Free 31289.FH11 - Indiana

ANNUAL REPORT - RAILROAD PROPERTY
State Form 31289 (R7 / 12-08) / U.D. Form 32 Department of Local Government Finance

DLGF FILE NUMBER

FOR DEPARTMENT OF LOCAL GOVERNMENT FINANCE (DLGF) USE ONLY

PRIVACY NOTICE: The records in this series are CONFIDENTIAL according to IC 6-1.1-35-9.

TOTAL ASSESSMENT

INSTRUCTIONS: 1. This Annual Report should be prepared in duplicate. 2. Send one (1) copy to: Department of Local Government Finance Utility Specialist 100 North Senate Ave., Room N1058 Indianapolis, IN 46204 Telephone: (317) 232-3756 Additional forms and information may be found on our website: www.in.gov/dlgf/. 3. One (1) copy is to be kept in the files of the taxpayer as a part of its permanent records.

DLGF DISTRIBUTABLE

NOTICE: All persons, companies, corporations, or associations owning or operating a steam or electric railroad, a suburban or interurban railroad, a switching or terminal railroad, a railroad station, or a railroad bridge in Indiana are required to file annual reports under IC 6-1.1-8-19. Failure to file the required reports by the due date will result in substantial penalties.
Name of railroad company (respondent) Tax year

Street address

City, state, and ZIP code

Name of officer to whom notice of assessment and correspondence should be sent

Telephone number

(
Mailing address of officer, (if different from above) (number and street)

)

E-mail address

City, state, and ZIP code

Fax number

( QUESTIONS:
Fiscal year end Location of accounting records Form of business Federal Income Tax year end

)

If Federal Return is filed as part of a consolidated group, name filed under Is the amount of Federal depreciation claimed in this return actual or estimated?

Partnership or Joint Venture

Sole Proprietorship

Corporation

Other (describe) ____________________________________________________________________ FEIN: _____________________________
Did you own, hold, possess or control any leased or rented depreciable property on March 1?

Yes No If yes, please complete the proper section of Schedule A-1 of this report. Under penalties of perjury, I hereby certify that this report (including accompanying schedules and statements), to the best of my knowledge and belief, is true, correct and complete; reports all taxable property owned, held, possessed or controlled by the named taxpayer on the assessment date of this report, as required by law; and is prepared in accordance with IC 6-1.1-8 and regulations promulgated with respect thereto.
Signature of authorized person Printed name of authorized person Title Date signed (month, day, year)

Page 1

SUPPLEMENTAL INFORMATION
Please complete the sections that apply to the taxpayer

RAILROAD CORPORATIONS COVERED BY THIS RETURN List below the names of all owned, leased, or otherwise controlled carrier corporations, the operations of which are covered by the financial statements, income and expense accounts included in this return. NAME OF CORPORATION FEIN RELATIONSHIP TO TAXPAYER

MILES OF ROAD OPERATED TYPE OF TRACK First Main Second Main Side Track Trackage Rights TOTAL TRACKAGE The total trackage in Indiana shown on this schedule must equal the total trackage shown on Schedule E. INDIANA ALL OTHERS TOTAL

EQUIPMENT OPERATED List the number of units for each type of equipment, owned or leased, and included in this return as of December 31. TYPE OF EQUIPMENT Freight Cars Passenger Cars Locomotives Work Equipment Miscellaneous Equipment Highway Revenue Equipment OWNED LEASED FROM OTHERS TOTAL

Page 2

SUPPLEMENTAL INFORMATION - CONTINUED
Please complete the following sections.

OPERATING STATISTICS If you do not maintain records for any of the items listed below, please indicate with N/A. WITHIN INDIANA Investment (Book) All Track Miles Originating and Terminating Tonnage Ton Miles Locomotive Miles Freight Car Miles Aggregate Car and Locomotive Miles Revenues OUTSIDE INDIANA TOTAL INDIANA PERCENTAGE

RAILROAD PERFORMANCE DATA If you do not maintain records for any of the items listed below, please indicate with N/A. Investment in Property (Total-Book) Accumulated Depreciation and Amortization (Book) Net Investment Railway Operating Revenues Net Railway Operating Income Transportation Expenses Railway Operating Expenses Federal Income Taxes Deferred Income Taxes Average Miles of Road Operated Train Miles Gross Ton Miles (000) Train Hours - Road Service Ton Miles Revenue Freight (000) Tons Revenue Freight (000) ADDITIONAL INFORMATION AND / OR REMARKS

Page 3

SCHEDULE A - SUMMARY OF SELECTED INFORMATION
Please complete the following sections.

