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property losses resulting from change in type of gas,unusual expenses and taxes, less credits for the annual average of accrued
<br /> obsolescence or unforeseen property damage. taxes and purchased gas accounts payable.
<br /> Appropriate items may be amortized or accrued according to ac- I The working capital computed in accordance with the foregoing
<br /> cepted accounting practice and, except as otherwise provided in formula shall be included in the allowable rate base as provided
<br /> this ordinance for specific items,the actual experience of the Com- in Subsection-t(c).
<br /> pany shall be the determining (actor in support of the amounts and
<br /> rates of amortization or accrual for such items, as such experience Section 6. The Company shall file with the Suburban Hate Au-
<br /> gives a definite guide. thority printed schedules which shall be kept open for public inspec-
<br /> All expense items, whether charged directly and entirely in a tion, showing all rates. charges, compensation, forms of contracts
<br /> or agreements made, established or enforced or to be enforced with
<br /> calendar year or amortized or accrued over a longer period, all customers in the suburban area, together with all rules and regula-
<br /> revenue items and all balance sheet items shall be, at all times, lions relating to rates, charges or services rendered or to be rend-
<br /> recorded b the Company in substantial accordance with the Uniform
<br /> y p y ered and all privileges allowed and facilities afforded by the Com-
<br /> System of Accounts for Gas Utilities of the National Association of pany to its customers in the suburban area. The Suburban Rate
<br /> Railroad and Utility Commissioners, except as otherwise provided Authority shall have the right at any reasonable time to inspect,
<br /> in this ordinance and t
<br /> except that installment and carrying es
<br /> p y g char g examine and audit the accounts, hooks,records,reports, contracts,
<br /> will be credited to gross merchandise sales. documents and papers of the Company. The said Suburban Rate
<br /> The allocation of the Company's o operating and Plant I Authority may appoint or designate the person or persons to make
<br /> f g ex p ensee such inspection,examination or audit.
<br /> within and without the suburban area shall be made by the Company
<br /> in accordance with a formula that reasonably reflects the coats as Section 7. The Company shall at all times keep, maintain and
<br /> they occur for rendering service within and without the said area. preserve for the suburban area proper and accurate engineering, ac-
<br /> Any change in such formula made in any rate filing will be s ecifi-
<br /> cally referred to in a separate communication filed with the Suburban counting, financial and statistical records, relating to the constru
<br /> Rate Authority at the time of the rate filing. ti cost, maintenance and operation of its property which at all
<br /> times shell show correctly and in detail all its financial transac-
<br /> tions.overage including all of its receipts and disbursements and the par-
<br /> When ticulars thereof, and all data needful for the preparation of the
<br /> in excess of the allowable return, such balance shall be credited statements and reports hereinafter provided for. ,
<br /> with interest computed at the current prime interest rate.Net refunds
<br /> (after taxes) from any supplier shall be credited to such account. The Company shall. each month, prepare and file with the Sub-
<br /> Overages in such account may be used, by mutual agreement, ii. urban Rate Authority the following:
<br /> such manner as will minimize or prevent violent fluctuations in
<br /> rates, notwithstanding the provisions of Subsection 3(b). (a). A detailed statement of all assets and liabilities of the
<br /> Company as of the close of the preceding month; -
<br /> Section S. The Company shall be entitled to fair and adequate
<br /> working capital in an amount determined as follows: P (b)• A detailed statement showing source and application of
<br /> As used in this ordinance, "working capital" shell mean eo !f revenues of the Company from the sale of.gas and of by-products
<br /> and from all other sources for the preceding month and year, up to
<br /> amount applicable to the suburban area for the calendar year of
<br /> and including the preceding month; also ell expenditures of the
<br /> 1963, and for each calendar year thereafter, equal to the annual Company during said year; all dividends and interest paid; the
<br /> average funds invested by the Company during such calendar years cost of all materials used in the manufacture of gas, all operating
<br /> in materials and supplies on hand,merchandise accounts receivable, _ expenses, taxes and salaries; the cost of all repairs and of all
<br /> prepayments and deferred charges properly Chargeable to operations, property, real or personal, by it purchased, acquired, constructed
<br /> plus a cash fund equal to ten (10) days' average daily operating or installed; said statements shall be so prepared as to show the
<br /> expenses and taxes, plus oae-eighth (1/8) of the annual operating net income of the Company from its regular business and from all
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