THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND OCTOBER 31, 2017 AND 2016

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1 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND OCTOBER 31, 2017 AND 2016

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4 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND STATEMENT OF ASSETS, LIABILITIES, AND FUND BALANCE - MODIFIED CASH BASIS OCTOBER 31, 2017 AND 2016 EXHIBIT A Year Ended October 31, Assets Current Assets Cash in bank and on hand $ 856,798 $ 217,525 Drainage fees receivable Current fees 1,347,882 1,346,877 Prior years fees 10,356 12,679 Administrative fees receivable Current administrative fees 44,862 45,118 Delinquent administrative fees 12,275 12,522 Total Current Assets $ 2,272,173 $ 1,634,721 Investments Certificates of deposit $ 6,659,000 $ 6,399,000 Total Investments $ 6,659,000 $ 6,399,000 Total Assets $ 8,931,173 $ 8,033,721 Liabilities And Maintenance Fund Balance Current Liabilities Payroll liabilities $ 10,836 $ 11,139 Rental Deposit Total Liabilities $ 11,286 $ 11,589 Maintenance Fund Balance Maintenance fund balance $ 8,919,887 $ 8,022,132 Total Liabilities And Maintenance Fund Balance $ 8,931,173 $ 8,033,721 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

5 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE - MODIFIED CASH BASIS FOR THE YEAR ENDED OCTOBER 31, 2017 AND 2016 EXHIBIT B Year Ended October 31, Operating Revenues Drainage fees $ 1,347,837 $ 1,346,877 Administrative fees 44,862 45,118 Penalties 2,911 3,321 NRCS reimbursement 2,658, ,655 SEMA reimbursement 189, ,307 Contracted maintenance 2,034 9,824 Farm rental - cash and sale of crops 298, ,018 Pasture leases 20,463 16,218 Miscellaneous income 223, ,962 Interest 74,337 67,090 Sale/ trade of property, structures or equipment 372, ,150 Total Operating Revenues $ 5,235,591 $ 3,343,540 Operating Expenditures Salaries and wages $ 1,373,304 $ 1,204,744 Payroll taxes 109, ,359 Employees benefits 201, ,457 Retirement fund 52,070 50,000 Equipment purchases and repairs 509, ,509 Maintenance supplies 125, ,063 Vehicle expense 172,509 99,559 Contract expense 171,053 6,955 Contract labor 53,594 79,002 Insurance 116,605 91,547 Pumping station 36,460 53,330 Collectors expense - bonds 2,764 - Collectors expense - commissions 26,855 24,280 Strikeoff uncollectible taxes 10,474 8,546 Office expense 46,895 50,764 Professional expenses 30,957 34,269 Dues and subscriptions 5,695 5,934 Supervisors expense 7,009 5,580 Travel, meals and lodging 50,849 41,418 Mississippi Valley Flood Control 14,875 14,300 Miscellaneous 16,743 65,449 Purchase of property, structures, or equipment 1,204,037 8,164,196 Total Operating Expenditures $ 4,337,836 $ 10,817,261 Change In Maintenance Fund Balance $ 897,755 $ (7,473,721) Maintenance Fund Balance - Beginning Of Year 8,022,132 15,495,853 Maintenance Fund Balance - End Of Year $ 8,919,887 $ 8,022,132 THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