SECTION 1 - OPERATING PROPERTIES 1. 2. 3. 4. 5. 6. 7. Federal cost of operating property Cost of leased property (from schedule A-1) Total cost of property Federal accumulated depreciation of operating property Federal accumulated depreciation of leased property Total federal accumulated depreciation Net federal value of property (line 3 less line 6)

SECTION 2 - MISCELLANEOUS PROPERTIES INDIANA 8. 9. Land @ cost Construction-in-progress @ cost ALL OTHERS TOTAL

For Class I railroads, Land would be Account 2 and CIP would be Account 90. SECTION 3 - CURRENT YEAR ADDITIONS COST 10. 11. 12. 13. Road - excluding structures Equipment Other misc. personal property Total ACCUMULATED DEPRECIATION NET VALUE

Please use federal cost and depreciation. If federal numbers are unavailable or unable to be estimated, please use book numbers and indicate by checking box.

Page 4

SCHEDULE A-1 - PROPERTY LEASED FROM OTHERS

INSTRUCTIONS:

1. 2. 3. 4. SECTION 1 - ASSESS TO LESSEE (RESPONDENT) DESCRIPTION OF PROPERTY (RIGHT-OF-WAY, FREIGHT CARS, ETC.) MILES OF R/O/W OR NUMBER OF UNITS COST BEGINNING / ENDING DATE OF LEASE ACCUMULATED DEPRECIATION

Report all property which is held, possessed, or controlled but not owned. If the property is to be assessed to the lessee (respondent), complete Section 1. If the property is to be assessed to the owner, complete Section 2. Attach additional schedules if necessary.

OWNER OF PROPERTY

TOTALS - CARRY THE TOTALS TO LINES 2 AND 5 OF SCHEDULE A

NOTE: Report detail of leased right-of-way on Schedule E.

SECTION 2 - ASSESS TO OWNER DESCRIPTION OF PROPERTY (RIGHT-OF-WAY, FREIGHT CARS, ETC.) MILES OF R/O/W OR NUMBER OF UNITS BEGINNING / ENDING DATE OF LEASE

OWNER OF PROPERTY ADDRESS OF OWNER

Page 5

SCHEDULE A-2 - PROPERTY LEASED TO OTHERS

INSTRUCTIONS:

1. 2. 3. 4. SECTION 1 - ASSESS TO OWNER (RESPONDENT) DESCRIPTION OF PROPERTY (RIGHT-OF-WAY, FREIGHT CARS, ETC.) MILES OF R/O/W OR NUMBER OF UNITS COST BEGINNING / ENDING DATE OF LEASE

Report all property which taxpayer is leasing to another railroad company. If the property is to be assessed to the owner (respondent), complete Section 1. If the property is to be assessed to the lessee, complete Section 2. Attach additional schedules if necessary.

LESSEE OF PROPERTY

ACCUMULATED DEPRECIATION

TOTALS

NOTE: Report detail of leased right-of-way on Schedule E.

SECTION 2 - ASSESS TO LESSEE DESCRIPTION OF PROPERTY (RIGHT-OF-WAY, FREIGHT CARS, ETC.) MILES OF R/O/W OR NUMBER OF UNITS BEGINNING / ENDING DATE OF LEASE

LESSEE OF PROPERTY ADDRESS OF LESSEE

NOTE: Report detail of leased right-of-way on Schedule E.

Page 6

SCHEDULE B - BALANCE SHEET
Please report book numbers as of December 31st.

ASSETS CURRENT ASSETS: Cash and cash equivalents Temporary cash investments Accounts receivable Materials and supplies Deferred income taxes Other current assets TOTAL CURRENT ASSETS: PROPERTIES: Road Equipment Capital leases Other properties TOTAL PROPERTIES: Less accumulated depreciation and amortization NET PROPERTIES: Other assets TOTAL ASSETS:

LIABILITIES AND STOCKHOLDERS EQUITY CURRENT LIABILITIES: Accounts payable Accrued expenses Short-term debt Current maturities of long-term debt Other current liabilities TOTAL CURRENT LIABILITIES: Long-term debt Deferred income taxes Deferred credits Other liabilities TOTAL LIABILITIES: STOCKHOLDERS EQUITY: Capital stock Paid-in capital Retained earnings Other capital TOTAL STOCKHOLDERS EQUITY: TOTAL LIABILITIES AND STOCKHOLDERS EQUITY:

Page 7

SCHEDULE B-1
Please complete using book numbers as of December 31st.

ROLLING STOCK AND EQUIPMENT Freight Cars Passenger Cars Locomotives Work Equipment Miscellaneous Equipment Highway Revenue Equipment Computer systems All other equipment TOTAL ROLLING STOCK AND EQUIPMENT ROAD Engineering Other right-of-way expenditures Grading Tunnels and subways Bridges, trestles, and culverts Elevated structures Ties Rails Other track material Ballast Track laying and surfacing Fences, snow sheds, and signs Station and office buildings Roadway buildings Water stations Fuel stations Shops and enginehouses Grain elevators Storage warehouses Wharves and docks Coal and ore wharves TOFC/COFC terminals Communication systems Signals and interlockers Power plants Power-transmission systems Miscellaneous structures Roadway machines Roadway small tools Other expenditures Shop machinery Power-plant machinery All other road accounts TOTAL ROAD TOTAL ROAD AND ROLLING STOCK

