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<br />. <br /> <br />. <br /> <br />. <br /> <br />.' ~ (~ ,#., <br />~VOi <br /> <br />Report of the Regional Director <br /> <br />69. Parts of the interest on return payments from power <br />(3 percent) and municipal water (2 percent) would be applied <br />to the irrigation investment. The sources of revenue for re- <br />tirement of returnable costs are shown below. <br /> <br />Source <br />- <br /> <br />Project <br />revenue <br /> <br />Irrigation <br />Net revenue, irrigators and district, <br />40 yrs. . . . . . . . . . . . . . . <br />From power revenue, )B yre. . . . . . <br />From municipal water revenue, 38 yrs. <br />Retired allocation . . . . . . . . <br /> <br />$10,881,000 <br />35,478,000 <br />13,570,400 <br /> <br />Power <br />~et revenue, 53 yrs. ....... . <br />Less interest to irrigation, 38 yrs. <br />Less unapplied interest . . . <br />Less earned surplus, 53d yr. <br />Retired a11oc.. tion . . . . <br /> <br />80,324,113 <br />-35,478,000 <br />- 4,570,849 <br />243,204 <br /> <br />. <br /> <br />Mwrlcipal water <br />Net revenue, uO yrs. ........ <br />Less interest to irrigation, 38 yr.. <br />Less unapp1isd interest . . . . . <br />Less earned surplus, 40th yr... . <br />Retired allocation . . . . . . <br /> <br />43,17.3,000 <br />-13,570,400 <br />72,669 <br />8.531 <br /> <br />Total allocation returned by revenues. <br /> <br />. <br /> <br />Cost <br />allocation <br /> <br />$ 59,930,000 <br /> <br />40,032,000 <br /> <br />29,522,000 <br />$129,484,000 <br /> <br />70. If the value for the regulation of winter water <br />is estimated at $1.25 per acre-foot, which is comparable to <br />current costs for like services, an additional return of <br />$3,700,000 or more can be expected from irrigation over the <br />repayment period. The actual value remains to be determined. <br />The value of tins service must be an amount substantially <br />less than $3.60 per acre-foot which is the value at the <br />Pueblo Reservoir established for a new supplemental water <br />supply. <br /> <br />R <br /> <br />25 <br />