Examples of Operating and Maintenance Expense in a sentence
The City Council declares that in fixing the amounts to be paid into the Bond Fund under this ordinance it has exercised due regard for Operating and Maintenance Expense and has not obligated the City to set aside and pay into the Bond Fund a greater amount of Gross Revenue of the Utility System than in its judgment will be available over and above such Operating and Maintenance Expense.
Operating and Maintenance Expense 17.Parking Authority Budget Comparisons 18.
Commissioner Isbell continued his discussion from the September 10, 2019 meeting, at which he proposed amending Rules and Regulations Section 6.10 (e)(1)(B) to define the term “reasonable reliance” in the context of an Operating and Maintenance Expense petition.
The City will pay all Operating and Maintenance Expense and otherwise meet the obligations of the City as herein set forth.
Notwithstanding anything to the contrary herein, (1) any payment in respect of any single item of Operating and Maintenance Expenses which individually exceeds One Hundred Fifty Thousand Dollars ($150,000) shall be made solely from the Operating Account and (2) the Company shall not request the Depositary to transfer any amounts from the Operating Account to the Permitted Local Operating Account in order to pay any such item of Operating and Maintenance Expense.
The City Council finds and determines that the Gross Revenue and benefits to be derived from the operation and maintenance of the Utility System at the rates to be charged for services from the Utility System will be more than sufficient to meet all Operating and Maintenance Expense and to permit the setting aside into the Bond Fund out of the Gross Revenue of amounts sufficient to pay the principal of and interest on the Parity Bonds when due.
The City may self-insure or participate in a joint intergovernmental insurance pool or similar plan, and the cost of that insurance or self-insurance shall be considered a part of Operating and Maintenance Expense.
Operating and Maintenance Expense increased $11.4 million, or 5.2 percent, from 2006, due to a $9.0 million increase in plant maintenance primarily due to planned and unscheduled outages and salary and wage increases.
Operating and Maintenance Expense Tariff Edits for New RR 8.5 Phasor Measurement Recording Equipment.
The formula for the revenue requirement under the ROM ratemaking method is:RR = O&M + D + T + ROM*(O&M + D)Where:RR= Revenue RequirementO&M = Operating and Maintenance Expense D= DepreciationT= Income and Other Taxes ROM = Rate of MarginFor 2019, the WD’s recommended ROM for Class D water utilities is 23.65 percent.15 Using this figure, the WD calculated a revenue requirement for Leisure Lake ME of $82,300.