Quarterly report pursuant to Section 13 or 15(d)

3. WATER AND LAND ASSETS (Details)

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3. WATER AND LAND ASSETS (Details) - USD ($)
May. 31, 2015
Aug. 31, 2014
Costs $ 97,656,200 $ 93,293,300
Accumulated Depreciation and Depletion (2,711,800) (2,469,400)
Net investments in water and water systems 94,944,350 90,823,916
Arkansas River Valley Assets    
Costs 68,821,400 67,746,400
Accumulated Depreciation and Depletion (1,488,600) (1,488,600)
Rangeview Water Supply    
Costs 14,444,600 14,444,600
Accumulated Depreciation and Depletion (8,600) (8,400)
Sky Ranch Water Rights And Other Costs    
Costs 6,551,400 6,004,000
Accumulated Depreciation and Depletion (170,100) (93,000)
Fairgrounds Water And Water System    
Costs 2,899,900 2,899,900
Accumulated Depreciation and Depletion (776,700) (710,600)
Rangeview Water System    
Costs 1,270,100 1,148,200
Accumulated Depreciation and Depletion (99,900) (77,900)
Water Supply Other    
Costs 3,668,800 1,050,200
Accumulated Depreciation and Depletion $ (167,900) $ (90,900)