Keystone Alliance Consulting was hired by the Warwick Township Water and Sewer Authority to conduct an asset and income based valuation of the Stover Mill/Hartsville Area system, which was owned and operated by a neighboring municipal authority. The study was intended to provide a framework for ongoing negotiations involving the transfer of operation and ownership.

Keystone performed the following services in connection with the valuation study:

• Visited the above ground facilities of the sewer system to assess the general condition of those facilities and to verify the remaining useful life.
• Prepared a water and sewer system inventory for all components.
• Reviewed operating, financial and customer data, whenever possible.
• Developed a cash flow analysis for the water and sewer system under different rate assumptions.
• Developed estimated costs to upgrade the above ground facilities.
• Compared the impact for the existing system customers between Warminster and the Authority rates.