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pledged to the payment of any bonds or other obligations; and any moneys received as grants or <br /> appropriations from the United States, the State of Colorado or other sources, the use of which is <br /> limited or restricted by the grantor or donor to the provision of Capital Improvements or for other <br /> purposes resulting in the general unavailability thereof, except to the extent any such moneys <br /> shall be received as payments for the use of the System, services rendered thereby, the <br /> availability of any such service, or the disposal of any commodities therefrom. Notwithstanding <br /> anything contained above, amounts deposited in a rate stabilization account shall not be deemed <br /> Gross Revenue in the calendar year deposited and amounts withdrawn from the rate stabilization <br /> account shall be deemed Gross Revenue in the year withdrawn. <br /> "Capital Improvements" means the acquisition of land, easements, facilities and equipment <br /> (other than ordinary repairs and replacements), and the construction or reconstruction of <br /> improvements,betterments, and extensions, for use by, or in connection with,the System. <br /> "Operation and Maintenance Expenses" means all reasonable and necessary current expenses of <br /> the Governmental Agency, paid or accrued, for operating, maintaining and repairing the System, <br /> including without limitation legal and overhead expenses of the Governmental Agency directly <br /> related to the administration of the System, insurance premiums, audits, professional services, <br /> salaries and administrative expenses, labor and the cost of materials and supplies for current <br /> operation; provided however, that there shall be excluded from Operation and Maintenance <br /> Expenses any allowance for depreciation, payments in lieu of taxes or franchise fees, expenses <br /> incurred in connection with Capital Improvements, payments due in connection with any bonds <br /> or other obligations, and expenses that are otherwise paid from ad valorem property taxes. <br /> (4) Power Purchase Agreement <br /> The "Power Purchase Agreement" is the Small Renewable Generator Power Purchase <br /> Agreement between the Governmental Agency and Poudre Valley Rural Electric Association, <br /> Inc., dated March 1, 2011 and any and all amendments, modifications, or renewals thereof. <br /> II <br /> A-2 <br />