Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1922-02-10
ANNUAL REPORT OF BIG WOOD
CANAL COMPANY
To the Board of Directors, Big Wood
Canal Company RichfieId, Idaho.
Gentlennen:-

Gentlemen
I have the pleasure OF submit
ting herewith for your inspection and
information a statement Of the ex-
penditures and receipts for the period
January 1st to December 1st, 1921,
inclusive. 1 assumed my duties as your
secretary treasurer on March 1st, 1921,
at which time there was the amount
of s11SS6s in the bank, which amount
was the balance from the sum Of $4,000
90, borrowed by the Board of Direc-
tors in Nov 1920. This note of 100000
with interest has been paid, as well
as equipping the office complete, buy
ing new locks for the headgates. a
Ford car, current meter. field level,
paying the directors as well as the
Attorney from August. 1920 and other
items too numerous to mention, that
will not enter upon the current year
expenses.
The total assessment due for the
past year was ss4,4741s. of which
amount the sum of sSl.51O.ss has been
collected, or $3.50, most gratifying
showing, taking all conditions into con-
sideration, and comparing the figures
with like results on other projects in
this State.
At the stockholders annual meet
ing in November of last year, rem
dered a similar statement for the per
iod ending October 81, 1921, at which
time it was stated that probably, the
fiscal year of this company ended on
March Slst This was based on the
fact that the current assessment be-
came due on April 1st, of each year.
however, 1 am inclined to believe that
the fiscal year should be assumed to
cover the period from Jan. 1st. to Dec.
S1st., of each year. for the reason that
no overlapping of either salaries, ex-
penses or collections would occur, that
would have tendency to make each
ennual report misleading as to the
expenditures and receipts This is
readily apparent when you consider
the delinquent payments that will hold
over from irrigation season TO irriga-
tion season, as well as the fact that in
any year, the superintendents and a
few riders may be forced TO assume
their duties on or prior to March 1st.
l will not attempt TO go into de-
safl -. ii
study OF the operating and maintain
ing cost of each tract will prove most
interesting to anyone who cares to
take up the same.
The office force has been kept at
minimum yet the work has been kept
strictly up to the minute. which work
includes the keeping and posting Of all
water records and deliveries. which is
quite an item in itself especially dur
ing the irrigating season. when water
is being delivered TO some 1900 head
gates. We have completed our books,
showing the amount OF water used On
each tract. as well as the duty OF
water enjoyed by each individual who
was entitled TO and received water DUR
ing the past season. Your office force
has performed It's entire functions with
practically one-third OF the employees
formerly used ~ the original operat-
ing company no complaints hays been
registered and c0mmendations has
been expressed Oh every hand,
We are starting the present yeas
elth balanss of ssofi2s. With 40
sppgoxilnats amount of gls,oOooQ aus
on delinquent Assessments. apa eith
less eSpenaituEs % hs made epflns
aus coming year PIN pe emergencies
orslna slnkins faRa SHOULD ~ AZ
pa created
Respectfully sppmiffea