NOTICE OF ANNUAL MEETING

The Annual Meeting of the stockholders of Las Flores Water Company will be held on Monday, March 15, 2021 at 7 p.m. for the purpose of electing Directors and for the transaction of such other business as may regularly come before them.

Due to restrictions for in person meetings, Las Flores Water Company’s Annual Meeting will be conducted via ZOOM. Here is the information to join the meeting.

To join the LFWC Zoom Meeting type the following address in your internet browser:

https://us02web.zoom.us/j/81218038804?pwd=WmFRclltYmJrNSswSkt0MENwei83dz09

You may be asked to input this information:

Meeting Id:  812 1803 8804

Passcode: 945218

 

You may also join the Zoom meeting by phone:

Dial: +1-408-638-0968

When prompted enter the Meeting id and then the Passcode listed above.

 

 

 

 

 

 

 

LAS FLORES WATER CO.

LAS FLORES WATER CO.

STATEMENT OF INCOME

BALANCE SHEET

FOR THE YEAR ENDING DEC. 31, 2020

FOR THE YEAR ENDING DEC. 31, 2020

REVENUES

CURRENT ASSETS

Water Sales

2,023,684

Cash & Cash Equivalents

1,164,839

Other

0

Accounts Receivable, Net

191,583

Total Revenues

2,023,684

Materials & Supplies

30,711

Prepaid Expenses

8,832

OPERATING & MAINTENANCE EXPENSES

Total Current Assets

1,395,965

Source of Supply

788,472

Pumping & Purification

208,685

UTILITY PLANT

Distribution

240,359

Land

36,236

Total Direct Costs

1,237,516

Buildings

422,434

Map, Survey & Engineering

73,003

Gross Profit

786,168

Wells, Tunnels & Reservoirs

1,100,705

Distribution System

2,534,798

OVERHEAD EXPENSES

Furniture & Fixtures

10,871

Commercial

19,858

Trucks

121,154

Administrative

401,641

Equipment

196,862

General

148,983

Construction in Progress

0

Total Overhead Expenses

570,482

Total Utility Plant

4,496,063

Income before other Income &

Less Accumulated Depreciation

(2,394,243)

Provision for Income Taxes

215,686

Utility Plant - NET

2,241,084

OTHER INCOME

33,257

OTHER ASSETS

1,000

INTEREST EXPENSE

(14,994)

LOSS ON DISPOSITION OF ASSETS

0

TOTAL ASSETS

$3,638,049

INTEREST INCOME

5,641

23,904

LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

(Loss) Income before provision for Income Taxes

$239,590

Current portion of note payable

46,599

Accounts Payable

       75,378

PROVISION FOR INCOME TAXES

800

Accrued Liabilities

38,199

Total Current Liabilities

160,176

Net Income

$238,790

NOTE PAYABLE Less current portion

     233,431

Total Liablilities

     393,607

STOCKHOLDERS' EQUITY

Capital Stock - Authorized

5,000 Shares, $100 Par Value

366,675

Paid in Capital

     240,002

Retained Earnings

  2,637,765

Total Stockholds' Equity

3,244,442

$3,638,049

**Abridged financial statements. Contact office if you require copy of a full statement (626)797-1138