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Transcription
Table No. 2 RESULTS OP OPERATIONS UNDER PRESENT RATES LAS VEGAS LAND AND WATER COMPANY 1553 ““ Plan No. 1 - 8th Year of Operation Federal Income Tax 58$ 45% TOTAL OPERATING REVENUE $ 525,000 $ 525,000 OPERATING EXPENSES L.V.L.& W. Co. System Excluding license tax 244,242 254,520 License tax at .0075 of gross 2,425 2,425 B.- M. I. Supply System Maintenance Pipe Lines 2,476 2,476 Reservoirs 1,470 1,470 Structures 800 800 Pumps 2,560 2,560 Electric controls 800 800 Operation 2 men at $5,600 each 7,200 7,200 Cost of water 109,400 109,400 Cost of power 22,900 22,900 Administrative expense (covered in L.V.L. and W. expenses) - - Depreciation 25,200 25,200 Taxes ~ ad valorem 57,600 57,600 TOTAL OPERATING EXPENSES $ 457,071 $ 467,149 Net Available for Return ($154,071) ($144,149) Rate Base, L.V.L.& W.' System ($1,179,OOO) B.M.I. Supply ($5,152,000) $4,511,000 $4,511,000 COMPUTATION OP DEFICIENCY IN REVENUE Return at 6|$ Federal Income Tax License Tax Operating Expenses $ 269,458 165,159 6,720 .454,648 $ 269,458 220,449 ry pop 464,626 Total - Required Gross Operating Rev. Gross Operating Revenue $ 895,945 525,000 $ '961,755 525,000 Deficiency in Gross Revenue Per Cent Deficiency r 572,945 177.4$ 633 ^ V33 197.8$ ( )% Red figure
