On the agenda: Clarksville Connected Utilities meeting — Data Center (Aug 24)
Past ⚠ Agenda Watch Clarksville Connected Utilities, Arkansas · Monday, August 24, 2026 — 3 weeks ago
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AGENDA
CLARKSVILLE CONNECTED UTILITIES
COMMISSION MEETING
400 West Main Street, Clarksville
August 24, 2026 @ 4:30pm
1) CALL TO ORDER
2) MINUTES
3) FINANCIALS
4) GM AND DEPARTMENT REPORTS
5) OLD BUSINESS
a) Financial Planning Study
6) NEW BUSINESS
a) Engineering Firm Selection for Wastewater Treatment Plant Project
b) Authorization to Spend Depreciation Fund towards WWTP Design Cost
c) Authorization to Execute Financial Audit Engagement Letter
d) Certificate of Deposit Renewal
e) Easement Abandonment
7) METERS & CONSUMPTION
8) ADJOURN
Page 1
MINUTES OF THE
CLARKSVILLE CONNECTED UTILITES COMMISSION MEETING
July 27, 2026
The regularly scheduled meeting of the Clarksville Connected Utilities Commission was held on
Monday, June 27, 2026, at 4:30pm. This meeting was held in the CCU Business Office at 400 West
Main Street.
Commissioners Present:
Jason Shook, Blake Neumeier, Freeman Wish, Ethan Powell
Absent:
LaShainea Pollander
Also Present:
Eric Heinrichs, Dana Frizzell, Chris Goodman, Kaedon Turner,
Porsha Russell, Jennifer Underwood, Sarah Phillips, GraphicMegan Wylie, First Security-Matt Wylie, Community MemberJudy Penny
The meeting was called to order at 4:30pm by Freeman Wish. Vote Aye: Shook, Neumeier, Wish,
Powell. Motion Carried – 4/0 vote.
Minutes: A motion to approve the minutes for June 22, 2026, June 30, 2026, and July 17, 2026,
as presented was made by Ethan Powell. 2nd by Jason Shook. Vote Aye: Shook, Neumeier, Wish,
Powell. Motion Carried – 4/0 vote.
Financials & Disbursements: Dana Frizzell, Financial Officer, presented the financials and
disbursements for May 2026 and a motion to approve was made by Jason Shook. 2nd by Blake
Neumeier. Vote Aye: Shook, Neumeier, Wish, Powell. Motion Carried – 4/0 vote.
General Manager Report/Department Reports: Eric Heinrichs, GM, gave a brief update on the
GM and department reports. Accepted as Information.
Easement and ROW Acquisition Services: Eric Heinrichs, GM, presented that the agreement with
Throughline now falls under the executed CIAC agreement with Serverfarm and no further action
is required by the CCU Commission. All financial burdens are covered by Serverfarm under those
agreement terms and will not impact CCU’s finances. Accepted as information.
Financial Planning Study: Eric Heinrichs, GM, presented that Public Utilities are required to
charge rates in line with their costs to provide a public service to their communities and track and
maintain financial security and trust to the rate payers that they serve. The first part in ensuring
that a utility’s rates are sufficient to collect enough revenue is by projecting its future financial
needs, tracking its capital projects, operating expenses, and depreciated asset replacement
programs to ensure it is run reliably.
Page 2
2|P a g e
June 27, 2026
Commission Meeting
The GM believes that having a third party that specializes in utility financial planning and rate
design is an important first step to securing and improving CCU’s financial future and growth. The
goal of this study is to provide objective information describing CCU’s current financial health
and its future operational needs to start a fact-based conversation on its finances with its
commissioners, city council, and the rate payers that it serves. Currently, CCU has some of the
lowest rates in the state of Arkansas for the services we provide. The GM believes that CCU’s
rates are not in line with its current resources and financial position to maintain reliable services
sustainably into the future. The only way to discuss this with facts is to study CCU’s current
finances, set reasonable financial and operational targets, and design their rates to be in line with
generating the necessary revenue to continue reliable and safe service to its community.
Three firms were contacted to investigate the costs, scope, and benefits of completing a Financial
Planning Study for CCU. The first firm did not return the emails sent to the firm inquiring about
their services and so only two cost estimates, scopes, and submissions have been provided to
review. The GM has worked with the first firm before and is aware that this firm has a large
existing customer base and may not have the resources currently available to take on additional
projects this year. So, the lack of response is not completely unexpected.
The second and third firms are currently under contract with Conway Corp studying different
departments of their utility. One is Raftelis and the other is NewGen Strategies and Solutions LLC.
Raftelis’s proposal feels more tailored to our current needs. Additionally, I don’t know if the
$11,860 study is required as we have Evergy and Scott Shrive under contract to provide these
services for us already. However, while they have had an extensive client and project history list,
broadband is not a utility study they have tackled before.
Raftelis’s proposal seemed to be more in-depth and tailored to the needs of CCU. Excluding the
$11,860 Power Demand Forecast and Supply Review, their project cost estimate comes out
nearly the same $80,000 as NewGen’s estimate. But with a larger scope for the money and a
quicker well-defined timeline to complete the project. Raftelis’s only downside is their team’s
lack of broadband utility experience. However, a study of our broadband rates, infrastructure
assets and expected lifetime, and current contracts could still be studied with similar methods to
our other utilities. The GM believes that the information gained for CCU’s purposes as the first
step in investigating our finances and company planning would still be sufficient using Raftelis.
The GM’s recommendation is to send a notice to proceed to Raftelis, complete a contract review,
define a schedule for payments, and begin working on this study with them around August 17 th
to stick to their current proposed timeline. Eric would like to have the commission vote to allow
CCU to pursue, pay for, sign a contract after appropriate legal review, and complete the financial
study with Raftelis in or about the timeline and cost as described in their proposal.
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June 27, 2026
Commission Meeting
A motion was made to table the financial planning study until the next regular Commission
meeting that will be held in August 2026, was made by Jason Shook. 2nd by Ethan Powell. Vote
Aye: Shook, Neumeier, Wish, Powell. Motion Carried – 4/0 vote.
Meter & Consumption Reports: Accepted as information.
A motion was made to adjourn at 5:00pm was made by Ethan Powell. 2nd by Jason Shook. Vote
Aye: Shook, Neumeier, Wish, Powell. Motion Carried – 4/0 vote.
Chairman
Secretary
Page 4
August 24, 2026
MEMO
TO:
Eric Heinrichs, General Manager
FROM:
Dana Frizzell
SUBJECT:
Financial Statement Summary Comparison
The following are summary comparison explanations for revenue and expenditure changes:
•
YTD ‘Operating Revenues for June 30, 2026, ($22,034,171) were $1,366,481 more
than June 30, 2025, ($20,667,690) or an increase of 6.61%. Electric revenues were
up a total of $885,990 in residential, commercial, and industrial accounts. Water
revenues were up $313,339. Sewer revenues were up by $82,843 and Broadband
revenues were up $84,308 from 2025.
•
Total YTD ‘Other Direct Operating Expenses’ (not including power purchased) for
June 30, 2026 ($6,578,339) were $274,010 less than June 30, 2025 ($6,852,349) or
4.0% decrease. (Power purchased costs were up $1,143,532).
•
Total YTD ‘General & Administrative Expenses’ for June 30, 2026 ($3,739,431) were
$437,357 more than June 30, 2025 ($3,302,074) or 13.24% increase.
Please let me know if you have questions or need additional information.
Sincerely,
Dana Frizzell, CPA
Finance Officer
Page 5
Clarksville Connected Utilities
Financial Statement Summary
June 30, 2026
Year-to-Date Comparison
Operating Revenues
Current Year
Prior Year
Increase (Decrease)
Electric
Water
Sewer
Broadband
Total
13,652,047
12,766,058
885,990
4,793,639
4,480,300
313,339
1,772,172
1,689,329
82,843
1,816,312
1,732,004
84,308
22,034,171
20,667,690
1,366,481
6.61%
9,915,665
8,772,133
1,143,532
13.04%
Power Purchased
Current Year - (Includes Generation Costs)
Prior Year
Increase (Decrease)
9,915,665
8,772,133
1,143,532
Other Direct Expenses
Current Year
Prior Year
Increase (Decrease)
1,601,692
1,581,342
20,350
2,825,465
3,000,767
(175,302)
1,059,946
1,189,259
(129,313)
1,091,236
1,080,981
10,254
6,578,339
6,852,349
(274,010)
-4.00%
General & Administrative Expenses
Current Year
Prior Year
Increase (Decrease)
1,715,665
1,575,228
140,437
1,030,757
919,530
111,227
370,608
342,023
28,585
622,401
465,293
157,108
3,739,431
3,302,074
437,357
13.24%
Operating Income (Loss)
Current Year
Prior Year
Increase (Decrease)
419,025
837,355
(418,329)
937,417
560,002
377,415
341,619
158,047
183,571
102,675
185,730
(83,055)
1,800,736
1,741,134
59,602
Other Income - Interest, Contributions
Current Year
Prior Year
Increase (Decrease)
309,610
348,169
(38,560)
152,787
109,112
43,675
42,744
34,314
8,430
52,594
45,672
6,922
557,735
537,268
20,468
Other Expense - Interest & Amortization
Current Year
Prior Year
Increase (Decrease)
11,188
3,294
7,893
36,432
43,182
(6,750)
0
659
(659)
142,500
157,383
(14,884)
190,119
204,518
(14,399)
717,448
1,182,230
(464,782)
1,053,772
625,933
427,840
384,363
191,702
192,660
12,770
74,018
(61,248)
2,168,353
2,073,884
94,469
Operating Revenues
1,271,897
546,294
200,484
201,895
2,220,569
Income (Loss) Before Construction Contributions
(197,414)
132,072
57,381
3,396
(4,565)
Net Income (Loss)
Current Year
Prior Year
Increase (Decrease)
Current Month Summary
Page 6
Current Month
FiscalYear 9/30/26
% YTD
June
June
Period
2025-2026
2024-2025
2026
2025
% Change
10/01/25 to 6/30/26
10/01/24 to
6/30/25
% Change
Budget
TARGET
All Depts.
All Depts.
All Depts.
All Depts.
All Depts.
All Depts.
All Depts.
75.00%
OPERATING REVENUES
Residential
Residential - Voice
Commercial
Commercial - Voice
Industrial
Cash Short & Over
Tapping/Connection Fees
Penalty Revenue
Miscellaneous Revenue
Broadband Revenue - (Internal)
TOTAL REVENUES
577,159.29
2,861.59
652,125.74
15,684.87
940,808.85
20.00
5,700.00
8,744.83
15,214.07
2,250.00
2,220,569.24
633,828.41
2,685.40
658,433.58
15,614.69
1,109,681.26
100.00
1,300.00
11,713.60
23,256.32
2,250.00
2,458,863.26
-8.94%
6.56%
-0.96%
0.45%
-15.22%
-80.00%
338.46%
-25.34%
-34.58%
0.00%
-9.69%
5,870,125.17
25,908.64
6,084,496.68
139,345.17
9,540,040.56
194.46
31,014.47
138,055.13
184,740.58
20,250.00
22,034,170.86
5,668,001.79
23,586.62
5,812,699.02
129,421.93
8,560,054.91
42.61
16,450.00
122,342.70
314,840.76
20,250.00
20,667,690.34
3.57%
9.84%
4.68%
7.67%
11.45%
356.37%
88.54%
12.84%
-41.32%
0.00%
6.61%
8,106,296
32,737
8,212,424
172,563
11,844,873
59
44,293
170,917
453,670
27,810
29,065,641
72.41%
79.14%
74.09%
80.75%
80.54%
0.00%
70.02%
80.77%
40.72%
72.82%
75.81%
DIRECT OPERATING EXPENSES
Power Purchased
Generation Costs
Bandwidth Purchased
Wholesale Voice
Depreciation - Direct
Education, Meetings & Travel - Direct
Employee Benefits - Direct
Labor - Direct
Labor - Construction in Progress
Maintenance - Direct
Equip. Expense - Construction in Progress
Supplies (Chemicals)
Fuel - Direct
Payroll Taxes - Direct
Pension Expense - Direct
Use Tax
Uniforms - Direct
Utilities
Utilities - Fiber/SCADA Communications
1,163,828.53
792.20
21,351.14
7,772.76
277,122.95
575.17
33,201.61
198,764.08
(30,753.81)
16,499.74
(31,655.87)
29,931.33
9,962.07
15,490.81
30,555.56
4,526.00
2,912.57
54,317.49
2,309.95
1,087,960.85
4,221.39
32,303.38
7,747.76
286,013.94
117.30
30,064.60
190,728.73
(15,661.79)
91,136.35
(5,991.37)
89,083.92
4,848.79
13,844.82
18,051.29
1,289.00
3,311.10
54,996.41
2,250.00
6.97%
-81.23%
-33.90%
0.32%
-3.11%
390.34%
10.43%
4.21%
96.36%
-81.90%
428.36%
-66.40%
105.45%
11.89%
69.27%
251.12%
-12.04%
-1.23%
2.66%
9,908,561.85
7,103.42
241,680.83
69,125.64
2,483,651.55
19,246.58
300,471.09
1,908,604.52
(258,611.58)
459,975.69
(263,383.65)
608,103.13
46,098.06
148,073.40
275,000.04
18,188.00
33,741.36
467,535.75
20,838.70
8,734,045.37
38,087.80
266,680.59
69,489.60
2,494,125.46
17,058.83
366,933.90
1,933,248.52
(238,234.64)
296,693.00
(146,564.16)
722,037.89
45,600.77
140,464.26
369,549.96
9,314.00
34,440.46
452,011.05
19,500.00
13.45%
-81.35%
-9.37%
-0.52%
-0.42%
12.82%
-18.11%
-1.27%
8.55%
55.03%
79.71%
-15.78%
1.09%
5.42%
-25.59%
95.28%
-2.03%
3.43%
6.87%
12,614,990
54,075
378,499
95,432
3,560,037
43,992
517,945
2,804,331
(305,062)
593,908
(180,514)
1,030,107
89,582
199,480
507,515
41,500
49,466
623,195
28,366
78.55%
13.14%
63.85%
72.43%
69.76%
43.75%
58.01%
68.06%
84.77%
77.45%
145.91%
59.03%
51.46%
74.23%
54.19%
43.83%
68.21%
75.02%
73.46%
TOTAL DIRECT EXPENSES
1,807,504.28
1,896,316.47
-4.68%
16,494,004.38
15,624,482.66
5.57%
22,746,846
72.51%
5,100.00
10,370.00
6,107.61
46,380.79
2,577.16
34,222.49
979.96
10,571.42
1,435.92
40,335.00
435.75
167,233.05
1,320.43
740.24
2,222.68
39,160.16
51,836.33
15,277.78
6,204.36
1,584.47
4,690.78
448,786.38
614.82
5,811.88
5,000.00
6,107.62
11,713.09
116.96
35,935.54
1,585.23
10,650.88
988.34
61,710.20
567.00
161,513.05
1,827.17
7,603.27
408.15
8,132.42
36,409.44
8,615.38
25,107.95
1,275.95
4,600.48
396,294.82
-100.00%
-12.25%
107.40%
0.00%
295.97%
2103.45%
-4.77%
-38.18%
0.00%
-0.75%
45.29%
-34.64%
-23.15%
3.54%
-27.73%
-90.26%
444.57%
381.53%
42.37%
77.33%
-75.29%
24.18%
1.96%
13.25%
3,289.93
45,900.00
91,530.00
54,968.49
388,211.56
10,322.13
294,762.01
10,930.97
93,696.30
6,580.42
342,489.75
20,319.58
1,530,067.91
7,579.67
41,984.12
19,827.48
122,384.41
348,336.45
137,800.02
104,669.44
14,914.45
48,865.42
3,739,430.51
7,383.58
50,385.93
36,400.00
54,968.61
216,391.12
7,150.62
295,385.97
3,668.00
750.00
92,482.87
10,520.17
246,549.21
15,967.09
1,386,800.42
9,426.10
66,448.74
19,397.82
66,078.45
346,857.70
150,450.06
155,924.13
12,945.22
49,741.99
3,302,073.80
-55.44%
-8.90%
151.46%
0.00%
79.40%
44.35%
-0.21%
198.01%
-100.00%
1.31%
-37.45%
38.91%
27.26%
10.33%
-19.59%
-36.82%
2.21%
85.21%
0.43%
-8.41%
-32.87%
15.21%
-1.76%
13.24%
10,140
71,677
128,986
73,291
327,044
13,197
407,633
14,099
1,033
144,443
18,737
399,654
30,148
1,913,785
18,780
94,420
43,456
154,239
556,039
242,298
266,858
22,258
73,016
5,025,231
32.44%
64.04%
70.96%
75.00%
118.70%
78.21%
72.31%
77.53%
0.00%
64.87%
35.12%
85.70%
67.40%
79.95%
40.36%
44.47%
45.63%
79.35%
62.65%
56.87%
39.22%
67.01%
66.92%
74.41%
TOTAL OPERATING EXPENSES
2,256,290.66
2,292,611.29
-1.58%
20,233,434.89
18,926,556.46
6.90%
27,772,077
72.86%
OPERATING INCOME (LOSS)
(35,721.42)
166,251.97
-121.49%
1,800,735.97
1,741,133.88
3.42%
1,293,564
139.21%
NONOPERATING REVENUES
Interest Income
Other Income
Gain on Sale of Assets
TOTAL NONOPERATING REVENUES
49,712.31
49,712.31
42,903.10
42,903.10
15.87%
0.00%
0.00%
15.87%
433,657.87
2,667.50
36,000.00
472,325.37
361,568.14
361,568.14
19.94%
0.00%
0.00%
30.63%
454,894
454,894
95.33%
0.00%
0.00%
103.83%
NONOPERATING EXPENSES
Interest Expense
Amortization of Bond Expense
TOTAL NONOPERATING EXPENSES
18,555.81
18,555.81
20,522.87
20,522.87
-9.58%
0.00%
-9.58%
190,118.78
190,118.78
204,517.81
204,517.81
-7.04%
0.00%
-7.04%
253,054
253,054
75.13%
0.00%
75.13%
NONOPERATING INCOME (LOSS)
31,156.50
22,380.23
39.21%
282,206.59
157,050.33
79.69%
201,840
139.82%
INCOME (LOSS)
(4,564.92)
188,632.20
-102.42%
2,082,942.56
1,898,184.21
9.73%
1,495,405
139.29%
CONTRIBUTIONS AND TRANSFERS
Contributions in Aid of Construction
Transfers - City of Clarksville
CHANGES IN NET ASSETS
85,410.00
80,845.08
3,912.30
192,544.50
2083.11%
0.00%
-58.01%
85,410.00
2,168,352.56
175,699.45
2,073,883.66
-51.39%
0.00%
4.56%
1,495,405
0.00%
0.00%
145.00%
GENERAL & ADMIN EXPENSES
Advertising & Promotion
Bad Debt Expense
Depreciation
Amortization
Dues & Subscriptions
Education, Meetings & Travel
Employee Benefits
Inventory Variances
Physical Inventory Variances
Payroll Taxes
Fuel
Insurance (Property)
Lab Fees & Tests
Labor
Miscellaneous Expenses
Customer Online Pmt Fees
Office Expenses
Supplies
Maintenance
Pension Expense
Professional Fees
Uniforms
Utilities
TOTAL GENERAL & ADMIN EXPENSES
Page 7
Period
2025-2026
Actual to Budget
Current Month
FiscalYear 9/30/26
% YTD
June
June
Period
2025-2026
2024-2025
2026
2025
% Change
10/01/25 to 6/30/26
10/01/24 to
6/30/25
% Change
Budget
TARGET
All Depts.
