switzerland county natural gas company ......switzerland county natural gas co., inc. trial balance...

SWITZERLAND COUNTY NATURAL GAS COMPANY

CAUSE NO. 45117

ACCOUNTING WORK PAPERS

loldhamNew Stamp

TRIAL BALANCE

ACCT. NO.

102.02 102.04 102.06 102.07 102.08 102.10 102.12 102.14 102.16 102.18 103.06 103.08 103.20 119.10 131.10 131.11 142.00 142.05 142.20 142.30 144.00 166.00 168.00 182.00 186.10 186.20

Switzerland County Natural Gas Co., Inc.

DESCRIPTION

ASSETS

Structures and lmproveme Land and Land Rights Mains Mains - Belterra Regulator Station Equipme Services Meters Meter Installations House Regulators House Regulator lnstallatio Office Furniture and Fixture Transportation Equipment Miscellaneous Equipment AID - Plant Checking Account Money Market Account Accounts Receivable Allowance for Doubtful Ace Accounts Receivable - Other Accounts Receivable - Stat Allowance for Doubtful Ace Prepaid Insurance Prepaid Rate Case Deferred Charge - Current Deferred Rate Case Deferred Tax Asset

TOTAL ASSETS

TRIAL BALANCE

TRIAL BALANCE 9/31/2017

$ 193,691.74 73,087.50

528,978.64 1, 700,592.00

91,753.71 240,812.41 228,837.60

67,919.31 45,483.64

4,423.60 40,700.70 79,608.88 98,569.39

(1,659,297.91) 98,820.23

126,150.48 47,000.57

( 11,400.01)

1,272.00

14, 187.43 13,685.74

1,550.10

80,998.00

$ 2,107,425.75


$ 184,607.61 73,087.50

494,593.91 1, 700,592.00

91,340.01 240,642.41 225,747.78

67,919.31 45,483.64

4,423.60 40,700.70 52,065.02 94,435.57

(1,561,386.33) 149,878.67 100,869.72

10,610.67 (9,920.07) 28,375.76

1,272.00

7,353.93 14,395.24

6,200.58 4,796.48

104,319.00

$ 2, 172,404. 71

ACCT. NO.

201.00 216.00 231.10 231.20 231.50 231.75 231.76 231.80 231.90 232.00 232.30 235.00 235.10 236.10 236.12 236.14 236.16 236.18 236.40 236.60 236.70 236.80 237.10 237.20 238.10 238.50 253.10 255.00

Switzerland County Natural Gas Co., Inc. TRIAL BALANCE

DESCRIPTION

LIABILITIES

Common Stock Retained Earnings Truck Loan Belterra Note Payable Building Loan Current Portion/Mortgage Current Portion Truck Loan Current Portion/Belterra Line of Credit Accounts Payable Accounts Payable - Gas St Customer Deposits Custom er Deposits-Unkno Federal Payroll Taxes FICA Payroll Taxes State Payroll Taxes Switz. Co. Payroll Taxes Other Insurance - Pretax Accrued Indiana Gross Tax Sales Tax Payable Accrued Property Tax Acer. IN Utility Receipts Ta Accrued Payroll Accrued Pension Accrued Aud it Fee Accrued Donations Deferred Credits Deferred Income Taxes

TOTAL LIAB & EQUITY

NET INCOME (LOSS)


$ (1,000.00) (494,562.38)

(29,259. 75) (1, 147,897.26)

(37, 146.51) (5,797.69) (6,901.75)

(42,515.00)

(47,083.37) (8,958.38) (6,710.00) (3, 185.00) (1,576.90) (1, 156.05)

(506.70) (165.36)

0.44 (4,094.62)

(10,537.14) 1,999.28

(9, 191.20) (13,951.60)

(6,999.99) (9.01)

2,462.00 (196,409.00)

$ (2,071, 152.94)

$ 36,272.81


$ (1,000.00) ( 436, 143.4 7)

(11,529.94) (1, 190,412.26)

(43, 119.08) (5,797.69) (6,901.75)

(42,515.00)

(39,815.21) (6,732.94) (6,903.61) (3, 185.00) (1,538.10) (1,151.51)

(507.40) (146.20) (218.21)

0.44 (2,396.59)

(11,044.60) (6,507.29) (7,982.08)

(11,700.00) (4,719.50) (1,578.81)

(69, 177.00) (201,263.00)

$ (2, 113,985.80)

$ 58,418.91

ACCT. NO.

