HomeMy WebLinkAbout20020588.tiff RESOLUTION
RE: APPOINT DELEGATE TO REPRESENT WELD COUNTY AT ANNUAL MEETING OF
RURAL DITCH COMPANY AND AUTHORIZE CHAIR TO SIGN PROXY
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, it has been determined that Weld County should have a delegate to act as
its representative at the annual meeting of the Rural Ditch Company, which is scheduled for
March 23, 2002, at 10:00 a.m., and
WHEREAS, the Board deems it advisable to appoint Lee Morrison, Assistant County
Attorney, as the delegate to represent Weld County at said meeting.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that Lee Morrison, Assistant County Attorney, be, and hereby is,
appointed as the delegate to represent Weld County at the annual meeting of the Rural Ditch
Company, said meeting being scheduled for March 23, 2002, at 10:00 a.m.
BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized
to sign the proxy appointing Lee Morrison, Assistant County Attorney to represent Weld County
at said annual meeting.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 11th day of March, A.D., 2002.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: er/ .. �� rte.
" `� ��• 0,0% Glen V.-d, Chcr
Weld County Clerk to t C : I+ $5%
BY:
c g Ana, A David E. Long, Pro-Tem
Deputy Clerk to the Boa'�� 0,1° EXCUSED
M. J. Geile
APPRf D AS T RM: /
�. Jerke
y �
nt Attorn H.
Robert D. Ma den
Date of signature: 1/2/
2002-0588
BC0032
�(i ' t9 y...Jereme Aral ,i);ft'l( a .
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March 1, 2002
Shareholders
Rural Ditch Company
Longmont, Colorado
Dear Shareholders:
Please find enclosed a notice of the Annual Stockholders Meeting that includes a
PROXY for voting stock. You are encouraged to attend the meeting, but if you are not
able to attend, please sign and return the proxy in the envelope provided. ALL owners of
record of your stock need to sign the proxy notice. If you have any questions regarding
this requirement or the ownership of your stock, please do not hesitate to call me.
Please make note of the change in the location for the meeting and the time. The meeting
will be on Saturday morning, March 23, at 10:00. The meeting will be in the basement
meeting room of the First National Bank of Longmont, 4th Avenue and Main Street.
There is a door on the 4th Avenue side of the Bank. Please go down stairs to the meeting
room.
Please return your proxy immediately if you will not be able to attend.
Sincerely,
Dan Grant
Secretary/Treasurer
Rural Ditch Company
(303) 678-4179
P.O. Box 1826
Longmont, Co. 80502-1826
Enc.
2002-0588
THE RURAL DITCH COMPANY
NOTICE OF ANNUAL STOCKHOLDERS MEETING
March 1, 2002
Longmont, Colorado
The regular annual meeting of the stockholders of The Rural Ditch Company will be held
in the First National Bank Building South Basement Meeting
Room (enter off the 4th Avenue Door and go downstairs) 4th Avenue and Main Street,
Longmont at 10:00 a.m., SATURDAY, MARCH 23, 2002 for the purpose of electing
directors for the ensuring year and the transaction of such business as may properly come before
the meeting.
Dan Grant, Secretary/Treasurer
The Rural Ditch Company
(303) 678-4179
P.O. Box 1826
Longmont, Co. 80502-1826
Even if you expect to be present, please sign, detach, and mail the PROXY NOW. If you
are present, the Proxy will not be used, but we cannot have a legal meeting unless we have a
majority of stock represented.
PROXY FOR VOTING STOCK
KNOW ALL BY THESE PRESENTS, that I (We)(Record Owners of Stock):
Glenn Vaad, Chair, Weld County Board of Commissioners
do hereby constitute and appoint the President of the Rural Ditch Company, or
Jeff Jerome
of the Department of Public Works as my Agent, and in my name, place and
stead, to vote as my proxy at the annual meeting of The Rural Ditch Company to be held March
23, 2002 upon all matters that may properly come before said meeting or any adjournment
thereof according to the number of votes I should be entitled to vote if there personally present.
