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UPPER PLATTE AND BEAVER CANAL COMPANY
<br /> STATEMENT OF INCOME AND CHANGES IN RETAINED EARNINGS
<br /> For the Year Ended January 31
<br /> 2013 2012
<br /> (Compiled) (Compiled)
<br /> Income
<br /> Miscellaneous $26,912 $8,208
<br /> Stock Transfers $975 $375
<br /> Water Assessments $308,730 $334,038
<br /> 1336,017 $342,021
<br /> Total Income
<br /> Operating Expenses
<br /> Advertising $9 $9
<br /> Audit fees $225 $225
<br /> Augmentation site repair $0 $0
<br /> Auto&pick up expenses $23,046 $21,290
<br /> Chemicals $20,449 $7,556
<br /> Depreciation $5,911 $5,911 _.
<br /> Directors'fees 512,375 $12,650
<br /> Engineering $0 $20,753
<br /> Insurance $7,168 $6,779
<br /> Interest expense $642 $931
<br /> Land lease $8,688 $8,949
<br /> License and fees $0 $130
<br /> Membership overpayments $8,406 $2,217
<br /> Membership fees $1,270 $1,620
<br /> Office expense $995 $844
<br /> Payroll taxes $2,343 $2,312
<br /> Professional fees,accounting $1,225 $1,225
<br /> Professional fees, legal $30,302 $127,974
<br /> Professional fees,water accounting $10,700 $10,700
<br /> Publications $130 SO
<br /> Rent $4,500 $4,500
<br /> Repairs and maintenance $12,078 $44,797
<br /> Salaries and wages $30,772 $30,365
<br /> Telephone $2,634 $2,605
<br /> Utilities $147 $136
<br /> Water assessments $10,000 $13,598
<br /> Water lease expense $9,463 $3,200
<br /> Total operating expenses $203,477 $331,277
<br /> Net Income(loss)from operations $133,140 $11,344
<br /> Interest income $164 $372
<br /> Net income(loss) $133,305 $11,716
<br /> Retained Earnings,January 31,2012 $374,374 $362,658
<br /> Retained Earnings,January 31,2013 $507,679 $374,374
<br /> See accountant's compilation report and accompanying notes to the financial statements
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