Mountain View Ice Arena Inc.

“Power class 1,350 vending sales 473 stick and puck sales 400 miscellaneous income 162 total 2,385”

“Expenses advertising 144 office supplies 583 loan interest 9,390 insurance 6,166 repairs and maintenance 16,566 fuel 4,260 janitorial supplies 893 license and dues 267 bank charges 5 vending cost of sales 532 late payment penalty 87 non-investment depreciation 19,724 total 58,617”

“Equipment 177,334 179,570 less accumulated depreciation 74,635 82,058 office equipment 2,191 2,507 less accumulated depreciation 2,191 2,223 total 102,699 97,796”

“Accounts payable and accrued expenses 132 1,924 mortgage and other notes payable 184,316 147,292”

“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.”