SIGNIFICANT CUSTOMERS |
12 Months Ended |
|---|---|
Aug. 31, 2016 | |
| 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 67%, 19% and 7% of the Companys total water and wastewater revenues for the fiscal years ended August 31, 2016, 2015 and 2014, 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 Districts significant customer accounted for 55%, 16%, and 7% of the Companys total water and wastewater revenues for the fiscal years ended August 31, 2016, 2015 and 2014, respectively.
Revenues from another customer directly and indirectly represented approximately less than 1%, 75% and 88% of the Companys water and wastewater revenues for the fiscal years ended August 31, 2016, 2015 and 2014, respectively.
The Company had accounts receivable from the District which accounted for 74% and 87% of the Companys water and wastewater trade receivables balances at August 31, 2016 and 2015, respectively. Accounts receivable from the Districts largest customer accounted for 63% and 77% of the Companys water and wastewater trade receivables as of August 31, 2016 and 2015, respectively. |