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Little Thompson Water District
<br /> Notes to Financial Statements
<br /> December 31, 2009
<br /> Note 5-Capital Assets
<br /> Capital asset activity for the fiscal year ended December 31, 2009, was as follows:
<br /> Beginning Ending
<br /> Balance Additions Deletions Balance
<br /> Capital assets, not being depreciated:
<br /> Water rights 31,144,569 80,000 - 31,224,569
<br /> Land and easements 809,515 - - 809,515
<br /> Dry creek reservoir 6,293,616 - - 6,293,616
<br /> Construction in progress 8,112,428 - (7,996,529) 115,899
<br /> Total capital assets, not being depreciated 46,360,128 80,000 (7,996,529) 38,443,599
<br /> Capital assets, being depreciated:
<br /> Distribution system 56,075,943 164,334 7,996,529 64,236,806
<br /> Dry creek reservoir dam 7,432,221 - - 7,432,221
<br /> Buildings and improvements 649,606 - - 649,606
<br /> Vehicles and equipment 1,294,711 53,049 (23,861) 1,323,899
<br /> Total capital assets, being depreciated 65,452,481 217,383 7,972,668 73,642,532
<br /> Less accumulated depreciation for.
<br /> Distribution system (14,297,583) (1,253,131) - (15,550,714)
<br /> Dry creek reservoir dam - (74,323) - (74,323)
<br /> Buildings and improvements (185,088) (22,014) - (207,102)
<br /> Vehicles and equipment (945,069) (54,966) 21,733 (978,302)
<br /> Total accumulated depreciation (15,427,740) (1,404,434) 21,733 (16,810,441)
<br /> Total capital assets, being depreciated, net 50,024,741 (1,187,051) 7,994,401 56,832,091
<br /> Total Capital assets, net 96,384,869 (1,107,051) (2,128) 95,275,690
<br /> Note 6- Lona-Term Debt
<br /> A summary of the District's long-term debt as of December 31, 2009 follows:
<br /> Revenue Bonds
<br /> $5,000,000 May 1, 1999, water revenue bonds due in principal
<br /> installments of$245,000 in 2009 with additional increases through 2019;
<br /> interest at 4.0% to 4.95%. Accrued interest on these bonds amounted to
<br /> $11,170 at December 31, 2009. 3,020,000
<br /> $3,305,000 October 1, 2002, water revenue bonds (first junior lien)Series
<br /> 2002 due in principal installments of $115,000 in 2009 with additional
<br /> increases through 2021; interest at 3.0% to 4.3%. Accrued interest on
<br /> these bonds amounted to$9,032 at December 31, 2009. 2,700,000
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