Low Line Ditch Company

“Miscellaneous income 2,355 total 2,355”

“Expenses interest 1,871 water accounting 2,500 lift pump electricity 2,334 insurance 1,890 engineer expense 3,750 ditch cleaning & repair 8,673 other ditch rider expense 55 other expenses 600 dues and publication 100 telephone 252 bank charges 3 total 22,028”

“Accounts receivable 2,528 4,405 hea capital credits 2,040 2,076 stock investment - ne co water coop 2,000 2,000 water decree costs 215,202 215,202 total 221,770 223,683”

“Accounts payable and accrued expenses 1,262 2,203 accrued interest payable 1,904 1,713 current portion - colorado water 8,288 8,495 notes payable - long term 74,211 65,716 support and revenue for future perio 2,040 2,076”

“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.”