6 NOTES TO THE FINANCIAL STATEMENTS NOTE 1 - ORGANIZATIONAL DATA Organization The Little River Drainage District (the District) was organized in 1907 and exists under provisions of Article 3, Chapter 242, of the Revised Statutes of Missouri, 1899, and its Amendments. The District encompasses approximately 550,000 acres of land in seven counties located in Southeast Missouri, and makes assessments to owners of 444,754 acres. These assessments are the District s primary source of revenues. The District oversees and maintains numerous drainage facilities, and approximately 1,000 miles of ditches, and 300 miles of levees. As a governmental entity, the District is exempt from federal and state income taxes. Board Of Supervisors Sam M. Hunter, DVM, President...Sikeston, Missouri Paul T. Combs, Vice-President...Kennett, Missouri Gaylon M. Lawrence, Jr., Supervisor...Wilson, Arkansas A.C. Riley James, Supervisor...New Madrid, Missouri Tim W. Martin, Supervisor...Bernie, Missouri Staff W. Dustin Boatwright.. Executive Vice-President / Chief Engineer Belinda G. Welker. Treasurer Stephanie L.Hosey.Secretary NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A) Basis of Accounting The District reports its assets, liabilities, and results of operations using a modified cash basis of accounting which is a special purpose framework of accounting other than the accounting principles generally accepted for governmental entities in the United States of America. The District maintains its accounts on a cash basis, with a major modification of assessments and related administrative fees being recorded at October 31 based on the date assessments are levied to landowners of record (currently January 1 of each year) rather

7 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) A) Basis of Accounting (continued) than when the collections are received. This method differs from generally accepted accounting principles for a governmental entity wherein all assets and liabilities ascribed to the entity would be reported in the financial statements and revenues and expenses would be recorded on an accrual basis rather than when cash is received or expended. B) Estimates and Assumptions The preparation of financial statements in conformity with the modified cash basis of accounting described above requires the management of the District to make estimates and assumptions that affect certain reported amounts and disclosures. Actual results could differ from those estimates. C) Cash and Cash Equivalents The District considers all unrestricted, highly-liquid investments with an initial maturity of three months or less to be cash equivalents. D) Fixed Assets Fixed assets are not included in the Maintenance Fund s Statement of Assets, Liabilities, and Fund Balance. Expenditures for land, buildings, furniture, heavy equipment, automobiles and trucks, along with any payments are included as components of expenditures within the Statement of Revenues, Expenditures, and Changes in Fund Balance. Any donations of fixed assets are not recorded within the Statement of Revenues, Expenditures, and Changes in Fund Balance. NOTE 3 DRAINAGE FEES RECEIVABLE Levies of $1,347,882 and $1,346,877 recorded as of October 31, 2017 and 2016, respectively, are based on a rate of 10% for each dollar of assessed benefits provided to acreage within the District. No allowance for uncollectible assessments has been made. Uncollected assessments are written off after a five-year period in deference to the related Missouri Statutes. During the years ended October 31, 2017 and 2016, the District recorded statute of limitations strike-offs of $10,474 and $8,546, respectively. At October 31, 2017 and 2016, the District had $10,356 and $12,679, respectively, of delinquent levies.

8 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) NOTE 4 ADMINISTRATIVE FEES RECEIVABLE In 2007, the Board of Supervisors approved the inclusion of an administrative charge for those properties with assessments less than $ Such fees are allowed to be assessed by Missouri Statutes to reimburse the District for costs associated with processing annual maintenance statements for certain small tracts. The administrative charges have been accrued in conjunction with the related assessments on land holdings. At October 31, 2017 and 2016, the District had current administrative fees receivable of $44,862 and $45,118, respectively, and $12,275 and $12,522, respectively, receivable from prior years. NOTE 5 - INVESTMENTS The District invests in certificates of deposit that are federally insured or backed by fixed income securities issued by United States federal government to comply with the Missouri Revised Statutes. All investments are recorded using the cost method in accordance with the modified cash basis. At October 31, 2017 and 2016, the District held certificates of deposit totaling $6,659,000 and $6,399,000. The District received interest of $74,337 and $67,090 for the years ended October 2017 and NOTE 6 NRCS REIMBURSEMENT The District received commitment from the National Resources Conservation Service (NRCS), as administrator for the Emergency Watershed Protection Program, to complete ditch cleanouts on drainage ditches and waterways located throughout the District. During the year ended October 31, 2017 and 2016, the District received $2,658,591 and $886,655 from the program for work completed during the years. The District does not record work in progress or any receivables for completed work that is anticipated to qualify for NRCS reimbursement. The District completed the work and received the final reimbursement during June 2017.

