#30 Reports, estimate

(1)

'410.

CERTIFICATE OF T.ELLERS.

the undersined, appointed as tellers, do hereby certify that at a m7ular meetin7 of the stockholders of The Montezuma Valley Irrip,7atio4 Comarr, held at Cortez, Colorado on Monday December 5th. 1932, an election was held for tle pur-pose of electing a Board of Dinctors of said company for the en-suing year; that there were presented at said meeting 18,196 shares of the capital stock of said company; that said number of shares represented a majority of outstanding stock of the company; that the for owing loathed persons received the number of votes set opposite their names respectively, to-wit:

N.E.Carpenter 19157 R.J.Bryce 19157 G.H.Talcott 19157 J.J.Downey 17918 J.Tayler 'Alkerson- 19157 H.F.Morgan 18157 Philip Runck 18157 300.Englehart 239 Wm. Roelker 273

In 1;itness Whereof, we haw hareunto set our lands and seals this 5th. day of December A.D.1932

Attest: Telle r a Secretary'. SEAL SEAL

(2)

(3)

PROXY

I hereby authorize

to act as my proxy, and to cast my ballot representing shares, at a special meeting of the stockholders of the Montezuma Valley Irrigation Company, to be held at Cortez, Colorado, March 23, 1931.

(4)

1

1930. 931.

Auto and Truck, 1,126.81 1,800.00

Ditch Riders,

Ditch Riders, 4,081.17 4,081.17

Secretary & Treasurer, 1,800.00 1,800.00

Superintendent, 2,000.00 3,000.00

Head Gate Keeper, 496.68 496.67

Interest, 381.71 381471

Insurance, Fire & Compensation 589.29 589.29

Koehring Machine, 8,323.36 10,823.36

Planing Mill, 1,054.82 1,054.82

Caterpillar Tractor, 1,107.49 :1,200.00 Maintenance Ditches, Labor, 7,781.49 7,500.00 Explosives, Hdw, Nails, etc., 427.36 427.36

Pipe Bans and iron, None 491.30

Miscellaneous, 1,707.96 1,707.96

Miscellaneous Labor, 1,171.38 3,100.00

Creosote Plant, 1,172.41 75.00

Office Expense, 242.31 242.31

Superintendents. House, 31.05 ITone

Taxes, 3,091.10 211.10

Equipment and supplies, 524.28 524.23

Lumber, 2,405.57- 2,405.57

Telephone & Te1e7raph, 263.29 263.29 Uertificates of Purchase, 553.56 553.56 Notes Payable, 7,043.16 8,087.50 Tunnel Rail,. 1,674.00 Lumber, 7,000.00 Cement, 1000 sacks, 1,000.00 Morton 21ume, 5,000.00 Directors, 420000 420-.00

(5)

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(6)

(

Distribution of Expenditures

Jany. 10,1929, to December lst,1929.

Koehring Machine Operation.

, Planing Mill Operation,

Truck and Auto,

Directors and secretary, Ditch Riders,

Head Gate Keeper,

Superintendents Salary,

Maintenance Ditches E. Reservoirs, Insurance, Fire (v Oomlensation, Explosives, Hardware, ilails, etc., Miscellaneous Labor,

Taxes,

Truck and Automobile, Telephone & Tele7raph, Equipment and supplies,

Gas, Oils, Labor, Gas, Oils, Labor, Gas, Oils,

Annual payments on Certificates of Purchase, Lumber,

Wiers,

Interest on note, held by State of Colorado, Office expense & imrovements,

Engineering & supplies, Miscellaneous Items,

Balance cash on hand & in banks,

Repairs, etc.,6,503.65 4,316.38 10,820.03 Repairs, etc., 253.78 896.06 1,149.84/ Repairs, etc., 1,137.89 060.00 652.41 2,750.00' 11,217.71, 534.04 ,-653.37 535.14 582.79' 1,493.67 275.52 765.64' 572.91 5,834.72 766.01 (Hathcock) 120.00 282.78 289.73 , 1,450.09 47,936.90 3,432.08 51,368.98

(7)

(8)

CASH DISBURSEMENTS OF TUE MONTEZUMA VALLEY IRRIGATION COMPANY FOR THE YEARS 1933 TO 1936 INCLUSIVE.

Directors & Secretary Superintendent's Salary Ditch Riders

Koehring Machine Oper. Planing Mill Operation

Truck & Car Empense Equipment & Supplies Headgate Keeper.

Comp.& Fire Insurance Office Expense

Superintendent's House Miscellaneous Items

Telephone & Telegraph ' Explosives & Hardware Miscellaneous

Labor-Certifieate of Purch. Taxes

Maintenance Ditches etc. Lumber

Truck Asset Account Narraguinnep Reservoir Engineering & Supplies Deaver QreeK Aeservoir Groundhog Reservoir Legal expense

Real Estate & Impr. Caterpillar Tractor Ttnnel

Notes Payable

Certificates of• Indebt. Assessment Refunds

Auditing('29 to ' ,o'.;04To inc.)

12/31/32 12/31/53 to to 12/31/33 12/51/34 ; 1;980.00 q 1;934.00 3;000.00 2;541.63 3;115.82 2;942.05 6,760.33 2,605.95 '709.39 967098 1,180.51 987.82 228.55 267.38 492..50 326.16 475.84 373.34 226.41 263.72 ' 39.41 ' 51.56 1,630.06 1,548.79 232.15 230.37 90.46 152.03 134.32 595.40 509.79 268.91 2,485.31 5473,73 203.45 3,442.75 579.15 121.66 79.12 1,1rInicri 5172.c15 17.50 120.85 3;859.11 4,577.69 17.00 222.15 258.76 342.13 ' 54.72 4,960,26 TOTALS _{$33';1534,06 4c3}

Balance on Hand & in Banks Dec. Cash Receipts 12/51/32 to 12/31 Total Money to Be Accounted For Cash Disbursements 12/51/32 to Balance on Hand & in Banks Dec.

