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<br />INCOME AND EXPENSE <br />SUMMARY <br /> <br />Net inCome 01 the tranSItional quarter was <br />over $4 million, but the expenses exceeded <br />Income dUring Ilseal year 1977 by $52 million, <br />leaving a net loss 01 $1. 1 million for the 15 <br />month period ended September 30. 1977 <br />DUring Ilseal year 1976 the northwestern <br />portion of the United Slales had the third <br />highest water year in recorded history. This <br />resulted In large blocks 01 surplus hydro and <br />coal/ired electriC energy being available lor <br />purchase, The CASP was able to purChase a <br />portion 01 this non firm energy and sell It to <br />customers to replace energy whIch would <br />otherWise have been generated by 'acilltles <br />burnmg fuel OIL However, In the succeeding 15 <br />months (FY 1976 TranSitional quarter and FY <br />1977) a major drought In northern California <br />e)(tended to other areas In the northwest and <br />Inlo lhe Colorado River drainage basin Hydro- <br />eleclric generation was limited ar,d electric <br />energy from other sources was In hIgh <br />demand The cost ot firming energy rose from <br />SIX mills 10 more lhan twenty-three mills per <br />kllowalt hour Thus energy purchased by the <br />CRSP was IImlled 10 that reqUired to meet <br />contract commllments to cuslomers al the firm <br />rale. ThiS resulted in an operating loss, <br />Cash reCelpls to date from all sources and <br />cash dISPOSition are shown In the fOllOWing <br />tabulation. (This statemenl IS on a cash baSIS' <br />and amounls shown Will not necessarily <br />cOincide With other statements In thiS report <br />which are presenled on an accrual baSIS.) <br /> <br />Cash receipts and disposition <br /> <br />Fiscal year <br />1977 <br /> <br />Tolal <br />10 dale <br /> <br />Cash <br />Total cash receipts <br /> <br />DispOSition <br />Quahty of water expendllures2 <br />Emergency fund expenditures <br />Consumptive use studieS' <br />Utilized lor operations <br />Payments on Interest-Power -j <br />Payments on Interest-M&I Water ,,10 &5\ <br />Payments on investment-Power J <br />Payments on inveslment-M&I Water ("p <br />Payments on lnvestment-Irngatlon <br />Other returns 10 U.S. Treasury <br />RetaIned for operations <br /> <br />TOlal <br /> <br />$43.341.618 <br /> <br />'$397.074.436 <br /> <br />73,661 <br /> <br />921.988 <br />1,724.145 <br />748,951 <br />147.239.187 <br />137,643.561 <br />2.268,312 <br />97.644.595 <br />3.686,365 <br />1.662,811 <br />16.250 <br />3,518,271 <br /> <br />$397,074.436 <br /> <br />172,730 <br />30,040.162 <br />10,381.151 <br />470,789 <br />356.823 <br />1.046.749 <br />214,700 <br />200 <br />584.653 <br /> <br />$43.341.618 <br /> <br />, IneludtlS SI3.8(}().761 eash .ece'pts 10f the Trans'tlon Quarler FundS 'eturned 10 the Federal Treasury dUring the TranSII'Oll <br />QLlane. amounted 10 SB.J8.l.819 Paym..nls on IntertJsl 1Otal,'d 52.738,502 and 55.645,500 w~s ~pplu?d on tt,.. prlnClpiil OH'(>f <br />R".twns to U S TreaslJrY amounTed to S817 <br />.. Althou9M Qualrty 01 willf" i1nd consumptive use sludles are Imancf'd I,om ope'flt,ng ,evenue, nu, r"pllyabl.. deht allhl'! SIr),agH <br />prOlect ,lnd 11<1r1'c'I,at"'9 prOI..cls IS reduced fin !'QUill Ml10Urlt 10 comp~"'Silrf-' <br /> <br />23 <br />