Low Line Ditch Company

“Miscellaneous income 1,888 total 1,888”

“Expenses interest 517 ditch cleaning & repair 7,991 other ditch rider expense 1,196 lift pump electricity 2,034 insurance 1,947 other expenses 818 telephone 312 dues and publication 250 well monitor 517 total 15,582”

“Accounts receivable 1,483 2,517 hea capital credits 2,249 2,216 stock investment - ne co water coop 2,000 2,000 water decree costs 215,202 215,202 total 220,934 221,935”

“Accounts payable and accrued expenses 741 1,221 accrued interest payable 681 460 payroll taxes payable 5 296 current portion - colorado water 9,611 9,852 notes payable - long term 19,949 10,098 support and revenue for future perio 2,249 2,216”

“The purpose of the organization is to set and collect assessments for the repair and maintenance of an irrigation ditch and to facilitate the funding and filing of well water augmentation plans.”

“The organization's assets are irrevocably and permanently dedicated to the process of facilitating and funding the filing of well water augmentation plans; providing a framework for the approval and use of water wells, recharge designs for the members, and obtaining the necessary authorizations for members use of their water wells. In addition, the organization sets and collects assessments for the repair and maintenance of an irrigation ditch in delivering water to 11 landowner/shareholders representing 320 shares of stock.”