upr000064 35

For use of water pipe lines and other facilities from Las Vegas, Big Springs, and other sources for distribution of water to City of Las Vegas, Nevs^a, under terms of contract our Audit No. 74531, effective January 1. 1950. Valuation of facilities for the year ending December 31, 1951, based on valuation as of December 31, 1950. Operation and Maintenance Pay roll labor Material Electric current Telephone Supervision - Various Dept. (Calif. Div.) Vacation allowance 3% on $29,049.64 Railroad Retirement and Unemployment Tax - 6% on 29,921.13 Estimated liability for injury and property damage Use of tools - 2% on 23,945.47 Purchasing and store house expenses, handling, transportation to point of use, etc. - 15% on 2,004.60 Management Expenses - UPRR Co. Vacation allowance - 3% on 2,816.81 Railroad Retirement and Unemployment Tax - 6% on 2,901.31 Depreciation Taxes - Property Provision for Federal Income Tax per Section 5 (0) of contract 1/ Interest at 6 1/4% ($748,863 base) 23 945.47 4 242.11 10 350.21 85.08 5 104.17 871.49 1 795.27 50.00 478.90 300.69 2 816.81 84.50 174.08 14,022.00 860.00 UPRR Co. LVL&W Co. 86,625,643 gals. 2.43% 3,472,022.143 n 97.57% 3,558,647,786 n 100.00% 34,409.74 46 803.94 $146 395.46 L.V.L. & W. Co. Prop, year 1951 142 838.05 Original Cost Basis As of Dec. 31, As of Dec. 31, 1949 1950 l/Net year-end capital Land Original Cost 75 900 779 254 855 154 75 900 787 412 863 312 Less reserve requirement Net year-end capital 108 359 746 795 122 381 740 93l Average Net Capital As of December 31, 1949 As of December 31, 1950 Working Cash Material and supplies + 2 746 795 740 931 1 487 726 743 863 2 000 3 000 Total Depreciated rate base 748 863