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The following table compares revenues and expenses for the business-type activities for 2004 and 2005.
<br />It should be noted that 2004 enterprise total revenue includes $1,400,000 paid by the city of Aurora as
<br />stipulated by the 2003 IGA. Excluding the city of Aurora's payment, enterprise activities revenue
<br />increased only slightly.
<br />Revenues
<br />Program revenues -
<br />Charges for services
<br />Aurora IGA
<br />Investment earnings
<br />Total Revenues
<br />Expenses
<br />Water activity enterprise
<br />Total Expenses
<br />Increase in net assets before transfers
<br />Transfers
<br />Increase in net assets
<br />Net assets, beginning of year
<br />Net assets, end of year
<br />BUDGET ANALYSIS
<br />Comparative Statement of Activities
<br /> Business-Type Activities
<br />2005 2004 Change
<br />$ 970,741 $ 862,051 $ 108,690
<br />- 1,400,000 (1,400,000)
<br />46,866 31,301 15,565
<br />1,017,607 2,293,352 (1,275,745)
<br />
<br />831,550 576,855 254,695
<br />831,550 576,855 254,695
<br />
<br />186,057 1,716,497 (1,530,440)
<br />(22,547) (1,000,000) 977,453
<br />
<br />163,510 716,497 (552,987)
<br />924,979 208,482 716,497
<br />
<br />$ 1.088,489 $ 924,979 $ 163,510
<br />In December, 2004, the District's board of directors adopted a budget for the calendar year 2005
<br />following a public hearing as required by state law. In September, 2005, the board of directors amended
<br />the budget to recognize revenues and expenditures related to water sales that were higher than
<br />anticipated. Final appropriations for the general fund for the year ended December 31, 2005 totaled
<br />$12,804,159 compared to actual expenditures of $12,759,850.
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