Cash Receipts 12/51/33 to 12/51 Total Money to Be Accounted For Cash Disbursements 12/31/33 to Balance on Hand & in Banks Dec.

Cash Receipts 12/31/34 to 11/30 Total Money to Be Accounted For Cash Disbursements 12/31/34 to Balance on Hand & in Banks Nov. Cash Receipts 11/30/35 to 11/30 Total Money to Be Accounted For Cash Disbursements 11/50/35 to Balance on Hand & in Banks Nov.

001Puor 2'221.57 31, 1932 /33 12/51)33 31, 1933 /54 12/31/34 31, 1934 /3 11/30/35 30, 1935 /36 11/50/36 30, 1936 12/51/54 to 11/50/35 11/30)35 to 11/50)36 1555.67 1;521.00 2;291.67 2;500.00 2978.27 3;559.90 2,697.39 4,936.88 442.56 '610.81 1,825.04 2091.96 812.57 1,677.81 478.50 518.00 327.59 158.40 37.08 255.39 229.11 72.12 560.47 157,64 4,152.83 721.48 873.34 134.81 72.19 103.93 ' 58.13 1,086.40 43,94 354.79 551.99 4,615.06 616.05 19.00 (.300.00 $28,583.41 457.50 110.79 114.06 137.54 302.45 713.85 151.50 ' 12.97 5;590.77 1,252,53 29.90 327.46 • 3,176.79 '108.20 1,273.75 253.99 2;075.37 2,200.00 8.03 31.00 50.00 05,874.81 602.65 37;515.17 38;117.82 33153.06 4;964.76 54'451.27 416 .03 32221.57 7,1D4.46 22029.36 29;223.82 28,583.41 640.41 36 243 -3-6;884.40 35;874.81

,'c3'9 .b9

(9)

Disbursements

November 30, 1931, to March 15, 1932.

Auto and Truck Expense, _457.13

Ditch Riders, _201.82

Directors & Secretary, _805.00

Headgate Keeper, _21.63

Interest, _383.81

Insurance, Fire & Compensation, 451.83 Koehring Machine Operation, _2,114.83 Pleanig Mill Operation, _189.89 Caterpillar Tractor Operation, 465.53

Legal Expense, _20.00

Maintenance Ditches, (Labor) 600.95 Explosives, Hardware, Nails, etc., 86.72

Miscellaneous Items, _433.73 Miscellaneous Labor, _23.87 Office Expense, 48.09 Superintendents House, 14.32 Superintendents Salary, 1,000.00 Taxes, 1st half 1931, 130.36

Telephone & Telegraph, 51.90

Tunnel, (Labor) _380.00

Equipmentand supplies, _147.82

Lumber, _158.47

Notes Payable, _2,250.00

Dawson Draw Reservoir, _5.58

Certificates of Indebtedness paid, 4,956.45 15,397.73 Cash on hand and in Banks, 4,712.36 20,110.09

(10)

• , 1/44:

(11)

Disbursorlonto

Auto and Track expenoe. . ... ... ow . ... Atch:iiders i.," ';:lator 7Aotori • • • • • • ... Aroctoro 6ocretqry.. • • • • 0 0 • 0 4 ... 4 •

'Read. 3ato Yeopor...rr. 000r re.* .410•00

J uimont ,r2.. [..;urrilos,....—

Intorost • a 0 • ***** • 0 • • 0 • • • ********* 0 0 0* 0

Piro (" Componzation Inaurnco....— Koohrin L4xchiro oneru ..::::tior... Finnin7 17:.111 oponition...„ ..., Co,toriilar '2ractor ororatioll„. ...„. :-,,lintomnco :Itches 'load 'cre-:, P.L.,.)or)

717.-cp3col:Tcs, Thrinro (". 'Tails, olt.

71

scalIancous Itorn2 ** .„. * * 0 . A I,• • 0 o t• et +I 0 •

Ascellanoouo Labor,— .„ 0 4 4

Offt .monoe... „.... • .*3o

... , , q . , ...

Suporinton6ort is -:07ile...000 00 4 • 0 0 0 40 0 0 0

arnorintonOontio ,r- lt_t-ry. „.., .540505•00fr Tolophone ,`', 2olor77, .. , 4o** • •04 4•0* *0*

L er0000000004 ,0 000400 00 00400400,.000 Ira rmgrulacto-o ,•..e 3°1-7°120 1 a 0 5 0 0 • 4 0 • • • • • 0 lj

Totes Payable.0„,„4„.0 0 4 0 . 4 0 0 ,' 0 * r: • 0 0 Cortificytoo. of inZiebte6:nwio _, ;5,14'1.90 2,045.00

4..30

251.05 1124. 79ri 521.74 7),712.07 J7(J.07 1:,I75 2 17 10. ,i6 2,05, 18C.>5 21) 3( .31 00' .)0 21.,030 1, 13 ;5093

TIalunco on hand and in -lanks. ... 77,1*j5

(12)

:;9,LIT77715-DISBURSEMENTS

NOVEMBER 30, 1934, TO NOVEMBER 30, 1935.