All Depts.
All Depts.
All Depts.
All Depts.
All Depts.
All Depts.
75.00%
OPERATING REVENUES
Residential
Residential - Voice
Commercial
Commercial - Voice
Industrial
Cash Short & Over
Tapping/Connection Fees
Penalty Revenue
Miscellaneous Revenue
Broadband Revenue - (Internal)
TOTAL REVENUES
577,159.29
2,861.59
652,125.74
15,684.87
940,808.85
20.00
5,700.00
8,744.83
15,214.07
2,250.00
2,220,569.24
633,828.41
2,685.40
658,433.58
15,614.69
1,109,681.26
100.00
1,300.00
11,713.60
23,256.32
2,250.00
2,458,863.26
-8.94%
6.56%
-0.96%
0.45%
-15.22%
-80.00%
338.46%
-25.34%
-34.58%
0.00%
-9.69%
5,870,125.17
25,908.64
6,084,496.68
139,345.17
9,540,040.56
194.46
31,014.47
138,055.13
184,740.58
20,250.00
22,034,170.86
5,668,001.79
23,586.62
5,812,699.02
129,421.93
8,560,054.91
42.61
16,450.00
122,342.70
314,840.76
20,250.00
20,667,690.34
3.57%
9.84%
4.68%
7.67%
11.45%
356.37%
88.54%
12.84%
-41.32%
0.00%
6.61%
8,106,296
32,737
8,212,424
172,563
11,844,873
59
44,293
170,917
453,670
27,810
29,065,641
72.41%
79.14%
74.09%
80.75%
80.54%
0.00%
70.02%
80.77%
40.72%
72.82%
75.81%
DIRECT OPERATING EXPENSES
Power Purchased
Generation Costs
Bandwidth Purchased
Wholesale Voice
Depreciation - Direct
Education, Meetings & Travel - Direct
Employee Benefits - Direct
Labor - Direct
Labor - Construction in Progress
Maintenance - Direct
Equip. Expense - Construction in Progress
Supplies (Chemicals)
Fuel - Direct
Payroll Taxes - Direct
Pension Expense - Direct
Use Tax
Uniforms - Direct
Utilities
Utilities - Fiber/SCADA Communications
1,163,828.53
792.20
21,351.14
7,772.76
277,122.95
575.17
33,201.61
198,764.08
(30,753.81)
16,499.74
(31,655.87)
29,931.33
9,962.07
15,490.81
30,555.56
4,526.00
2,912.57
54,317.49
2,309.95
1,087,960.85
4,221.39
32,303.38
7,747.76
286,013.94
117.30
30,064.60
190,728.73
(15,661.79)
91,136.35
(5,991.37)
89,083.92
4,848.79
13,844.82
18,051.29
1,289.00
3,311.10
54,996.41
2,250.00
6.97%
-81.23%
-33.90%
0.32%
-3.11%
390.34%
10.43%
4.21%
96.36%
-81.90%
428.36%
-66.40%
105.45%
11.89%
69.27%
251.12%
-12.04%
-1.23%
2.66%
9,908,561.85
7,103.42
241,680.83
69,125.64
2,483,651.55
19,246.58
300,471.09
1,908,604.52
(258,611.58)
459,975.69
(263,383.65)
608,103.13
46,098.06
148,073.40
275,000.04
18,188.00
33,741.36
467,535.75
20,838.70
8,734,045.37
38,087.80
266,680.59
69,489.60
2,494,125.46
17,058.83
366,933.90
1,933,248.52
(238,234.64)
296,693.00
(146,564.16)
722,037.89
45,600.77
140,464.26
369,549.96
9,314.00
34,440.46
452,011.05
19,500.00
13.45%
-81.35%
-9.37%
-0.52%
-0.42%
12.82%
-18.11%
-1.27%
8.55%
55.03%
79.71%
-15.78%
1.09%
5.42%
-25.59%
95.28%
-2.03%
3.43%
6.87%
12,614,990
54,075
378,499
95,432
3,560,037
43,992
517,945
2,804,331
(305,062)
593,908
(180,514)
1,030,107
89,582
199,480
507,515
41,500
49,466
623,195
28,366
78.55%
13.14%
63.85%
72.43%
69.76%
43.75%
58.01%
68.06%
84.77%
77.45%
145.91%
59.03%
51.46%
74.23%
54.19%
43.83%
68.21%
75.02%
73.46%
TOTAL DIRECT EXPENSES
1,807,504.28
1,896,316.47
-4.68%
16,494,004.38
15,624,482.66
5.57%
22,746,846
72.51%
5,100.00
10,370.00
6,107.61
46,380.79
2,577.16
34,222.49
979.96
10,571.42
1,435.92
40,335.00
435.75
167,233.05
1,320.43
740.24
2,222.68
39,160.16
51,836.33
15,277.78
6,204.36
1,584.47
4,690.78
448,786.38
614.82
5,811.88
5,000.00
6,107.62
11,713.09
116.96
35,935.54
1,585.23
10,650.88
988.34
61,710.20
567.00
161,513.05
1,827.17
7,603.27
408.15
8,132.42
36,409.44
8,615.38
25,107.95
1,275.95
4,600.48
396,294.82
-100.00%
-12.25%
107.40%
0.00%
295.97%
2103.45%
-4.77%
-38.18%
0.00%
-0.75%
45.29%
-34.64%
-23.15%
3.54%
-27.73%
-90.26%
444.57%
381.53%
42.37%
77.33%
-75.29%
24.18%
1.96%
13.25%
3,289.93
45,900.00
91,530.00
54,968.49
388,211.56
10,322.13
294,762.01
10,930.97
93,696.30
6,580.42
342,489.75
20,319.58
1,530,067.91
7,579.67
41,984.12
19,827.48
122,384.41
348,336.45
137,800.02
104,669.44
14,914.45
48,865.42
3,739,430.51
7,383.58
50,385.93
36,400.00
54,968.61
216,391.12
7,150.62
295,385.97
3,668.00
750.00
92,482.87
10,520.17
246,549.21
15,967.09
1,386,800.42
9,426.10
66,448.74
19,397.82
66,078.45
346,857.70
150,450.06
155,924.13
12,945.22
49,741.99
3,302,073.80
-55.44%
-8.90%
151.46%
0.00%
79.40%
44.35%
-0.21%
198.01%
-100.00%
1.31%
-37.45%
38.91%
27.26%
10.33%
-19.59%
-36.82%
2.21%
85.21%
0.43%
-8.41%
-32.87%
15.21%
-1.76%
13.24%
10,140
71,677
128,986
73,291
327,044
13,197
407,633
14,099
1,033
144,443
18,737
399,654
30,148
1,913,785
18,780
94,420
43,456
154,239
556,039
242,298
266,858
22,258
73,016
5,025,231
32.44%
64.04%
70.96%
75.00%
118.70%
78.21%
72.31%
77.53%
0.00%
64.87%
35.12%
85.70%
67.40%
79.95%
40.36%
44.47%
45.63%
79.35%
62.65%
56.87%
39.22%
67.01%
66.92%
74.41%
TOTAL OPERATING EXPENSES
2,256,290.66
2,292,611.29
-1.58%
20,233,434.89
18,926,556.46
6.90%
27,772,077
72.86%
OPERATING INCOME (LOSS)
(35,721.42)
166,251.97
-121.49%
1,800,735.97
1,741,133.88
3.42%
1,293,564
139.21%
NONOPERATING REVENUES
Interest Income
Other Income
Gain on Sale of Assets
TOTAL NONOPERATING REVENUES
49,712.31
49,712.31
42,903.10
42,903.10
15.87%
0.00%
0.00%
15.87%
433,657.87
2,667.50
36,000.00
472,325.37
361,568.14
361,568.14
19.94%
0.00%
0.00%
30.63%
454,894
454,894
95.33%
0.00%
0.00%
103.83%
NONOPERATING EXPENSES
Interest Expense
Amortization of Bond Expense
TOTAL NONOPERATING EXPENSES
18,555.81
18,555.81
20,522.87
20,522.87
-9.58%
0.00%
-9.58%
190,118.78
190,118.78
204,517.81
204,517.81
-7.04%
0.00%
-7.04%
253,054
253,054
75.13%
0.00%
75.13%
NONOPERATING INCOME (LOSS)
31,156.50
22,380.23
39.21%
282,206.59
157,050.33
79.69%
201,840
139.82%
INCOME (LOSS)
(4,564.92)
188,632.20
-102.42%
2,082,942.56
1,898,184.21
9.73%
1,495,405
139.29%
CONTRIBUTIONS AND TRANSFERS
Contributions in Aid of Construction
Transfers - City of Clarksville
CHANGES IN NET ASSETS
85,410.00
80,845.08
3,912.30
192,544.50
2083.11%
0.00%
-58.01%
85,410.00
2,168,352.56
175,699.45
2,073,883.66
-51.39%
0.00%
4.56%
1,495,405
0.00%
0.00%
145.00%
GENERAL & ADMIN EXPENSES
Advertising & Promotion
Bad Debt Expense
Depreciation
Amortization
Dues & Subscriptions
Education, Meetings & Travel
Employee Benefits
Inventory Variances
Physical Inventory Variances
Payroll Taxes
Fuel
Insurance (Property)
Lab Fees & Tests
Labor
Miscellaneous Expenses
Customer Online Pmt Fees
Office Expenses
Supplies
Maintenance
Pension Expense
Professional Fees
Uniforms
Utilities
TOTAL GENERAL & ADMIN EXPENSES
Page 8
Period
2025-2026
Actual to Budget
Current Month
FiscalYear 9/30/26
% YTD
OPERATING REVENUES
Residential
Residential - Voice
Commercial
Commercial - Voice
Industrial
Cash Short & Over
Tapping/Connection Fees
Penalty Revenue
Miscellaneous Revenue
Broadband Revenue - (Internal)
TOTAL REVENUES
June
June
Period
2025-2026
2023-2024
Period
2026
2025
% Change
10/01/25 to
6/30/26
10/01/24 to
6/30/25
% Change
Budget
TARGET
WATER
WATER
WATER
WATER
WATER
WATER
WATER
75.00%
680,907.05
680,823.34
2,637,782.14
2,464,196.51
1,407,345.07
1,275,266.76
14,300.00
11,858.17
41,446.83
5,800.00
11,294.15
42,919.28
4,793,639.26
81,823.95
76,716.16
301,276.01
255,894.78
155,124.65
142,373.91
400.00
898.36
6,770.67
50.00
1,186.51
4,154.54
546,293.64
480,375.90
6.66%
0.00%
17.73%
0.00%
8.96%
0.00%
700.00%
-24.29%
62.97%
0.00%
13.72%
2025-2026
Actual to Budget
4,480,300.04
0.01%
0.00%
7.04%
0.00%
10.36%
0.00%
146.55%
4.99%
-3.43%
0.00%
6.99%
1,023,361
3,384,163
1,751,366
26,841
17,483
58,942
6,262,156
66.54%
0.00%
77.94%
0.00%
80.36%
0.00%
53.28%
67.83%
70.32%
0.00%
76.55%
1,137,265.00
2,433.71
121,097.31
558,232.86
(57,401.90)
64,712.31
(53,207.79)
542,304.78
9,651.74
44,448.89
71,874.99
5,456.40
9,352.15
362,494.58
6,750.00
1,135,000.00
2,942.57
114,191.03
512,961.09
(16,060.59)
79,852.92
(9,268.05)
664,998.06
11,126.28
37,236.95
95,999.99
2,980.04
11,448.26
350,608.86
6,750.00
0.00%
0.00%
0.00%
0.00%
0.20%
-17.29%
6.05%
8.83%
257.41%
-18.96%
474.10%
-18.45%
-13.25%
19.37%
-25.13%
83.10%
-18.31%
3.39%
0.00%
1,625,234
6,455
157,584
709,174
(22,057)
177,585
(12,728)
948,731
21,883
51,387
131,840
4,093
15,722
481,503
9,548
0.00%
0.00%
0.00%
0.00%
69.98%
37.70%
76.85%
78.72%
260.25%
36.44%
418.03%
57.16%
44.11%
86.50%
54.52%
133.32%
59.48%
75.28%
70.69%
DIRECT OPERATING EXPENSES
Power Purchased
Generation Costs
Bandwidth Purchased
Wholesale Voice
Depreciation - Direct
Education, Meetings & Travel - Direct
Employee Benefits - Direct
Labor - Direct
Labor - Construction in Progress
Maintenance - Direct
Equip. Expense - Construction in Progress
Supplies (Chemicals)
Fuel - Direct
Payroll Taxes - Direct
Pension Expense - Direct
Use Tax
Uniforms - Direct
Utilities - Direct
Utilities - Fiber/SCADA Communications
127,080.00
246.72
13,770.44
57,226.96
(2,314.55)
5,077.72
(1,762.69)
24,851.96
2,358.10
4,671.65
7,986.11
1,357.80
834.17
41,514.14
750.00
135,000.00
30.60
12,766.84
48,899.43
(2,982.67)
7,697.22
(937.31)
82,163.09
1,298.09
3,677.44
4,923.08
386.70
1,504.02
42,852.36
750.00
0.00%
0.00%
0.00%
0.00%
-5.87%
706.27%
7.86%
17.03%
-22.40%
-34.03%
88.06%
-69.75%
81.66%
27.04%
62.22%
251.12%
-44.54%
-3.12%
0.00%
TOTAL DIRECT EXPENSES
283,648.53
338,028.89
-16.09%
2,825,465.03
3,000,767.41
-5.84%
4,305,954
65.62%
GENERAL & ADMIN EXPENSES
Advertising & Promotion
Bad Debt Expense
Depreciation
Amortization
Dues & Subscriptions
Education, Meetings & Travel
Employee Benefits
Inventory Variances
Physical Inventory Variances
Payroll Taxes
Fuel
Insurance (Property)
Lab Fees & Tests
Labor
Miscellaneous Expenses
Customer Online Pmt Fees
Office Expenses
Supplies
Maintenance
Pension Expense
Professional Fees
Uniforms
Utilities
TOTAL GENERAL & ADMIN EXPENSES
1,530.00
3,110.00
1,832.28
2,126.89
773.15
10,266.76
293.98
3,011.18
430.78
12,100.50
50,169.95
381.12
124.80
649.33
35,290.00
13,315.71
4,583.33
1,250.00
475.34
651.77
142,366.87
111.50
1,743.56
1,500.00
1,832.29
1,495.07
35.09
10,370.28
506.23
3,095.86
296.50
18,513.06
520.00
48,453.94
418.15
2,219.98
108.73
3,086.11
11,232.93
2,584.62
1,398.50
382.79
595.22
110,500.41
-100.00%
-12.25%
107.33%
0.00%
42.26%
2103.33%
-1.00%
-41.93%
0.00%
-2.74%
45.29%
-34.64%
-100.00%
3.54%
-8.86%
-94.38%
497.19%
1043.51%
18.54%
77.33%
-10.62%
24.18%
9.50%
28.84%
1,182.18
13,770.00
27,456.00
16,490.52
27,829.16
3,651.09
88,127.50
3,757.82
27,310.63
1,974.11
102,746.94
669.00
458,690.29
1,857.91
11,628.87
5,944.30
79,201.92
81,648.15
41,339.97
24,084.17
4,474.33
6,922.28
1,030,757.14
2,205.38
15,115.74
13,500.00
16,490.60
17,164.19
2,327.26
83,378.63
1,207.76
27,789.98
3,156.08
73,964.79
1,188.00
411,099.57
3,173.67
19,379.95
4,662.31
24,801.60
112,251.51
45,135.04
29,851.66
3,883.60
7,802.91
919,530.23
-46.40%
-8.90%
103.38%
0.00%
62.14%
56.88%
5.70%
211.14%
0.00%
-1.72%
-37.45%
38.91%
-43.69%
11.58%
-41.46%
-40.00%
27.50%
219.34%
-27.26%
-8.41%
-19.32%
15.21%
-11.29%
12.10%
3,029
20,759
38,696
21,987
27,799
3,285
115,063
2,450
44,051
5,621
129,375
1,898
567,317
5,345
26,615
14,641
72,160
173,724
87,478
40,996
6,570
11,749
1,420,608
39.03%
66.33%
70.95%
75.00%
100.11%
111.16%
76.59%
153.36%
0.00%
62.00%
35.12%
79.42%
35.24%
80.85%
34.76%
43.69%
40.60%
109.76%
47.00%
47.26%
58.75%
68.10%
58.92%
72.56%
TOTAL OPERATING EXPENSES
