<br /> THE fORT LYON CANAL COMPANY
<br /> 1978 STATEMENTS OF REVENUES, EXPENSES &
<br /> CHANGES IN RETAINED ASSESSMENTS
<br /> FOR YEAR ENDED OCTOBER 31, 1993
<br /> WJTH COMPARATIVE TOTALS FOR OCTOBER 31,1992
<br /> BUILDING
<br /> CURRENT & EQUIPMENT
<br /> FUNDS FUND 1993 1992
<br /> REVENUES:
<br /> CUrrent Assessment, $7,50 per share $ 704,921 $ 0 $ 704,921 $ 916,397
<br /> Additional Assessment. $2,00 per share 187,979 0 187,979 187,978
<br /> Cost Share, Amity 51,519 0 51,519 93,669
<br />R Interest 19,405 0 19,405 20,801
<br /> Oil &Gas 0 0 0 17
<br />'I. Other 10,877 0 10,877 2,900
<br /> TOTAL REVENUES 974,701 0 974,701 1,221,762
<br /> MAINTENANCE & DELIVERY EXPENSES:
<br /> Personnel 368,654 0 368,654 440,278
<br /> Professional Services 37,118 0 37,118 32,078
<br /> Utilities & Petroleum Products 71,918 0 71,918 80,521
<br /> Repairs & Maintenance 148,612 0 146,612 144,611
<br /> Other Expenses 54,596 0 54,596 102,034
<br /> TOTAL EXPENSES 678,898 0 678,898 799,522
<br /> EXCESS OF REVENUES OVER
<br /> MAINTENANCE & DELIVERY EXPENSES 295.803 0 295,803 422,240
<br /> Purchased Water Used (263,200) 0 (263,200) (92,904)
<br /> Depreciation 0 (74,260) (74,260) (72.258)
<br /> EXCESS OF REVENUES
<br /> OVER EXPENSES 32,603 (74,260) (41,657) 257,078
<br /> CHANGES IN RETAINED ASSESSMENTS:
<br /> Beginning Balance 600,063 1,751,650 2,351,713 2,094,635
<br /> Net Equipment Transfers (69,706) 69.706 0 0
<br /> ENDING BALANCE $ 562.960 $ 1,747,096 $ 2,310,056 $ 2,351.713
<br />
<br />The accompanying nates ta financial statements
<br />are an integral part af these statements.
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