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<br />..
<br />
<br />I:
<br />
<br />TUNNEL WATER COMPANY, INC.
<br />STATEMENTS OF ACTIVITIES
<br />For the Years Ended November 30, 1999 and 1998
<br />
<br />.:
<br />
<br />1999
<br />
<br />q;
<br />.
<br />
<br />REVENUES:
<br />Assessment income (Note 2)
<br />Lease and rent income
<br />Oil royalty and miscellaneous income
<br />Total revenues
<br />
<br />$ 45,000
<br />1,830
<br />1,307
<br />48,137
<br />
<br />'1
<br />
<br />EXPENSES:
<br />General expenses:
<br />Office salary
<br />Office rent and expense
<br />Payroll taxes
<br />Legal and accounting
<br />Insurance
<br />Commissary supplies
<br />Depreciation
<br />
<br />Total general expenses
<br />
<br />I
<br />
<br />7,271
<br />59
<br />2,873
<br />1,450
<br />3,552
<br />3,064
<br />6,953
<br />25,222
<br />
<br />I
<br />
<br />I
<br />
<br />Tunnel expenses:
<br />Building repairs and expense
<br />
<br />Total tunnel expenses
<br />
<br />1,314
<br />1,314
<br />
<br />I
<br />
<br />
<br />Rawah ditch expenses:
<br />Superintendent
<br />Labor
<br />Travel
<br />Gas and oil
<br />Truck repairs
<br />Machinery repairs
<br />Ditch repairs
<br />
<br />Total rawah ditch expenses
<br />
<br />8,971
<br />12, 122
<br />419
<br />2,476
<br />2,222
<br />962
<br />718
<br />27,890
<br />
<br />Total expenses
<br />
<br />54,426
<br />
<br />CHANGE IN NET ASSETS
<br />
<br />(6,289)
<br />
<br />NET ASSETS, BEGINNING OF YEAR,
<br />UNRESTRICTED OPERATING
<br />
<br />202,484
<br />
<br />NET ASSETS, END OF YEAR,
<br />UNRESTRICTED OPERATING
<br />
<br />$196,195
<br />
<br />See accompanying notes to financial statements.
<br />
<br />1998
<br />
<br />49,500
<br />2,000
<br />963
<br />52,463 /--
<br />
<br />6,764
<br />130
<br />2,487
<br />1,212
<br />3,537
<br />2,907
<br />6,953
<br />23,990
<br />
<br />~
<br />
<br />1,051
<br />1,051
<br />
<br />8,100
<br />10,217
<br />
<br />2,264
<br />472
<br />792
<br />360
<br />22,205
<br />
<br />47,246
<br />
<br /><('-
<br />
<br />5,217
<br />
<br />197,267
<br />
<br />202,484
<br />
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