[Para. 7-b-4] A planned construction project is expected to cost $975,000. The construction will be partially completed in-house by water utility employees (estimated cost of $240,000), and the water utility signed a contract with an outside construction company for the remaining $735,000.

12. [Para. 7-b-12] Collection efforts were discontinued on bills amounting to $5,800 and the receivables were written off.

15. The Uncollectible Accounts (bad debts) expense for the year is $2,000 at year-end.