426,015.40
448,529.30
-5.02%
3,856,222.17
3,920,297.64
-1.63%
5,726,562
67.34%
OPERATING INCOME (LOSS)
120,278.24
31,846.60
277.68%
937,417.09
560,002.40
67.40%
535,594
175.02%
NONOPERATING REVENUES
Interest Income
Other Income
Gain on Sale of Assets
TOTAL NONOPERATING REVENUES
15,332.29
15,332.29
13,060.83
13,060.83
17.39%
0.00%
0.00%
17.39%
135,787.08
17,000.00
152,787.08
109,112.08
109,112.08
24.45%
0.00%
0.00%
40.03%
144,028
144,028
94.28%
0.00%
0.00%
106.08%
NONOPERATING EXPENSES
Interest Expense
Amortization of Bond Expense
TOTAL NONOPERATING EXPENSES
3,538.33
3,538.33
4,230.88
4,230.88
-16.37%
0.00%
-16.37%
36,431.69
36,431.69
43,181.50
43,181.50
-15.63%
0.00%
-15.63%
50,985
50,985
71.46%
0.00%
71.46%
NONOPERATING INCOME (LOSS)
11,793.96
8,829.95
33.57%
116,355.39
65,930.58
76.48%
93,043
125.06%
INCOME (LOSS)
132,072.20
40,676.55
224.69%
1,053,772.48
625,932.98
68.35%
628,637
167.63%
CONTRIBUTIONS AND TRANSFERS
Contributions in Aid of Construction
Transfers
CHANGES IN NET ASSETS
132,072.20
40,676.55
0.00%
0.00%
224.69%
1,053,772.48
625,932.98
0.00%
0.00%
68.35%
628,637
0.00%
0.00%
167.63%
Page 9
Current Month
FiscalYear 9/30/26
% YTD
OPERATING REVENUES
Residential
Residential - Voice
Commercial
Commercial - Voice
Industrial
Cash Short & Over
Tapping/Connection Fees
Penalty Revenue
Miscellaneous Revenue
Broadband Revenue - (Internal)
TOTAL REVENUES
June
June
Period
2025-2026
2023-2024
Period
2026
2025
% Change
10/01/25 to
6/30/26
10/01/24 to
6/30/25
% Change
Budget
TARGET
SEWER
SEWER
SEWER
SEWER
SEWER
SEWER
SEWER
75.00%
844,060.13
832,663.34
259,751.51
267,342.55
644,929.09
568,819.74
2,850.00
13,857.61
6,723.78
1,650.00
12,735.85
6,117.36
1,772,172.12
1,689,328.84
96,797.67
95,355.26
23,150.08
24,621.77
78,238.55
72,545.23
700.00
1,066.17
531.37
1,409.09
882.96
200,483.84
194,814.31
DIRECT OPERATING EXPENSES
Power Purchased
Generation Costs
Bandwidth Purchased
Wholesale Voice
Depreciation - Direct
Education, Meetings & Travel - Direct
Employee Benefits - Direct
Labor - Direct
Labor - Construction in Progress
Maintenance - Direct
Equip. Expense - Construction in Progress
Supplies (Chemicals)
Fuel - Direct
Payroll Taxes - Direct
Pension Expense - Direct
Use Tax
Uniforms - Direct
Utilities - Direct
Utilities - Fiber/SCADA Communications
40,300.00
247.61
5,781.70
44,307.23
(6,588.46)
1,375.77
(16,619.28)
5,079.37
2,020.07
3,278.90
7,986.11
452.60
654.70
12,803.35
750.00
TOTAL DIRECT EXPENSES
GENERAL & ADMIN EXPENSES
Advertising & Promotion
Bad Debt Expense
Depreciation
Amortization
Dues & Subscriptions
Education, Meetings & Travel
Employee Benefits
Inventory Variances
Physical Inventory Variances
Payroll Taxes
Fuel
Insurance (Property)
Lab Fees & Tests
Labor
Miscellaneous Expenses
Customer Online Pmt Fees
Office Expenses
Supplies
Maintenance
Pension Expense
Professional Fees
Uniforms
Utilities
TOTAL GENERAL & ADMIN EXPENSES
1.51%
0.00%
-5.98%
0.00%
7.85%
0.00%
0.00%
-24.34%
-39.82%
0.00%
2.91%
2025-2026
Actual to Budget
1.37%
0.00%
-2.84%
0.00%
13.38%
0.00%
72.73%
8.81%
9.91%
0.00%
4.90%
1,151,835
367,150
786,372
5,092
19,264
11,077
2,340,790
73.28%
0.00%
70.75%
0.00%
82.01%
0.00%
55.97%
71.93%
60.70%
0.00%
75.71%
503,049
6,285
75,007
671,775
(6,805)
63,281
(6,998)
81,377
19,292
48,668
155,942
9,458
11,355
141,692
9,548
0.00%
0.00%
0.00%
0.00%
70.55%
40.74%
72.71%
60.67%
441.43%
50.54%
845.72%
80.86%
47.01%
62.39%
46.09%
19.23%
60.70%
74.13%
70.69%
42,000.00
5.60
5,224.78
47,762.50
(1,041.75)
2,814.72
(226.00)
6,920.83
1,134.34
3,428.08
4,923.08
128.90
759.47
12,144.05
750.00
0.00%
0.00%
0.00%
0.00%
-4.05%
4321.61%
10.66%
-7.23%
532.44%
-51.12%
7253.66%
-26.61%
78.08%
-4.35%
62.22%
251.12%
-13.80%
5.43%
0.00%
354,900.00
2,560.55
54,539.21
407,581.35
(30,040.16)
31,980.75
(59,181.74)
65,798.35
9,069.11
30,361.47
71,874.99
1,818.80
6,892.05
105,041.17
6,750.00
310,000.00
2,760.97
54,352.84
486,793.35
(21,675.21)
45,200.50
(20,216.97)
57,039.83
8,915.26
35,038.82
113,549.90
1,564.47
7,782.79
101,402.19
6,750.00
0.00%
0.00%
0.00%
0.00%
14.48%
-7.26%
0.34%
-16.27%
38.59%
-29.25%
192.73%
15.36%
1.73%
-13.35%
-36.70%
16.26%
-11.44%
3.59%
0.00%
101,829.67
126,728.60
-19.65%
1,059,945.90
1,189,258.74
-10.87%
1,782,925
59.45%
510.00
1,035.00
610.77
554.56
257.72
3,422.15
98.00
1,101.91
143.59
4,033.50
381.00
16,723.20
139.55
41.60
216.44
1,141.12
13,496.50
1,527.78
158.46
452.44
46,045.29
66.50
581.19
700.00
610.76
853.98
11.70
3,456.63
154.14
1,091.63
98.83
6,171.02
47.00
16,150.98
159.22
739.99
36.24
1,205.98
7,528.71
861.54
49.50
127.60
473.37
41,176.51
-100.00%
-12.25%
47.86%
0.00%
-35.06%
2102.74%
-1.00%
-36.42%
0.00%
0.94%
45.29%
-34.64%
710.64%
3.54%
-12.35%
-94.38%
497.24%
-5.38%
79.27%
77.33%
-100.00%
24.18%
-4.42%
11.82%
807.40
4,590.00
9,147.00
5,496.93
9,021.10
1,211.44
30,109.56
1,024.73
9,551.08
658.02
34,248.94
17,874.46
153,997.18
1,146.14
3,876.26
1,997.90
10,616.60
50,369.31
13,780.02
5,663.00
1,491.50
3,929.04
370,607.61
1,142.72
5,038.61
6,500.00
5,496.85
5,852.91
1,193.89
27,779.16
351.46
9,266.88
1,052.01
24,654.91
14,118.19
138,292.93
1,592.85
6,459.98
1,622.72
9,646.88
54,291.27
15,044.99
7,598.00
1,315.34
3,710.42
342,022.97
-29.34%
-8.90%
40.72%
0.00%
54.13%
1.47%
8.39%
191.56%
0.00%
3.07%
-37.45%
38.91%
26.61%
11.36%
-28.04%
-40.00%
23.12%
10.05%
-7.22%
-8.41%
-25.47%
13.39%
5.89%
8.36%
1,569
6,920
12,899
7,329
16,751
1,640
38,335
878
13,639
2,064
55,132
25,853
190,844
2,417
8,872
3,131
16,479
81,024
30,850
11,402
2,190
5,404
535,622
51.45%
66.33%
70.91%
75.00%
53.85%
73.89%
78.54%
116.77%
0.00%
70.03%
31.88%
62.12%
69.14%
80.69%
47.41%
43.69%
63.81%
64.43%
62.17%
44.67%
49.67%
68.11%
72.70%
69.19%
TOTAL OPERATING EXPENSES
147,874.96
167,905.11
-11.93%
1,430,553.51
1,531,281.71
-6.58%
2,318,547
61.70%
OPERATING INCOME (LOSS)
52,608.88
26,909.20
95.51%
341,618.61
158,047.13
116.15%
22,243
1535.86%
NONOPERATING REVENUES
Interest Income
Other Income
Gain on Sale of Assets
TOTAL NONOPERATING REVENUES
4,771.77
4,771.77
3,965.18
3,965.18
20.34%
0.00%
0.00%
20.34%
42,743.99
42,743.99
34,313.96
34,313.96
24.57%
0.00%
0.00%
24.57%
43,792
43,792
97.61%
0.00%
0.00%
97.61%
-
39.74
658.85
39.74
-100.00%
0.00%
-100.00%
-
-
-
658.85
-100.00%
0.00%
-100.00%
905
905
0.00%
0.00%
0.00%
NONOPERATING INCOME (LOSS)
4,771.77
3,925.44
21.56%
42,743.99
33,655.11
27.01%
42,887
99.67%
INCOME (LOSS)
57,380.65
30,834.64
86.09%
384,362.60
191,702.24
100.50%
65,129
590.16%
30,834.64
0.00%
0.00%
86.09%
191,702.24
0.00%
0.00%
100.50%
65,130
0.00%
0.00%
590.15%
NONOPERATING EXPENSES
Interest Expense
Amortization of Bond Expense
TOTAL NONOPERATING EXPENSES
CONTRIBUTIONS AND TRANSFERS
Contributions in Aid of Construction
Transfers
CHANGES IN NET ASSETS
-
57,380.65
-
-
384,362.60
Page 10
-
Current Month
FiscalYear 9/30/26
% YTD
OPERATING REVENUES
Residential
Residential - Voice
Commercial
Commercial - Voice
Industrial
Cash Short & Over
Tapping/Connection Fees
Penalty Revenue
Miscellaneous Revenue
Broadband Revenue - (Internal)
TOTAL REVENUES
DIRECT OPERATING EXPENSES
Power Purchased
Generation Costs
Bandwidth Purchased
Wholesale Voice
Depreciation - Direct
Education,Meetings and Travel
Employee Benefits - Direct
Labor - Direct
Labor - Construction in Progress
Maintenance - Direct
Equip. Expense - Construction in Progress
Supplies (Chemicals)
Fuel - Direct
Payroll Taxes - Direct
Pension Expense - Direct
Use Tax
Uniforms - Direct
Utilities - Direct
Utilities - Fiber/SCADA Communications
June
June
Period
2025-2026
2023-2024
2026
2025
% Change
10/01/25 to
6/30/26
10/01/24 to
6/30/25
% Change
Budget
TARGET
BROADBAND
BROADBAND
BROADBAND
BROADBAND
BROADBAND
BROADBAND
BROADBAND
75.00%
118,918.91
2,861.59
27,467.35
15,684.87
32,017.04
116,146.69
2,685.40
26,375.89
15,614.69
31,568.54
1,069,524.56
25,908.64
244,810.20
139,345.17
287,463.84
1,016,118.78
23,586.62
227,122.88
129,421.93
279,599.13
1,921.31
774.00
2,250.00
201,895.07
1,794.94
691.95
2,250.00
197,128.10
2.39%
6.56%
4.14%
0.45%
1.42%
0.00%
0.00%
7.04%
11.86%
0.00%
2.42%
22,224.92
6,784.69
20,250.00
1,816,312.02
21,163.25
14,741.27
20,250.00
1,732,003.86
5.26%
9.84%
7.79%
7.67%
2.81%
0.00%
0.00%
5.02%
-53.97%
0.00%
4.87%
1,435,859
32,737
324,038
172,563
467,855
28,218
38,858
27,810
2,527,937
74.49%
79.14%
75.55%
80.75%
61.44%
0.00%
0.00%
78.76%
17.46%
72.82%
71.85%
0.00%
0.00%
-9.37%
-0.52%
-2.18%
209.31%
16.32%
-1.12%
-41.20%
4.35%
-49.23%
0.00%
-36.40%
5.57%
-21.87%
60.30%
2.90%
0.00%
0.00%
378,499
95,432
696,529
231
54,807
285,472
(100,656)
92,056
(57,854)
9,575
23,279
65,920
1,558
4,443
-
0.00%
0.00%
63.85%
72.43%
69.52%
225.22%
66.49%
67.35%
42.82%
74.54%
36.97%
0.00%
43.01%
68.81%
56.89%
116.72%
63.41%
0.00%
0.00%
21,351.14
7,772.76
53,500.00
38.81
4,141.19
19,968.00
(4,793.81)
7,259.99
(1,585.41)
32,303.38
7,747.76
51,000.00
21.70
3,516.50
17,792.96
(4,862.67)
2,566.75
(2,376.11)
832.97
1,664.75
4,166.67
452.60
217.95
504.96
1,399.27
2,461.54
128.90
122.17
59.95
-
0.00%
0.00%
-33.90%
0.32%
4.90%
78.85%
17.76%
12.22%
-1.42%
182.85%
-33.28%
0.00%
64.96%
18.97%
69.27%
251.12%
78.40%
0.00%
0.00%
241,680.83
69,125.64
484,200.00
519.73
36,440.50
192,279.06
(43,099.56)
68,614.14
(21,386.32)
266,680.59
69,489.60
495,000.00
168.03
31,326.88
194,460.23
(73,293.12)
65,753.98
(42,126.94)
4,118.46
16,018.30
37,500.03
1,818.80
2,817.47
6,475.88
15,173.49
48,000.03
1,134.64
2,738.07
588.70
-
Period
2025-2026
Actual to Budget
TOTAL DIRECT EXPENSES
115,047.56
112,327.11
2.42%
1,091,235.78
1,080,981.36
0.95%
1,549,292
70.43%
GENERAL & ADMIN EXPENSES
Advertising & Promotion
Bad Debt Expense
Depreciation
Amortization
Dues & Subscriptions
Education, Meetings & Travel
Employee Benefits
Inventory Variances
Physical Inventory Variances
Payroll Taxes
Fuel
Insurance (Property)
Lab Fees & Tests
Labor
Miscellaneous Expenses
Customer Online Pmt Fees
Office Expenses
Supplies
Maintenance
Pension Expense
Professional Fees
Uniforms
Utilities
TOTAL GENERAL & ADMIN EXPENSES
510.00
1,035.00
610.76
38,793.19
257.70
3,422.31
98.00
973.56
143.59
4,033.50
16,779.23
139.54
365.84
216.44
370.93
3,722.65
1,527.78
1,967.50
158.44
314.83
75,440.79
22.50
581.19
800.00
610.76
7,107.17
11.69
4,824.75
154.14
992.48
98.84
6,171.02
16,287.45
546.21
943.33
36.23
(1,848.36)
3,804.20
861.53
1,549.50
127.58
363.11
44,045.32
-100.00%
-12.25%
29.38%
0.00%
445.83%
2104.45%
-29.07%
-36.42%
0.00%
-1.91%
45.28%
-34.64%
0.00%
3.02%
-74.45%
-61.22%
497.41%
-120.07%
-2.14%
77.33%
26.98%
24.19%
-13.30%
71.28%
187.39
4,590.00
9,147.00
5,496.84
287,463.87
949.62
29,593.58
1,024.73
8,567.66
658.05
34,248.97
152,964.95
1,099.04
7,094.21
1,910.19
4,955.69
44,784.58
13,780.02
8,947.50
1,491.39
3,445.89
622,401.17
971.36
5,038.61
4,400.00
5,496.85
145,699.13
524.26
43,054.23
351.39
8,748.95
1,051.98
24,654.90
145,214.21
1,134.20
8,317.17
5,229.47
2,050.12
34,227.90
15,044.97
9,428.00
1,273.65
3,381.43
465,292.78
-80.71%
-8.90%
107.89%
0.00%
97.30%
81.14%
-31.26%
191.62%
0.00%
-2.07%
-37.45%
38.91%
0.00%
5.34%
-3.10%
-14.70%
-63.47%
141.73%
30.84%
-8.41%
-5.10%
17.10%
1.91%
33.77%
1,334