COST

ACCUMULATED DEPRECIATION

Page 8

SCHEDULE B-2
Please complete using book numbers as of December 31st. If federal information is not maintained by the accounts listed below, please check box. ACCUMULATED DEPRECIATION

ROLLING STOCK AND EQUIPMENT Freight Cars Passenger Cars Locomotives Work Equipment Miscellaneous Equipment Highway Revenue Equipment Computer systems All other equipment TOTAL ROLLING STOCK AND EQUIPMENT ROAD Engineering Other right-of-way expenditures Grading Tunnels and subways Bridges, trestles, and culverts Elevated structures Ties Rails Other track material Ballast Track laying and surfacing Fences, snow sheds, and signs Station and office buildings Roadway buildings Water stations Fuel stations Shops and enginehouses Grain elevators Storage warehouses Wharves and docks Coal and ore wharves TOFC/COFC terminals Communication systems Signals and interlockers Power plants Power-transmission systems Miscellaneous structures Roadway machines Roadway small tools Other expenditures Shop machinery Power-plant machinery All other road accounts TOTAL ROAD TOTAL ROAD AND ROLLING STOCK

COST

Page 9

SCHEDULE C - INCOME STATEMENT FOR LAST FIVE YEARS

Please report book numbers as of December 31st.

__________

__________

__________

__________

__________

OPERATING REVENUES:

Transportation

Other operating revenues

TOTAL OPERATING REVENUES:

OPERATING EXPENSES:

Transportation

Equipment

Way and structures

General and administrative

Other operating expenses

TOTAL OPERATING EXPENSES:

NET REVENUES FROM RAILWAY OPERATIONS

Income taxes on ordinary income (-)

Provision for deferred taxes (-)

Income from lease of road and equipment (-)

Rent for leased road and equipment (+)

NET RAILWAY OPERATING INCOME (LOSS)

Page 10

SCHEDULE D - TRACK DISTRIBUTION
Please check if no change from prior year. Please indicate if track is: Leased from another railroad OR Leased to another railroad Lessor / Lessee name: ___________________________________

INSTRUCTIONS:

1. Report the mileage for each type of track in each taxing district. 2. Complete a Schedule D for each county in which the taxpayer owns or operates track. 3. If the taxpayer has more than one branch or line in a county, complete a Schedule D for each of those branches or lines. 4. If the acreage is unavailable by taxing district, please report a county total. 5. Arrange counties in alphabetical order. Arrange taxing districts in numerical order. 6. Contact the county assessor if you remove track or track is non-operational as such property would become locally assessable. BRANCH / LINE: DLGF # FIRST MAIN SECOND MAIN SIDE TRACK TRACKAGE RIGHTS

COUNTY:

TAXING DISTRICT NAME

ACREAGE INVOLVED

TOTALS

Page 11

SCHEDULE E - NON-OPERATING FIXED PROPERTY
Please check if no change from prior year.

Non-operating property is assessed by the Local Assessor

INSTRUCTIONS:

1. List the non-operating fixed property owned within the State, the location and value thereof in each county, township, city, town or taxing district where the property is located. 2. If the taxpayer has more than one branch or line in a county, complete a schedule E for each of those branches or lines. 3. Attach additional schedules if necessary. 4. Arrange counties in alphabetical order. Arrange taxing districts in numerical order. 5. Contact the county assessor if you have non-operating property that is not being locally assessed.

COUNTY NAME DLGF #

TAXING DISTRICT

DESCRIPTION OF PROPERTY / INCLUDE PARCEL NUMBER $

ASSESSED VALUE (TRUE TAX VALUE)

TOTAL ASSESSED VALUE OF REAL ESTATE

Page 12

SCHEDULE F - OPERATING FIXED PROPERTY
Please check if you had no change in improvements from prior year.

Operating property is assessed by the State

INSTRUCTIONS:

1. List all personal property (office furniture and fixtures, tools, office equipment, microwave towers and other miscellaneous personal property), material and supplies, and improvements located within the State and the location thereof in each county, township, city, town or taxing district where the property is located. 2. If the taxpayer has more than one branch or line in a county, complete a separate schedule F for each of those branches or lines. 3. Please report the personal property, material and supplies at cost if available. 4. Attach additional schedules if necessary. 5. Arrange counties in alphabetical order. Arrange taxing districts in numerical order. 6. Please use the value for improvements that were certified in the last reassessment year, unless it is a new improvement. 7. Please identify any new or retired improvements. 8. Contact the county assessor if improvements are leased to a non-railroad business or are no longer used for railroad purposes, as those are locally assessed.

COUNTY NAME DLGF #

TAXING DISTRICT DESCRIPTION OF PROPERTY PERSONAL PROPERTY

MATERIALS & SUPPLIES

TRUE TAX VALUE OF IMPROVEMENTS

TOTALS

Page 13