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• <br /> • <br /> i <br /> UPPER PLATTE AND BEAVER CANAL COMP UPPER PLATTE AND BEAVER CANAL COMPANY <br /> BALANCE SHEET STATEMENT OF INCOME AND CHANGES IN RETAINED EARNINGS <br /> As of January 31 For the Year Ended January 31 <br /> 2014 2013 2014 2013 <br /> ASSETS (Compiled) (Compiled) <br /> piled) (Compiled) <br /> Curren)Assets Income <br /> Cash in Bank $76104 $771605 Miscellaneous $22,932 $26,912 <br /> AccouMa Receivable $0 $O Stock Transfers $1,125 ®975 - <br /> Total Current Assets $75,104 6171,605 Water Assessments $281,61 $336,617 <br /> Property end Equipment Total Income ..-' <br /> Buildings and Improvements $345,773 $245871 <br /> Machinery and Equipment $1,033 $1,033 _ Operating Expenses <br /> JW Augmentation Site 583,174 $03,174 Advertising $64 $9 <br /> Accumulated rre <br /> Accumulated Depep reciation ($148,494) $142,582) Audit fees $225 $225 <br /> Land $261,486 $167,496 Augmentation site repair $619 $0 <br /> $921 $921 Auto 8 pick up expenses $16,227 $23,046 <br /> Total Property and Equipment $262,407 5168417 Chemicals $20,580 $20,449 <br /> Other Assets Depredation $5,911 ' $5,911 <br /> RNerside Reservoir $188,775 9186775 Directors'fees $10,375 $12,375 <br /> Jackson Lake Reservoir $48,135 $48139 Engineering $23,259 $0 <br /> Morgan Prewla Reservoir $14,750 514,750 Insurance $7,686 97.168 <br /> Priority Rights;District One 955,000 $555$00 Interest expense $201 $642 <br /> x18,8 <br /> Total Other Assets $308,664 $ 84 Casual lease $13,592 $8,688 <br /> Total Assets $844,175 9648886 Membership overpayments $0 $8,406 <br /> Membership fees 51,504 91,270 <br /> Office expense $1510 $995 <br /> LIABILITIES AND STOCKHOLDERS EQUITY Payroll taxes $3,328 $2,343 <br /> Curren Liabilities Professional fees,accounting $1,265 $1,225 <br /> Professional fees,legal $21,355 $30,302 <br /> Accrued Payroll Taxes $654 $122 Professional lees,water aaruunting $10,700 $10,700 <br /> Current Portion of Long Tenn Debt ..$0 17.489 ' Publications $136 $130 <br /> Prepaid Assessment $13,065 $11,408 Reimbursements $13,548 $0 <br /> Total Current Liabilities $13,718 $19,019 Rent $4.500 $4,500 <br /> Long Term Liabilities Repairs and maintenance $32,356 $12,078 <br /> Notes Payable less current portion SO 91,435 Salaries and wages $43,375 $30772 <br /> Total LiatMies $13,719 $20,453 Tl $160 Telephone , <br /> $2,480 $$147 <br /> Stockholders'Equity Water assessments $15,748 $10,000 <br /> Common stock,1,187438 shares Issued Water base expense $3,250 $9,463 <br /> and outstanding,staled value$100 $116554 5118,554 <br /> Retained Earnings $511,902 $507,879 Total operating expenses $254,955 $203,477 <br /> Total Stockholders'Equity $830,456 $626,233 <br /> Total Liabilities and Stockholders'Equity $844,175 5648,686 Net Income(loss)from operations $8,885 $133,140 <br /> Interest income $39 $154 <br /> Donations ($2,500) $0 <br /> Net Income(loss) $4,224 $133,304 <br /> Retained Earnings,January 31,2013 $507,679 $374,375 <br /> Retained Eaminge.January 31,2014 $511,902 $507,679 <br /> See accountant's compilation report and accompanying notes to the financial statements. <br /> See aa0unbnts compilation report and accompanying rotes to the financial statements. <br /> Ape 3 Page 4 <br />