480.00 481.00 482.00 484.00 486.00 487.00 489.00 490.00 491.00 492.00 493.00 494.00 975.20

416.00 730.00 762.00 904.00 904.10 920.00 921.00 921.01 921.02 921.03 921.04 923.00 923.10 924.00 926.00 926.10


DESCRIPTION

REVENUE

Residential Sales Commercial Sales Industrial Sales Gas Cost Adjustment Checking Account Interest Customer Penalties Money Market Interest Miscellaneous Connect Fees Reconnect Fees Return Check Fees Furnace Cleaning Energy Efficiency Rebates

EXPENSES

Non-utility Expense Natural Gas Purchases Mains, Services & Supplies Uncollectible Accounts Recovery Bad Debt Administrative Salaries Office Supplies & Expense Mail/Postage Telephone Utilities Membership Dues Outside Services Employe Outside Services-Legal/Ac Property Insurance Pension Expense Employee Health Insurance

TRIAL BALANCE


$ (301,831.55) (102,756.94) (637,026.01)

(71,639.00) (24.85)

(4,364.31) (280.76)

(3,396.00) (1,920.00)

(690.00) (44.00)

(599.30)

$ (1, 124,572.72)

$ 2,369.68 567,395.92

8,777.54 5,500.00 (686.95)

164,454.52 1,005.31 3,612.77 4,119.38 2,447.70

30.00 10,968.26 44,469.24 17,869.00 18,571.26

9,975.00


$ (301,022.10) (110,214.68) (541,653.57)

(23, 779.00) (48.90)

(5,227.12) (252.54)

(4,202.00) (1,290.00)

(810.00) (44.00)

(379.55) (2,471.65)

$ (991,395.11)

$ 5,785.73 457,865.08

6,689.70 9,000.00

(1,47 4.82) 159,880.11

2,074.03 3,769.04 4,201.43 2,790.15

605.00 12,915.43 17,655.00 25,580.00 15,555.50

8,077.53

Switzerland County Natural Gas Co., Inc. TRIAL BALANCE

ACCT. TRIAL BALANCE TRIAL BALANCE NO. DESCRIPTION 9/31/2017 9/31 /2016

926.15 Emp. Short Term Disability 1,866.30 2,356.50 928.00 Directors Fees 39,000.00 39,200.00 928.10 IN Utility Regulatory Comm 1,279.66 1,382.28 928.20 Rate Case Amortization 10, 156.46 8,728.60 930.00 Advertising Expense 1,343.50 1,392.00 930.10 Broadcasting Expense 2,640.00 2,640.00 930.20 Marketing Expense 600.00 933.00 Miscellaneous Expense 8,662.53 7,553.49 942.00 Depreciation - Plant 97,911.58 78,367.59 950.00 Personal Property Tax 16,651.40 16,063.62 950.10 Other Taxes 333.65 385.35 950.20 Sales Tax/Purchases (0.87) 0.63 950.30 IN Utility Receipts Tax 6,000.00 9,600.00 952.00 Payroll Taxes 12,255.95 12,033.07 954.00 Federal Unemployment 68.70 131.71 956.00 State Unemployment 161.58 171.17 972.00 Interest Expense 2,810.32 3,779.95 973.00 Bank Charges 3,313.52 3,737.68 974.00 Deferred Income Taxes 18,467.00 4,412.00 975.00 Contributions/Donations 4,500.00 4,500.00 975.10 Scholarship Fund 4,971.65

