upr000278 172

Salaries (Acct. arise from these law expenses that are incurred in Lae Vegas and these outside for the account of the Water Utility. The local legal work relates essentially to such items as matters before city and county authorities and drawing up contracts for main extensions with real estate subdividers. Direct charges are made to the water system when possible. Of the total amount of such local expense jointly incurred by all Las Vegas activities of L.V.L. and W. Co.* 60$ Is charged to the Water Utility. Legal expense arising for services performed by the management oompany cover general corporate work* Ineluding the draw­ing up and review of outside contracts. Legal expense thus assigned for the year are: A- Arising at Las Vegas $3 ,2 7 0 3- Outside of Las Vegas l.iOQ Total f P W These charges represent approximately 2.$% of the total expenses, exclusive of income taxes. ffi ,28 - Other Miscellaneous General Expenses Some of the miscellaneous expenses Included In this account are on a prorated basis, while others, such as water con­servation advertising, are directly charged to water utility operation. 732. -? Retirement Expense Retirement expense is the computed annual depreciation expense. It is calculated on a straight-line basis against the investment cost of depreciable property used in providing water service, excluding any amortised facilities. 735.2 - Pensions These are the direct payments to retired employees coming under pension benefits. At present only one person is on the pension roll of Las Vegas Land and Water Company. These