9 NOTE 7 RISK MANAGEMENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. In order to limit its exposure to these risks, the District purchases workers compensation insurance, general and auto liability insurance, commercial property insurance. There have been no significant reductions in insurance coverage during fiscal year ended October 31, NOTE 8 - EMPLOYEES' RETIREMENT PLAN The District began a defined benefit pension plan in April The plan is not subject to ERISA reporting requirements or any minimum funding requirements by the State of Missouri. The related contract provides for payments to participants for life or to their beneficiaries until 120 months after retirement. Payments are based on years of service and compensation. The participants make monthly contributions of 3% of their monthly salaries. Contributions made to the plan by the District during its fiscal years ended October 31, 2017 and 2016, were $52,070 and $50,000, respectively. The following are the most recent disclosures about the District s pension plan: Summary Of Valuation Results As Of April 1, Summary of Participants Information a. Number of Participants (i) Active Participants 15 (ii) Terminated Vested Participants 3 (iii) Retired Participants 3 (iv) Total Participants 21 b. Average Age of Active Participants years c. Average Participation Service of Active Participants years d. Annual Compensation (Limited) $ 661, Summary of Liabilities a. Present Value of Future Benefits (i) Active Participants $ 1,456,202 (ii) Terminated Vested Participants 20,485 (iii) Retired Participants 551,965 (iv) Total Participants $ 2,028,652 b. Present Value of Future Normal Costs $ 746,202 c. Normal Cost for Current Year $ 48,955 d. Present Value of Future Compensation $ 9,989,198

10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) NOTE 8 - EMPLOYEES' RETIREMENT PLAN (CONTINUED) Summary Of Valuation Results As Of April 1, 2017 (Continued) 3. Plan Assets a. Market Value $ 1,433,755 b. Actuarial Value $ 1,433,755 Percentage of 4. Contribution for the 2017/2018 Plan Year Amount Compensation a. Annual Employee Contribution Amount $ 21, % b. Annual Employer Contribution Amount 18, % c. Total Annual Contribution Amount $ 39, % 5. Summary of Actuarial Assumptions a. Discount Rate 5.00% b. Post-Retirement Mortality IRC 417(e) Applicable Mortality Table c. Pre-Retirement Decrements None d. Compensation Increase Assumption 3.50% 6. Summary of Actuarial Methods a. Funding Method Entry Age Normal b. Actuarial Asset Value Method Market Value c. Amortization of Unfunded Accrued Liability Level percentage of compensation d. Amortization Period 15 years Development Of Annual Contribution Amount As Of April 1, Present Value of Benefits $ 2,028, Actuarial Value of Assets (1,433,755) 3. Present Value of Future Contributions $ 746, Present Value of Future Normal Contributions a. Employee Contributions (3% x Annual Future Compensation) $ 299,676 b. Employer Contributions 446,526 c. Total Present Value of Future Normal Contributions $ 746, Unfunded Accrued Liability $ (151,305) 6. Annual Contribution Amount a. Employee Normal Cost (3% x Annual Future Compensation with interest) $ 21,054 b. Employer Normal Cost 30,349 c. Total Normal Cost With Interest to End of Year $ 51,403 d. Amortization of Unfunded Accrued Liability (11,691) e. Total Annual Contribution Amount $ 39,712 f. Total Annual Contribution as a Percentage of Compensation 6.00% g. Amortization Period 15 years h. Compensation Increase Assumption 3.50%

