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<br />Table 7 - Ute WCD Revenue by Source, 1995 - 1997
<br />
<br />Revenue Source 1995 1996 1997
<br />Operating Revenue (1) $4,954,843 $5,493,948 $5,407,206
<br />Tap Fees 2,020,682 2,577,653 2,926,093
<br />Property Taxes (2) 763,583 873,353 917,279
<br />Invest. and Misc. Income 2,397 1,569,508 1,905,680
<br />Total (3) $7,741,505 $10,514,462 $11,156,258
<br />
<br />(1) Water sales and service charges
<br />(2) Current levy is 2.000 mills
<br />(3) Revenue from other sources than those listed were reported in some years
<br />
<br />Rates
<br />
<br />The District's current residential rate structure for %-inch and I-inch metered connections
<br />consists of an $8.00 minimum charge for the first 3,000 gallons and $2.10 per 1,000 for
<br />usage in excess of 3,000 gallons. Tap fees for %-inch and I-inch taps are currently $3,200
<br />and $4,800 respectively. The average residential water bill is estimated at $20 per month
<br />at the present time.
<br />
<br />Long-Term Debt
<br />
<br />The District's present debt structure consists of six CWCB Construction Fund loans, two
<br />revenue bond issues, and three relatively small notes. The District is current on all
<br />CWCB loans. The debt schedule is summarized in Table 8.
<br />
<br />Table 8 - Ute WCD Long-Term Debt Schedule
<br />
<br />Item Year Maturity Annual Outstanding
<br /> Incurred Payment Balance
<br />CWCB Loan, C-153329 1980 2021 $50,520 $762,332
<br />CWCB Loan, C-153380 1982 2013 521,172 5,409,623
<br />CWCB Loan,C-153489 1987 2007 8,094 62,500
<br />CWCB Loan, C-153583 1990 2007 1,714 13,225
<br />CWCB Loan ,C-153670A 1994 2025 26,020 387,657
<br />CWCB Loan, C-153670B 1995 (a) $490,325(a) 1,110,349
<br />Subtotal CWCB Debt $7,745,686
<br />1995 Water Rev. Bonds 1995 2006 Variable $5,530,000
<br />1997 Water Rev. Bonds 1997 2002 Variable 5,510,000
<br />City of Fruita Note 1984 2023 $12,233 478,820
<br />City of Fruita Note 1984 2023 30,710 178,859
<br />Land Note 1996 2006 Variable 60,000
<br />Subtotal Other Debt $11,757,679
<br />Total All Debt $19,503,365
<br />
<br />(a) Payments to begin at completion of Plateau Creek Pipeline Project
<br />
<br />11
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