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<br /> Winter Park Water and Sanitation District I
<br /> NOTES TO FINANCIAL STATEMENTS
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<br /> (continued)
<br /> December 31, 2010 and 2009
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<br /> The District had restricted cash of $45,400 and $50,000, for emergencies as required
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<br /> by Article X, Section 20 of the Constitution of the State of Colorado (see Note 8), as of
<br /> December 31, 2010 and 2009, respectively.
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<br /> Note 4—Capital assets
<br /> Capital asset activity for the year ended December 31, 2010 was as follows: I
<br /> Balance at Balance at
<br /> December 31, December 31,
<br /> 2009 Increases Decreases 2010
<br /> Capital assets, not being depreciated
<br /> ILand $ 105,793 $ - $ - $ 105,793
<br /> Water rights 264,815 - - _ 264,815
<br /> Total capital assets, not being
<br /> depreciated 370,608 - - 370,608
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<br /> Capital assets being depreciated
<br /> Plant and improvements 10,037,317 - - 10,037,317
<br /> IWater storage tanks 2,488,304 - - 2,488,304
<br /> Infrastructure 2,018,096 135,241 - 2,153,337
<br /> Vehicles 85,518 - - 85,518
<br /> Office and other equipment 457,861 61,378 - 519,23.9
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<br /> Total capital assets being depreciated 15,087,096 196,619 - _ 15,283,715
<br /> Less accumulated depreciation for
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<br /> Plant and improvements 3,405,654 349,076 - 3,754,730
<br /> Water storage tanks 892,614 57,455 - 950,069
<br /> Infrastructure 1,273,259 65,573 - 1,338,832
<br /> Vehicles 75,752 4,883 - 80,635
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<br /> Office and other equipment 371,941 37,402 - 409,343
<br /> Total accumulated depreciation 6,019,220 514,389 - _ 6,533,609
<br /> Total capital assets being
<br /> depreciated, net 9,067,876 (317,770) - 8,750,106
<br /> Capital assets, net $ 9,438,484 $ (317,770) $ - $ 9,120,714
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