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<br />0) <br />00 <br />"' <br />_. <br /> <br />c <br /> <br />22 <br /> <br />inCOmE AnD EARnm SURPlUS <br /> <br />tfj.(JJl Opeutiwj 1fe.a1 t~ A1alf 31, 1951 <br /> <br />STATEMENT OF INCOME <br /> <br />tdukt II <br /> <br />Operating Revenues (Schedule 1) ............................ $ 8, 554,955.45 <br /> <br />Operating Revenue Deductions <br />Operating Expenses (Schedule 2)............. $1, 812,087.19 <br />Provisions for Replacements. . . . . . . . . . . . . . . . 507,857.09 <br /> <br />Total Operating Revenue Deductions. . . . . . . . . . . . . . . . . . . . . <br /> <br />2,319,944.28 <br /> <br />utility Operating Income. . . . . . . . . , . . . . . . . . . . . . . . . . . . . .. $ 6,235,011.17 <br /> <br />Income Deductions <br />Non-Utility Operations, Deficit <br />(Schedule 3)........ ...................... $ 324,510.74 <br />Interest on Long-Term Debt................ 3,278,431.91 <br />Other Interest Charges. ... . ... . .. .. . .. . . . . . 320, 758~ 34 <br /> <br />Total Income Deductions. . . . . . . . . . . . . . . ' . . . . . . . . . . . . . .. $ 3,923,700.99 <br /> <br />Net Income Transferred to Earned Surplus......... ...... $ 2,311,310.18 <br /> <br />STATEMENT OF SURPLUS <br /> <br />Earned Surplus, Beginning of Year.. .. . ... .. . . . .... . .. ... . .. $ 9,072,334.63 <br /> <br />Add: Net Income, Current Year. . . . . . . . . . . . . . '. . . . . . . . . . . . . . <br />Aggregate of Adjustments of <br />Prior Years' . . .. . .. <br /> <br />Income and Expense............ ............... ... <br /> <br />Resel'Vations of Earned Surplus <br />Yearly Payments Required under Boulder Canyon <br />Adjustment Act Due on or before July 31, <br />each year: <br />To States of Arizona and Nevada.. . . ... $ <br />Colorado River Development Fund ..... <br /> <br />2,311,310.18 <br /> <br />2,893.64 <br />$11,386,538.45 <br /> <br />600,000.00 <br />500,000.00 $ 1,100,000.00 <br /> <br />Balance of Surplus as of May 31, 1951......,....... $10,286,538.45 <br />