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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 /> Capital Contributions <br /> Year Ending December 31, <br /> 2009 2008 <br /> Capital Contributions 596,360 990,538 <br /> Tap sales were$596,360 or 54.5%above budget and down$32,698, or 5.2%from 2008. <br /> In 2009, developers contributed zero dollars in participation related to the funding of 2009 projects throughout <br /> the District as compared to$361,510 in 2008. <br /> Capital Assets, Net of Depreciation <br /> December 31, <br /> 2009 2008 <br /> Land and easements rights 7,103,131 7,103,131 <br /> Water Rights 31,224,569 31,144,569 <br /> Distribution system 48,686,092 41,778,360 <br /> Dry creek reservoir dam 7,357,898 7,432,221 <br /> Building and improvements 442,504 464,518 <br /> Equipment and vehicles 345,597 349,642 <br /> Construction in progress 115,899 8,112,428 <br /> 95,275,690 96,384,869 <br /> Major additions in 2009 were: <br /> 2 shares of Consolidate Homes Supply were acquired by the District for$80,000. <br /> Total capital expenditures were$155,136 or 24.64% of budget and were$670,456 less than the previous <br /> year. <br /> Debt and Other Financial Obligations <br /> The District's debt was$28,135,527 and $29,731,413 in 2009 and 2008 respectively. The decrease was <br /> due to the retirement of$1,595,886 of debt from prior years. <br /> Further debt information is available in Note 6 in the footnotes to the financial statements. <br /> 6 <br />