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<br />.
<br />
<br />THE JACKSON LAKE RESERVOIR AND IRRIGATION COMPANY
<br />
<br />STATEMENTS OF REVENUES, EXPENSES, AND CHANGES IN FUND BALANCE
<br />For the YealS Ended December 31.1998 and 1997
<br />
<br /> 1998 1997
<br /> Revenues
<br /> Assessments (Note 1) $ 85,250 $ 77,500
<br />. Slate ot 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 /> Interest 756 1,399
<br /> Total Revenues 102.918 94,666
<br /> Expenses
<br /> Salaries - Headgate 9,871 13,690
<br /> - Secretary 7,038 6,738
<br /> - Superintendent 7,501 7,201
<br /> - Bonus 900 900
<br />. . Damlender 3.750
<br />Repairs and maintenance
<br /> - Dike and diversion dam 14,568 1,521
<br /> . Inlet/Outlet 4,328 19,976
<br /> . Vehicle 1,979 1,406
<br /> - House and other 842 47
<br /> . Flood damage 5.510
<br /> Insurance 7,806 7,420
<br /> Directors' tees 5,125 3,475
<br /> Legal 3,898 2,541
<br /> Depreciation 3,079 3,433
<br /> Fuel and oil 3,071 3,776
<br /> Payrolllaxes 2,561 2,198
<br />. Dues 2,000 1,000
<br />Telephone 1.772 1,605
<br /> Accounting 1,760 1.735
<br /> Rent 1,600 1,567
<br /> Utilities - house 1,355 1,351
<br /> Weed control 1,043 1,013
<br /> Otnce expense 545 567
<br /> Supplies 519 126
<br /> Taxes and licenses 333 164
<br /> Engineering 331 16,048
<br /> UllIl\Ies . otnce 168 182
<br /> Advertlslng 168
<br /> Lease negotiations 155
<br /> Miscellaneous 119 57
<br />. Annual meeting 16 17
<br /> Bank charges 14 104
<br /> Contract labor 200
<br /> Total Expenses 88,215 105,568
<br /> Revenues in Excess (Deftcjency) ot Expenditures 14,703 (10,902)
<br /> Fund Balance - Beginning ot Year 178,733 189,835
<br /> Fund Balance - End ot Year $ 193,436 $ 178,733
<br />. The accompanying notes are aD integral part of these statements.
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