C150121 Finanicals 2008/2009 - Laserfiche WebLink

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Little Thompson Water District Management's Discussion and Analysis For the Year Ended December 31, 2009 and 2008 Contracts and Agreements The District is party to several contracts and cooperative agreements concerning the transfer and sale of water and providing emergency assistance as requested. The District has agreements with the cities of Loveland, Johnstown, Berthoud, and Greeley, and the Central Weld County, Fort Collins/Loveland, Long's Peak, and North Carter Lake Water Districts. Economic and Other Factors Overall, the District had a decrease in water revenues and tap sales as a result of down turn in the market and above average rainfall. The District fee management utilizes a forecasting program to develop rates and fees that will ensure the District remains a financially sound entity. There was a small amount of growth throughout the District and in Larimer,Weld,and Boulder counties in 2009. Operating expenses have been consistent over the past few years and reflect only limited increases. Construction costs were held to a minimum due to lower water tap revenue. The annual rate and extent of future growth and development within the District will be materially affected by management, zoning and land use procedures and policies established by Larimer, Weld, and Boulder Counties. Each of these governmental entities control growth in the areas under their governments and the policies and procedures are outside the control or influence of the District. Financial Contact The District's financial statements are designed to present users (customers, citizens, creditors) with a general overview of the District's finances and to demonstrate the District's accountability. If you have any questions about the report or need additional financial information please contact the District Business Manager, Little Thompson Water District, 835 E. Hwy. 56, Berthoud, CO 80513 or at(970)532-2096. 7