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PENROSE WATER DISTRICT
<br /> 340 Grant Street maw Penrose, CO 81240
<br /> STATEMENTS OF ACTIVITIES
<br /> The following table reflects the change in Net Position for fiscal year 2012 and 2011.
<br /> 2012 2011
<br /> Operating revenue $ 1,101,180 $ 1,097,147
<br /> Capital contributions 71,635 12,146
<br /> Taxes 147,917 149,320
<br /> Interest income 3,757 5,947
<br /> Total Revenues $ 1,124,964 $ 1,264,560
<br /> Cost of operations $ 972,618 $ 1,253,927
<br /> Interest expense(including bond amortization) 73,289 126,839
<br /> Other expenses 3,962 3,999
<br /> Total Expenses $ 1,049,869 $ 1,384,765
<br /> Change in net position $ 75,095 $ (120,205)
<br /> CAPITAL ASSETS AND DEBT ADMINISTRATION
<br /> Capital Assets
<br /> The following table summarizes the changes in capital assets during the year.
<br /> Balance,
<br /> Beginning of Balance,End of
<br /> Description Year Additions Deletions Year
<br /> Capital assets not being depreciated:
<br /> Water rights $ 1,649,397 $ 41,290 $ - $ 1,690,687
<br /> Water storage rights 2,549,144 - - 2,549,144
<br /> Land and rights of way 38,198 198,696 - 236,894
<br /> Construction in progress - 54,659 - 54,659
<br /> Capital assets being depreciated:
<br /> Buildings and Improvements 56,890 - - 56,890
<br /> Water Treatment Plants 2,178,107 - - 2,178,107
<br /> Distribution System 2,638,116 - - 2,638,116
<br /> Other Equipment 251,756 16,783 (14,940) 253,599
<br /> Total capital assets being depreciated at cost 5,124,869 16,783 (14,940) 5,126,712
<br /> Less accumulated depreciation (3,381,363) (137,884) 14,940 (3,504,307)
<br /> Net capital assets being depreciated $ 1,743,506 N/A N/A $ 1,622,405
<br /> During 2012 the District acquired land for a well field along the Arkansas River.
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