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<br />Table 3. UNION DITCH COMPANY; TYPICAL FUTURE YEAR BUDGET
<br />March 3, 2004
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<br />OPERATING REVENUE
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<br />Low Side Estimate
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<br />Total balance forward
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<br />$8,000
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<br />$11,000
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<br />Assessment = $225
<br />Well Surcharge = $450
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<br />Assessment = $265
<br />Well Surcharge = $500
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<br />Receipts
<br />Shareholder assessments
<br />Union plan well surcharge
<br />Running charge
<br />Interest
<br />Stock transfers
<br />Crossing/development fees
<br />Latham filling charge
<br />Central/SPWUA use of ditch
<br />Rent Reservoir water to Union
<br />Drainage fees
<br />Income tax refunds
<br />Late fees
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<br />$56,250
<br />18,000
<br />550
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<br />7,000
<br />7,000
<br />5,000
<br />3,500
<br />500
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<br />$66,250
<br />20,000
<br />550
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<br />o
<br />7,000
<br />7,000
<br />5,000
<br />3,500
<br />500
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<br />Total balance forward and receipts
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<br />$97,800
<br />$105,800
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<br />$109,800
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<br />Total receipts
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<br />$120,800
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<br />EXPENSES AND DEBT SERVICE
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<br />Low Side Estimate
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<br />Disbursements
<br />Salary - Superintendent
<br />- President
<br />- Secretary
<br />Pickup expense - gas
<br />Director fees
<br />Annual/special meetings
<br />Office
<br />Ditch expense
<br />FICA - company share
<br />Day labor
<br />Accountant
<br />Attorney/Legal - general
<br />Engineering - general
<br />Insurance
<br />Herbicide/anhydrous
<br />Phone
<br />Union Reservoir assessments
<br />Pickup lease/license plates/insurance/maintenance
<br />Director meetings
<br />Recharge Project
<br />- Operating/Accounting expense
<br />- Maintenance expense
<br />- Annual loan obligation (+ 10% loan reserve)
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<br />Total disbursements
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<br />$32,500 $32,500
<br />2,200 2,200
<br />6,500 6,500
<br />2,500 2,500
<br />800 800
<br />250 250
<br />650 650
<br />12,500 12,500
<br />3,175 3,175
<br />2,000 2,000
<br />1,000 1,000
<br />5,000 5,000
<br />0 0
<br />4,750 4,750
<br />600 600
<br />600 600
<br />0 0
<br />2,500 2,500
<br />0 0
<br />2,000 4,000
<br />2,000 4,000
<br />12,350 16,265
<br />$93,875 $101,790
<br />$11,925 $19,010
<br /> Page 13
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<br />Total balance forward and receipts
<br />less disbursements
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<br />Union Ditch Company
<br />Recharge Project Feasibility Study
<br />March 2004
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