upr000069 74

Mr, R . M« S u t t o n : (2 ) R e p o r t Ho« 7 Mr* M e G a ff e r t y an d I a r e c o n t i n u i n g t h e p r o g r e s s on c u r r e n t w o rk l e a d i n g up t o d e t e r m in in g t h e f i n a l s a l e p r i c e f o r t h e w a t e r p r o p e r t i e s . We a r e p r e s e n t l y r e v i e w i n g t h e I n v e n t o r y o f m a t e r i a l and s u p p l i e s a s o f J u n e 30* 195& * w i t h t h e q u a n t i t i e s an d p r i c e s shown on t h e i n v e n t o r y a s o f April 3 0 , 19 5 * S When t h i s w o rk i s c o m p le te d we w i l l c h e c k t h e i n v e n t o r y q u a n t i t i e s and p r i c e s w i t h t h e s t o c k book t o insure t h e r e a r e no o m i s s io n s . We e x p e c t t o c o m p le te t h i s w ork i n t h e n e x t fe w d a y s . The o r i g i n a l I n v e n t o r y s h e e t s a r e i n t h e p o s s e s s i o n o f Mr, D o ty i n L os A n g e l e s , H o w ev er, w e a r e in fo r m e d t h a t h e w i l l fo r w a r d t h e o r i g i n a l s h e e t s t o u s and we w i l l p r o g r e s s them t o c o n c l u s i o n and f o r w a r d th em , i n d u e c o u r s e , t o Mr* P e a r t , We w i l l a l s o p r i c e and e x te n d t h e I n v e n t o r y o f t h e sh o p eq u ip m en t and hand t o o l s t h a t w e re n o t I n c lu d e d i n t h e b a s i c p u r c h a s e p r i c e . When t h i s i s d o n e Mr, M&ag w i l l h a n d le t h e s a l e o f a l l , o r c e r t a i n it e m s o f th em , w i t h M e s s r s , Renahaw an d R e in h a r d t t o c o n c l u s i o n . The r e s u l t s o f t h i s s a l e w i l l b e c o v e r e d b y a p p r o p r i a t e b i l l s c o l l e c t i b l e w h ic h we w i l l p r e p a r e and s e n d t o M r, P e a r t f o r i n c l u s i o n i n J u n e , 195^ * a c c o u n t s . I n a d d i t i o n t o t h e f o r e g o i n g , t h e r e a r e a c c o u n t in g q u e s t i o n s a r i s i n g all t h e tim e fro m Mr, P e a r t and o t h e r s , that a f f e c t t h e s a l e p r i c e o r t h e c l o s i n g o f t h e c u r r e n t a c c o u n t s , and s i n c e M r, Maag h as no f o r c e , we r e s o l v e t h e a c c o u n t in g q u e s t io n s f o r h im . An exam p le o f t h e f o r e g o i n g was t h e a p p a r e n t d i f f e r e n c e o f some 113 0 0 ,0 0 b e tw e e n t h e b a l a n c e f o r a d v a n c e c o l l e c t i o n s f o r w a t e r s e r v i c e c o n n e c t io n s a s o f May 3 1* 195**# and t h e b a la n c e as o f J u n e 3 0 , 195^# w h ic h w as b r o u g h t t o a t t e n t i o n b y M r, P e a r t , We r e c o n c i l e d t h i s d i f f e r e n c e f o r M r, P e a r t , b u t s i n c e t h e r e w e re some 800 ite m s i n v o l v e d , i t t o o k b o t h o f u s a b o u t a w h o le d a y t o c h e c k t h i s o u t* As information, Mr, Davis just informed ua that the rates presently charged for water service connections will be sharply increased at once, as shown below: S i z e o f C o n n e c tio n 3 A h Present Charge Future Charge Per Connection Per Connection I 5.00 20.00 30 .0 0 30.00 I 55.00 6 5 .00 90.00 100.00