Mountain View Ice Arena Inc.

“REBATES 126 TOTAL 126”

“Expenses advertising 144 office supplies 149 loan interest 6,198 insurance 5,549 repairs and maintenance 11,667 janitorial supplies 1,141 non-investment depreciation 18,593 total 43,441”

“Prior years expense error -687”

“Equipment 179,570 180,177 less accumulated depreciation 89,537 97,026 office equipment 2,507 2,507 less accumulated depreciation 2,286 2,349 total 90,254 83,309”

“Accounts payable and accrued expenses 836 737 lt note payable 118,087 104,728”

“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.”