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<br /> <br />TUNNEL WATER COMPANY, INC" <br />STATEMENTS OF FINANCIAL POSITION <br />November 30, 1999 and 1998 <br /> <br />1999 <br /> <br />1998 <br /> <br />ASSETS <br /> <br />CURRENT ASSETS: <br />Cash <br />Assessments receivable, Water Supply <br />& Storage Company, Inc. <br />Accounts receivable <br />Prepaid insurance <br />Total current assets <br /> <br />Less accu~ulated depreciation <br />Total property and equipment <br /> <br />$ 26,993 19,130 <br /> 5,000 <br /> 130 70 <br /> 744 862 <br /> 27,867 25,062 <br /> 360,582 360,582 <br /> 37,727 37,727 <br /> 1,332 1,332 <br /> 24,738 24,738 <br /> 39,601 39,601 <br /> 463,980 463,980 <br />(292,106) (285,153) <br /> 171,874 178,827 <br />$199,741 203,889 <br /> <br />PROPERTY AND EQUIPMENT (NOTE 1): <br />Land, easements, reservoirs and ditches <br />Buildings <br />Furniture and fixtures <br />Transportation equipment <br />Machinery and equipment <br /> <br />. <br /> <br />TOTAL ASSETS <br /> <br />. <br /> <br />LIABILITIES AND NET ASSETS <br /> <br />. <br /> <br />CURRENT LIABILITIES: <br />Accrued payroll taxes <br />Accounts payable, Water Supply & Storage <br />Company, Inc_ <br />Accounts payable, other <br /> <br />Total current liabilities <br /> <br />$ 271 <br /> <br />115 <br /> <br />. <br /> <br />847 <br />2,428 <br />3,546 <br /> <br />1,290 <br /> <br />1,405 <br /> <br />I <br /> <br />~ <br /> <br />NET ASSETS: <br />Capital stock, no par value, authorized <br />and issued 450 shares <br />Unrestricted operating <br /> <br />196,195 <br /> <br />202,484 <br /> <br />. <br /> <br />TOTAL LIABILITIES AND NET ASSETS <br /> <br />$199,741 <br /> <br />203,889 <br /> <br />, <br /> <br />. <br /> <br />See accompanying notes to financial statements. <br /> <br />I <br />