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� <br />� <br />� <br />General Obligation <br />, Refunding Bonds Series <br />2002 — $1,890,000 <br />originally issued with <br />� interest rates ranging <br />from 4.05 to 5.75% <br /> �� <br />� <br />� <br />� <br />� <br />� 4. <br />� <br />� <br />Balance at Batance at Due <br />January 1, December 31, Within <br />2406 Increase Decrease 2406 One Year <br />+ �11 � 111 1 !11 1 ill <br />The following is a sununary of mandatory sinking fund payments and interest requirements on the <br />bonds: <br />Year Ending <br />December 31, <br />2008 <br />2009 <br />2010 <br />Zo�l <br />2012 <br />2013 — 2017 <br />2018 — 2022 <br />2023 — 2025 <br />Sinking <br />Fund <br />Interest <br />Total <br />$ SS,OQO <br />60,000 <br />65,000 <br />�o,00a <br />70,000 <br />415 ,aoo <br />530,000 <br />435.000 <br />', 11 i ! 1 <br />DEPOSITS <br />$ 94,513 <br />92,285 <br />89,705 <br />86,910 <br />83,13Q <br />351,438 <br />219,938 <br />53.186 <br />1 f 1 <br />$ 149,513 <br />152,285 <br />154,705 <br />156,910 <br />153,130 <br />766,038 <br />749,938 <br />488,186 <br />� r 1 1 <br />The Colorado Public Deposit Protection Act, (PDPA) requires that all units of local government <br />deposit cash into eligible public depositories as determined by state regulators• Amounts Qn deposit in <br />excess of federal insurance levels must be collateralized. The eligible collateral is determined by the <br />PDPA which allows the institution to create a single collateral pool for all public funds. The pool is to <br />be maintained by another institution, or keld in trust for all the uninsured public deposits as a group. <br />The market value of the collateral mnst be at least equal to 102°l0 of the aggregate uninsured deposits. <br />� At December 31, 2407 and 2006, the carrying amounts of the District's cash were $93,315 and <br />$82,672 respectively, and the bank balances were $93,527 and $82,713, respectively. All of the bank <br />batances were covered by federal depository insurance. <br />� <br />5. RISK MANAGEMENT <br />� <br /> �� <br />j_ <br />The District i s exposed to various risks of losses related to torts; theft of, damage to and destruction of <br />assets; errors and omissions; injuries to employees; and natural disasters. The District carries <br />commercial insurance for these risks of loss. There were na claims resultiug from these risks that <br />exceeded commercial insurance coverage during 2007 and 2006. <br />1 _R_ <br />