upr000342 31

4 V 8 Water Rights Wo amount has boon Included in this item, m the 1930 decision of the Nevada Commission, dealing with the last increase in water rates, an allowance of $6000 was recognised by the Con-mi salon* The Company had claimed some #800,000* The allowance, as you will recall, was based upon #8000 per ou* ft. per second of water produced and utilised by the Water Company. Such allowance was set § eu, ft. per second. Currently with a flow of approximately 18 cu. ft. per second, of which the Water Company utilises 96.31^ based upon 1948 division of the water, the value of the water rights would be in excess of $30,000. A decision as to the Company*a position on this matter will be desirable. Revenuesi The 1980 estimate reflects an Increase of #11,61© In water revenue, it is planned to show detail as to number of customers, revenue from each class, as well as population figures in the final estimate. This may be neaJF#10,O©O *>•>*« the estimate herein used as rate of growth is declining. In 1949, total revenues of $202,390 reflected Miscel-revenues of #3,286 • 97. This amount included #1*740.00 for water service connections at the rate of #5.00 per connection. It would appear to me that such payment might better be treated as a credit to the expense incurred by the Company in making the service extension from the water main to the curb. Treating it as a revenue creates a tax liability. Further the Company's expense