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MAY 2 1984 <br />BOOK 56 PAGE 910 - <br />Question arises as to which figure is correct, and his <br />belief that the first column is correct is based on the <br />income tax records of Jim Wilson. <br />Mr. Pollard next discussed a figure of $6,422 for a <br />pump which has not yet been purchased or installed and also <br />the use of a figure in 1983 of $167 for a generator, which <br />jumped in one month to around $4,000. Mr. Pollard contended <br />that the reason these figures were inflated on the January <br />report was because in November the Home Owners Association <br />challenged the accumulated depreciation, which was shown as <br />$15,000 on the first exhibit; so, they jumped it up to <br />$51,000, and this, of course, had to be offset in order not <br />to lower the rate base. Mr. Pollard did not question the <br />figure for the used and useful, which decreased, as the lots <br />available decreased from 28 to 24, but he noted that in <br />December of 1983, CIAC was shown as ($3,000) and when this <br />figure was challenged, it was increased to ($12,750.) <br />Mr. Pollard then reviewed the figures set out at the <br />bottom of Exhibit "L-1", emphasizing that the used and <br />useful, (which staff figures on the basis of capacity and he <br />figures on lots) and the CIAC which he claims should be <br />$65,250, are way out of proportion. <br />Mr. Pollard then referred to Page 3 of the Breezy <br />Village Co. Finance Statement noting that this is very <br />similar to Page 5, the pro forma year. <br />Page 3, Exhibit "B", is as follows: <br />111 <br />