|
Little Thompson Water District
<br /> Notes to Financial Statements
<br /> December 31, 2009
<br /> Note 6-Long-Term Debt(Continued)
<br /> Revenue Bonds (Continued)
<br /> $4,805,000 April 1, 2004, water revenue refunding bonds (first junior
<br /> lien), Series 2004 due in principal installments of$675,000 in 2009 with
<br /> additional increases through 2014; interest at 2.0% to 3.3%. Accrued
<br /> interest on these bonds amounted to$8,904 at December 31, 2009. 3,615,000
<br /> $5,085,000 December 1, 2004, water revenue refunding bonds (first junior
<br /> lien), Series 2004B due in principal installments of$25,000 in 2009 with
<br /> additional increases through 2020; nterest at 2.1% to 4.1%. Accrued
<br /> interest on these bonds amounted to$16,307 at December 31, 2009. 4,960,000
<br /> Loans Payable
<br /> $3,937,500 loan payable to the Colorado Water Conservation Board
<br /> ("CWCB") due in principal installments of $142,414 in 2009 with
<br /> additional increases through 2027, interest at 4.05% per annum and
<br /> amounts to$37,048 at December 31, 2009. 3,669,085
<br /> $6,383,774 April 1, 2006, Colorado Water Resource and Power
<br /> Development Authority ("CWR&PDA") Loan due in principal installments
<br /> of$263,449 in 2009 with additional increases through 2027. The loan is
<br /> a special revenue obligation of the District payable from water rates,
<br /> fees, standby charges and other charges from the use and operation of
<br /> the system and from other funds of the system legally available after the
<br /> payment of operations and maintenance expenses of the system.
<br /> Accrued interest on this loan is $16,598 at December 31, 2009. 5,532,420
<br /> $4,994,955 loan payable to the Colorado Water Conservation Board
<br /> (CWCB), due in principal installments of$187,633 in 2009 with additional
<br /> increases through 2027, interest at 3.60% per annum and accrued
<br /> interest payable is $41,637 at December 31, 2009. 4,639,022
<br /> Total Bonds and Loans Payable 28,135,527
<br /> The annual requirements to amortize all debt outstanding as of December 31, 2009, are as follows:
<br /> Year Ending Annual Total
<br /> December 31, Maturities Interest Payment
<br /> 2010 1,653,496 1,048,481 2,701,977
<br /> 2011 1,698,792 996,456 2,695,248
<br /> 2012 1,749,565 941,855 2,691,420
<br /> 2013 1,808,605 885,571 2,694,176
<br /> 2014 1,873,159 825,673 2,698,832
<br /> 2015-2019 10,406,797 3,034,154 13,440,951
<br /> 2020-2023 6,544,850 1,276,718 7,821,568
<br /> 2025-2027 2,400,263 185,436 2,585,699
<br /> Totals 28,135,527 9,194,344 37,329,871
<br /> 19
<br />
|