upr000064 215

T. *2* .2 reliable records have made possible , With the preparation of "Original Coat” and "Replacement Coat" estimates bp nr* Hulslser’a office, It la fait that it will probably not ba necessary to go to the Omaha office, provided the additional material that is being requested by Mr, Reinhardt in furnished. Probably supplemental requests will likewise be nacaaeary. With this information, and material that is expected to ba obtained looally, it is believed the necessary Be suits of Operation Study can be set up, along with an estiaata of tha added revenues needed, and the change in rates required, I an planning on spending a day or so in Ins Vegan no as to have sons familiarity with tha physical ay stem, as wall as to discuss with Mr* folgsr at first hand the operation of the properties, ESTIMATED B1SPLT3 Of OPERATION (Tentative) $ These results any Revenues Operating Expense Cost of Water Operation General Depreciation Taxes Other Than Income Income Total Operating Expanse Ret Revenue Rate Sees Rate of Return be summarised as follows; lUeordar^Id. j us ted #202,390 #202,390 105,764 104,313 23*240 23,240 23*270 34*446 7.400 2,950 21,300 21.300 #xii*SI #i9$jji$ 12,906 5.791 #502,700 #529,000 2,5# 0.98# 1950 Grig. Cost l.d.fcL #214*000 #214*000 114,062 25,000 35,700 2,950 134*024 25,000 35*700 9,200 25,000 2.007 #210,725 3*275 25,000 ,2^), 524 (15,524) *638,200 0.31* #644,100 urn This summary estimate treats the LAA3L R.R. Company in the sale of water to Xab Vegas land and water Company as a separate cor* poration and, further, Federal Income Taxes have been set up on a separate return basis. A 6*3/4# return is refleeted in thee© eoet figures exeept for 1949 recorded where 6# is used. Another set*up