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<br />. <br /> <br />THE JACKSON LAKE RESERVOIR AND IRRIGATION COMPANY <br /> <br />BALANCE SHEETS <br />December 31. 1998 and 1997 <br /> <br /> ASSETS <br /> 1998 1997 <br />. <br /> Cash in bank $ 29,946 $ 25.742 <br /> Accrued interest rewnue 100 115 <br /> Assessments receivable 55 50 <br /> Prepaid expense 1,433 1,386 <br /> Water decree (Note 3) 2,174 2,174 <br /> Property and equipment (Note 1) <br /> Land and improwments 318,005 313,577 <br /> Equipment 38,399 34,824 <br /> Less accumulated depreciation (31,476) (28,397) <br />. Total Assets $ 358,636 $ 349,471 <br /> <br /> LIABILITIES AND FUND EQUIlY <br /> Liabililies <br /> Accounts payable $ 2,204 $ 484 <br /> Payroll talCBs withheld and accrued 889 1,040 <br /> Deferred rewnue (Note 2) 7,107 14,214 <br />. Total Liabililies 10,200 15.738 <br /> Fund Equily <br /> Capilal stock - 1,550 shares authorized <br /> at $100 par value, 1,550 shares issued <br /> and outstanding 155,000 155,000 <br /> Fund balance 193,436 178,733 <br /> Total Fund Equity 348,436 333,733 <br /> Total Liabilities and Fund Equity $ 358,636 $ 349,471 <br />. <br /> <br />. <br /> <br />The accompanying notes are an.integral part of these statements. <br />-2- . <br /> <br />.------~-- <br />_____""', ___.....lL <br />