Certificates of Indebtedness,

cs: • 738.15

Automobile and Truck Expense,

1;865.42

Ditch Riders and ',,Is ter Master,

3,078.27

Directors and Secretary,

1,709.67

Head Gate Keeper,

478.50 Engineering and Su.ppl

les

,

72.19 Interest,

116.02 Fire and. Compensation Insurance,

431.99 lioehrinp,. Machine Operation,

2,856.21

Planing Mill Operation,

450.56 Caterpillar Tractor Operation,

571.63 Legal Expense,

'

43.94 Maintenance Ditches and Head 'dorks

,

41912.13

Explos

ivies

,

Hardware, Nails, etc

.

,

_87.77

Miscellaneous Items,

411.45 Miscellaneous Labor,

610.47 Auditing,

300.00 Office Expense,

199.29 Superintendent's House,

'

42.08 Superintendent's Salary,

2;500.00

Telephone and. Telegraph,

243.79 New Truck including Body,

873.34 Tunnell Labor and Repair,

4,615.06

Equipment and Supplie

s

,

_821.57

Ground Hog Reservoir,

1,086.40

Lumber,

1,240.24

Beaver Creek Ditch and Reservoir,

58.13 Narraguinnep Reservoir,

_134.81

Narraguirmep Reservoir, Certificate of Purchase,

157.64 Real Estate,

370.09

(13)

DISBURSEMENTS

NOVEMBER 30, 1935, TO N0VE/D3ER 30, 1936.

Refund to State of Colorado, Account overpaid, 9

Certificates of Indebtedness, Automobile & Truck Expense, Ditch Riders & Water Master, Directors & Secretary,

Headgate Keeper,

Engineering & Supplies, Interest,

Fire & Compensation Insurance, Koehring Machine Operation, Planing Mill Operation,

Caterpillar Tractor Operation, Legal Expense,

Maintenance Ditches & Head Works,

31.00' 8.03 , 21,091.96. 3,559090 1,621.00 518.00-29.90. 327.46 457.50-4,936.88, 610.81- 253.99-108,20. 5,590.77, Miscellaneous Items, 137.54 -Miscellaneous Labor, 713.85' Auditing, 5040* Office Expense, 110.79.

Superintendent's Personal Account, 114.06

Superintendent's Salary, 2,500.00

Taxes,

Telephone & Telegraph,

12.97-302.45

Tunnel Labor & Repair, 2,075.37.

Equipment & Supplies, 1,677.81

Groundhog Reservoir, 3,176.79 ,

Lumber, 1,232.53

-Narraguinnep Reservoir, Certificate of Purchase, 151.50-Real Estate,

Notes Payable,

1,273.75-2,200.00'

(14)

DDBURSEMENTS

NOVEEBER 30, 1936 TO NOVEIIMBER 30, 1937.

Loss through Closing of Mont. Valley National Bank, • 7.12

Automobile & Truck Expense, 2,28847

Ditch Riders & Water Master, 3;559.40

Directors & Secretary, 1,806.50

Head Gate KeeDer, 505.77

Engineering Supplies, 7.73

Interest, 444.02

Fire & Compensation Insurance, 549.40

Koehring Machine Operation, 5;269.56

Planing Mill Operation, 1,950.89

Caterpillar Tractor Operation, 190.17

Legal Expense, 153.02

Maintenance Ditches & Head Works, 4,742.41

Hardware etc., 21.63

Miscellaneous Item Account, 200.91

Miscellaneous Labor, 1,954.46

Office Expense, 96.27

Auditing, 50.00

Superintendent's House, ' 75.24

Superintendent's Salary, 2,644.16

Telei)hone & Telegraph, 288.79

New Automobile, 512.04

Tunnel Labor & Repair, 1,035.53

Equipment & Supplies, 3,158.90

Weirs, 25.16

--4Groundhog Reservoir, ' 87.66

Lumber, 5,782.00

Narraguinnep Reservoir, 146.95

Certificate of Purchase(State of Colorado), 145.36

Real Estate, '204.45

Notes Payable, 2,900.00

Social Security Taxes, 860.35

(15)

DISBURSEMENTS

NOIMI:5PR 30, 1937 TO NOVEMBER 50, 1938.

/Automobile & Truck Expense, t- Ditch RiLl.er & 7ater Master,

„Directors & Secretary, if Head Gate Keeper,

Vngineering Supplies, , Interest ,

/Piro & Compensation Insurance, t/Dragline Operation, r Planing-Mill Operation 2 v Caterpii --Traitor Operation, Legal- Etyer,se

vliaintenanco, Ditches, Headworks & Reservoirs, Miscellaneous Item Account,

Miscellaneous Labor, /Office Etrerse,

(Auditing,

/Advances for Superintendent, giiii-e-iinteindiint-ts *Salary, /Irele-Phorie -& Te1e.3-faph, v nfle-1--- Labor II-et-air, & Supplies, v rrrigati Oil Dfftrict,

Purcha-30 of Cp,t3rollla..t' Tractor Purchase of Osgpod Excavator,

Certificate of Pu,rcliase (Narriquir n-r) ReEiervoir) 7 Ye-a-I-Edfitte

v'Notes Payablet Loans paid back) / Certificates of Indebtedness paid, /Social Uecurity Taxes,

2-11 279 077 3,736.93 1,898.00 440.69 7.50 630.48 522.48 4,575.93 / 999.25 497.57 230.00 •/7,270.67 234.06 991.85 122.66 , 50.00 L-/301.80 2,673.00 535.44 673.98 1,651.47 736.44 450000 5,400.00 480.91 139.22 • 88.02 9625.00 . 12.00 -.832.26 Total 40,907.38 4

(16)

a Statement of Receipts and Disbursements

for the period ending Dec. 1st., 1922. RECEIPTS.

