Quarterly report pursuant to Section 13 or 15(d)

3. WATER AND LAND ASSETS (Details)

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3. WATER AND LAND ASSETS (Details) - USD ($)
May 31, 2016
Aug. 31, 2015
Costs $ 29,524,300 $ 29,014,900
Accumulated Depreciation and Depletion (1,555,100) (1,306,300)
Net investments in water and water systems 27,969,211 27,708,595
Rangeview Water Supply    
Costs 14,444,600 14,444,600
Accumulated Depreciation and Depletion (9,000) (8,800)
Sky Ranch Water Rights And Other Costs    
Costs 6,444,500 6,440,800
Accumulated Depreciation and Depletion (268,000) (194,600)
Fairgrounds Water And Water System    
Costs 2,899,900 2,899,900
Accumulated Depreciation and Depletion (864,800) (798,700)
Rangeview Water System    
Costs 1,256,300 1,256,300
Accumulated Depreciation and Depletion (141,400) (110,300)
Water Supply Other    
Costs 4,479,000 3,973,300
Accumulated Depreciation and Depletion $ (271,900) $ (193,900)