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    16 V TABLE III SUMMARY OP OPERATIONS UNDER PRESENT RATES LAS VEGAS LAND AND.WATER COMPANY LAS VEGAS WATER UTILITY Fixed Capital at Present Day Cost 1951 1950 Estimated TOTAL OPERATING REVENUE $222,145 $242,200 OPERATING EXPENSES Operation and Maintenance Administrative and General Expenses 37,638 36,000 Las Vegas office 30,719 30,000 Rate case expense 6,336 3,000 Adequacy of water, Case No. 1207 2 ,6 6 6 - Management expense 9,508 9,500 Office rent 1,800 1,800 Pensions 587 - Subtotal - Administrative and General $ 51,616 $ 44,300 Depreciation 18,465 22,226 Joint Facility Rents Taxes 181,497 192,881 State, county and city 22,015 22,165 Federal, other than income 672 675 Total Operating Expenses $311,903 $318,247 NET AVAILABLE FOR RETURN $(89,758) $('76,047) RATE BASE $869,500 $978,200 Deficiencies in Gross Revenue Under Present Rates Return at 6ij$ $ 54,344 $ 61,137 Federal income tax 31,163 43,838 Operating Expenses 311,903 318,247 Total - Required Gross Revenue $397,410 $423,222 Gross Revenue (Present rates) $222,145 $242,200 Required Increase - Amount .$175,265 $181,022 Per Cent 78.90 74.74 ( ) Red figure