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Transcription
Comparison Between Results Determined By Commission and Those Determined by Use of Correct Operating Expenses, Rates Bases Reflecting Fall Capital Base for 1951 and Rate of Return of 6$ 1951 .____Capital Base________ Commission Decision Average of As Rendered As Corrected for Income tax error Original Cost Investment and Original Cost Operating Revenue Estimated under former rates Added revenue estimated by Commission (Ex.B) $2^2,200 25.112 $2U2,UOO (Ex.Q) 25,112 $2U2,k)0 (Ex.Q) 25,112 Total Operating Revenue under Prescribed Rates $267,312 |26L^12 $267,512 Operating Expenses Operation and Maintenance Administrative and General Expenses Depreciation Joint Facility Rents Taxes - State, County and City Federal, other than income $ 36,000 42,900 12,078 105,063 22,000 700 $ Ul,200 (Ex.Q) 52,3^0 (Ex.Q) 17,369 (Ex.Q) 138,165 ** 22,165 (Ex.Q) 675 (Ex.Q) $ Ul,200 52,3^0 lU,810 * ** 13U,191 ** 22,165 _____615 Total Operating Expenses $218,7^1 $271.9lU $265,Uso Net Before Federal Income Tax Us, 571 U8,57l (U.U02) Deficit 2,032 Federal Income Tax . .11, **36 .17,329 508 ifet Return $ 37,135 $31,2U2 - $ 1,52k Rate of Return 6.0$ 5-1$ .002 * Average between $12,252 on investment basis and $17,369 on original cost basis shown in Exhibit Q. ** Computation shown on next page. Schedule V p. 1