6,920
12,898
7,329
217,158
1,491
59,415
3,925
3
22,338
2,668
44,782
185
200,396
3,661
14,586
7,182
19,021
70,361
20,662
15,749
3,285
5,320
740,668
14.05%
66.33%
70.92%
75.00%
132.38%
63.67%
49.81%
26.11%
0.00%
38.35%
24.67%
76.48%
0.00%
76.33%
30.02%
48.64%
26.60%
26.05%
63.65%
66.69%
56.81%
45.40%
64.77%
84.03%
TOTAL OPERATING EXPENSES
190,488.35
156,372.43
21.82%
1,713,636.95
1,546,274.14
10.82%
2,289,959
74.83%
OPERATING INCOME (LOSS)
11,406.72
40,755.67
-72.01%
102,675.07
185,729.72
-44.72%
237,979
43.14%
NONOPERATING REVENUES
Interest Income
Other Income
Gain on Sale of Assets
TOTAL NONOPERATING REVENUES
6,378.08
6,378.08
6,051.16
6,051.16
5.40%
0.00%
0.00%
5.40%
52,594.47
52,594.47
45,672.08
45,672.08
15.16%
0.00%
0.00%
15.16%
60,287
60,287
87.24%
0.00%
0.00%
87.24%
14,388.84
16,053.57
142,499.56
157,383.34
14,388.84
16,053.57
-10.37%
0.00%
-10.37%
142,499.56
157,383.34
-9.46%
0.00%
-9.46%
196,640
196,640
72.47%
0.00%
72.47%
NONOPERATING INCOME (LOSS)
(8,010.76)
(10,002.41)
-19.91%
(89,905.09)
(111,711.26)
-19.52%
(136,353)
65.94%
INCOME (LOSS)
3,395.96
30,753.26
-88.96%
12,769.98
74,018.46
-82.75%
101,626
12.57%
CONTRIBUTIONS AND TRANSFERS
Contributions in Aid of Construction
Transfers
CHANGES IN NET ASSETS
3,395.96
30,753.26
0.00%
0.00%
-88.96%
12,769.98
74,018.46
0.00%
0.00%
-82.75%
101,625
0.00%
0.00%
12.57%
NONOPERATING EXPENSES
Interest Expense
Amortization of Bond Expense
TOTAL NONOPERATING EXPENSES
Page 11
CLARKSVILLE CONNECTED UTILITIES
STATEMENT OF NET ASSETS
June 30, 2026 and 2025
June
2026
ASSETS
CURRENT ASSETS
CASH & EQUIVALENTS
Change Fund
Petty Cash
Draft Account
General Account
Payroll Account
Health Account
Deposit Account - (Operating)
June
2025
1101
1105
1113
1117
1121
1125
1130
800.00
150.00
12,753.56
8,481.10
138,889.86
4,930,333.68
5,091,408.20
800.00
150.00
21,109.01
4,228.58
133,548.19
1,821,754.16
1,981,589.94
1201
1205
1213
1217
1221
2,253,586.18
44,620.20
1,418,860.87
(155,336.68)
16,485.08
2,433,492.81
54,530.82
1,167,475.29
(121,127.89)
66,056.59
3,578,215.65
3,600,427.62
537,627.97
12,265.35
128,487.87
1,006,369.44
161,480.74
394,543.65
53,230.21
45,729.26
116,470.91
23,003.15
109,390.31
525,270.13
18,019.63
141,471.00
1,094,708.21
196,084.89
360,501.00
41,860.63
43,960.82
111,268.54
22,277.61
80,699.02
2,588,598.86
2,636,121.48
401,510.97
63,141.98
-
450,608.31
39,854.72
-
464,652.95
490,463.03
11,722,875.66
8,708,602.07
1602
1605
1606
1610
2,025,374.47
3,246,004.46
1,338,415.67
2,959,614.87
1,947,479.38
3,075,827.14
1,268,246.95
1,966,846.24
Revenue Bond Fund - Series 2013 - Citizens
1625
32,799.55
30,167.87
Revenue Bond Fund - Series 2019 - Citizens
1636
82,182.51
87,499.10
Revenue Bond Project Fund - Series 2019 - Citizens
1638
-
Rev. Bond Cost of Issuance Fund - Series 2019 - Citizens
2013 Bonds - Debt Service Reserve - Citizens
TOTAL FUND ACCOUNTS
1640
-
TOTAL CASH & EQUIVALENTS
ACCOUNTS RECEIVABLE
Accounts Receivable - UB
Accounts Receivable - Other
Unbilled Receivables
Allowance for Bad Debts
Accrued Interest Receivable
TOTAL ACCOUNTS RECEIVABLE
INVENTORIES
Electric - Materials
Electric - Meters
Poles
Transformers
Electric - Wire
Water - Materials
Water - Meters
Sewer - Materials
Broadband - Materials
Garage
1301
1309
1313
1317
1321
1325
1333
1337
1338
1341
1342-1350
Other Inventory
TOTAL INVENTORIES
PREPAID EXPENSES
Prepaid Insurance
Prepaid Expenses - Other
1401
1405
1409
Prepaid Pension
TOTAL PREPAID EXPENSES
TOTAL CURRENT ASSETS
NON-RESTRICTED FUND ACCOUNTS
Depreciation Fund
Depreciation Fund - CD
Depreciation Fund 2 - CD - RLOC
Improvements/Repair & Replace Fund
RESTRICTED FUND ACCOUNTS
1802
Page 1 of 3
Page 12
143,810.00
9,828,201.53
143,810.00
8,519,876.68
CLARKSVILLE CONNECTED UTILITIES
STATEMENT OF NET ASSETS
June 30, 2026 and 2025
CAPITAL ASSETS
Land - Electric
Land - Water
Land - Office
Building - Office
Building - Electric
Building - Warehouse
Broadband System
Electric System
Water System
Sewer System
Transportation Equipment
Generation Equipment
Office Equipment
Lab Equipment
Construction Equipment
Maintenance Equipment
Plant & Shop Equipment
Construction in Progress - Electric
Construction in Progress - Water
Construction in Progress - Sewer
Construction in Progress - Broadband
TOTAL CAPITAL ASSETS
1701
1705
1708
1709
1713
1717
1719
1721
1725
1729
1733
1735
1737
1741
1745
1749
1753
1757
1761
1765
1770
Less Accumulated Depreciation
1798
NET CAPITAL ASSETS
June
2026
June
2025
431,795.67
528,003.33
216,214.48
1,288,941.85
37,221.99
1,507,643.36
18,008,583.54
31,404,239.56
64,584,822.67
16,303,299.80
2,660,633.42
956,655.47
1,593,146.44
82,927.52
1,177,330.10
1,958,156.42
535,792.79
1,214,499.04
246,590.69
140,223.82
114,920.50
144,991,642.46
(95,967,750.67)
431,795.67
528,003.33
216,214.48
1,288,941.85
37,221.99
1,507,643.36
17,572,250.89
30,618,339.35
64,468,622.32
16,032,208.89
2,492,383.37
956,655.47
1,593,146.44
73,908.55
1,177,330.10
1,929,018.43
528,237.29
935,622.43
90,261.28
146,580.26
375,981.41
143,000,367.16
(92,564,694.17)
49,023,891.79
50,435,672.99
SUBSCRIPTION-BASED INFORMATION TECHNOLOGY
1780
18,322.75
91,614.10
OTHER ASSETS
Investment in Arkansas Electric Co-op
Investment in Arkansas Valley Electric
Scenic Solar Prepayment Deposit
Southwest Power Pool Deposit
1809
1813
1817
1818
29,483.93
160,981.93
3,000,000.00
3,190,465.86
34,189.15
160,981.93
3,000,000.00
3,195,171.08
TOTAL OTHER ASSETS
DEFERRED OUTFLOWS
Deferred Outflow of Resources-Pension Contribution
1835
250,000.00
250,000.00
Deferred Outflow of Resources-Actuarial
Deferred Outflow of Res-OPEB
1836
1,696,867.00
1,523,137.00
619,615.00
815,803.00
TOTAL DEFERRED OUTFLOWS
1838
2,566,482.00
2,588,940.00
TOTAL ASSETS AND DEFERRED OUTFLOWS
76,350,239.59
73,539,876.92
Page 2 of 3
Page 13
CLARKSVILLE CONNECTED UTILITIES
STATEMENT OF NET ASSETS
June 30, 2026 and 2025
June
2026
LIABILITIES & NET ASSETS
LIABILITIES
CURRENT LIABILITIES
Current Due on L-T Debt
Current Due on SBIT
Accounts Payable
Deferred Billing Payable (Levelized Billing)
Accrued Interest Payable
Accrued Payroll
Accrued PTO/Medical Leave
Accrued FICA on PTO/Medical Leave
Payable to City
Payable to Health Department
Sales Tax Payable
Early Retirement Payable
Net Other Post Employment Benefits Obligation
FICA Taxes Payable
Federal Withholding Tax
State Withholding Taxes Payable
Miscellaneous Payables
June
2025
Payable to Principal Financial
2101
2103
2105
2106
2109
2113
2114
2115
2117
2119
2121
2127
2128
2129
2133
2137
2141
2145
890,000.00
1,453,085.74
957.52
21,532.67
800,079.02
61,206.07
74,616.09
311.16
37,467.00
65,312.41
1,684,202.00
-
Other Payables
2195
267,120.47
AR High Cost Fee
2196
-
-
Fed Universal Fee
2198
-
-
2199
-
AR Public Safety
TOTAL CURRENT LIABILITIES
LONG-TERM DEBT
2013 Revenue Bonds
865,000.00
1,294,698.94
389.32
28,973.13
724,372.32
55,414.48
83,621.12
383.97
57,249.23
248,582.80
1,617,067.00
-
-
5,355,890.15
4,975,752.31
2019 Revenue Bonds
2503
2506
1,005,000.00
5,270,000.00
1,230,000.00
5,935,000.00
Unamortized Bond Premium
2507
57,986.86
65,389.54
2580
Subscription Based Info Technology
TOTAL LONG-TERM LIABILITIES
OTHER LIABILITIES
Net Pension Liability
Security Deposit - Vaughn Property
Meter Deposits - Electric
Meter Deposits - Sewer
Meter Deposits - Water
2600
2700
2701
2708
2709
Meter Deposits - BB
2710
Current Year Changes in Net Assets
TOTAL NET ASSETS (EQUITY)
TOTAL LIABILITIES, DEFERRED INFLOWS & NET ASSETS
Page 3 of 3
Page 14
321,601.06
229,500.00
538,344.77
76,424.83
83,431.84
342,920.02
481,748.13
71,368.15
78,813.16
1,500.00
976,349.46
12,940,079.51
13,251,098.62
2601
2602
1,964,455.00
116,928.00
2,081,383.00
2,238,978.00
149,941.00
2,388,919.00
3101
59,160,424.52
2,168,352.56
55,825,975.64
2,073,883.66
61,328,777.08
57,899,859.30
76,350,239.59
73,539,876.92
TOTAL DEFERRED INFLOWS
NET ASSETS
Earned Surplus
7,298,996.85
1,900.00
TOTAL LIABILITIES
Deferred Inflow of Res-OPEB
68,607.31
6,332,986.86
1,251,202.50
TOTAL OTHER LIABILITIES
DEFERRED INFLOWS
Deferred Inflow of Resources-Actuarial
-
CLARKSVILLE CONNECTED UTILITIES
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS
June 30, 2026
CURRENT MONTH
YEAR TO DATE
ELECTRIC
WATER
SEWER
BROADBAND
COMBINED
ELECTRIC
WATER
SEWER
BROADBAND
COMBINED
279,618.76
81,823.95
96,797.67
118,918.91
577,159.29
3,275,633.43
680,907.05
844,060.13
1,069,524.56
5,870,125.17
2,861.59
2,861.59
27,467.35
652,125.74
OPERATING REVENUES
Residential
Residential - Voice
Commercial
Commercial - Voice
Industrial
Cash Short & Over
300,232.30
675,428.61
301,276.01
155,124.65
23,150.08
78,238.55
15,684.87
15,684.87
32,017.04
940,808.85
2,942,152.83
7,200,302.56
2,637,782.14
1,407,345.07
259,751.51
644,929.09
25,908.64
25,908.64
244,810.20
6,084,496.68
139,345.17
139,345.17
287,463.84
9,540,040.56
20.00
-
-
-
20.00
194.46
-
-
194.46
Tapping/Connection Fees
4,600.00
400.00
700.00
-
5,700.00
13,864.47
14,300.00
2,850.00
-
31,014.47
Penalty Revenue
4,858.99
898.36
1,066.17
1,921.31
8,744.83
90,114.43
11,858.17
13,857.61
22,224.92
138,055.13
Miscellaneous Revenues
7,138.03
6,770.67
531.37
774.00
15,214.07
129,785.28
41,446.83
6,723.78
6,784.69
184,740.58
-
-
-
2,250.00
2,250.00
-
20,250.00
20,250.00
201,895.07
2,220,569.24
13,652,047.46
1,816,312.02
22,034,170.86
Broadband Revenue - (Internal)
TOTAL OPERATING REVENUES
1,271,896.69
546,293.64
200,483.84
-
-
-
4,793,639.26
1,772,172.12
OPERATING EXPENSES
DIRECT OPERATING EXPENSES
Power Purchased
1,163,828.53
-
-
-
1,163,828.53
9,908,561.85
-
-
-
Generation Costs
792.20
-
-
-
792.20
7,103.42
-
-
-
-
-
-
21,351.14
-
-
-
Bandwidth Purchased
Wholesale Voice
Depreciation
Education, Meetings & Travel - Direct
Employee Benefits - Direct
Labor
Labor - Construction in Progress
Maintenance
Equip. Expense - Construction in Progress
Supplies - Chemicals
56,242.95
127,080.00
40,300.00
21,351.14
7,772.76
7,772.76
53,500.00
277,122.95
507,286.55
-
1,137,265.00
354,900.00
241,680.83
9,908,561.85
7,103.42
241,680.83
69,125.64
69,125.64
484,200.00
2,483,651.55
42.03
246.72
247.61
38.81
575.17
13,732.59
2,433.71
2,560.55
519.73
19,246.58
9,508.28
13,770.44
5,781.70
4,141.19
33,201.61
88,394.07
121,097.31
54,539.21
36,440.50
300,471.09
77,261.89
57,226.96
44,307.23
19,968.00
198,764.08
750,511.25
558,232.86
407,581.35
192,279.06
1,908,604.52
(17,056.99)
(2,314.55)
(6,588.46)
(4,793.81)
(30,753.81)
(128,069.96)
(57,401.90)
(30,040.16)
(43,099.56)
(258,611.58)
2,786.26
5,077.72
1,375.77
7,259.99
16,499.74
294,668.49
64,712.31
31,980.75
68,614.14
459,975.69
(11,688.49)
(1,762.69)
(16,619.28)
(1,585.41)
(31,655.87)
(129,607.80)
(53,207.79)
(59,181.74)
(21,386.32)
(263,383.65)
-
24,851.96
5,079.37
-
29,931.33
542,304.78
65,798.35
-
Fuel
4,750.93
2,358.10
2,020.07
832.97
9,962.07
23,258.75
9,651.74
9,069.11
4,118.46
46,098.06
Payroll Taxes - Direct
5,875.51
4,671.65
3,278.90
1,664.75
15,490.81
57,244.74
44,448.89
30,361.47
16,018.30
148,073.40
Pension Expense - Direct
10,416.67
7,986.11
7,986.11
4,166.67
30,555.56
93,750.03
71,874.99
71,874.99
37,500.03
275,000.04
Use Tax
2,263.00
1,357.80
452.60
452.60
