ML20078G203

Forwards Schedule Showing Source & Application of Funds for Mar-June 1966 to Demonstrate That Vendor Has Necessary Funds to Continue Const of Facility,Per

ML20078G203
Person / Time
Site:	West Valley Demonstration Project
Issue date:	03/28/1966
From:	Runion T NUCLEAR FUEL SERVICES, INC.
To:	Mcbride J US ATOMIC ENERGY COMMISSION (AEC)
Shared Package
ML20078G199	List: ML20078G203 ML20078G207 ML20078G210 ML20078G214 ML20078G218 ML20078G222 ML20078G226 ML20078G241 ML20078G250 ML20078G265 ML20078G276 ML20078G284 ML20078G287 ML20078G291 ML20078G300 ML20078G308 ML20078G336
References
FOIA-83-354 NUDOCS 8310120008
Download: ML20078G203 (2)

Text

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A S U B S I D I A RY O F* W. R. O R AC E 5. C O.

W H E ATO N PLAZ A BUILDIN G, S UITE 9 0 6 g WH EATO N, M ARYLAN D 2 09 02 AR E A CO D E 3 01. TE LE PH O N E 933-5440

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( Dr. John A. IfcBride, Director

,. . Division of Materials Licensing U. S. Atomic Energy Ccmmission 3

4915 St. Elmo Avenue Bethesda, Maryland

Subject:

Information Subsequent to Construction Permit, Submission No. 5 1

Dear Dr. McBride:

In addition to the supplemental material submitted by letter of 22 March 1966, the attached schedule showing the NFS Source and Applicatien of Funds for the period March 1,1966 - June 30,1966 demonstrates that NFS has the necessary financial resources to con-( tinue the construction and preoperational activities at the West '

Valley, N. Y. chemical reprocessing plant through June 30, 1966.

The figures have been prepared on a conservative basis, in that no consideration has been given to cash flow from the Erwin, Tennessee i operations or the ancillary operations at the West Valley, N. Y.

l plant, nor has the $1,000,000 line of credit obtained from the Manufacturers and Traders Trust Company been included. Such funds will be available over and above the amounts shown in the schedule.

Very truly yours, hh TCR:ef T. C. Runion Attachment President l -

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NUCLEAR FUEL SERVICES, INC. Co rg '

Source and Application of Funds g

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'S'ource of Funds Cash Balance, March 1, 1966 $ 251 ESADA Contributions 364

( Bank Loan (excluding line of credit)

Non-Cash Working Capital Decrease Total Funds Available 1,400

$2,265 250 Application of Funds Capital Expenditures - Reprocessing Plant $ 745 Preoperational Expense 1,294 Total Funds Applied $2,039 Cash Balance, June.30, 1966 $ 226 ,

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'- No provision has been made for any new facilities, the financing l of which will be arranged for separately. ,

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