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<br />I <br /> <br />I <br /> <br />GROUND WATER MANAGEMENT SUBDISTRICT OF <br />CENTRAL COLORADO WATER CONSERVANCY DISTRICT <br />Greeley. Colorado <br />Notes to Financial Statements <br />December 31. 2001 <br /> <br />I <br /> <br />I <br /> <br />Note 2 - Cash and Investments (Continued) <br /> <br />I <br /> <br />The District had invested $569,056 in the Colorado Government Liquid <br />Asset Trust (COLOTRUST), an investment vehicle established for local <br />government entities in Colorado to pool surplus funds. COLOTRUST <br />operates similarly to a money market fund and each share is equal in <br />value to $1.00. Investments in COLOTRUST consist of U.S. Treasury <br />bills, notes and note strips and repurchase agreements collateralized <br />by U.S. Treasury securities. A designated custodial bank provides <br />safekeeping and depository services to COLOTRUST in connection with <br />the direct investment and withdrawal functions of COLOTRUST. <br />Substantially all securities owned by COLOTRUST are held by the <br />Federal Reserve Bank in the account maintained for the custodial <br />bank. The custodian's internal records identify the investments <br />owned by COLOTRUST. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />Note 3 - General Fixed Assets <br /> <br />A summary of changes in General Fixed Assets follows: <br /> <br />I <br /> <br /> Balance <br /> 12/31/00 Additions <br />Land 22,507 <br />Office Building 204,959 <br />Easements and <br />Right-of-way 12,644 <br />Wells, Ditch Im- <br />provement, and <br />Recharge Projects 351,527 <br />Equipment 159,732 49,716 <br />Stock in Irriga- <br />tion and Reser- <br />voir Companies 1,749,000 200,500 <br />Water projects/ <br />Construction 2.723.905 374.110 <br />Totals 5.224.274 624.326 <br /> <br />Deletions <br /> <br />Balance <br />12/31/01 <br /> <br />I <br /> <br />22,507 <br />204,959 <br /> <br />12,644 <br /> <br />I <br /> <br />351,527 <br />209,448 <br /> <br />I <br /> <br />1,949,500 <br /> <br />I <br /> <br />3.098.015 <br />5.848.600 <br /> <br />I <br /> <br />Note 4'- Related Party Transactions <br /> <br />I <br /> <br />The Subdistrict is directly associated with the Central Colorado <br />Water Conservancy District. The two entities share office space, <br />expenses, personnel, and have the same Board of Directors. <br /> <br />As of December 31, 2001, the Subdistrict owed the District $15,706. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />15 <br />