4,526.00
9,094.00
5,456.40
1,818.80
1,818.80
18,188.00
Uniforms - Direct
1,205.75
834.17
654.70
217.95
2,912.57
14,679.69
9,352.15
6,892.05
2,817.47
33,741.36
-
41,514.14
12,803.35
-
54,317.49
362,494.58
105,041.17
-
467,535.75
Utilities
Utilities-BB/SCADA Communications
TOTAL DIRECT OPERATING EXPENSES
-
-
608,103.13
750.00
750.00
750.00
59.95
2,309.95
6,750.00
6,750.00
6,750.00
588.70
20,838.70
1,306,978.52
283,648.53
101,829.67
115,047.56
1,807,504.28
11,517,357.67
2,825,465.03
1,059,945.90
1,091,235.78
16,494,004.38
Page 1 of 2
Page 15
CLARKSVILLE CONNECTED UTILITIES
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS
June 30, 2026
CURRENT MONTH
ELECTRIC
WATER
SEWER
YEAR TO DATE
BROADBAND
COMBINED
ELECTRIC
WATER
SEWER
BROADBAND
COMBINED
GENERAL & ADMINISTRATIVE EXPENSES
Advertising & Promotion
-
-
-
-
-
1,112.96
1,182.18
807.40
187.39
3,289.93
Bad Debt Expense
2,550.00
1,530.00
510.00
510.00
5,100.00
22,950.00
13,770.00
4,590.00
4,590.00
45,900.00
Depreciation
5,190.00
3,110.00
1,035.00
1,035.00
10,370.00
45,780.00
27,456.00
9,147.00
9,147.00
91,530.00
Amortization
3,053.80
1,832.28
610.77
610.76
6,107.61
27,484.20
16,490.52
5,496.93
5,496.84
54,968.49
Dues & Subscriptions
4,906.15
2,126.89
554.56
38,793.19
46,380.79
63,897.43
27,829.16
9,021.10
287,463.87
388,211.56
Education, Meetings & Travel
1,288.59
773.15
257.72
257.70
2,577.16
4,509.98
3,651.09
1,211.44
949.62
10,322.13
Employee Benefits
17,111.27
10,266.76
3,422.15
3,422.31
34,222.49
146,931.37
88,127.50
30,109.56
29,593.58
294,762.01
Inventory Variances
489.98
293.98
98.00
98.00
979.96
5,123.69
3,757.82
1,024.73
1,024.73
10,930.97
-
-
-
-
-
-
-
-
-
5,484.77
3,011.18
1,101.91
973.56
9,551.08
8,567.66
717.96
430.78
4,177.09
143.59
5,469.42
3,290.24
1,974.11
658.02
658.05
6,580.42
20,167.50
12,100.50
-
4,033.50
36,301.50
171,244.90
102,746.94
34,248.94
34,248.97
342,489.75
Physical Inventory Variances
Payroll Taxes
Fuel
Insurance - (Property)
Lab Fees & Tests
-
381.00
-
48,266.93
27,310.63
-
93,696.30
435.75
1,776.12
669.00
17,874.46
83,560.67
50,169.95
16,723.20
16,779.23
167,233.05
764,415.49
458,690.29
153,997.18
152,964.95
Miscellaneous Expenses
660.22
381.12
139.55
139.54
1,320.43
3,476.58
1,857.91
1,146.14
1,099.04
7,579.67
Customer Online Pmt Fees
208.00
124.80
41.60
365.84
740.24
19,384.78
11,628.87
3,876.26
7,094.21
41,984.12
Labor
54.75
10,571.42
20,319.58
1,530,067.91
Office Expenses
1,140.47
649.33
216.44
216.44
2,222.68
9,975.09
5,944.30
1,997.90
1,910.19
19,827.48
Supplies
2,358.11
35,290.00
1,141.12
370.93
39,160.16
27,610.20
79,201.92
10,616.60
4,955.69
122,384.41
Maintenance
21,301.47
13,315.71
13,496.50
3,722.65
51,836.33
171,534.41
81,648.15
50,369.31
44,784.58
348,336.45
Pension Expense
7,638.89
4,583.33
1,527.78
1,527.78
15,277.78
68,900.01
41,339.97
13,780.02
13,780.02
137,800.02
Professional Fees
2,986.86
1,250.00
-
1,967.50
6,204.36
65,974.77
24,084.17
5,663.00
8,947.50
104,669.44
Uniforms
792.23
475.34
158.46
158.44
1,584.47
7,457.23
4,474.33
1,491.50
1,491.39
14,914.45
Utilities
3,271.74
651.77
452.44
314.83
4,690.78
34,568.21
6,922.28
3,929.04
3,445.89
48,865.42
184,933.43
142,366.87
46,045.29
75,440.79
448,786.38
1,715,664.59
1,030,757.14
370,607.61
622,401.17
3,739,430.51
TOTAL OPERATING EXPENSES
1,491,911.95
426,015.40
147,874.96
190,488.35
2,256,290.66
13,233,022.26
3,856,222.17
1,430,553.51
1,713,636.95
20,233,434.89
OPERATING INCOME (LOSS)
(220,015.26)
120,278.24
52,608.88
11,406.72
(35,721.42)
419,025.20
937,417.09
341,618.61
102,675.07
1,800,735.97
23,230.17
15,332.29
49,712.31
202,532.33
135,787.08
42,743.99
52,594.47
433,657.87
TOTAL GENERAL & ADMINISTRATIVE EXPENSES
NONOPERATING REVENUES
Interest Income
4,771.77
6,378.08
Other Income
-
-
-
-
-
2,667.50
Gain on Sale of Assets
-
-
-
-
-
19,000.00
17,000.00
TOTAL NONOPERATING REVENUES
-
23,230.17
15,332.29
4,771.77
6,378.08
49,712.31
224,199.83
152,787.08
14,388.84
18,555.81
11,187.53
36,431.69
-
-
2,667.50
-
-
36,000.00
42,743.99
52,594.47
472,325.37
142,499.56
190,118.78
NONOPERATING EXPENSES
Interest Expense
628.64
3,538.33
-
Amortization of Bond Expense
-
-
-
TOTAL NONOPERATING EXPENSES
628.64
3,538.33
-
14,388.84
18,555.81
11,187.53
36,431.69
22,601.53
11,793.96
4,771.77
(8,010.76)
31,156.50
213,012.30
116,355.39
(197,413.73)
132,072.20
57,380.65
3,395.96
(4,564.92)
632,037.50
1,053,772.48
-
85,410.00
85,410.00
3,395.96
80,845.08
717,447.50
TOTAL NONOPERATING REVENUES & EXPENSES
INCOME (LOSS) BEFORE CONTRIBUTIONS AND TRANSFERS
-
-
-
-
-
-
-
142,499.56
190,118.78
42,743.99
(89,905.09)
282,206.59
384,362.60
12,769.98
2,082,942.56
CONTRIBUTIONS AND TRANSFERS
Contributions in Aid of Construction
Transfers
CHANGES IN NET ASSETS
85,410.00
(112,003.73)
132,072.20
57,380.65
Page 2 of 2
Page 16
1,053,772.48
384,362.60
12,769.98
85,410.00
2,168,352.56
Clarksville Connected Utilities
Fund and Cash Accounts
06/30/26
Last Date
Interest
Paid
Depreciation Fund Account
Int. Rate
G/L #1602
4.375%
06/30/26
3.750%
05/26/26
Centennial
Maturity
Date
Account Type/
Term
Established
Due to
Amount
Allowable
Expenditures
Accrued
Interest
Receivable
Checking
2,025,374.47
Comm. Action
Maint. & Debt Serv.
0.00
02/26/26
12 mo
3,246,004.46
Comm. Action
Maint. & Debt Serv.
11,672.28
02/26/26
12 mo
1,338,415.67
Comm. Action
Maint. & Debt Serv.
4,812.80
2,959,614.87
Comm. Action
Maint. & Debt Serv.
0.00
Depreciation Fund - CD
G/L #1605
Centennial - CD
Electric Generation Fund/Depreciation Fund - CD's
G/L #1606
Centennial - CD
3.750%
05/26/26
4.375%
06/30/26
Checking
Improvements Fund
G/L #1610
Centennial
Revenue Bond Fund Series 2013 and 2019
G/L #1625
Citizens Bank
01/31/14
2013 Bond Fund
32,799.55
Bond Ordinance
Debt Service
G/L #1636
Citizens Bank
05/22/19
2019 Bond Fund
82,182.51
Bond Ordinance
Debt Service
G/L #1638
Citizens Bank
05/22/19
2019 Bond Project Fund
0.00
Bond Ordinance
Debt Service
G/L #1802
Citizens Bank
01/31/14
Bond Reserve Fund
143,810.00
Bond Ordinance
Debt Service
TOTAL FUND ACCOUNTS
9,828,201.53
Page 17
16,485.08
All Accounts below are Classified in the Balance Sheet under Current Assets as Cash.
G/L #1101 - Change Fund
0.000%
800.00
0.00
G/L #1105 - Petty Cash
0.000%
150.00
0.00
Cash on Hand
0.000%
0.00
0.00
Operating Account (General Fund)
G/L #1117
Centennial
4.375%
06/30/26
Checking
12,753.56
0.00
4.375%
06/30/26
Checking
4,930,333.68
0.00
Checking
0.00
Deposit Account/Draft Acct
G/L #1130
Centennial
G/L #1113
Centennial -EFT Acct
Payroll Account
G/L #1121
Centennial
4.375%
06/30/26
Checking
8,481.10
0.00
4.375%
06/30/26
Checking
138,889.86
0.00
TOTAL CASH ACCOUNTS
5,091,408.20
0.00
TOTAL FUND/CASH ACCOUNTS
14,919,609.73
Health Account
G/L #1125
Centennial
Page 18
MONTHLY DISBURSEMENTS & BANK RECONCILIATION
CENTENNIAL BANK ACCOUNT
7/31/2026
Balance as of 06/30/2026
12,753.56
Deposits and Interest
2,754,252.95
Correction Deleted Batch
-
Voided Checks Cashed
-
Voided Checks
Check Bank Discrepancy
Transfer to Deposit Account
(183,000.00)
Total to account for
2,584,006.51
Disbursements:
Meter Refunds
69946
Leo Borland
69947
Shelly Bowden
50.00
45.60
69948
William Cotton Jr.
123.64
69949
Tenessa French
149.11
69950
Donald Frost Jr.
35.66
69951
Caleb Jewell
28.84
69952
Kimberly Tate
168.10
69953
Marion Thomas
35.64
69954
Rebecca Virden
84.02
69955
2 Raven Fitness
108.78
69956
Barham Law Office
19.79
69957
Chrystal Collins
24.49
69958
Johnson County District Court
54.99
69959
Madison McDermeit
55.24
69960
Roger Brooks
53.86
69961
Jerry or Tammy Smith Childers
14.99
69962
Donald Cook
24.45
69963
Felipa or Martin Garcia
44.24
69964
Connie Hale
21.99
69965
Wesley Hart
200.21
69966
Interstate Fireworks, LLC
39.46
69967
Johnson County District Court
124.88
69968
James Mohr
6.57
69969
Mollie Patton
67.84
69970
Mychael Roberts
66.78
69971
Mary or Michael Sanders
24.90
69972
The Groom-N-Room
95.66
69973
Santana Tostado
17.67
69974
Jackie Tuma
74.84
69975
Lucy Vanover
11.11
69976
Rita & Sidney Vaught
27.92
69977
Jessica Yates
35.71
69978
Moises Zamorano
65.40
Operating Expenses
139371
Amazon Capital Services
139372
Arkansas Electric Cooperatives
1,478.24
3,632.77 Electric Inventory
139373
Arkansas Valley Electric Cooperatives
13,194.95 Utilities-Spadra Pump & Piney Internet Services
139374
Core & Main
2,229.28
139375
Core Telecom Systems
5,128.51 Broadband Inventory
139376
E & E Mowers
124.39
139377
Environmental Enterprise Group
327.00
139378
Fastenal
113.00
Page 19
139379
FS.Com
361.35
139380
Maximum Effort Fit
268.00
139381
Jeff Mize
30.59
139382
R & E Supply, Inc of Russellville
139383
Red River Oil
139384
River Valley Fastener & Industrial
65.17
139385
River Valley Winwater Works
478.30
139386
SBRK Finance Holdings
2,224.34
139387
Schweitzer Engineering Laboratories
3,731.37 Electric Maintenance
139388
Techline
1,800.21
139389
University of the Ozarks
975.37
139390
Whitson-Morgan
128.27
139391
Wholesale Electric Supply
53.59
139392
Wilhelms Fitness/24 Hr. Family Fitness
180.00
139393
Brenda Youngblood
900.00
139394
Arkansas Department of Environmental Quality
200.00
139395
Bobby Cagle
139396
Citizens Bank Trust/Bonds 2013 & 2019
139397
Alice Felkins
200.00
139398
Bettye Hobbs
200.00
139399
Rachel Johnson
139400
Ritter Cable
139401
John Schuh VI
139402
USAble Life
679.21
139403
USAble Life
2,479.18
139404
USAble Mutual Insurance
87,576.84
139405
Greg Cagle
139406
First Choice Drug Testing and Occupational Health
72.00
139407
American Paper & Twine
676.08
139408
Arkansas Deaf & Hard of Hearing Telecom
139409
Arkansas Division of Emergency Management
139410
Arkansas Electric Cooperatives
139411
Arkansas Municipal Power
2,986.86 Electric Monthly Professional Fees
139412
Encore Bank-Arkansas Public Service Commission
2,223.25
139413
Atwoods Distributing
605.16
139414
Border State Industries
2,018.31
139415
Cintas
3,687.69 Uniforms(All Depts)
139416
Crow-Burlingame
1,488.95
139417
Datamax
139418
Elliott Electric Supply
139419
Fisher and Arnold
139420
Harp's Food Stores
139421
Henard Utility Products
139422
MailCo USA
139423
Master Made Tanks
1,808.95
139424
OzarksGo
23,000.00 Broadband June 2026 Services
139425
Priority Power Management
12,441.75 Electric Professional Fees for June 2026
139426
Red River Oil
139427
SBRK Finance Holdings
1,966.79
139428
Security Bankcard Center
3,367.02 AI Voice Annual Renewal/Supplies/Meetings/UPS(All Depts)
139429
System Chemical- Sid Brown
139430
Verizon Wireless
1,804.51
139431
Amazon Capital Services
2,609.97 Broadband Job# 412601/Electric Maintenance
139432
Arkansas Child Support Clearinghouse
51.51
139433
Arkansas Department of Environmental Quality
400.00
139434
Arkansas Department of Health
25.00
139435
Arkansas Department of Health
25.00
139436
Arkansas Electric Cooperatives
350.40
76.80
1,405.76
200.00
91,467.53 Principal, Interest, & Fees for 2013 & 2019 Bonds
200.00
4,005.00 Broadband Monthly Dedicated Internet
200.00
Health, Vision, & Dental Monthly Invoice
102.00
6.91
898.30
107,656.02 Electric Job# 112609
229.13
75.95
3,560.00 Professional Services Electric/Invoice Serverfarm for charges.
