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REVENUE RECOGNITION (Tables) | 12 Months Ended
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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 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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