Annual reports

(1)

ANNUAL REPORTS

NORTH POUDRE IRRIGATION

COMPANY

(2)

ANNUAL REPORT

The

North Poudre Irrigation

Company

Directors

V. H. Akin---Fort Collins, Colorado J. S. Elder ---Wellington, Colorado E. F. Munroe ... ---·---Fort Collins, Colorado Alex N elson·---~---Fort Collins, Colorado H. D. Spencer _______________________________ , ________ Fort Collins, Colorado

Officers

E. F. 1\-Iunroe ________________________________________________________________ President V. H. Akin _________________________ ---Vice President Stella M. NewelL ... ---·---Secretary Fred J. Barnes---Superintendent

(3)

REPORT

OF THE PRESIDENT

OF

THE NORTH POUDRE IRRIGATION COMPANY

for the Year 1941

Water

Supply:

A number of good and timely rains during the irrigation season this year changed a poor water supply into a better one and enabled us to pull through with a pretty fair crop.

Accumulated snowfall in the high mountains on May 1 was be-low average and the month of May was also dry, so the outlook was poor; but June, July and August brought nine and one-half inches of rainfall, and then we did not need so much storage water. The average rainfall for these three months over a long period of years is six inches.

Total precipitation for the year measured at Wellington was 19.77 inches, which is about five inches above normal.

Maximum storage in our reservoirs was only 18,000 acrefeet, total capacity 50,000 acrefeet. Very few reservoirs in the Poudre Valley were filled to capacity this year. Percentage of fill on a few of the North Poudre reservoirs was:

Fossil Creek Reservoir Halligan Clarks Lake No. 15 Reservoir No. 2 Reservoir 64 per cent 20 per cent 0 per cent 20 per cent 82 per cent

Water supply in 1941 was obtained from the following sources: North Fork of Poudre River

Michigan Ditch, via North Fork Poudre River, via Poudre Valley Canal Poudre River, via Fossil Creek Reservoir Other sources On hand, Jan. 1, 1941 Totals Acrefeet 19,798 3,270 878 8,872 4,620 6,520 43,968

Per cent of Total 45.0 7.5 2.0 20.2 10.5 14.8 100.0 This water was distributed as follows:

Delivered as dividend on 10,000 shares North Poudre stock

Delivered as dividend on 150 Fossil Creek Reservoir Preferred Rights No. 6 Reservoir Exchange

Fossil Creek Reservoir Exchange On hand, Jan. 1, 1942

Losses in storage and distribution Totals Acrefeet 19,475 3,450 2,300 3,692 9,534 5,607 43,968

Per cent of Total 44.3 7.8 6.2 8.2 21.7 12.8 100.0 You will note in the above the very moderate loss of 12.8 per cent, which is due partly to better water measurement, but princi-pally to the numerous rains through the irrigation s ason.

(4)

The irrigation season opened on May 20, closed September 22, ten days later than usual. The water dividend was 2 acrefeet per share (equivalent to 87,120 cubic feet per share.)

Peak flow in the North Fork was on May 24, with 190 secondfeet flowing. Michigan Ditch had a peak flow of 65 second feet on June 21.

Crops:

Yield of crops was generally good over the system in 1941. Hailstorms were rather frequent and widespread, and few farms escaped some damage. A killing frost on September 8 did some damage. Late rains after the irrigation season interfered consider-ably with the beet harvest, but no doubt contributed to the tonnage, which, with one exception, was the best since 1930. We could well have used more water at some time, but in general, we have cause to be thankful.

Following are shown the dates and amounts of water dividends on stock this year :

May 17, Dividend

July 18 Dividend increased to Aug. 2 Dividend increased to Aug. 18 Dividend increased to

The following table shows throughout the season: the

Per cent 1.5 acrefeet per share 75 1.6 acrefeet per share 80 1.8 acrefeet per share 90 2.0 acrefeet per share 100 delivery of irrigation water

Month Acrefeet Per cent

May 1,948 10 June 5,446 28 July 4,124 21 August 3,027 16 September 4,930 25 Totals 19,475 100

MONTHLY PRECIPITATION RECORDS FOR 1941 ARE AS FOLLOWS:

50 Year

Month Wellington Fort Collins Normal

January .75 .61 .32 February .07 .03 .61 March 1.05 1.06 1.02 April 4.27 4.11 2.00 May 1.18 1.33 2.86 June 3.20 1.63 1.53 July 2.97 1.34 1.66 August 3.34 3.02 1.40 September .93 1.13 1.27 October 1.45 1.31 1.10 November .08 .15 .47 December .48 1.19 .46 Totals 19.77 16.91 14.70 4

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ANNUAL PRECIPITATION IN INCHES, MEASURED AT THREE STATIONS Year 1936 1937 1938 1939 1940 1941 Averages Fort Collins 11.79 12.49 19.75 6.51 13.63 16.91 13.51 Wellington 7.93 11.63 16.38 7.20 13.00 19.77 12.65 Buckeye 6.21 11.38 18.58 12.05

•ACREAGE, TON!NAGE, AVERAGE AND HIGHEST YIELD AT EACH BEET DUMP

NORTH POUDRE SYSTEM, 1941 SUGAR BEET CROP

Total Acres and Average Yields Highest Yields

Tons Tons

per per

Station Acres Tonnage Acre Grower Acres Acre

Factory 24.0 273.40 11.39 J. Uhrich, Jr. 19.0 12.51 Fred

Krumdick-Waverly 178.3 2289.21 12.84 F.M. S. Co. 44.3 16.17 Dixon 330.2 4034.20 12.22 C. E. Bennett 11.1 16.45 Wellington 588.4 7312.43 12.43 Leonard W. Reu 14.6 16.07 Barnett 451.9 6016.22 13.31 Harry Hilderman 12.5 15.67 Giddings 255.4 3482.19 13.63 Henry Hartwig 10.0 16.26

Henry

Winick-Kluver 175.8 2695.94 15.33 F. Coutts 15.9 18.77 Black Hollow 99.4 1450.69 14.58 Henry Hankel 17.9 15.35 Buckeye 328.3 4921.24 14.99 Fred Ackerman 38.1 18.12 Totals and

Average 2431.7 32475.52 13.35

Fort Collins Factory average, 1941, 13.33 Tons per acre •ACREAGE AND YIELDS OF BEET CROPS GROWN UNDER

NORTH POUDRE SYSTEM Year 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 Acres 6457 7098 7307 3974 4344 4039 2706 3059 2406 2818.7 2941.9 830.4 2431.7 Total Tons 75224 107547 84053 37351 47912 35553 32364 28765 23695 40464.12 25897.7 9705.41 32475.52 •courtesy, Great Western Sugar Company.

6

Tons per Acre 11.65 15.15 11.50 9.40 11.03 8.80 11.90 9.40 9.84 14.36 8.80 11.68 13.35

(6)

Work Accomplished:

In addition to routine maintenance and flood repairs, the follow-ing jobs were completed:

One concrete and steel siphon on Railroad Lateral, 640 feet long One 12-foot masonry drop, capacity 700 second feet, Clarks Lake Inlet

Fifty Parshall Flumes, completing the installation

Five and one-half miles of dragline work on Main Canal and Reservoirs 6 and 6

Rebuilding of three dikes on Reservoir No. 1

Financial:

As the interest rate on our loan from the Wichita Bank for Cooperatives was reduced from four per cent to three and one-half per cent on March 1, 1941, we saved about $2300.00 in interest this year. ·

The following budget is recommended by the Board for 1942:

Director's per diem .03 per share

Maintenance on Equipment .10 Maintenance .86 Michigan Ditch .46 Operation .60 Ditch Assessments .05 General Expense .10 Legal .08 Miscellaneous .09 Salary .60 Taxes .01 Telephone .04

Total maintenance, operation, etc. Interest on mortgage note Principal on mortgage note Tollage Total assessment 2.80 per share 1.81 per share 1.19 per share .45 per share $6.26 per share Instead of carrying over a large cash balance as we did on Jan-uary 1st last year, we applied $12,600.00 on the principal payment due June 16, 1942 to the Wichita Bank for Cooperatives, otherwise, it would require $2.41 per share for the principal payment in 1942.

E. F. MUNROE, President.

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Water Appropriations and Assessments

Cu. Ft. Acre Ft. Acre Ft. Assessment Year per share per share per acre per share

1912 135,000 3.09 1.03 $ 6.00 1913 126,000 2.87 .96 6.00 1914 160,000 3.44 1.14 7.00 1916 136,000 3.09 1.03 7.00 1916 100,000 2.29 .76 7.00 6 yr. Averages 129,000 2.96 .98 6.40 1917 137,600 3.16 1.06 7.00 1918 106,000 2.41 .80 7.00 1919 60,000 1.16 .38 8.00 1920 130,000 2.98 .97 11.00 1921 163,000 3.74 1.24 8.00 5 yr. Averages 117,100 2.68 .89 8.20 1922 80,000 1.83 .61 6.60 1923 188,000 4.31 1.43 6.60 1924 200,000 4.69 1.63 9.60 1926 110,000 2.62 .84 12.00 1926 202,000 4.63 1.64 6.00 6 yr. Averages 166,000 3.67 1.19 7.90 1927 170,000 3.90 1.30 8.00 1928 200,000 4.69 1.63 8.60 1929 193,000 4.43 1.48 8.26 1930 136,000 3.09 1.03 8.26 1931 113,600 2.60 .87 7.60 5 yr. Averages 162,300 3.72 1.24 8.10 1932 60,000 1.38 .46 7.00 1933 126,000 2.87 .96 4.60 1934 60,000 1.38 .46 6.00 1936 138,000 3.16 1.06 4.26 1936 90,000 2.07 .69 6.00 5 yr. Averages 94,600 2.17 .72 6.36 1937 63,600 1.22 .40 6.76 1938 140,000 3.21 1.07 6.76 1939 113,250 2.6 .87 7.76 1940 32,670 .75 .26 7.26 1941 87,120 2.00 .67 4.00 6 yr. Averages 86,308 1.96 .65 6.30 30 yr. Averages 124,051 2.84 .95 7.04

Under normal conditions, about 1% to 2 acre feet per acre should be an adequate amount of water.

