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Stonegate Village Metropolitan District
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET ASSETS
<br />PROPRIETARY FUNDS
<br />For the Year Ended December 31, 2006
<br /> Water Sewer
<br />OPERATING REVENUES Fund Fund Total
<br />Water sales S 2,790,554 $ - ~ 2,790,554
<br />Sewer charges - 1,536,162 1,536,162
<br />Meter set fees 28,164 - 28,164
<br />Tap fees 9,664 - 9,664
<br />Reunbursements 63,441 12,302 75,743
<br />287
<br />440
<br />4
<br />Total revenues 2,891,823 1,548,464 ,
<br />,
<br />OPERATING EXPENSES
<br />Operations 159,526 2]8,72] 378,247
<br />Utility billings 88,303 88,251 176,554
<br />Cherry Creek Basin fees - ]2,036 12,036
<br />District management 72,815 51,984 124,799
<br />Engineering 153,115 85,179 238,294
<br />Laboratory analysis 3,486 19,693 23,179
<br />Chemicals 15,455 88,474 103,929
<br />Sludge disposal - 148,447 148,447
<br />Metet• costs 61,444 - 61,444
<br />Utilities 601,641 191,570 793,211
<br />Lisurance 15,348 15,348 30,696
<br />Repairs and maintenance 84,608 120,318 204,926
<br />Landscaping
<br />Tools and supplies -
<br />1,572 -
<br />2,928
<br />4,500
<br />Accounting and audit 10,499 10,499 20,998
<br />Depreciation 631,458
<br />221
<br />2 582,393
<br />345
<br />25 1,213,851
<br />566
<br />(52
<br />Legal 7, , ,
<br />Conservation 1,844 - 1,844
<br />Water studies 2,577 - 2,577
<br />Other 5,820 9,873 15,693
<br />Reimbursed expenses 47,824 - 47,824
<br /> 5
<br />Total expenscs 1,984,556 1,671,059 3,655,61
<br />NET OPERATING INCOME (LOSS} 907,267 (122,595) 784,672
<br />NON OPERATING INCOME
<br />Investment interest income 107,534 47,034 154,568
<br />CHANGES IN NET ASSETS 1,014,801 (75,561) 939,240
<br />NET ASSETS -JANUARY 1, 2006 19,907,433 11,886,050 31,793,483
<br />NET ASSETS -DECEMBER 31, 2006 $ 20,922,234 $ 11,810,489 $ 32,732,723
<br />The Notes to Financial Statements are an integral part of these statements.
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