Amount on hand last report ,= =

Reed from suhdry persons a/c maintenance for 1921

TT TY 4 " 1922 ", • 5.949.24 281.50 32;821.00 F. L. q _Co. _{a/c interest on their note} ₂₇₅₅₄₃

sundry persons a/c interegt on their loans

TT

int. on daily balances in banks and int. and interest on delinquent maintenance

T?

sundry items

• F. L. S. Co. balance due on their note • F. L. Kirk to apply on his note

Ti

Our Bills Payable

DISBURSE1TENT • 1,743.62 '997.95 1,690.50 '250.00 15,000.00 Q 61,489.24

Paid Directors and •Jecretary salaries 2,335.00 ,

• Superintendent salary 1,866.67 ,

• Office expense 178.21

• Legal expenses 147.50 e'

614.10 -n _{Interest on our Bills Payable}

171.13 ,--Ilaterials - 986.77 , Lumber _2,578.63 Equipment '225.84 Labor 21,517.58 i' Telephone Service '192.45 ,'" Auto expenses 2;913.03 . Miscellaneous expenses 1,749.90 < Narraquinep Reservoir 7,325.09 Groundhog Reservoir 705.90 -Redlands ' 40,32 . Hermano 1,032.75 v Headgates 1,214.33 -Alkali 21.54 / Sidewalk Office - 99.96 -' Bills Payable 7.500.00 Dawson Reservoir 1,348.85

Escrow a/6 to cover freio.ht charges etc. on

Yoehring Liaclline 2,500.00 ',

(17)

Item of labor being distributed as follws :

Ditch riders

On Cortez Lateral Great Cut

U. Lateral

Garrett Ridge Lateral Redlands Lateral -iest Lateral East Lateral Cork-screw Lateral Goodland Lateral May Lateral

Lower Arickaree Lateral Upper .Arickaree Lateral Moonlit Lateral

Rocky Fiord Lateral tJte Mountain Lateral Duncan Lateral

Sundry private Laterals High Line Lateral

Trail uanon Pipe line Alkali Pipe line

Morton 21ume No. 2 Canal

Lone Pine Lateral Lower end of Tunnell :A.scellaneous Laterals 5,454.98 1,232.39 450.00 639.75 190.50 2,469.37 138.50 265.50 163.50 25.00 105.25 127.05 443.53 '304.00 2,138.89 586.61 25.00 123.00 2,377.92 216.32 38.40 194.00 1,766.73 476.15 60.12 1,455.12

Maintenance collected for the year 1922

...) 21,017.s8

32;821.00 unpaid maintenance for the year 1922 8,677.00

Total amount of assessable stock _41,498.00

Total amount of capitalization _50,000.00

Total amount of assessable stock _41,498.00

total amount of non-assessable stock _{. 20.00}

total amount of stock in treasury _80482.00

50,o00.00

Pills _{t11- comrany}

Respectfully submitted

(18)

M E MO

Cortez, Colorado August 23, 1938.

This is to certify that I have in my possition'the Weather—Btreau 114441eli4e belong.ing to The Montezuma Valley Irrigation Company for the period from January 1935 to August 1937.

(19)

I.M1111

COMPARATIVE STATEMENTS FOR THE YEARS 1932, 1933, OF RECEIPTS AND DISBURSEMENTS.

TEAR 1932

1934, AND 1935

Cash balance at the end of 1931 361.63

Maintenance receipts - 31,962.68

Other sources receipts 13.164.21

Total receipts 45,488.52

Disbursements-- —44.5j3.06

Cash balance over disbursements 935.46

Uncollected maintenance 22,976.67

Notes receivable 7_,297.26

Total assets 31,209.39

Total liabilities 18.321.46

Balance assets over liabilities 12,887.93

YEAR 1933

Cash balance at end of 1932 935.46

Maintenance receipts 19,570.96

Disbursements _ 38,773.47

Notes receivable 5,687.96

Total liabilities 14.214.45

YEAR 1934

Cash balance at end of 1933 774.33

Maintenance receipts -30,823.91

Total receipts 41,577,62

Disbursements • 36,428.43

Cash balance over disbursements 5,149.19

Notes receivable 4041.00

Total liabilities 1,980.90

Year 1935

5,149.19 Cash balance at end of 1934

Maintenance receipts -22,431.65

Other sources receipts (Borrowed ,1.775.00) 9„285.57

Disbursements 31,076.81

Uncollected assessments 4,616.86

Notes receivable 4,323.08

Total liabilities 2,860011

(20)

DECEMBER,JANULRY E.; FEBRUARY OF YEAR 1936 Cash on hand at end of 1935

Maintenance receipts

Other sources receipts (Borrowed , 6000.00) Total receipts

Total disbursements

Cash balance over disbursements Uncollected assessments

Notes receivable Total assets

Total liabilities

Balance liabilities over assets

640041 1,385.74 6.229.22 8,255.37 7.611.05 644.32 3,192.12 3,875.75 7,712.19 8,700.58 988,39

DIFFERENCE 3ETP1:4111 ii,3Ell'3 AND LIABILITIES FOR THE YEARS 1932, 1933, 1934, 1935, and 1936

1932 Assets over liabilities 12,887.93

1936 Liabilities over assets 988.39

Therefore, there is a drop in assets from March 1, 1935 to March 1, 1936 of , 11,249.17 plus 988.39 or a total of L.)12,237.56.

