|
Center of Colorado Water Conservancy District
<br />'Park Coung, Warerfir Park Coun!y"
<br />R0, Box 1747 — 644 Front St, — Fairplay. CO 8044D -1747
<br />Tel. 719-836.2120 Fax. 719836-2120
<br />USING THIS ANNUAL REPORT -continued
<br />• Supplementary Information. This optional schedule reports (i) the administrative expenses-
<br />general fund for the current year ended and is intended to facilitate additional analysis.
<br />FINANCIAL ANALYSIS OF THE DISTRICT AS A WHOLE
<br />• Changes in key financial metrics using
<br />government-wide financial gstat6r, heift,
<br />Year Ended December 31,
<br />2009 *.s, 200j,
<br />Metric 2009
<br />2008
<br />k2wchuge Percentage Change
<br />Total Assets $5,205,610
<br />$4,484,533
<br />$721,01 16.08%
<br />Total Liabilities $2,344,911
<br />$2,075,530
<br />381 12.98%
<br />Net Assets $2,860,699
<br />$2,409,003�,.,
<br />'g, 696 18.75%
<br />Net Assets:
<br />Investment in Capital Assets $2,170,534
<br />$2,43,1,,680
<br />($261,146) -10.74%
<br />Restricted For Joint Venture $15,078
<br />$112
<br />$3,862 34.43%
<br />... .... .
<br />Unrestricted $675,0
<br />'($,3.894)
<br />$708,981 NM
<br />$2;$60,69
<br />$451,697 18.75%
<br />Current Resources "T75
<br />$65.450
<br />$685,630 NM
<br />'
<br />Current Liablljtae 269,246
<br />$265,613
<br />$2,633 0.99%
<br />Net 2,834
<br />($200,163)
<br />$682,997 NM
<br />NM = not meaningful
<br />1) We continue to leva tqge our financial resources and reduce our risks associated with the
<br />acquisition, development and storage of Park County water resources by sharing
<br />clevelo osts with financially strong parties.
<br />2) e imbro"'ved"our liquidity and ability to finance current operations and capital additions
<br />when
<br />financed the completed James Tingle Reservoir at favorable interest rates for a ten
<br />year I WIod.
<br />3) For the current year ended, our total governmental fund revenues increased by $10,697 in
<br />comparison to 2008. On a comparative basis, taxes and interest income changed, as
<br />illustrated in the following table:
<br />-4-
<br />
|