(8)

Cash Statement

RECEIPTS January 1, 1941 Balance ... .

Assessments, 1937-8-9 & Spec •... $ 2.53 Assessments, 1940 ... ... 12,269.63 Assessments, 1941 ... 34,135.54 Assessments, Fossil Creek ... 600.00 Assessments, Old Right ... 25.00 Bank Dividend - Old 1st National ... 106.26 Capital Stock ... 2.64 Interest ... 470.23 Lease 36-9-69 ... 180.00 Leases ... ... 295.00 Refunds, Insurance ... 119.10 Refunds, Tax ... 154.77 Refunds, Materials ... 149.92 Refunds, Telephone ... 25.02 Refunds, Gen. Office ... .. .... 3.00 Transfer Fees ... 30.50 Water Rent ... 207.93 Cement Ale Special ... 685.93 Grable Lateral Ale ... 171.50 Taylor & Gill Stock ... 400.00 Oil & Gas Dividend ... 436.61

DISBURSEMENTS

ColllJnjssary ... 1,216.81 Directors per diem ... 268.71 Ditches & Reservoirs:

Maintenance ... 10,711.06 Maintenance on Equipment ... 785.18 Surveys ... 236.73 Michigan Ditch ... 3,230.84 Operation ... 3, 752.38 Ditch Assessments ... 409.75 Tollage ... 505.78 Equipment ... 500.70 General Office Expense ... 600.92 Interest ... 19,102.96 Lease 36-9-69 ... 64.40 Legal ... 692.46 Notes Payable - Mortgage ... 12,600.00 Rent & Light ... 321.05 Salary ... 4,840.50 Scurvin Ditch ... 40.00 Taxes - Unemployment ... 288.75 Taxes & Insurance ... 398.75 Telephone ... 409.40 Grable Lateral Ale ... 90.10 Cement Ale Special ... 621.47

Less: $61,688.70

Commissary ... $961.38 Rent ... _... 35.00

Telephone ... 13.47 1,009.85 December 31, 1941 Balance in Bank ...

==----8 $11,156.65 50.471.11 $61,627.76 60,678.85 948.91 $61,627.76

(9)

Balance Sheet Statement, December 31, 1941

ASSETS

CURRENT:

Cash First National Bank ... $ Petty Cash ... . Accounts Receivable ... . Notes Receivable ... . Assessments Receivable 1941 ... . Commissary ... . INVESTMENTS:

Stock in Wichita Bank for Cooperatives Stock in other companies ... .

PREPAID EXPENSE: 948.91 10.00 17.79 250.00 6,864.46 579.59 $ 30,500.00 60.00 7,670.75 30,560.00 Insurance ... 201.35 FIXED ASSETS:

Ditches and Reservoirs ... $2,893,277.84 Buildings and Improvements ... 3,003.60

Equipment ... 1,538.98 2,897,820.42 INTANGIBLES:

Priorities & Water Rights ... .

LIABILITIES AND NET WORTH CURRENT:

545,100.00 $3,481,352.52

Accounts Payable Scurvin Ditch ... $ Accrued Interest ... . Accrued Taxes ... . 397.75 852.72 47.56 $ 1,298.03 FIXED:

Note and Mortgage Wichita Bank for Co-operatives ... . NET WORTH:

Capital Stock 10,000 shares

@ $50.00 per share ... 500,000.00 Premium on Capital Stock ... 3,450.00 Capital Surplus ... 2,676,017.01 Surplus arising from Assessment on

Capital stock ... 299,193.47 3,478,660.58 Profit and Loss Deficit ... 521,705.99

623,100.00

2,956,954.49 $3,481,352.52 I have examined the books and accounts of The North Poudre Irrigation Company and hereby certify that the attached Balance sheet fairly sets forth the financial position of the Company for the year ending December 31, 1941.

A. S. ROGERS, Auditor. 9

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RECAPITULATION OF EXPENDITURES FOR YEARS 1932 TO 1941 INCLUSIVE

1932 1933 1934 1936 1!136 1937 1938 1939 1940 1941

Salaries ...•..•...••

•

4,586.00 $ 4,125.00

•

4,125.00 $ 4,050.00 $ 4,5 8.25 $ 4,464.00 $ 4,799.00

'

4,839.00 $ 4,840.50 $ 4,840.50 Attys. fees, Ct. costs ...•• 1,021.00 1,158.84 1,242.30 758.50 827.40 1,234.71 750.00 87.20 35.70 692.46 Taxes, County

...

375.35 301.72 191.82 103.09 93.48 105.62 60.06 51.15 50.75 49.7S Canal Riders

_{. ···}

2,9 6.17 2,97 .30 2,68 .02 3,277.67 3,315.93 2,506.05 3,934. 9 3,386.35 2,680.14 3, 752.38 Telephone

...

415. 1 388.94 377.49 415.30 418.96 361.64 375.60 349.98 363.93 370.91 Directors per diem

...

H .20 365.85 271.15 254.13 3:!7.95 41!UO 324.58 311.25 405.73 268.71 Maintenance

...

3,851.24 3,554.91 4,677.75 5,646. 78 3,595.33 7,515.43 6,784.45 6,814.46 7, 793.85 10,526.14 Expenses

...

1,1 4.00 1,081.83 1,236.08 1,397.62 1,262.67 1,519.43 1,596.52 1,152.91 910.36 1,148.84 Michigan Ditch-Construction

...

17.18 Maintenance

...

3,282.28 3,009.59 1,750.51 3,088.52 2,389.87 1,672.18 3,616.84 2,217.75 1,878.51 3,230.84 Interest

...

29,314.38 28,702.10 28,773.75 28,716.25 28,863.61 23,69:!.80 23,626. 7 25,655.98 21,808.42 19,102.91) Ditch Assessments 325. 4 325.25 337.75 616.13 410.25 682.17 337.25 337.25 409.75 409.75 Perm. Improvements

.

..

1,782.45 144.90 88.44 Canal Enlargement and Tunnel ...••••.•• 500.62 1,295.01 Maintenance on Equipment ...••.•• 1,184.10 902.10 1,203.51 1,502.59 1,121.22 2,056.16 1,230.71 1,055.75 835.92 785.18 Water Tollage

...

202.01 1,647.54 1,784.00 2,809.77 2,694.92 323.43 1,559. 73 3,651.20 304.92 505.78 Water Right and

H.eal Estate

_···

211.50 19 .25 30.50 30.00 6t\6.46 15.00 15.00 40.00 Equipment ... 336.08 341.25 40.00 824.00 1,040.53 1,161.69 83.50 3.36 106.00 600.70 Indebtedne s

Reduced

...

22.000.00 2,400.00 10,000.00 15,000.00 26,900.00 22,300.00 12,600.00 Mi. Cf'llaneous

_{··· ···}

1,223.67 274.00 528.24 1,395.94 3,12 .01 7,462.54 226.00 281.98 236.73 Joe Wright Repairs

....

3,832. 5 17.46 13.50

Extension of Bonds 2,076.53

Damages (Settlement)

..

100.00 76.00

Bond Discount

and Expense ...•• 188.47 165.04 165.03 165.03 765.31

Box Elder Wasteway

...

1,834.99

Refinancing

...

1,420.27 2,572.26

Park Creek

...

4.50 40.58

Fossil Creek Inlet ...• 7,9 6.02 313.08 1,282.52

Scurvin Ditch

_···

9,845.19 32,763.23

So<'ial Security Tax ... 724.00 603.66 630.41 452.69 133.98

Widman Right of Way ... 2,763.71

(11)

ANNUAL REPORT

The

North Poudre Irrigation

Company

Directors

V. H. Akin ... Fort Collins, Colorado J. S. Elder ... Wellington, Colorado E. F. Munroe ... Fort Collins, Colorado Alex Nelson ... l!"'ort Collins, Colorado H. D. Spencer ... Fort Collins, Colorado

Officers

E. F. Munroe ... President V. H. Akin ... Vice President Stella M. N ewell.. ... Secretary Fred J. Barnes ... Superintendent

(12)

REPORT OF THE PRESIDENT OF

THE NORTH POUDRE IRRIGATION

COMPANY

for

the Year 1942

Water

Supply:

Heavy and well distributed rainfall, together with a fairly good snow cover in the mountain watersheds, brought an excellent water supply during 1942.

