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Transcription
SUMMARY OP OPERATIONS UNDER PRESENT RATES LAS VEGAS LAND AND WATER COMPANY LAS VEGAS WATER UTILITY. (METERED BUT WITH SAME GROSS REVENUE) . 1950 With Federal Income Tax 38$ TS5T Total Operating Revenues (estimated) I 214,000 $ 214,000 Operating Expenses - For unmetered system 229,215 259,295 Increase due to meters - Commercial expense 1 0 ,2 0 0 1 0 ,2 0 0 Maintenance 2,400 2,400 Operation Reduction in wholesale water cost - 1 ,0 0 0 1 ,0 0 0 (Assume 95$ to water utility) - 5,816 - 4,125 Increase in depreciation expense 7,125 7,125 M w ad valorem taxes 5,750 5,750 TOTAL'OPERATING EXPENSES | # 249,874 # 259,645 NET AVAILABLE FOR RETURN ($55,874) ($45,645) RATE BASE }i ,109,000 $ 1 ,109,000 ( ) Red figure COMPUTATION OP DEFICIENCY IN REVENUE With Federal Income Tax 6|% Return $ 158% 69,515 : 45% $ 69,515 License Tax 2,721 2,902 Federal Income Tax 42,482 56,711 Operating Expenses 248,269 258,058 Total-Required Gross Operating f 562,785 f '586,964 Gross Revenue - present rates 214,000 214,000 Deficiency in Gross Revenue - $ 148,785 $ 172,964 Per Cent 69.5% 80.8%