TOTAL EXPENSES $ 1,088,299.91 $ 932,976.20

NET INCOME (LOSS) $ 36,272.81 $ 58,418.91


Year Ended Year Ended

Account 9/31/2017 12/31/2016 9/31/2016 9/31/2017 12/31/2015 9/31/2015 9/31/2016

102.02 193,691.74 184,607.61 184,607.61 183,465.91 181,673.41

102.04 73,087.50 73,087.50 73,087.50 73,087.50 73,087.50

102.06 528,978.64 494,593.91 494,593.91 494,593.91 494,593.91

102.07 1,700,592.00 1, 700,592.00 1,700,592.00 1,700,592.00 1, 700,592.00

102.08 91,753.71 91,340.01 91,340.01 91,090.01 88,429.32

102.10 240,812.41 240,472.41 240,642.41 239,778.91 230,884.19

102.12 228,837.60 225,747.78 225,747.78 223,272.74 223,272.74

102.14 67,919.31 67,919.31 67,919.31 67,362.56 66,642.78

102.16 45,483.64 45,483.64 45,483.64 45,410.88 45,410.88

102.18 4,423.60 4,423.60 4,423.60 4,423.60 4,423.60

103.06 40,700.70 40,700.70 40,700.70 40,700.70 40,700.70

103.08 79,608.88 52,065.02 52,065.02 51,957.97 51,957.97

103.20 98,569.39 95,922.98 94,435.57 92,663.69 92,663.69

119.10 (1,659,297.91) (1,592,697.91) (1,561,386.33) (1,503,902.52) (1,483,018.74) 131.10 98,820.23 126, 153.93 149,878.67 99,213.75 123,232.30

131.11 126,150.48 100,933.31 100,869.72 100,680.60 100,617.18

142.00 47,000.57 193,184.04 10,610.67 143,211.27 46,066.77

142.05 (11,400.01) (9,920.07) (9,500.51)

142.20 28,375.76 28,375.76 28,375.76 142.30 1,272.00 1,272.00 1,272.00 1,272.00 144.00 (10,546.23) (6,676.99)

166.00 14,187.43 12,246.43 7,353.93 12,369.93 8,533.93

168.00 13,685.74 14,221.24 14,395.24 14,935.24 23,576.82

182.00 1,550.10 6,200.58 6,200.58 6,200.58 1, 110.58

186.10 4, 796.48 8,909.48 186.20 80,998.00 80,998.00 104,319.00 104,319.00 107,275.00

201.00 (1,000.00) (1,000.00) (1,000.00) (1,000.00) (1,000.00)

216.00 (509,189.31) (470,506.67) (470,506.67) (453, 114.82) (453,114.82)

231.10 (29,259. 75) (9,474.56) (11,529.94) (16,690.16) (25,831.25)

231.20 (1, 147,897.26) (1,190,412.26) (1, 190,412.26) (1,232,927.26) (1,232,927.26) 231.50 (37, 146.51) (41,376.91) (43,119.08) ( 47,408.60) ( 46,4 73.87)

231.75 (5,797.69) (6,071.61) (5,797.69) (5,797.69) (8, 133.48)

231.76 (6,901.75) (7,200.87) (6,901.75) (6,901.75) 231.80 (42,515.00) (42,515.00) (42,515.00) (42,515.00) (42,515.00)

231.90 (10,000.00) (20,000.00)

232.00 (47,083.37) (95,817.84) (39,815.21) (60,619.05) (33,885.65)

232.30 (8,958.38) (65,006.10) (6,732.94) (22,252.26) (5,024.73)

235.00 (6,710.00) (7,803.61) (6,903.61) (7,910.00) (7,410.00)

235.10 (3, 185.00) (3, 185.00) (3,185.00) (3, 185.00) (3, 185.00)

236.10 (1,576.90) (1,538.10) (1,538.10) (1,247.72) (1,268.12)

236.12 (1, 156.05) (1,287.82) (1,151.51) (902.30) (909.18)

236.14 (506.70) (507.40) (507.40) (396.32) (400.80)

236.16 (165.36) (146.20) (146.20) (114.04) (115.44)

236.18 (218.21) 236.40 0.44 0.44 0.44 0.44 0.44

236.60 (4,094.62) (9,575.40) (2,396.59) (7, 122.52) (2,982.03)

236.70 (10,537.14) ( 15,546.00) (11,044.60) (15,546.00) (11 ,182.38)

236.80 1,999.28 (3,696.40) (6,507.29) (11,044.69) (10,489.11)

237.10 (9, 191.20) (9, 191.20) (7,982.08) (7,982.08) (7,787.38)

237.20 (13,951.60) (16,319.66) (11,700.00) (15,585.50) ( 11, 730.00)

238.10 (6,999.99) (10,000.00) (4,719.50) (7,222.50) (4,719.50)

