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. . 1-7 the Federal investment allocated at that time to power, to irrigation, and to other purposes, the progress of return and repayment thereon, and the estimated rate of progress, year by year, in accomplishing full repayment". At the same time, the guidelines set forth in RA6120.2 set an evaluation period of five Factors Contributing to Rate Increase 5~1l--\% ~q?6 \ \\ '" 5.~ OJ:) years during which future projects may be included. Page 52, Footnote 3, of the Rate Brochure, included as Exhibit 1-2 hereto, shows that out of a total of $1,131,938,000 for identifiable participat- ing projects included in the rate studies to be repaid from power and M&I reve- nues, only $59,446,000 of this amount is for repayment of projects currently completed. In other words, approximately 5.3% of the funds to be collected in the PRS for participating projects is for projects in service and 94.7% of such 'Pf'O~Js UJ')QlMr-- funds is for future or under construction participating projects. &>..-,~,I,-V'=hD.~ <4 672960000 Total collections related to participating projects are sUDStantially higher than the aforementioned $1,131,938,000. rhe mechanics of the Basin Fund result in an over-collection of funds in excess of this amount ~$515,210,OOO. The total funds needed, according to Western, related to repayment of the iden- tifiable and as yet unidentified participating projects is then $1,647,148,000. Comparing this to the $59,446,000 needed to repay completed participating proj- ects shows that less than 4% of the funds set aside by Western for repayment of participating projects is for repayment of completed projects. The over-collec- tion in excess of $515 million represents funds for which there are currently no authorized projects in the appropriate states and is approximately 31% of all funds shown to be collected in the PRS for participating irrigation proj-. ects.