Cheney Light revenue and expenses grow while rising power costs shrink annual net income
The Cheney City Council wrapped up its hearings on the 2013 budget with Nov. 13 presentations from officials in the Light, Public Works and Administration departments.
Light Department revenue and expenses will grow by 4.83 percent to $8,061,300 in 2013. Much of the revenue – just over $7.31 million, up 2.2 percent from 2012 – comes from charges for service, with the increase reflecting growth in the residential sector, Light director Joe Noland said.
Forty-two percent, $3.392 million, stems from residential use, with Eastern Washington University next at 22 percent, $1.75 million. Commercial...
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