11 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) NOTE 9 PROPERTY, EQUIPMENT, AND VEHICLE PURCHASES The District made material equipment purchases during the year ended October 31, The following are material equipment purchases made during the year ended October 31, All purchases are treated as expenditures in accordance with the modified cash basis shown on Exhibit B. During the year ended October 31, 2017, the District purchased $6,500 of property, $576,369 of equipment, and $415,189 of vehicles. On January 4, 2016, the District purchased 526 acres of farm land in Dunklin County, Missouri along with the fixtures and irrigation equipment attached. The District paid $5,500 per acre totaling $2,894,100 and settlement charges of $4,395. The land will be leased to the previous owner for five years ending December 31, The land will be leased at $220 per acre totaling $115,764 annually. NOTE 10 - CURRENT VULNERABILITY DUE TO CERTAIN CONCENTRATIONS The District s primary source of revenue is from assessments placed on acreage within the District s boundaries. Because its base of revenue is limited to this area at the assessment rate by the Board of Supervisors, assessment revenues are essentially fixed, pending any revision to the applicable assessment rate by the Board. At October 31, 2017, the District had deposits with banks in excess of FDIC insured limits. The Bank of Missouri has pledged assets to cover the District s deposits. Alliance Bank and MML Investment Services have invested the deposits in money market accounts and CDs to remain under the insurable FDIC limits. NOTE 11 - SUBSEQUENT EVENTS Subsequent events and transactions of the District were evaluated through March 20, 2018 the date of the financial statements were available to be issued. There were no items found that would be required to be disclosed in these financial statements.

12 LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS OCTOBER 31, 2017 Federal Federal CFDA Expenditures Number 2017 Federal Grantor/Pass-Through Entity/Program Title U.S. Department of Agriculture/ National Resources Conservation Service/ Emergency Watershed Protection (cash) $ 2,658,591 $ 2,658,591 NOTE A BASIS OF PRESENTATION The schedule of expenditures of federal awards includes the federal grant activity of the District under programs of the federal government as of and for the year ended October 31, 2017 and The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the District, in is not intended and does not present the financial position, changes in net assets or cash flows of the District. NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. NOTE C INDIRECT COST RATE The District has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.

13 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS OCTOBER 31, 2017 Part B Findings Related To The Financial Statements Which Are Required To Be Reported In Accordance With GAGAS Finding 2016,B-1 Late submission of financial statements to the Federal Audit Clearinghouse Condition: Submissions of Single Audits are required to be submitted prior to 9 months after year end. The District did not submit its financial statements in a timely manner. Status The District has addressed the internal controls over its contracts and has submitted financial statements for 2017 in a timely manner. Part C Findings And Questioned Costs Major Federal Awards Condition: Submissions of Single Audits are required to be submitted prior to 9 months after year end. The District did not submit its financial statements in a timely manner. Status The District has addressed the internal controls over its contracts and has submitted financial statements for 2017 in a timely manner.

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18 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND SCHEDULE OF FINDINGS AND QUESTIONED COSTS OCTOBER 31, 2017 Part A - Summary Of Auditor s Results Financial Statements Type of auditor s report issued X unmodified qualified adverse disclaimer Internal control over financial reporting: Going Concern Issue? yes X no Significant deficiency(ies) identified? X yes no Material weakness(es) identified? yes X no Noncompliance material to financial statements noted? yes X no Federal Awards Internal control over major programs: Significant deficiency(ies) identified? X yes no Material weakness(es) identified? yes X no Type of auditor s report issued on compliance for major programs X unmodified qualified adverse disclaimer Any audit findings disclosed that are required to be reported in accordance with Section 2 CFR (a) A-133? yes X no Identification of major programs: CFDA Number Name Of Federal Program Or Cluster U.S. Department of Agriculture Natural Resources Conservation Service/ Emergency Watershed Protection Dollar threshold used to distinguish between Type A and Type B programs: $750,000 Auditee qualified as low-risk auditee? yes X no

