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<br />14 FRYING PAN-ARKANSAS PROJECT, COLORADO
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<br />
<br />PROJECT REVENUES
<br />
<br />In tbIs aulysis, quantities of water and power supplied by the proJed aod
<br />proposed charges for these products nre identical with amounts contained in the
<br />reevaluation statement. Estimnted tax proceeds from the Southeastern Colorado
<br />Water Conservancy District, however, are revised slightly.
<br />As reported by the Colorado State Tax Commission, the district's assessed
<br />value tor 1960 amounted to $425,940.000. representing a gain of 6 percent over
<br />the 1050 figure of $401,522,000. Def-illite this substantial increaRe, projections
<br />of future district assessed vulue and tax proceeds were held to less than 2 per.
<br />cent increllse annually. Actually, the annual incremental increase amounts to
<br />1.9 percent of the 11100 base which will yield $8,000 per year at the I-mill levy.
<br />The corresponding figure in the reevaluation :statement is $7,000 a year.
<br />Net annual revenues attributable to the reimbursable project functions show
<br />Borne variation with corresponding data in the reevaluation statement. This
<br />arises due to different allocations ot IlnuullI O.M. & R. costs which are handled
<br />as revenue deductions. Power, in particular, shows n substantial net revenue
<br />increase which is due to the reduction in estimated annual replacement reserves.
<br />Also, annual net revenue requirements for the municipal water deli\'er~' system
<br />show an increase oyer the figure in the reevaluation statement.. This cbange
<br />arises mainly becaus.e annual nmortization requirements are higher at the 2.6.12
<br />percent interest rate. Annual project revenues are listed In detail on page 7.
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<br />R.EPAYMENT
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<br />Power
<br />
<br />'.rhe ]lower Rystem average rate and repayment study near the end of this
<br />statement shows all details of reimburHement ot power costs. Project power
<br />facilities are entered into plant-in-service as they become revenue producing
<br />over the period of fiscal years 1067 to 1!)7fi. Each increment of innstment is
<br />amortized witb interest at 2.632 percent within a 50-year period. The entire
<br />power iuvestwent of $64,Sa1,000 is repaid in the 41st yellr after completion of
<br />construction,
<br />Beginning in the 41st year after construction, power revenues are applied
<br />to assist in repayment of irrigation eosts. Through the 49th year power assist-
<br />ance ot $1O,41l,2::i9 to complete IrrigatIon repayment is accomplished. A revenue
<br />surplus of $2,[)75,6.1D is shown at the end of the 50th year.
<br />
<br />Irrigation:
<br />Project ''''"ater (49,500 acre-feet at $5.40) _______________________
<br />Twin Lakes service (11,800 acr~-feet at $3) ____________________
<br />Regulation of winter water (05,900 acre-feet at $2.25)__________
<br />Conservaney District ta%_____________________________________
<br />
<br />A:nnual revenue8-Function and Baurce of re't'Cnue
<br />
<br />Amount
<br />$207, ~OO
<br />35,400
<br />148,275
<br />1516,160
<br />
<br />SubtotaL _
<br />LessO.~~ & -fl~-~~t;=========================================:
<br />
<br />967,135
<br />86,010
<br />
<br />Net irrigation revenues____ ____ ___ ____________________________
<br />
<br />881, 125
<br />
<br />Power:
<br />469.2 million kilowatt-hours at 6.5 rulUs________________________ 3,049,800
<br />Less O.M, & R. C05t8_________________________________________ 678,0;)0
<br />
<br />Net power reyenoes________________________________________ 2,371,150
<br />Municipal and Industrial water-water supply:
<br />Municipalsupplles (20,500 acre-teet at $5.40) ___________________
<br />Storage ot C.F. & I. Corp.: (4,000 aere-teet at $2) _______________
<br />Conservancy district ta:L___ _ __ ____ _______________________ ____
<br />
<br />110,700
<br />8,000
<br />210,000
<br />
<br />,
<br />
<br />Subtotal___________________________________________________
<br />L.e85 0.!vI. & R. costs__________________________________________
<br />
<br />Ne.t water supply revenues_________________________________
<br />
<br />328,700
<br />11,400
<br />31i,300
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