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Form 7 ’Supp# M S VEGAS LAND AND vjpSR COMPANY Explanation of largo increase a and decreases on Form 7® "Operating Revenues9 Operating Expense sy Income and Profit and Loss" For Month of June 195^4- Compared mtfe corresponding month of previous year0 Title and Explanation Amount Rent from warehouses,, packing houses and equipment Due principally to cancellation of lease Ip® 103UU to American Fruit Growers,., effective Deee»her lt' 1953© Decrease $ 50lo62 Income from oil and gas leaser. Due principally to increased income on lease No© I4P92 Increase 371o99 Taxes on land held for sale > Ad valorem Due principally to overstating estimate of taxes last year which m s adjusted in August 1953 accounts. Decrease 382#50 Proportion of miscellaneous ta%es Due principally to increased estimate of California Franchise Tax for 195U* Iucreass ls.9202 Water sales <=> commercial, Water sales -» industrial Due principally to increased m t e r service this year# Increase Increase 7 5 l i 3 # 806#38 Miscellaneous - water service Du® principally to more m t e r service connections this years, Increase 6?8®12 Maintenance of well ; Due principally to credit adjustment this year covering material returned to stock# Decrease 3144*51 Maintenance of p-imping facilities Electric power expense Pumping labor Due principally to acquisition of production facilities from the U*P#R*R<£o© effective August 1, 1953* Increase Increa&e Increase 2 9f§<4© 3 560#66 2 299#29 Rent for pipe lines Due to rent paid U»PoR«ReCo® last years railroad facilities sold the L.¥.L»iS: W«Co# effective August 1, 1955© Decrease 13 215*03 Proportion of general expenses •» water service Due principally to increased force and wage schedule amount $1,301#91 this year and railroad management expenses applicable to the water production facilities, amount $ 5^9 *>62 this year# Similar expense last year amount |251®i|ls included in Item "Rent for Pipe Lines#* Increase 1 JhB#96 Depreciation ?» pipe line D m principally to acquisition of production facilities from U»P®R*R«0o» effective August 19 1953© Increase 1 326® 31 Depreciation • miscellaneous equipment aid structures Due principally to adjustment of accruals for period January to April 195k* Increase 1 202®12 Taxes^°» Ad Valorem Due principally to more taxes estimated to be paid this year# Increase 2 Ii0o56 Salaries and expenses of clerks and attendants Due principally to increased force and wage schedule this year# Increase 988#68 Other expenses Dus principally to railroad management expenses applicable to the Water Production Facilities* amount $5U9#62 this year# Similar expense last year, amount $25i*i+l# included in item "Rent for Pipe Lines#" Increase 519*62 Miscellaneous taxes Due principally to decreased accrual of federal income tax for .195U account less taxable income this year# Decrease .3.1 777^71 Profit and loss accounts » Net Decrease 1+69^37 Due principally to more donations for fire hydrant installations last year© Auditor* s Office , Omaha, Nebraska,, July 26, 19^4°