PROJ00309

• Contract/PO #: C153529
• Contractor Name: Ish Reservoir Company
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Bill Number: SB 88-30
• Loan Projects - Doc Type: Feasibility Study

CC:';PILED

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Al'INUAL REPORT

OF THE SECRETARY OF THE ISH RESERVOIR COMP~~

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FOR THE YEAR ENDED JANUARY 31, 1987

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ASSETS

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Cash balance, January 31, 1987
1985 Big Thompson carrying charges due
1986 Assessments due
1985 Assessments due
1984 Assessments due
1983 Assessments due
Reservoir and ditches at cost of construction

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LIABILITIES fu'~ EXCESS OF
ASSETS OVER LIABILITIES

Capital stock
Wichita Bank loan

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Excess of assets over liabilities

Total liabilities and excess of assets over liabilities

$ 19.253.61
433.50
540.00
425.00
350.00
170.00
141,351.93.1

$162.524_04

$ 60,000.00 2
67,145.00'
127,145.00
35,379.04

$162.524.04

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RECEIPTS

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Cash on hand, February I, 1986
Deposits:
Stock assessment
Stock transfers
Dividends
Big Thompson carrying charges
Interest income

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Total receipts

EXPENDITURES

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Superintendent's salary
Extra labor
FICA taxes
Superintendent's mileage
Telephone
Supplies
Repairs and maintenance
Liability insurance
State compensation insurance
Interest on Wichita Bank loan
C Stock
Accounting fees
REA
Weed spraying
Principal payment of ~ichita Bank loan
Secretary's salary
President's expenses
Feasibility study
Flowers

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Total expenditures

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Cash on hand, January
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31, 1987

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Current Fair Market Value for an acre foot of
storage 1s $1,500.00;
$1,500 x 3400 A' = $5,100,000.00

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IS-year loan

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A-22

$ 17,775.81
60.00
1,704.89
5,748.21
1,363.63

5,571.00
821.57
963.11
1,951.44
27.18
329.75
11,681. 99
4,340.00
460.00
5,131.50
536.84
260.00
120.00
393.26
6,444.00
500.00
23.88
175.00
26.40

$ 32,357.99

26,652.54

39,756.92

$ 19.253.61