The United Water Company

“Crossing/licensing fee 800 total 800”

“Expenses office expenses 122 insurance 1,755 bank charges 120 dues & subscriptions 70 telephone 656 water assessment 92,931 total 95,654”

“Accounts receivable 12,830 20,957 total 12,830 20,957”

“Due to fisher ditch company 0 11,995 payroll liabilities 841 270 unclaimed property 428 428”

“The company qualifies as a mutual ditch company under internal revenue code (irc) section 501(c)(12) and, accordingly, is exempt from federal and state income taxes. Since 2011, the company met the requirement under the internal revenue code to file an exempt tax return since the income received from member assessments was more than 85% of its total income. For the years 2007-2010 it did not meet the criteria to file an exempt tax return since its member assessments income did not meet the 85% threshold. For those years, the company filed as part of the consolidated coporate return of its parent company, xcel energy.”

“All other exempt purpose expenses”