COMPARATIVE STATEMENT SHOWING THE TOTAL AMOUNTS OF LEVIES AND DISBURSEMENTS FOR THE YEARS 1932, 1933, 1934, and 1935.

Year 1932

Vy

Disbursements

Difference over levy

36,052.00 44.553.06 0,501006 Year 1933 Levy 17,993.00 Disbursements 38.773.47

Difference over levy 20,780.47

Year 1934

Levy 17,965.00

Disbursements 36.428.43

Difference over levy 18,463043

Year 1935

Levy 17,965,00

Disbursements 31,076.81

Difference over levy 13 9111.81

ESTLLIATE FOR 1936 USING MINIMUM E2CPEITDI'2URE FOR 15 YEAS PE1d01)

Total expenditures for 1935 31,076.81

Borrowed money 7,775.00

Equipment 4.000.00

Total 42,851.81

Uncollected maintenance Nov. 30, 1935 Interest

Notes receivable

Dragline El caterpillar Total

Balance after deduction

4.616006 742.33 125.00 216.73 5,700.92 37,150.89 As there are 35,905 sharo3 of outstandinA assessable stock the assessment per shar3 should be ;4.04.

(21)

SUPERINTENDENT'S ESTIMATE FOR THE YEAR 1937

FIXED CHARGES

Directors & Secretary $ 1869.00

Superintendent's Salary 2700.00

Water Master & Expense 1850.00

Legal Expense 180.00

Office Expense 150.00

Auditing 50.00

Telephone & Telegraph 302.45

Lumber, 150,000 ft. $20.00 per M. 3000.00 Certificate of Purchase (Narraguinnep) 145.36

Certificates of Indebtedness 37.00

Taxes 2500.00

Notes Payable 6775.00

Harry Abeln Salary 600.00

TOTAL FIXED CHARGES 3 20158.81

VARIABTiE CHARGES

Auto & Truck Expense 2500.00

Social Security O. A. B. & U. C. Taxes 625.00 Koehring Machine Operation & Repair 7000.00 Catterpillar Tractor Operation & Repair 754.00 Planing Mill Operation & Repair 1150.00

Engineering & Supplies 30.00

Interest 203.25

Fire & Compensation Insurance 557.50

Miscellaneous Items - 137.54

Equipment & Supplies(Nails, Nuts, Tools, etc.)- 900.00 Tunnel (Gravel, Lumber, Cement, Labor, Horses)- 1150.00 Groundhog Reservoir (Court Costs & Attorney)--- 25.00

Narraguinnep Reservoir Ripraping 65.00

Real Estate 75.00

Ditch Riders & H. Go Keeper (7 Riders,' Gateman) 4000.00

Structures 9655.87

Ditch Cleaning 1948.00

TOTAL VARIABLE CHARGES ;iii 30776.16

GRAND TOTAL, 50934.97

dith 35,905 shares of assessable stock outstanding, this is at the rate of ,fr 1.42- per shareo

,

20 /

e

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k' e fro Pt.'ø /

(22)

FIXED CHARGES

1111111.1100.11.11111MI

SUPERINTENDENT'S ESTIMATE FOR THE YEAR 1938

Directors & Secretary _{0 1869.90}

Superintendent's Salary 2700.00

Water Master _1500.00

Legal Expense _230.00

Office Expense _150.00

Auditing _100.00

Telephone & Telegraph _288.79

r

_{Certificate of Purchase (Narraguinnep).________ __...} _133.08"

Certificates of Indebtedness, _37.00

Taxes _3000.00

Notes Payable 9625.00

Harry Abeln Salary 600.00 TOTAL FIXED CHARGES

VARIABLE CHARGES

Lumber, 200,000 feet (0 47.00 per M. - 5400.00

Auto & Truck Expense _2500.00

Koehring Machine Operation & Repair 8769.00 Caterpillar Tractor Operation & Repair-- 1000.00 • Planing Mill Operation & Repair--- 1950.89 'Engineering ec. SuPplies--- --- --- 50.00

Interest _325.00

Fire & Compensation Insurance 549.40

Miscellaneous Items _200.91

-Social Security O. A. B. & U. C. Taxes-- 1100.00'

Equipment & Supplies _{2500.00 -,v}

Tunnel Labor & Repair _1035.53

8053Z737

Groundhog Reservoir Narraguinnep Reservoir Real Estate

Ditch Riders & Headgate Keeper-- --- --- ---Structures Ditch 'Cleaning 125.00 50.00 ' 25.00 . 2564.77'' 9655.00 -2560.00

TOTAL VARIABLE CHARGES* _40159.97

TOTAL FIXED & VARIABLE CHARGES* _{y 60392.84'}

Uncollected Maintenance Outstanding- _7309.40 Estimated Income from Miscellaneous Sources 1365.66 112041 Estimated Income Exclusive of 1938

Maintenance _8675.06

Unpaid Bills Feb. 28, 1938 _5624.96

Total Available Estimated Income Sxclusive of

1938 Maintenance _5050.10

NET BALANCE TO BE COLLECTED BY 1938 ASSESSMENT

dith 33285 shares of assessable stock outstanding, the levy should be 0..66 per share.

