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• <br /> • <br /> • <br /> • Capital Assets and Debt Administration <br /> Capital Assets <br /> • The Town of Monument's investment in capital assets for its governmental and business- <br /> • type activities as of December 31, 2008 totaled $17,766,098 (net of accumulated <br /> depreciation). Water fund capital assets represent 45% of this total. <br /> • <br /> • The capital projects for the Town's governmental activities included street improvements <br /> • of$207,711; furniture and equipment in the amount of $10,702; park improvements of <br /> $95,248 and CIP of$1,269,263 on the Government Facilities Building. <br /> • <br /> • The capital projects for the Town's business-type activities included expenditures of <br /> • $213,191 for the Water Treatment Plant and for Wells and Treatment expense. <br /> • Note 4 of the financial statements provide a detailed summary of the Town's capital <br /> • assets. <br /> • <br /> • Long-term Debt <br /> • The Town of Monument's total debt decreased by $567,294 during 2008. <br /> • <br /> • The Town's long-term debt related to governmental activities decreased by $426,904. <br /> Payments of$333,404 were made on bonds, loans and capital lease obligations during the <br /> year. The Town did not enter into any new leases and compensated absences decreased <br /> • $3,875. <br /> • The Town's long-term debt related to business-type activities decreased by $140,390. <br /> • Payments were made on bonds, loans and capital lease obligations. Compensated <br /> • absences for business-type activities increased $3,571. <br /> Note 5 of the financial statements provide a detailed summary on the Town's long-term <br /> • debt. <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> • <br /> ix <br /> • <br /> • <br />