238.50 (9.01) (1,978.81) (1,578.81) (5,703.81) (6,303.81)

239.00 954.00

253.10 2,462.00 (32,049.00) (69,177.00) (115,465.00) (92,956.00)

255.00 (196,409.00) ( 196,409.00) (201,263.00) (201,263.00) (199,807.00)


Year Ended Year Ended Account 9/31/2017 12/31/2016 9/31/2016 9/31/2017 12/31/2015 9/31/2015 9/31/2016

416.00 2,369.68 2,484.89 2,484.89 2,369.68 6,136.81 2,835.97 5,785.73 480.00 (203,425. 71) (304, 185.98) (205,780.14) (301,831 .55) (362, 761.51) (267,519.55) (301,022.10) 481.00 (69,588.27) ( 109, 716.48) (76,547.81) (102,756.94) ( 135,890.28) ( 102,223.41) ( 110,214.68) 482.00 (465,058.89) (553,225.82) (381,258. 70) (637,026.01) (684,479.54) (524,084.67) (541,653.57) 483.00 0.00 (1,508.11) (1,508.11) 0.00 484.00 (34,511.00) (83,416.00) (46,288.00) (71,639.00) 140,413.00 117,904.00 (23, 779.00) 486.00 (22.30) (45.97) (43.42) (24.85) (70.10) (64.62) (48.90) 487.00 (3,633.93) (5,050.37) (4,319.99) (4,364.31) (7,034.04) (6,126.91) (5,227.12) 489.00 (217.17) (252.71) (189.12) (280.76) (112.42) (49.00) (252.54) 490.00 (1,712.00) (4,680.00) (2,996.00) (3,396.00) (4,846.50) (3,640.50) (4,202.00) 491.00 (870.00) (1,410.00) (360.00) (1,920.00) (1,680.00) (750.00) (1,290.00) 492.00 (270.00) (690.00) (270.00) (690.00) (840.00) (300.00) (810.00) 493.00 (44.00) (44.00) (44.00) (44.00) (82.00) (82.00) (44.00) 494.00 (599.30) (599.30) (419.50) (39.95) (379.55) 730.00 393,769.77 515,576.30 341,950.15 567,395.92 542,275.61 426,360.68 457,865.08 762.00 6,247.87 7,545.58 5,015.91 8,777.54 5,334.95 3,661.16 6,689.70 904.00 3,500.00 11,000.00 9,000.00 5,500.00 5,000.00 5,000.00 9,000.00 904.10 (1,304.24) (617.29) (686.95) (1,312.56) (455.03) (1 ,474.82) 920.00 121,224.63 164,405.68 121,175.79 164,454.52 152,865.65 114,161.33 159,880.11 921.00 587.77 2,329.10 1,911.56 1,005.31 1,866.08 1,703.61 2,074.03 921.01 2,761.69 3,871.12 3,020.04 3,612.77 3,935.35 3,186.35 3,769.04 921.02 3,076.88 3,851.73 2,809.23 4,119.38 4,317.99 2,925.79 4,201.43 921.03 1,947.42 2,662.98 2,162.70 2,447.70 2,742.37 2, 114.92 2,790.15 921.04 30.00 575.00 575.00 30.00 79.00 49.00 605.00 923.00 9,041.96 12,013.12 10,086.82 10,968.26 14,145.87 11,317.26 12,915.43 923.10 32,233.24 30,224.00 17,988.00 44,469.24 28,552.35 28,885.35 17,655.00 924.00 12,375.00 24,556.00 19,062.00 17,869.00 25,388.00 18,870.00 25,580.00 926.00 13,951.60 16,319.66 11,700.00 18,571.26 15,585.50 11,730.00 15,555.50 926.10 6,975.00 9,000.00 6,000.00 9,975.00 8,310.12 6,232.59 8,077.53 926.15 1,790.10 2,432.70 2,356.50 1,866.30 2,356.50 928.00 30,000.00 37,200.00 28,200.00 39,000.00 41,000.00 30,000.00 39,200.00 928.10 1,279.66 1,382.28 1,382.28 1,279.66 1,571.12 1,571.12 1,382.28 928.20 5,185.98 9,623.48 4,653.00 10,156.46 16,302.46 12,226.86 8,728.60 930.00 1,063.50 1,402.00 1, 122.00 1,343.50 1,227.20 957.20 1,392.00 930.10 1,980.00 2,640.00 1,980.00 2,640.00 2,655.00 1,995.00 2,640.00 930.20 300.00 300.00 0.00 300.00 600.00 933.00 5,099.35 8,488.98 4,925.80 8,662.53 11,033.35 8,405.66 7,553.49 942.00 66,600.00 88,795.39 57,483.81 97,911.58 83,535.12 62,651.34 78,367.59 950.00 12, 150.00 16,201.40 11,700.00 16,651.40 16,126.62 11,763.00 16,063.62 950.10 333.65 385.35 385.35 333.65 437.35 437.35 385.35 950.20 (0.87) (0.87) 0.63 0.63 950.30 4,500.00 6,000.00 4,500.00 6,000.00 21,000.00 15,900.00 9,600.00 952.00 9,231.03 11,884.71 8,859.79 12,255.95 11,980.36 8,807.08 12,033.07 954.00 43.33 32.08 6.71 68.70 377.70 252.70 131.71 956.00 152.41 164.92 155.75 161.58 159.64 144.22 171.17 972.00 2,052.81 3,316.43 2,558.92 2,810.32 5,551.70 4,330.67 3,779.95 973.00 2,653.06 2,807.22 2,146.76 3,313.52 4,554.16 2,963.24 3,737.68 974.00 18,467.00 18,467.00 4,412.00 4,412.00 975.00 3,500.00 5,500.00 4,500.00 4,500.00 2,000.00 2,000.00 4,500.00 975.10 2,500.00 2,500.00 0.00 2,471.65 4,971 .65 975.20 0.00 2,471.65 (2,471 .65)

