|
SOUTHEASTERN COLORADO WATER CONSERVANCY DISTRICT
<br />NOTES TO FINANCIAL STATEMENTS
<br />DECEMBER 31, 2005
<br />NOTE 4 - INTERFUND RECEIVABLES/PAYABLES/TRANSFERS (Cont'd.)
<br />Operating transfers for the year ended December 31, 2005 were as follows:
<br /> Transfers In Transfers Out
<br />Governmental fund -
<br />General fund $ 22,547 $ -
<br />Enterprise fund -
<br />Water activity enterprise - 22,547
<br /> $ 22,547 $ 22 547
<br />This operating transfer was for the purpose of moving the water banking activity to the general fund.
<br />NOTE 5 -CAPITAL ASSETS
<br />Capital assets activity for the year ended December 31, 2005 was as follows;
<br /> Balance Balance
<br /> January 1, December 31,
<br /> 2005 Additions Deletions 2005
<br />Governmental activities -
<br />Nondepreciable assets -
<br />Perpetual water rights $132,237,478 $ - $ - $132,237,478
<br />Land 20,092 - - 20,092
<br />Construction in progress 215,936 - (215,936) -
<br />Total capital assets,
<br />not being depreciated 132,473,506 - (215,936) 132,257,570
<br />Depreciable assets -
<br />Buildings and improvements 953,810 232,721 - 1,186,531
<br />Furniture and equipment 418,149 65,601 (1,664) 482,086
<br />Total capital assets
<br />being depreciated 1,371,959 298,322 (1,664) 1,668,617
<br />Less: accumulated depreciation for -
<br />Buildings and improvements (216,929) (59,854) - (276,783)
<br />Furniture and equipment (232,420) (51,924) 1,664 (282,680)
<br />Total accumulated
<br />depreciation (449,349) (111,778) 1,664 (559,463)
<br />Capital assets being depreciated, net 922,610 186,544 - 1,109,154
<br />Total governmental activities
<br />capital assets, net 133.396.116 $ 186,544 (215.9361 133.366.724
<br />Depreciation expense of $111,778 was charged to the general government function.
<br /> -26-
<br />
|