Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />o <br />N <br />W <br />,.;;,. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />a:>IDRAOO RIVER B1'ISIN SALINITY a:>NTOOL romM <br />Notes to Financial statements, Continued <br />June 30, 1990 <br /> <br />(21 <br /> <br />Contracts <br /> <br />(31 <br /> <br />'!he Fonnn has entered into a contract with a hydrological eIXJineer <br />whereby the eIXJineer agrees to provide services to the Fonnn to <br />further the goals, pu:rf:Oses an:i objectives of the Fonnn for certairi <br />fees. 'lhe eIXJineer provides office space, clerical services, <br />transportation an:i other services. 'lhe Fonnn agrees to pay fees for <br />services an:i certain other operating costs associated with this <br />contract. 'lhe expenses incurred under the contract are reflected in <br />the accompanying statement of revenue, expenses an:i :fImi balance. <br /> <br />state Allocation <br /> <br />state allocations represent charges to the states for their pro-rata <br />share of allocations for the purpose of operating the fonnn. SUch <br />allocations are based on a formula an:i are charged to the states <br />annually. <br /> <br />(41 <br /> <br />In=me Taxes <br /> <br />'lhe Fonnn is an organization fonned by the seven Colorado River <br />Basin states an:i as a quasi gove:rnmental organization is not subject <br />to income taxes. <br /> <br />(51 <br /> <br />Deferred state Allocation <br /> <br />'!he deferred state allocation of $10,945.00 is a payment received in <br />June 1990 for the 1990-1991 fiscal year, acx:ordingly, such will he <br />recognized as revenue during the year ending June 30, 1991. <br />