0.00 0.00 0.00 0.00 0.00 0.00

Total 0.00 0.00 (0.00) 0.00 (0.00) (0.00) 0.00 0.00

(21,645.88) (38,682.64) (24,055. 71) (36,272.81) ( 17 ,391 .85) 16,971.35 (58,418.91)

GCAREVENUE

Switzerland County Natural Gas Co., Inc. CUSTOMER CLASS SALES IN DTH

Twelve Months Ended September 30, 2017

Residential Commercial Industrial TOTAL TOTAL GCA GCA MONTH Customers Customers Customers Customers Residential Commercial Industrial DTH RATE REVENUE

October 2016 552 125 13 690 775 256 6,832 7,863 $2.1556 $16,950 November 574 131 13 718 3,004 1,095 9,373 13,472 $3.1908 $42,986 December 583 132 13 728 6,878 2,646 13,075 22,598 $3.2997 $74,568 January 2017 583 133 13 729 5,556 2,173 10,271 18,000 $3.4667 $62,399 February 581 133 13 727 4,326 1,661 9,908 15,895 $3.4443 $54,748 March 584 133 13 730 4,157 1,586 11,496 17,239 $3.2084 $55,309 April 572 132 13 717 1,052 375 7,341 8,768 $2.8835 $25,283 May 565 131 13 709 787 312 6,995 8,094 $3.8953 $31,528 June 553 127 13 693 420 222 6,778 7,420 $3.9619 $29,397 July 540 126 13 679 363 200 5,342 5,904 $4.0267 $23,773 August 539 126 13 678 388 187 6,067 6,642 $4.0450 $26,866 September 545 125 13 683 544 238 7,350 8,132 $4.0360 $32,819

TOTAL 6,771 1,554 156 8,481 28,249 10,950 100,827 140,026 476,626

CLASS TOTAL - DTH 8,481 140,026

NTA UPDATE

CONF: Switzerland County Natural Gas Co.~ Inc.