19 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND SCHEDULE OF FINDINGS AND QUESTIONED COSTS OCTOBER 31, 2017 Part B Findings Related To The Financial Statements Which Are Required To Be Reported In Accordance With GAGAS Finding B-2017, 1 Late submission of financial statements to the Federal Audit Clearinghouse Condition: Submissions of Single Audits are required to be submitted prior to 9 months after year end. Criteria: Internal controls should be in place to ensure that the District is in compliance with it contracts and Federal Awards. Cause: The District believed that the reporting for this Federal Award would be the responsibility of the state. Effect: The District did not comply with the requirements of it contract with USDA. Recommendation: The District should implement controls to ensure that it will be able to comply with all contracts in a timely manner. Views of Responsible Officials and Planned Corrective Actions: The District will implement controls to ensure that it will be able to comply with all contracts in a timely manner. Part C Findings And Questioned Costs Major Federal Awards Finding C-2017, 1 Late submission of financial statements to the Federal Audit Clearinghouse Condition: Submissions of Single Audits are required to be submitted prior to 9 months after year end. Criteria: Internal controls should be in place to ensure that the District is in compliance with it contracts and Federal Awards. Cause: The District believed that the reporting for this Federal Award would be the responsibility of the state. Effect: The District did not comply with the requirements of it contract with USDA. Recommendation: The District should implement controls to ensure that it will be able to comply with all contracts in a timely manner. Views of Responsible Officials and Planned Corrective Actions: The District will implement controls to ensure that it will be able to comply with all contracts in a timely manner.

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21 OTHER INFORMATION

22 MARE AND COMPANY Certified Public Accountants 330 N. Fourth Street, Suite 304 St. Louis, MO (314) March 20, 2018 Our audit was conducted for the purpose of forming an opinion on the basic financial statements as a whole. The attached other information consisting of Maintenance Fund Land and Acreage by County, Maintenance Fund Equipment, Maintenance Fund Vehicles, Maintenance Fund Structures, Buildings, and Property, Maintenance Fund Equipment Sold, and Maintenance Fund Vehicles Sold is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it.

23 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND LAND AND ACREAGE BY COUNTY AT YEAR ENDED OCTOBER 31, 2017 OTHER INFORMATION Agriculture Commercial Pasture Timber Unallocated Total Acreage Acreage Acreage Acreage Acreage Acreage Bollinger 2, , ,757.2 Cape Girardeau 1, ,131.1 Dunklin Pemiscot Scott Stoddard , , , ,690.8

24 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND EQUIPMENT IN USE AT COST AT YEAR ENDED OCTOBER 31, 2017 OTHER INFORMATION Purchase Date Model Cost Articulated Trucks 06/28/16 Caterpillar 745C $ 474,316 06/28/16 Caterpillar 745C 474,316 06/28/16 Caterpillar 745C 474,316 06/28/16 Caterpillar 745C 474,316 Excavators and Attachments 03/31/ Volvo 240CL Excavator 142,500 01/09/ Caterpillar 324E 227,077 02/10/ Caterpillar 324E 227,077 06/10/ Caterpillar 324E 246,071 06/10/ Caterpillar 324E 246,071 10/07/14 Brush cutting mower attachments 10,250 05/29/ Caterpillar 326F LR & Hydraulic Pump 253,000 08/01/ Caterpillar 336F 321,051 08/01/ Caterpillar 336F 321,051 08/01/ Caterpillar 336F 321,051 08/01/ Caterpillar 336F 321,051 08/01/ Caterpillar 349F 358,077 08/01/ Caterpillar 349F 358,077 08/18/ Caterpillar 336F 321,051 08/18/ Caterpillar 336F 321,051 10/11/ Caterpillar 352F 472,616 11/10/ Heavy Duty Brush Cutting Mower 13,638 09/18/ Ditch Bucket 8,425 09/18/ Ditch Bucket 8,425 08/18/ E Bucket 4,750 08/18/ E Bucket 4,750 07/08/ ESCO Progressive Link Thumb 18,050 02/23/16 Moss Bucket 3,250 08/21/12 Fecon Bullhog 39,420 10/13/11 Brushcutting 5,400 06/06/12 60" Wide Bucket.86 Cubic Yards 3,444 06/06/12 60" Wide Bucket.86 Cubic Yards 3,444 02/12/13 PC400 Ditch Bucket 4,700 11/10/16 Brush Cutting Mower for CAT Excavators (Hahs Machine Works) 12,194 11/10/16 Brush Cutting Mower for CAT Excavators (Hahs Machine Works) 12,194

