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<br /> ITown of Palisade, Colorado
<br /> STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS
<br /> 1 PROPRIETARY FUNDS
<br /> Year ended December 31, 2009
<br /> I Non-major Total
<br /> Water Fund Utility Fund Business-type
<br /> Operating revenues
<br /> I Charges for service $ 1,096,345 $ 377,064 $ 1,473,409
<br /> Total operating revenues 1,096,345 377,064 1,473,409
<br /> I Operating expenses
<br /> Direct costs to provide service 458,314 269,826 728,140
<br /> Depreciation 305,765 99,494 405,259
<br /> ITotal operating expenses 764,079 369,320 1,133,399
<br /> Operating income(loss) 332,266 7,744 340,010
<br /> I Nonoperating revenues(expenses)
<br /> Interest income and penalties 20,916 675 21,591
<br /> Tap fees 22,000 16,500 38,500
<br /> I Interest expense (162,356) (1,369) (163,725)
<br /> Amortization of bond issuance costs (1,321) (1,321)
<br /> Total nonoperating revenues(expenses) (120,761) 15,806 (104,955)
<br /> IChange in net assets 211,505 23,550 235,055
<br /> I Net assets,beginning 5,452,557 2,957,006 8,409,563
<br /> Net assets,ending $ 5,664,062 $ 2,980,556 $ 8,644,618
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<br /> The accompanying notes are an integral part of this financial statement.
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