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<br />~ <br /> <br />~ <br /> <br />~ <br /> <br />Page 15 <br /> <br />of the storage units \{Quld be repaid in year 2007. In repayment <br />studies for participating projects, requirements for repayment <br />assistance from apportioned revenues in the Easin Fund at no time <br />exceeds scheduled availability of such revenues apportioned to the <br />State in which the respective projects are located. The apportioned <br />revenues, after providing repayment assistance as required for pro- <br />jects now authorized, are summarized on a State basis in the attached <br />schedule. <br /> <br />The pover operations deficit at June 30, 1968, (as show on page 7) <br />through application of amounts deducted for depreciation and replace- <br />ment reserves is reflected in the payout study at June 30 as follows: <br /> <br />Bet pover income deficit <br />Plus Reserves for depreciation & replacement <br />Power payout or (deficit) at June 30, 1968 <br /> <br />IT '68 <br />$(67,863) <br />. 900,786 <br />$832,923 <br /> <br />Total <br />to lAte <br /> <br />$(6,418,739) <br />3,054,4~ <br />$\3,364,2 7) <br /> <br />It is anticipated that the accumulated pover deficit will be fully <br />eliminated during FY '69. <br /> <br />The following table sUllllll&rizes overall project cost allocations and <br />repayment accomplishment. The attached schedule demonstrates year <br />by year the progress of repayment. <br />