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<br />CONDENSED BALANCE SHEET - GENERAL FUND
<br />SOUTHEASTERN COLORADO WATER CONSERVANCY DISTRICT
<br />DECEMBER 31, 2002
<br />ASSETS
<br />LIABILITIES AND FUND BALANCE
<br />Cash and equivalents
<br />$ 2,343,962
<br />Liabilities -
<br />BUDGET
<br />U.S. Treasury securities
<br />6,930,361
<br />Accounts payable
<br />$ 39,536
<br />Receivables -
<br />Property taxes
<br />Due to enterprise fund
<br />430,496
<br />Due from collecting agents
<br />65,309
<br />Deferred property tax revenue
<br />5,151,508
<br />Property taxes
<br />5,151,508
<br />Deferred contract revenue
<br />3,058,243
<br />Accrued interest
<br />65,485
<br />Total Liabilities
<br />8.679,783
<br />Prepaid contract obligation
<br />3,058,243
<br />3,058,243
<br />3,058,244
<br />Advance from enterprise fund
<br />693,000
<br />Fund Balance -
<br />410,000
<br />385,000
<br />Enterprise fund reimbursement /transfers
<br />Reserved for emergencies
<br />150,000
<br />260,000
<br />Other
<br />Reserved for advance from
<br />34,533
<br />11,000
<br />enterprise fund
<br />693,000
<br />10,568,974
<br />EXPENDITURES
<br />Unreserved
<br />8,78 085
<br />Current -
<br />Total Fund Balance
<br />9,628,085
<br />$ 18,307,868
<br />438,411
<br />$ 18,307,868
<br />CONDENSED STATEMENT OF REVENUES AND EXPENDITURES
<br />ACTUAL AND BUDGET - GENERAL FUND ALONG WITH 2003 BUDGET
<br />YEAR ENDED DECEMBER 31, 2002
<br />See Independent Auditors' Report.
<br />The accompanying notes are an integral part of this statement.
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<br />2003
<br />ACTUAL
<br />BUDGET
<br />BUDGET
<br />REVENUES
<br />Property taxes
<br />$ 4,696,129
<br />$ 4,724,334
<br />$ 5,151,508
<br />Specific ownership taxes
<br />725,022
<br />550,000
<br />650,000
<br />Sale of project water
<br />60,610
<br />385,000
<br />80,000
<br />Storage of winter water
<br />108,366
<br />112,000
<br />50,000
<br />Contract revenue
<br />3,058,243
<br />3,058,244
<br />3,981,466
<br />Interest
<br />436,937
<br />410,000
<br />385,000
<br />Enterprise fund reimbursement /transfers
<br />258,447
<br />177,500
<br />260,000
<br />Other
<br />11,500
<br />34,533
<br />11,000
<br />9,355,254
<br />9,451,611
<br />10,568,974
<br />EXPENDITURES
<br />Current -
<br />Outside services
<br />438,411
<br />352,615
<br />619,315
<br />Administration
<br />373,923
<br />392,485
<br />609,287
<br />Travel and related expenses
<br />21,030
<br />11,000
<br />-
<br />Office expenses
<br />95,806
<br />89,150
<br />-
<br />Collection fees
<br />77,530
<br />80,000
<br />82,000
<br />Legislative and water education
<br />115,512
<br />44,200
<br />-
<br />Capital outlay
<br />23,188
<br />24,700
<br />26,400
<br />Contract obligations
<br />7,671,243
<br />7,997,776
<br />8,987,308
<br />Contingency
<br />-
<br />10,000
<br />10,000
<br />8,816,643
<br />9 001,926
<br />10,334,310
<br />EXCESS OF REVENUES OVER EXPENDITURES
<br />$ 538,611
<br />$ 449,685
<br />$ 234,664
<br />See Independent Auditors' Report.
<br />The accompanying notes are an integral part of this statement.
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