Precipitation for the year measured at Wellington was 20.45 inches, 5.75 inches above normal. Twelve inches of this fell during the ninety days following April 20th and an additional 5 inches came in mid-October.

Our storage reservoirs were all well filled by June 15th, some of them for the first time in 14 years. As you will note below, the carry-over in 1943 is excellent. Water supply in 1942 was obtained from the following sources:

North Fork of Poudre River Michigan Ditch

Poudre River, via Poudre Valley Canal Poudre River, via Fossil Creek Reservoir Other sources On hand, January 1, 1942 Totals Acre feet 60,004 1,515 19,250 11,113 2,474 9,534 103,890 This water was distributed as follows:

Delivered as dividend on 10,000 shares North Poudre stock

Delivered as dividend on 150 Fossil Creek Reservoir Preferred Rights No. 6 Reservoir Exchange

Fossil Creek Reservoir Exchange "'On hand January 1, 1943 Losses in storage and distribution

Totals Acre feet 37,466 3,450 2,880 7,663 35,464 16,967 103,890 Pe1·cent of Total 58 1 19 11 2 9 100 Percent of Total 36 3 3 7 34 17 100 Irrigation of crops began May 20 and was completed September 19. Free water was delivered to stockholders for a period of seven days at the beginning of the season. The water dividend was 3.65 acrefeet per share which, with the free water, made a total delivery of 3.9 acrefeet ( 170,000 cu. ft.) per share, making 1942 the best year since 1929 for water delivery.

Peak flow in the North Fork was on June 13th with 641 second-feet flowing. Peak flow of the Michigan Ditch was on July 1, being 21 second-feet.

Crops:

Crop yields in 1942 were very disappointing. A violent hail and windstorm on July 20th rais d havoc with all crops in an area three miles wide and over twenty miles long, extending diagonally across • Not including Halligan Reservoir.

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I

the system. A conservatively estimated small-grain crop of 500,000 bushels was just ready for harvest. Three inches of hail lay on th~ ground after the storm and! all crops not destroyed were very severely damaged, and made a poor recovery. Labor shortages at critical times contributed also to the poor showing. Many excellent crops were har-vested on farms outside the hail belt, but, in general, yields of all crops were considerably below average.

MONTHLY PRECIPITATION RECORDS FOR 1942 50 Yeo;r Norma.l Month Buckeye Wellington Fort Collins Fort Collins January . 31 In. . 35 In . .47 In . .32 In.

February .71 .68 .93 .61 March .30 .15 .27 1.02 April 2.74 2.74 3.72 2.00 May 2.33 2,74 2.24 2.86 June 2.52 3.86 2.63 1.53 July 1.56 2.95 .60 1.66 August ,08 .78 .68 1.40 September .80 .58 .59 1.27 October 4.90 5.01 6.78 1.10 November .54 .61 .53 .47 December .46 Totals 16,79 20.45 18.44 14.70

ANNUAL PRECIPITATION IN INCHES, MEASURED AT THREE STATIONS

Year Fort Collins Wellington Buckeye

1936 11.79 7.93 1937 12.49 11.63 1938 19.75 16.38 1939 6.61 7.20 6.21 1940 13.63 13.00 11.38 1941 16.91 19.77 18.68 1942 18.44 20.45 16.79 Averages 14.21 13.76 13.24 3

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*ACREAGE, TONNAGE, AVERAGE AND HIGHEST YIELD AT EACH BEET DUMP

NORTH POUDRE SYSTEM, 1942 SUGAR BEET CROP

Total Acres and Average Yields Highest Yields

Tons Tom

per per

Station Acres Tonnage Acre Grower Acres Acre

Factory 78.6 348.23 4.43 Lee Dixon 5.7 9.27 Waverly 241.8 1,329.62 5.50 Geo. Meyer 15.8 14.61 Dixon 542.6 4,210.86 7.76 Natalie Bender 19.7 16.27

Richard

Wellington 865.8 5,072.96 5.86 Keirnes 28.6 14.04 Barnett 567.1 5,282.41 9.31 Jacob Brunz 13.0 15,91

Solomon and Herman Giddings 352.9 4,248.99 12.04 Blehm 33.2 13.81

Henry

Winick-Kluver 280.2 3,927.59 14.02 F. Coutts 21.8 18.48 Black Hollow 117.3 1,896.21 16.16 Karl G. Weiss 22.2 18.00

Ray L.

Buckeye 495.8 3,360.91 6.7R Randleman 20.7 14.59 Totals and

Average 3,542.1 29,677.78 8.38

Fort Collins Factory average, 1942, 10.78 Tons per acre. • ACREAGE AND YIELDS OF BEET CROPS GROWN UNDER

NORTH POUDRE SYSTEM

Year 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 Acres 6,457 7,098 7,307 3,974 4,344 4,039 2,706 3,059 2,406 2,818.7 2,941.9 830.4 2,431.7 3,542.1

Work

Accomplished:

Total Tons 75,224 107,547 84,053 37,351 47,912 35,553 32.364 28,765 23,695 40,464.12 25,897.7 9,705.41 32,475.52 29,677.78

Tons per Acre

11.65 15.15 11.50 9.40 11.03 8.80 11.90 9.40 9.84 14.36 8.80 11.68 13.35 8.38

Maintenance work has been unusua1ly heavy, and labor and equipment have been very limited. A bad break on the Main Canal in the foothills division occurred in May and addPd about $1800.00 to maintenance costs. At No. 3 Reservoir the outlet tube collapsed in July with 28 feet of water in the reservoir. The tube was a 20-in h iron pipe about 50 years old, and the total repair cost of this job will • Courtesy, Great Western Sugar Company.

(15)

I

run to nearly $4,000.00. A 250 foot slide on the Michigan Ditch was repaired by putting the ditch in a concrete pipe conduit.

Two steel and concrete flood gates were installed at Boxelder Creek diversion.

Financial:

Our budget provided $4500.00 for Water Tollage, but as we had a good river and the only time to get water is when it is available, we felt justified in taking all the water possible, which caused us to expend $9720.46 for tollage. Water in the reservoir is always an asset. As we had several other items of unexpected expense, we were granted a loan from the Wichita Bank for Cooperatives of $12,000.00 for one year at 2¥.!% interest to be used as needed for the following items:

Main Ditch break Michigan Ditch slide Tollage

No. 3 Outlet Tube Total $1,800.00 1,200.00 6,600.00 3,600.00 $12,000,00 To date we have used $8,600.00 of this loan.

The following budget is recommended by the Board for 1943: Principal on Mortgage Note $2.61 per share Principal on Current Note .86 per share

Interest 1. 77 per share

Total Maintenance, operation, etc. 2.80 per share

Tollage .07 per share

Total Assessment $8.00 per share E. F. MUNROE, President.

(16)

Cash Statement

RECEIPTS

January 1, 1942 Balance ... $ 948.91 Assessments, 1941 ... $ 5,827.46

Assessments, 1942 . ... 54,814.24 Assessments, 1942, Fossil Creek ... 600.00 Assessments, 1942 Old Right ... 25.00 Interest ... 252.67 Income, Miscellaneous ... 129.74 Leases ... ... 265.00 Lease 36-9-69 ... 152.50 Notes Payable-Current ... 8,500.00 Oil & Gas Notes ... 20.50 Transfer Fees ... 38.50 Refunds, Maintenance ... 111.59 Refunds, Commissary ... 1.65 Refunds, Telephone ... 2.51 Refunds, Insurance ... 15.88 No. 7 Lateral ... 17.79 Water Rent ... 194.68 70,969.71 $ 71,918.62 DISBURSEMENTS

Directors per diem ... 204.65 Commissary ... 555.33 Ditches & Reservoh·s:

Maintenance ... 9,370.13 Maintenance on Equipment ... 912.65 Michigan Ditch ... 3,839.31 Operation ... 4, 701.42 Tollage ... 9,720.46 Ditch Assessments ... 333.75 General Expense ... 620.06 Interest ... 18,030.56 Legal ... 652.74 Lease 36-9-69 ... 64.40 Notes Payable, Mortgage ... 11,900.00 Rent and Light ... ... ... 315.37 Salary ... 4,840.50 Taxes and Insurance ... 319.19 Telephone ... 409.06 Water Rights ... ... 3,000.00 69,789.58 Less: Commissary ... 755.24 Telephone ... 1.01 December 31, 1942 Balance ... .. 756.25 $69,033.33 2,885.29 $71,918.62 6

(17)

Balance Sheet Statement, December 31, 1942

ASSETS

CURRENT:

Cash First National Bank $ 2,884.74 Cash in Till ... .55 Petty Cash ... . Assessments Receivable 1941 37.00 Assessments Receivable 1942 7,686.02 Notes Receivable ... . Commissary Inventory ... . INVESTMENTS:

Stock in Wichita Bank for

Cooperatives ... . Stock in Other Companies ... . PREPAID EXPENSE:

Insurance ... . FIXED AssETS:

Ditches and Reservoirs ... . Buildings and Improvements ... .

Equipment ... . INTANGIBLES:

Pritorities and Water Rights ... .

