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Sheet 1 of % Review of rough draft of Report on the Results of Operation of the Water System at Lae Vegas re­ceived with Mr, Bennett*s letter of June 26, 1950. Page 7. Investment In Plant for the year 19^9, $707,603.98, shown In tabulation at top of mage 7 should be ‘707,299.61, as shown in Balance Sheet, page ik and in Table "A11 of the appendix. Mote 1 - M.Jght add: "(Balance sheet for the year 19^9 is shown on page 14)11 Note 2 - Might be amplified to show the account numbers comprising the expense as: "Comprises amounts in Account Nos. 'K)2, and 2*12 as shown on sheet 15, for year ending December 31> 19^9". w Page 8. Total 4" cast iron pipe shown as 56,5^3 ft. should be ""oil-, 9^-8 ft, to Include the 8^00 ft. talien over from Marlin Water Co. and 14th St. Water Co. Total all sizes, 317,900 ft. should be 326,300 ft., which will agree with the total lengths of pipe shown In detail of Accounts 320 and 321 in Table "A" of Appendix (when revised as commented upon later). Page l6a. Last two lines "Income Taxes" should, I believe, be changed to "Federal Income Taxes" and wherever this tern appears else- where in the report it should likewise be changed. Pagre 27. Cost of wholesale water. (Investment cost basis). The adjustments for year 19^9 as shown at top of page 27 develop an increase of $13,136 over amounts billed under con­tract, approximate allocation of which follows: 1, Amount billed is based on 19^8 expenses and percent­age of water used. The adjusted oost Is based on expenses and percentage of use for the year 19^9 / suiting in an increase of / $ 5,^22 2 2. Adjusted coot includes administrative expenses not heretofore included in expense of operation result- y ing in an Increase of / 7,923