1 Represents adjustments in cost allocation due to new water operation and power studies which are associated with all units. 2 Excludes State of California costs ($176,760,000), project distribution system costs ($248,218,000), and nonreimbursable cost allocations ($129,656,000). Plate 2 illustrates the anticipated financial condition of the Central Valley project from fiscal year 1964 to 2018, the termination date of the presently authorized project. The allowable unpaid balance of investment represents the capital investment which can be carried as an unpaid obligation. As shown on this plate, the actual unpaid balance of investment is running well below the allowable balance, thus demonstrating the solvency of the project. Tables 4 and 5 present a year by year repayment analyses of the authorized Central Valley project. The difference between this value and the reimbursable project investment represents the amount associated with a particular unit which must be repaid by a specific date. TABLE 4.-Scheduled investment and repayment of the authorized Central Valley (reimbursable functions excluding distribution systems) project |