$ 2,885 .. 29 10.00 7,723.02 250.00 34 7.29 $ 11,215.60 30,500.00 60.00 2,872,877.84 2,269.34 1,201.77 30,560.00 170.23 2,876,338.95 545,100.00 $ 3,463,384.78 LIABILITIES AND NET WORTH

CURRENT:

Accounts Payable Scurvin Ditch ... . Notes Payable Wichita Bank for

Cooperatives ... . Accrued Interest Mortgage ... .

Accrued Interest Notes Payable ... . FIXED:

Note and Mortgage Wichita Bank for Cooperatives ... .

NET WORTH:

at $50.00 par value ... . Premium on Capital Stock ... .

Capital Surplus ... . Rurp1us Arising from Assessments

on Capital Stock ···-··· Operating Surplus Deficit ... .

397.75 8,500.00 833.32 25.07 500,000.00 3,450.00 2,676,017.01 311,093.47 3,490,560.48 9,756.14 511,200.00 648,131.84 2,942,428.64 $ 3,463,384.78 I have examined the books and accounts of The North Poudre Irrigation Company and hereby certify that the attached Balance sheet fairly sets forth the financial position of the Company for the year endjng December 31, 1942.

A. S. ROGERS, Registered Accountant. 7

(18)

LATION OF EXPENDITURES FOR YEARS 1933 TO 1942 INCLUSIVE

ments and Water Appropriations for Years 1933 to 1942, Inclusive

1933 1934 1936 1936 1937 1938 1939 1940 1941 1942

Salaries ....•...

•

4,125.00

•

4,125.00

•

4,050.00

•

4,5 .25 $ 4,464.00

•

4,799.00 $ 4,839.00 $ 4,840.50 $ 4, 40.50 4,840.50 Attys. fees, Ct. costs ... 1,158.84 1,242.30 758.50 827.40 1,234.71 750.00 87.20 35.70 692.46 652.74 Taxes, County

...

.

...

301.72 191.82 103.09 93.48 105.62 60.06 51.15 50.75 49.78 47.56 Canal Riders

_···

2,978.30 2,688.02 3,277.67 3,315.93 2,506.05 3,934.89 3,386.35 2,680.14 3,752.38 4, 701.42 Telephone

...

388.94 377.49 415.30 418.96 361.64 375.60 349.98 363.93 370.91 405.54 Directors per diem

...

365.85 271.15 254.13 327.95 419.30 324.58 311.25 405.73 268.71 204.65 Maintenance

...

3,554.91 4,677.75 5,646.78 3,595.33 7,515.43 6, 784.45 6,814.46 7,793.85 10,526.14 9,170.44 Expenses

.... ···

...

1,081.83 1,236.08 1,397.62 1,262.67 1,519.43 1,596.52 1,152.91 910.36 1,148.84 1,191.18 Michigan Ditch-Construction

...

Maintenance

_···

3,009.59 1,750.51 3,088.52 2,389.87 1,672.18 3,616.84 2,217.75 1,878.51 3,230.84 3,637.75 Interest ... 28,702.10 28,773.75 28,716.25 28,863.61 23,69:!.80 23,626.87 25,655.98 21,808.42 19,102.96 18,030.56 Ditch Assessments 325.25 337.75 516.13 410.25 682.17 337.25 337.25 409.75 409.75 333.75 Perm. Improvements

...

144.90 88.44 Canal Enlargement and Tunnel ...•..•• 500.62 1,295.01 Maintenance on Equipment ... 902.10 1,203.51 1,502.59 1,121.22 2,056.16 1,230.71 1,055.75 835.92 785.18 912.65 Water Tol1age

_.

_···

1,647.54 1, 7 4.00 2,809. 77 2,694.92 323.43 1,559.73 3,661.20 304.92 505.78 9, 720.46 Water Right and

Real Estate ... 198.25 30.50 30.00 696.46 15.00 15.00 40.00 3,000.00 Equipment. ... 341.25 40.00 824.00 1,040.53 1,161.69 83.50 3.36 106.00 500.70

Indebtedness

Reduced

_···

2,400.00 10,000.00 15,000.00 26.900.00 22,300.00 12,600.00 11,900.01) Miscellaneous

...

274.00 528.24 1,395.94 3,128.01 7,462.54 225.00 281.98 236.73

Joe Wright Repairs

....

3,832.85 17.46 13.50 Exten ion of Bonds 2,076.53

Damages (Settlement)

..

100.00 75.00

Bond Discount

and Expense ... 165.04 165.03 165.03 765.31 Box Elder Wasteway

...

1,834.99

Refinancing

. ...

...

1,420.27 2,572.26

Park Creek ... 8 4.50 40.58

Fo sil Creek Inlet ... 7,986.02 313.08 1,282.52 Scurvin Ditch

_···

_·

9,845.19 32,763.23

ocial Security Tax ... 724.00 603.66 630.41 452.69 133.98

Widman Right of Way .•. 2,763.71

Totals ...•... $ 55,400.79 $ 53,509.55

•

56,018.01 $76,391.16 $94,698.51 576,293.43 $77,684.00 $65,534.15 $59,195.64 $68,749.20 A se ment per hare

..

.

4.50 5.00

•

4.25 $ 6.01) $ 5.75 $ 6.75 $ 7.75 $ 7.25 $ 4.00 $ 6.25 Water Appropriations

(19)

ANNUAL REPORT

The

North Poudre Irrigation

Company

Directors

V. H. Akin ... Fort Collins, Colorado J. S. Elder ... Wellington, Colorado E. F. Munroe ... Fort Collins, Colorado Alex Nelson ... Fort Collins, Colorado H. D. Spencer ... Fort Collins, Colorado

Officers

E. F. Munroe ... President V. H. Akin ... Vice President Stella M. NewelL ... Secretary Fred J. Barnes ... Superintendent

(20)

REPORT OF THE PRESIDENT OF

THE NORTH POUDRE IRRIGATION COMPANY

for the Year 1943

Water Supply:

Excellent fall and winter storage, together with timely rainfall in the early growing season, made 1943 the best year for water supply since 1929. Precipitation for the year was only 10.73 inches-slightly more than half of the preceding year's rainfall, but 7.2 inches fell during April, May and June.

Storage in reservoirs reached a peak of 52,350 acre feet on June 8, which is 97 per cent of total storage capacity. Stream flow was not high at any time, the peak flow of the North Fork reaching only 590 second feet, but the flow was well sustained, and we could have delivered much more water to our stockholders had they been willing to take it during the free water period which lasted 50 days, from April 29 to June 17. There were no floods or violent storms. Peak flow of the Michigan Ditch was 67 second feet on June 25.

Our water supply in 1943 was obtained from the following sources:

Acre feet *On hand, January 1, 1943 35,464 North Fork, Poudre River 40,768

Michigan Ditch 1,516

Poudre River, via Poudre Valley Canal 1,458 Poudre River, via Fossil Creek Reservoir 2,681

Other Sources 4,380

Totals 86,267

This water was distributed as follows:

Delivered as dividend on 10,000 shares North Poudre Creek stock

Delivered as dividend on 150 Fossil Creek Preferred Rights

No. 6 Reservoir Exchange Fossil Creek Reservoir Exchange Losses in Storage and Distribution *On Hand, January 1, 1944

Totals Acre feet 40,522 3,450 4,058 10,709 6,228 21,300 86,267 Percent of Total 41.2 47.2 1.7 1.7 3.1 5.1 100.0 Percent of Total 47.0 4.0 4.7 12.4 7.3 24.6 100.0 The irrigation season opened April 29 and delivery of water was completed September 18. The water dividend was 3.3 acre feet per share; in addition 8897 acre feet of free water was delivered, making a total of 4.19 acre feet (182,500 cu. ft.) per share. This figure is well above average and has been exceeded only five times in the last 32 years.

• Not including Halligan Reservoir. 2

(21)

Crops:

Fair to good crops were obtained in 1943. Labor shortage de-creased yields considerably. Most farmers did their best, but the job of spreading water was often slighted. The frost-free period was shorter than usual, seriously affecting the cherry, cucumber and corn returns. An excellent crop of fine quality alfalfa hay was put up. Sugar beet yields were satisfactory, with high sugar content and low tare. Small grain yields were only fair, with some exceptions. Prices of all crops were high and net results from farming operations are undoubtedly well above the average.

