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ESTIMATED TOTAL WATER COSTS 1954 to 1990 Operating Expense Distribution Year Total Cost o f Lake M e ad W ater Delivered to Las V e gas Production and Transmission Expense (Well Water) Expense (Well Water and Lake M e ad Water) Total 1954*........................... ........................... 0 $ 55,500 $ 74,000 $129,500 1955 ........................... ........................... $ 68,330 87,750 136,600 292,680 1956 ........................... .................. . 78,980 87,750 142,400 309,130 1957 ...................................................— 88,340 87,750 147,400 323,490 1958 ....................... . .................. ......... 98,250 87,750 152,600 338,600 1959 ........................... ........................... 107,550 87,750 157,600 352,900 1960 ........................... ........................... 116,290 87,750 163,600 367,640 1961 ........................... ........................... 124,490 87,750 168,000 380,240 1962 ........................... ........................... 133,860 87,750 173,000 394,610 1963 ....................................................... 142,220 87,750 177,400 407,370 1964 ..................... ................................. 151,870 87,750 182,400 422,020 1965 ........................... ........................... 159,890 87,750 186,800 434,440 1966 ........................... ........................... 169,870 87,750 192,000 449,620 1967 ........................... ........................... 178,880 87,750 196,400 463,030 1968 ........................... ........................... 176,470 87,750 201,400 465,620 1969 ........................... ........................... 180,300 87,750 206,000 474,050 1970 ........................... ..:........................ 190,860 87,750 2 1 1 , 0 0 0 489,610 1971 ........................... ........................... 197,300 87,750 214,000 499,050 1972 ............................ ........................... 202,970 87,750 216,800 507,520 1973 ........................... ........................... 204,050 89,850 219,800 513,700 1974 ........................... ........................... 204,050 91,950 222,600 518,600 1975 ........................... ........................... 204,050 94,200 225,600 523,850 1976 ........................... ........................... 204,050 96,300 228,400 528,750 1977 ........................... ........................... 204,050 98,550 231,400 534,000 1978 ........................... ........................... 204,050 101,250 235,000 540,300 1979 ........................... ........................... 204,050 103,500 238,000 545,550 1980 ........................... ........................... 204,050 105,600 240,800 550,450 1981 ........................... ........................... 204,050 107,850 243,800 555,700 1982 ...................... ..... ........................... 204,050 1 1 0 , 1 0 0 246,800 560,950 1983 ....................................................... 204,050 1 1 2 , 2 0 0 249,600 565,850 1984 ....................................................... 204,050 114,450 252,600 571,100 1985 ....................................................... 204,050 116,700 255,600 576,350 1986 ............................ ........................... 204,050 118,800 258,400 581,250 1987 ............................ ........................... 204,050 121,050 261,400 586,500 1988 ............................ ........................... 204,050 123,150 264,200 591,400 1989 ....................... . ............... 1........... 204,050 125,400 267,200 596,650 1990 ........................... M ....................... 204,050 127,500 270,000 601,550 * It is assumed that the Water District will acquire title to the existing system on May 1, 1954. Therefore, the 1954 cost data are for an eight-month period. 19 ESTIM ATED REVENUES The present w ater bills of the Las Vegas Land and W ater Company are figured on a monthly flat-rate basis. To date the w ater system has not been m etered because of a State law prohibiting the Company from employing meters as a basis for w ater charges. The Company has some 50 separate rate divisions, and the 1953 w ater bills varied from $0.90 per month to $339.90 per month. In various cases a num ber of individual services are billed jointly under one account number. T here were 6,236 accounts in July, 1953, representing 11,632 actual services. The usual bill for a single dwelling unit (3,706 of the 6,236 bills) was $2.70 per month. The operations of the Las Vegas Land and W ater Company, as set forth in the annual reports filed w ith the Public Service Commission of Nevada, are summarized as follows: Year W ater Sales Total Operating Income Maintenance and Operating Expenses Depreciation Local Taxes Joint Facility Rents* Total Expenses# Net Income 1943 $117,688 $121,685 $ 48,372 $ 3,157 $ 9,450 $ 47,580 $108,559 $13,127 1944 133,184 134,802 69,299 3,403 12,940 54,192 139,834 5,032 Loss 1945 144,341 145,694 131,065 4,688 13,500 66,819 216,072 70,378 Loss 1946 159,355 162,188 35,787 6,897 16,250 73,908 132,843 29,345 1947 175,574 179,038 42,214 4,162 19,431 114,069 179,876 838 Loss 1948 188,750 191,130 44,347 5,290 19,421 102,336 171,394 19,736 1949 199,133 202,390 51,023 6,867 21,040 105,764 184,694 17,696 1950 216,624 222,145 89,254 9,721 22,687 142,838 264,500 42,355 Loss 1951 253,046 259,798 109,883 11,431 23,238 158,580 303,132 43,333 Loss 1952 315,148 322,267 104,306 12,977 25,905 158,580 301,769 20,498 * Represent charges by the Union Pacific Railroad for water production. jf Before federal income taxes. The 1953 report has not yet been filed. A preliminary income statem ent is as follows : Total O perating Income.............................................................. $410,478 M aintenance and O perating Expenses.... ............................... $215,520 Joint Facility R ents......................... ——.............—-..................... 92,505 Local Taxe’l ...................30,451 Total Expenses .............................................-............-................. $338,476 N et Income .................................................................................. $ 72,002 The sharp drop in “Joint Facility R ents” is due to the fact th at the Railroad transferred the well field to the Company during the year. The transfer also increased maintenance and operating expenses. The Company has been charging quite low rates for the use of water, as may be seen from the typical $2.70 m onthly flat rate for a city dwelling with one bathroom, with no restrictions on the quantity of w ater consumed. A rate increase application has been pending since the time of the negotiations for purchase of the system by the District. U ntil late 1953 the Company purchased its w ater from the Union Pacific Railroad, which owned the well field, and the charges for water, shown above under the heading “Joint Facility Rents,” is one of the m ajor factors responsible for the low profits and occasional losses. LAS VEGAS LAND AND W ATER COMPANY Num ber of A ve rage Revenue y ear Consumers per Customer 1939— L ................... .................. ........................................... 2,148 $26.00 1940 ............................................. 2,293 26.00 1941.- . - - I I I - ”.-...:......................-----...... ....... <.......—— 2,467 26.00 1942* .......... .................. ' ........................ 3,855 24.10 1943 ..............................................— ......... ........................... 4,989 24.20 1944 ............................................ .......l l g f o l . 5,297 25.50 1946 5,964 26.80 1947”’”””””-.".......................-..... ........L ^ -.....--.,-,...... 6,546 27.40 194g............................... 7,353 26.00 20