BOARD01706

• Board Meeting Date: 8/2/1961
• Description: Table of Contents, Agenda and Minutes
• Board Meetings - Doc Type: Meeting

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analysis rather than to the written material that
I've given you, for the time being. This analysis
is entitled 'A Revenue Analysis of the Colorado
River Storage Project, 86-Year Period, Up to the
Year 2049, All Values in Millions of Dollars'.
What we have attempted to show on this chart is
the revenue analysis of the entire project. I'd
first like to call your attention to the first
column which is the 'Yardstick, May 1960'. Under
that column all of those figures are based on the
figures contained in the original Bureau analysis.
Those are all Bureau figures in their entirety.
To show you what we have done there, we come down
with a power allocation less transmission. We
come down with the investment in transmission
faciliities; then the interest during construc-
tion; then you come down to the total power allo-
cation; and then the irrigation allocation; and
the interest on the power allocation. You come
down to a total figure of $1,217,000,000 which is
the total obligation to repay the project. Under-
neath that we show what revenue is going to be
derived for the project from the sale of power
and from other sources. So you come down to a
total operating revenue of $2,749,000,000. Now
you are going to have certain operation costs of
the project and we list those operation costs
there and you come to a total operating cost of
$580 million. This is over the 86-year payout
period. Then you take the $580 million from the
$2,749,000,000 and that leaves a total available
for project repayment of $2,169,000,000.

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Coming back up to the top of the chart you
see the first thing you take for repayment is the
repayment of power allocation, $672 million. You
deduct that. Then you deduct the $455 million and
you deduct the $90 million for the repayment of
irrigation allocation and you come down to a
balance to the Basin Fund. That balance to the
Basin Fund is the critical amount. It is that
amount that Colorado has 46% interest in. That
is the amount of irrigation assistance that's
available at the end of the 86-year payout period
under the original yardstick system and that
amounts to $952 million. The present requirement
of the Basin Fund, under presently authorized