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Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries
Transcription
ill Installing the service connection ia net capitalised but la treated u an operating expense. A change at this tlna, 1, a* for tbs rata ease, would not ba advantageous to the Company unlaaa the 4809 service con- naationa now in servles ware capitalised and included in the rata base. Tim other important items in this revenue elaeelf lection represent penalties in the amount of $1044.86 for failure to pay water bills on tine. Operating Expensest Only United dlaouaaion will ba given at this tine* The neat inportant item la of course the purehasa price of water, dona of the nore Inportant points nay be aat down as follows* Coat of water to LVLMFCo. .» The summary results of operation aa aat forth on page 8 reflects important changes in the billings ae now rendered. Such changes Include t 1 - Bee of a depredated capital baee. 8 - Reduction in the annual depreciation percentage from 0 bo approximately l.qf on the Original Cost and l,qf on the reproduction oust* 6 - The elimination of the ad valorem tax charge at the $l.7& rate on the "investment in the properties and the substitution therefor of a proportionate part of the tax paid on the land to the city. IjSB 4 - The Indus ion of a federal Income tax, conforming to a 0,0 and 6-5/4^ rate of return.
