Free BOE-517-RR, Property Statement - Railroads - California

BOE-517-RR (S1F) REV. 29 (12-08)

STATE OF CALIFORNIA

PROPERTy STATEMENT -- RAILROADS

BOARD OF EQUALIZATION

2009
DECLARATION OF COSTS AND OTHER RELATED PROPERTy INFORMATION AS OF 12:01 A.M., JANUARy 1, 2009
This statement must be completed, signed, and filed with the State-Assessed Properties Division, Board of Equalization, PO Box 942879, Sacramento, California 94279-0061, by March 1, 2009. Omit cents; round to the nearest dollar.
NAME, STREET, CITY, STATE and ZIP CODE

OFFICIAL REQUEST
This request is made in accordance with section 826 of the Revenue and Taxation Code. This property statement must be completed according to the instructions and filed with the Board of Equalization (BOE) on or before March 1, 2009. If you do not file this statement, you may be subject to the penalty provided in section 830 of the Revenue and Taxation Code. Attached schedules are considered to be part of the statement. THIS STATEMENT IS SUBJECT TO AUDIT.

Indicate if above is a change of name and/or address.
THIS STATEMENT SHALL CONSIST OF: DATE SUBMITTED DATE TO BE SUBMITTED N/A

(1) Tangible Property List includes: BOE-533-E--TPL Nonunitary Property Only BOE-569-RR--Railroad Track (2) Statement of Land Changes (3) Schedule of Intangible Information--BOE-529-I (4) Financial Schedules A to H (5) Leased Rolling Stock (6) Schedules of Leased BOE-600-R Equipment BOE-600-B (7) Other Information as Requested (see instructions on reverse) a. Payments to Local Governments b. Stmt. of Rev/Cost Changes c. Annual Rept. to Federal Agencies d. Form 10K e. Shareholders Report--3 copies f. Financial Statements--3 copies g. Inventory Data h. Other List business activities: () ENTITY TYPE: Proprietorship Partnership Corporation Other

Change in ownership prior 12 months?

CERTIFICATION
I certify (or declare) under penalty of perjury under the laws of the State of California that I have examined this Property Statement, including accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct, and complete and covers all property required to be reported which is owned, claimed, possessed, controlled, or managed by the person named in the statement at 12:01 a.m. on January 1, 2009. If prepared by a person other than the taxpayer, this declaration is based on all information of which preparer has knowledge.
FULL LEGAL NAME IF INCORPORATED

SIGNATURE OF OWNER, PARTNER, OFFICER, OR AUTHORIZED AGENT

DATE


NAME OF SIGNATORY (please print) TITLE SIGNATURE AND ADDRESS OF PREPARER OTHER THAN TAXPAYER DATE


CONTINUE

INFORMATION PROVIDED ON A PROPERTy STATEMENT MAy BE SHARED WITH OTHER STATE BOARD OF EQUALIZATION DEPARTMENTS


( (

SBE No.

MAkE NECESSARy CORRECTIONS TO ADDRESS LABEL

Name and address of person to whom correspondence regarding audit should be addressed:
NAME

MAILING ADDRESS (including zip code)

TELEPHONE NUMBER

)

LOCATION OF ACCOUNTING RECORDS (street, city, state and zip code):

NAME OF AUTHORIZED REPRESENTATIVE (if applicable) *

ADDRESS (street, city, state, zip code)

DAYTIME TELEPHONE NUMBER

)

* BOE-892, Statement of Authorization, must be filed annually.

Yes

No

FOR OFFICIAL USE ONLy

2009

2009

BOE-517-RR (S1B) REV. 29 (12-08)

