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2:53 PM Oligarchy Irrigation Company <br />1D115113 Profit & Loss <br />Accrual Basis January through December 2012 <br />Page 1 <br />Jan - Dec 12 <br />Ordinary Income/ Expense <br />Income <br />Stock Assessments <br />15,690.55 <br />Distributions <br />2,689,38 <br />-- <br />Reimbursed -Expenses _ -.. -. -.. .._. .. .. <br />.... ........ :..: :. .. <.. ..,_. .. ... .. ... .., <br />City of Lon%tnont - <br />Union Reservoir Share Exp. <br />33,66738 <br />Lower Oli, Supt, <br />125.00 <br />Reimbursed Expenses - Other <br />1,253.98 <br />Total Reimbursed Expenses <br />83,374.90 <br />Stock Transfer Fees <br />Less Secretary Fee <br />- 400.00 <br />Stock Transfer Fees - Other <br />400.00 <br />— <br />Total Stock Transfer Fees— <br />0.00 <br />Burch Lake Recreation Lease <br />6,323.00 <br />General Dividend <br />386.00 <br />Total Income <br />108,463.83 <br />Gross Profit <br />108,463.83 <br />Expense <br />Bank Service Charges <br />Payroll Service Fee <br />17.00 <br />Bank Service Charges - Other <br />- ......__ — 30.00 <br />w - <br />Total Bank Service Charges <br />. -- 47.00 <br />Cleaning <br />1,599.17 <br />Depreciation Expense <br />4,908.00 <br />Director Fee <br />50.00 <br />Dues and Subscriptions <br />50.00 <br />Insurance <br />D. & 0. Liability Ins. <br />821.00 <br />Liability Insurance & D. & O. <br />1,328.00 <br />Work Comp <br />1,220.50 <br />-- <br />Total insurance <br />3,369.50 <br />Licenses, Permits, & Filing <br />10.00 <br />Machine Hire <br />Ditch Cleaning <br />260,00 <br />Total Machine Hire <br />260.00 <br />Office Rent & Telephone <br />366,60 <br />Office Supplies <br />37.14 <br />Payroll Expenses <br />Superintendent Salary <br />17,255.33 <br />Secretary Salary <br />3,110.54 <br />Labor Expense <br />225.00 <br />Total Payroll Expenses <br />20,590.87 <br />Payroll Taxes <br />FICA <br />1,276.56 <br />Medicare <br />298.55 <br />�- _— �-------- W1,575.11 <br />Total Payroll Taxes <br />Postage and Delivery <br />85.26 <br />Professional Fees <br />Engineering Services <br />Burch Lake Eng. <br />495.00 <br />Engineering Services - Other <br />1,070.63 <br />Total Engineering Services <br />1,565.63 <br />Accounting <br />212.50 <br />Legal Fees <br />4,011.00 <br />Page 1 <br />