14.89
5,137.74 Water/Sewer Inventory
455.00
47.93
106.84
Page 20
139437
Artrac
26.13
139438
Conner Cagle
238.00
139439
Greg Cagle
170.00
139440
Consolidated Admin Services
50.00
139441
DLT Solutions
994.97
139442
Doggett Freightliner of Arkansas
573.76
139443
E & E Mowers
139444
ePlus Technology
139445
Fastenal
277.52
139446
Midwest States First Aid & Safety
322.71
139447
Jeff Mize
139448
Metro Optical Solutions/Momentum Telecom
7,702.07 Broadband Wholesale Voice
139449
Rock-It Natural Stone
1,957.10
139450
Rural Telephone Service
139451
Stuart C Irby
3,452.66 Electric Inventory
139452
Sunbelt Solomon Services
4,366.87 Electric Maintenance/Repair
139453
Vire Control Systems
139454
Vision Metering Solutions
5,195.00
Electric Inventory
139455
City of Clarksville
18,315.20
Pay to City Monthly Invoices
139456
Clarksville Bearing and Supply
77.93
139457
Environmental Enterprise Group
54.00
139458
Forrester-Davis Development Center
139459
HD Supply
139460
International Computer Systems
4.50
139461
J A Riggs Tractor
70.89
139462
Johnson County Farmers Association
139463
Meadors Lumber
139464
nexAir
139465
O'Reilly Automotive Stores
185.44
139466
Staples Contract & Commercial
106.49
139467
Texarkana Tractor
405.34
139468
Amazon Capital Services
945.39
139469
American First Response
1,649.03
139470
Arkansas Child Support Clearinghouse
139471
Arkansas Department of Environmental Quality
139472
Arkansas Department of Environmental Quality
500.00
139473
Arkansas One-Call System
147.70
139474
Marie Bishop
139475
Border State Industries
4,297.88 Electric Inventory
139476
Calix
4,982.52 Broadband Job# 412601
139477
Certex USA
139478
City of Clarksville
139479
Clarksville Rotary Club
139480
Core & Main
139481
Denali Water Solutions
62,410.50
WTP Maintenance(Sludge Removal)
139482
Fletcher Oil
2,699.40
Support Inventory
139483
Harcros
1,620.00
139484
Harden Enterprises
5,950.00 Broadband Job# 412602
139485
Hawkins
6,269.33 WTP Inventory/WTP Maintenance
139486
HD Supply
139487
Isolved
319.91
139488
ISPN
4,260.60
139489
Itron
9,894.95 Annual Renewal for Meter Readers Handheld System
139490
JDS Supply
942.90
139491
Johnson County Circuit Clerk
30.00
139492
Jeff Mize
139493
Metro Optical Solutions/Momentum Telecom
22,765.10 Broadband Bandwidth Purchased
139494
OSP Solutions
1,391.49
103.53
6,465.00 Broadband Monthly Service Fee
88.63
375.00
821.25
41.44
1,194.05
1,664.19
837.93
4,769.35
WTP Inventory
51.51
6,400.00 PCF Permit Renewal
100.00
537.94
74,616.09 Pay to City Franchise Fee for July 2026
210.00
313.17
483.06
Help Desk Support(All Depts)
93.81
Page 21
139495
Power & Telephone Supply
139496
Quill
830.38
139497
Regulatory Compliance Services
139498
River Valley Fastener & Industrial
139499
Scranton Truck & Trailer
139500
Sexton Furniture & Appliance
766.45
139501
Ronda Sparks
133.50
139502
Staples Contract & Commercial
139503
Techline
139504
TeleDynamics
139505
W W Grainger
139506
Water Tech
139507
Lyle West
139508
Answer Fort Smith
139509
Citizens Bank Trust/Bonds 2013 & 2019
139510
Arkansas Electric Cooperatives
139511
Arkansas Valley Electric Cooperatives
139512
Black Hills Energy Arkansas
139513
Hi-Speed
139514
Techline
139515
Wesco Distribution
139516
Wholesale Electric Supply
85.89
139517
Amazon Capital Services
110.55
139518
American Family Life Assurance
139519
Arkansas Department of Health & Human Services
1,567.20
139520
Arkansas Electric Cooperatives
27,880.37 Electric Inventory
139521
CenturyLink
139522
Cogent Communications
2,129.92 Bandwidth Purchased
139523
Core & Main
1,466.21
139524
Bridges Crumrine/WW Dumpster
1,050.00
139525
FS.com
139526
Hawkins
139527
JDS Supply
599.99
139528
Mid South Sales
131.35
139529
Jeff Mize
139530
n2grate Government Technology Solutions
75,018.70 Broadband Annual Renewal
139531
nexAir
4,584.23 WTP Inventory/Electric Maintenance
139532
Oakwood Systems Group
467.24
139533
Oklahoma Gas & Electric
2,242.36
139534
Pitney Bowes Credit
139535
Quill
139536
Rayvlon
139537
River Valley Winwater Works
139538
Sterling Steel
256.67
139539
Stoltz Recycling
1,253.78
139540
System Chemical- Sid Brown
220.55
139541
T & S Bryan/Family Shoe Store
284.65
139542
Texarkana Tractor
162.48
139543
W W Grainger
139544
Water Tech
139545
Wholesale Electric Supply
382.41
139546
Brenda Youngblood
900.00
139547
Bobby Cagle
200.00
139548
Alice Felkins
200.00
139549
Bettye Hobbs
200.00
139550
Rachel Johnson
200.00
139551
John Schuh VI
200.00
139552
USAble Life
679.21
327.26
1,990.00
129.86
10,452.94 Electric Maintenance
386.40
1,926.51
416.68
18.75
62,853.02 WTP Chemicals & Inventory
860.00
866.86
91,467.53
Principal, Interest, & Fees for 2013 & 2019 Bonds
129.69
24,198.16 Utilities Piney Pump Station
186.32
488.53
3,991.50 Maintenance Electric
545.31
3,864.42 Employee Paid Supplemental Insurance
58.45
372.30
7,018.96 WTP Inventory
94.71
430.67
393.29
1,200.00
807.30
584.91
24,426.93 WTP Inventory
Page 22
139553
USAble Life
2,479.18
139554
USAble Mutual Insurance
88,169.52
ACH
UMB Bank/Trustee for White River Hydro
299,160.00 Purchase Power
ACH
Evergy Kansas Central
60,761.51 Purchase Power
ACH
Scenic Hill Solar
32,661.20 Purchase Power
ACH
TPI Natural/Today's Power
110,844.87 Purchase Power
ACH
Evergy Kansas Central
59,684.18 Purchase Power
ACH
Southwest Power Pool
115,922.59 Purchase Power
ACH
Evergy Kansas Central
107,928.17 Purchase Power
ACH
Evergy Kansas Central
153,000.00 Purchase Power
ACH
Southwest Power Pool
110,000.00 Capacity Study
ACH
Evergy Kansas Central
11,938.46 Purchase Power
ACH
Evergy Kansas Central
73,186.58 Purchase Power
ACH
Centennial Bank Trustee for Southwestern Power
202,171.41 Purchase Power
ACH
Trillium/Greenbacker
7,982.82 Purchase Power
ACH
Evergy Kansas Central
87,984.32 Purchase Power
Total Disbursements
Ending Balance
2,571,572.70
7/31/2026
12,433.81
Page 23
Health, Vision, & Dental Monthly Invoice
Clarksville Connected Utilities
Bank Reconciliation -Liberty Bank - A/C 1117
7/31/2026
Balance Per Bank Statement
398,232.07
Discepencies:
Add Deposits in Transit:
Voided Checks Cashed:
-
Less Outstanding Checks:
Ck Number
69289
69298
69319
69340
69395
69399
69413
69487
69490
69492
69501
69509
69512
69520
69549
69564
69565
69601
69605
69613
69618
69631
69633
69637
69644
69658
69660
69663
69733
69752
69758
69759
69760
69801
69808
69846
69848
69858
69878
69879
69920
Amount
8.49
6.75
44.92
110.67
19.87
61.35
52.15
3.26
160.41
38.27
138.62
71.69
134.04
21.03
26.41
164.69
29.43
4.12
113.14
14.15
9.35
23.76
5.37
9.56
100.67
121.84
49.64
9.00
6.88
45.23
3.42
141.26
10.02
200.00
9.39
60.42
98.99
147.48
7.09
19.27
80.13
2,382.23
Ck Number
Amount
Ck Number
69927
69928
69932
69937
69939
69942
69947
69951
69953
69954
69957
69960
69961
69962
69963
69964
69965
69966
69967
69968
69969
69970
69971
69972
69973
69974
69975
69976
69977
69978
137841
138579
139344
139496
139497
139500
139510
139511
139512
139513
139514
129.12
33.42
113.70
211.98
207.40
68.58
45.60
28.84
35.64
84.02
24.49
53.86
14.99
24.45
44.24
21.99
200.21
39.46
124.88
6.57
67.84
66.78
24.90
95.66
17.67
74.84
11.11
27.92
35.71
65.40
50.00
375.00
25.00
327.26
1,990.00
766.45
129.69
24,198.16
186.32
488.53
3,991.50
139515
139516
139517
139518
139519
139520
139521
139522
139523
139524
139525
139526
139527
139528
139529
139530
139531
139532
139533
139534
139535
139536
139537
139538
139539
139540
139541
139542
139543
139544
139545
139546
139547
139548
139549
139550
139551
139552
139553
139554
34,529.18
Amount
545.31
85.89
110.55
3,864.42
1,567.20
27,880.37
58.45
2,129.92
1,466.21
1,050.00
372.30
7,018.96
599.99
131.35
94.71
75,018.70
4,584.23
467.24
2242.36
430.67
393.29
1,200.00
807.30
256.67
1,253.78
220.55
284.65
162.48
584.91
24,426.93
382.41
900.00
200.00
200.00
200.00
200.00
200.00
679.21
2,479.18
88,169.52
252,919.71
Ck Number
Amount
ACH
ACH
7,982.82
87,984.32
95,967.14
385,798.26
12,433.81
Debbie Pintado
Page 24
Power Cost Adjustment
POWER COST ADJUSTMENT AUGUST 2026
Date
Sep-24
Oct-24
Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Ind Co
$257,407.50
$301,140.00
$246,540.00
$289,980.00
$320,580.00
$238,680.00
$278,760.00
$72,000.00
$227,820.00
$245,340.00
$267,840.00
$287,700.00
$318,360.00
$349,380.00
$259,260.00
$228,480.00
$289,740.00
$221,580.00
$305,400.00
$282,000.00
$191,940.00
$299,160.00
SHS
$49,755.70
$39,412.24
$28,012.00
$24,079.62
$29,386.17
$30,839.51
$50,995.19
$48,064.01
$53,404.56
$63,939.32
$64,447.91
$58,698.46
$41,294.61
$39,412.24
$28,011.99
$24,079.62
$29,386.18
$30,839.49
$50,995.19
$48,064.01
$34,213.20
$32,661.20
Green
$19,525.80
$22,976.60
$15,087.62
$12,145.52
$16,640.93
$13,513.28
$20,770.45
$17,316.68
$5,924.02
$5,374.77
$4,941.55
$4,607.01
$4,137.18
$3,886.50
$3,671.34
$3,157.24
$3,340.42
$4,314.00
$3,831.60
$2,978.51
$3,577.98
$7,982.82
SWPA
OMPA/EVERGY
SPP
Today's Power
$118,800.62
$571,792.22
$82,625.91
$117,306.02
$448,355.59
$81,839.62
$114,968.72
$434,823.53
$81,787.75
$111,423.02
$479,279.44
$80,483.85
$118,653.82
$567,467.37
$81,954.19
$112,869.12
$540,890.34
$71,096.92
$128,796.42
$361,319.21
$70,498.89
$142,152.02
$457,869.49
$70,486.25
$164,192.32
$332,026.81
$70,449.49
$223,644.74
$456,600.60
$70,262.95
$225,731.44
$622,185.60
$81,178.19
$220,807.04
$599,911.63
$101,815.58
$157,410.24
$593,039.52
$101,017.52
$135,058.84
$533,165.55
$99,744.67
$128,995.84
$497,165.06
$108,559.97
$134,994.34
$536,781.54
$108,520.26
$154,344.34
$602,123.19
$123,435.46
$36,378.65
$146,969.84
$575,017.62
$119,907.14
$62,316.37
$130,660.02
$483,417.01
$111,468.53
$96,963.58
$141,087.64
$327,683.98
$113,729.17
$86,808.19
$164,737.04
$289,187.78
$117,893.31
$91,325.13
$202,171.41
$376,371.70
$115,922.59
$110,844.87
Old Base:
New Base
Base 05/2023
CCU Gen
$4,353.30
$4,249.24
$4,254.45
$4,250.64
$4,235.97
$4,215.20
$4,216.13
$4,231.17
$4,228.32
$4,218.86
$792.38
$788.56
$789.86
$788.58
$789.60
$786.73
$787.73
$784.92
$787.94
$797.22
$788.96
$788.12
Adjust
Adtl (Priority Power, Attny Fees…)
Total
Add or SubtLessDifference
$1,104,261.05
$1,015,279.31
$925,474.07
$1,001,642.09
$1,138,918.45
$1,012,104.37
$915,356.29
$812,119.62
$3,062.82
$861,108.34
$2,000.00
$1,071,381.24
$2,008.17
$1,269,125.24
$820.99
$1,275,149.27
$820.99
$1,216,869.92
$820.99
$1,162,257.37
$2,745.99
$1,029,199.79
$1,838.49
$1,038,638.22
$1,645.99
$1,241,181.96
$1,975.99
$1,163,705.37
$903.49
$1,184,427.36
EVERGY STARTED JUNE 2026 PCA APRIL 2026 BILLS WHERE
$8,035.99OMPA$1,011,184.71
HEADING IS
$8,579.99
$902,243.39
$9,012.74
$1,154,915.45
S:\Revenue Report\Fuel Adjustment Spreadsheet\New Fuel Adjustment Formula 10.10.2021
Page 25
Purchase
Date
Feb-21
Sep-24
Oct-24
Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
$0.0295 Lines shaded in Red are using the old Fuel Adjustment Formula W/6 Month Rolling Avg
$0.0550 Lines NOT shaded are using the new Fuel Adjustment Formula using Monthly data
$0.0475
Six
Six
$Power
Month Reading
kwh
Month
Fuel
Purchased
Total
Date
Sold
Total
Adjustment
$1,121,900.51
$6,611,661.23
Mar/Apr 15,639,205.99
100,175,567.90
0.036526
$1,104,261.05
$6,072,422.06
Oct/Nov 15,953,647.00
106,218,180.00
0.00967
$1,015,279.31
$6,346,676.12 Nov/Dec 15,166,990.00
106,483,930.00
0.01211
$925,474.07
$6,383,627.66
Dec/Jan 14,550,698.00
103,190,746.00
0.01437
$1,001,642.09
$6,391,974.69
Jan/Feb 15,116,862.00
100,763,567.00
0.01594
$1,138,918.45
$6,364,508.90
Feb/Mar 18,286,764.00
98,583,580.00
0.01706
$1,012,104.37
$6,197,679.34
Mar/Apr 14,235,928.00
93,310,889.00
0.01892
$915,356.29
$6,008,774.58
Apr/May 13,551,043.00
90,908,285.00
0.0186
$812,119.62
$5,805,614.89 May/June 14,808,738.00
90,550,033.00
0.01662
$861,108.34
$5,741,249.16 June/July 16,553,807.00
92,553,142.00
0.01454
$1,071,381.24
$5,810,988.31
July/Aug 18,438,072.00
95,874,352.00
0.01312
$1,269,125.24
$5,941,195.10 Aug/Sep 21,845,485.00
99,433,073.00
0.01226
$1,275,149.27
$6,204,240.00
Sep/Oct 19,218,684.00
104,415,829.00
0.01192
$1,216,869.92
$6,505,753.63
Oct/Nov 16,561,739.00
107,426,525.00
0.01307
$1,162,257.37
$6,855,891.38 Nov/Dec 15,424,157.00
108,041,944.00
0.01596
$1,029,199.79
$7,023,982.83
Dec/Jan 13,300,014.00
104,788,151.00
0.01954
$1,038,638.22
$6,991,239.81
Jan/Feb 15,279,131.00
101,629,210.00
0.0213
$1,241,181.96
$6,963,296.53
Feb/Mar 18,128,695.00
97,912,420.00
0.02362
$1,163,705.37
$6,851,852.63
Mar/Apr 13,024,712.00
91,718,448.00
0.02721
$1,184,427.36
$6,819,410.07
Apr/May 14,594,988.00
89,751,697.00
0.02849
$1,011,184.71
$6,668,337.41 May/June 14,667,291.00
88,994,831.00
0.02743
$902,243.39
$6,541,381.01 June/July 17,254,899.00
92,949,716.00
0.02288
$1,154,915.45
$6,657,658.24
July/Aug 19,926,058.00
97,596,643.00
0.02072
Departmental Reports
ELECTRIC DEPARTMENT
To:
Eric Heinrichs
From:
Chris Goodman
Subject:
Electric Overview August
Date: 08/18/2026
•
Right of Way: We are trimming trees daily to maintain clearance on electric lines.
•
Preventative Maintenance: Crews are replacing rotten poles as we find them.
•
Right of Way: We are brushogging our right of ways.
•
Southwest Sub: We have a circuit breaker that was damaged and have replacement
bushings ordered.
Page 26
Departmental Reports
POLLUTION CONTROL FACILITY
To:
Eric Heinrichs
From:
Porsha Russell
Subject:
PCF Update August
Date: 08/18/2026
•
All reports are complete and up to date.
•
The average daily flow for outfall 001 (plant) was 0.741 MGD with a daily max of 1.089
MGD. There was a total of 22.981 MG discharged and received 26.606 MG for the
month of July.
•
We received 1.65” of rainfall with 5.395 MG being put into our pond system (outfall
002) in the month of July.
•
Grit conveyor is still inoperable. Using tanker truck to clean out as needed.
•
#2 Pump at pump station #12 (South Rogers) is not working. I received new pumps.
Waiting on guide rails.
•
Installed check valves on #2 Pump at pump station #1.
•
Performed routine maintenance.
•
Inspected grease traps.
•
Replaced rusted bolts in pump building.
•
Applied lime to land used to apply our biosolids.
•
Replaced transducer and pump down controller at pump station #10.
•
Installed railings at the step aerator.
•
Installed new flow meter for low return pump.
Page 27
Departmental Reports
SUPPORT SERVICES DEPARTMENT
To:
Eric Heinrichs
From:
Chad Kendell
Subject:
Support Services Overview August 2026 (Shop, Inventory, Grounds &
Buildings)
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•
•
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•
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•
•
•
•
•
•
•
•
•
•
•
•
•
•
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Date: 08/18/2026
#319 Tractor (Kubota), installed new tube in rear tire.
#55 Truck, replaced cabin air filter and mud flaps.
#17a Aerial Truck, installed new latches.
#94 Tractor, worked on small gear oil leak.
PCF, Contractor is installing our fence now.
PCF, repaired control cables that were broken by fence contractors.
#35 Truck, replaced blower motor & resistor.
Brush hog, welded up tail wheel.
#146 Tractor (John Deere), replaced hour meter.
#314 Tractor (Kubota), replaced front tires.
#319a Tractor (Kubota), replaced damaged lift arms.
#183 Skid Steer (John Deere), replaced door.
#25 Small Bucket Truck, replaced A/C clutch & A/C compressor.
#312 Mulcher (Cat), replaced teeth & replaced 2 hydraulic hoses.
#11 Truck, replaced blower motor & resistor.
#39 & #15 Dump trucks, built & installed choke holders on the trucks.
Country Club generator, installed new block heater.
#38 Truck, replace brake booster & replaced cabin filter.
#89 Dozer, replaced hydraulic hose.
PCF, replaced batteries in generator.
Eight (8) mileage/hours vehicle services have been completed.
Five (5) annual services were completed.
Safety- Implementing JSA’s(Job-Site Safety Analysis) in SiteDocs.
Safety- Conducting Weekly & Monthly safety meetings for all departments.
Page 28
Departmental Reports
BROADBAND/IT DEPARTMENT
To:
Eric Heinrichs
Date: 08/18/2026
From:
Jason Sparks
Subject:
Broadband/IT Overview August
Fiber/SCADA Jason Sparks – Broadband Manager
• Turned up light on fiber as requested in PONs
• Installs as scheduled 45 installs to date including previous installs
• Ran 10 new drops
• Disconnected 41 services
• Assisted with ISPN trouble tickets
• Maintained SCADA and repair any issues
Projected for Fiber/SCADA
• Turn up light as needed in PONs
• Installs as Scheduled
• Assist with ISPN trouble tickets
• Maintain SCADA and repair any issues
IT-Brandon Campbell
• Static IP Changes
• Worked on Water SCADA Outage
• Maintenance Window
• Fixed Domain Issues
• Moved last DC and shut down
• Reseat SWS TA5K cards
• Troubleshoot Dispatch center
• Talk with Inductive Automation for Ignition troubleshooting
• Momentum backbone provider troubleshooting
• Shut down Momentum to bring up Ritter as the main provider
• Interviews with potential employees
• CCTV design
• Setup new laptop
• Troubleshoot Chris Goodman (Megger)
Lee Tilley-Phone Specialist
• Provisioned Multiple GPON customers
• Completed Multiple ISPN tickets
• Completed IT Spiceworks tickets
• Wrote Port-Over orders in RPX for residential customers
• Coordinated with business customers and migrated 29 Static IP customers to the New OZGO static IP’s
• Worked with OZGO to setup OpenVPN access to their network equipment and the Bandwidth usage
dashboard.