(23)

ESTIMATE OF COST OF OPERATION OF SYSTEM OF THE MONTEZUMA VALLEY IRRIGATION CO. From Nov. 30th, 1929 to Dec. 1, 1930

Director's Salary (Actual for 1929) Secretary & Treas. Salary U 71 11

11 It 11

Supt. Salary

71 11 71

Office Expenses

II U

Telephone & Telegraph

11

Water Department (Operation) Labor (Exclusive of Excavator &

11

Planing Mill)

11

Excavator

71 11 71

Planing Mill '(Operation)

71 11

Transportation - Cars & Trucks

Lumber & Piling New Estimate Engineering & Supplies (Actual for 1929)

Cement _{New Estimate}

11 71

Creosote

Metal Supplies (Band, Nails, Washers, Etc.) New Estimate New liquipment (Tools etc.)

Oakum 11 Ii

Rights of Way (1930 due)

Legal Expense _{New Estimate}

Taxes _{1929 - due in 1930}

Interest _{New Estimate}

Insurance (Compensation & Fire) Actual for 1929 Equipment - New _{New Estimate}

Explosives

Miscellaneous & sundry Items (Actual for 1929) Certificates of Purchase It If 77

Notes Payable _{Due 1930}

$430.00 1,800.00 3,000.00 305.93 297.59 4,770.02 13,070.20 110654.57 1,414.79 1,471.37 6,250.00 106.97 437.50 980.00 747.00 175.00 45.00 300.00 400.00 541,61 335.84 534.04 165.00 145.00 1,338.17 572.91 9,543.16 Total Assessable stock - 41,112 shares

$1.48 per share

(24)

DISBURSEMENTS From 1921 to 1929 Inclusive

The MONTEZUMA VALLEY IRRIGATION CO.

1921 $113,932.31 1922 73,06.25 1923 58,857.59 1924 49,040.99 1925 60,358.83 1926 70,718.00 1927 54,665.34 1928 _47,37.91 1929 _51,435.37 Tot al $579,607.39 $579,607.59 '465,675.28 392,614.03 333,756.44 234,715.45 224,356.62 153,638.62 98,973.28 51,435.37

Average for 9 yrs. it il 8 It 1! ₇ii li II _{6 n} ” li _{5 II} it It ₄ " tr ti 3 il It it ₂IT Fr year 1929 64,400.84 58,209.41 56,087.72 55,626.07 56,943.09 56,089.15 51,212.87 49,486.64

(25)

THE MONTEZUMA VALLEY IRRIGATION CO.

CORTEZ. COLORADO

311PERIITTENDZN.C3 E3TIIIATE FOR YEJ 1929.

4

Directors... 1928 460.00

"Secretary-Treasurer 1928 1,800.00 'Superintendent 1920 3,090.00

'

1

Water Department New estimate 5,450.00

'Office 1928 225.57

'Telec-raph Telerhone 1928 315.09 Excavator New estimate 11,200.00 iLletal Supplies 1929 2,451.16 'Lumber New estimate 6,620.70 Vueme.nt New estimate 500.00

Shinles New estimate 72.00

Viabor of every, kind, exclusive of

Excavator 1928 9,946.02

I New .autometi,6, Equipment 3,200.00 iNew Equipment, Slips 1929 ,252.00 .,:iscellaneous Tools e: LIM Supplies 350.00

Notes Payable, 1929 Rip7hts of Jay 1929

Interest 1929

Oompensation & Pire Ins. 1928 Enrineerinp cO Supplies 1928

Leal Expense 1928

Eiscellaneous 1928

Taxes 1929

Transportation, Truck 1000. Supts.Oar

350.00, Operator's Car:Z50.00 1,600.00 1,500.00 553.56 90.00 357.36 455.02 35.00 1,502.15 586.34 . Lssessable stock 41,112 shores.

1.28 per acre or .ihare. y52,501.97

(26)

THE MONTEZUMA VALLEY IRRIGATION CO.

CORTEZ, COLORADO 1921 to 1928, inclusive. • 'TL 73,061.25 58,857.59 1924 49,040.99 1925 60,358.83 1926 70,718.00 1927 54,665.34 19-8 47,537.91 5.28,172.22 ..528,172.22 ,z.14,29.91 Average.for 8 IT ,t 7 years, “ 66,021.53 59,177.13 J, ,178.66 6 11 56,863.11 282,321.07 Tr 5 TY 53,464.21 233,280.08 TT TT 4 58,320.02 172,921.25 3 57,640.42 102,203.25 TY TT

₂

TT 51,101.62 47,537.91 year 1923.

(27)

DISBURSEI,IENTS OF MONTEZTEJA VALLEY IRRIG_TION COW.i.NY "for Fiscal Year 1929 (Dec. 1st, 1928 to Dec.

1st, 1920)

-2xcavator operation Planing Mill operation

Transportation - Cars & Trucks operation Ditch J.ders

Directors' L Secretary's salaries Head-gato Keeper

Engineering & Supplies Interest

Insurance

Purchase Auto & Truck Rights of :ay

Maintenance of ditches etc. Narraguinnep _eservoir Explosives Miscellaneous Items Miscellaneous Labor Office Expense Superintendent's House Superintendent's Salary Taxes

Telephone & Telegraph Certificates of Purchase Equipment ec SUpplies 7,1er

Lumber

Beaver Creek Reservoir Blackamith Shop Balance on hLnd Dec. 1st, 1029 $11,654.57 1,414.'79 1,471.37 40137.61 2,230.00 632.41 10 6.97 120.00 634.04 1,493.67 25.00 12,349.45 69.00 653.37 1,333.17 651.75 305.93 121.90 30000.00 582.79 297.59 572.91 822.49 766.01 5,834.72 229.28 19.58 4Fir") 08 00 $54,867.45 1

(28)

