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Little Thompson Water District
<br /> Management's Discussion and Analysis
<br /> For the Year Ended December 31,2009 and 2008
<br /> Statements of Net Assets
<br /> December 31,2009 and 2008
<br /> 2009 2008
<br /> Assets
<br /> Current assets 1,299,059 2,055,070
<br /> Restricted assets 2,455,719 2,221,485
<br /> Capital assets 95,275,690 96,384,869
<br /> Other assets 5,083,330 5,272,499
<br /> Total Assets 104,113,798 105,933,923
<br /> Liabilities
<br /> Current liabilities 1,959,217 2,009,533
<br /> Long-Term liabilities 25,698,097 27,093,772
<br /> Total Liabilities 27,657,314 29,103,305
<br /> Net Assets
<br /> Invested in capital assets, net of related debt 60,086,928 66,653,456
<br /> Restricted:
<br /> Debt Service 60,495 585,397
<br /> Bond and loan reserves 2,395,224 1,636,088
<br /> Unrestricted 13,913,837 7,955,677
<br /> Total Net Assets 76,456,484 76,830,618
<br /> Capital assets decreased $1,109,179 in 2009 over 2008 due primarily to costs of depreciation exceeding capital
<br /> asset additions during 2009.
<br /> Debt decreased as a result of the retirement of $1,595,886 in principal on the 1999, 2002, and 2004 Revenue
<br /> Bonds; the 2004 and 2006 Loan Payable to Colorado Water Conservation Board (CWCB); and the 2006 Loan
<br /> Payable to the Colorado Water Resource and Power Development Authority(CWR&PDA).
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