VLADIVOSTOK, September 2 (RIA Novosti) - Authorities have allocated some 7 million rubles ($220,000) to provide accommodation and compensation for people affected by a burst dam in Russia's Far East, a local official said on Wednesday.

The dam across the Tumannaya River near the village of Karamken in the Magadan Region burst on Saturday after three days of heavy rain. Nearby homes were flooded, with one man killed and a local woman still missing.

"A decision was made ... to allocate funds for the purchase of housing in the [nearby] village of Palatka and the repair of empty apartments in the village of Karamken to accommodate homeless locals," the official said.

A total of 6 million rubles ($188,800) will come from the regional budget for the accommodation, and another 1 million rubles ($31,500) will be paid as compensation. However, the sum may be reviewed when a special commission assesses the exact damage.

Epidemiologists have been monitoring the water in the Khasyn River downstream, which is rich in fish stocks, and deep wells in two nearby villages. No increase beyond the maximum permissible concentration of harmful substances has so far been reported.

The dam contained a reservoir for dumping tailings from gold mining, including heavy metals and cyanides. The Karamken gold mine has been idle for 15 years.