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Loan Feasibility Study for Raw Water Acquisition and Utilization Page 35 Table 10 Penrose Water District Revenue Snureec 1) Audited figures 2) Budget figures 3) Includes property taxes assessed for both general operating expenses and a special voter authorized 3.0 mill levy assessment for water acquisition/development together with specific ownership taxes. 4) Contains both tap connection charges and availability letters. 5) Drought conditions resulted in conservation water rates and restrictions consisting of no outside watering except for livestock in July 2002. Lifted restriction on outside watering in July 2003 and reduced conservation rates. In October 2003 removed conservation rates. Volunteer conservation practices continued. 6) Tap moratorium enacted in April 2002, lifted in April 2004. Tap fee increased in cost in March 2005. 7) Note payable to Fremont Bank. Obtained to finance purchase of Goodwin Ranch and associated 10/12` ownership in the Pleasant Valley Ditch. Principal due April 2007. Interest of 6.35% due January and April of each year. Secured by Deed of Trust on ranch and all of the District's Certificates of Deposit. 8) Reflects total base water sales. Budgetary $1.20 per equivalent residential unit (ERU) per month ($24,389 in 2006) is directed to the Enterprise budget to pay the debt service on the USDA Rural Development and Colorado Division of Local Government, Energy and Mineral Impact loans. Excess funds from the $1.20 are placed in the Set -aside to Reserve fund for distribution improvements. 9) Anticipated draw on CWCB loan. Leonard Rice Engineers, Inc. August 2006 - 1018PEN05 GMS, Inc. Dam Total Year Water Water Sales Repair Repair Taxes 31 Tap Fees 41 Other Interest Total Grants Loans Income Sales Consumption Surcharge Income Income Income w /Capital Funds 200111 $310,268 $410,365 $17,559 $102,802 $ 95,500 $ 9,052 $77,410 $1,022,956 $124,650 0 $1,147,600 2002'1 $315,162 $372,41451 $108,374 $119,50061 $ 3,370 $39,662 $ 958,482 $ 19,380 0 $ 977,862 200311 $321,961 $266,91351 $113,473 $ 3,00061 $ 9,546 $50,417 $ 765,310 $ 6,250 0 $ 771,560 2004') $332,008 $249,064 $106,365 $ 72,00061 $14,505 $62,022 $ 835,964 0 0 $ 835,964 200511 $367,801 $332,400 $111,030 $217,000 $31,050 $80,985 $1,140,266 $3,005,217'1 $4,145,483 20062) $371,547$1 $396,000 $117,147 $ 74,000 $12,196 $76,171 t $1,047,061 0 $4,200,00091 $5,247,006 1) Audited figures 2) Budget figures 3) Includes property taxes assessed for both general operating expenses and a special voter authorized 3.0 mill levy assessment for water acquisition/development together with specific ownership taxes. 4) Contains both tap connection charges and availability letters. 5) Drought conditions resulted in conservation water rates and restrictions consisting of no outside watering except for livestock in July 2002. Lifted restriction on outside watering in July 2003 and reduced conservation rates. In October 2003 removed conservation rates. Volunteer conservation practices continued. 6) Tap moratorium enacted in April 2002, lifted in April 2004. Tap fee increased in cost in March 2005. 7) Note payable to Fremont Bank. Obtained to finance purchase of Goodwin Ranch and associated 10/12` ownership in the Pleasant Valley Ditch. Principal due April 2007. Interest of 6.35% due January and April of each year. Secured by Deed of Trust on ranch and all of the District's Certificates of Deposit. 8) Reflects total base water sales. Budgetary $1.20 per equivalent residential unit (ERU) per month ($24,389 in 2006) is directed to the Enterprise budget to pay the debt service on the USDA Rural Development and Colorado Division of Local Government, Energy and Mineral Impact loans. Excess funds from the $1.20 are placed in the Set -aside to Reserve fund for distribution improvements. 9) Anticipated draw on CWCB loan. Leonard Rice Engineers, Inc. August 2006 - 1018PEN05 GMS, Inc.