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