Low Line Ditch Company

“Tall grass - dewatering 24,000 miscellaneous income 2,126 total 26,126”

“Expenses interest 2,668 spillway project 75,557 ditch cleaning & repair 21,557 engineer expense 3,836 water accounting 2,400 lift pump electricity 2,103 insurance 1,577 recharge accretion fee 1,484 other ditch rider expense 1,368 telephone 500 dues and publication 175 other expenses 129 investment depreciation 12,395 total 125,749”

“Accounts receivable 3,019 4,053 hea capital credits 1,549 1,740 stock investment - ne co water coop 0 2,000 total 4,568 7,793”

“Accounts payable and accrued expenses 0 2,027 accrued interest payable 2,624 2,450 payroll tax liabilities 145 0 current portion - colorado water 7,508 7,696 notes payable - long term 106,168 98,472 support and revenue for future perio 1,549 1,740”

“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 10 landowner/shareholders representing 320 shares of stock.”