| Remaining Third Party Obligation |
The remaining potential third-party obligation at May 31, 2018, is approximately $1 million.
| |
|
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, 2017: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
110,400 |
|
|
|
(42,300 |
) |
|
|
(68,100 |
) |
|
|
(23,800 |
) |
|
|
(44,300 |
) |
and The Hills at Sky Ranch |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Arapahoe County tap fees (1) |
|
|
533,000 |
|
|
|
(373,100 |
) |
|
|
(159,900 |
) |
|
|
(55,800 |
) |
|
|
(104,100 |
) |
Export Water sale payments |
|
|
676,500 |
|
|
|
(540,300 |
) |
|
|
(136,200 |
) |
|
|
(47,300 |
) |
|
|
(88,900 |
) |
Balance at August 31, 2017 |
|
|
1,319,900 |
|
|
|
29,691,700 |
|
|
|
1,014,600 |
|
|
|
341,600 |
|
|
|
673,000 |
|
Fiscal 2018 activity: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Export Water sale payments |
|
|
51,900 |
|
|
|
(45,700 |
) |
|
|
(6,200 |
) |
|
|
(2,200 |
) |
|
|
(4,000 |
) |
Balance at May 31, 2018 |
|
$ |
1,371,800 |
|
|
$ |
29,646,000 |
|
|
$ |
1,008,400 |
|
|
$ |
339,400 |
|
|
$ |
669,000 |
|
| (1) |
The Arapahoe County tap fees are net of $34,522 in royalties paid to the Land Board. |
|