Annual report pursuant to Section 13 and 15(d)

WATER AND LAND ASSETS (Details)

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WATER AND LAND ASSETS (Details) (USD $)
Aug. 31, 2014
Aug. 31, 2013
Costs $ 93,887,500 $ 90,805,200
Accumulated Depreciation and Depletion (2,469,400) (2,293,000)
Net investments in water and water systems 90,823,916 88,512,249
Arkansas River Assets
   
Costs 68,340,600 69,112,300
Accumulated Depreciation and Depletion (1,488,600) (1,487,700)
Rangeview Water Supply
   
Costs 14,444,600 14,667,000
Accumulated Depreciation and Depletion (8,400) (7,700)
Sky Ranch Water Rights And Other Costs
   
Costs 6,004,000 3,915,100
Accumulated Depreciation and Depletion (93,000) (79,800)
Fairgrounds Water And Water System
   
Costs 2,899,900 2,899,900
Accumulated Depreciation and Depletion (710,600) (622,600)
Rangeview Water System
   
Costs 1,148,200 167,700
Accumulated Depreciation and Depletion (77,900) (72,800)
Water Supply Other
   
Costs 1,050,200 43,200
Accumulated Depreciation and Depletion $ (90,900) $ (22,400)