ESTIMATE FOR 1927, _{SHOWING THE GENERAL OVERHEAD} AND WORK TO BE DONE

ITEM

Secretary and Directors Superintendent

Ditch Riders mos. 4815.00 Office

Telephone and Telegraph

Hauling Material & Transportation of Men Auto

Legal - Genl. 3 year averam Auditing- " " " tI

Miscellaneous

Reservoirs - State Land Board Payments Compensation Insurance

Fire Insurance

Premium Secys. Bond

Interest on $2750.00 C 6%, and $4500.00 8% for 1 yr. Taxes

Notes payable

NO. 2 CANAL Repair of cribbing at head works

Morton Flume - Reconstruction of 1000 ft. "U" LATERAL Twin Flumes Murphy Flume AMOUNT $2300.00 2700.00 6112.50 275.00 300.00 3350.00 1200.00 175.67 50.00 362.61 611.61 700.00 224.02 35.00 525.00 1500.00 7250.00 75.00 5000.00 1750.00 2500.00 MOONLIGHT LATERAL Cleaning Ditch 150.00

LONE PINE LATERAL

Elimination of Randall Draw Flume 1500.00

" Eaton 1200.00

Cleaning Dirt Work 550.00

3 drops

Divis ion Box at tail end

Repair Work

Gate Lift at Level Draw

GARRETT RIDGE LATERAL

LOWER ARICKOREE MAY LATERAL UPPER HERMANO LOWER HERMANO 375.00 25.00 50.00 125.00

Gate Lift at Hartman Spill Gate 125.00

Ditch Work in Rock Cut in Raugh's field 300.00 LOWER END OF TUNNEL

3 sets Division Gates 600.00

(29)

-2 Total Brt. Fwd. $41996.41 EAST LATERAL GOODLAND LATERAL Repair Work 75.00 CORTEZ LATERAL

Flume Repairs and Ditch Cleaning 175.00

CORKSCREW LATERAL

Repairs on Headgate and Division Box 95.00

ROCKY FORD LATERAL New Gates at Ritter Draw

New Flume at NO.7 Ditch Work Allen Fill 3 New Flumes Dirt Work 1 New Flume Dirt Work

UTE MOUNTAIN LATERAL

DUNCAN DITCH

HIGH LINE LATERAL Elimination of Flumes NOS. 3,4,5 and 18

Two new Flumes 19 and 6

Repair of Flumes NOS. 0, 18 and 25 Rebuilding 36' foot drop

Work on drain 25 Service Laterals 875.00 1200.00 1800.00 1750.00 1200.00 150.00 450.00 75.00 3600.00 2500.00 750.00 550.00 250.00 250.00

Repairs for Koehring Machine 1500.00

Shop Supplies and Equipment 500.00

Narraguinep Reservoir (Brush Rip-rap and Flume 125.00

Grand Total 459866.41

(30)

•

BUDGET FOR 1927

Based on a general average for a three year period, including the years 1924, 1925 and 1926, to which has been added current items.

ITEM AMOUNT

Directors and Secretary $2533.00

Superintendent 2500.00 Ditch Riders 6111.57 Maintenance Crew 6236.48 Irregular Labor 7233.44 Crane Operation 9936.64 Legal 175.67 Auditing 50.00 Lumber 6508.37

Supplies (Nails, Cement, Iron Bands, etc.) 2192.57 Equipment (Tools, Machinery, H. G. Lifts, etc.) 3613.79

Head Gates 950.00

Auto (Cost Reps., Gas, Oil, Tires and Leased Mach.) 2366.00

Trucks (Purchase Price) 1011.76

Telephone and Telegraph 296.42

Office (Coal, Stove, Supplies, etc.) 289.93

Miscellaneous 362.61

Reservoirs (Land Payments and Upkeep - Dawson

and Narraguinep) 662.82

Compensation Insurance 539.98

Fire Insurance 224.02

Premium Secretary's Bond 59,53

Interest 1449.77 Damages 46.66 Rights-of-way 66.66 Notes Payable 4500.00 Taxes 1500.00 itate Loans 2750.00 TOTAL

--Average receipts for a three year period, 1924 1925 and 1926, exclusive, of the R. R. contract for the N.M.Lbr. Co. and the yearly maintenance.

Interest '1573.79 Crane Operation 952.72 Gas Refund 188.06 Miscellaneous 152.09 Notes Payable 1062.31 TOTAL $S9n--;g7

Difference in general average 40,964 shares of assesible stock

No contingencies computed.

(31)

(32)

.8.

%oforrin/ to th .! no work th-t i one yonr

on tho upper hormuen one &irx'igutnnep t otrin be criid thnt trio ,nortiqn tb is mart f the ye tem frets $n en,032.-ering taut

co -1-71neroia1 tndprLikt mu an a betaute sluocieze,. it

by som.o tLat the to reviatar. -uald. the Do.st sels4,on wo.e. ....wort)! ,more to tho . taoJtholeiere ththn. it cost to r ibUttate the obove itwries

%'ho tiiti1. ptirt ot this rDnort

in tho '..!:eoretary ropOrt -for the yo enc- in? lioronlylr 30th,. 1922,

In oonairxioil o I Ini*;-, to tatYit,-, that It iv,*

bi-,en nyn tin to vsnder tart :ood and oo 11. rteous oriric,e *ta oonAtitions wmad permit.

(33)

Statement of Receipts and Disbursements for the period ending Dec. 1st., 1922.

