Mountain View Ice Arena Inc.

“Expenses advertising 545 office supplies 152 loan interest 7,243 insurance 6,281 repairs and maintenance 8,067 fuel 2,469 janitorial supplies 2,162 license and dues 248 vending cost of sales 57 contracted services 3,100 bad debt 50 non-investment depreciation 19,653 total 50,027”

“Equipment 179,570 179,570 less accumulated depreciation 82,058 89,537 office equipment 2,507 2,507 less accumulated depreciation 2,223 2,286 total 97,796 90,254”

“Accounts payable and accrued expenses 1,924 835 lt note payable 0 118,087 mortgage and other notes payable 147,292 0”

“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.”