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I
<br /> IWinter Park Water and Sanitation District
<br /> MANAGEMENT'S DISCUSSION AND ANALYSIS
<br /> I (continued)
<br /> Growth in 2010 did not require water or wastewater treatment plant expansion. Tap fee
<br /> Irevenues will be reserved for future capital projects.
<br /> Capital Assets
<br /> IThe District's net investment in capital assets as of December 31, 2010, 2009 and 2008 was as
<br /> follows:
<br /> ICapital Assets
<br /> December 31,
<br /> I2010 2009 2008
<br /> Land $ 105,793 $ 105,793 $ 105,793
<br /> IWater rights 264,815 264,815 264,815
<br /> Plant and improvements 10,037,317 10,037,317 9,786,591
<br /> Water storage tanks 2,488,304 2,488,304 2,488,304
<br /> IInfrastructure 2,153,337 2,018,096 1,961,656
<br /> Vehicles 85,518 85,518 85,518
<br /> I Equipment 519,239 457,861 414,580
<br /> Total assets 15,654,323 15,457,704 15,107,257
<br /> Accumulated depreciation (6,533,609) (6,019,220) (5,582,129)
<br /> Net capital assets $ 9,120,714 $ 9,438,484 $ 9,525,128
<br /> I Additional information relating to the District's capital assets activity can be found in Note 4 of
<br /> this report.
<br /> IMajor capital asset projects include the following:
<br /> • Installation of new sewage grinder at eh Wastewater Treatment Plant
<br /> I .I
<br /> Pre-project expenses for the Iron Horse Water Line project to be completed in 2011.
<br /> The following is an analysis of the condition of the District infrastructure:
<br /> I • The collection system is in very good shape for the foreseeable future.
<br /> • The Water Treatment Plant upgrades have made the plant a state-of-the-art water treatment
<br /> system with plenty of capacity for future growth.
<br /> I • The District continues an aggressive maintenance program and the condition of our water
<br /> and wastewater infrastructure remains good.
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<br /> I
<br /> I5
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