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upr000158 29

Information

Digital ID
upr000158-029
Permalink
http://n2t.net/ark:/62930/d1v98202j
Details
Member of
Conveyance of water owned by LVLWC through pipelines owned by Los Angeles and Salt Lake Railroad Company (LASLRRC)
Rights
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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

Section 9 of agreement Audit No. 74531 provides for Union Pacific to till LVL&W Co. annually with a reasonable amount for certain services known as management expense, which has been determined as $9,508.00. However, in order to not distort the accounts for any one month, we have been recording proportionate amounts of this annual expense monthly, as estimates, on the books of both companies. The monthly estimate plan has not proved satisfac­tory because it requires more accounting work and necessitates suspending the accumulated aggregate of the monthly estimates for 11 months of each year. Since it is desirable to continue the monthly record­ing, will you please advise whether it is feasible to institute monthly billing in view of contract specifying annual billing. Such an arrangement would permit discontinuance of the estimate plan. If there are no legal objections to this proposal, Mr. Reinhardt is requested to advise whether he would have any objection to placing the monthly billing plan in effect. R. M. SUT1