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<br />C'J <br /> <br />,. <br />'- <br /> <br />C": <br />C'J <br /> <br />As nearly as practicable, these estimates were then brought <br /> <br />c <br /> <br />to a common ':,asis by suitable ac;.ditions 8.c'1d subtractions, giving, <br /> <br />as substaDtially comparable figures the follovung: <br /> <br />u. S. B. R. :~.6 36 380 <br /> , , <br />City of L. , 415,476 <br />1-.. <br />s. C. E. 503,804 <br />H. If.T. D. 422,040 <br /> <br />The mean of these four estimates was then taken and found <br /> <br />to be $494,425 or in round figures, $500,000. This figure was <br /> <br />then checked with the reported costs for these parts of the <br /> <br />project for recent months, with results indicating that the <br /> <br />normal actual cost of operation and maiJ1tenance for the <br /> <br />operating year ending May 31, 1941 would be approximately <br /> <br />$528,000. This amount does not greatly exceed the above <br /> <br />computed mean and, since rates are to be adjusted annually <br /> <br />to reflect actual operation and maintenance costs, this amount <br /> <br />is acce1Jted as the basis for the estimate to be used in com- <br /> <br />puting rates. It is believed that same allovlance should be <br /> <br />made for contingencies (rising price levels, etc.) in an estimate <br /> <br />of this kind and 5 pGrcent is addGd for this purpose making a <br /> <br />total estimated normal cost of :~55!+, 400. <br /> <br />It is estimated that in the year ending May 31, 1941 <br /> <br />special costs amounting to $5:1 ,000 will be incurred due to <br /> <br />the hearings and negotiations incident to the Adjustment <br /> <br />Act. The total estimate of cost for project operation ~nd <br /> <br />maintenance for this yoar is therefore taken as $604,400. <br /> <br />17 <br />