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<br />COLORADO RrVERI>TORAGE PROJECT
<br />
<br />2. OOST OF OONSTRUPTING, OPERATING, AND MAINTAINING THE
<br />, PROJECT
<br />, The cost of constructing the project to June 30, 1960, isreflected on
<br />the following attached :financiale:xhibits: , .
<br />EJ(hibit A-Oomparative balance sheets at June 30, 1960, and
<br />June 30', 1959.'
<br />Exhibit B-Statement 'of source and application of funds and
<br />other credits as of June 30', 1960'.
<br />Exhibit A setsfortl;l comparatively the'financial condition of the
<br />project at June 30', HI6O',andJune30', 1959, The cumulative funds
<br />and other credits available to the project at June 30, 1960', and how
<br />such funds. and credit~were used or applied, are set forth OIl exhibit B
<br />by storage.units, partlcipatingprojects,tiansmh,sioIl division, and the
<br />advance planning activity. .
<br />During the fourth fiscal year of the project; which ended June 30,
<br />1960', activities were (Iirected mainly to (1) construction work on the
<br />Flaming Gorge, Glen: Oanyon, and Navajo. storage units; the Hame
<br />mond andPaoIlia participating projects; and the Vernal unit of the
<br />central Utah participating project; (2) preconstruction activities on
<br />the transmission divi$ionand the Seedskadee and Smith Fork partici"
<br />pating projects; (3) completion of advance planning on the Blue Mesa
<br />and Morrow Point filatures and continued advance planning on the
<br />Crystal features of the Outecantistorage unit and on the central
<br />Utah, Emery Countyj, Florida, LaBarge, Lyman, and Silt partici~ating
<br />projects; and' (4) acquisition and construction of serViCe faCIlities.
<br />Oosts incurred for these activities constitute the principal items of
<br />cost of constructing. the project to Jime 30',1960, and !\resummarized
<br />as follows:
<br />Aotivity:, ' _ Goat to date
<br />Oonstruction work:in progress____________________________ $117,373,220
<br />Service facilities__3________________________~______Uh__ 15,248,742
<br />Investigations (unl.fistributed advance-planning)____________ 4,169,968-
<br />TotaL_ _______,________________________________,____ 136, 791,930
<br />Details with respl'ct to the foregoing, identified as to storage unit,
<br />par.ti?ipating projept,tr~nsmission division, or advance pl!tnning
<br />actiVIty are shown res,Pectlvelyonechedules Nos. 1, 2,and 3 attached.
<br />Highlights of certam of the major construction and advance plan-
<br />ning activities are set forth in the following paragraphs: .
<br />
<br />FLAMING GORGE STORAGE UNIT, UTAH
<br />Work performed- under the prime contract 'for the construction of
<br />the 495-foot-high concrete arch dam and the IGS/GGG-kilowatt power-
<br />plant on the Oreel! Rivet in Utah Was behind schedule at June 30',
<br />1960', with completed work aggregating 24 percent in 40' percent of
<br />the overall time wllowed by the contract. Diversion of the Green
<br />River and compl;etion of upstream ana downetream cofferdams
<br />cleared the way for excavation of the dam fo~ndation and keyways.
<br />Pouring of concrete in the dam str~cture started during the fall of
<br />1960'.
<br />Other major construction items completed during the fiecal year
<br />were the public shelter house and parking area at the damsite and
<br />the seismograph ~tation. The first phase of clearing the reservoir
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