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<br />COMPARISON OF ECONOHIC AND FINANCIAL DATA
<br />FRUITLAND MESA PROJECT
<br />
<br />Authorized
<br />1964
<br />
<br />DPR
<br />1967
<br />
<br />Project Cost
<br />Construction cost (1/76 prices)
<br />
<br />27,288,000
<br />
<br />34,18.9,000
<br />
<br />Irrigation allocation.
<br />
<br />26,194,000
<br />
<br />32,006,000
<br />
<br />Investment cost/acre
<br />a. New land equiv
<br />
<br />1,573
<br />
<br />1,964
<br />
<br />Acres
<br />
<br />17,970
<br />
<br />17,580
<br />
<br />b. Avg incl supplemental
<br />
<br />1,170
<br />
<br />1,513
<br />
<br />Acres
<br />
<br />23,450
<br />
<br />22,880
<br />
<br />Mitigation, F&WL
<br />
<br />o
<br />
<br />o
<br />
<br />Economic Justification
<br />Interest rate
<br />B/C ratio 1/
<br />Total -
<br />Direct
<br />(total inel salinity)
<br />
<br />3%
<br />
<br />3-1/8%
<br />
<br />2.1:1
<br />.92:1
<br />
<br />1.52:1
<br />.97:1
<br />
<br />. Repayment
<br />Pmt cap/acre (full service) 3/
<br />Less OM&R
<br />Anlortization capacity
<br />Total proj repmt (50 years)
<br />(current contract obliga)
<br />Percent irriga constr repmt
<br />(inc1 ad valorem)
<br />
<br />6.40
<br />-2.39
<br />4.01
<br />
<br />7.10
<br />-2.90
<br />4.20
<br />
<br />3,650,000
<br />
<br />3,790,000
<br />
<br />13.9%
<br />
<br />11. 8%
<br />
<br />Farm Unit Impacts
<br />Public investment/farm unit 2/
<br />(full service -. 262 acres)-
<br />
<br />412,100
<br />
<br />514,600
<br />
<br />Repayment/unit 50 years 2/
<br />Subsidy CRB fund (exc1 interest) ~!
<br />
<br />-52,500
<br />359,600
<br />
<br />-55,000
<br />459,600
<br />
<br />Annual water charge/farm
<br />
<br />1,677
<br />
<br />1,860
<br />
<br />Net farm 1ncome/farm-pmt cap
<br />
<br />6,045
<br />
<br />f ~ r. f,C/
<br />
<br />Current
<br />
<br />88,300,000
<br />
<br />85,412,000
<br />
<br />6,983
<br />
<br />13,030
<br />
<br />4,985
<br />
<br />18,250
<br />
<br />5,200,000
<br />
<br />3--1/8%
<br />
<br />.89:1
<br />. 5t,:1
<br />.83:1
<br />
<br />20.00
<br />--8.60
<br />11.40
<br />
<br />7,444,000
<br />
<br />8.7%
<br />
<br />1,829,500
<br />
<br />-=.!.49,300
<br />1,680,200
<br />
<br />5,240
<br />
<br />19,880
<br />
<br />!/ Based on curr.ent procedures and interest rate of 6-3/8%, B/C ratio would
<br />be .26:1.
<br />2/ Based on equivalency concept and typical husband-wife ownership, these values
<br />could be about doubled.
<br />1/ Excludes 25 percent contingency (incentive).
<br />
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