BALANCING AND MEMORANDUM ACCOUNTS Sample Clauses

BALANCING AND MEMORANDUM ACCOUNTS. ISSUE: In its Application, San Xxxxxxx sought authority to amortize over an appropriate period, the balances in the following balancing and memorandum accounts as of the date of the decision in this proceeding: Water Supply Cost Balancing Account, Power Supply Cost Balancing Account, Water Quality Litigation Memorandum Account (“WQLMA”), Water Revenue Adjustment Mechanism (“WRAM”), and California Alternative Rates for Water (“CARW”) Balancing Account. San Xxxxxxx also sought authority to continue to maintain its existing Water Quality Memorandum Account (“WQMA”) which currently has a zero balance. DRA reviewed Xxx Xxxxxxx’x supporting workpapers for the recorded March 2011 balances in the Water Supply Cost, Power Supply Cost, CARW, and WRAM accounts and found those balances to be reasonable. DRA did not agree, however, to Xxx Xxxxxxx’x request to amortize balances in these accounts as of a more recent date because information about such balances was not yet available to review. At the time DRA submitted its report on November 3, 2011, it had not yet completed its audit of the recorded March 2011 balance in the WQLMA, which was the subject of San Gabriel’s Advice Letter 398. XXX objected to certain payments to ZENVIRONMENT that had been recorded therein. XXX also recommended that the Preliminary Statement of San Gabriel’s tariffs be supplemented to describe the WQLMA. A further issue concerned San Gabriel’s Facilities Fees Memorandum Account, which was established pursuant to D.00-00-000 to accrue facilities fee revenues for application, through an annual advice letter filing, to reduce the amount of investment in the Sandhill Water Treatment Plant that is included in rate base. DRA asserted that between advice letter filings, the Facilities Fee account should accrue interest at the 90-day commercial paper rate, like other balancing and memorandum accounts. In rebuttal testimony, San Gabriel noted that deposits taken from developers and customers pursuant to Tariff Rule No. 15 do not accrue interest and are adjusted to actual costs when those are determined, at which time the known facilities fees are placed in the memorandum account. San Gabriel was concerned that accrual of interest would not comply with Rule 15, and that any accrued interest on deposits would belong to the developer or customer who made the deposit. RESOLUTION: The Parties agree that the following recorded March 2011 adjusted balances (excluding the ZENVIRONMENT payments from the WQLMA) ...

BALANCING AND MEMORANDUM ACCOUNTS. 2 A. OVERVIEW 3 ISSUE: Cal Water provided a report on its existing balancing and memorandum 4 accounts (“BAMAs” or “accounts”) in its General Report submitted with its Application 5 (Exhibit CWS-1, pages 20-37). Each BAMA is generally governed by a “preliminary 6 statement” in Cal Water’s tariffs that generally describes the purpose of the account, its 7 applicability, accounting requirements, appropriate ratemaking treatment (if any), and 8 the future disposition of the account.