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2:12 PM Lower ArKansas Water Management Assoc._ -ion
<br />10119/12 Balance Sheet
<br />Cash Basis As of October 19, 2012
<br />Oct 19, 12
<br />ASSETS
<br />11,796,002
<br />Current Assets
<br />Checking/Savings
<br />30,000
<br />Checking (VSB 00 879 0)
<br />2,818
<br />CWCB Repayment Account (029567)
<br />744
<br />FNB Open Int Account (CWCB Reserve Account)
<br />58,267
<br />Money Market (VSB 06 005 5)
<br />65,444
<br />Total Checking/Savings
<br />127,272
<br />Accounts Receivable
<br />17,200
<br />'Accounts Receivable
<br />-12
<br />Total Accounts Receivable
<br />-12
<br />Other Current Assets
<br />3,566,570
<br />C.D.'s - CEB (CDs - Colo -East)
<br />107,256
<br />CD4 - CWCB Acct (FNB - 12207)
<br />16,483
<br />Total Other Current Assets
<br />123,739
<br />Total Current Assets 250,999
<br />Other Assets
<br />11,796,002
<br />Office Equip (Acc. Dep. 4711.10)
<br />Water 1 (Stubbs (purch))
<br />30,000
<br />Water 2 (Abe Peterson (purch))
<br />10,000
<br />Water 3 (Manvel (purch))
<br />6,055
<br />Water 4 (Ft. Bent ( purch))
<br />51,000
<br />Water 5 (XY Purchase)
<br />1,954,595
<br />Water 6 (Manvel (4380 shares))
<br />655,774
<br />Water 7 (Outside XY (1 cfs))
<br />17,200
<br />Water 8 (Highland (3382 shares))
<br />2,971,152
<br />Water 9 (Keesee Right)
<br />2,282,658
<br />Water 913 (Keesee II Purchase)
<br />3,566,570
<br />Well Meters (Acc. Dep. 5062.83)
<br />Wells and Equip (Acc. Dep. 49,788.14)
<br />Total Other Assets
<br />11,545,003
<br />TOTAL ASSETS
<br />11,796,002
<br />LIABILITIES & EQUITY
<br />Liabilities
<br />Current Liabilities
<br />Other Current Liabilities
<br />Accrued Interest Payable
<br />188,699
<br />Accrued Payroll Taxes
<br />732
<br />Total Other Current Liabilities
<br />189,431
<br />Total Current Liabilities 189,431
<br />Long Term Liabilities
<br />CWCB Water Loan 1 (C 153715) 3,373,289
<br />CWCB Water Loan 2 (C 153768) 1,778,368
<br />CWCB Water Loan 3 (C 150150) 1,820,300
<br />CWCB Water Loan 4 (Keesee II Loan) 2,250,969
<br />Total Long Term Liabilities 9,222,926
<br />Total Liabilities 9,412,356
<br />Equity
<br />Opening Bal Equity 2,553,308
<br />Retained Earnings - 385,152
<br />Net Income 215,490
<br />Total Equity 2,383,646
<br />TOTAL LIABILITIES & EQUITY 11,796,002
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