| Schedule of remaining third party obligation |
| |
|
Export Water Proceeds Received |
|
|
Initial Export Water Proceeds to Pure Cycle |
|
|
Total Potential Third-party Obligation |
|
|
Participating Interests Liability |
|
|
Contingency |
|
| Original balances |
|
$ |
|
|
|
$ |
218,500 |
|
|
$ |
31,807,700 |
|
|
$ |
11,090,600 |
|
|
$ |
20,717,100 |
|
| Activity from inception until August 31, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquisitions |
|
|
|
|
|
|
30,428,900 |
|
|
|
(30,428,900 |
) |
|
|
(10,622,100 |
) |
|
|
(19,806,800 |
) |
| Option payments - Sky Ranch |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| and The Hills at Sky Ranch |
|
|
110,400 |
|
|
|
(42,300 |
) |
|
|
(68,100 |
) |
|
|
(23,800 |
) |
|
|
(44,300 |
) |
| Arapahoe County tap fees (1) |
|
|
533,000 |
|
|
|
(373,100 |
) |
|
|
(159,900 |
) |
|
|
(55,800 |
) |
|
|
(104,100 |
) |
| Export Water sale payments |
|
|
361,500 |
|
|
|
(262,800 |
) |
|
|
(98,700 |
) |
|
|
(34,300 |
) |
|
|
(64,400 |
) |
| Balance at August 31, 2014 |
|
|
1,004,900 |
|
|
|
29,969,200 |
|
|
|
1,052,100 |
|
|
|
354,600 |
|
|
|
697,500 |
|
| Fiscal 2015 activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Export Water sale payments |
|
|
207,900 |
|
|
|
(183,200 |
) |
|
|
(24,700 |
) |
|
|
(8,600 |
) |
|
|
(16,100 |
) |
| Balance at August 31, 2015 |
|
|
1,212,800 |
|
|
|
29,786,000 |
|
|
|
1,027,400 |
|
|
|
346,000 |
|
|
|
681,400 |
|
| Fiscal 2016 activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Export Water sale payments |
|
|
49,200 |
|
|
|
(43,300 |
) |
|
|
(5,900 |
) |
|
|
(2,000 |
) |
|
|
(3,900 |
) |
| Balance at August 31, 2016 |
|
$ |
1,262,000 |
|
|
$ |
29,742,700 |
|
|
$ |
1,021,500 |
|
|
$ |
344,000 |
|
|
$ |
677,500 |
|
| (1) |
The Arapahoe County tap fees are less $34,522 in royalties paid to the Land Board. |
|