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<br />I
<br />I THE JACKSON LAKE RESERVOIR AND IRRIGATION COMPANY
<br />STATEMENTS OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCE
<br /> For the Years Ended December 31.1998 and 1997
<br />I
<br /> 1998 1997
<br />I Revenues
<br /> Assessments (Note 1) $ 85,250 $ 77,500
<br />I State of Colorado lease (Note 2) 7,107 7,107
<br />Public Service storage lease (Note 4) 5,118 5,138
<br />Other 3,662 3,497
<br /> Easements 1,025 25
<br />I Interest 756 1,399
<br />Total Revenues 102,918 94,666
<br />I Expenses
<br />Salaries - Headgale 9,871 13,690
<br /> . Secretary 7,038 .6,738
<br />I - Superintendent 7,501 7,201
<br /> - Bonus 900 900
<br /> - Damtender 3,750
<br /> Repairs and maintenance
<br />I - Dike and diversion dam 14,568 1,521
<br /> - InletlOUUet 4,328 19,976
<br /> - Vehicle 1,979 1,406
<br /> - House and other 842 47
<br />I - Flood damage 5,510
<br />Insurance 7,806 7,420
<br />Directors' fees 5,125 3,475
<br /> Legal 3,898 2,541
<br />I Depreciation 3,079 3,433
<br />Fuel and oil 3,071 3,776
<br />Payroll taxes 2,561 2,198
<br /> Dues 2,000 1,000
<br />I Telephone 1,772 1,605
<br />Accounting 1,760 1,735
<br /> Rent 1,600 1,567
<br />I Utilities - house 1,355 1,351
<br />Weed control 1,043 1,013
<br />Office expense 545 567
<br /> Supplies 519 126
<br />I Taxes and licenses 333 164
<br />Engineering 331 16,048
<br />Utilities - office 168 182
<br /> Advertising 168
<br />I Lease negotiations 155
<br />Miscellaneous 119 57
<br /> Annual meeting 16 17
<br /> Bank charges 14 104
<br />I Conirect labor 200
<br /> : Total Expenses 88,215 105,568
<br />I Revenues in Excess (Deficiency) of Expenditures 14,703 (10,902)
<br /> Fund Balance - Beginning of Year. 178,733 189,635
<br />I Fund Balance - End of Year $ 193,436 $ 178,733
<br />I The accompanying notes are an integral part of these statements.
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