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r <br />DEC 111979 <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />soox 42 FAcf 265 <br />Q. What time frame was used as a test year or base year from which <br />to make adjustments to obtain a normal year's operations for <br />purposes of setting rates in this hearing? <br />A. The base year used was the results of operations for the twelve <br />months ended December 31, 1978. This year was used because it <br />provided the most recent year's results of operations and was, <br />therefore, considered a more accurate representation of the <br />time period for which the proposed rates would go into effect. <br />Q. Have you prepared a document which shows the investment was rate <br />base of the utility which is to be used for this rate making <br />proceeding? <br />A. Yes. <br />Q. Would you please provide a brief explanation of the major <br />components which comprise rate base and any adjustments thereto. <br />A. Certainly. Exhibit "2" provides the summary financial exhibits <br />which make up the core of this rate case. Exhibit "3" provides <br />the detailed backup financial data for those figures appearing <br />in the summary exhibits included in Exhibit "2". Attachment 1 <br />of Exhibit "2" contains the rate base calculations for Vero <br />water and sewer operations for the twelve months ended December <br />-4- <br />