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Little Thompson Water District
<br /> Statements of Net Assets
<br /> December 31,2009 and 2008
<br /> 2009 2008
<br /> ASSETS
<br /> Current assets
<br /> Cash and cash equivalents 259,786 755,925
<br /> Certificates of deposit 334,588 524,806
<br /> Receivables 449,961 526,511
<br /> Prepaid expenses 49,316 36,599
<br /> Inventory-supplies 205,408 211,229
<br /> Total current assets 1,299,059 2,055,070
<br /> Non-current assets
<br /> Restricted assets
<br /> Cash and cash equivalents 60,495 585,397
<br /> Investments 2,395,224 1,636,088
<br /> Total restricted assets 2,455,719 2,221,485
<br /> Capital assets
<br /> Distribution system 64,236,806 56,075,943
<br /> Dry Creek reservoir 7,432,221 7,432,221
<br /> Buildings and improvements 649,606 649,606
<br /> Vehicles and equipment 1,323,899 1,294,711
<br /> Total depreciable assets 73,642,532 65,452,481
<br /> Less: accumulated depreciation (16,810,441) (15,427,740)
<br /> Total depreciable assets, net 56,832,091 50,024,741
<br /> Land and easements 7,103,131 7,103,131
<br /> Water rights 31,224,569 31,144,569
<br /> Construction in progress 115,899 8,112,428
<br /> Total capital assets 95,275,690 96,384,869
<br /> Other assets
<br /> Intangible assets 348,895 400,330
<br /> Investment in joint venture 4,734,435 4,872,169
<br /> Total other assets 5,083,330 5,272,499
<br /> Total non-current assets 102,814,739 103,878,853
<br /> Total assets 104,113,798 105,933,923
<br /> The accompanying notes are an integral part of these financial statements.
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