Springdale Ditch Company

“Legal refund 400 pinnacol dividend 215 ditch easements 50 total 665”

“Expenses office expense 754 interest expense 1,026 insurance 7,857 augmentation well expense 1,479 bank fees 8 board fees 600 ditch rider phone 1,483 ditch maintenance 19,238 ditch monitoring 1,266 dues 66 licenses & fees 88 storage rent expense 165 utilities 91 non-investment depreciation 2,825 total 36,946”

“747 other decreases -672 non deductible penalties (672) beginning balance adjustment 747”

“Equipment/depreciable assets 75,414 75,414 less accumulated depreciation 60,643 63,468 payroll tax refund 0 779 total 14,771 12,725”

“Accounts payable and accrued expenses 3,079 0 colo water cons board loan 36,583 35,350”

“The organization was formed to provide and manage a delivery mechanism for agricultural irrigation water to its members, all of whom are located in logan county, colorado.”

“Development of aumentation well and recharge project, including weirs, berms, and related equipment and facilities for replacement of water depletions.”