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ICITY OF MONTE VISTA, COLORADO
<br /> MANAGEMENT'S DISCUSSION AND ANALYSIS
<br /> 1 December 31, 2011
<br /> ICapital Assets
<br /> The City's capital assets for its governmental and business-type activities as of December 31, 2011 total
<br /> I $10,745,206 (net of accumulated depreciation). Capital assets include land, construction in progress,water rights,
<br /> buildings, improvements, water and sewer treatment plants, transmission and distribution, equipment, and
<br /> vehicles. The total increase in the City's investment in capital for the current fiscal year for the governmental
<br /> activities was a $782,124 and a$76,715 decrease for business-type activities.
<br /> IMajor capital asset events during 2011 include the following:
<br /> I • Through CDBG funding a building was acquired for eventual use as a medical clinic. The City of Monte
<br /> Vista, in collaboration with Valley-Wide Health Systems, Inc., renovated the building into a new clinic
<br /> that will provide primary health services to all residents. The project commenced in 2009 with the
<br /> I purchase of the building at a cost of$340,265. Renovations costs for 2011 total $613,850. The project
<br /> was completed in November 2011. The project was partly funded by a Community Development Block
<br /> Grant (CDBG) in the amount of $1,000,000 and Valley-Wide Health Systems provided $980,769 in
<br /> Ipartner funds.
<br /> • The police department acquired an armored personnel carrier from the Department of Defense with a
<br /> Ivalue of$380,000.
<br /> • Lease purchase of a new street sweeper at a cost of$235,475.
<br /> I • Sprinkler system installation at Chapman Park at a cost of$43,580.
<br /> fTable 3 provides a summary of the City's capital assets (net of accumulated depreciation). Additional information
<br /> on the City of Monte Vista's capital assets can be found in Note 5 of the Basic Financial Statements.
<br /> I City of Monte Vista
<br /> Capital Assets(net of accumulated depreciation)
<br /> I Governmental Activities
<br /> 2010 2011 Business-type Activities Total
<br /> 2010 2011 2010 2011
<br /> Land $ 869,263 $ 869,263 $ 22,000 $ 22,000 $ 891,263 $ 891,263
<br /> I Construction in Progress 40,950 43,826 28,612 40,950 72,438
<br /> Water Rights 684,751-
<br /> 84,751 684,751 684,751 684,751
<br /> Buildings 1,110,403 1,717,193 6,153 4,231 1,116,556 1,721,424
<br /> I Infrastructure 2,198,709 1,959,678 - 2,198,709 1,959,678
<br /> Improvements Bldg 284,011 287,584 284,011 287,584
<br /> Improvements-Other 1,891,632 1,807,683 - - 1,891,632 1,807,683
<br /> W/S Treatment Plant - - 47,902 50,853 47,902 50,853
<br /> I Transmission&Distrib. - - 2,020,746 1,904,999 2,020,746 1,904,999
<br /> Equipment 538,907 698,478 64,698 56,216 603,605 754,694
<br /> Vehicles 220,844 553,138 38,828 56,702 259,672 609,840
<br /> I $ 7,154,719 $ 7,936,843 $ 2,885,078 $2&013164 $ 10,03 ,797 $ 10,745,207
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