MONTHLY PRECIPITATION RECORDS FOR 1943 50- Year Normal Month Fort Collins Buckeye Wellington Fort Collins

Inches Inches Inch s Inches

January .21 .10 .32 February .48 .62 .61 March .70 .70 1.02 April 1.18 1.33 2.00 May 5.96 5.15 4.43 2.86 June 1.00 .95 1.44 1.53 July 1.00 .51 .55 1.66 August .56 .40 .68 1.40 September .10 .08 .18 1.27 October .22 .45 .38 1.10 November .22 .15 .09 .47 December .18 .12 .23 .46 Totals 11.81 Incomplete 10.73 14.70

ANNUAL PRECIPITATION IN INCHES, MEASURED AT THREE STATIONS

Year Fort Collim Wellington Buckeye

1936 11.79 7.93 1937 12.49 11.63 1938 19.75 16.38 1939 6.51 7.20 6.21 1940 13,63 13.00 11.38 1941 16.91 19.77 18.68 1942 18.44 20.45 16.79 1943 11.81 10.73 Incomplete Averages 13.91 13.38 13.24 3

(22)

*ACREAGE, TONNAGE, AVERAGE AND HIGHEST YIELD AT EACH BEET DUMP, NORTH POUDRE SYSTEM

1943 SUGAR BEET CROP

Tons Tons

per per

Station Acres Tonnage Acre Grower Acres Acre

Factory 24.2 140.75 5.08 John Geist 9.2 8.60 Waverly 153.8 1352.88 8.80 Geo. C. Deines 6.2 16.28 Dixon 294.4 3025.85 10.28 Carl Ahlbrandt 14.3 16.78 Wellington 836.6 8552.46 10.22 Jake Hoffman 4.6 17.10

Charles

Giddings 328.0 3803.80 11.60 Robertson 20.6 17.86 Kluver 174.2 2874.02 16.49 Jake Winick 13.2 20.32 Black Hollow 110.3 1688.81 15.31 E. D. Nelson 24.0 17.08 Buckeye 197.8 2393.09 12.10 Jake Schmer 13.2 13.37

Totals and

Average 2119.3 23831.66 11.25

Three growers under North Poudre System in High Ten list of Growers.

Fort Collins Factory Average 1943, 12.48 Tons per acre. *ACREAGE AND YIELDS OF BEET CROPS GROWN UNDER

NORTH POUDRE SYSTEM

Year 1929-1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 Acres 6,457 7,098 7,307 3,974 4,344 4,039 2,706 3,059 2,406 2,818.7 2,941.9 830.4 2,431.7 3,542.1 2,119.3 15-year average

Work Accomplished:

Total Tons 75,224 107,547 84,053 37,351 47,912 35,553 32,364 28,765 23,695 40,464.12 25,897.7 9,705.41 32,475.52 29,677.78 23,831.66

Tons per Acre

11.65 15.15 11.50 9.40 11.03 8.80 11.90 9.40 9.84 14.36 8.80 11.68 13.35 8.38 11.25 11.32

New outlet tubes of concrete were completed in Reservoir No. 3 and also in Mt. Supply Reservoic No. 10; also one 4' x 16' Radial gate for flood control on Park Creek. About 530 tons of rock were used in repair of FossH Creek Dam and about 250 tons on No. 15 Dam. Other work was largely routine maintenance.

*Courtesy Great Western Sugar Company. 4

(23)

Financial:

We had no unusual expense this year so did not exceed our budget. Arrangements had been made with The Wichita Bank for Cooperatives for an operating loan of $12,000.00, but we only used $8,500.00, which was paid in 1943.

The following budget is recommended by the Board for 194 Principal on Mortgage Note ... $ 2.61 per share Interest on Mortgage Note ... 1.65 per share Total Maintenance, operation, etc. ... 2.92 per share Tollage ... .07 per share Total Assessment ... $ 7.25 per share

E. F. MUNROE, President.

(24)

Cash Statement

RECEIPTS January 1, 1943 Balance ---··-·-··· Assessments, 1941 ···'···$ 37.00 Assessments, 1942 ... 7,609.85 Assessments, 1943 ... 73,071.64 Assessments, 1943 Fossil Creek ... 600.00 Assessments, 1943, Old Right ... 25.00 Interest ... 307.66 Income, Miscellaneous ... 82.00 Leases ... 250.00 Sale of Equipment ... 400.00 Transfer Fees ... 38.00 Refunds, Commissary ... 1.90 Refunds, Gen. Exp. ... 2.00 Refunds, Insurance ... 3.64 Refunds, Main.-Opr. ... 122.25 Refunds, Telephone ... 226.22 Water Rent ... 279.00

DISBURSEMENTS Directors per diem ... . Commissary ... . Ditches & Reservoirs:

