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General Information

What does our infrastructure cost?

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ns_genThe Water Department has a sizable amount of infrastructure, most of which is buried and/or out of sight. The major components of the system include:

Water mains - The system contains approximately 50 miles of water mains ranging in size from 6 to 12 inches in diameter. Replacement cost for these mains is approximately one million dollars per mile. We expect 24 miles of mains will need to be replaced by 2050.

Storage tanks - We have two, ground level concrete storage tanks. Each tank holds a half million gallons of water with a replacement cost of approximately one dollar per gallon. The larger the tank is the less it costs per gallon to construct but one dollar per gallon is considered a good budgetary number. One storage tank was built in 1949 and rehabilitated in 1972. The other tank was built in 1972. The older tank will likely need to be replaced by 2050. An additional tank may be required in the southern part of town depending on development patterns.

Last Updated on Wednesday, 11 May 2011 08:48

What is free cash?

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Free Cash, also known as Retained Earnings, is the amount of money certified by the Massachusetts Department of Revenue (DOR) that is available in a given fiscal year for appropriation.  The Water Department has a free cash account because it operates as an enterprise and it is funded solely through water rates and fees.  Free cash is calculated by totaling all of the Department's funds, subtracting funds that are already allocated for other purposes such as existing warrant articles and subtracting liabilities such as short term debt obligations.

Last Updated on Friday, 06 May 2011 08:32

Overview of the Water Department Budget

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The Water Department's operating budget is designed to cover the day to day operations of the department.  It contains funds to pump, treat, test and distribute a certain volume of water based on anticipated expenses.  The operating budget has the following sections:

Last Updated on Wednesday, 11 May 2011 08:52

Enterprise Accounting

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At the Annual Town Meeting held in May 1989, it was voted the Topsfield Water Department move to an ENTERPRISE FUND system of accounting. This legislation, from Chapter 44 Section 53F1/2 of the Massachusetts General Laws, allows the Water Department to operate in a capacity resembling a stand-alone business. The Water Department began operating under Enterprise on July 1, 1990.

Under Enterprise, all revenue and expenses related to the Water Department are accounted for separately from other town business, and are not considered part of the General Town Fund. This has several advantages:

Last Updated on Thursday, 05 May 2011 13:26


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279 Boston Street 279 Boston Street 8 Haverhill Road
Topsfield, MA 01983 Topsfield, MA 01983 Topsfield, MA 01983
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(978) 887-1543 (f) (978) 887-1543 (f)