upr000063 34

For depreciation in the past years the Company has apparently used the factor 1\%. The Commission finds for future years the depreciation factor should be 2% on facilities used and useful in the distribution of water less land and water right value, working cash, material and supplies. OPERATING REVENUE (page 3,Exhibit "B",I&S 127) 1951 Est. Flat rate sales to general customers Municipal Miscellaneous Total Revenue Increase over 1950 Customers 233,300.00 3,1*00.00 5,5oo.oo $ 20,055.00 9,081 $21*2,200.00 Revenue per customer 191*9 * $25.83, 1950 s $26.66, 1951 (est.) = $26.67 OPERATING EXPENSES Operation and maintenance Administrative and general expenses Las Vegas Office Rate Case Expense Adequacy of Water Case Management Expense Office Rent Pensions Subtotal adm. and general - Depreciation (2% avg. on 603,^19.72) Joint Facility Rent Charges Taxes gjtpgMpt State, County, and City*' Federal, other than income Total Operating Expenses Net Available for Return Rate Base 618 919 72 Return of 6% on 618,919.72 = $37,135.18 after income tax! Amount of additional revenue necessary to pay income tax on $1*8,570.71* U 1*8,570.71* - 23,1*58.28 s 25,112.1*6 Necessary Operating Revenue / ' 21*2 200.00 36,000.00 25.000. 00 3.000. 00 3.000. 00 9.500.00 1.800.00 600.00 $ 1*2,900.00 12,078.00 105,063.72 22.000. 00 700,00 $218 >7l*l -72 $ 23j,l*58e28' Operating Expense 25,112.1*6 .$26?, 312 3*5 218,71*1.72 $ 1*8,570.71* - 21 -