Mountain View Ice Arena Inc.

“Vending machine cost of goods sold 219 red wing alumni game cost of goods sold 4,855 expenses advertising 191 office supplies 1,183 loan interest 10,303 payroll tax penalties & int 682 insurance 5,975 repairs and maintenance 10,185 fuel 2,078 janitorial supplies 669 license and dues 317 meals for meetings 110 snow removal 120 bank charges 286 deposit error 100 non-investment depreciation 16,924 total 54,197”

“Accounts payable and accrued expenses 1,809 131 mortgage and other notes payable 170,187 184,316”

“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.”