Electric Board Receives Excellent Audit

HUNTINGDON (September 26) — Another excellent financial report was provided by ATA accountants concerning the FY 2023-24 operations of the Carroll County Electric Department.

In a repeat of recent years, the audit firm found no adverse findings in the audit of the company, which had $44,475,000 in revenue and $43,624,809 in expenses, and a net income of $850,750.

Stephen Eldridge, a partner with ATA, presented the audit findings in electronic video format during the Board of Directors’ meeting on September 26.

He praised CCED Office Manager Kelly Fields for her excellent work in managing the finances of the electrical distributors.

Ryan Drewry, general manager, said it’s the culture of all employees to work together.

In other business, Drewry said the department is testing new communications radios that will use the Tennessee Advanced Communications Network. Two geographic areas, the Maple Creek area and Macedonia, proved to exhibit some weakness in communications with the test radios.

The Silicon Ranch solar project bids in Trezevant will be available for review during the October meeting. The Tennesssee-based solar company is building a large solar array in Trezevant and will connect with Carroll County Electric’s substation in Trezevant.

A new substation for the Leach Community is progressing with initial subsurface bore testing taking place. The substation is necessary to support the residential growth around Lake Halford.

Drewry notified board members that CCED is scheduled to purchase a new truck in 2025. Pricing will soon be available to bid the truck.