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Little Thompson Water District
<br /> Statements of Revenues, Expenses and Changes in Net Assets
<br /> For the Years Ended December 31,2009 and 2008
<br /> 2009 2008
<br /> Operating revenues
<br /> Water-treated 5,635,585 6,036,459
<br /> Service and other revenue 191,246 114,344
<br /> Total operating revenues 5,826,831 6,150,803
<br /> Operating expenses
<br /> Distribution 461,896 658,560
<br /> Administration and general 292,478 372,151
<br /> Engineering 10,537 41,632
<br /> Employee costs 2,290,599 2,310,768
<br /> Carter Lake filter plant and joint operations 663,310 747,790
<br /> Water assessments/rental 250,427 238,523
<br /> Depreciation 1,404,434 1,288,908
<br /> Total operating expenses 5,373,681 5,658,332
<br /> Operating income 453,150 492,471
<br /> Nonoperating revenues (expenses)
<br /> Earnings on investments 53,122 116,536
<br /> Miscellaneous - 35,273
<br /> Realized gain(loss)on disposal of capital assets (2,128) 8,804
<br /> Unrealized gain on investments 17,536 3,391
<br /> Net loss from joint venture (137,734) (91,433)
<br /> Interest expense (1,354,440) (1,182,361)
<br /> Total nonoperatinq revenues(expenses) (1,423,644) (1,109,790)
<br /> Net loss before contributions (970,494) (617,319)
<br /> Capital contributions 596,360 990,568
<br /> Change in net assets (374,134) 373,249
<br /> Net assets-beginning of year 76,830,618 76,457,369
<br /> Net assets-end of year 76,456,484 76,830,618
<br /> The accompanying notes are an integral part of these financial statements.
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