Annual report pursuant to Section 13 and 15(d)

WATER AND LAND ASSETS (Details)

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WATER AND LAND ASSETS (Details) - USD ($)
Aug. 31, 2015
Aug. 31, 2014
Costs $ 29,014,900 $ 93,887,500
Accumulated Depreciation and Depletion (1,306,300) (2,469,400)
Net investments in water and water systems 27,708,595 90,823,916
Arkansas River Assets    
Costs 0 68,340,600
Accumulated Depreciation and Depletion 0 (1,488,600)
Rangeview Water Supply    
Costs 14,444,600 14,444,600
Accumulated Depreciation and Depletion (8,800) (8,400)
Sky Ranch Water Rights And Other Costs    
Costs 6,440,800 6,004,000
Accumulated Depreciation and Depletion (194,600) (93,000)
Fairgrounds Water And Water System    
Costs 2,899,900 2,899,900
Accumulated Depreciation and Depletion (798,700) (710,600)
Rangeview Water System    
Costs 1,256,300 1,148,200
Accumulated Depreciation and Depletion (110,300) (77,900)
Water Supply Other    
Costs 3,973,300 1,050,200
Accumulated Depreciation and Depletion $ (193,900) $ (90,900)