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COLORADO WATER PROTECTIVE <br /> AND DEVELOPMENT ASSOCIATION <br /> STATEMENT OF FINANCIAL POSTION <br /> DECEMBER 31, 2011 <br /> ASSETS <br /> Current Assets: <br /> Cash& Cash Equivalents $ 116,796 <br /> Certificates of Deposit 139,430 <br /> Accounts Receivable 6,169 <br /> Health Insurance Credit Receivable 1,663 <br /> Accrued Interest Receivable 47 <br /> Water Inventory 220,988 <br /> Prepaids 153,608 <br /> Total Current Assets 638,701 <br /> Property, Plant&Equipment: <br /> Improvements, Equipment&Buildings 167,945 <br /> Less: Accumulated Depreciation (38,440) <br /> Land 575,693 <br /> Water Shares 295,737 <br /> Total Property, Plant&Equipment 1,000,935 <br /> Other Assets: <br /> Feasibilty Study 61,241 <br /> Less: Accumulated Amortization (61,241) <br /> Total Other Assets • - <br /> TOTAL ASSETS $1,639,636 <br /> LIABILITIES AND NET ASSETS <br /> Current Liabilities: <br /> Accounts Payable $ 22,561 <br /> Accrued Leave Payable 960 <br /> Interest Payable 262 <br /> Deferred Revenue 1,803 <br /> Current Portion Note Payable 5,692 <br /> Total Current Liabilities 31,278 <br /> Long-term Liabilities: <br /> Note Payable 139,762 <br /> Total Long-term Liabilities 139,762 <br /> Total Liabilities 171,040 <br /> Net Assets: <br /> Unrestricted 1,468,596 <br /> Total Liabilities &Net Assets $1,639,636 <br /> • <br /> 2 <br /> See accompanying notes and accountant's report <br />