C150335 Feasibility

• Contract/PO #: C150335
• Contractor Name: Center of Colorado Water Conservancy District
• Contract Type: Loan
• County: Park
• Loan Projects - Doc Type: Feasibility Study

Center of Colorado Water Conservancy District
'Pork Cauncr Wotarftr Park County"
P.O. Box 1747 - 548 Front St, - Falrplay, CO 00440 -1747
TgL 719- 838.2120 Fax. [phone]
USING THIS ANNUAL REPORT - continued
• Government -wide financial statements; These columnar additions to the traditional
governmental fund financial statements are intended to show the District's overall financial
status both long -term and short -term, much like private- sector companies.
The government -wide statements use accounting methods similar to
companies;
The statement of net assets (columnar addition to the governmer
balance sheet on page 7) includes all of the District's assets and
Likewise, the statement of activities (columnar addition to�the gvernmenal funds
revenues, expenditures and changes in fund balances I ,page 8) a its all of the
current year's revenues and expenses regardless of ' hen`cash is received or paid.
These two government -wide statements, the si
activities, report the District's "net assets" and t
difference between the District's assets and lial
sector's statement of financial position. Financ
financial health of the District. Over time, +ncr0�
an indicator of the improvement or deteriorbtior
you should consider other "nonfinancial" factdh
net assets on the District's financlal�ealth, i.e.,
District and the condition of it;a )k6ter'riahts r-elE
-nent of net assets and statement of
they'have changed. Net assets is the
Ps and`is analogous to the private -
ositidp is one measure of the overall
g nett assets or decreasing net assets are
the District's financial health. However,
assessing the impact of the changes in
anges in the assessed valuations for the
storage facilities and equipment.
Individual Fund financial statdhignis, `Traditional reporting of the general fund for the current
period. Funds are etf tiafr�din._ ccounting devices used to keep track of resources and
expenditures for particuiar pur uses, such as conserving and defending water resources.
The District has only ,,a sin gle "type of fund, i.e., governmental fund type consisting of the
general furtwhieh accounts for all of the District's operations.
For the,gover,men1pi fund, the emphasis is short -term and how cash and other financial
assets„are used "to finance operations and repay debt. What remains for future spending is
idpresented by0�the components of the fund balance.
are the major source of revenue.
• Statd`nt of Budgetary Comr)arison- General Fund; Reports the comparison of the adopted
budgets for the general fund versus the actual results for the current year ended.
• Notes to the financial statements. Notes to the financial statements provide more detail and
explain some of the information reported in the financial statements.
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