NTA ADJUSTMENT NOAA AVERAGE 1971-2000

Cincinnati ACTUAL

NOAA 30-YEAR MONTH DAYS AVERAGE VARIANCE % VARIANCE

October 150 319 169 0.5298 November 511 626 115 0.1837 December 971 953 -18 -0.0189 Janaury 845 1110 265 0.2387 February 588 881 293 0.3326 March 627 670 43 0.0642 April 172 368 196 0.5326 May 0 0 0 0 June 0 0 0 0 July 0 0 0 0 August 0 0 0 0 September 0 0 0 0

TOTAL 3,864 4,927 1,063

Residential Commercial

October 623 33 November 1,035 201 December -253 -50 Janaury 2,563 519 February 2,753 553 March 510 102 April 921 200 May 0 0 June 0 0 July 0 0 August 0 0 September 0 0

Dth Sales less Basload Residential Commercial

October 1,176 63 November 5,633 1,095 December 13,381 2,646 Janaury 10,737 2,173

February 8,276 1,661 March 7,939 1,586 April 1,728 375 May 1,198 312 June 465 222 July 350 200 August 401 187 September 712 238

CDIENTIAL Switzerland Countv Natural Gas Co.~ Inc.

NTA ADJUSTMENT NOAA AVERAGE 1981-2010

Cincinnati ACTUAL

NOAA 30-YEAR MONTH DAYS AVERAGE VARIANCE % VARIANCE

October 150 304 154 0.5066 November 511 598 87 0.1455 December 971 958 -13 -0.0136 Janaury 845 1058 213 0.2013 February 588 855 267 0.3123 March 627 666 39 0.0586 April 172 341 169 0.4956 May 0 0 0 0 June 0 0 0 0 July 0 0 0 0 August 0 0 0 0 September 0 0 0 0

TOTAL 3,864 4,780 916


October 596 32 November 820 159 December -182 -36 Janaury 2,161 437 February 2,585 519 March 465 93 April 857 186 May 0 0 June 0 0 July 0 0 August 0 0 September 0 0

Baseload Residential Commercial

July 363 200 August 388 187 Total 750 387

Monthly Average 375.2 193.3


October -27 -1 November -215 -42 December 71 14 Janaury -402 -81 February -168 -34 March -44 -9 April -64 -14 May 0 0 June 0 0 July 0 0 August 0 0 September 0 0

-850 -167 RATE 3.5600 3.5600

-3,024 -595

Adjustment -3,619

UNACCOUNTED FOR GAS

SWITZERLAND COUNT NATURAL GAS UNACCOUNTED FOR GAS

Schedule 11a five year average

GCA97 GCA95 GCA92 GCA88 GCA68

Unaccounted for Gas Gas Available 1,747.00 146,225.00 2,419.00 168,333.00 6,013.00 173,002.00 2,829.00 166,531.00 5,802.00 144,914.00

18,810.00 799,005.00

Unaccounted for % 1.19% 1.44% 3.48% 1.70% 4.00%

2.35%

COST OF GAS

SWITZERLAND COUNT NATURAL GAS

Purchased Gas Summary

Volume Purchased Cost of Gas Mgmt fee Transportation Total Oct-16 12,400 $ 35,712.00 $ 744.00 $ 6,917.12 $ 43,373.12 Nov-16 7,080 19,986.24 424.80 10,437.40 30,848.44 Dec-16 7,502 22,305.20 450.12 18,376.11 41, 131.43 Jan-17 11,005 35,497.48 660.30 16,627.91 52,785.69 Feb-17 14,056 43,576.96 843.36 11,908.27 56,328.59 Mar-17 8,866 25,219.12 531.96 13,263.75 39,014.83 Apr-17 18,600 57,288.00 1, 116.00 8,143.24 66,547.24

May-17 15,965 48,533.60 957.90 6,860.40 56,351.90 Jun-17 15,450 48,513.00 927.00 5,365.46 54,805.46 Jul-15 13,485 39,780.75 809.10 4,731.12 45,320.97

Aug-17 11,625 33,131.25 697.50 5,204.00 39,032.75 Sep-17 11,550 33,033.00 693.00 5,904.06 39,630.06

Totals 147,584 $ 442,576.60 $ 8,855.04 $113, 738.84 $565, 170.48 3.8295

PROFROMA PAYROLL

SWITZERLAND COUNTY NATURAL GAS PAYROLL ANALYSIS For the Twelve Months Ended September 30, 2017

Salary 10/1/2016 5/26/2017 Annualized Paryoll 5/26/2017 9/30/2017 Bonus Total Payroll Increase 3%

Full Time Chase 37,065.27 21,767.35 541.42 59,374.04 60, 115.22 61,918.68 Konkle 33,315.48 19,565.25 541.42 53,422.15 54,088.42 55,711.07 McFarland 27,551.04 16,180.02 541.42 44,272.48 44,823.58 46,168.29