• Installed Hosted PBX system to Clarksville Bearing and Supply. Customers bought 4x Hosted phones with
Auto attendant features.
• Assigned 2x New phone numbers for Cortes Family Insurance
• Fixed an issue with Momentum and Clarksville School District on a bad provisioning URL issue they were
having causing the phones to lose registration.
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•
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•
Created Spreadsheet to track all Static GPON customers that need migrated over to the OZGO network.
Sold Hosted PBX system to Village pharmacy. Waiting to hear back from customer for install date
Ported Tiger mart phone number and worked with tech to install Wi-Fi mesh unit
Provisioned New Hosted phone for Parker Animal Clinic
Conducted Safety Toolbox talks training with Fiber Department
Crossed trained with Brandon on Nutanix environment and a virtual PC to manage SCADA equipment
remotely.
Page 30
Market Penetration and Take Rate Report
As of 7/31/26, penetration numbers are as follows based on 4,334 electric meters. We have currently
completed 3,363 drops to date which equate to 77.5% of said meters also having fiber to the home or
business. Of those 3,363 drops, 2,249 are active subscribers, which equates to a 51.8% take rate.
Jason Sparks
Broadband Manager
Page 31
Departmental Reports
WATER DISTRIBUTION/COLLECTION DEPARTMENT
To:
Eric Heinrichs
Date: 08/18/2026
From:
Kaedon Turner
Subject:
Water/Sewer Department Overview August
Department Over-Time:
• Responded to 15 water related call-outs resulting in 30 hours overtime.
• Responded to 0 sewer related call-outs resulting in 0 hours overtime.
Maintenance:
• Water
o Fixed 4 water leaks on service lines throughout the city
o Repaired Leak on 30” Raw Water Main
o Repaired 1.5” Main leak @ 1710 W. Main & 2” Main @ 7 Shackleford
o Move 6” Water Main @ Red Wing Shoes
o Replace Water Services under street @ 410 Hilltop, 133 Cherokee
o Install/Replace new 2” main and 3 new services on Palmer Rd. for Data Center
construction
o Brush hog Ludwig Lake & Raw Water Line
o Spray for Vegetation control @ Water Tanks & Pump Station
• Sewer
o Jet washed 1 sewer main lines to unstop blockages.
o Camera 0 sewer service lines
o New sewer tap @ 1342 S. Rogers & 210 Green St.
o Install 6 “ Cleanout @ 137 N. Circle
o Repair/ Replace manhole tops @ Valentina Dr., Intersection of Sevier & Blackburn, Rose
Motel
• Water Tank Inspections
• Water Valve maintenance
• Fire Hydrant Maintenance
• Sewer I&I Issues
New Water Taps – 0
New Sewer Taps – 2
Working Projects:
• Investigating Possible Galvanized Water Mains
• Brush hogging right of way
• Reynolds/Farris St. Phase II Information on utility plans for Olssen
• Data Center Site F – 20” replacement with 24” from Palmer Rd. to Harris Rd.
• Data Center Solaris- 8”, 24”, 30” replacement from Water Treatment Plant to Big Danger Rd.
Completed Projects:
Page 32
Departmental Reports
WATER TREATMENT PLANT
To:
Eric Heinrichs
From:
Dustin Rainey
Subject:
WTP Overview August
Date: 08/18/2026
•
Working on monthly reports to ADH & ADEQ
•
The price of chemicals continues to increase. We have our vendors send updated quotes the
first of each month to determine the best possible price we can get.
o Update: The price of chemicals and fuel surcharges are starting to increase again.
•
Update: Rob with Pureflow showed up to work on the generators, however, did not get them
operational. While here #3 went down as well. He said #1, #2, #3 all need gas flow valve that
must be calibrated by the factory.
o Update: One of the two new gas flow valves was bad and is being replaced by Pureflow.
▪ Update: Pureflow sent the replacement gas flow valve for generator #3. It is now
blowing a breaker and only 18 mini sept’s are running. Pureflow has received an
email, I am waiting for a response.
•
Update: Spadra Pump #1 needs a control valve replaced. The pump will run but will not shut
down. We have rebuilt it several times throughout the years and it cannot be rebuilt
anymore. The estimated cost will be around $20,000.
•
Update: Spadra Main breaker has tripped multiple times Mooney Electric is looking into the
cause.
o Update: Mooney Electric adjusted short time/longer Instantaneous dials and still having
issues.
▪ Update: Mooney Electric has megger tested wiring and is now waiting on
Semins.
• Update: Mooney Electric has adjusted on the main some more there’s
not enough water to test it yet.
•
Piney Pump #5 valve is currently torn apart. We are waiting for confirmation of the correct
parts list.
▪ Update: Piney Pump #5 parts have been ordered.
•
Denali has removed all our sedimentation from our ponds for this year.
•
West and South clarifier sludge blow off valves are down and need replaced or rebuilt if
rebuild kits are available due to age.
o Update: In the process of ordering new replacement valves.
▪ Update: West blow off has been installed.
•
Filter to waste valve #3 is currently broke waiting on Lucas with Telemetry Solutions to look
repair cost verses replacement.
Page 33
CLARKSVILLE CONNECTED UTILITIES COMMISSION
DATE: August 24th, 2026
AGENDA ITEM – 6A
ITEM: Old
SUBJECT: Financial Planning Study
INITIATOR: Eric Heinrichs, General Manager
UPDATE: In our July Commission meeting, this item was tabled to give the GM time to research
the follow-up questions asked during that meeting. Below is a summary of those findings and will
be expanded upon during the August meeting. Following this newly inserted update section is
the original NEW item sections as they were presented in July, for your reference.
1. There are a lot of moving parts and projects being taken by CCU. We are projected to
make a significant amount of new revenue in 2030. Why not wait till then?
a. These revenues and timelines are not guaranteed. Furthermore, if we wanted to
use these future revenues to decrease our rate structure overall, we need to know
what costs are and what they should be in order to make an informed decision to
that end for our customers.
2. If things significantly change in the future after this study has been completed, how can
we be sure that the study is still valid and not a waste of $80k that will need to be done
again in a few months?
a. The data collected provides insight to what we have done up to now. By design,
the reports and models made in excel can be used by CCU after the study ends to
further tweak and explore solutions for our future financial needs with this data
once it has been delivered to us.
3. There are a lot of ways to use $80k. Why prioritize spending it on those current needs
instead?
a. $80k only fixes 1 significant problem today. The problem that the GM wants to
address is long-term sustainability and justification of our costs to our
communities. Most of the projects being identified for future capital expenditure
are in the scale of hundreds of thousands to millions of dollars each and every year
moving forward. We need a plan to achieve that level of meaningful
improvements to our infrastructure, staff, and skill levels. Short term pain for long
term gain for the community we serve.
4. When we finish this study, what are the next steps? What does this enable us to tackle
given this new information?
a. Justification for our rate structures and future changes if needed based on
increasing or decreasing revenues in the future. Utilities are complex long-term
entities that need consistent year to year improvements just to maintain current
levels of service. Technologies are always improving how things can be better
managed and can provide better service or better value to our customers. We
need to be confident in our revenues and our needs as a utility to achieve that.
Page 34
5. Return with not to exceed pricing as the GM didn’t explicitly ask for NTE pricing for the
quotes that he obtained.
a. The GM confirmed that the prices as described in July were indeed intended to be
not to exceed pricing for the Commission to approve.
6. Will the services pricing change to address the multiple possible future paths and risks
that the utility is facing?
a. No. At the heart of this work is collecting the data that we have and putting it into
a form that we can use and adapt to study future conflicts and opportunities as
they arise. While this is limited to what we can discuss and direct the firm to look
at for us within the timeline of the project, after the final models are delivered,
CCU employees can manipulate and maintain this information to continue to
address these future planning efforts as they reviewed and implemented.
BACKGROUND: Public Utilities are required to charge rates in line with their costs to provide a
public service to their communities and track and maintain financial security and trust to the rate
payers that they serve. The first part to ensure that a utility’s rates are sufficient to collect enough
revenue is by projecting its future financial needs, tracking its capital projects, operating
expenses, and depreciated asset replacement programs to ensure it is run reliably.
ANALYSIS: The GM believes that having a third party that specializes in utility financial planning
and rate design is an important first step to securing and improving CCU’s financial future and
growth. The goal of this study is to provide objective information describing CCU’s current
financial health and its future operational needs to start a fact based conversation on its finances
with its commissioners, city council, and the rate payers that it serves. Currently, CCU has some
of the lowest rates in the state of Arkansas for the services we provide. The GM believes that
CCU’s rates are not in line with its current resources and financial position to maintain reliable
services sustainably into the future. The only way to discuss this with facts is to study CCU’s
current finances, set reasonable financial and operational targets, and design their rates to be in
line with generating the necessary revenue to continue reliable and safe service to its community.
Three firms were contacted to provide investigate the costs, scope, and benefits of a completing
a Financial Planning Study for CCU. The first firm did not return the emails sent to the firm
inquiring about their services and so only two cost estimates, scopes, and submissions have been
provided to review. The GM has worked with the first firm before and is aware that this firm has
a large existing customer base and may not have the resources currently available to take on
additional projects this year. So, the lack of response is not completely unexpected.
The second and third firms are currently under contract by Conway Corp studying different
departments of their utility. One is Raftelis and the other is NewGen Strategies and Solutions LLC.
NewGen was started in 2012 and has a staff of 70 employees with 14 offices located nationwide.
They provided a wide range of past clients and history of projects that cover all of the utility
services and studies that CCU requires. Their proposal has two phases, a data collection phase
and the creation of a 10-year financial plan that CCU can build off once the plan is reviewed and
the study is completed. This information can be used to continue future more in-depth studies
Page 35
with NewGen such as a complete rate design and cost of service study to provide CCU with
options that meet the findings and goals identified in the financial plan in 2027. These additional
studies are outside of the scope of their current proposal. The cost estimate for the first 2 phases
is $80,000 and has an estimated delivery of its findings in Q1 of 2027 depending on the speed in
which CCU provides NewGen with the data that they will request over the next several months
starting in August 2026. The schedule is quite open and is to be defined tighter as work begins.
Raftelis is a company that has provided services for 33 years and has a staff of 190 consultants
nationwide. Their proposal consists of 4 parts and assuming a kickoff date in mid-August the
project schedule and cost of each part is projected to be the following:
1. Assessment of Financial Practices – mid-August to end of September - $19,260
2. Financial Plan for Utility Services – September 1st to mid-October - $36,400
3. Organization and Staff Assessment – mid-September to mid-October - $18,100
4. Power Demand Forecast and Supply Review – End of September to End of October $11,860
Associated travel expenses to cost $6,192 for a project total of $91,812.
Raftelis’s proposal feels more tailored to our current needs. Additionally, I don’t know if the
$11,860 study is required as we have Evergy and Scott Shrive under contract to provide these
services for us already. However, while they have had an extensive client and project history list,
broadband is not a utility study they have tackled before.
FINANCIAL CONSIDERATION: Depending on the company and services offered, CCU could spend
anywhere from $61,852 to $91,812 based on the two proposals and scopes of work offered.
LEGAL CONSIDERATION: As far as a study there is not much legal risk to undertaking this study.
However, with the sensitive nature of the Data Center project and the NDA’s in place at CCU, an
NDA will be asked to be signed before the project kicks off to keep their legal requirements and
discretion to the same level that we are held to currently.
RECOMMENDATION: Raftelis’s proposal seemed to be more in-depth and tailored to the needs
of CCU. Excluding the $11,860 Power Demand Forecast and Supply Review, their project cost
estimate comes out nearly the same $80,000 as NewGen’s estimate. But with a larger scope for
the money and a quicker well-defined timeline to complete the project. Raftelis’s only downside
is their team’s lack of broadband utility experience. However, a study of our boardband rates,
infrastructure assets and expected lifetime, and current contracts could still be studied with
similar methods to our other utilities. Distribution utilities like CCU are all fundamentally about
obtaining a reliable resource and building the infrastructure to distribute that resource to their
customers. Broadband rate design just may be something we need to do more research in the
future with a different firm if we explore changes to the services we currently offer to commercial
accounts, business phone services, and Wi-Fi deployment services. The GM believes that the
information gained for CCU’s purposes as the first step in investigating our finances and company
planning would still be sufficient using Raftelis.
Page 36
My recommendation is to send a notice to proceed to Raftelis, complete a contract review, define
a schedule for payments, and begin working on this study with them around August 17 th to stick
to their current proposed timeline. I would like to have the commission vote to allow CCU to
pursue, pay for, sign a contract after appropriate legal review, and complete the financial study
with Raftelis in or about the timeline and cost as described in their proposal.
Page 37
CLARKSVILLE CONNECTED UTILITIES COMMISSION
DATE: August 24th, 2026
AGENDA ITEM – 6A
ITEM: New
SUBJECT: Engineering Firm Selection for Wastewater Treatment Plant Project
INITIATOR: Eric Heinrichs, General Manager
BACKGROUND: Olsson Engineering has been working with CCU on maintaining and expanding
both its Water Treatment Plant and its Wastewater Treatment Plant for more than 10 years. They
are the firm working with CCU on the water side of the Data Center and have been a good partner
to work with on projects that have required engineering design over that period.
ANALYSIS: A 40-month project is by no means a sprint, but starting a few months earlier with a
firm that is familiar with our Wastewater Treatment Facility and has our confidence to help us
complete the project as soon as possible is worth the uncertainty of maybe spending a little more
on price versus getting other bids, evaluating firms for the lowest price, and potentially picking a
firm that is unable to complete what is a very important project for CCU and carries with it harsh
consequences if the project fails to completed in as timely a fashion as possible.
FINANCIAL CONSIDERATION: Pre-construction costs from September 2026 to October 2027
$2,280,000. And expected construction project administration, management, and commissioning
to from October 2027 to the estimated end of project in January of 2030 to be $2,280,000.
Currently there is a public vote for a $35M sales tax bond to give CCU the funds to complete this
project. These funds, if approved by the public, will be available in Spring of next year. If this is
voted down in November, the next (last) option is to issue a $35M revenue bond and approving
an 80% wastewater rate increase to cover the revenue bond’s debt service payments. At earliest,
this could go to City Council in December once the public vote is known and filing the required
documents for the revenue bond could be put in place.
Olsson estimates the month engineering fees to be around $190,000 per month in the first 10
months of the project to complete the design and submit final plans to the relevant state
agencies. To bridge the gap between bond funds being available, depreciation reserves can be
used to pay these costs until the bond funds are available and can be used to reimburse the
depreciation account back to its original balance before the start of the project.
LEGAL CONSIDERATION: A contract amendment under our current Service Agreement will be
formalized in the next few weeks before work begins in September 2026. Additionally, funds
must be appropriated and made available to this project before the start of this project.
Page 38
RECOMMENDATION: The GM asks the board to approve using Olsson Engineering as the
Engineer Design Firm for the design of the Wastewater Treatment Plant Overhaul and
subsequent construction and management services for the project until completed in 2030.
Page 39
CLARKSVILLE CONNECTED UTILITIES COMMISSION
DATE: August 24th, 2026
AGENDA ITEM – 6B
ITEM: New
SUBJECT: Authorization to Spend Depreciation Fund towards WWTP Design Cost
INITIATOR: Eric Heinrichs, General Manager
BACKGROUND: Outside of bank accounts used for payroll and day-to-day transactions, CCU
currently maintains 3 Depreciation Fund Accounts, one of which is a savings account with a
current balance of $2,032,073.74 as of 8/21/26.
ANALYSIS: CCU has at least a year’s worth of engineering design and regulatory review that needs
to be done before the start of any construction work necessary to overhaul our WTP. We are
several months away from any bond money coming into CCU but the resolution that was adopted
by City Council August 10th covers the reimbursement of any costs we spend towards this project
when a sales tax or a revenue bond is ultimately approved to fund the project.
Part of the future project agreement with Olsson will include a review point when $1 Million
dollars of cost is reached so that in the event funding is not available for this project, CCU has a
way to pause or end the project and not promise payment to Olsson with funds that CCU doesn’t
currently have a means of obtaining. This gives CCU as much coverage on the pieces we don’t
have control over while still allowing CCU to have its cash accounts reimbursed for anything that
is spent by CCU when either the sales tax or revenue bond is issued.
FINANCIAL CONSIDERATION: CCU would spend $1 Million dollars of its cash to get a 5-month
jump on the project timeline. The upside is when the sales tax bond or the revenue bond CCU is
looking to get with the support of the City, any fees we spend toward this project can be
reimbursed at the time that bond money is distributed to CCU. The only risk we have is if both
bonds are voted down, CCU stops the project at $1M spent and must seek a separate avenue to
continue its project.
LEGAL CONSIDERATION: As a public entity, in order to spend any funds three requirements must
be met: the money exists to be spent, it is appropriated by our Board, it is approved to be spent
by its executive officers. Crews and Associates has provided CCU with a mechanism to recover
costs spent before the project is done, and CCU has the money on hand to start early before the
bonds are secured to address the larger risk of not overhauling the WTP before a future
environmental issue occurs due to infrastructure failure. I need the Boards approval to pursue
this project kickoff as soon as possible.
RECOMMENDATION: The GM asks that the board approve spending up to $1 Millon of its cash
from the Depreciation Fund account it has in order to begin working with Olsson on the
engineering design that is needed for the Waste Treatment Plant’s Overhaul Project.
