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<br />; COLORADO RIVER STORAGE PROJECT
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<br />2. OOST OF !OONSTRUCTING, OPERATING, AND MAINTAINING THE
<br />, PROJECT
<br />, T/J/l (lQat oI.'uPl.Ill,trul'tililgthil.pr.ojectdto.Ju>>e30, J,9.'l9,is rmI.ected
<br />on the foUowiJ;g1tttMhed'dnauClal exhibits:, . ,
<br />Exhibit A~arlltivll' bll111llee eliiooUl a~ June 30, 1959, and
<br />June 30, 1958.
<br />Exhibit B:-Statement of source and application of funds, and
<br />, other credits ,as of JUl1e 30, 1959.
<br />Exhibit A sets forth comparatively the financial condition of the
<br />,prOj{ljltll,t, ifU,'~~ 30" ',1959, and ifu, ne aOJ,l,958.Thecum, uIlttiw:e fUllds
<br />,4j;lj.U lltPCl' 'OI'e lUlltvllihible to the prnjoct.ltt ;Tu:ue aD, 1959,M\d how
<br />Jluch Ifundslt' ll1'edits were usad or IIppliedltl'ellet fOl'th on ~hibitB
<br />j)y stor~e urii~,s" PMt!c\p,ating projects, trl,lo;usmlssiol) ,division, IIn!! ,the
<br />~dva.nce pll1nll1~lIctlV\ty.
<br />Dmg t:h.e thin! fiaClll yellr oithe project" wb:ich .ended .JUIle 30z
<br />1959.j,1,ACtlvJtie.a wal',c.diracted,prinCipaU,Y tom cOJl.stnu:tion ufthPe,\ q
<br />,the"lour B,tUrll~e Wll~the Ve;rnpl w;ut ,of the Cl!1Itral Utttb PllftlCl-
<br />PJl.ting projl1ct~ Mdthe P-IlPl)ia Pllrticipllting Project i .(2) illCquisition
<br />~nd, fJCilnstXnct,wn pf sarvice fallilities~_,.(3) continu,lItio)). of, ,ltdva,nce
<br />PJ,ilIlnin,g 0)). tP,eCureot\;:uti Storage ullit and on the p'lIrticipating
<br />projeots; and (4)precollstructioll work 0)). the tr,ansmission division.
<br />Oostsmcllrred, for these ac,tivities constitute the principal itsm.s of
<br />COst of conetruetin,gthe P,l'pject, to ,June 30, 1959" and Me .~UIl\marj~ed
<br />as follows:' '
<br />Aotivity: : , OoBtto date
<br />Co>>.tructjpti w,ork i>> prqgr..._______h_._.'_..._..._.____. $85,485,555
<br />Service f~c,iJtUe~..._.'H_...______._u.u.___,u_____uu_. 15,075, 196
<br />Inves'tigatiU1~ !(advan"Ce planning)____....___.-___,._____;-_____,. 51164,103
<br />Total_ _._ >_ __ .,__ __. H _, __'. _ _. __ _._..._ _._ _ _ __ ,,_, _'. _ WS, n4, 854
<br />Details with! respect to the foregoing,iden'tiliedas to storage unit,
<br />participating project, advance plauningactivi'tyortrllJI')smission divi-
<br />sion lire showD.!f8spectively on schedules No. ,I, 2, and 3 attached.
<br />SpeCis:lrecognitiOn is hereby given to the States of1;l;te upper and
<br />lower basins, w:hose assistance to date has contributed immeasurably
<br />tpwardexpedi6ing the investigt\;tion and construetion of .theproject.
<br />This assistance has taken several ,fo!::llls. Ca~h contributions which
<br />have been madebyvarrous States are 'recordedm the accounts of the
<br />project a,!d h~ve be,en ~sedfor the purpos~ oHi) defra;vingcost.9f.pre-
<br />constructiOn mvestJgatiOns, and' '(2) to aid generally m financmg the
<br />cost of construqting the project. Another form of assistance has been
<br />the prompt buqding by the States of access roads and highways leading
<br />to units ,pf ,the )project, These J9, ,ads involved ,the use of State funds
<br />asw-ell as ,ma~chingFederal, appro'pril1tiolls in certain cases. The
<br />cost of thesero/ldsare nPt reflected m the records of the project since
<br />they are not Paft of the authorized facilities. The early actiOn taken
<br />,011 ,these matters, hpwever, has been helpfliland the States are
<br />commended. ..
<br />Highlights of certain pf the majpr construction and advance
<br />pll1nnim:g activities are set forth in the following paragraphs:
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