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Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries
Transcription
9 in installing the service connection is not capitalized but is treated as an operating expense. A. change at this time, i. e. for the rate ease, would not be advantageous to the Company unless the 4809 service connections now in service were capitalized and included in the rate base. The other Important items in this revenue classification represent penalties in the amount of $1044.88 for failure to pay water bills on time. Operating Expenses* Only limited discussion will be given at this time. The most important item is of course the purchase price of water. Some of the more important points may be set down as follows* Cost of Water to LVh&afCo«: The summary results of operation as set forth on page 8 reflects important changes in the billings as now rendered. Such changes includes 1 - Use of a depreciated capital base* 2 * Reduction in the annual depreciation percentage from 4$ to approximately 1.3$ on the Original Cost and 1* ¥ on the reproduction cost. 3 - The elimination of the ad valorem tax charge at the $1.75 rate on the ^Investment in the properties and the substitution therefor of a proportionate part of the tax paid on the land to the city. 4 - The inclusion of a federal income tax, conforming to a 6.0 and 6-3/•,4, $. rate Io Hf return.
