PROJ02041

• Contract/PO #: C150241
• Contractor Name: DeBeque, Town of ‎(Acting by and through its Irrigation System Enterprise)‎
• Contract Type: Loan
• Water District: 0
• County: Mesa
• Loan Projects - Doc Type: Feasibility Study

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Management's Discussion and Analysis Fin�.ncial Report
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Town of Debeque, Colorado !
December, 31, 2005 '
The Statement of Net Assets and the Statement of Activities divide
activities:
1) Governmental activities: The town's basic services are accoi
including the police, public works, parks departments and ge
taxes, franchise fees, and state and federal grants finance the
2) Business-type activities: These activities are reported in the
generally report services for which the town charges custom�
of Business-type activities. These are enterprise funds and in
Enterprise funds essentially encompass the same functions rE
activities in the government -wide statements. Services are p
to the town organization such as water utilities.
DETAILING THE MOST IMPORTANT FUNDS
The fund financial statements provide detailed information about the
town. Certain funds are mandated by State law and by bond agreeme
established to manage money, meet legal reyuirements or for certain
Government funds: Basic services are reported in government funds.
statements detail how money flows in and out of the funds and report:
end that are on hand for disbursement. Government funds are reportec
method called modified accrual accounting. This method measures ca
can easily be converted to cash. The governmental fund accountabilit;
spendable resources during the year and balances of spendable resour
the year. They are useful in evaluating annual financing requirements
and the commitment of spendable resources for the next term.
Budgetary comparison statements are included in the basic financial
fund and the major special revenue fund. These statements and sche�
within the town adopted and final revised budget.
town into two types of
;d for in this section,
•al administration. Property
yority of these activities.
id financial statements and
a fee. There are two kinds
aal service funds.
rted as Business-type
ided to customers external
�t important funds of the
Other funds are
or grants.
Jovernment fund financial
the balances left at year-
using an accounting
h and financial assets that
focuses on the use of
es available at the end of
>f governmental programs
nents for the general
demonstrate compliance
Proprietary funds: Proprietary funds are those the town charges for services it provides, both to
town units and outside customers. Proprietary funds are reported ir� th� Statement of Net Assets
and the Statement of Revenues, Expenses and Changes in Fund Net A;ssets. The tawn's enterprise
funds, a component of proprietary funds, are the same as the business�type activities we report in
the government-wide statements, but they give more detailed informa�ion such as cash flow.
TOWN SERVING AS TRUSTEE
Due to trust arrangements, the town is often accountable for assets that can only be used for trust
beneficiaries. All of these trustee proceedings are detailed in separate Statements of Fiduciary Net
Assets and Changes in Fiduciary Net Assets, if required. Because the town cannot use these assets
to finance its operations, these activities are not included in other fina�cial statements. However,
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