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01/30/2003 ~ The Utility Board approved Keys Energy Services’ (KEYS) Annual Audit for the fiscal year ended September 20, 2003.

The Utility Board was presented with a “clean opinion” by auditors Oropeza & Parks, P.A.. Denise Rohrer, representing the firm, stated that the utility’s finances were strong. “Your system of internal controls is very sound,” Rohrer also stated.

According to procedure, the Board has its financial statements audited by an accountant, at least once a year, within 180 days after the close of the fiscal year. Copies of the audited financial statements will be available to customers upon request.

The Board also approved an agreement with TransWorld Network Corporation (TWN) that will enable KEYS to provide long distance telephone service to its customers.

KEYS New Technology/Economic Development Committee recommended that a strategic alliance with TWN could provide long distance service to residential and small-medium business customers including direct dial service, toll-free service, and calling cards. The product will be branded with KEYS name and logo.

The Committee’s recommendation was preceded by a pilot program among 13 willing employees in order to review TWN’s customer service. All participating employees provided favorable reports of their service from TWN.

In other business, the Board:

- Appointed Charles A. Bradford as the District One representative of the Advisory Committee.

- Approved the hiring of one temporary employee to assist Information Services throughout the computer conversion implementation.

- Approved the re-blading and coating of Combustion Turbine #1 to General Electric Preco, and approved the budget amendment for same.

- Awarded the bid for the purchase of Pole- and Padmount Transformers to Gresco/Capstone, Wesco Distribution, Inc., and Utilicor due to their bids being the lowest bids complying with specifications. The total cost of the project, excluding taxes, will be $165,190.

The regular meeting of the Utility Board took place at 5:00 p.m., January 28th, in the Louis Carbonell Board Room of the William Arnold Service Building, 1001 James Street, Key West.

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