C150356 Feasibility Study ‎(financials)‎

• Contract/PO #: CT2015-015
• Contract/PO #: C150356
• Contractor Name: Bellyache Ridge Metropolitan District
• Contract Type: Loan
• Water District: 37
• County: Eagle
• Loan Projects - Doc Type: Feasibility Study

Bellyache Ridge Metropolitan District Changes in Net Position
Governmental
Activities
2012 2011
Revenues:
Program revenues:
Charges for services 24,442 30,801
Operating grants and contributions 8,000 -
General revenues:
Property and specific ownership taxes 88,833 123,224
Interest and other revenue 1,361 1,866
Total Revenues 122,636 155,891
Expenses:
General government 108,406 104,233
Total Expenses 108,406 104,233
Change in Net Position 14,230 51,658
Net Position-Beginning 832,178 780,520
o Net Position-Ending 846,408 832,178
erall Analysis
T e District's overall financial position, as measured by net position increased by a total of
$ 4,230. The District's revenues consisted primarily of property taxes. The primary expenses of
th District are operating and maintenance of the District's domestic water supply system.
A though the District's overall net position increased moderately during 2012, the District invested
o er $500,000 of its liquid resources in capital assets reducing the unrestricted net position to
a proximately $40,000.
F nancial Analysis of the District's Funds
A mentioned earlier, the District uses fund accounting to ensure and demonstrate compliance with
fi ance-related legal requirements.
G vernmental Funds
T e focus of the District's governmental funds is to provide information on near-term inflows,
o tflows, and balances of expendable resources. Such information is useful in assessing the
D strict's financing requirements. In particular, assigned and unassigned fund balance may serve as
a seful measure of a government's net resources available for spending at the end of the fiscal
y ar.
A of the end of the current fiscal year, the District's governmental fund(s) reported an ending fund
b lance of $57,401, which is a decrease of ($483,923). Of this fund balance, $3,000 of this is
n nspendable and $18,197 is restricted for emergencies. The remainder of the combined fund
b lance of$39,204 is unassigned, meaning that is available for spending at the District's discretion.
B dget Variances
The District amended its 2012 budget for capital outlays, increasing the budgeted amount from
$480,000 to operated favorable to budget. Details of the budgets can be seen on pages 6 of this
report for governmental funds.
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