C150313 Feasibility Study

• Contract/PO #: C150313
• Contractor Name: Huerfano-Cucharas Irrigation Company
• Contract Type: Loan
• Water District: 16
• County: Huerfano
• County: Pueblo
• Loan Projects - Doc Type: Feasibility Study

Huerfano-Cucharas Irrigation Company
Operating Statement
(in thousands)
12 mos 12 mos 12 mos 12 mos 12 mos 12 mos
Timeline 2010 2011 2012 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 2013 2014 2015
Revenue:
Member Assessments 464 500 1,250 3,000 - - - 3,000 1,250 1,250
Other - - - - - - - - -
Total Revenue 464 500 1,250 3,000 - - - 3,000 1,250 1,250
Operating Expenses:
Service Equip, repairs & mtc 27 5 6 1 2 2 1 6 6 7
Construction Equip - rental 35 60 63 52 6 1 7 66 70 73
Material 91 13 13 4 6 2 2 14 15 15
Sub-contractor work - 55 58 50 9 2 - 61 64 67
Employees 40 46 49 9 14 14 14 51 54 56
Insurance 16 27 28 7 8 8 8 30 31 33
Professional fees 126 55 42 11 11 11 11 44 46 49
Other operating expenses 114 - - - - - - - - -
Depreciation 2 28 48 12 125 125 125 386 495 495
Total Operating Expenses 451 290 308 147 180 164 167 658 781 795
Gain (Loss) from operations 13 210 942 2,853 (180) (164) (167) 2,342 469 455
Other income (expense)
Interest (expense)- (32) (147) (99) (98) (97) (96) (389) (375) (367)
Other income (expense)- - - - - - - - - -
Total other income (expenses)- (32) (147) (99) (98) (97) (96) (389) (375) (367)
Income 13 178 796 2,755 (278) (261) (263) 1,953 94 88
Member Capital information (not in thousands)
Number of Member shares 5,932 5,932 8,932 8,932 8,932 8,932 8,932 8,932 8,932 8,932
Member assessment per share 78$ 84$ 140$ 336$ -$ -$ -$ 336$ 140$ 140$
Additional Member shares sold
Price per Member share
Confidential 10/9/2010 Page 2