SIGNIFICANT CUSTOMERS |
12 Months Ended |
|---|---|
Aug. 31, 2015 | |
| Significant Customers | |
| SIGNIFICANT CUSTOMERS |
The Company sells wholesale water and wastewater services to the District pursuant to the Rangeview Water Agreements. Sales to the District accounted for 19%, 9% and 34% of the Company's total revenues for the years ended August 31, 2015, 2014 and 2013, respectively. The District had one significant customer, the Ridgeview Youth Services Center. Pursuant to the Rangeview Water Agreements, the Company is providing water and wastewater services to this customer on behalf of the District. The District's significant customer accounted for 16%, 7%, and 28% of the Company's total revenues for the years ended August 31, 2015, 2014 and 2013, respectively.
Revenues from another customer directly and indirectly represented approximately 75%, 88% and 59% of the Company's water and wastewater revenues for the fiscal years ended August 31, 2015, 2014 and 2013.
The Company had accounts receivable from the District which accounted for 11% and 5% of the Company's trade receivables balances at August 31, 2015 and 2014, respectively. Accounts receivable from the District's largest customer accounted for 10% and 4% of the Company's trade receivables as of August 31, 2015 and 2014, respectively. |