Low Line Ditch Company

“Miscellaneous income 1,679 total 1,679”

“Expenses interest 2,470 water accounting 3,521 spillway project 3,265 lift pump electricity 2,094 insurance 1,771 engineer expense 1,263 ditch cleaning & repair 1,058 other ditch rider expense 651 other expenses 577 dues and publication 435 telephone 250 total 17,355”

“Accounts receivable 4,053 3,357 hea capital credits 1,740 1,846 stock investment - ne co water coop 2,000 2,000 water decree costs 215,202 215,202 total 222,995 222,405”

“Accounts payable and accrued expenses 2,027 1,679 accrued interest payable 2,450 2,267 current portion - colorado water 7,696 7,888 notes payable - long term 98,472 90,584 support and revenue for future perio 1,740 1,846”

“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.”