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<br />C) Annual Operating Budget <br />************************* <br /> <br />~- <br /> <br />.' <br /> <br />( Data provided by the District Treasurer) <br /> <br />1) Income (see Exhibit "F" for the District's current rate structure) <br /> <br />The budgeted income forthe year 2003 is summarized as $289,875 and <br />includes user water revenues, and all other sources such as mil levies, etc. <br /> <br />2) O-perations and Maintenance Cos~ <br /> <br />,I <br /> <br />The budgeted O&M costs for the year 2003 is summarized as $119,681 and <br />includes salaries, taxes, accounting and legal fees, electric power, chemicals, /'/' <br />office supplies, insurance,. etc. . <br /> <br />3) Capital Improvements <br /> <br />Per USDA's requirement that purchased water be included in this category as <br />an additional O&M cost, it is estimated that the purchase of treated water and <br />its hauling for 2003 would be approximately $40,000 ( during periods of <br />drought when the Little Thompson River is dry.) 00 <br /> <br />i::,'.: 4) Debt Repayments <br /> <br />Current debt is as follows: <br /> <br />General Bond-$442.756-----( includes interest and fees for payoff in 2017) <br /> <br />, 0 <br /> <br />Loan. State of Colorado. DOLA-$6.904( includes interest and fees for payoff <br />in 2008) <br /> <br />Proposed Financing is as follows ( capital construction, purchase of water <br />o shares, etc~) through loans not to exceed 5.5% interest. <br /> <br />Colorado Department of Public Health and Environment ( DWRF)----$870.000 <br /> <br />/ <br />/ <br /> <br />Colorado Water Conservation Board-----------------------------------$2.13 0.000 <br /> <br />U.S. Department of Agriculture---------~---------additional funds as needed <br /> <br />. <br /> <br />5) Reserve <br /> <br />The reserve for 2003 is estimated at $58,000 <br /> <br />36 <br />