REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2024

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:

(in thousands)	Three months ended March 31, 2024		Three months ended March 31, 2023
Tariff Revenue
Consumption charges	$	12,311	$	10,447
Fixed fees		9,320		8,038
Service charges		201		180
DSIC		—		1,178
Metered wastewater services		139		106
Industrial wastewater services		398		446
Total Tariff Revenue	$	22,369	$	20,395
Non-Tariff Revenue
Service line protection plans	$	1,431	$	1,363
Contract operations		267		244
Design and installation		54		105
Inspection fees		76		78
Total Non-Tariff Revenue	$	1,828	$	1,790
Other Operating Revenue	$	347	$	310
Total Operating Revenue	$	24,544	$	22,495

Contract Assets and Contract Liabilities

Our contract assets and liabilities consist of the following:

(in thousands)	March 31, 2024		December 31, 2023
Contract Assets – Tariff	$	2,792	$	3,043
Deferred Revenue
Deferred Revenue – Tariff	$	1,571	$	1,300
Deferred Revenue – Non-Tariff		798		539
Total Deferred Revenue	$	2,369	$	1,839