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<br />Table 2
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<br />Water Utility
<br />Sources and Uses of Capital Projects Funds
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<br />I':!o.. Descriotion m3. 1Jl9! 1995. ~ 1m'
<br /> $ $ $ $ $
<br /> Sources of Funds
<br />1 Balance at Beginning of Year (h) 2.951.400 863.900 631.000 1.714,700 3,243.600
<br />2 Transfer (To) From Operating Fund 250.000 500.000 750.000 800.000 190.000
<br />3 Hudson Connection Fee 0 72.100 198,200 630,800 0
<br />4 Loan Repayment from General Fund 0 50,000 50.000 50.000 50.000
<br />5 Revenue Bond Proceeds (a) 0 0 0 0 0
<br />6 Colorado Water ConservatiDn Board Loan (b) 0 1.506,000 2.521,900 195.100 0
<br />7 FmHA Loan/Grant (c) 0 3.777.700 3.192.400 12.029.900 0
<br />8 Inleresllncome (d) 53,500 8,900 20,200 78,100 97,700
<br />9 Total Sources of Funds 3,254,900 6,778,600 7,363,700 15,498,600 3,581,300
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<br /> Uses of Funds
<br />10 Capitallmprovemenls (e) 2,391.000 6,147.600 5,649,000 10,963,800 70.000
<br />11 Transfer To Debt Reserve Fund (~ 0 0 0 0 0
<br />12 Debt Issuance Cosls (g) 0 0 0 0 0
<br />13 Interim Financing Cosls (i) 1.291.200
<br />14 Total Uses of Funds 2,391,000 6,147,600 5,649,000 12,255,000 70,000
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<br />15 Balance at End of Year 863,900 631,000 1,714,700 3,243,600 3,511,300
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<br />(a) Represents future revenue bond issues required to fund distribu[jon system projects and purchase water rights.
<br />(b) The Colorado Water Conservation Board has approved a $4.223 mil/ion loan (including $0. 195 mil/ion of interest
<br />during construction) at 2% for 40 years to fund a portion of the NCWCD raw water line project.
<br />(c) The City is requesting a $11.5/7.5 million loan Igrant (including $1. 1 mil/ion of interest during construction) from FmHA to fund
<br />remaining NCWCD raw water line project costs, all water """tment plant related costs, all water rights costs, and a portion
<br />of dislribution system related cosls.
<br />(d) Available funds invested at an annual earnings rate of 3.00 percent
<br />(e) See Table 1-3.
<br />m Represenls debt service reserve requiremenls for revenue bond issues paid out of bond proceeds.
<br />(g) Represenls estimated issuance cost for indicated revenue bond issue. Conservation Board loans and FmHA loans are
<br />assumed to carry no issuance costs.
<br />(h) The 1993 balance includes a post-audit adjustment increase of$479.400.
<br />(i) Represenls interest accrued during coostruction on a Colorado Water Conservation Board Loan and interim FmHA financing
<br />SDUn;e$.
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