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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 /> Review of Expense
<br /> Year Ending December 31,
<br /> 2009 2008
<br /> Operating Expense
<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 filer 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 /> Subtotal 5,373,681 5,658,332
<br /> Non-operating Expense
<br /> Joint Venture loss 137,734 91,433
<br /> Interest expense 1,091,604 1,162,843
<br /> Realized loss on disposal of property assets 2,128 -
<br /> Amortization of bond issue costs and discounts 262,836 19,518
<br /> Subtotal 1,494,302 1,273,794
<br /> Total Expense 6,867,983 6,932,126
<br /> Operating expenditures, exclusive of depreciation, were $203,395 over budget (5.12%) and $400,177
<br /> (9.16%)less than 2008. Distribution costs decreased by$196,664 or 29.86%from 2008, primarily due to
<br /> the budget constraints holding many costs even with the previous year. Administration and general
<br /> expenses decreased 21.41% or $79,673 from, 2008. Depreciation increased in 2009 by 8.96% or
<br /> $115,526 as a result of completed projects placed into service.
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