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Transcription
» Brought Forward I 438,147 f credit in the amount of total estimated monies col* leeted. I told him that I did sot see how the District could claim this credit since the #5*00 charge for in* stallatlon of a service represented money actually spent by the Company and had no bearing on what the District would hare to pay for the water system* As a matter of fact the #5*00 charge is merely a token charge since the cost of making a service connection today is | to 4 times greater* Total Credit Claimed Grand Total less Credits claimed by District Mr. Montgomery is preparing a statement showing his arguments and reasons for suggesting each of the above changes but wishes to con* suit with the District officials before releasing it. I have therefor confined my remarks to explaining the underlying detail of recommended changes and giving my interpretation of his position* Attached please find two copies of 3-page statement dated June 18, 1952 on which I have summarized, under date of July 14* 1952, the change in Depreciated Value resulting from changes as suggested by Hr* Montgomery* It is my opinion that all of the exclusions suggested in Fart XI are improper from the standpoint of a true Reproduction estimate* ?2,014.324 L. R. Maag *1**
