| Schedule of remaining third party obligation |
| |
|
Export Water Proceeds Received |
|
|
Initial Export Water Proceeds to Pure Cycle |
|
|
Total Potential Third-Party Obligation |
|
|
Paticipating Interests Liability |
|
|
Contingency |
|
| Original balances |
|
$ |
|
|
|
$ |
218,500 |
|
|
$ |
31,807,700 |
|
|
$ |
11,090,600 |
|
|
$ |
20,717,100 |
|
| Activity from inception until August 31, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquisitions |
|
|
|
|
|
|
28,042,500 |
|
|
|
(28,042,500 |
) |
|
|
(9,790,000 |
) |
|
|
(18,252,500 |
) |
| Relinquishment |
|
|
|
|
|
|
2,386,400 |
|
|
|
(2,386,400 |
) |
|
|
(832,100 |
) |
|
|
(1,554,300 |
) |
| Option payments - Sky Ranch |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| and The Hills at Sky Ranch |
|
|
110,400 |
|
|
|
(42,300 |
) |
|
|
(68,100 |
) |
|
|
(23,800 |
) |
|
|
(44,300 |
) |
| Arapahoe County tap fees * |
|
|
533,000 |
|
|
|
(373,100 |
) |
|
|
(159,900 |
) |
|
|
(55,800 |
) |
|
|
(104,100 |
) |
| Export Water sale payments |
|
|
569,200 |
|
|
|
(445,800 |
) |
|
|
(123,400 |
) |
|
|
(42,900 |
) |
|
|
(80,500 |
) |
| Balance at August 31, 2015 |
|
|
1,212,600 |
|
|
|
29,786,200 |
|
|
|
1,027,400 |
|
|
|
346,000 |
|
|
|
681,400 |
|
| Fiscal 2016 activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Export Water sale payments |
|
|
34,400 |
|
|
|
(30,300 |
) |
|
|
(4,100 |
) |
|
|
(1,400 |
) |
|
|
(2,700 |
) |
| Balance at February 29, 2016 |
|
$ |
1,247,000 |
|
|
$ |
29,755,900 |
|
|
$ |
1,023,300 |
|
|
$ |
344,600 |
|
|
$ |
678,700 |
|
* The Arapahoe
County tap fees are net of $34,522 in royalties paid to the Land Board.
|