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
Notes to Financial Statements
December 31, 2009
NOTE D -WATER RIGHTS, STORAGE FACILITIES and EQUIPMENT
A summary of changes in fixed assets continues-
Balance
Balance
Governmental Activities:
01/01/09
Additions Deletions
12/31/09
Subtotal Assets under Development -not Depreciated
4,392,399
21,344 -
4,413 43
Depreciable Assets:
Equipment- computer and head gates
16,152
- -
16,
Leasehold Improvements - office
3,310
Fencing at Tingle Reservoir
3,150
Subtotal Depreciable Assets
16,152
6,460 -
16,152
Total Water Rights, Storage Facilities and Depreciable Assets
$4,408,551
$27,8 -
$4,436,355
LESS: accumulated Depreciation;
Equipment- computer and head gates
Leasehold Improvements - office
Fencing at Tingle Reservoir
Total Accumulated Depreciation
Net Capital Assets
Water Riahts Developed and Leased:
Under terms of the lease with Centennial W
District has granted a 50 year water lease it
leasing 500 a/f of water per annum. The m
After 2019 and for the remainder of th ease
lease fee is $10,000 plus any adju ve
consumer price index (CPI). , g 00 hi
$20,000. '0"
684 611 - 1,295
69 - 69
9 - 39
$ 7..
$6 $719 - $1b,403
$27,085 - $4,434,952
&' n tion District (CW &SD), the
a o on for an additional 50 years, for
1u annual water lease fee is $193,646.
d the renewal period, the annual water
five years resulting from changes in the
District leased an additional 200 a/f for
Storage Facilities and e o nt and Under Construction: Included in storage
facilities under devel , i e re- lining of the Smelter Storage reservoir and the
District expects t"incur addi onal costs in 2010. Additional District expenditures of
approximately 30 estimated, resulting in an estimated cumulative total of
$492,000 tore- e and xpand this storage facility.
NO - IN ESTMENT IN JOINT VENTURE
T e is s entered into an agreement with the Upper South Platte Water
' ncy District, and together they each own 50% of the Headwater Authority of the
t atte (HASP). Future years will report the District's 50% share of profits or
ls) resulting form the activities of this joint venture. The principal activity of HASP
i the sale of water augmentation shares to users within the Colorado counties
epresented by both partners. For 2009, the District recorded an increase of $3,862
from successful operations of the joint venture.
Unaudited cash basis financial statements for year ended December 31, 2009 are
available from HASP.
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