Under the provisions of sections 826 and 830 of the Revenue and Taxation Code and section 901, Title 18, California Code of Regulations, the BOE requests that you file a property statement with the BOE between January 1, 2009, and 5:00 p.m., on March 1, 2009. The property statement shall be completed in accordance with instructions included with the property statement and in publication 67-RR, Instructions for Reporting State-Assessed Property, for lien date 2009. If you do not have these instructions, please let us know and we will mail them to you. All parts of the property statement must be filed by March 1 (exception -- see "N/A" below). Extensions of time for filing the property statement or any of its parts may be granted only on a showing of good cause under a written request made prior to March 1. If you do not file timely, it may result in an added penalty of ten percent of the assessed value as required by section 830 of the Revenue and Taxation Code. (7) OTHER INFORMATION -- INSTRUCTIONS The following information shall be provided with the property statements: a. a statement of your 2008 payments to governmental agencies for the use of public property located in California. Please indicate those payments which are on the basis of agreements entered into prior to December 1955 and which have not been subsequently extended or renewed. b. a statement of changes in revenue and/or costs for the future that are certain, such as rate increases ordered by the Public Utilities Commission or other regulatory agencies or contracts signed by management and labor unions. Please furnish regulatory agency's decision numbers if changes are due to rate case proceedings. c. a copy of your annual report(s) to federal regulatory agencies, such as the Surface Transportation Board or a copy of your annual report to the California Public Utilities Commission. d. a copy of your Form 10K filed with the Securities and Exchange Commission. e. three (3) copies of your 2008 annual report to stockholders. f. three (3) copies of your 2008 financial statements. g. a statement of the amount of inventory held for sale or lease in the ordinary course of business. Such inventory should be reported as follows: 1. Inventory quantity and amount, at book cost, as of January 1, 2009. 2. The average quantity and amount of inventory, at book cost, on hand during calendar year 2008. These figures may be calculated by averaging the twelve (12) month-end balances. 3. Exempt inventory (items held for sale or lease in the ordinary course of business) or supplies which will become a component part of a product you manufacture or sell should not be reported on the BOE-533-E, Tangible Property List. h. other information as requested. A positive response is required for all parts of the property statement. If a requested item does not apply, please so state. If you do not respond to all parts of the property statement, you may be subject to the penalties of section 830 of the Revenue and Taxation Code. N/A -- Not Applicable Item 6 requirements and forms BOE-600-B, Schedule of Leased Equipment which is to be Reported by Lessor to Local Assessor for Assessment, BOE-600-R, Schedule of Leased Equipment with Fixed Location (Railroad), and BOE-551, Statement of Land Changes, need not be returned if there is nothing to report. However, a positive response under the "N/A" column on page S1F is required for those forms not returned. You have the option of substituting for Financial Schedules A to D inclusive, copies of schedules of corresponding information as filed in your annual report required by the Surface Transportation Board for the corresponding period: provided, however, that information regarding depreciation and taxes shall be furnished as called for in the schedules. Report book cost (100 percent of actual cost). Include excise, sales and use taxes (see instructions below for imported use tax information), freight-in installation charges, finance charges during construction, and all other relevant costs required to place the property in service. Do not reduce costs for depreciation (which must be reported separately). Report separately the details of any write-downs of cost, extraordinary damage or obsolescence, or any other information that may help the BOE in estimating fair market value. Note: All replacement cost studies, obsolescence requests, and other voluntary information that assessees believe affects the value of their property must be filed with the property statement or by a date granted by a formal extension. If such information is not filed by that date, staff is not required to consider it in determining its unitary value recommendation. USE TAX INFORMATION California use tax is imposed on consumers of tangible personal property that is used, consumed, given away or stored in this state. Businesses must report and pay use tax on items purchased from out-of-state vendors not required to collect California tax on their sales. If your business is not required to have a seller's permit with the BOE, the use tax may be reported and paid on your California State Income Tax Return or directly to the BOE on the tax return provided in publication 79-B, California Use Tax. Obtain additional use tax information by calling the BOE Taxpayer Information Section at 800-400-7155 or from the website www.boe.ca.gov/sutax/usetaxreturn.htm.

BOE-517-RR (S2F) REV. 29 (12-08)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

SCHEDULE A -- Comparative Balance Sheet
COMPANY NAME SBE NO.

2009

BALANCE AT BEGINNING OF 2008

ASSETS

BALANCE AT END OF 2008

$

Plant and equipment a Miscellaneous physical property Depreciation Reserve a Plant and equipment a Licensed vehicles a Non-operative property a Material and supplies Inventory held for sale or lease in ordinary a course of business Cash and working funds Temporary cash investments and special deposits Notes receivable Accounts receivable Interest, dividends, and rents receivable Prepayments Investments in securities Other investments Other assets All other deferred debits (describe)

$

$ LIABILITIES $

TOTAL ASSETS

$

Accounts payable Loan and notes payable Customer deposits and advances Interest and dividends payable Taxes accrued Deferred income taxes Funded debt Equipment obligations Capital lease obligations Other liabilities All other deferred credits (describe)

$

b b b

TOTAL LIABILITIES
SHAREHOLDER'S EQUITy

$

$

Capital stock Premium and assessments on capital stock Discount on capital stock Treasury stock Retained earnings TOTAL SHAREHOLDER'S EQUITy TOTAL LIABILITIES AND SHAREHOLDER'S EQUITy

$

$

Note -- a Interstate companies show California end-of-year amount in box. Note -- bIndicate portion of long-term debut due within one year in box.

BOE-517-RR (S2B) REV. 29 (12-08)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

SCHEDULE B -- California Road and Equipment
COMPANY NAME SBE NO.