25 Dozers 10/13/11 Dozer Blade 5,400 10/19/11 Caterpillar D-7 Dozer 11,400 10/19/11 Caterpillar D-7 Dozer 11,400 10/19/11 Caterpillar D-7 Dozer 11,400 04/02/ Caterpillar 130G Road Grader 16,000 06/26/ Caterpillar D7G Dozer 24,000 07/01/ Caterpillar D7G Dozer 17,500 06/14/ Caterpillar Scraper 7,225 09/06/17 10' Dozer Rake w Hangers 1,848 10/06/17 10' Dozer Rake w Hangers 1,848 Loaders 07/12/08 MASSEY FERGUSEN 5480 TRACTOR 60,000 01/07/ Caterpillar 289C Compact Tract Loader 55,000 08/12/11 John Deere 5101E Tractor/Self Leveling Loader 48,940 07/08/ Caterpillar 963D Track Loader 259,818 07/08/ Caterpillar 963D Track Loader 259,818 12/01/15 Caterpillar 289D C3H2 Skid Steer 65,020 Tractors and Attachments 05/18/ FR15 Heavy Rhino cutter 14,875 12/18/ Bad Boy72" 31hp Mower 8,398 04/27/11 10' Cutter 2,200 06/18/12 Mower 2,550 01/04/16 Caterpillar Tractor 13,355 04/25/ " Cutter 15,000 06/22/16 Case IH Maxxum 115 Tractor and Loader 85,651 06/22/16 Case IH Maxxum 115 Tractor and Loader 85,651 06/22/16 Case IH Maxxum 115 Tractor and Loader 85,651 05/04/17 Rome Plow 10' Leveling Scraper 30, hp International 1394 Tractor John Deere 4020 Tractor Case International 570 Tractor - Hydroseeder 18,000 ATVs 04/09/ Yamaha 4-Wheeler 4,090 10/20/ John Deere Gator XUV 9,540 02/08/ Arctic Cat 550 7,344 02/08/ Arctic Cat 550 7,344 Fuel and Utility Trailers 05/18/ UMFG Trailer 10/27/ JA -MAR Utility Trailer 2,835 10/27/ JA-MAR Utility Trailer 2,835 10/31/ JA-MAR Utility Trailer 4,650 11/04/ JA-MAR Utility Trailer 4,150

26 11/06/ JA-MAR Utility Trailer 3,915 11/18/ JA-MAR Utility Trailer 4,000 11/18/ JA -MAR Trailer 4,000 11/05/ Pitt's Lowboy Trailer 42,900 12/07/ JA-MAR Trailer 1,100 04/12/ JA-MAR Trailer 1,099 05/10/ JA-MAR Trailer 1,199 06/01/ UMC TRAILER /10/ KASE Trailer /21/ JA-MAR Trailer 1,199 06/22/ JA-MAR Trailer 1,199 07/30/ JA-MAR Trailer 1,199 08/10/ JA-MAR Trailer 1,199 08/19/ KASE Trailer /19/ UMC TRAILER /27/ JA-MAR Trailer 1,099 11/18/ UMC TRAILER /07/ JA-MAR Trailer 1,249 01/04/ JA-MAR Trailer 1,099 01/21/ KASE Trailer /21/ UMLE Trailer /08/ JA-MAR Trailer 1,399 06/27/ JA-MAR Trailer 1,500 07/20/ JA-MAR Utility Trailer 1,500 02/07/ JA-MAR Utility Trailer 1,495 08/19/ JA-MAR Trailer 1,500 03/18/16 Tank Semitrailer 6,000 07/25/ Military Trailer /25/ Military Trailer /25/ Military Trailer /30/ Military Trailer /28/ Military Trailer /28/ Military Trailer /14/ Armor Lite Belly Dump Trailer 27,000 Survey 09/15/10 R Trimble Equipment 40,000 Boat, Trailer and Motor 06/01/ Evenrude Boat Motor 1,000 06/01/ Rivercraft Trailer /01/ Alumaweld Model 1756 Jon Boat 1,000 $ 7,920,979