Page 40
CLARKSVILLE CONNECTED UTILITIES COMMISSION
DATE: August 24, 2026
AGENDA ITEM – 6C
ITEM: New Business
SUBJECT: Authorization to Execute Financial Audit Engagement Letter
INITIATOR: Dana Frizzell, Finance Officer
BACKGROUND: CCU is required to undergo an annual independent financial audit. Hubbs and
Whitehead CPAs, the firm that performed the prior year’s audit, has submitted an engagement
letter for the upcoming audit cycle.
ANALYSIS: Continuing with Hubbs and Whitehead CPAs provides continuity due to the firm’s
familiarity with CCU’s financial systems and audit processes. Staff has reviewed the engagement
letter and confirmed that the proposed scope and timeline satisfy applicable regulatory
requirements.
FINANCIAL CONSIDERATION: The audit fee will not exceed $55,500.
LEGAL CONSIDERATION: Commission approval is consistent with procurement requirements for
professional services and will authorize CCU to enter into the audit engagement under the
proposed terms.
RECOMMENDATION: Authorizing the Financial Officer, Dana Frizzell, to execute the engagement
letter with Hubbs and Whitehead CPAs for the annual independent financial audit for the year
ending September 30, 2026.
Page 41
CLARKSVILLE CONNECTED UTILITIES COMMISSION
DATE: August 24th, 2026
AGENDA ITEM – 6D
ITEM: New Business
SUBJECT: Certificate of Deposit Renewal
INITIATOR: Dana Frizzell, Finance Officer
BACKGROUND: CCU has two certificates of deposit scheduled for renewal on August 26, 2026.
Competitive bids were solicited from local financial institutions for a 12-month term.
ANALYSIS: Competitive bids were obtained from local financial institutions to maximize
investment yield. Arkansas Federal Credit Union submitted the highest interest rate received.
However, Arkansas Federal Credit Union is not FDIC-insured and therefore does not meet the
statutory requirements for the deposit of public funds under Arkansas law.
Arkansas Code § 19-5-101(1) defines an eligible “bank” for purposes of public funds as a financial
institution insured by the Federal Deposit Insurance Corporation (FDIC). Although Arkansas
Federal Credit Union is federally insured through the National Credit Union Share Insurance Fund
(NCUSIF), which is backed by the federal government, NCUSIF insurance is separate from FDIC
insurance. Therefore, Arkansas Federal Credit Union is not included on the Arkansas State Bank
Department's list of financial institutions eligible to receive public funds.
After excluding the ineligible credit union bid, Union Bank submitted the highest qualifying
interest rate among eligible financial institutions for a 12-month term.
FINANCIAL CONSIDERATION: Renewing these certificates for 12 months with Union Bank will
generate approximately $190,000 in interest revenue for CCU. There are no penalty fees or
transfer costs associated with this transaction.
LEGAL CONSIDERATION: Arkansas Code § 19-5-104(a) requires public funds to be invested in
banks located in Arkansas, and Arkansas Code § 19-5-101(1) requires an eligible financial
institution to be insured by the Federal Deposit Insurance Corporation. Arkansas Federal Credit
Union, despite being federally insured through the National Credit Union Share Insurance Fund,
does not meet the FDIC-insurance requirement and is therefore not eligible to receive CCU public
funds.
Based on legal counsel and independent audit guidance, CCU should limit the CD investment to
financial institutions appearing on the Arkansas State Bank Department's list of eligible publicfunds depositories. Union Bank is an eligible depository institution.
Page 42
For funds exceeding FDIC insurance limits, additional security or collateralization will be obtained
in accordance with Arkansas Code § 19-5-107 and applicable CCU investment policies. Required
documentation and collateralization agreements will be executed by legal counsel and
authorized signers upon Board approval.
RECOMMENDATION: Approve the transfer and renewal of the certificates of deposit from
Centennial Bank to Union Bank for a 12-month term, as Union Bank submitted the highest
interest rate among the eligible financial institutions participating in the competitive bid process
and the proposed investment complies with applicable Arkansas public-funds requirements.
Page 43
Bid Opening Date: August 11, 2026
Bid Closing Date: August 19, 2026
Certificate of Deposit (CD) Bid Results
Clarksville Connected Utilities requests a sealed bid from your institution for Certificates
of Deposit as follows:
Date of
Purchase
8/26/26
8/26/26
Terms
12 months
12 months
Method of
Payment
Check
Check
Frequency of
Interest
Quarterly
Quarterly
Amount
3,276,685.87
1,351,066.45
Bid Results
Financial Institution
Bid Received Date/Time
Bid Rate
Results
Arkansas Federal Credit Union
Union Bank
Bank OZK
Centennial Bank
First Security
Simmons Bank
Arvest
August 18, 2026 at 1:14 pm
August 18, 2026 at 10:55 am
August 14, 2026 at 2:40 pm
August 12, 2026 at 11:08 am
August 19, 2026 at 8:58 am
August 11, 2026 at 4:38 pm
August 12, 2026 at 10:44 am
4.20%
4.10%
4.00%
3.87%
3.82%
3.70%
2.53%
Highest Bid
2nd Highest
3rd Highest
4th Highest
5th Highest
6th Highest
7th Highest
Seven bids were received.
All CD’s purchased by CCU will be Collateralized by pledged U.S. Government
obligations, in compliance with the procedure for perfecting a security interest under
state law. A statement reflecting such collateralized holdings will be provided to CCU
and updated for any changes.
Sincerely,
Dana Frizzell, CPA
Finance Officer
(479) 754-3148 Ext 122
Page 44
From: Jason Carter <[email protected]>
Sent: Thursday, August 20, 2026 12:35 PM
To: Eric Heinrichs <[email protected]>
Subject: Clarksville CD Bid Letter August 2026.pdf
Eric,
•
•
•
•
•
Ark. Code § 19-5-104(a) requires all public funds to be invested into banks located in this state.
Ark. Code § 19-5-101(1) defines "bank" to mean a state bank, national bank, savings bank,
savings association, thrift, or other financial institution authorized to do business and having a main
office or branch office in this state, which is insured by the Federal Deposit Insurance Corporation.
The State puts out a list of all institutions that are eligible for deposit of public funds (FDIC insured)
here:Financial Institutions Archive - AR State Bank Department
HERE'S THE RUB: Arkansas Federal Credit Union is not FDIC insured. They are insured by the
National Credit Union Share Insurance Fund which is backed by the federal government, but that's
not the FDIC. Thus, they aren't on the list.
You should only invest funds that are FDIC insured. If you are above the FDIC limit, you need to
request and be given additional security through a supplemental agreement as described in Ark.
Code § 19-5-107.
This seems like the banks out-maneuvered the credit unions at the legislature. However, you don't want
to dinged on this in an audit. Feel free to share my response with Arkansas Federal Credit Union. They
may have other information that could get us comfortable with their products.
Let me know if you want to discuss,
Jason Carter
From: Justin Anthony <[email protected]>
Sent: Thursday, August 20, 2026 3:14 PM
To: Dana Frizzell <[email protected]>
Subject: Clarksville CD Bid Letter August 2026
Hi Dana,
So in looking at that, the banks are correct in that it’s Arkansas Code that public funds must be deposited
in banks considered eligible by the AR Bank Commission. You can find it in AR Code Annotated, Section
19-5-105. According to the statute, the bank commissioner must furnish a list of such banks. It appears
to be a subject of controversy as it gives banks a monopoly over handling public funds, despite credit
unions having largely the same types of deposit protections as banks. Unfortunately, this one feels pretty
black and white and you’d want to stick with banks for the CD bids just to avoid any trouble. I hope this
helps!
Thanks,
Page 45
CLARKSVILLE CONNECTED UTILITIES COMMISSION
DATE: August 24th, 2026
AGENDA ITEM – 6E
ITEM: New
SUBJECT: Easement Abandonment
INITIATOR: Eric Heinrichs, General Manager
BACKGROUND: Part of building and maintaining utilities is owning and maintaining the land
rights and access required to work on the infrastructure once it is installed and put into service.
Easements can remain indefinitely so long as they are necessary for the services that the utility
is providing. Abandoning the rights to an easement, to my knowledge, is at the sole discretion of
the utility even after it is no longer useful.
ANALYSIS: Easement is across a property that is off of Wise Rd and South Rogers St. Approx
location described below. Current easement is unused and wooded area that we have cleared in
years. Tallon Drive is the current access road for our vehicles that didn’t exist when this easement
was obtained. This is just my opinion but if it were my property I’d hope the utility that served
me would abandon this easement if the role was reversed. Especially since it isn’t currently used,
maintained, or seen as being useful to own for future plans or expansion of the utility.
FINANCIAL CONSIDERATION: Loss of $10 spent on original easement agreement.
Page 46
LEGAL CONSIDERATION: Easements have been put in place for CCU under various names and
descriptions over the years. Currently the practice is to use “Clarksville Connected Utilities of the
City of Clarksville”. There have been times that CCU didn’t have a Board in the past and an older
easement like this could actually be the responsibility of the City of Clarksville to abandon it.
However, this particular easement was signed to Clarksville Light and Water so the GM doesn’t
believe that to be an issue in this case.
RECOMMENDATION: The GM asks the Board to abandon the easement on this property. It is no
longer needed with the addition of the public roads constructed after this easement was acquired
years ago.
Page 47
Page 48
Page 49
Page 50
Page 51
CLARKSVILLE CONNECTED UTILITIES
CUSTOMER REPORT
RES.
Date
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Jul-26
Electric
3841
3808
3825
3827
3821
3817
3824
3812
3805
3814
3814
3828
3800
3827
3803
3830
3806
3802
3814
3795
3809
3807
3788
3807
3777
3775
3787
Water
3408
3379
3396
3403
3396
3390
3393
3389
3377
3384
3385
3390
3370
3395
3369
3402
3380
3377
3384
3376
3382
3382
3361
3370
3351
3351
3359
Sewer
3234
3207
3224
3229
3222
3217
3219
3216
3203
3208
3211
3215
3196
3220
3193
3224
3203
3202
3209
3200
3205
3208
3188
3198
3179
3180
3189
Broadband
1671
1677
1691
1712
1721
1745
1767
1777
1789
1798
1805
1812
1799
1748
1745
1766
1771
1776
1784
1798
1793
1785
1789
1802
1804
1793
1804
Electric
711
712
710
716
722
721
734
745
746
735
737
738
736
738
739
745
737
734
733
735
738
741
732
732
728
729
733
S.Com.
Water
Sewer
527
488
531
489
526
483
526
482
532
490
531
489
533
491
523
483
522
485
518
482
523
486
527
489
526
486
530
486
533
489
539
491
526
484
529
487
526
484
528
486
527
485
531
490
521
480
523
482
520
478
520
481
524
484
Broadband
222
223
227
228
227
226
229
231
235
233
239
237
237
235
235
235
236
237
239
241
240
241
242
244
245
246
245
Electric
49
49
50
50
50
50
50
50
50
51
51
51
49
50
51
50
50
50
50
49
50
50
53
52
52
52
52
Page 52
Lg/Com Ind.
Water
Sewer
46
43
45
42
46
43
47
44
47
44
46
44
46
44
46
44
46
44
46
43
46
44
46
44
45
43
46
44
46
44
46
44
45
42
45
44
44
43
45
44
46
44
46
44
48
46
47
45
47
45
47
45
47
45
Totals
Broadband
8
7
9
9
1
9
9
8
7
8
8
8
9
11
12
13
13
14
14
14
14
14
13
14
14
14
16
Electric
4601
4569
4585
4593
4593
4588
4608
4607
4601
4600
4602
4617
4585
4615
4593
4625
4593
4586
4597
4579
4597
4598
4573
4591
4557
4556
4572
Water
3981
3955
3968
3976
3975
3967
3972
3958
3945
3948
3954
3963
3941
3971
3948
3987
3951
3951
3954
3949
3955
3959
3930
3940
3918
3918
3930
Sewer
3765
3738
3750
3755
3756
3750
3754
3743
3732
3733
3741
3748
3725
3750
3726
3759
3729
3733
3736
3730
3734
3742
3714
3725
3702
3706
3718
Broadband
1901
1907
1927
1949
1949
1980
2005
2016
2031
2039
2052
2057
2045
1994
1992
2014
2020
2027
2037
2053
2047
2040
2044
2060
2063
2053
2065
Consumption Report
Report Generated
5/31/2026
August
UPDATED 8/5/2026
CLARKSVILLE CONNECTED UTILITIES
KWH HOURS SOLD & PURCHASED
MONTH
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
KWH
Sold
17,843,882
17,544,041
20,446,751
19,508,619
16,165,562
15,447,694
14,867,922
15,505,802
18,798,798
14,610,185
13,876,484
15,133,470
16,919,942
18,859,461
M/M
#REF!
-1.7%
14.2%
-4.8%
-20.7%
-4.6%
-3.9%
4.1%
17.5%
-28.7%
-5.3%
8.3%
10.6%
10.3%
WATER GALLONS SOLD & PUMPED
Y/Y
235,528,613
Aug-25
Sep-25
Oct-25
Nov-25
Dec-25
Jan-26
Feb-26
Mar-26
Apr-26
May-26
Jun-26
Jul-26
22,288,521
19,596,313
16,874,446
15,802,438
13,707,495
15,773,696
18,778,934
13,434,506
14,987,303
15,010,942
17,659,058
20,356,027
204,269,679
KWH
Purchased
17,763,587
19,634,434
21,089,070
21,480,949
18,441,113
17,069,977
15,202,841
16,881,659
19,486,856
16,391,556
15,802,399
16,083,196
17,177,174
20,954,983
M/M
#REF!
9.5%
6.9%
1.8%
-16.5%
-8.0%
-12.3%
9.9%
13.4%
-18.9%
-3.7%
1.7%
6.4%
18.0%
Y/Y
KWH
S/P
-0.5%
10.6%
3.0%
9.2%
12.3%
9.5%
2.2%
8.2%
3.5%
10.9%
12.2%
5.9%
1.5%
10.0%
253,459,791
24.1%
-13.7%
-16.1%
-6.8%
-15.3%
13.1%
16.0%
-39.8%
10.4%
0.2%
15.0%
13.2%
19.9%
10.5%
-21.2%
-23.5%
-17.9%
2.1%
20.8%
-15.4%
-25.4%
2.7%
21.4%
25.7%
23,747,342
22,583,488
18,672,585
17,372,375
15,373,677
16,893,006
18,888,357
15,561,739
17,047,025
16,646,928
17,186,953
21,116,523
WA Gallons Sold
161,671,479
152,491,789
195,069,192
176,253,097
159,847,403
175,927,697
160,363,200
154,495,533
163,809,332
144,608,372
152,619,486
151,260,817
150,959,969
168,120,473
M/M
#REF!
-6.0%
21.8%
-10.7%
-10.3%
9.1%
-9.7%
-3.8%
5.7%
-13.3%
5.2%
-0.9%
-0.2%
10.2%
Y/Y
184,791,000
205,744,000
213,221,000
196,126,000
213,262,000
192,909,000
199,152,000
216,881,000
183,134,000
178,484,000
177,315,000
177,969,000
190,661,000
210,493,000
2,267,497,839
11.8%
-5.2%
-20.9%
-7.5%
-13.0%
9.0%
10.6%
-21.4%
8.7%
-2.4%
3.1%
18.6%
221,089,998
System LOSSES
25.2%
13.1%
-12.9%
-23.7%
-20.0%
-1.0%
19.5%
-8.5%
-14.3%
1.5%
8.1%
23.8%
-14.6%
6.1%
13.2%
9.6%
9.0%
10.8%
6.6%
0.6%
13.7%
12.1%
9.8%
-2.7%
3.6%
195,539,876
186,264,940
171,283,074
171,812,319
154,593,343
160,855,276
191,751,214
148,578,721
156,654,947
154,239,022
167,261,748
171,950,569
2,030,785,049
7.6%
WA Gallons Pumped
M/M
10.2%
3.5%
-8.7%
8.0%
-10.6%
3.1%
8.2%
-18.4%
-2.6%
-0.7%
0.4%
6.7%
9.4%
Purch-Sold
-80,295
2,090,393
642,319
1,972,330
2,275,551
1,622,283
334,919
1,375,857
688,058
1,781,371
1,925,915
949,726
257,232
2,095,521
2,740,142,000
14.0%
-5.0%
-8.7%
0.3%
-11.1%
3.9%
16.1%
-29.1%
5.2%
-1.6%
7.8%
2.7%
17.3%
18.1%
-13.9%
-2.6%
-3.4%
-9.4%
16.4%
-4.0%
-4.6%
6.2%
8.8%
12.0%
215,977,000
197,795,000
213,188,000
186,062,000
199,450,000
204,570,000
188,417,000
192,391,000
179,351,000
186,053,000
195,320,000
210,405,000
-11.7%
2,368,979,000
11.7%
-9.2%
7.2%
-14.6%
6.7%
2.5%
-8.6%
2.1%
-7.3%
3.6%
4.7%
7.2%
System LOSSES
Page 53
Y/Y
4.7%
-7.8%
8.0%
-14.6%
3.3%
2.6%
-15.1%
4.8%
0.5%
4.7%
8.9%
9.4%
-15.7%
14.3%
1,458,821
2,987,175
1,798,139
1,569,937
1,666,182
1,119,310
109,423
2,127,233
2,059,723
1,635,986
-472,105
760,496
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- Agenda Watch · Aug 22, 2026
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- Aug 22, 2026 Filed on the Docket
- Aug 22, 2026 Full document archived — public record
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