Annual Report of the Public Service Commission, And the ... Annual Report of the Board of Railroad Commissioners 1915/v. 1
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Practically no rails and only a small proportion of the trolley wire have been renewed. Some parts of the roadbed need new ballast. The department estimates about $14,000 as the average ex- penditure which should henceforth be made each year for several years to come "in order to maintain tracks and overhead struc- tures in a safe and proper condition." The average expenditure of the company for maintenance and depreciation of equipment during the past two years has been about $11,000. We are o...f the opinion that an annual expendi- ture of not less than that amount is necessary in the future in order to maintain the equipment in good operating condition. It may be assumed, therefore, that the company should here- after expend about $14,000 a year for maintenance of way and structures and about $11,000 for maintenance and depreciation of equipment, which would represent a total maintenance ex- pense of $25,000 a year. The importance of proper expenditures for maintenance and due provision for depreciation cannot be too strongly emphasized.
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