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I CITY OF MONTE VISTA, COLORADO
<br /> NOTES TO THE BASIC FINANCIAL STATEMENTS
<br /> December 31,2011
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<br /> The financial report can be obtained by writing to ICMA Retirement Corporation, 777 North Capital Street NE,
<br /> IWashington DC, 20002-4240 or by calling 1-800-669-7400.
<br /> Deferred Compensation Plan
<br /> 1 The City offers a deferred compensation plan through ICMA Retirement Corporation under Internal Revenue Code
<br /> 457. Participation in this plan is voluntary for all City employees. The City does not contribute to this plan.
<br /> The financial report can be obtained by writing to ICMA Retirement Corporation, 777 North Capital Street NE,
<br /> Washington DC, 20002-4240 or by calling 1-800-669-7400.
<br /> NOTE 10 POST-EMPLOYMENT HEALTH CARE BENEFITS
<br /> 1 All City employees covered by COBRA insurance may continue their health insurance after a reduction in work
<br /> hours or termination of employment. The City recognizes no cost for such coverage, as the premium cost is
<br /> reimbursed 100%to the City for the extended coverage period on those electing to continue COBRA coverage.
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<br /> NOTE 11 SEGMENT INFORMATION FOR ENTERPRISE FUND
<br /> IBecause several of the segments are provided for in one fund, several items cannot be allocated between each segment.
<br /> Therefore, a condensed statement of net assets and statement of cash flows, as well as some line items have been
<br /> Iomitted in the segment information.
<br /> The following is a summary of operating income and expense information on the various segments of the
<br /> I Enterprise Funds.
<br /> Water Sewer Total
<br /> Operating Revenue $ 867,317 $ 790,594 $ 1,657,911
<br /> IOperating Expense 682,923 591,400 1,274,323
<br /> Depreciation Expense 36,917 110,749 147,666
<br /> ITotal Operating Expense 719,840 702,149 1,421,989
<br /> OPERATING INCOME (LOSS) 147,477 88,445 235,922
<br /> INonoperating Revenues (Expenses) 36,625 (20,814) 15,811
<br /> Capital Contributions 1,600 9,544 11,144
<br /> IOperating Transfers (41,704) (41,704) (83,408)
<br /> INET INCOME(LOSS) $ 143,998 $ 35,471 $ 179,469
<br /> Property, Plant and Equipment
<br /> I Additions
<br /> Deletions $ 48,966 $ 21,985 $ 70,951
<br /> $ 5,433 $ 5,434 $ 10,867
<br /> Accumulated Depreciation $ 2,150,306 $ 5,102,954 $ 7,253,260
<br /> INotes Payable $ 985,000 $ 472,279 $ 1,457,279
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