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
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