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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />E. <br /> <br />D. <br /> <br />Financial Status. The following is a summary of the New Cache La Poudre Irrigating <br />Company's fInancial report for 1992 which is copied in full in Appendix C. This <br />summary shown in the following table includes all income, assets, and liabilities of the <br />New Cache La Poudre Irrigating Company as compiled by James W. Stockover, CPA. <br /> <br />Summary of Financial Reoort <br /> 1991 1992 <br />Total Assets $883,855 $874,787 <br />Total Liabilities $22,124 $192 <br />Stockholders Equity $861,730 $874,595 <br />Total Operating Revenues $262,738 $284,744 <br />Total Operating Expenses $241,760 $262,063 <br />Net Income $20,987 $22,711 <br />Cash, Beginning of Year $3,220 $595 <br />Cash, End of Year $595 $1,337 <br /> <br />Phvsical Assets. The New Cache La Poudre Irrigating Company owns and operates 20 <br />miles of canal. Its' sister company, the New Cache La Poudre Reservoir Company, <br />owns one reservoir. The Company owns water rights on the Poudre River for a <br />cumulative claim of 650 cfs. The Company also owns several pieces of equipment <br />including trucks, pickups, loaders, and other pieces of miscellaneous equipment which <br />are of signifIcant value. <br /> <br />The assets worth of The New Cache La Poudre Irrigating Company is placed at <br />$874,787 as reported in the 1992 Financial Report. <br /> <br />PAGE 2 - Chapter II <br />