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<br />estimated value of the fixed assets is $334,186.00 as shown on the <br />balance sheet in Table II-B. S~mmit does not own any machinery or <br />vehicles. A mobile home and assorted out buildings are owned by <br />Summit fOr use by the ditch rider. <br /> <br />Table II-C lists the canals and reservoirs owned by Summit. <br />The facilities were initially p~t into service between 1890 and <br />1915. Puett Reservoir is in good shape; Joe Moore Reservoir is <br />presently adequate but some imp~ovements may be required in the <br />~ext ten years. Summit Reservoir has structural deficiencies _ <br />which are the purpose of this feasibility study. The deficiencies <br />and improvements are described in Chapter V. <br /> <br />The ditch system is quite extensive, particularly the inlet <br />canals to the reservoirs. Gene~a1lythe ditches are in adequate <br />condition with the exception of specific locations that could use <br />improvement. SCS has identified some of these sites in ,earlier <br />reports. Summit is making improvements continuously. <br /> <br />Summit <br /> <br />Assets <br />Accounts Receivable <br />Cash in Bank <br />Cash on Hand <br />"Cn Stock <br />Total <br />Fixed Assets <br /> <br />Liabili ties <br />FICA Payable <br />Wichita Bailk <br />Total <br /> <br />Capital and Retained <br />Earnings <br /> <br />Summit <br /> <br />Facility Name <br />Turkey Creek Ditch <br />Lost Canyon Ditch <br />Summit Ditch <br />South Main Ditch <br />Camp Di tch <br />Joe Moore Reservoir <br />Summit Rese~voir <br />Puett Reservoir <br /> <br />Table II-B <br />Reservoir and Irrigation <br />,Balance Sheet <br /> <br />Company <br /> <br />1981 <br />$ 309.00 <br />1,601.02 <br />0.00 <br />2,403.99 <br />4,314.01 <br />334,186.00 <br />$338,500.01 <br /> <br />1982 <br />$ 1,675.00 <br />9,713.05 <br />2,238.94 <br />2,877.61 <br />$ 16,504.60 <br />334,186.00 <br />$350,690.69 <br /> <br />$ 937.13 <br />35,950.00 <br />$ 36 , 887 . 13 <br /> <br />$ 8'92.17 <br />33,327.00 <br />$34,219.17 <br /> <br />301.612.88 <br />$338,500.01 <br /> <br />$316,471.43 <br />$350,690.60 <br /> <br />Table II-C <br />Reservoir and Irrigation <br />Physical Assets <br /> <br />Company <br /> <br />Description <br />16 miles/ <br />4 miles/ <br />7 miles/40,cfs <br />2.3 miles <br />1.8 miles <br />304 AF <br />4800 AF <br />2285 AF <br /> <br />Initial Service <br />1890 <br />1913 <br />1905 <br />1905 <br />1905 <br />1907 <br />1907 <br />1905 <br /> <br />-9- <br />