REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2023

REVENUE RECOGNITION [Abstract]

Disaggregation of Revenues

The following table shows the Company’s revenues disaggregated by service type; all revenues are generated within a similar geographical location:

	For the Year Ended December 31,
(in thousands)	2023		2022		2021
Tariff Revenue
Consumption charges	$	49,051	$	47,809	$	47,924
Fixed fees		33,074		31,431		27,977
Service charges		682		597		579
DSIC		4,727		5,085		5,093
Metered wastewater services		602		649		—
Industrial wastewater services		1,851		1,853		675
Total Tariff Revenue	$	89,987	$	87,424	$	82,248

Non-Tariff Revenue
Service line protection plans	$	5,632	$	5,020	$	4,594
Contract operations		1,046		931		884
Design and installation		181		3,315		562
Inspection fees		424		326		341
Total Non-Tariff Revenue	$	7,283	$	9,592	$	6,381
Other Operating Revenue	$	1,591	$	1,881	$	2,230
Total Operating Revenue	$	98,861	$	98,897	$	90,859

Contract Assets and Contract Liabilities

Our contract assets and liabilities consist of the following:

(in thousands)	December 31, 2023		December 31, 2022		December 31, 2021
Contract Assets – Tariff	$	3,043	$	2,618	$	2,144
Deferred Revenue
Deferred Revenue – Tariff	$	1,300	$	1,231	$	1,227
Deferred Revenue – Non-Tariff		539		438		287
Total Deferred Revenue	$	1,839	$	1,669	$	1,514