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Mr. Jenkins, starting at one day peij week, and tapering off to perhaps one day per month for preventive maintenance.
They agreed that he should starts by replacing the electrical switched' at the homeowners’ pumps with me*chanical mercury switches. The electrical switches have frequently^ failed, and when they do, the result^ often is a burned up pump, member: Charles K. “Pete” Estes, said.
Secretary Jimmy Swindler showed the members a schedule he had worked out that indicates that if the authority can set aside $7,500 per year, with interest it will grow to $292,000 at the end of 15 years and $452,000 at the end of 20 years.
President Gene Leggett pointed out that his only presents half of the picture, since it doesn’t show any money going out to replace major1 equipment during that time. v
He said the authority needs to develop a depreciation schedule for each major piece of equipment at the plant.
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