Mountain View Ice Arena Inc.

“Expenses advertising 144 office supplies 688 loan interest 3,414 insurance 10,457 repairs and maintenance 12,696 janitorial supplies 1,294 dues 1,000 michigan annual fee 40 music license 287 hockey broadcasting fee 124 bank charges 167 non-investment depreciation 19,022 total 49,333”

“Equipment 185,086 188,280 less accumulated depreciation 105,043 113,345 office equipment 2,507 2,507 less accumulated depreciation 2,412 2,475 total 80,138 74,967”

“Accounts payable and accrued expenses 783 499 lt note payable 77,236 45,063”

“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.”