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50 WINNETKA I TALK June 25, 1927 Real Estate Loans If you have a mortgage coming due, or if you are planning to build this year, we will be glad to have you bring your problems to us, perhaps" we can offer helpful suggestions. Our experience of many years in this field is at your disposal. Telephone University 51 or Briargate 5000 STAT E BANK and TRUST COMPANY Real Estate Loan Department Orrington at Davis, Evanston A Wondexful | s@ eo rans ay | ISLANDS \ MEALS &BERTH 5 peel " INCLUDED 8 VISITING 1) 1] OMETHING DIFFERENT from the ordinary vaca- | tion. A combination of rest, recreation and sight see- Mackinae ing. A delightful trip of over 2200 miles visiting new points Detroit of interest and enjoying new thrills and experiences. rian The Great Oil-Burning White Liners fal North American and South American | in comforts and luxury are comparable to the finest; Atlantic Steamers. Staterooms and Parlor Rooms are; all outside rooms with windows or port holes for perfect ventilation. Beds comfortable and restful. Excellent] meals by expert chefs--daintily served by waitresses. For those who enjoy Gaiety there are Deck Games, Entertainments, Music and Dancing -- with a social] . hostess to look after the enjoyment of guests. | | Sailings from Chicago every Tues. and Sal., June 25th to August 30th, incl. R. R. Tickets between Chicago, Detroit, Cleveland and Buffalo will be honored for transit upon additional payment. Apply for for liuserated Pamphlet ay Rallway W. H. BLACK, G. P. A. Chicago, Duluth & Sey tian Bay Transly Co. 110 W. Adams St., Phone Ran. 0226 Village Manager's Annual Report a Editor's note: installment of Following is the fifth Village Manager H. L. Woolhiser"s annual report made to the Village council recently. The report is a comprehensive survey of every phase of municipal administration of the vil- lage during the past fiscal year and should be of vital interest to every tax- payer and voter in Winnetka. It affords an insight into the great responsibility which lies with our municipal servants, a responsibility far greater than the casual observer can ever comprehend. Other installments of the reports will follow from week to week until the en- tire survey is in the hands of the readers TALK. ELECTRIC DEPARTMENT of WINNETTKA It is believed that the needs of the Council will be served best by a few concise statements summarizing the outstanding facts relative to the elec- tric department. 1. Consumption of for all purposes increased 11% over the previous year. Consumption for lighting increased 15% and for power 29%. 2. The gross revenue was $290,198, an increase of 17% over the previous year. 3. Operating 215, an increase ious vear. 4. Operating electric current expenses were $106,- of 15% over the prev- surplus for the year, after deducting depreciation of $18,185 and the 8% dividend to the General Fund of $35,542 was $130,256, an in- crease of 25% over the previous year. 5. During the year, $100,389 of the foregoing surplus was spent for im- provements and replacements, covering the following principal items: Fan house for new boiler ......$ 3,288 Installation of new 500 H. P. Boiler (not complete) ........ 3,304 Completion of 2,000 K. W. Turbo Generator... x3 wid dived. Distribution System ............ LT x REL TO VHS EN CORE Office Equipment for new billing system (portion) i ..v vod dv. 3,824 6. The present surplus in the Electric Fund, subject to auditor's adjustments, is $42,121, and in the Electric Deprecia- tion Fund $58,064, making a total sur- plus in the electric department of $100,- 185, as compared with $87,132 a year ago. 7. The average coal consumption per kilowatt hour for the year was 3.58 pounds, as compared with 3.48 pounds last year, this 3% increase being due to the necessity of operating the new 2,000 kilowatt turbine at reduced steam pressure until the installation of the 500 H. P. boiler, now in progress. 8. The coal consumption for the year was 7,917 tons, an increase of 15% over the previous year, with an increase in plant generation of 13%. 9. The total plant generation for the vear was 4,414,615 kilowatt hours. 10. The ton for the with $4.13 average price of coal per vear was $4.66, as compared the previous year. 11. The average cost per kilowatt hour sold, including depreciation was 3.13¢c as compared with 3.07¢ the prev- ious year, this small increase being due partially to the increased price of coal and partially to the slightly higher unit fuel consumption explained above. 12. The distribution loss was 13% of current distributed, which is considered to be a low figure in public utility opera- tion. 13. The total number of electric me- ters in service -an increase 10%. 14. The on April 1, 1927 was 3,112, of 278 meters for the year, or operating ratio for the elec- tric utility (i. e. ratio of operating ex- penses to gross revenue) for the past vear was 46.5%, including an allowance of $29,000 for general property and other taxes which would have been paid by a private utility. Operating ratios as high as 70% are not unusual for elec- tric utilities. Gives Operating Statement The Council may be interested in the following theoretical operating statement, based on the foregoing figures, assuming that our electric utility were privately owned and capitalized at $1,200,000, with $800.000 in 5% bonds and $400,000 in % .preferred stock: Gross Revenue i... civ uw. cri i $290,198 Operating Expense ............ 106,215 Net Revenue .... ev. vi.. $183,983 Depreciation ...J¢ss.00.. 8,185 $165, 798 (Continued on page 52) AT ALL FOUR JHOPS " 5 JHOES FOR ; WOMEN ® ® Alfred HOTEL THE COUNTRY CLUB ONE OF RUBY NEW PLA-MOR SPORT $1450 THE PAIR eee Ca recL ST 1363 EAST 53ST EDGEWATER_BEACH ® SMART, TRIM, AND COMFORTABLE RUBY ® ORRINGTON HOTEL, EVANSTON ---- vo h4 ES»