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COLORADO WATER PROTECTIVE <br /> AND DEVELOPMENT ASSOCIATION <br /> STATEMENT OF ACTIVITIES <br /> FOR TIDE YEAR ENDED DECEMBER 31, 2011 <br /> OPERATING REVENUE <br /> Assessments $ 246,570 <br /> Water Orders 851,705 <br /> Customer Late&Finance Charges 7,307 <br /> Transfer Fees 2,875 <br /> Well Tests 4,978 <br /> Miscellaneous 2,180 <br /> TOTAL OPERATING REVENUE 1,115,615 <br /> OPERATING EXPENSES <br /> Advertising 1,266 <br /> Attorney Fees 27,304 <br /> Accounting 5,000 <br /> Bank Charges 51 <br /> Contracted Services 351 <br /> Dues&Subscriptions 334 <br /> Employee Benefits 16,741 <br /> Engineering Fees 94,841 <br /> Equipment Leases 597 <br /> Equipment Purchases 756 <br /> Insurance 3,896 <br /> Meetings 8,857 <br /> Mileage 4,640 <br /> Office/Postage 7,414 <br /> Payroll 80,487 <br /> Payroll Taxes 6,041 <br /> Property Taxes 6,801 <br /> Credit Card Processing Fees 668 <br /> Rent 800 <br /> Repairs&Maintenance 1,991 <br /> Training&Education 3,963 <br /> Utilities 8,436 <br /> Well Testing 29,480 <br /> Water Purchases 792,815 <br /> Water Assessment • 9,232 <br /> Water Storage 138,901 <br /> Depreciation 4,980 <br /> TOTAL OPERATING EXPENSES 1,256,643 <br /> Change in net assets before non-operating items (141,028) <br /> NON-OPERATING ITEMS: <br /> Interest Income 2,956 <br /> Farm Lease 14,139 <br /> Pinnacol Assurance Dividend 76 <br /> Health Insurance Credit Refund 1,663 <br /> • <br /> Allowance for Bad Debt Adjustment 8,774 <br /> Interest Expense (4,975) <br /> TOTAL NON-OPERATING ITEMS 22,633 <br /> Change in net assets (118,395) <br /> Net assets, Beginning of year 1,586,991 <br /> NET ASSETS, END OF YEAR $ 1,468,596 <br /> 3 <br /> See accompanyings notes and accountant's report <br />