Low Line Ditch Company

“Miscellaneous income 1,864 total 1,864”

“Expenses interest 2,286 water accounting 3,012 lift pump electricity 3,395 insurance 1,740 ditch cleaning & repair 1,286 other ditch rider expense 188 other expenses 628 dues and publication 315 telephone 252 total 13,102”

“Accounts receivable 3,357 3,215 hea capital credits 1,846 1,981 stock investment - ne co water coop 2,000 2,000 water decree costs 215,202 215,202 total 222,405 222,398”

“Accounts payable and accrued expenses 1,679 2,120 accrued interest payable 2,267 2,091 current portion - colorado water 7,888 8,085 notes payable - long term 90,584 82,498 support and revenue for future perio 1,846 1,981”

“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.”