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    Legal Notices

    NOTICE: BOARD OF CORRECTION
    The King Hill Irrigation District Board of Directors will meet at 6:30 PM, Thursday, October 13, 2022, at the District Office, 75 E. First Ave., Glenns Ferry, ID to hear any objections to the 2023 O & M Assessment.

    Dated: September 29, 2022

    _____________________________________________________________________________________________

    NOTICE IS HEREBY GIVEN, that the election of one Director from Division 2 and one Director from Division 5 of the King Hill Irrigation District will be held on November 2, 2022, to elect said directors for a term of three years beginning January 1, 2023.

    Nominations for each Director may be made by petition, signed by at least twelve (12) electors of the District from Division 2 and the District from Division 5 qualified to vote for the candidate nominated, and filed with the Secretary of the District not less than 40 days or more than 60 days before the date of said election. Petitions may be obtained from Wendy Parker, Secretary/Treasurer, 75 E First Ave, Glenns Ferry, Idaho. Petitions are due by September 23, 2022, by 5:00 PM.

    In the event more than one (1) candidate is nominated within each Division, notice of the time and place of election will be posted as required by Idaho Code 43-206.

    Excepting that, in accordance with Title 43-201A of Idaho Code:  “If, pursuant to section 43-201, Idaho Code, the Secretary of the district verifies that there is only one (1) qualified candidate who has been nominated for the position of Director to be filled, it shall not be necessary to hold an election for that position, and the Board of Directors shall declare such candidate elected as Director at the next regularly scheduled board meeting following the expiration of the date for filing written nominations.”

    Dated:  August 29, 2022

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    King Hill Irrigation District
    Statements of Financial Position
    December 31, 2021
    ASSETS
    CURRENT ASSETS
    CASH & CASH EQUIVALENTS
    Cash  $    350,606.00
    Unrestricted investments            265,980
    Reserved investments            613,025
    TOTAL CASH & CASH EQUIVALENTS          1,229,611
    OTHER CURRENT ASSETS
    Assessments and meters receivable                9,012
    Accrued interest receivable                    93
    Prepaid expenses              28,527
    Inventory              32,181
    TOTAL OTHER CURRENT ASSETS              69,813
    TOTAL CURRENT ASSETS           1,299,424
    PROPERTY AND EQUIPMENT
    Shop building              10,738
    Office furniture                3,421
    Maintenance equipment            843,061
    Irrigation plant          4,087,521
    Meters              17,085
             4,961,826
    Less accumulated depreciation         (3,903,327)
    PROPERTY AND EQUIPMENT – NET          1,058,499
    NET PENSION ASSET                6,050
    DEFERRED OUTFLOWS
    Pension related items              78,363
    TOTAL ASSETS          2,442,336
    LIABILITIES AND NET ASSETS
    CURRENT LIABILITIES
    Accounts payable              22,875
    Unearned revenue            224,545
    TOTAL CURRENT LIABILITIES            247,420
    LONG-TERM DEBT
    Compensated absences payable in future periods              23,191
    Net pension liability                     –  
    TOTAL LONG-TERM DEBT              23,191
    DEFERRED INFLOWS
    Pension related items            227,567
    TOTAL LIABILITIES            498,178
    NET ASSETS
    Invested in capital assets, net of related debt          1,058,499
    Reserve for emergency expenditures            613,025
    Unrestricted            272,634
    TOTAL NET ASSETS          1,944,158
    TOTAL LIABILITIES AND NET ASSETS          2,442,336

    _______________________________________________________________________________________________________________________________

    King Hill Irrigation District
    Statement of Financial Position
    December 31, 2020
    ASSETS
    CURRENT ASSETS
      Cash and Cash Equivalents:
        Cash on Hand and in Banks $          233,646
        Unrestricted Investments          374,588
        Reserved Investments          425,543
          Total Cash and Cash Equivalents $      1,033,777
      Assessments and Meters Receivable              9,519
      Accrued Interest Receivable                  700
      Prepaid Expenses            25,680
      Inventory            39,275
        Total other current assets            75,174
          Total Current Assets $      1,108,951
    PROPERTY AND EQUIPMENT
        Land and Office Building $
        Shop Building            10,738
        Office Furniture              3,421
        Maintenance Equipment          790,475
        Irrigation Plant      4,087,521
        Meters            17,085
        Less Accumulated Depreciation    (3,803,242)
          Total property and equipment – Net $      1,105,998
    DEFERRED OUTFLOWS
      Pension Related items $            44,847
    TOTAL ASSETS $      2,259,796
    LIABILITIES AND NET ASSETS
    CURRENT LIABILITIES
      Accounts Payable $                  964
      Unearned Revenue            89,187
        Total Current Liabilities $            90,151
    LONG-TERM DEBT
      Compensated Absences            13,682
      Net Pension Liability          190,951
      Total Long-Term Debt $          204,633
    DEFERRED INFLOWS
      Pension Related Items $            43,995
    Liabilities and Net Assets $        338,799
      NET ASSETS
      Invested in Capital Assets $      1,105,998
      Reserved for Emergency Expenditures          425,543
      Unrestricted          389,476
        TOTAL NET ASSETS $      1,921,017
    TOTAL LIABILITIES AND NET ASSETS $      2,259,796
    King Hill Irrigation District
    King Hill Irrigation District
    Statement of Net Condition
    December 31, 2018
    ASSETS
    Current Assets
    Cash and Cash Equivalents:
    Cash on Hand and in Banks
    		 $ 159,693
    Unrestricted Investments 188,504
    Reserved Investments 150,849
    Total Cash and Cash Equivalents
    		 $ 499,046
    Assessments and Meters Receivable
    		 17,140
    Accrued Interest Receivable
    		 711
    Prepaid Expenses 19,823
    Inventory 49,550
    Total Current Assets $ 586,270
    Noncurrent Assets
    Capital Assets:
    Land and Office Building $ 4,456
    Shop Building 10,738
    Office Furniture 5,002
    Maintenance Equipment 712,813
    Irrigation Plant 4,087,520
    Meters 17,085
    Less: Accumulated Depreciation
    		 (3,613,790)
    Total Noncurrent Assets $ 1,223,824
    Deferred Outflows
    Pension Related items $ 36,447
    Total Deferred Outflows $ 36,447
    Total Assets $ 1,846,541
    LIABILITIES
    Current Liabilities
    Accounts Payable $ 42,730
    Accrued Interest Payable 1,519
    Unearned Revenue 78,500
    Current Portion of Long term Debt
    		 21,505
    Total Current Liabilities $ 144,254
    Noncurrent Liabilities
    Note Payable – IDWR $ 9,625
    Compensated Absences 23,662
    Net Pension Liability 114,805
    Total Noncurrent Liabilities $ 148,092
    Deferred Inflows
    Pension Related Items $ 19,732
    Total Deferred Inflows $ 19,732
    Total Liabilities $ 312,078
    NET POSITION
    Invested in Capital Assets $ 1,192,694
    Reserved for Emergency Expenditures
    		 150,849
    Unrestricted 190,920
    Total Net Position $ 1,534,463
    King Hill Irrigation District