ALP 6

5(6)
Treasurer's Report for Board of Directors Meeting
December 7, 2012
The financial reports are located behind Tab 5 of your meeting notebook.
Authority — October 2012 statements
Balance Sheet
o Assets totaled $71.0 million
o No WPCRF or DWRF state match loan payments have been made to the Authority in
2012.
Statement of Changes in Net Assets (Income Statement)
o Certain expense line items exceed the respective budgeted amount, but 2012 budget
reclassifications will be proposed during the budget discussion.
o After, ten months activity 83.3% of the total budget is expected.
The Financial Highlights Report for February
• State Treasurers Cash Pool interest rate has stabilized at about 1.13 %.
• COLOTRUST interest rate was 0.26%
Financing Programs
• October financial statements for all programs are included in your packet.
• All programs continue to function normally.
• The October WRBP statements do not reflect the large loan prepayments by the City of Aurora
and Parker Water & Sanitation District.
Accounting Department Activities
The accounting department staff is involved in the following activities, in addition to usual monthly
transaction processing:
• Following the September Is' WPCRF and DWRF debt service payments, staff has been
concentrating on financial transaction processing (October statements completed).
• The two large WRBP loan prepayments took considerable preparation time.
• The prepayments also required significant revisions to the 2012 budget.
• The early implementation of GASB 65 by the end of 2012 has required considerable
planning, auditor discussions, the creation and modification of various amortization
schedules as well as budget modifications.
• BKD auditors were on site the last week in November doing planning and preparation for
the Single Audit testing that will begin December 17`h.