Receipts

Amount on hand last report

Sundry persons

ale

maintenance for 1921

V? VI 4

" 1922

It

interest on their loans, interest on daily balances, interest on delinquent main. Sundry Items

Farm Lands Sec. Co. int. on their note

It It

" balance due on their note Frank L. Kirk payment on loan

Bills Payable Disbursements 5,949.24 281.50 32,821.00 1,743.62 997.95 2,755.43 1,690.50 250.00 15,000.00 61,489.24

Directors and secretary salary _$ 2,335.00

Supt. salary 1,866.67

Office expense 178.21

Legal expense 147.50

4116 Engineering expense 644.10

"Interest on our Bills Payable 171.13

Materials _986.77 Lumber 2,578,63 Equipment 225.84 \44.151)4.1. 21,517.58 Telephone service 192.45 Auto expense 2,913.03 Miscellaneous 1,749.90 Narractuinep reservoir 7,325.09 Groundhog reservoir 705.90 Redlands _40.32 Hermano lateral 1,032.75 Head-gates _1,214.33 Alkali _21.54 Bide-walk 99.96 Bills Payable 7,500.00 Dawson reservoir _1,348.8

Escrow to cover freight charges on Koehring machine 2,500.00

Cash on hand Dec. 1st., 1922. 4,193.69

(34)

L.

Item of labor distributed as follows :

Ditch-riders Cortez lateral Great

U. Lateral

Garrett Ridge lateral Redlands lateral :lest lateral East lateral 5,454.98 1,232.39 450.00 639.75 190.50 2,469.37 138.50 265.50 Cork-screw lateral 163.50 Goodland lateral 25.00 Lay lateral 105.25

Lower Arickaree lateral 127.05

Upper Arickaree lateral 443.53

Moonlip7ht lateral 304.00

! _{Rocky Ford lateral} _2,138.89

Uto :ountain lateral 586.61

Duncan lateral 25.00

:

3undry private laterals 12.5.00

FiFTh Line lateral 2,377.92

Trail Canon pipe line 216.32

Alkali Pipe line 88.40

Liorton Flume - 194.00

No. 2 Canal 1,766.73

Lone Pine lateral 476.15

Lower end of tunnel 60.12 /

Tascollaneous laterals 1,453.12

21,A7.58

•

-Tlaintenance collected for the year 1922 32,821.00

unpaid maintenance for 1922 8,677.00*

Total amount of asset'Isable stock 9 41,49 .00

Total amount of capital stock 50,000.00

Total amount of /13E3w:sab1e stock 41,498.00

Total amount of non-assessable stock 20.00

Total amount of treasury stock 3,482.00

:30,000.00

(35)

•

BUDGET

Tentative 1;stimte for the year 1923

*********14:***

Pipe rnterial

Hauling & Installation Pipe Material 200,000 feet lumber 026,00 per M 3,000 lbs. nails @ 6.25 pr mit.

700 oakum 3 16 cents

167

5/8"

19' - 5" Rods _{7 cts. per 10.}

II

183 i" X 19' - 3" " It TI 700 sacks cer..ent 01.16 per sack

400 lbs. malleable oast washers 18 cts. 200 " bolt 10 cts, pe2 lb.

20 rolls roofilig'4.00 per roll 21ackm/lithing 3upt. sec. qraae. Ditch Riders H. 2, Keoper LepT1 Office Telephone Dil-ectora

11nten2nce, T; R--O mo. for 11 monsmonths Transportation Dirt Uork Contingencies Engineering NotesPvable T 0 T A L ieceivable - Mnintenarue4,000. Bilis Rec. 3tate Loans 5,000,

11 •E T 13111F! 2eceivable in Treasury 45,0)0. 1,350.00 5,200.00 167.00 112.00 236.14 166.53 613.75 72.00 20.00 80.00 400.00 2,500.00 2,100.00 4,200.00 630.00 500.00 300.00 350.00 300.00 6,050.00 2,000.00 15,000.00 5,000.90 250.00 17,790.00 071,257.42 9,000.00 757 0 42 'Jr • e

(36)

629e74-Fixed items Directors _475.00 Secy _2100.00 Supt _2500.00 -Office 347.00

Talephdlne & Tele7raph 297.32

Ditch Riders _6252.06

-Lumber 6625.00

Excavator

9313.22--Compensation insurance _916.88

?ire insurance _302.44

State land payments xx 418.00

Maintenance crew

6242,27--Taxes _507.27

Trucks, cars & transportation Miscellaneous

4000.00,.. 1057.03

Legal expense _67.00

Engineering _10.00

Balance due on lumber for 1925 1400.00

Balance due on tractor _1000.00

Balance due banks _5000.00

Payments on Redlands IY Mc. Cabe " 1400,00 3haffstall 650.00 Green 500.00 1? Milligan 325:00

Interest payment on 3haffstall loan 63.00 51768.49 Variable items 800 lbs. washers _136.00 Shoes _675.00 Tongues _90.00 Bahds 24854 lbs. 69° _1481.24 Cement plastic 6000 lbs. 8c/ 480.00 Potrland cement 920 sax 1.16-2/3 1073.33 4000 lbs. nails=it- • 5 50 220.00

1500 yds burlap Q-!: _150.00

600 lbs. Oakum 15$ 90.00

Water pipe _233.00

Fire hydrants, hose etc. _206.30

60 days shop operation _450.00

80 kegs black powder 2.75 220.00

40 boxes white powder 9.00 360.00

6000 ft. fuse _42.80

3000 caps _49.50

Air compressor & equipment _750.00

Shingles for tunnel house _72.00

Team Work _4000.00

Iregular labor _2500.00

4 gate lifts _420.00

miscellaneous supplies _1500.00

Fence for shop grounds 172.20