Part Time Wright 3,206.50 2,698.41 270.71 6,175.62 6,239.75 6,491 .84

Total Payroll Pa 101, 138.29 60,211.03 1,894.97 163,244.29 165,266.97 170,289.87

PROFORMA INSURANCE

SWITZERLAND COUNTY NATURAL GAS PROPERTY AND CASUAL TY INSURANCE EXPENSE

Auto Fire Marine Workman's Comp D&O Commerical Liability

Total

$ 931.00 1,420.00

725.00 2,294.00

10,354.00 4,019.00

$19,743.00

PROPERTY TAXES

'IR!'..ASURERFORMTS-~A PRESCRIBED BYTim DHPAR'IMBNI' OF LOCAL OOVERNMENf FINANCE IC 6-1.I~ll-S.1

SPECIAJ_, lVIESSAGE TO PROPERTY O\VNER Proper~ taxes are constitutionally capped at 1 % of pro~rty values for homesteads (owner .. occupied),

2% 1or other residential property and farmland, and 3% for all other property. Please note that local government unit annl1al budget notice~ are now aY•ilable onliue at www.budgetnotices.in.gov.

FO~"l t 1-.telrk, O:::!~~ft>ublic udiliy

Spring installment due -0n or before May 10, 2017 and Fall installment-due on or before November 13, 2017"

ASSE.%-"Jtll VALUE AND T..\X.SUMMARY 2fl15 P~y 2016 2'116 P.ay 2017

la. Gross assessed value of homestead property $0.0(f. $0.00 1 b. Gross assessed value of other :reskientinl property and farmland $0.00 $0.00 le. Gross assessed value of all other property, inc1ud1ng p131'S{)rul) property $68, 7'70.00 $69,760.0(}

2. Equals to~l gtQSs ~d value of property ~1170.00 $69~760.00 2a. Minns dedueuons (see Table 5 below) $0.00 $0.00

$63,710.00 $69,760.00

3a. Multiplied by your local tax rate. 1.6969 1.57S3 4. Equals gross tax liability (see Table 3 below) $1,166.96 $1,101.4)2

4a. Minus local property ta't credits $0.00 $0.00 4b. Minus savings due to property tax cap (see Table 2 and footnotes below) $0.00 $0.00

$0,00 $0.00

$1;166.96 $1,10L02

4c. M'.inus savings due to ovet 65 circuit breaker credit 5, Total pmperty tax UabiIUy (~-aiw-~Wa-n_ce_i:=o_u_po_n_f.-or_to_ta_l_~m-ou_nt_d-ue-)--------~--+-------+----:------1

TABLE:!: PRfWEKl'V TAX ('.AP INHHl.MATION

Property tax cap (1 %. 2%, or J%t depend.Ing upon combination of property types} 1 $2.063.10 . $2,092.80

Upward adjustment due to 'llOttt-approvcd projeccs and charges (e.g .• tefw:endum)2 $0.00 $0.00 M1ui:bnwn tall t;hat may be~ unde:t" ~ap $2,063.10 $2,092.80

TABLE:°': GROSS PROPERI Y TAX OISTHJBt:TION :\i\'IOtJNTS APPLICABLE TO TtllS PIHWERTY

TAXING AUTHORITY 'fAXRATE 2016 TAXRATE2017 TAX AltiOUNT'2016 TAXAMOtJNT2017 'tAX~~1irCB

CiTY Q,0000 o.QOO() $0.00 $1).00 ${).OO

COUNTY o.6647 o.0676 $4S7.ll $465.72 $8.61

UBRARY 0.G93S {1.0940 $64.:m $65.57 $1.27

SCROOL Q.SQli 0.7~76 $S9l.2S SSl4.5S (m.10>

SPECIAL orsnucr !'1..0133 O.ol36 $!.1.15 $9.49 $0.3'1 l'AX INCREMEJ:il'T 0.0000 {).0000 $0.0f) $0.00 $0..00

TO'\i'lNSBJP 0,0642 0.0055 $44.lS $4S.Q9 $1.54.

