Mountain View Ice Arena Inc.

“Vending machine cost of goods sold 692 red wing alumni game cost of goods sold 10,712 expenses advertising 49 office supplies 1,102 loan interest 10,282 insurance 5,364 repairs and maintenance 27,346 small equipment 2,349 fuel 2,132 janitorial supplies 794 license and dues 256 meals for meetings 277 snow removal 120 non-investment depreciation 12,687 total 74,162”

“Accounts payable and accrued expenses 267 1,808 mortgage and other notes payable 188,564 170,187”

“Changes in the fund balance resulted in changes to the depreciation lapse”

“To provide and maintain a facility for youth and adult hockey organizations, youth and adult figure skating organizations, hockey tournaments and community free skating for all area residents.”

“We manage the ice arena facility for all the local hockey associations including the high school teams in addition to our figure skating clubs, and free skate time for our community residents. We organize the ice time and rental fees, manage the quality of the ice for all the skate times and tournaments, manage all the utilities and maintenance and repairs on the building. We also rent our facility for various community events.”

“Depreciation provides a means to assess the life remaining on the equipment and buildings listed as assets.”