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e CD <br />Center of Colorado Water Conservancy District <br />"Park County Watery fi r Park County" <br />P.O Box 1747 - $48 Front St. - Falrplay, CO 80440 -1747 <br />Tel. 719 - 836.2126 Fax. 719- 836 -2120 <br />FINANCIAL ANALYSIS OF THE DISTRICT AS A WHOLE - continued <br />Year Ended December 31, <br />2009 2008 <br />Property Taxes $ 398,189 $ 395,770 <br />Specific Ownership Taxes $ 46,878 $ 52,797 <br />$ 445,067 $ 448,567 <br />2008 vs. 2009 <br />Dollars Chanee <br />Percentage Chanee <br />$ 2,419 <br />0.61% <br />$ (5,919) <br />- 11.21% <br />$ (3,50) <br />-0.78% <br />Interest Earned $ 3,245 $ 8,208 $ <br />The following table summarizes the growth in tax revenue for <br />Property <br />Year Assessed Tax <br />Ended Valuations Revenue <br />$ 46,878 <br />$ 52,797 <br />$ 52,750 <br />- 60.47% <br />expenditures decreased ($627,183) <br />• Ljovernmentai rung Hnwsrs, <br />The General Fund increased its unreserved fund balances- monies that are used to finance <br />operations. The District hasFr extress�, of $690,000 in unreserved funds. <br />For the current year annual general fund appropriation was $1,224,144. Actual <br />expenditures were n the amount of $412,738. <br />1 <br />The statement of budgetary comparison can be found on page 9. <br />ALASSET AND DEBT ADMINISTRATION <br />For the current year ended, capital outlays decreased substantially (actual 2009 of $44,023) <br />from the 2708 total of $661,351, and reflected the completion of the James Tingle Reservoir. <br />We expect continued significant capital expenditures for improvements and development of <br />water storage facilities and we continue to seek methods to reduce our operational and financial <br />risks. <br />For the year ended December 31, 2009, the District's outstanding debt is in the amount of <br />$2,264,418 which is greater than 2008 debt that totaled $1,976,186. This debt is repayable in <br />annual installments of $280,582including interest through 2019. <br />-5- <br />