WITNE S MY HAND, this 11th day of Match
/
424
Signed Clerk to the .ar
G enn as
Signed, g
Deputy Clerk to the Bw
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Rural Ditch Company
01/09102 Balance Sheet Comparison
As of December 31, 2001
Dec 31,'01 Dec 31,'00 $Change %Change
ASSETS
Current Assets
Checking/Savings
Banking
Checking 1,371.89 1,565.00 -193.11 -12.3%
Savings#1930648 63,593.35 90,997.91 -27,404.56 -30.1%
Total Banking 64,965.24 92,562.91 -27,597.67 -29.8%
Total Checking/Savings 64,965.24 92,562.91 -27,597.67 -29.8%
Accounts Receivable
Accounts Receivable 0.00 -49.00 49.00 100.0%
Total Accounts Receivable 0.00 -49.00 49.00 100.0%
Total Current Assets 64,965.24 92,513.91 -27,548.67 -29.8%
TOTAL ASSETS 64,965.24 92,513.91 -27,648.67 -29.8%
LIABILITIES&EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Payroll Liabilities
Employee FICA 0.00 49.60 -49.60 -100.0%
Employee Medicare 0.00 11.60 -11.60 -100.0%
Total Payroll Liabilities 0.00 61.20 -61.20 -100.0%
Total Other Current Liabilities 0.00 61.20 -61.20 -100.0%
Total Current Liabilities 0.00 61.20 -61.20 -100.0%
Total Liabilities 0.00 61.20 -61.20 -100.0%
Equity
Retained Earnings 92,452.71 71,998.55 20,454.16 28.4%
Net Income -27,487.47 20,454.16 -47,941.63 -234.4%
Total Equity 64,965.24 92,452.71 -27,487.47 -29.7%
TOTAL LIABILITIES&EQUITY 64,966.24 92,513.91 -27,548.67 -29.9%
Page 1
Rural Ditch Company
01109/02 P&L Previous Year Comparison
January through December 2001
Jan-Dec'01 Jan-Dec'00 $Change %Change
Ordinary Income/Expense
Income
Stock Assessments 19,900.00 20,392.00 -492.00 -2.4%
Prior Year Assessments 0.00 1,800.00 -1,800.00 -100.0%
Crossing Agreements 4,500.00 13,500.00 -9,000.00 -66.7%
Discharge Agreement Fee 0.00 6,768.58 -6,768.58 -100.0%
Stock Transfer Fees
Less Secretary Fee -250.00 -50.00 -200.00 -400.0%
Stock Transfer Fees-Other 250.00 50.00 200.00 400.0%
Total Stock Transfer Fees 0.00 0.00 0.00 0.0%
License Fee 0.00 250.00 -250.00 -100.0%
Reimbursed Expenses 3,709.24 1,492.15 2,217.09 148.6%
Refunds 1,450.88 -993.84 2,444.72 246.0%
Total Income 29,560.12 43,208.89 -13,648.77 -31.6%
Gross Profit 29,560.12 43,208.89 -13,648.77 -31.6%
Expense
Ditch Supervision 0.00 5,718.80 -5,718.80 -100.0%
Payroll Expense
Superintendent Salary 3,500.00 0.00 3,500.00 100.0%
Secretary Salary 1,300.00 800.00 500.00 62.5%
Total Payroll Expense 4,800.00 800.00 4,000.00 500.0%
Payroll Taxes
Company FICA 347.20 0.00 347.20 100.0%
Company Medicare 81.20 0.00 81.20 100.0%
Total Payroll Taxes 428.40 0.00 428.40 100.0%
Rank Service Charges 84.16 11.53 72.63 629.9%
Contract Labor 0.00 350.00 -350.00 -100.0%
Directors Fees 3,400.00 0.00 3,400.00 100.0%
District 6 Assessment 2,766.32 2,492.08 274.24 11.0%
Dues,Subscriptions&Membershi 25.00 0.00 25.00 100.0%
Dues and Subscriptions 116.00 116.00 0.00 0.0%
Hand Tools 223.33 0.00 223.33 100.0%
Fuel 188.01 0.00 188.01 100.0%
Insurance
Directors&Officers Liability 964.00 1,025.00 -61.00 -6.0%
Liability Insurance 600.00 665.00 -65.00 -9.8%
Work Comp 684.00 641.00 43.00 6.7%
Total Insurance 2,248.00 2,331.00 -83.00 -3.6%
Machine Hire 1,803.81 0.00 1,803.81 100.0%
Office Supplies 21.86 9.69 12.17 125.6%
Postage and Delivery 101.07 121.00 -19.93 -16.5%
Printing and Reproduction 11.60 0.00 11.60 100.0%
Professional Fees
Accounting 210.00 195.00 15.00 7.7%
Engineering Fees 3,980.15 2,593.25 1,386.90 53.5%
Legal Fees 12,479.44 4,605.43 7,874.01 171.0%
Total Professional Fees 16,669.59 7,393.68 9,275.91 125.5%
Repairs 20,107.90 600.00 19,507.90 3,251.3%
Tree Removal 0.00 4,300.00 -4,300.00 -100.0%
Supplies 22.10 17.01 5.09 29.9%
Taxes
Federal 1,608.00 559.00 1,049.00 187.7%
Total Taxes 1,608.00 559.00 1,049.00 187.7%
•
Travel&Ent
Meeting Expense 50.00 15.40 34.60 224.7%
Total Travel&Ent 50.00 15.40 34.60 224.7%
Page 1
Rural Ditch Company
01109102 P&L Previous Year Comparison
January through December 2001
Jan-Dec'01 Jan-Dec'00 $Change %Change
Vehicle Expense 3,500.00 0.00 3,500.00 100.0%
Total Expense 58,175.15 24,835.19 33,339.96 134.2%
Net Ordinary Income -28,615.03 18,373.70 -46,988.73 -255.7%
Other Income/Expense
Other Income
Interest Income 1,127.56 2,080.22 -952.66 -45.8%
Interest on Unpaid Stock Assess 0.00 0.24 -0.24 -100.0%
Total Other Income 1,127.56 2,080.46 -952.90 45.8%
Net Other Income 1,127.56 2,080.46 -952.90 -45.8%
Net Income -27,487.47 20,454.16 47,941.63 -234A%
Page 2
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