Legal Notices

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
Katherine Pruett, Secretary/Treasurer
King Hill Irrigation District

BOARD OF CORRECTION

KING HILL IRRIGATION DISTRICT

 The King Hill Irrigation District Board of Directors will meet at 7:00 PM, Thursday, October 8, 2020 at the District Office, 4183 N Meridian Street, King Hill, Idaho to hear any objections to the 2020 O & M Assessment.

 

Dated:   September 15, 2020

Katherine Pruett, Secretary/Treasurer

NOTICE OF ELECTION
KING HILL IRRIGATION DISTRICT
Election of Directors

 

NOTICE IS HEREBY GIVEN, that the election of one Director from Division 1 and one Director from Division 4 of the King Hill Irrigation District will be held on November 3, 2020 to elect said directors for a term of three years beginning January 1, 2021.

 

Nominations for each Director may be made by petition, signed by at least twelve (12) electors of the District from Division 1 and twelve (12) electors from Division 4, 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 Katherine Pruett, Secretary/Treasurer, 4183 N Meridian Street, King Hill, Idaho. Petitions are due by September 24, 2020 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 12, 2020

Katherine Pruett, Secretary/Treasurer

King Hill Irrigation District

 

First Publication:  August 19, 2020

Last Publication:  August 26, 2020

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
Katherine Pruett, Secretary/Treasurer
King Hill Irrigation District
One Publication – 01/30/2019 – Mountain Home News