Maintenance ... 5,635.38 Maintenance No. 3 Res. ... 2,343.98 Maintenance, Equipment ... 674.07 Michigan Ditch ... 1,520.94

~~~~~~~0~

---::::~:::~:::::::::::::::::::::::::::::::::~:::::

5,i:

Ditch Assessments ... 623.75 202.20 193.72 - - - 16,631.01 General Expense ... 832.39 Interest-Current ... 117.44 Interest-Mortgage ... 17,305.71 Lease 36-9-69 ... 107.16 Legal ... 905.78 Miscellaneous ... 700.00 Notes Payable- Mortgage ... 25,500.00 Notes Payable- Current ... 8,500.00 Rent and Light ... 312.65 Salary ... 5,589.00 Taxes and Insurance . ... 337.68 Telephone ... 638.71 Victory Tax Returned ... 36.87 Withholding Tax ... 573.02 Less: Commis ary ... 252.30 78,483.34 Rent ... . Victory Tax ... . Telephone ... . Withholding Tax ... . Dec. 31, 1943 Balance ... . 6 10.00 36.87 22.33 573.02

- - -

894.52 $ 2,885.29 83,056:16 $85,9.1.45 77,588.82 8,352.63 $85,941.45

(25)

I

Balance Sheet Statement December 31, 1943

ASSETS

CURRENT:

Cash First National Bank .... $ 8,278.71 Cash in '£ill --···--·-···-··· 73.92 Cash, Petty ···-··---·--····-··-··-Assessments Receivable, 1942 76.17 Assessments Receivable, 1943 6,928.36 Notes Receivable --···-···-·--···---···---·--·-$ 8,352.63 10.00 7,004.53 250.00 Commissary Inventory ... . 198.66 $ 15,815.82 INVESTMENTS:

Cooperatives ·----···-··--··-···-··· 30,500.00

Stock in Other Companies... _ _ _ 6_0_.0_0 30,560.00

PREPAID EXPENSE:

Insurance -···----··-···-···-·-···-·-···

FIXED ASSETS:

Ditches and Reservoirs --·-·-···-··· Buildings and Improvements ... . Equipment ---··-···-···-··-···-····-···-····-···

INTANGIBLES:

Priorities and Water Rights ···---·--·-·-··

2,849,477.84 1,515.08 609.51

LIABILITIES AND NET WORTH

CURRENT:

Accounts Payable Scurvin Ditch ... 397.75 Accrued Interest Mortgage -·-···-·-- _ _ _ 7_9_1._7_6

FIXED:

Note and Mortgage Wichita Bank for Cooperatives ... .

NET WORTH:

at $50.00 par value ... . Premium on Capital Stock ... . Capital Surplus ... . Surplus Arising from Assessments

on Capital Stock ... .. 500,000.00 3,450.00 2,676,017.01 344,693.47 3,524,160.48 256.33 2,851,602..43 I 545,100.00 $ 3,4 3,334.58 1,189.51 485,700.00

Operating Surplus Deficit ... . 567,715.41 2,956,.(45.07 $ 3,443,334.58 I have examined the books and accounts of The North Poudre Irrigation Company and hereby certify that the attached Balance sheet fairly sets forth the financial position of the Company for the year ending December 31, 1943.

(26)

---RECAPITULATION OF EXPENDITURES, ASSESSMENTS AND WATER APPROPRIATIONS

For Years 1934 to 1943 Inclusive

Salaries .•••...•...•.. Attys. fees, Ct. costs ...•• Taxes, County ...•... Canal Riders ••..•.•...• Telephone . . . . Directors per diem ... . Maintenance . . . . Expenses . . . • . . . . Michigan Ditch-Construction ..•... Maintenance .•...•• Interest ..•...•.•. Ditch Assessments Perm. Improvements ... Canal Enlargement and Tunnel ...•••.•.• Maintenance on Equipment ...••..• Water Tollage ....•••... Water Right and

Real Estate ...•.•.•.. Equipment . . . • . . . Indebtedness

Reduced .•.•...•... Miscellaneous ...•.... .Toe Wright Repairs •.•• Extension of Bonds Damages (Settlement) .• Bond Di"count

and Expense ...•.• Box Elder Wasteway ... Refinancing •....••....• Park Creek •...••.•... Fossil Creek Inlet .•.•.. Scurvln Ditch . . . . Social Security Tax ... . Widman Right of Way •.•

1934 $ 4,125.00 $ 1,::!42.30 191.82 2,688.02 377.49 271.15 4,677. 75 1,236.08 1935 4,050.00 $ 758.50 103.09 3,277.67 415.30 254.13 5,646.78 1,397.62 1,750.51 3,088.52 28,773.75 28,716.25 337.75 516.13 88.44 500.62 1,203.51 1,502.59 1,784.00 2,809.77 30.50 30.00 40.00 824.00 2,400.00 274.00 528.24 17.46 13.50 165.03 165.03 1,834.99 1,420.27 1936 4,588.25 $ 827.40 93.48 3,315.93 418.96 327.95 3,595.33 1,262.67 2,389.87 28,863.61 410.25 1,295.01 1,121.22 2,694.92 696.46 1,040.53 1,395.94 765.31 2,572.26 884.50 7,986.02 9,845.19 1937 4,464.00 $ 1,234.71 105.62 2,506.05 361.64 419.30 7,515.43 1,519.43 1,672.18 23,692.80 682.17 2,056.16 323.43 15.00 1,161.69 10,000.00 3,128.01 40.58 313.08 32,763.23 724.00 1938 4,799.00 750.00 60.06 3,934.89 375.60 324.58 6,784.45 1,596.52 3,616.84 23,626.87 337.25 1,230.71 1,559. 73 83.50 15,000.00 7,462.54 1,282.52 603.66 2,763.71 1939 $ 4,839.00 87.20 51.15 3,386.35 349.98 311.25 6,814.46 1,152.91 1940 ' 4,840.50 $ 35.70 50.75 2,680.14 363.93 405.73 7,793.85 910.36 2,217.75 1,878.51 25,655.98 21,808.42 337.25 409.75 1,055. 75 3,651.20 15.00 3.36 835.92 304.92 106.00 26,900.00 22,300.00 225.00 281.98 75.00 630.41 452.69 Totals... ' 53,509.55 $ 56,018.01 $76,391.16 $94,698.51 $76,293.43 $77,684.00 $65,534.15 Assessments per share . • $ 5.00 $ 4.25 $ 6.00 $ 5.75 $ 6.75 $ 7.75 $ 7.25 Water Appropriations

per share-Acre Feet.. 1.38 3.16 2.07 1.22 3.21 2.6 . 75 1941 4,840.50 692.46 49.78 3,752.38 370.91 268.71 10,526.14 1,148.84 3,230.84 19,102.96 409.75 785.18 505.78 40.00 500.70 12,600.00 236.73 133.98 1942 4,840.50 $ 652.74 47.56 4,701.42 405.54 204.65 9,170.44 1,191.18 3,637.75 18,030.56 333.75 912.65 9,720.46 3,000.00 11,900.01} 1943 5,589.00 905.78 56.40 5,041.87 390.16 202.20 8,024.27 1,420.6 1,520.94 17,423.15 623.75 674.07 731.02 34,000.00 700.00 $59,195.64 $68,749.20 $77,303.29 $ 4.00

s

6.25 $ 8.00 2.00 3.9 4.19

(27)

i

ANNUAL REPORT

The

North Poudre Irrigation

Company

Directors

V. H. Akin ... Fort Collins, Colorado

J. S. Elder ... Wellington, Colorado E. F. Munroe ... Fort Collins, Colorado Alex Nelson ... Fort Collins, Colorado H. D. Spencer ... Fort Collins, Colorado

Officers

E. F. J\IIunroe ... President V. H. Akin ... Vice President Stella M. N ewell ... Secretary Fred J. Barnes ... Superintendent

Year Ending December 31, 1944

(28)

REPORT OF THE PRESIDENT OF

THE NORTH POUDRE IRRIGATION COMPANY

for the Year 1944

Water Supply:

Above normal precipitation in March and April, with the carry-over from 1943, gave us a moderately good water supply in 1944. Flow of the streams during the snow melting period, May and June, was very disappointing, due probably to cold and very windy weather which caused slow melting and high evaporation. Peak flow of the North Fork occurred May 18 with 568 second feet flowing. Peak flow of the Michigan Ditch was 45 second feet on June 22.

Precipitation for the year was 11.49 inches, 82 percent of which fell during the first six months. The last half of the year, the ma-turing period of all crops, was extremely dry. There were no floods nor violent storms during the year.

Acrefeet •on hand, January 1, 1944 21,300 North Fork Poudre River 30,893

Poudre River, via Poudre Valley Canal 000 Poudre River, via Fossil Creek Reservoir 8,693

Other Sources 2,130

Totals 64,886%

This water was distributed as follows:

Delivered as dividend on 10,000 shares N oJ.'th Poudre Irrigation Co. stock Delivered as dividend on 150 Fossil

Creek Preferred Rights No. 6 Reservoir Exchange No. 6 Reservoir Sales

Fossil Creek Reservoir Exchange Losses in Storage and Distribution •on Hand, January 1, 1945

Totals Acre feet 26,935 3,450 3,196 2,390 8,210 12,385 8,320 64,886% Percent of Total 32.8 47.6 2.9 0 13.4 3.3 100.0% Percent of Totul 41.6 5.3 4.9 3.7 12.6 19.1 12.8 100.0% The irrigation season opened May 22 and closed September 15. The water dividend was 2.7 acre feet per share. In addition, 3,774 acre feet of free water was delivered to stockholders during the first seven days of the irrigation season, making a total of 3.07 acre feet (133,700 cubic feet) per share for the year. This is 5 per cent above the average delivery for the past 33 years.

• Not including Halligan Reservoir. 2

(29)

I

Crops:

Yields of most crops were moderately good in 1944. Weather was unfavorable for sugar beets early in the season, injuring the stand somewhat. The acreage was about the same as last year, but harvested tonnage was down about 15%. Cherry growers har-vested an excellent crop. Alfalfa and small grains did fairly well. A long growing season terminated by killing frost October 15 helped mature corn, and contributed to an unusually high sugar content in beets.

MONTHLY PRECIPITATION RECORDS FOR 1944

Month Fort Collins Buckeye Welltngton Inches Inches Inches

January .49 .37 .34 February .24 .15 .07 March 1.90 1.05 2.25 April .f.02 2.95 3.54 May 1.47 1.81 1.81 June 1.34 .65 1.16 July 2.04 .88 1.32 August .35 .01 .63 September .28 .18 .16 October .03 .05 November .22 .01 .01 December .14 .10 .20 Totals 12.52 8.21 11.49 ANNUAL PRECIPITATION IN INCHES,

AT THREE STATIONS Year Fort Collins Wellington

1936 11.79 7.93 1937 12.49 11.63 1938 19.75 16.38 1939 6.51 7.20 1940 13,63 13.00 1941 16.91 19.77 1942 18.44 20.45 1943 11.81 10.73 1944 12.52 11.49 Averages 13.76 13.17 3 50- Year Normal Fort Collins Inches .32 .G1 1.02 2.00 2.86 1.53 1.66 1.40 1.27 1.10 .47 .46 14.70 MEASURED Buckeye 6.21 11.38 18.58 16.79 Incomplete 8.21 12.23

(30)

• ACREAGE, TONNAGE, AVERAGE AND HIGHEST YIELD AT EACH BEET DUMP, NORTH POUDRE SYSTEM

Tons Tons

7Jer per