27 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND VEHICLES AT COST AT YEAR ENDED OCTOBER 31, 2017 OTHER INFORMATION District Vehicles In Use Purchase Date Vehicle Cost 03/23/ Ford 2-Ton $ 7,993 1/1/1994 Chevrolet K Ton 9,900 1/1/1994 Oshkosh Road Tractor 6,500 10/21/ Freightliner Tractor Truck 34,127 07/27/ AMGE Dump Truck 4,500 8/13/ Ford F250 4x4 Supercab SRW 29,442 5/3/ Ford F250 33,057 6/24/ Ford Fusion 22,743 6/24/ Ford Fusion 22,743 12/20/ International 2574 Tractor Truck 16,000 2/10/ Ford F150 4x4 Crew Cab Lariat 40,457 2/10/ Ford F150 4x4 Crew Cab Lariat 40,457 3/21/ Ford F150 4x4 Crew Cab Lariat 40,683 3/28/ Stewart & Stevenson M1083 Cargo Truck 4,000 3/28/ BMY M923A2 Truck 4,500 4/21/ Ford F250 4x4 Crew Cab Lariat 49,209 4/21/ Ford F250 4x4 Crew Cab Lariat 49,209 4/21/ Ford F250 Supercab XLT 34,532 4/27/ BMY Dump Truck 4,000 4/27/ BMY Tractor Truck 3,000 5/4/ Ford F250 XLT 34,530 5/4/ Ford F250 XLT 42,037 5/4/ Ford F250 XLT 42,037 9/18/ Ford F250 XLT 42,037 $ 617,693 District Vehicles Sold During The Year Purchase Date Vehicle Sales Price 11/13/ Ford F150 $ 31,500 03/24/ Ford Focus 8,300 2/23/ Ford F150 Lariat 39,000 2/23/ Ford F150 Lariat 38,500 11/19/ Ford F150 35,000 8/21/ Ford Focus 10,500 5/3/ Ford F250 Lariat 46,680 5/3/ Ford F250 Lariat 46,680 4/1/ Ford F250 4x4 Supercab 26,500 5/3/ Ford F250 34,500 8/13/ Ford F250 4x4 Supercab SRW 28,200 8/11/ Ford F250 4x4 Supercab SRW 27,500 3/23/ Ford F150 4x4 - $ 372,860

28 THE LITTLE RIVER DRAINAGE DISTRICT MAINTENANCE FUND STRUCTURES, BUILDINGS, AND PROPERTY AT COST AND APPRAISED VALUE AT YEAR ENDED OCTOBER 31, 2017 OTHER INFORMATION County Physical Address Acreage Structures Cost Appraisal Cape Girardeau State Hwy 25 Delta, MO 7.91 Office/Shop, Salt Storage, Solid Storage $ 218,000 $ 305,000 Building, Maintenance Building, Utility Cape Girardeau Building 1440 Kurre Lane Cape Girardeau, MO 0.26 Office $ 148,000 $ 225,000 Cape Girardeau Pemiscot Pemiscot Pemiscot Pemiscot Scott 1432 Kurre Lane Cape Girardeau, MO 0.45 Office $ 280,000 * 2889 Hwy A Wardell, MO 7.61 Shop $ 17,700 $ 23, E Broad Wardell, MO 0.17 Vacant lot $ - $ 4,080 E Broad Wardell, MO (Lot 10, 11 Original Town Wardell) 0.34 Vacant lot $ 5,780 $ 5,780 E Broad Wardell, MO (Lot 4 Blk 7 Unplatted Wardell 0.16 Vacant lot $ 2,720 $ 2, County Hwy 242 Chaffee, MO 24.3 Shop $ 292, County Hwy 242 Chaffee, MO House $ 44,000 * Willl be appraised after remodel at the Board of Supervisor's discretion