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PROJ02041
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PROJ02041
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Last modified
4/18/2011 3:16:45 PM
Creation date
7/10/2007 1:35:22 PM
Metadata
Fields
Template:
Loan Projects
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 Financial Report <br />Town of Debeque, Colorado <br />December, 31, 2005 <br />the town must be certain the assets detailed in these funds are used for their intended purposes. <br />NOTES TO FINANCIAL STATEMENTS <br />The notes provide additional information that is necessary for a full understanding of the data <br />provided in the accompanying financial statements. <br />OTHER INFORMATION <br />In addition to the financial statements and notes, this report contains supptementary information <br />and details of the accompanying financial statements. <br />Table 1 <br />Net Assets <br />(In Thousands, Current and <br />Previous Year Comparison) <br />Current and other Assets: <br />Capital Assets: <br /> � Total Assets <br />Long-term liabilities: <br />Other liabilities: <br /> ■ " Total Liabilities <br />Net Assets: <br />Invested in Capital Assets, <br />net of related debt: <br />Restricted: <br />Unrestricted (deficit): <br />Total Net Assets <br />TOWN AS A WHOLE <br />Governmental <br />Cunent Previous <br />650.5 721.2 <br />1,533.5 1,524.1 <br />2,184.0 2,245.4 <br />51.6 .5 <br />51.6 .5 <br />1,533.5 <br />278.2 <br />320.7 <br />$2,132.4 <br />1,524.1 <br />272.1 <br />448.7 <br />$2,244.9 <br />Business-type Total Primary <br />Current Previous Current Prior <br />467.6 <br />1,688.8 <br />2,156.4 <br />220.2 <br />94.0 <br />314.2 <br />1,444.3 <br />0.0 <br />397.9 <br />$1,842.2 <br />706.5 <br />],425.0 <br />2,131.5 <br />244.5 <br />135.3 <br />379.7 <br />1,158.2 <br />110.5 <br />372.6 <br />$1,641.3 <br />1,118.1 <br />3,222.3 <br />4,340.4 <br />220.2 <br />145.6 <br />365.8 <br />2,977.8 <br />278.2 <br />718.6 <br />$3,974.6 <br />1,427.8 <br />2,949. I <br />4,376.9 <br />244.5 <br />135.8 <br />380.2 <br />2,682.3 <br />382.6 <br />8213 <br />$3,886.2 <br />The town's combined net assets from the previous year were $3,886.2 thousand as compared to $3,974.6 thousand <br />this year. However, net assets and expenses from govemmental and business -type activities must be reviewed <br />separately. Table 1 focuses on the net assets and Table 2 focuses on changes in the net assets of the town's <br />governmental and business-type activities. <br />The town's net assets for governmental activities were $2,132.4 thousand this year as compared to $2,244.9 last year. <br />Unrestricted net assets were $821.3 thousand last year as compared to $718.6 thousand this year. Unrestricted net <br />assets are those that can be used to finance everyday operations without restrictions set by legislation, debt covenants, <br />M3 <br /> �� <br />
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