Station Acres Tonnage Acre Grower Acres Ac1·e Factory 21.4 200.96 9.39 Jacob Pitsch 13.7 10.01 Waverly 118.0 897.48 7.61 Fred Krumdick 46.0 10.33 Dixon 318.5 2723.54 8.55 Geo. M. Hoff 11.2 13.90 Wellington 716.6 6846.31 9.55 Ross E. Nutter 15.1 16.83

Charles

Giddings 378.3 43'70.35 11.55 Robertson 20.1 17.32 Kluver 210.4 2678.56 12.73 Jake Winick 8.5 18.64 Black Hollow 72.1 824.55 11.43 E. D. Nelson 10.0 13.82 Buckeye 191.5 1770.52 9.25 Ed. Ackerman 13.2 11.54

Totals and

Average 2026.8 20312.27 10.02

Fort Collins Factory Average 1944, 11.70 Tons per Acre

*ACREAGE AND YIELDS OF BEET CROPS GROWN UNDER NORTH POUDRE SYSTEM

Year Acres 1929 6,457 1930 7,098 1931 7,307 1932 3,974 1933 4,344 1934 4,039 1935 2,706 1936 3,059 1937 2,406 1938 2,818. 7 1939 2,941.9 1940 830.4 1941 2,431.7 1942 3,542.1 1943 2,119.3 1944 2,026.8 16-year average Total Tons 75,224 107,547 84,053 37,351 47,912 35,553 32,364 28,765 23,696 40,464.12 25,897.7 9,705.41 32,475.52 29,677.78 23,831.66 20,312.27 Tons pe'r Acre 11.65 15.15 11.50 9.40 11.03 8.80 11.90 9.40 9.84 14.36 8.80 11.68 13.35 8.38 11.25 10.02 11.27 One North Poudre beet grower, Victor Akin, produced in 1944, 779,446 pounds of sugar, which amount was ~xceeded by only two other growers in the entire Great Western territory, cO'mprising Colorado, Nebraska, Wyoming and Montana.

*Data by courtesy of Great Western Sugar Company 4

(31)

I

Work Accomplished:

Two and one-half miles of drag-line work on main ditches was completed in the year. Considerably more should be done when labor and materials are available. Necessary maintenance of struc-tures and reservoirs has been done.

Oil:

Five producing oil wells have been completed on the Clark Lake Structure during 1944, in three of which The North Poudre Irriga-tion Company has an interest. Producing sands are from 6800 to 6900 feet below surface, and are from 80 to 90 feet thick, but of very low permeability. It was necessary to shoot the wells heavily, and oil is brought to the surface by pumping.

The three wells in which The North Poudre Irrigation Company has an interest are:

North Poudre Unit No. 1, yielding approximately 150-170 bbls. daily. North Poudre Unit No. 2, yielding approximately 70 bbls. daily. Nichols Unit No. 1, yielding approximately 70 bbls. daily. Amerada Petroleum Corporation of Tulsa, Oklahoma, is de-veloping the field.

Financial:

During the year we made an effort to refinance our loan at a lower rate of intere. t but when the Wichita Bank for Cooperatives agreed to cancel the stock as fast as we retire the loan, the Board felt we should leave the loan with the Wichita bank. $8,800.00 worth of stock was canceled and this amount applied on the principal of the loan.

One hundred million cu. ft. of water in No. 6 Reservoir was sold for $12,500.00. We received $2,341.53 for oil royalties from North Poudre No. 1 and Nichols wells. No royalties have been received from North Poudre Unit No. 2. Owing to labor conditions, we were un-able to use all of our Michigan Ditch budget, so all surplus funds were applied on our indebtedness. •

The following budget is recommended by the Board for 1946: Principal on Mortgage Note ... $ 3.51 per share Interest on Mortgage Note... 1.47 per share Total Maintenance, Operation, etc... 2.20 per share Tollage ... ... .07 per share

Total Assessment ... $ 7.25 per share E. F. MUNROE, President.

(32)

Cash Statement

RECEIPTS January 1, 1944 Balance ... $ 8,352.63 A sessments, 1942 ... $ 76.17 Assessments, 1943 ... 6,928.36 Assessments, 1944 ... 67,157.25 Assessments, Fossil Creek ... 60{).00 Assessments, Old Right ... ... 25.00 Dividend-Oil and Gas ... 2,341.53 Interest ... ... 269.13 Refund-Commissary ... 6.50 Refund-General Expense ... 6.10 Refund-Insurance ... 19.00 Refund- Telephone ... 503.49 Refund-Maintenance ... 6.00 Leases ... ... 150.00 Transfer Fees ... 67.50 Water ... 13,155.00 Misc. Income ... 55.00 Sale of House ... ... 200.00 Lease 36-9-69 ... 200.00 91,766.03 DISBURSEMENTS

Directors per diem .. ... 203.95 Ditches and Reservoirs:

Maintenance ... ... ... ... 9,130.36 Maintenance-Equipment ... 588.65 Michigan Ditch ... 533.63 Operation ... 5,085.!)1 Ditch Asses ments ... 448.38

Tollage ... 119.50 15,906.43 General Expense ... 634.71 Interest ... 16,208.69 Lease 36-9-69 ... 296.66 Legal ... 293.30 Notes Payable- Mortage ... 44,700.00 Rent and Light ... 320.29 Salary ... 5, 7 40.50 Taxes and Insurance ... 301.34 Telephone ... 927.2 Withholding Tax Retd. ... 8.40

Less: ommissary ... .. Telephone ... . W. Tax ... .. Rent ... .. Dec. 31, 1944 Balance ... . - 6-5.00 11.93 8.40 5.00 85,541.47 30.33 $100,118.66 85,511.14 14,607.52 $100,118.66

(33)

I

Balance Sheet Statement December 31, 1944

ASSETS

CURRENT:

Cash First National Bank .... $ 14,595.35 Cash in TilL... 12.17 Cash, Petty ... . Assessment Receivable, 1944 Notes Receivable ... . Commissary Inventory ... . INVESTMENTS:

Cooperatives ... . Stock in Other Companies ... .. PREPAID EXPENSE:

Insurance ... . FIXED Assms:

Ditches and Reservoirs ... . Buildings and Improvements ... . Equipment ... . IN'l'ANGIBLES:

Pri01·ities and Water Rights ... ..

$14,607.52 10.00 5,342.75 250.00 187.16 $ 20,397.43 21,700 00 _ _ _ 65_.0_0 21,765.00 2,826,077.84 1,550.82 369.95 97.00 2,827,998.61 545,100.00 $ 3,415,358.04 LIABILITIES AND NET WORTH

CURRENT:

Accounts Payable- Improvem'ts 36-9-69 Accounts Payable-Scu1-vin Ditch ... . Accrued Interest on Mortgage ... . FIXED:

Note and Mortgage Wichita Bank fo1· Cooperative ... .. NET WORTH:

at $50.00 par value ... . Premium on Capital Stock ... . Capital Surplus ... . Surplus Arising from Assessments

on Capital Stock ... .. Operating Surplus Deficit.. ... .

800.00 397.75 663.10 500,000.00 3,450.00 2,676,017.01 370,793.47 3,550,260.48 1,860.85 432,200.00 568,963.29 2,981,297.19 $ 3,415,358.04 I have examined the books and accounts of The North Poudre Irrigation Company and hereby certify that the above Balance Sheet fairly sets forth the financial position of the Company for the Year ending December 31, 1944.

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RECAPITULATION OF EXPENDITURES, ASSESSMENTS AND WATER APPROPRIATIONS

For Years 1935 to 1944 Inclusive

Salaries ..••... Attys. fees, Ct. costs .•..• Taxes, County ...• Canal Riders .•.•... Telephone ...•... Directors per diem ...• Maintenance ... . Expenses ... . Michigan Ditch-Construction .••... Maintenance .•... Interest ... . Ditch Assessments Perm. Improvements ... Canal Enlargement and Tunnel ...••••.•. Maintenance on Equipment ...•... Water Tollage ...• Water Right and

Real Estate ...•... Equipment. ...•... Indebtedness

Reduced ...• Miscellaneous ... . Joe Wright Repairs ...• Extension of Bonds Damages (Settlement) .. Bond Discount

and Expense ...•..

Box Elder Wasteway .. . Refinancing ... .

Park Creek ...••...• Fossfl Creek Inlet ...• Scurvin Ditch ... .

Social Security Tax ... . Widman Right of Way ••. Totals .•.•••..•••... Assessments per share .. Water Appropriations

per share-Acre Feet ..

1935 $ 4,050.00 $ 758.50 103.09 3,277.67 415.30 254.13 5,646.78 1,397.62 3,088.52 28,716.25 616.13 500.62 1,502.59 2,809.77 30.00 824.00 528.24 13.50 165.03 1,420.27 1936 4,588.25 827.40 93.48 3,315.93 418.96 327.95 3,595.33 1,262.67 2,389.87 28,863.61 410.25 1,295.01 1,121.22 2,694.92 696.46 1,040.53 1,395.94 765.31 2,572.26 884.50 7,986.02 9,845.19 1937 $ 4,464.00 1,234.71 105.62 2,506.05 361.64 419.30 7,515.43 1,519.43 1,672.18 23,692.80 682.17 2,056.16 323.43 15.00 1,161.69 10,000.00 3,128.01 40.58 313.08 32,763.23 724.00 1938 $ 4,799.00 750.00 60.06 3,934.89 375.60 324.58 6, 784.45 1,596.52 3,616.84 23,626.87 337.25 1,230.71 1,559.73 83.50 15,000.00 7,462.54 1,282.52 603.66 2,763.71 1939 1940 ' 4,839.00 $ 4,840.50 87.20 35.70 51.15 50.75 3,386.35 2,680.14 349.98 363.93 311.25 405.73 6,814.46 7, 793.85 1,152.91 910.36 2,217.75 1,878.51 25,655.98 21,808.42 337.25 409.75 1,055.75 3,651.20 15.00 3.36 835.92 304.92 106.00 26,900.00 22,300.00 225.00 281.98 75.00 630.41 452.69 $ 56,018.01 $76,391.16 $94,698.51 $76,293.43 $77,684.00 $65,534.15 $ 4.25 $ 6.00 $ 5.75 $ 6.75 $ 7.76 $ 7.25 3.16 2.07 1.22 3.21 2.6 .76 1941 $ 4,840.50 692.46 49.78 3,752.38 370.91 268.71 10,526.14 1,148.84 3,230.84 19,102.96 409.75 785.18 505.78 40.00 500.70 12,600.00 236.73 133.98 1942 4,840.50 652.74 47.56 4, 701.42 406.5-1: 204.65 9,170.44 1,191.18 3,637.75 18,030.56 333.75 912.65 9, 720.46 3,000.00 11,900.00 1943 $ 5,589.00 905.78 56.40 5,041.87 390.16 202.20 8,024.27 1,420.68 1,520.94 17,423.15 623.75 674.07 731.02 34,000.00 700.00 1944 $ 6,740.50 293.30 15.99 5,085.91 411.78 203.95 9,216.02 1,215.25 533.63 16,208.69 44!!.38 588.65 119.50 44,700.00 200.00 $59,195.64 $68,749.20 $77,303.29 $84,981.56 $ 4.00 2.00

s

6.25 3.9 $ 8.00 4.19 $ 7.25 3.077

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ANNUAL REPORT

The

North Poudre Irrigation

Company

Directors

