Coleman Connected

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New electrical study by private citizen

Wednesday, May 20, 2015


Eric Joffrion has just submitted this study to us.

A summary of this work is presented below. In addition, multiple pages of supporting documents have been included which we will post on the forum.

Eric shows clearly that the actual revenue from the electrical system does not come close to what many believe. In addition, these figures do not include having to replace equipment that is depreciating, the very real possibility of future bonds to pay for upgrading our equipment and now a new cost associated with a requirement to hire a transmission operator that could cost the city $125,000 per year or more.

Take the time. Get informed!








CITY'S REAL ELECTRICITY REVENUES $6,422,353






EXPENSES OF RUNNING ELECTRIC SYSTEM



UTILITY OFFICE (meter reading/Bills)                             22,483
UTILITY SHOP (repairing stuff)                               6,129
LIGHT PRODUCTION (AEPEP)                        4,121,918
LIGHT DISTRIBUTION (working lines)                           507,099
DEBT SERVICE (paying bond debt)                           439,878

                       5,097,507        (5,097,507)
NET AVAILABLE TO CITY
$1,324,846



   IF COLEMAN'S ELECTRICITY SYSTEM SOLD TO THE CO-OP
 HERE'S HOW THE CITY COULD  REPLACE THAT NET INCOME*
               

GARBAGE NET TO GENERAL FUND 140,887
CHANGES TO SALES TAX DISTRIBUTION 434,732
EXTERNAL FRANCHISE TAXES 200,917
PROPERTY TAXES ON SOLD SYSTEM 28,521
INTEREST ON FUNDS FROM SALE 114,750
CITY SAVINGS ON ELECTRICITY 15,000
SAVINGS ON CITY ATTORNEY FEES 15,000
NEW RETAIL PROPERTY TAX 5,000
NEW RETAIL SALES TAX 15,000
NEW RETAIL ALCOHOL TAX 5,000
ESTIMATED NET 974,807 974,807



ADDED PROPERTY TAXES $0.35558 350,388



TOTAL PAYS SAME BILLS AS ELECTRIC SYSTEM $1,325,195









*For all the complicated details, See: http://colemanconnected.com/forum/forum_posts.asp?TID=25&PID=1000&#1000

















                                   HOWEVER,



        IT IS COSTING COLEMAN CITIZENS ABOUT



      ONE AND ONE-QUARTER MILLION DOLLARS



                                     PER YEAR



                        MORE FOR ELECTRICITY



                   THAN THEY WOULD BE PAYING



                                  TO THE CO-OP



                           SO THE CITY CAN GET



                              THAT REVENUE!



                           NOT A GOOD DEAL!






                    AND IT COULD GET WORSE.



     THERE ARE COSTLY REGULATIONS PROPOSED



                       FOR MUNICIPAL SYSTEMS



                         AND THERE'S ALWAYS



          THE THREAT OF MORE CONGESTION FEES



                  RAISING OUR COSTS EVEN HIGHER.

See the forum for a link to the spreadsheet:
http://colemanconnected.com/forum/forum_posts.asp?TID=25&PID=1000&#1000

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Direct Link to this Comment joshua blake - Tuesday, February 02, 2016 18:42
i wish the city would see, that if the cost for electricity weren't so outrageous then maybe the citizens would be more willing to put more time and effort into the city itself. this town looks horrible, and its nothing surprising when the residents have $500.00 light bills each month, when their incomes are so poor. Median household income in Coleman in 2013:
Coleman:$24,639
State:$51,704
Change in median household income between 2000 and 2013:
Coleman, Texas:+8.2%
State:+29.5%
Number of households with income < $10k:
Coleman:19.6% (347)
State:7.4% (678,655)
Number of households with income $10-20k:
Coleman:13.8% (245)
State:10.6% (969,546)
Number of households with income $20-30k:
Coleman:23.5% (416)
State:10.8% (981,375)
Number of households with income $30-40k:
Coleman:11.8% (209)
State:10.2% (925,336)
Number of households with income $40-50k:
Coleman:5.3% (94)
Texas:9.2% (834,701)
Number of households with income $50-60k:
Coleman:8.8% (156)
Texas:7.9% (723,879)
Number of households with income $60-75k:
Coleman:6.7% (119)
State:9.9% (898,001)
Number of households with income $75-100k:
Coleman:4.8% (85)
State:11.4% (1,034,972)
Number of households with income $100-125k:
Coleman:1.6% (29)
State:8.0% (733,229)
Number of households with income $125-150k:
Coleman:2.6% (46)
State:4.7% (424,070)
Number of households with income $150-200k:
Coleman:0.8% (15)
State:4.9% (446,825)
Number of households with income > $200k:
Coleman:0.6% (10)
Texas:5.1% (460,264)

you do the math.

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