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<br />TABLE 7 <br />LOUDEN IRRIGATING CANAL AND RESEROVIR COMPANY ASSESMENTS <br /> <br /> <br />2008 $ 130 <br />2007 $ 120 <br />2006 $ 120 <br />2005 $ 105 <br />2004 $ 75 <br />2003 $ 50 <br />2002 $ 50 <br />2001 $45 <br />2000 $ 45 <br />1999 $5 <br /> <br />The financial condition of the company is solid at the present time. The company has no long term <br />obligations. <br /> <br />Table 8 shows the cash flow and annual financial schedule for the Company's operations which <br />includes the proposed $260,782 CWCB loan at 3.5 % interest over a 30-year repayment period. The <br />schedule also includes the 10% share of the project which will have to be paid by the stockholders <br />during design and construction. <br /> <br />Table 8 shows the assessment that is levied on 600 shares of stock for normal O&M expenses <br />(column 1); the assessments on 600 shares of stock (column 2) for the rehabilitation ofRist-Benson <br />Reservoir; and the revenue from special assessments and other income sources are shown in column <br />(4). The expenses for operation and maintenance are shown in column (5). <br /> <br />Column (11) entitled "Income Minus Expenses" is the sum of all revenue and expenses for that year <br />with the "Cash Balance" (column 12) being the sum of the previous year's "Cash Balance" plus the <br />current years "Income Minus Expenses". The assessments are established in Table 8 to provided for <br />a positive cash flow each year (column 11) or a minimum cash balance greater than $41,520 in <br />column (12). This is approximately 30% of their normal operation expenses and should be an <br />adequate reserve. <br /> <br />Rist-Benson Feasibility Study <br /> <br />Page 14 <br />