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Digital Provenance
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Publisher
University of Nevada, Las Vegas. Libraries
Transcription
Summary of Results of Operation, Las Vegas Land and Water Company Estimated Year 1950 The attached summary table sets forth the pertinent figures as to the results of operation for the forecast year 1950. These results may be summarized as follows: With Federal Income Tax ~~WF' 45$ Gross Revenue $214,000 $214,000 Total Operating Expenses 229,315 239,393 Net Available for Return (| 15,315)* ($ 25,393f Rate Base (depreciated) Revenue Deficiency to Yield 6-1/4$ $859,000 $859,000 Gross Revenue $102,545 $123,B37 Per cent increase required 47® 9$ 57 ® 9$ Thus the forecast of earnings for the year 1950 indicate the need of a substantial increase in water rates. The revenue estimate is based upon the past rate of growth and a forecast for the future0 Operating expenses were similarly treated based upon an analysis of past operations. Depreciation expense is included at the rates charged on the books (averages about 1.54%)® The incurred costs of the wholesale water company (LA&SLRRCo.), with a return, make up the item "wholesale water” cost. ( )* Red figure