V. H. Akin ... Fort Collins, Colorado J. S. Elder ... Wellington, Colorado E. F. Munroe ... Fort Collins, Colorado Alex Nelson ... Fort Collins, Colorado H. D. Spencer ... Fort Collins, Colorado

Officers

E. F. 1\'Iunroe ... President V. H. Akin ... Vice President Stella M. NewelL ... Secretary Fred J. Barnes ... Superintendent

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REPORT OF THE PRESIDENT OF

THE NORTH POUDRE IRRIGATION COMPANY

for the Year

1945

Water Supply:

On June 1st the outlook for a satisfactory water supply for The North Poudre Irrigation Company was desperate. With little rainfall in May, and the storage season practically over, the Company had only a 25 per cent fill in Fossil Creek Reservoir, and 11 per cent fill in Halligan. The flow of the streams was much below normal, and while snow surveys indicated good now coverage at high altitudes, there was nothing in sight on which to forecast a good year. As late as June 15th there were blimards and drifting snow on the Michigan Ditch. However, during the latter part of June, conditions got much better, stream flow was fairly good, and we wound up the season with a better record than we expected. Peak flow vn the North Fork wa on June 9th, 456 second feet. Michigan Ditch peak was on June 26, 51 second feet.

Precipitation for the year was 16.97 inches of which 9.8 inches fell during the first six months.

Acre feet On hand, January 1, 1945 8,320 North Fork, Poudre River 30,563

Poudre River, via Poudre Valley Canal 0 Poudre River, via Fossil Creek Reservoir 10,105

Other Sources 2,685

Totals 54,645

This water was distributed as follows: Delivered as dividend on 10,000 shares

North Poudre Irrigation Co. stock Delivered as dividend on 150 Fossil

Creek Preferred Rights No. 6 Reservoir Exchange Fossil Creek Reservoir Exchange Losses in Storage and Distribution On hand, January 1, 1946 Acre feet 20,750 3,450 1,200 7,550 7,545 14,150 Percent of Total 15.2 55.9 5.4 0 18.6 4.9 100.0 Percent of Total 38.0 6,3 2.2 13.8 13.8 25.9 Totals 54,645 100.0

Irrigation of crops was started on May 30, and discontinued Sept. 24, covering a period of 118 days. The water dividend was 2.1 acre-feet per share (41 Colorado inches running measurement). This dividend was made available to irrigators on the following dates:

May 30 0. 7 acrefeet per share

June 5 0.3 " " " additional June 23 0.5 " " "

_"

August 1 0.4 " " " August 23 0.2 " " "

"

Total 2.1 acre ieet per share

Outlook for 1946 is much more promising so far as winter storage is concerned. Fo sil Greek Reservoir on Jan. 1, 1946 was about 60 per cent filled as against 9 per cent filled on Jan. 1, 1945.

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Crops:

Crop yields were only fair in 1945. Frost-free period was from June 15 to Sept. 15, which is a short season for this country. Fear of shortage of late water for sugar beets led many water users to neglect irrigation of small grain and other early crops. Sugar beets averaged 8.79 tons per acre on North Poudre farms, showing a drop in tonnage, which was general over western states.

MONTHLY PRECIPITATION RECORDS FOR 1946

-Month Fort Collins Buckeye Wellington Inches Inches Inches

January .72 .53 .47 February .30 .31 .19 March .40 .43 .59 April 3.89 3.10 4.11 May 1.55 1.11 1.35 June 2,62 2.80 3.09 July .54 2.37 1.46 August 3.65 2.22 3.01 September 1.31 1.19 1.61 October .78 .79 ,90 November .36 ,21 .14 December .OS .01 .05 16.95 15.07 16.97

ANNUAL PRECIPITATION IN INCHES, AT THREE STATIONS Year Fort Collins Wellington

1936 11.79 7.93 1937 12.49 11.63 1938 19.76 16.38 1939 6.61 7.20 1940 13.63 13.00 1941 16.91 19.77 1942 18.44 20.45 1943 11.81 10.78 1944 12.62 11.49 1945 16,96 16.97

..

---Averages 13.98 13.55 3 50-Year Normal Fort Colllns Inches .32 .61 1.02 2.00 2.86 1.58 1.66 1.40 1.27 1.10 .47 .46 14.70 MEASURED Buckeye 6.21 11.38 18.68 16.79 Incomplete 8.21 15.07 12.70

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•ACREAGE, TONNAGE, AVERAGE AND HIGHEST YIELD AT EACH BEET DUMP, NORTH POUDRE SYSTEM

Tons Tons

per per

Station Acres Tonnage Acre Grower Acres Acre Factory 75.3 450.68 5.99 Jacob Pitsch 19.0 8.32 Waverly 150.0 1059.64 7.06 Geo. Meyer 11.2 12.lo Dixon 449.9 3162.70 7.03 Natalie Bender 17.8 10.86 Wellington 1079.7 9295.18 8.61 Jake W. Brunz *10.3 17.31

Solomon and

Her-Giddings 477.7 5093.91 10,66 man Blehm 9.4 18.94 Kluver 262.1 8233.75 12.33 Jake Winick 12.3 15.78 Black Hollow 156.9 1534.52 9.77 E. D. Nelson 36,0 13.37

Albert and Fred

Buckeye 240.7 1679.82 6.73 Ackerman 40.5 9.57 Totals and

Averages 2901.3 25510.20 8.79

Fort Collins Factory Average 1945: 10.54 tons per acre.

"'One grower under North Poudre System in High Ten List of Grow-ers-Jake W. Brunz, Wellington Dump-10.3 Acres with 17.31 ton per acre. To qualify for High Ten List, acreage must be at least 10 acres.

*ACREAGE AND YIELDS OF BEET CROPS GROWN UNDER NORTH POUDRE SYSTEM

Year Ac1·es Total Tons Tons per Acre

1929 6,457 75,224 11.65 1930 7,098 107,54.7 15.15 1931 7,307 84,053 11.50 1932 3,974 :37,351 9.40 1933 4,344 47,912 11.03 1934 4,039 35,553 8.80 1935 2,706 32,364 _11.90 1936 3,059 28,765 9.40 1937 2,406 23,695 9.84 1938 2,818.7 40,464.12 14.36 1939 2,941.9 25,897.7 8.80 1940 830.4 9,705. 1 11.68 1941 2,431.7 32,475.52 13.35 1942 3,542.1 29,677.78 8.38 1943 2,119.3 23,8:H.f.>6 11.25 1944 2,026.8 20,312.27 10.02 1945 2,901.3 25,510.2 8.79 17-year avet·age 11.15

*Data by courtesy of Great Western Sugar Company

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Work Accomplished:

Scarcity and high prices of equipment, labor and materials, made it inadvisable to attempt much construction work, and only necessary maintenance and operation work was done. As soon as labor and equipment are available, quite a lot of work should be done.

Oil:

No new wells were drilled during the year in the Clarks Lake field. Average daily production from five completed wells is as fol-lows:

Well Barrels Oil Barrels Water

Hartshorn 55 12

Galvin 25 4

North Poudre No. 1 58 10 North Poudre No. 2 27 3

Nichols 25 30

The North Poudre Irrigation Company has an interest in the last

three above listed wells.

General:

Our Superintendent, Fred J. Barnes, resigned the early part of 1945 but consented to stay with us until we could find a suitable man for the job. We sincerely appreciate his efforts in our behalf, as we know it has been a difficult year. Mr. Barnes has been our superin-tendent since 1919 and has been faithful and conscientious in his work. The system has been improved in various ways. Mr. Charles McAnelly has been engaged as Superintendent, beginning February 1, 1946.

The Guarantee Reserve Life Insurance Company is expanding and needs the office space we occupy in their building, so we pur-chased Lots 48 and 49 in Block 31 and made plans to erect an office building, but the scarcity of materials and high cost of labor made it necessary to postpone building until a later date. We have leased an office at 116 West Oak Street, and will move there soon after February 1, 1946.

Financial:

In addition to the cash payment of $ 0,300.00 on our mortgage note, the Wichita Bank for Cooperatives allowed us a credit on our stock of $2,200.00, making a total of $42,500 which was applied on the principal of our loan, reducing the note from $432,200.00 to $389,700.00.

Our receipts for oil from the three wells in which we have an interest were as follows:

North Poudre No. 1 North Poudre No. 2 Nichols Total $3,787.93 2,080.95 501.18 6,370.06

The following budget is recommended by the Boa1·d for 1946: For Principal on Mortgage Note $3.17 per share For Interest on Mortgage Note 1.35 per share For Total Maintenance, Operation, etc. 2.60 per sha1·e For Tollage .13 per share

Total Assessment

5

$7.25 per share E. F. MUNROE, President.

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Cash Statement

RECEIPTS

January 1, 1945 Balance ... $14,607.52 Assessments, 1944 ... $ 5,342. 75

Assessments, 1945 ... 65,988.20 Assessments, Fossil Creek ... 600.00 Assessments, Old Right... 25.00 Dividends, Oil and Gas ... 6,087.97 Interest ... ... .. 297.22 Leases ... 400.00 Lease 36-9-69 ... 300.00 Miscellaneous ... 135.00 Refund-Insu1·ance ... 54,00 Refund- Telephone ... 51.85 Transfer Fees ... ... 62.00

Water ... 285.00 79,628.99 $ 94,236.51 DISBURSEMENTS

Accounts Payable-36-9-69 ... ... ... 200.00 Commissary ... ... 3. 78 Directors per diem ... 273.15 Ditches and Reservoirs:

Maintenance ... 4,901.87 Maintenance-Equipment ... 553.22 Michigan Ditch ... 1,351,44 Operation ... 5,433.01 Water Assessments ... 564.38 12,803.92 Equipment ... 175.00 General Expense ... .. ... ... 794.90 Interest ... :... 14,149.96 Legal ... ... ... 576.00 Notes Payable--Mortgage ... 40,300.00 Real Estate ... ... . ... 2,150.83 Rent & Light ... 312.24 Salary . ... 7,039.00 Taxes & Ins. ... 313.38 Telephone ... 477.11 79,569.27 Less: Commissary ... . Telephone ... . 54.45 10.82 65.27 79,504.00 Dec. 31, 1945 Balance -

6 6 6

-14,732.51 $94,236.51