2009
BALANCE END OF 2008

ACCT. NO.

ACCOUNT TITLE

BALANCE BEGINNING OF 2008

ADDITIONS

RETIREMENTS

2 3 4 5 6 7 8 9 11 13 16 17 18 19 20 22 23 25 26 27 29 31 35 37 39 44 45

ROAD Land for transportation purposes Grading Other rights of way expenditures Tunnels and subways Bridges, trestles and culverts Elevated structures Ties Rails and other track materials Ballast Other -- Fences, snowsheds, and signs Station and office buildings Roadway buildings Water stations Fuel stations Shops and enginehouses Storage warehouses Wharves and docks TOFC/COFC terminals Communication systems Signals and interlockers Power plants Power-transmission systems Miscellaneous structures Roadway machines Public improvements -- Construction Shop machinery Power-plant machinery Other -- TOTAL ROAD GENERAL EXPENDITURES General expenditures -- other Interest during construction Improvements on leased property Organization expenses OTHER PROPERTy Other elements of investment Construction work in progress
TOTAL GENERAL AND OTHER EXPENSES TOTAL ROAD, GENERAL AND OTHER EXPENSES

$

$

$

$

70 76 732 739 80 90

EQUIPMENT 52 53 54 55 56 57 58 59 Locomotives Freight-train cars Passenger-train cars Highway revenue equipment Floating equipment Work equipment Miscellaneous equipment Computer equipment (exclude software) Other -- TOTAL EQUIPMENT GRAND TOTAL

$

$

$

$

BOE-517-RR (S3F) REV. 29 (12-08)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

2009
SCHEDULE C -- Railway Operating Income Statement
COMPANY NAME SBE NO.

RAILWAy ITEMS

ACCOUNT NO.*

2008 CALENDAR yEAR

2007 CALENDAR yEAR

$

$

OPERATING REVENUES Freight Passenger Switching Other rail line transportation Incidental Joint facility Total Operating Revenues OPERATING EXPENSES Maintenance of way and structures Maintenance of equipment Transportation-rail line Miscellaneous operations Ad Valorem (property) taxes ** General and Administrative Total Operating Expenses NET REVENUES FROM RAILWAy OPERATIONS Federal income taxes State income taxes Provisions for deferred taxes RAILWAY OPERATING INCOME OTHER INCOME/EXPENSE ** Miscellaneous rent income Rents payable Other rents payable NET OPERATING INCOME INCLUDED IN OPERATING EXPENSES ABOVE Depreciation Dismantling retired property Retirements Total Lease rents -- debit Lease rents -- credit
$ * System of accounts as of October 1, 1990. ** Provide a worksheet listing a breakdown of amounts. $

501

531

556 556 557

510

BOE-517-RR (S3B) REV. 29 (12-08)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

SCHEDULE D -- Statement of Income and Retained Earnings
COMPANY NAME SBE NO.

2009
CALENDAR yEAR 2007

STATEMENT OF INCOME
CALENDAR yEAR 2008

Net operating income (from Schedule C) Net income from other operations Other income Revenues from non-operative physical property Other income Total Income deductions Depreciation on non-operative physical property Taxes on non-operative physical property Other expenses of non-operative physical property Interest Other income deductions Total Net income

$

$

$

$

STATEMENT OF RETAINED EARNINGS
CALENDAR yEAR 2008 CALENDAR yEAR 2007

Balance at beginning of year Net income, as above Other credits (explain) Dividends declared Other debits (explain) Balance end of year

$

$

$

$

SCHEDULE F -- Exempt Property
BALANCE AT BEGINNING OF 2008 ADDITIONS RETIREMENTS BALANCE AT END OF 2008

Licensed Vehicles Computer Software Other

TOTAL COST OF EXEMPT PROPERTy

BOE-517-RR (S4) REV. 29 (12-08)

STATE OF CALIFORNIA

BOARD OF EQUALIZATION

2009
SCHEDULE G -- Inventories and Construction in Progress
COMPANY NAME SBE NO.

BALANCE AT BEGINNING OF 2008

ADDITIONS

RETIREMENTS

BALANCE AT END OF 2008

Materials and supplies Inventory held for resale

Construction in progress Replacement New plant

SCHEDULE H -- Track Structure Mileage Report
California Situs Only
TRACk CLASS NUMBER OF MILES END OF 2007 NUMBER OF MILES END OF 2008

801 802 803 804 805 806 807 808 809 810 834

Main Track Main Track A Main Track B Main Track C Main Track D Main Track F Branch Track F Branch Track Special Branch Track Other Track Main Track A Special TOTAL MILES

CLEAR

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