C150161 Feasibility Study

• Contract/PO #: C150161
• Contractor Name: Greeley and Loveland Irrigation Company
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Loan Projects - Doc Type: Feasibility Study

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THE GREELEY AND LOVELAND IRRIGATION COMPANY
Greelev. Colorado
Statements of Operations and Chanaes in Retained Earnings
For The Years Ended October 31. 2002 and 2001

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2002

2001

Net Income (Loss) Before Income Taxes

(21,925)

(26,207)

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Income Taxes (Note 5)

6,484

8,833

Net Income (Loss)

(15,441)

(17,374)

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Retained Earnings - Beginning of Year

1,271,826

1,289,200

Prior Period Adlustment (Note 6)

(50,000)

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Retained Earninas - End of Year

1,206,385

1,271,826

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The accompanying notes are an integral part of these financial statements.

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Exhibit 2

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