Present
Increase
Adjustments
Proposed
Pro Forma
No.
Description
22/Co filing)
Page 2)
(Cols. b+c)
(Co. Sch. 1B)
(Cols. d+e+f)
Increase
(Cols. g+h)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
1
Customer Charge Revenues
110,285$
-$
110,285$
20,711$
130,996$
5,457$
136,453$
2
-
-
-
-
-
-
-
3
Total Operating Revenue
110,285
-
110,285
20,711
130,996
5,457
136,453
4
Uncollectibles
370
-
370
-
370
18
388
5
Salaries & Wages
31,011
-
31,011
-
31,011
-
31,011
6
Purchased Power
34,029
-
34,029
-
34,029
-
34,029
7
Chemicals
4,663
-
4,663
-
4,663
-
4,663
8
Transportation Expense
5,180
-
5,180
-
5,180
-
5,180
9
Insurance
6,052
-
6,052
-
6,052
-
6,052
10
Repairs & Maintenance
-
-
-
-
-
-
-
11
Miscellaneous Expense
26,357
-
26,357
-
26,357
-
26,357
12
Depreciation Expense
7,780
468
8,248
-
8,248
-
8,248
13
Taxes Other than Income
4,179
-
4,179
-
4,179
-
4,179
14
Building & Equipment Rental
5,299
-
5,299
-
5,299
-
5,299
15
Total Operating Expense
16
Before Income Taxes
124,920
468
125,388
-
125,388
18
125,406
-
-
17
State Income Tax
(1,068)
(255)
(1,323)
1,507
184
397
581
18
Federal Income Tax
(2,035)
(486)
(2,521)
2,870
349
756
1,105
19
Deferred Taxes and ITCs Net
-
-
-
-
-
-
-
20
Total Operating Expenses
121,817
(273)
121,544
4,377
125,921
1,171
127,092
21
NET OPERATING INCOME
(11,532)$
273$
(11,259)$
16,334$
5,075$
4,286$
9,361$
22
Approved Rate Base (Appendix B, Page 3)
100,866$
23
Overall Rate of Return
9.28%
24
Resulting Return on Rate Base (Col.(f) Line 21 divided by Col. (h) Line 22)
5.03%
25
Revenue Increase (Col. (f) Line 3 minus Col. (d) Line 3)
20,711$
26
Percentage Revenue Change (Col. (f) Line 25 divided by Col. (d) Line 3)
18.78%
Note 1: The Company requested and should be limited to an increase of $20,711 as explained in Staff Ex. 1.0, page 4, lines 67-76 and accepted in the Order
SEE NOTE 1