'OOTAL 1.~ 1.5783 $1,166.% $1,101.62 ~.94)

J'-\.IH.I~ ..l,~ ()'J 1-11• I( ( It UH ;j'~/,\j)JI ·~Ti\ll~l'i 1:;. TO rm:-: ••1-toP1~1rn 'l'.U~l.E 5: LW])l_ICI lH

'l'AEASUaER FO'R,\ifT&·lA l'RESclU'EIBD BY 'f!-lli IJ~AR1'ME.NT OF'toCAL OOVX::l.tNMP.N! FlNANCB Xe 6-1. t.n.S. !

Property ta..'1'.es are eonsiitutlo11:ally e.apped at l % of. property values for homesteads (owner-occupied)~ 2% for other residential property and farmland, and 3o/o for all other property. Pleas~ note that local

government unit annual budget notice~ are lJ.O:W available online at www.budgetnotices .. in.gov.

~xerName

Switzerland County Natural Gasco

~ POBox;47 Vevay IN 47043

Spring installment due on or before May 10, 2017 and Fall installment due on or before November 13, 2017.

Date of.Notice 0312012-017

Paree} Nw$oc 78~004-950..004

Legal Description: PUBLIC UT1UTYFORM: ll··A

'.fMmgDis~ct

004-'/EVAYTWP

ASSESSED VALUE AND TAX SUMMARY r ,, "' .t f' 2015 pay lDl-6 2016 pny 2017 i ---------- -· - ••• --· •••• ·.; •• ···••H••·~· •• ~ •••••• u - - ------. •••H•••• ••••• ••HMU~-~~-~- ••••• ..,. ••••• --·--····~·--:-"""W•wwr• ... ·-···---M••• ··---- ----·--··--··~ ....... MU• --·-------••• """" ·-- -------'{

la. Gross assessed value of homestead property (capped at 1 %) ' $ O $ Q ~

t. ~J~;~ g:£~~. ~:. :~~~.~~~~~~~~?~~~ili~!!.~~l~#.t~~~ii:?:i?~~

S0.00 $0.00

L. 'Die propMtymx esp In eaJculMC!d l!lllllll'atelyfilr eathelm ofprorw.nyow:aedbytbe'!Ulla)'«'·

Vetero:ns

Abatemimt

&~Zone Inves1Irumt

Other

v.O % TOTAL DEDUCTIONS. $0 $0

2, C'os.rga; not 3nbjcet to fbe ~ f\l.'C ¢8pS ~Ii&~ m-!erles 11.Pl)rQvtd by vottm: damll}h.a tefercnduin. Tu.Uibl Ctllm'.y and St. Joseph C~w.llty, this line aloo .tetleas de!:t ob""~ioll$ ~ prior10 the m:aiion of the propcrt}' tu caps. W'~ adrled to (he }>as~ property tax ~p amnunt for )'l)Ui pr'Op¢ey, tbi$ ~es Ule efilcilw tax wp. f"ot ®re infuJ:mation, aee thfi b:!:::k oflfm ~t. 3. Jfm)'ci.reurn&t;lmce.s bav11~ lhnl woold.Cilllke)IOU~futadeductlon. that ~hiive~gtltlm!d per'J'ab!e S of this m bill,yoU.ntuStJJotlfyttl¢~ll\ldihlr. If such achan~eln i:h'l.!Unwancailws occum':dft!tti you !iavcrmt n11tifiedlhe

BEL TERRA PLANT ACCUMULATED DEPRECIATION


Belterra Plant

SWITZERLAND COUNTY NATURAL GAS COMPANY BELTERRA DEPRECIATION CALCULATION

Total Constructed Plant for Belterra Casino

Depreciation rate Annual Depreciation Monthly Depreciation

Accumulated Deprciation

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

TOTAL ACCUMULATED DEPRECIATION

#of Months

6 12 12 12 12 12 12 12 12 12 12 12 12 12 12 12 12 9

0.025 42,515

3543

$

1,700,592

0.03 51,018

4251

Annual Depreciation

$ 25,506 51,018 51,018 51,018 51,018 51,018 51,018 51,018 51,018 51,018 51,018 42,515 42,515 42,515 42,515 42,515 42,515 31,887

822,659

switzerland county natural gas company ......switzerland county natural gas co., inc. trial balance...

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