OCR Text |
Show completed; therefore, no formal allocations to the several purposes to be served by the project have been made of the cost to June 30, 1960. However, tentative allocations have been made of the total estimated cost to complete the entire project (schedule No. 5). The tentative allocations may be summarized as follows: PURPOSE Amount (thousands) Percent Reimbursable allocations: $306,571 671,956 46,644 28.2 62.0 4.3 Total ______ ______ 1,025,171 94.5 Nonreimbursable allocations: 3,806 24,109 20,875 5,433 .3 2.3 1.9 .5 Other nonreimbursable costs: Colorado River development fund investigations and non-Federal contributions______________________ Total 54,283 5.0 Unallocated costs: Ultimate phase costs of central Utah participating project.- 5,700 .5 Total _______________ _____________________________________ 1,085,204 100.0 4. PROGRESS OF RETURN AND REPAYMENT OF FEDERAL INVESTMENT As indicated heretofore, no unit or separable feature of the project has been completed, therefore, no progress has been made on actual repayment of the Federal investment as a result of operations. However, repayment contracts which schedule annual payments on irrigation construction facilities have been negotiated and executed with water users' organizations on the following participating projects: Central Utah, Vernal unit-Uintah Water Conservancy District, Amount July 14, 1958..............................................................................................$1,500,000 Hammond-Hammond Conservancy District, Oct. 20, 1959.................... 450,000 Paonia-Northfork Water Conservancy District, Aug. 21, 1957............ 2,320,000 Smith Fork-Crawford Water Conservancy District, May 10, I960.... 1,025,000 Total ............................................................................................................ 5,295,000 5. ESTIMATED RATE OF PROJECT REPAYMENT, YEAR BY YEAR As stated under item 3, above, no storage unit, participating project, or separable feature thereof had been completed to June 30, 1960, and final cost allocations of the Federal investment as of that date to power, irrigation, and to other purposes have not been made. Accordingly, no estimated rate of progress of project repayment, year by year, of the investment to be so allocated is included in this annual report. 118 |