C150121 Finanicals 2008/2009

• Contract/PO #: C150121
• Contractor Name: Little Thompson Water District
• Contract Type: Loan
• Loan Projects - Doc Type: Report

Little Thompson Water District
Management's Discussion and Analysis
For the Year Ended December 31,2009 and 2008
Management's discussion and analysis("MD&A")is designed to provide an analysis of the financial condition
and operating results of the Little Thompson Water District (the"District"), and to also inform the reader on
District financial issues and activities.The MD&A should be read in conjunction with the District's basic
financial statements(beginning on page 8).
2009 Highlights
• Total operating revenues decreased to $5,826,831 during 2009, which was
$323,972 or 5.27% less when compared to 2008.
• Total operating expenses were $5,373,681 or a decrease of $284,651 (5.03%) in
2009 when compared to 2008.
• Long-term debt decreased to $28,135,527 during 2009 which was $1,595,886 or
5.37% less when compared to 2008.
• In 2009, net assets were $76,456,484 or a decrease of $374,134 (0.5%) when
compared to 2008.
• Net capital assets were$95,275,690 in 2009 compared to$96,384,869 in 2008 for
a decrease of$1,109,179 or 1.15
Using this Annual Report
The financial statements included in this annual report are those of a quasi-municipal corporation and a
political subdivision of the State of Colorado engaged only in a business-type activity.As an enterprise fund,
the District's basic financial statements include:
Statements of Net Assets
The Statement of Net Assets includes all of the District's assets and liabilities and provides information about
the nature and amounts of investments in resources (assets) and the obligations to creditors (liabilities). It
also provides the basis for computing rate of return, evaluating the capital structure of the District and
assessing the liquidity and financial flexibility of the District.
Statements of Revenues, Expenses and Changes in Net Assets
The Statement of Revenues, Expenses and Changes in Net Assets identify the revenues generated and
expenses incurred during the fiscal year. This statement helps the user to assess the profitability of the
District during the time period for which the statement relates.
Statements of Cash Flows
The Statement of Cash Flows provides information relating to the District's cash receipts and cash
expenditures during the fiscal year. The statement reports cash receipts; cash payments; and net changes
in cash resulting from operations, investing, and financing activities; and it provides answers to such
questions as where did the cash come from, what was cash used for, and what was the change in the cash
balance during the reporting period.
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