OCR Text |
Show APPENDIX VI VI 77 74 colorado r1vkh storage project 1. Status of Revenues Revenues received during fiscal year 19G2 umounted to $G,529. Of this amount, $3,025 represents operating revenues from the sale of water from the Navajo storage unit under short-term water sales contracts, and $3,504 was collected from miscellaneous sources. Total revenues to June 30, 1962, amount to $40,389 and were derived from the following sources: Operating revenues: Sale of water....................-............ - $3, 025 Nonoperating revenues: ' lx-a.se of land for grazing and agt icultural use________.....--------31, 765 Miscellaneous___....._____________..........______________ 11, 599 Total..........................._....._.......___________46,389 2. Cost of Constructing, Operating, and Maintaining the Project The cost of constructing the project to June 30, 1962, is reflected in the following attached financial exhibits: Exhibit A-Comparative balance sheets at June 30, 1962, and June 30, 1961. Exhibit B-Statement of source and application of funds and other credits as of June 30, 1962. Exhibit A sets forth comparatively the financial condition of the project at June 30, 1962, and June 30, 1961. The cumulative funds and other credits available to the project at June 30, 1962, and the manner in which such funds and credits were used or applied are set forth on exhibit B. Activities during fiscal year 1962 were directed mainly to construction work on the storage project units, the transmission system, and on the Emery County, Florida, Hammond, Seedskadee, Smith Fork, Paonia, and Vernal unit participating projects. In addition, advance planning continued on the Crystal Dam, Reservoir, and powerplant of the Curecanti storage unit, and on the central Utah, La Barge, Lyman, and Silt participating projects. Costs incurred for these activities constitute the principal items of cost of constructing the project to June 30, 1962, and are summarized as follows: Activity: Cost to date Construction work in progress__________________________ $278, 240, 521 Completed plant in service____________________________ 7, 423, 214 Service facilities............_..............._.........._ 14, 776, 879 Investigation costs (undistributed advance planning)_______ 5, 299, 821 Total..........__.........____..................... 305, 740, 438 Details with respect to the foregoing, identified by project or activity, are shown respectively on schedules Nos. 1, 2, 3, and 4, attached. Highlights of certain of the major activities are set forth in the following paragraphs: CURECANTI STORAGE UNIT, COLORADO Construction work continued on the relocation of segments of U.S. Highway 50 and Colorado State Highway 92 to bypass the Blue Mesa Reservoir site. The prime contract for construction of the Blue Mesa Dam, powerplant, and switchyard was awarded in April 1962 for $13,706,230. In addition, contracts were awarded for construction of |